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Mindy is in nursing school and is learning how to measure a patient's blood pressure. Her instructor first shows the class a video that demonstrates the proper procedures for measuring blood pressure and then demonstrates these same procedures using Mindy as a "patient." Mindy and her class are learning how to measure blood pressure in patients through the use of:
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.
Personal Use
The use of a property or asset for individual needs or enjoyment, as opposed to business or income-producing purposes.
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