Examlex
For purposes of the estimated tax payment rules, a "large corporation" is defined as a corporation that had an average taxable income of $1 million or more over the preceding three-year period.
Scrap Value
The estimated resale value of an asset after it has reached the end of its useful life.
Units-Of-Production Method
A depreciation method that allocates expenses based on the actual usage or production levels of an asset over its useful life.
Scrap Value
An asset's anticipated resale value once it has surpassed its period of utility.
Straight-Line Method
A method of calculating depreciation of an asset by evenly distributing its cost over the useful life of the asset.
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