a. Deductions b. Exceptions c. Exclusions d. Any of the above
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 19DQ
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Question
It refers to a flow of wealth to the taxpayer which is not treated as part of gross income for purposes of computing the taxpayer’s taxable income.
a. Deductions
b. Exceptions
c. Exclusions
d. Any of the above
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