Examlex
A classic and important example of strict scrutiny of classifications based upon race is the 1954 school desegregation case of:
Depreciable Asset
An asset subject to depreciation, which allows for the allocation of its cost over its useful life, reflecting wear and tear, or obsolescence.
Asset Benefits
The economic benefits that accrue to the owner of an asset over its useful life, including cash flows and tax advantages.
Expensed
Costs or charges incurred during a specific period that are recorded immediately against revenues, reducing profit.
Depreciable Amount
The cost of a tangible or intangible asset, less its salvage value, over which the cost is systematically allocated over its useful life.
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