__________________ Refers to a Substance Made by Gathering Waste Trimmings

question 21

Short Answer

__________________ refers to a substance made by gathering waste trimmings, cooking them so the fat separates easily from the muscle, and using a centrifuge to complete the separation.

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Definitions:

Capital Gain

The increase in the value of a capital asset that gives it a higher worth than the purchase price.

Straight Line Depreciation

A strategy for dividing the cost of a material asset into equal yearly portions throughout its estimated useful duration.

Salvage Value

The estimated residual value of an asset after its useful life has ended.

Marriage Penalty

In the tax system, the phenomenon that a two-income married couple pays more tax than the sum of two single people making the same money.