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Court Clarifies Depreciation: Collective Business Use of Asset Block Sufficient, No Need for Individual Asset Proof.

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....Disallowance of depreciation rejecting concept of 'Block of Asset' - use of individual assets - business use of each item of a block of assets is not necessary for allowing depreciation on the block....

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Court Clarifies Depreciation: Collective Business Use of Asset Block Sufficient, No Need for Individual Asset Proof.