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Which averaging conventions are used for MACRS depreciation?
Ratification
Ratification is the formal approval of an agreement, treaty, or contract, often by voting or through some legal process, making it officially valid.
Unauthorized Agent
An individual who acts on behalf of another party without having been given the legal or official authority to do so.
Breach Of Warranty
The violation of a promise, assertion, or guarantee made regarding the quality or nature of a product.
Transferee
A person or entity to whom rights or property is legally transferred.
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