Examlex
Doug purchased a new factory building on January 15,1990,for $400,000.On March 1,2015,the building was sold.Determine the cost recovery deduction for the year of the sale;Doug did not use the MACRS straight-line method.
Moral Hazard
A situation in which one party engages in risky behavior or fails to act in good faith because another party bears the consequences or costs.
Taxi Driver
An individual who operates a car for hire to transport passengers as a profession.
Piece-rate Garment Worker
describes an employee in the clothing manufacturing sector who is paid based on the number of pieces or units they produce, rather than receiving an hourly wage.
Extended Warranty
An additional warranty that extends beyond the original manufacturer's warranty, typically for an extra fee.
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