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200% Declining-Balance Rate
A method of accelerated depreciation allowing for a double rate of depreciation on assets, compared to the straight-line method.
MACRS
The Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes that allows faster write-offs on property.
Mid-Month Convention
A rule for depreciation of business assets that assumes assets are acquired and disposed of at the midpoint of the month.
Personal Property
Assets belonging to an individual that are movable, excluding real estate or land.
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