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What is an operating department and how is it different from a support department? Give examples of each.
Apartment Building
A residential building containing multiple apartments for rent or lease.
Cost Recovery Deduction
A tax deduction that allows taxpayers to recover the cost of an asset over the time the asset is used, typically through depreciation.
Cost Recovery Deduction
A tax deduction that allows a taxpayer to recover the cost of property or assets over time through depreciation.
Warehouse
A large commercial building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc.
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