§ 77-119 — Depreciable tangible personal property, defined.

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Section 77-119
Depreciable tangible personal property, defined.

Depreciable tangible personal property shall mean tangible personal property which is used in a trade or business or used for the production of income and which has a determinable life of longer than one year.
Source:
    Laws 1992, LB 1063, § 48

    Laws 1992, LB 719A, § 204



~Reissue Revised Statutes of Nebraska