Examlex
The equivalence principle can be best illustrated by ____.
Auto Property Taxes
Taxes levied on vehicles by local governments, calculated based on the value of the vehicle.
Cost Recovery Deduction
A method for businesses to deduct the costs of certain properties over time, often used for depreciation and amortization of assets.
Expense Deduction
Tax deductions that allow individuals or businesses to subtract certain expenses from their taxable income, thereby reducing their tax liability.
Cost Recovery Deduction
Tax deductions allowed for the depreciation or amortization of certain property used in a business or for income-producing purposes.
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