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LIFO - disposing off the last items to be put in the stock.
FIFO - disposal or selling off the most recent items in the stock .
AVERAGE METHOD -getting the total cost of the previous adnd the current items and getting the average price.
B.The deductions that a taxpayer might undertake for the business reduction of property i.e depreciation and amortization .
deductions that the taxpayer may undertake for the personal as well as business activity i.e morgage interst rates and taxes.
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