Examlex
If an individual sells depreciable real estate at a gain
I.the entire gain is taxed at a maximum rate of 15%.
II.the gain due to depreciation is taxed as a long-term capital gain.
Stockholders' Equity
The amount of capital given to a company by its shareholders plus its retained earnings.
Intangible Assets
Non-physical assets such as patents, trademarks, and copyrights that have value to a business.
Classified Balance Sheet
A balance sheet that organizes assets and liabilities into subcategories like current, long-term, property, plant, and equipment, to provide more detailed information.
Current Ratio
It's a financial ratio that calculates whether a corporation can cover its obligations that need to be paid within one year, by dividing the current assets by the current liabilities.
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