Examlex
Providing protection means:
Salvage Value
The estimated residual value of an asset at the end of its useful life, often considered for depreciation calculations.
Lease Payments
Regular payments made by a lessee to an lessor for the use of an asset over a specified period.
MACRS 3-Year Class
A category used in the Modified Accelerated Cost Recovery System (MACRS) for tax depreciation, covering assets with a useful life of 3 years.
Net Advantage To Leasing
The financial benefit that results from leasing an asset instead of purchasing it, considering all costs and benefits.
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