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Under the MACRS system,depreciation rates for real property must always use the mid-month convention in the year of acquisition.
Owners' Acts
Legal actions or decisions made by the owners of a property or business.
Franchisee
One receiving a license to use another’s (the franchisor’s) trademark, trade name, or copyright in the sale of goods and services.
Independent Businessperson
An individual who operates and manages their own business, making decisions independently, often bearing the risks and rewards of the enterprise.
Regional
Pertaining to or characteristic of a specific area or part of a country or the world.
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