Examlex
The official name for the World Bank is ________________.
Cost Recovery Deduction
A deduction that allows a taxpayer to recover the cost of an investment over time, such as through depreciation or amortization.
Interest Expense
The cost incurred by an entity for borrowed funds, which is deductible under certain conditions for tax purposes.
Property Taxes
Taxes paid by property owners, based on the value of their property, to fund public services.
Depreciation Charges
The allocation of the cost of a tangible asset over its useful life for tax and accounting purposes.
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