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1a. Should depreciation, amortization, and depletion exist? Or would it be better to just expense these items immediately, when they are acquired? 1b. What about

1a. Should depreciation, amortization, and depletion exist? Or would it be better to just expense these items immediately, when they are acquired?

1b. What about intangible assets like patents and copyrights? Can MACRS and Section 179 be applied to these as well? Or is their application limited to only tangible assets?

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