Examlex
Convert 6.4 mm3 to mL.
Modified Accelerated Cost Recovery System (MACRS)
A tax depreciation system in the United States that allows for the accelerated write-off of property under various classifications.
Federal Income Tax
A tax levied by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Double-declining Balance
A method of accelerated depreciation where the asset’s book value is decreased at double the rate of traditional straight-line depreciation.
Straight-line Depreciation Rate
The straight-line depreciation rate is a method of calculating the depreciation of an asset, where its cost is evenly spread over its useful life, resulting in a fixed annual depreciation expense.
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