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In which year was the Adoption Assistance and Child Welfare Act passed?
Standard Mileage Rate
The rate set by the IRS that taxpayers may use to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
Depreciation
The process of allocating the cost of a tangible or physical asset over its useful life, recognizing it as an expense over time in financial statements.
Auto Property Taxes
Taxes levied on vehicles by local governments, calculated based on the value of the vehicle.
Cost Recovery Deduction
A method for businesses to deduct the costs of certain properties over time, often used for depreciation and amortization of assets.
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