1.   The failure to index depreciation schedules for inflation is devastating for manufacturing and other industries that require long-term investments.

2.   Any object that did not fit into one of these categories was assigned to a fifth catch-all group with a five-year depreciation schedule.

3.   Because corporate depreciation schedules are not indexed to inflation, higher inflation rates mean higher effective rates of taxation on profits.

4.   Chris Edwards, director of fiscal policy at the Cato Institute, argued that the new economy requires a new depreciation schedule.

5.   Foundation Health had changed its depreciation schedule, by deciding to write off assets over a longer period, spreading the costs.

6.   Gone are capital depreciation schedules, investment tax credits and the like.

7.   Still others would cut corporate taxes through faster depreciation schedules and more liberal rules on the use of tax losses.

8.   The failure of the tax code to index depreciation schedules for inflation is devastating for manufacturing and other industries that require long-term investments.

9.   The report said some depreciation schedules were more generous than real economic depreciation.

10.   These included the use of inappropriate depreciation schedules and delays in recognizing the impact of insurance claims.