INCOME APPROACH Definition

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INCOME APPROACH is a general way of determining a value indication of a business, business ownership interest, security, or intangible asset using one or more methods that convert anticipated benefits into a present single amount.

Learn new Accounting Terms

NOPLAT is Net Operating Profit Less Adjusted Taxes.

SERVICE CONTRACT is a contract offered by a retailer for maintaining and repairing a product beyond its manufacturers warranty coverage.

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