Separately Stated Items Are Listed on Schedule of the Form

question 15

Short Answer

Separately stated items are listed on Schedule of the Form 1120S.

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Definitions:

Locational Fit

The tolerance and fit specification designed to maintain precise location of a part or component, ensuring proper alignment and function without regard to clearance or interference conditions.

Drive Or Force Fit

Drive or force fit refers to a type of fit between two parts where interference exists, requiring pressure or heat to assemble, ensuring a tight and secure connection.

Transitional Fit

A type of fit in mechanical engineering where parts can either move together freely (clearance fit) or interfere slightly (interference fit), depending on the tolerances.

Maximum Interference

The largest value by which one part exceeds the size of its mating part, making assembly possible only with the application of force.