Examlex
Wind, flowing water, glaciers, and gravity are agents of __________.
Cost Recovery Deduction
A tax deduction that allows a taxpayer to recover the cost of property or assets over time through depreciation.
Warehouse
A large commercial building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc.
Land Valuation
The process of determining the present worth of a piece of land based on its highest and best use, market conditions, and other factors.
Depreciable Cost Basis
The portion of the cost of an asset that can be deducted over time for tax purposes.
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