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Apr 19, 2018 Income convergence of China and India accounts for the bulk of the In this post I focus on the Gini coefficient of global income inequality,
Percentage (Declining Balance) Depreciation Calculator. When an asset loses value by an annual percentage, it is known as Declining Balance Depreciation. For example, if you have an asset that has a total worth of 10,000 and it has a depreciation of 10% per year, then at the end of the first year the total worth of the asset is 9,000. With this in
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The Tax Basis. To understand capital gains tax, you must understand the concept of tax basis. The "tax basis" of an asset is the value that’s used to calculate the taxable gain—or loss—when the asset is sold. Usually, the tax basis is the price the owner paid for the asset. For example, if you bought a house for $100,000, your tax basis
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