Examlex
A key prediction in determining where voters sided with Republicans or Democrats in the 2000 presidential election was
Cost Basis
The original value of an asset for tax purposes, usually the purchase price, which is used to determine capital gain or loss upon sale.
Fixed Asset
Long-term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year.
Long-Lived
Pertaining to assets, it refers to items that are expected to provide economic benefits over a prolonged period, generally exceeding one year.
Normal Operations
The regular, day-to-day activities carried out by a business to generate revenue and profit.
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