You generally can deduct premiums you pay for the following kinds of insurance related to your trade or business. Insurance that covers fire, storm, theft, accident, or similar losses. Credit insurance that covers losses from business bad debts.
Define indirect object: the definition of indirect object is an object indirectly affected by the action of the verb. Below are a few key features of indirect objects. An indirect object,
indirect material. Definition. Materials that are needed for the production of a good or service, but are not raw materials or inputs to the production process. Examples may include maintenance tools, cleaning products, or office supplies. The cost of indirect materials is typically classified as overhead for accounting purposes.