Examlex
Define assets.Provide three examples of assets.
Depreciation
A method of allocating the cost of a tangible or physical asset over its useful life.
Sales
The activity or business of selling goods or services.
Minimum Bid Price
The lowest price at which a seller is willing to sell an asset in an auction or market.
Capital Cost Allowance (CCA)
A tax deduction in Canada that allows businesses to claim a depreciation expense for the use of certain types of property.
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