CAST Was Developed by Xuejia Lai and James Massey and Uses

question 53

True/False

CAST was developed by Xuejia Lai and James Massey and uses a 128-bit key.

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Definitions:

Straight-Line Method

A method of calculating depreciation of an asset by evenly spreading the cost over its useful life.

Residential Rental Properties

Real estate properties that are leased or rented out to individuals to live in, as opposed to commercial properties.

Flow-Through Entities

Business entities that pass their income, deductions, and credits down to their owners for tax purposes, avoiding taxation at the corporate level.

LLC's

Stands for Limited Liability Companies, a business structure in the U.S. that offers personal liability protection to its owners but can be taxed as a partnership.