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Three-year-old Barb says: "I have three chickens.I have blonde hair.I made a tower." Barb is developing
Capital Improvement
An addition or renovation to a property that increases its value, typically beyond ordinary repairs.
Repair and Maintenance
Expenses for fixing and maintaining assets to keep them in good working condition, often deductible for tax purposes.
Tax Court's Method
Procedures and legal principles used by the United States Tax Court to resolve disputes between taxpayers and the IRS.
IRS Method
Specific procedures or guidelines established by the Internal Revenue Service for filing taxes, calculating depreciation, or determining fair market value, among others.
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