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In addition to preventing hydrocarbon emission, what are two main benefits of a PCV system?
Depreciation
The process of allocating the cost of a tangible asset over its useful lifespan, representing wear and tear, deterioration, or obsolescence.
Section 1250
Section 1250 of the U.S. Internal Revenue Code deals with the tax treatment of gains from the sale of depreciable real property, distinguishing between ordinary income and capital gains.
Short-term Loss
A financial loss realized on the sale or exchange of an asset held for one year or less.
Accumulated Straight-line Depreciation
The total amount of depreciation expense that has been recorded for an asset to date, using the straight-line method of depreciation.
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