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(asset class 27.0). Therefore, the Court finds that the
equipment petitioner purchased with the $80,000 was 7-year
property with a 7-year recovery period. See sec. 168(c), (e)(1);
Thomson v. Commissioner, T.C. Memo. 1999-371.
The Court, in reaching its holding, has considered all
arguments made and concludes that any arguments not mentioned
above are moot, irrelevant, or without merit.
To reflect the foregoing,
Decision will be entered
under Rule 155.
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Last modified: November 10, 2007