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What are the effects of aging on pancreatic cells?
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.
FMV
Fair Market Value; the price an asset would sell for on the open market under current conditions.
Donor's Adjusted Basis
The amount used in determining capital gain or loss for the donor, typically the cost basis adjusted for various factors like improvements or depreciation.
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