Examlex
For the current month using JIT
§179 Expense
A section of the U.S. tax code that allows a business to deduct the full purchase price of qualifying equipment or software within the tax year.
Business Assets
Economic resources or items of value owned by a company that are expected to provide future benefits or profits.
Bulldozer
A heavy, tractor-like vehicle with a large, metal plate used to push large quantities of soil, sand, rubble, or other such material during construction or conversion work.
Capital Loss Deduction
A tax deduction for losses incurred on the sale of an asset held for investment, allowing for the offset of capital gains or regular income up to certain limits.
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