Examlex
The Internal Revenue Code and tax treaties are examples of statutory authorities.
Sales Tax
A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale.
Plant Asset
Long-lived tangible assets used in the production of goods and services, such as machinery, buildings, and equipment.
Unanticipated Costs
Expenses that were not planned or predicted in the budgeting process, often leading to budget overruns.
Remodeling
The process of making improvements or alterations to a building's structure or design, often to update or increase its value.
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