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capital asset
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capital asset


The law makes it easier for homeowners to think of their residence as a home rather than as a capital asset.
  accounting:  generally an asset that is expected to create value over a period of more than one year; though the exact definition used by the Internal Revenue Service is significantly more complex
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capital assets capital asset
Strongly Associated with:   liquid asset
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Samples:
  • The law makes it easier for homeowners to think of their residence as a home rather than as a capital asset.
  • It is in compliance with criteria for reporting capital assets on the financial statements in conformity with generally accepted accounting principles.
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Associated words [difficulty]:   capital asset , liquid asset [9] , capital [1] , capitalism [2] , capital expenditure [9] , liquid asset [9]
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Most commonly used in these subjects:   Business, Personal Finance, Law
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