Examlex
The following molecule represents a
Residual Value
The estimated value that an asset will have at the end of its useful life, often used in calculating leases and depreciation.
Financial Lease
A type of lease in which the lessee has use of the asset for most of its useful life, and the lease terms closely resemble the terms of a purchase agreement.
Property Taxes
Taxes levied by local governments on real estate, based on the property's value, used to fund public services and infrastructure.
CRA
Canada Revenue Agency, the federal agency responsible for administering tax laws for the Government of Canada and for most provinces and territories.
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