Examlex
Secondary authorities are typically used only by novice researchers in searching for answers to tax questions.
Equivalent Annual Cost
A financial metric used to compare the cost-efficiency of different investments or projects with different lifespans, by calculating their annual costs.
Present Value
The present day value of an anticipated future amount of money or series of cash receipts, calculated with an established rate of return.
CCA Tax Shield
Refers to the reduction in taxable income for businesses through the deduction of depreciation on long-term assets.
Operating Cash Flow (OCF)
Cash generated from a company's regular business operations, indicating its ability to generate sufficient revenue to maintain operations.
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