Examlex
Define the seven classes of assets used in allocating basis when using the residual method.
German Democratic Republic
Also known as East Germany, a socialist state that existed from 1949 to 1990 in the eastern part of Germany, aligned with the Eastern Bloc during the Cold War.
East Germany
Officially the German Democratic Republic (GDR), a state that existed from 1949 to 1990 in the eastern portion of Germany, characterized by its socialist government and part of the Eastern Bloc during the Cold War.
Bundesrat
The federal council representing the federal states (Länder) of Germany at the national level, part of Germany's bicameral legislature.
Centralized Power
A political system where a central authority controls all or most of the government functions and decision-making processes.
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