Examlex
MNCs realize there are two dimensions of formality-informality that must be considered:
Straight-Line Method
A method of calculating depreciation for accounting purposes, allocating a uniform expense amount to each year of an asset's useful life.
Depreciated
A decrease in the value of an asset over time, often due to wear and tear or obsolescence, which can be used for tax deductions.
Primarily Personal Property
Items or assets that are mainly used for personal, non-business purposes, which may include vehicles, furniture, and electronics.
Net Loss
The amount by which expenses exceed revenues, often deductible from other sources of income on a tax return.
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