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Wilson Corporation purchases a factory building on September 29,2016,for $4,000,000 (exclusive of the amount allocated to the land) .It elects the alternative depreciation system (ADS) .What is the 2016 depreciation deduction?
Fraud
Fraud is a deliberate deception practiced to secure unfair or unlawful gain, often at the expense of others.
Credit Card Fraud Act
Legislation that defines credit card fraud and establishes related penalties for such crimes.
Criminal Penalties
Sanctions or punishments imposed by law for committing a criminal offense, such as fines or imprisonment.
Rescind
To revoke, cancel, or repeal a law, order, or agreement.
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