Examlex
Identify and briefly describe two types of reliability.
IRC Section 179
Allows taxpayers to deduct the cost of certain property as an expense when the property is placed in service (rephrased definition for §179 Expense).
Depreciated
The reduction in the recorded cost of an asset in accounting, reflecting wear and tear, age, or obsolescence.
Ordinary Expense
An expense that is common, accepted, necessary, and appropriate for a business or individual's trade or profession under tax law.
Advertising
The activity or profession of producing advertisements for commercial products or services to increase sales or public awareness.
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