Current Deduction

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Definitions
Expense
Expense Business Costs Current Deduction Capital Expenditures Depreciation Amortization Accounting Tax Deduction
An expense is a business cost incurred in operating and maintaining property, used in profit-directed business activities and calculated as the cost of goods and services used. Expenses can be currently deductible costs, distinct from capital expenditures that must be depreciated or amortized over the property's useful life.
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