Examlex
A jet-like emission of steam and hot water where groundwater is heated by geothermal heat is referred to as a:
MACRS
Stands for Modified Accelerated Cost Recovery System, which is a method of depreciation used in the United States for tax purposes, allowing for quicker cost recovery of property and equipment.
Useful Life
The estimated time period that an asset is expected to be used by a business or be productive.
Straight-Line Rate
A method of calculating the depreciation of an asset, which allocates an equal depreciation expense each year over the asset's useful life.
Double Declining-Balance
A method of accelerated depreciation that doubles the straight-line depreciation rate, allowing for faster asset expense recognition.
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