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To what extent do cost recovery deductions based on the capitalized cost of a tangible business asset reflect a decline in the economic value of

To what extent do cost recovery deductions based on the capitalized cost of a tangible business asset reflect a decline in the economic value of that asset? Is this amortization and depletion only or also cost recovered through MACRS/Section 179? Recovered on disposition is also possible but doesn't make sense as an answer to me.

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