Examlex
Describe the purpose of each component of a wired LAN.
Intangible Asset
An asset without physical substance that provides economic benefit, such as patents, copyrights, trademarks, and goodwill.
Lease Term
The duration for which a lease agreement is effective, specifying the start and end dates.
Modified Accelerated Cost Recovery System
A tax depreciation system in the United States that allows for faster asset depreciation in the early years of asset life.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset evenly over its useful life, used for accounting and tax purposes.
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