See Also
How to Recover Depreciation on an Insurance ClaimLegal Response International » Retroactive and retrospective applicationChange in Method of Depreciation: Retrospective Effect, Solved ExamplesI have a question about reporting prior year deductions. Can I report prior year deductions on this year's tax rfunctional depreciation (obsolescence)
A loss in value that is caused by defects in the design of a structure or by changes in market preferences that result in some aspect of a property being considered obsolete by current standards.
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