Examlex
describe each sequence recursively. Include initial conditions and assume that the
sequences begin with a1.
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Section 1245
A provision of the Internal Revenue Code relating to the recapture of depreciation on certain types of property when sold.
Ordinary
Pertaining to regular or usual conditions, occurrences, or business activities that are not exceptional.
Section 1221
A section of the U.S. Internal Revenue Code that defines all real and personal property subject to depreciation as assets, excluding inventory.
Trade or Business
Regular, continuous, and substantial activities engaged in by an entity to generate income or profit.
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