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A machine costs $180,000 and is expected to yield an after-tax net income of $10,800 each year. Management estimates the machine will have a ten-year life, a $20,000 salvage value, and straight-line depreciation is used. Compute the accounting rate of return for the investment.
Political Speech
Political speech involves expressions related to governmental, political processes, or public policies, often protected under freedom of speech rights to encourage democratic debate.
Corporation
A form of business organization that is owned by owners, called shareholders, who have no inherent right to manage the business, and is managed by a board of directors that is elected by the shareholders.
Takings Clause
Part of the Fifth Amendment of the U.S. Constitution, stating that private property cannot be taken for public use without just compensation.
Eminent Domain
A governmental power whereby the government can take or condemn private property for a public purpose on the payment of just compensation.
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