Examlex
Which of the following was NOT a characteristic of psychology at the end of the twentieth century?
Taxed
Refers to income, property, or purchases on which tax is imposed by governmental authorities.
Depreciation
The reduction in the value of an asset over time, particularly for tax purposes.
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.
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