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Balancing Charge |
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Balancing Charge The amount by which the sale price of an asset exceeds its written-down value. The written-down value is considered the actual value of the asset for tax purposes. As a result, a balancing charge is considered profit and is taxable. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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