Examlex
When compared to sand and gravel, small soil particles (clay and silt) have ______ pore space.
Ordinary Expense
Regular and necessary costs incurred in running a business that are tax-deductible.
Taxpayer's Business
Refers to any enterprise or activity undertaken by an individual with the intention of earning profit.
Depreciation
The method of allocating the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up over time.
Tangible Asset
Physical assets such as real estate, equipment, and inventory, distinguished from intangible assets like patents and copyrights.
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