Examlex
Why are "before and after" sketches useful?
Straight-line Method
A method of allocating an asset's cost evenly over its useful life for the purposes of calculating depreciation.
MACRS
Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes that allows faster depreciation in the initial years of an asset's life.
Equipment
Tangible assets used in operations, such as machinery or computers, that have a useful life beyond one accounting period.
MACRS
Modified Accelerated Cost Recovery System, a method of depreciation in the United States that allows businesses to recover investments in certain property through tax deductions over a specified life.
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