Namibia Was Once Called Southwest Africa and Was Under South

question 23

True/False

Namibia was once called Southwest Africa and was under South African control just before independence.

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Definitions:

Depreciation Tax Shield

The reduction in taxable income for businesses due to the allowance for depreciation, thereby lowering tax liabilities.

Foundry

A foundry is a factory that melts metal and pours it into molds to create castings, often used in manufacturing processes for various industries.

Tax Rate

The proportion of their earnings or profits that entities or individuals are required to pay to the government in the form of taxes.