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The book value based on IRS tax per IRS depreciation schedule would be 95% of cost based on a 60-month depreciation schedule
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Other examples of items whose market value may decline sharply after being placed in service include cars, linens and bedding at motels, phone systems, copiers, and furniture
If they get sued in a regular court, they present their bogus award to the judge in the hopes that the creditor’s lawsuit will be dismissed
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