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MACRS |
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MACRS depreciation), and then translate the taxable income or loss computed in the local currency into the owner's functional currency. 21 with a MACRS life of five years as long as annual business use exceeds 50% of total operation time. Accelerated depreciation under MACRS will not be allowed without a "logical and objective measure" clearly illustrating the portion of building equipment constituting Sec. |
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