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Which of the following act preempts state laws and upholds the validity of due-on-sale clause?
Remaining Economic Life
The estimated remaining period during which an asset is expected to be economically usable, with its cost being recoverable.
International Accounting Standards
A set of accounting standards, issued by the International Accounting Standards Board (IASB), that aim to standardize accounting practices across the globe.
R&D Costs
Expenses associated with research and development activities, aimed at discovering new knowledge or innovations that could lead to new products or improvements in existing ones.
Capitalized
Recorded as an asset rather than an expense, spreading the cost over time through depreciation or amortization.
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