If your business includes real estate, the net income on the aid applications is after depreciation expense, a noncash charge.
FORBES: Paying for College: Own a Business
As the recovery slows, a growing number of people worry about a descent into competitive depreciation, as countries try to grab a bigger share of global demand at others' expense, a trend that could fuel protectionism.
ECONOMIST: Currencies
Charter is very similar to a jet card or block-time arrangement in that there is no depreciation available with this expense.
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