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A key channel for interest rate effects on real activity will be through
Asset Characteristics
The inherent properties and qualities of an asset that affect its value, performance, and risk profile.
MACRS Depreciation
The Modified Accelerated Cost Recovery System is a method of depreciation used for tax purposes in the United States, allowing for faster depreciation in the early years of an asset's life.
Deferred Tax Liability
A tax obligation that arises when taxable income and accounting income differ, to be paid in future periods when those differences reverse.
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