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Long-term Contracts
Agreements that span a lengthy period, typically over one year, often related to construction or large projects.
Completed Contract Method
An accounting technique used for recognizing revenue and expenses on long-term projects only after the project is finished.
AMT Depreciation
Depreciation methods for the Alternative Minimum Tax purposes, which can differ from regular tax depreciation methods, often resulting in a slower expense recognition for AMT calculations.
Straight-line Method
A method of calculating depreciation and amortization by evenly spreading the cost over the useful life of an asset.
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