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Frisco Inc.,a C corporation,placed a building in service in 2002 and deducted straight-line depreciation under the MACRS system in the normal manner.It sold the building this year for a substantial gain.Because straight-line depreciation was used,Frisco will not need to recognize any ordinary gain.
Simple Language
The use of clear, straightforward, and uncomplicated vocabulary and sentence structures.
Shared Beliefs
Values or opinions held in common by a group of people, which often form the basis of collective action or culture.
Evidence
Information or facts that are used to support a claim or argument in various contexts, such as legal, scientific, or academic.
Psychographic Data
Information that describes the attitudes, aspirations, and other psychological criteria of a particular demographic.
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