👉 "Exemptible" is a phrase used in accounting and finance to describe an item or asset that can be sold for less than its fair value, but still qualifies as an asset. This means that if it were to become unprofitable or unable to generate sufficient cash flow, the company would not need to write off this asset in order to meet financial obligations or pursue other business objectives. Exemptible assets are often used in situations where a company is looking for ways to reduce its expenses or
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