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What does Richall Holdings v. Fitzwillliam suggest is the effect of section 58 on the equitable interest?
Ordinary Repairs
Routine maintenance and repair costs that are expensed in the period incurred to keep an asset in its normal operating condition.
Physically Extracted
The process of removing materials or resources from the natural environment through manual or mechanical means.
Act Of Nature
Events caused by natural forces that are beyond human control, like earthquakes, hurricanes, or floods, affecting businesses and individuals.
Depreciation Expense
An accounting method that allocates the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.
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