Massachusetts General Laws ch. 176E sec. 8A – Financial statements; inclusion of electronic data processing equipment as asset
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Section 8A. In an account of its financial condition, a dental service corporation may include as an asset available for the payment of losses electronic data processing equipment, provided that the cost of such equipment at the time of acquisition is at least one hundred thousand dollars and that said cost is to be amortized in full over a period not to exceed ten years.
Terms Used In Massachusetts General Laws ch. 176E sec. 8A
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.