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Which of the following contributes to economic development?
Cost Recovery Deduction
A tax deduction that allows a taxpayer to recover the cost of an investment over time through depreciation, amortization, or depletion.
50% Bonus
A premium payment of half the worth of an item, salary, or stipulated amount as an additional reward.
Cost Recovery Deduction
A deduction that allows a taxpayer to recover the cost of an investment over time, such as through depreciation or amortization.
Interest Expense
The cost incurred by an entity for borrowed funds, which is deductible under certain conditions for tax purposes.
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