Term
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Definition
| land and anything attached to the land |
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Term
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Definition
| all property not classified as real property |
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Term
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Definition
| the value of an asset detemined by tax authorities for the purpose of calculating taxes |
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Term
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Definition
| an accounting form on which a business records information about each plant asset |
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Term
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Definition
| revenue that results when a plant asset is sold for more than book value |
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Term
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Definition
| the losst that results when a plant asset is sold for less than book value |
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Term
| declining-balance method of depreciation |
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Definition
| multiplying the book value by a constant depreciation rate at the end of each fiscal period |
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