Examlex
Which of the following is a limitation of the structural-functional approach?
Straight-Line Method
A method of calculating depreciation of an asset by evenly spreading the cost over its useful life.
Residential Rental Properties
Real estate properties that are leased or rented out to individuals to live in, as opposed to commercial properties.
Flow-Through Entities
Business entities that pass their income, deductions, and credits down to their owners for tax purposes, avoiding taxation at the corporate level.
LLC's
Stands for Limited Liability Companies, a business structure in the U.S. that offers personal liability protection to its owners but can be taxed as a partnership.
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