Tax Implications

Depreciation
An accounting practice that spreads the cost of a tangible asset over its useful life.
Net of Tax
Net of tax is the amount left after adjusting for the effects of taxes. It's essential for financial analysis involving investments and expense management.
Profits Interest
An equity right based on the future value of a partnership, rewarding service without requiring capital contribution.
Wash
A wash refers to a series of transactions that offset gains and losses, leading to a net sum of zero.

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