Presumably the present value of cost recovery deductions net of future recapture is embedded in the fair market value of buildings.

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Finally, we calculate the net-present-value of all those costs to capture the opportunity cost of tying your money up in a down payment .

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However, if you are a significant shareholder of a smaller-cap company like wireless connectivity provider iPass (nasdaq: IPAS - news - people ) and intend to present a legitimate resolution at the meeting to unlock shareholder value, the cost of getting to California for the meeting would be an allowable deduction.

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