1.   As tools, the bows are eligible for a depreciation deduction, as the musicians had claimed.

2.   Depreciation deductions are meant to allow businesses to write off the cost of investments over the lifetime of the purchase.

3.   R.J. Reynolds was taking more depreciation deductions during the early life of its North Carolina plants, a method city tax rules limit to in-state property holders.

4.   The proposal would not allow a lower cap-gains rate to apply to realty investment gains attributable to depreciation tax deductions taken by sellers during their ownership.