Missouri Laws 94.575 – Definitions
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The following words, as used in sections 94.575 to 94.577, shall mean:
(1) “Capital asset” or “fixed asset”, assets of a long-term character that are intended to continue to be held or used, including but not limited to land, buildings, machinery, furniture, and other equipment, including computer hardware and software;
Terms Used In Missouri Laws 94.575
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
(2) “Capital improvements”, any capital or fixed asset having an estimated economic useful life of at least two years.