Examlex
Use the distributive property to help simplify the following expression. All variables represent positive real numbers.
Equipment
Tangible property used in operations, such as machinery or computer hardware, which can often be depreciated for tax purposes.
Capital Asset
A long-term asset such as equipment, real estate, or securities, which is not easily sold in the regular course of a business's operations for cash.
Taxpayer's Home
The primary place of abode of a taxpayer that determines tax liabilities and benefits.
Loss Carryforward
A tax provision that allows taxpayers to use a current year's losses to reduce taxable income in future years.
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