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The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following depreciation methods for buildings?
Legal Relationship
A connection between two or more parties recognized and regulated by law, involving rights, duties, and obligations.
Contract
refers to a legally enforceable agreement between two or more parties that creates obligations to do or not do specific things.
Intention
A person's plan or purpose to carry out an exact action, often considered in legal contexts to determine the nature of an agreement or responsibility.
Unconditional Acceptance
An agreement to the terms of an offer without any modifications or conditions.
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