id	sid	tid	token	lemma	pos
ftr-433	1	1	n:\expense\draft29\new	n:\expense\draft29\new	ADJ
ftr-433	1	2	thesis	thesis	NOUN
ftr-433	1	3	3	3	NUM
ftr-433	1	4	professor	professor	NOUN
ftr-433	1	5	of	of	ADP
ftr-433	1	6	law	law	NOUN
ftr-433	1	7	,	,	PUNCT
ftr-433	1	8	university	university	PROPN
ftr-433	1	9	of	of	ADP
ftr-433	1	10	illinois	illinois	PROPN
ftr-433	1	11	college	college	PROPN
ftr-433	1	12	of	of	ADP
ftr-433	1	13	law	law	PROPN
ftr-433	1	14	,	,	PUNCT
ftr-433	1	15	b.a	b.a	PROPN
ftr-433	1	16	.	.	PROPN
ftr-433	1	17	,	,	PUNCT
ftr-433	1	18	stanford	stanford	PROPN
ftr-433	1	19	*	*	PROPN
ftr-433	1	20	university	university	PROPN
ftr-433	1	21	,	,	PUNCT
ftr-433	1	22	j.d	j.d	PROPN
ftr-433	1	23	.	.	PROPN
ftr-433	1	24	,	,	PUNCT
ftr-433	1	25	southwestern	southwestern	ADJ
ftr-433	1	26	university	university	NOUN
ftr-433	1	27	school	school	NOUN
ftr-433	1	28	of	of	ADP
ftr-433	1	29	law	law	NOUN
ftr-433	1	30	,	,	PUNCT
ftr-433	1	31	ll.m	ll.m	ADV
ftr-433	1	32	.	.	PUNCT
ftr-433	2	1	(	(	PUNCT
ftr-433	2	2	taxation	taxation	NOUN
ftr-433	2	3	)	)	PUNCT
ftr-433	2	4	,	,	PUNCT
ftr-433	2	5	new	new	PROPN
ftr-433	2	6	york	york	PROPN
ftr-433	2	7	university	university	PROPN
ftr-433	2	8	school	school	NOUN
ftr-433	2	9	of	of	ADP
ftr-433	2	10	law	law	NOUN
ftr-433	2	11	.	.	PUNCT
ftr-433	3	1	i	i	PRON
ftr-433	3	2	would	would	AUX
ftr-433	3	3	like	like	VERB
ftr-433	3	4	to	to	PART
ftr-433	3	5	thank	thank	VERB
ftr-433	3	6	both	both	DET
ftr-433	3	7	the	the	DET
ftr-433	3	8	southern	southern	PROPN
ftr-433	3	9	methodist	methodist	PROPN
ftr-433	3	10	university	university	PROPN
ftr-433	3	11	school	school	NOUN
ftr-433	3	12	of	of	ADP
ftr-433	3	13	law	law	NOUN
ftr-433	3	14	and	and	CCONJ
ftr-433	3	15	the	the	DET
ftr-433	3	16	university	university	PROPN
ftr-433	3	17	of	of	ADP
ftr-433	3	18	illinois	illinois	PROPN
ftr-433	3	19	college	college	PROPN
ftr-433	3	20	of	of	ADP
ftr-433	3	21	law	law	NOUN
ftr-433	3	22	for	for	ADP
ftr-433	3	23	their	their	PRON
ftr-433	3	24	research	research	NOUN
ftr-433	3	25	resources	resource	NOUN
ftr-433	3	26	and	and	CCONJ
ftr-433	3	27	financial	financial	ADJ
ftr-433	3	28	support	support	NOUN
ftr-433	3	29	.	.	PUNCT
ftr-433	4	1	i	i	PRON
ftr-433	4	2	would	would	AUX
ftr-433	4	3	also	also	ADV
ftr-433	4	4	like	like	VERB
ftr-433	4	5	to	to	PART
ftr-433	4	6	thank	thank	VERB
ftr-433	4	7	my	my	PRON
ftr-433	4	8	research	research	NOUN
ftr-433	4	9	assistants	assistant	NOUN
ftr-433	4	10	grant	grant	VERB
ftr-433	4	11	gulovsen	gulovsen	PROPN
ftr-433	4	12	,	,	PUNCT
ftr-433	4	13	michelle	michelle	PROPN
ftr-433	4	14	herzog	herzog	PROPN
ftr-433	4	15	,	,	PUNCT
ftr-433	4	16	mita	mita	PROPN
ftr-433	4	17	patel	patel	PROPN
ftr-433	4	18	,	,	PUNCT
ftr-433	4	19	lee	lee	PROPN
ftr-433	4	20	garsson	garsson	PROPN
ftr-433	4	21	and	and	CCONJ
ftr-433	4	22	rick	rick	PROPN
ftr-433	4	23	stamps	stamp	NOUN
ftr-433	4	24	,	,	PUNCT
ftr-433	4	25	and	and	CCONJ
ftr-433	4	26	to	to	PART
ftr-433	4	27	give	give	VERB
ftr-433	4	28	special	special	ADJ
ftr-433	4	29	thanks	thank	NOUN
ftr-433	4	30	to	to	ADP
ftr-433	4	31	michelle	michelle	PROPN
ftr-433	4	32	herzog	herzog	PROPN
ftr-433	4	33	,	,	PUNCT
ftr-433	4	34	mita	mita	PROPN
ftr-433	4	35	patel	patel	PROPN
ftr-433	4	36	,	,	PUNCT
ftr-433	4	37	and	and	CCONJ
ftr-433	4	38	zack	zack	PROPN
ftr-433	4	39	mason	mason	PROPN
ftr-433	4	40	,	,	PUNCT
ftr-433	4	41	for	for	ADP
ftr-433	4	42	their	their	PRON
ftr-433	4	43	assistance	assistance	NOUN
ftr-433	4	44	with	with	ADP
ftr-433	4	45	the	the	DET
ftr-433	4	46	development	development	NOUN
ftr-433	4	47	of	of	ADP
ftr-433	4	48	the	the	DET
ftr-433	4	49	spreadsheet	spreadsheet	NOUN
ftr-433	4	50	models	model	NOUN
ftr-433	4	51	used	use	VERB
ftr-433	4	52	to	to	PART
ftr-433	4	53	generate	generate	VERB
ftr-433	4	54	the	the	DET
ftr-433	4	55	tables	table	NOUN
ftr-433	4	56	and	and	CCONJ
ftr-433	4	57	figures	figure	VERB
ftr-433	4	58	herein	herein	NOUN
ftr-433	4	59	.	.	PUNCT
ftr-433	5	1	467	467	NUM
ftr-433	5	2	florida	florida	PROPN
ftr-433	5	3	tax	tax	NOUN
ftr-433	5	4	review	review	NOUN
ftr-433	5	5	volume	volume	NOUN
ftr-433	5	6	5	5	NUM
ftr-433	5	7	2002	2002	NUM
ftr-433	5	8	number	number	NOUN
ftr-433	5	9	7	7	NUM
ftr-433	5	10	normative	normative	ADJ
ftr-433	5	11	capital	capital	NOUN
ftr-433	5	12	cost	cost	NOUN
ftr-433	5	13	recovery	recovery	NOUN
ftr-433	5	14	for	for	ADP
ftr-433	5	15	a	a	DET
ftr-433	5	16	realization	realization	NOUN
ftr-433	5	17	-	-	PUNCT
ftr-433	5	18	based	base	VERB
ftr-433	5	19	income	income	NOUN
ftr-433	5	20	tax	tax	NOUN
ftr-433	5	21	charles	charles	PROPN
ftr-433	5	22	t.	t.	PROPN
ftr-433	5	23	terry	terry	PROPN
ftr-433	5	24	*	*	PROPN
ftr-433	5	25	i.	i.	PROPN
ftr-433	5	26	introduction	introduction	NOUN
ftr-433	5	27	.	.	PUNCT
ftr-433	5	28	.	.	PUNCT
ftr-433	5	29	.	.	PUNCT
ftr-433	5	30	.	.	PUNCT
ftr-433	5	31	.	.	PUNCT
ftr-433	5	32	.	.	PUNCT
ftr-433	5	33	.	.	PUNCT
ftr-433	5	34	.	.	PUNCT
ftr-433	5	35	.	.	PUNCT
ftr-433	5	36	.	.	PUNCT
ftr-433	5	37	.	.	PUNCT
ftr-433	5	38	.	.	PUNCT
ftr-433	5	39	.	.	PUNCT
ftr-433	5	40	.	.	PUNCT
ftr-433	5	41	.	.	PUNCT
ftr-433	5	42	.	.	PUNCT
ftr-433	5	43	.	.	PUNCT
ftr-433	5	44	.	.	PUNCT
ftr-433	5	45	.	.	PUNCT
ftr-433	5	46	.	.	PUNCT
ftr-433	5	47	.	.	PUNCT
ftr-433	5	48	.	.	PUNCT
ftr-433	5	49	.	.	PUNCT
ftr-433	5	50	.	.	PUNCT
ftr-433	5	51	.	.	PUNCT
ftr-433	5	52	.	.	PUNCT
ftr-433	5	53	.	.	PUNCT
ftr-433	5	54	.	.	PUNCT
ftr-433	5	55	.	.	PUNCT
ftr-433	5	56	.	.	PUNCT
ftr-433	5	57	.	.	PUNCT
ftr-433	5	58	.	.	PUNCT
ftr-433	5	59	.	.	PUNCT
ftr-433	5	60	.	.	PUNCT
ftr-433	5	61	.	.	PUNCT
ftr-433	5	62	.	.	PUNCT
ftr-433	5	63	.	.	PUNCT
ftr-433	5	64	.	.	PUNCT
ftr-433	5	65	.	.	PUNCT
ftr-433	6	1	469	469	NUM
ftr-433	6	2	ii	ii	NOUN
ftr-433	6	3	.	.	PUNCT
ftr-433	7	1	the	the	DET
ftr-433	7	2	financial	financial	ADJ
ftr-433	7	3	characteristics	characteristic	NOUN
ftr-433	7	4	of	of	ADP
ftr-433	7	5	various	various	ADJ
ftr-433	7	6	cost	cost	NOUN
ftr-433	7	7	recovery	recovery	NOUN
ftr-433	7	8	methods	method	NOUN
ftr-433	7	9	under	under	ADP
ftr-433	7	10	the	the	DET
ftr-433	7	11	u.s	u.s	PROPN
ftr-433	7	12	.	.	PROPN
ftr-433	7	13	income	income	NOUN
ftr-433	7	14	tax	tax	NOUN
ftr-433	7	15	.	.	PUNCT
ftr-433	7	16	.	.	PUNCT
ftr-433	7	17	.	.	PUNCT
ftr-433	7	18	.	.	PUNCT
ftr-433	7	19	.	.	PUNCT
ftr-433	7	20	.	.	PUNCT
ftr-433	7	21	.	.	PUNCT
ftr-433	7	22	.	.	PUNCT
ftr-433	8	1	476	476	NUM
ftr-433	8	2	a.	a.	NOUN
ftr-433	8	3	economic	economic	ADJ
ftr-433	8	4	cost	cost	NOUN
ftr-433	8	5	recovery	recovery	NOUN
ftr-433	8	6	.	.	PUNCT
ftr-433	8	7	.	.	PUNCT
ftr-433	8	8	.	.	PUNCT
ftr-433	8	9	.	.	PUNCT
ftr-433	8	10	.	.	PUNCT
ftr-433	8	11	.	.	PUNCT
ftr-433	8	12	.	.	PUNCT
ftr-433	8	13	.	.	PUNCT
ftr-433	8	14	.	.	PUNCT
ftr-433	8	15	.	.	PUNCT
ftr-433	8	16	.	.	PUNCT
ftr-433	8	17	.	.	PUNCT
ftr-433	8	18	.	.	PUNCT
ftr-433	8	19	.	.	PUNCT
ftr-433	8	20	.	.	PUNCT
ftr-433	8	21	.	.	PUNCT
ftr-433	8	22	.	.	PUNCT
ftr-433	8	23	.	.	PUNCT
ftr-433	8	24	.	.	PUNCT
ftr-433	8	25	.	.	PUNCT
ftr-433	8	26	.	.	PUNCT
ftr-433	8	27	.	.	PUNCT
ftr-433	8	28	.	.	PUNCT
ftr-433	8	29	.	.	PUNCT
ftr-433	8	30	.	.	PUNCT
ftr-433	9	1	477	477	NUM
ftr-433	9	2	b.	b.	PROPN
ftr-433	9	3	accelerated	accelerate	VERB
ftr-433	9	4	cost	cost	NOUN
ftr-433	9	5	recovery	recovery	NOUN
ftr-433	9	6	.	.	PUNCT
ftr-433	9	7	.	.	PUNCT
ftr-433	9	8	.	.	PUNCT
ftr-433	9	9	.	.	PUNCT
ftr-433	9	10	.	.	PUNCT
ftr-433	9	11	.	.	PUNCT
ftr-433	9	12	.	.	PUNCT
ftr-433	9	13	.	.	PUNCT
ftr-433	9	14	.	.	PUNCT
ftr-433	9	15	.	.	PUNCT
ftr-433	9	16	.	.	PUNCT
ftr-433	9	17	.	.	PUNCT
ftr-433	9	18	.	.	PUNCT
ftr-433	9	19	.	.	PUNCT
ftr-433	9	20	.	.	PUNCT
ftr-433	9	21	.	.	PUNCT
ftr-433	9	22	.	.	PUNCT
ftr-433	9	23	.	.	PUNCT
ftr-433	9	24	.	.	PUNCT
ftr-433	9	25	.	.	PUNCT
ftr-433	9	26	.	.	PUNCT
ftr-433	9	27	.	.	PUNCT
ftr-433	9	28	.	.	PUNCT
ftr-433	10	1	.	.	PUNCT
ftr-433	11	1	480	480	NUM
ftr-433	11	2	c.	c.	PROPN
ftr-433	11	3	year	year	NOUN
ftr-433	11	4	-	-	PUNCT
ftr-433	11	5	end	end	NOUN
ftr-433	11	6	expensing	expensing	NOUN
ftr-433	11	7	.	.	PUNCT
ftr-433	11	8	.	.	PUNCT
ftr-433	11	9	.	.	PUNCT
ftr-433	11	10	.	.	PUNCT
ftr-433	11	11	.	.	PUNCT
ftr-433	11	12	.	.	PUNCT
ftr-433	11	13	.	.	PUNCT
ftr-433	11	14	.	.	PUNCT
ftr-433	11	15	.	.	PUNCT
ftr-433	11	16	.	.	PUNCT
ftr-433	11	17	.	.	PUNCT
ftr-433	11	18	.	.	PUNCT
ftr-433	11	19	.	.	PUNCT
ftr-433	11	20	.	.	PUNCT
ftr-433	11	21	.	.	PUNCT
ftr-433	11	22	.	.	PUNCT
ftr-433	11	23	.	.	PUNCT
ftr-433	11	24	.	.	PUNCT
ftr-433	11	25	.	.	PUNCT
ftr-433	11	26	.	.	PUNCT
ftr-433	11	27	.	.	PUNCT
ftr-433	11	28	.	.	PUNCT
ftr-433	11	29	.	.	PUNCT
ftr-433	11	30	.	.	PUNCT
ftr-433	11	31	.	.	PUNCT
ftr-433	11	32	.	.	PUNCT
ftr-433	11	33	.	.	PUNCT
ftr-433	11	34	.	.	PUNCT
ftr-433	11	35	.	.	PUNCT
ftr-433	12	1	483	483	NUM
ftr-433	12	2	d.	d.	PROPN
ftr-433	12	3	theoretical	theoretical	ADJ
ftr-433	12	4	instantaneous	instantaneous	ADJ
ftr-433	12	5	expensing	expensing	NOUN
ftr-433	12	6	.	.	PUNCT
ftr-433	12	7	.	.	PUNCT
ftr-433	12	8	.	.	PUNCT
ftr-433	12	9	.	.	PUNCT
ftr-433	12	10	.	.	PUNCT
ftr-433	12	11	.	.	PUNCT
ftr-433	12	12	.	.	PUNCT
ftr-433	12	13	.	.	PUNCT
ftr-433	12	14	.	.	PUNCT
ftr-433	12	15	.	.	PUNCT
ftr-433	12	16	.	.	PUNCT
ftr-433	12	17	.	.	PUNCT
ftr-433	12	18	.	.	PUNCT
ftr-433	12	19	.	.	PUNCT
ftr-433	12	20	.	.	PUNCT
ftr-433	13	1	485	485	NUM
ftr-433	13	2	e.	e.	PROPN
ftr-433	13	3	expensing	expensing	NOUN
ftr-433	13	4	-	-	PUNCT
ftr-433	13	5	equivalent	equivalent	ADJ
ftr-433	13	6	cost	cost	NOUN
ftr-433	13	7	recovery	recovery	NOUN
ftr-433	13	8	.	.	PUNCT
ftr-433	13	9	.	.	PUNCT
ftr-433	13	10	.	.	PUNCT
ftr-433	13	11	.	.	PUNCT
ftr-433	13	12	.	.	PUNCT
ftr-433	13	13	.	.	PUNCT
ftr-433	13	14	.	.	PUNCT
ftr-433	13	15	.	.	PUNCT
ftr-433	13	16	.	.	PUNCT
ftr-433	13	17	.	.	PUNCT
ftr-433	13	18	.	.	PUNCT
ftr-433	13	19	.	.	PUNCT
ftr-433	13	20	.	.	PUNCT
ftr-433	13	21	.	.	PUNCT
ftr-433	13	22	.	.	PUNCT
ftr-433	13	23	.	.	PUNCT
ftr-433	14	1	488	488	NUM
ftr-433	14	2	f.	f.	PROPN
ftr-433	14	3	a	a	DET
ftr-433	14	4	preliminary	preliminary	ADJ
ftr-433	14	5	comparative	comparative	ADJ
ftr-433	14	6	analysis	analysis	NOUN
ftr-433	14	7	:	:	PUNCT
ftr-433	14	8	net	net	ADJ
ftr-433	14	9	present	present	ADJ
ftr-433	14	10	value	value	NOUN
ftr-433	14	11	,	,	PUNCT
ftr-433	14	12	internal	internal	ADJ
ftr-433	14	13	rate	rate	NOUN
ftr-433	14	14	of	of	ADP
ftr-433	14	15	return	return	NOUN
ftr-433	14	16	and	and	CCONJ
ftr-433	14	17	financial	financial	ADJ
ftr-433	14	18	effective	effective	ADJ
ftr-433	14	19	tax	tax	NOUN
ftr-433	14	20	rates	rate	NOUN
ftr-433	14	21	.	.	PUNCT
ftr-433	14	22	.	.	PUNCT
ftr-433	14	23	.	.	PUNCT
ftr-433	14	24	.	.	PUNCT
ftr-433	14	25	.	.	PUNCT
ftr-433	14	26	.	.	PUNCT
ftr-433	14	27	.	.	PUNCT
ftr-433	14	28	.	.	PUNCT
ftr-433	14	29	.	.	PUNCT
ftr-433	14	30	.	.	PUNCT
ftr-433	14	31	.	.	PUNCT
ftr-433	14	32	.	.	PUNCT
ftr-433	14	33	.	.	PUNCT
ftr-433	14	34	.	.	PUNCT
ftr-433	14	35	.	.	PUNCT
ftr-433	14	36	.	.	PUNCT
ftr-433	14	37	.	.	PUNCT
ftr-433	14	38	.	.	PUNCT
ftr-433	14	39	.	.	PUNCT
ftr-433	14	40	.	.	PUNCT
ftr-433	14	41	.	.	PUNCT
ftr-433	14	42	.	.	PUNCT
ftr-433	14	43	.	.	PUNCT
ftr-433	14	44	.	.	PUNCT
ftr-433	14	45	.	.	PUNCT
ftr-433	14	46	.	.	PUNCT
ftr-433	14	47	.	.	PUNCT
ftr-433	14	48	.	.	PUNCT
ftr-433	14	49	.	.	PUNCT
ftr-433	14	50	.	.	PUNCT
ftr-433	14	51	.	.	PUNCT
ftr-433	14	52	.	.	PUNCT
ftr-433	14	53	.	.	PUNCT
ftr-433	14	54	.	.	PUNCT
ftr-433	14	55	.	.	PUNCT
ftr-433	14	56	.	.	PUNCT
ftr-433	15	1	.	.	PUNCT
ftr-433	16	1	491	491	NUM
ftr-433	16	2	iii	iii	NOUN
ftr-433	16	3	.	.	PUNCT
ftr-433	16	4	comparative	comparative	ADJ
ftr-433	16	5	capital	capital	NOUN
ftr-433	16	6	income	income	NOUN
ftr-433	16	7	taxation	taxation	NOUN
ftr-433	16	8	principles	principle	NOUN
ftr-433	16	9	.	.	PUNCT
ftr-433	16	10	.	.	PUNCT
ftr-433	16	11	.	.	PUNCT
ftr-433	16	12	.	.	PUNCT
ftr-433	17	1	495	495	NUM
ftr-433	17	2	a.	a.	NOUN
ftr-433	17	3	accretion	accretion	NOUN
ftr-433	17	4	-	-	PUNCT
ftr-433	17	5	measured	measure	VERB
ftr-433	17	6	income	income	NOUN
ftr-433	17	7	tax	tax	NOUN
ftr-433	17	8	(	(	PUNCT
ftr-433	17	9	amit	amit	PROPN
ftr-433	17	10	)	)	PUNCT
ftr-433	17	11	.	.	PUNCT
ftr-433	17	12	.	.	PUNCT
ftr-433	17	13	.	.	PUNCT
ftr-433	17	14	.	.	PUNCT
ftr-433	17	15	.	.	PUNCT
ftr-433	17	16	.	.	PUNCT
ftr-433	17	17	.	.	PUNCT
ftr-433	17	18	.	.	PUNCT
ftr-433	17	19	.	.	PUNCT
ftr-433	17	20	.	.	PUNCT
ftr-433	17	21	.	.	PUNCT
ftr-433	17	22	.	.	PUNCT
ftr-433	17	23	.	.	PUNCT
ftr-433	18	1	495	495	NUM
ftr-433	18	2	b.	b.	PROPN
ftr-433	18	3	cash	cash	NOUN
ftr-433	18	4	flow	flow	NOUN
ftr-433	18	5	income	income	NOUN
ftr-433	18	6	tax	tax	NOUN
ftr-433	18	7	(	(	PUNCT
ftr-433	18	8	cfit	cfit	NOUN
ftr-433	18	9	)	)	PUNCT
ftr-433	18	10	.	.	PUNCT
ftr-433	18	11	.	.	PUNCT
ftr-433	18	12	.	.	PUNCT
ftr-433	18	13	.	.	PUNCT
ftr-433	18	14	.	.	PUNCT
ftr-433	18	15	.	.	PUNCT
ftr-433	18	16	.	.	PUNCT
ftr-433	18	17	.	.	PUNCT
ftr-433	18	18	.	.	PUNCT
ftr-433	18	19	.	.	PUNCT
ftr-433	18	20	.	.	PUNCT
ftr-433	18	21	.	.	PUNCT
ftr-433	18	22	.	.	PUNCT
ftr-433	18	23	.	.	PUNCT
ftr-433	18	24	.	.	PUNCT
ftr-433	18	25	.	.	PUNCT
ftr-433	18	26	.	.	PUNCT
ftr-433	18	27	.	.	PUNCT
ftr-433	18	28	.	.	PUNCT
ftr-433	18	29	.	.	PUNCT
ftr-433	19	1	496	496	NUM
ftr-433	19	2	c.	c.	PROPN
ftr-433	19	3	realization	realization	NOUN
ftr-433	19	4	-	-	PUNCT
ftr-433	19	5	based	base	VERB
ftr-433	19	6	income	income	NOUN
ftr-433	19	7	tax	tax	NOUN
ftr-433	19	8	(	(	PUNCT
ftr-433	19	9	rbit	rbit	NOUN
ftr-433	19	10	)	)	PUNCT
ftr-433	19	11	.	.	PUNCT
ftr-433	19	12	.	.	PUNCT
ftr-433	19	13	.	.	PUNCT
ftr-433	19	14	.	.	PUNCT
ftr-433	19	15	.	.	PUNCT
ftr-433	19	16	.	.	PUNCT
ftr-433	19	17	.	.	PUNCT
ftr-433	19	18	.	.	PUNCT
ftr-433	19	19	.	.	PUNCT
ftr-433	19	20	.	.	PUNCT
ftr-433	19	21	.	.	PUNCT
ftr-433	19	22	.	.	PUNCT
ftr-433	19	23	.	.	PUNCT
ftr-433	19	24	.	.	PUNCT
ftr-433	19	25	.	.	PUNCT
ftr-433	20	1	498	498	NUM
ftr-433	20	2	1	1	NUM
ftr-433	20	3	.	.	PUNCT
ftr-433	20	4	general	general	ADJ
ftr-433	20	5	tax	tax	NOUN
ftr-433	20	6	base	base	NOUN
ftr-433	20	7	principles	principle	NOUN
ftr-433	20	8	..	..	PUNCT
ftr-433	20	9	.	.	PUNCT
ftr-433	20	10	.	.	PUNCT
ftr-433	20	11	.	.	PUNCT
ftr-433	20	12	.	.	PUNCT
ftr-433	20	13	.	.	PUNCT
ftr-433	20	14	.	.	PUNCT
ftr-433	20	15	.	.	PUNCT
ftr-433	20	16	.	.	PUNCT
ftr-433	20	17	.	.	PUNCT
ftr-433	20	18	.	.	PUNCT
ftr-433	20	19	.	.	PUNCT
ftr-433	20	20	.	.	PUNCT
ftr-433	20	21	.	.	PUNCT
ftr-433	20	22	.	.	PUNCT
ftr-433	21	1	498	498	NUM
ftr-433	21	2	2	2	NUM
ftr-433	21	3	.	.	PUNCT
ftr-433	22	1	the	the	DET
ftr-433	22	2	role	role	NOUN
ftr-433	22	3	of	of	ADP
ftr-433	22	4	asset	asset	NOUN
ftr-433	22	5	basis	basis	NOUN
ftr-433	22	6	.	.	PUNCT
ftr-433	22	7	.	.	PUNCT
ftr-433	22	8	.	.	PUNCT
ftr-433	22	9	.	.	PUNCT
ftr-433	22	10	.	.	PUNCT
ftr-433	22	11	.	.	PUNCT
ftr-433	22	12	.	.	PUNCT
ftr-433	22	13	.	.	PUNCT
ftr-433	22	14	.	.	PUNCT
ftr-433	22	15	.	.	PUNCT
ftr-433	22	16	.	.	PUNCT
ftr-433	22	17	.	.	PUNCT
ftr-433	22	18	.	.	PUNCT
ftr-433	22	19	.	.	PUNCT
ftr-433	22	20	.	.	PUNCT
ftr-433	22	21	.	.	PUNCT
ftr-433	22	22	.	.	PUNCT
ftr-433	22	23	.	.	PUNCT
ftr-433	22	24	.	.	PUNCT
ftr-433	22	25	.	.	PUNCT
ftr-433	23	1	499	499	NUM
ftr-433	23	2	3	3	NUM
ftr-433	23	3	.	.	NOUN
ftr-433	23	4	rbit	rbit	PROPN
ftr-433	23	5	capital	capital	NOUN
ftr-433	23	6	income	income	NOUN
ftr-433	23	7	taxation	taxation	NOUN
ftr-433	23	8	principles	principle	NOUN
ftr-433	23	9	.	.	PUNCT
ftr-433	23	10	.	.	PUNCT
ftr-433	23	11	.	.	PUNCT
ftr-433	24	1	.	.	PUNCT
ftr-433	25	1	.	.	PUNCT
ftr-433	26	1	500	500	NUM
ftr-433	26	2	4	4	NUM
ftr-433	26	3	.	.	PUNCT
ftr-433	27	1	the	the	DET
ftr-433	27	2	role	role	NOUN
ftr-433	27	3	of	of	ADP
ftr-433	27	4	cost	cost	NOUN
ftr-433	27	5	recovery	recovery	NOUN
ftr-433	27	6	deductions	deduction	NOUN
ftr-433	27	7	.	.	PUNCT
ftr-433	27	8	.	.	PUNCT
ftr-433	27	9	.	.	PUNCT
ftr-433	27	10	.	.	PUNCT
ftr-433	27	11	.	.	PUNCT
ftr-433	27	12	.	.	PUNCT
ftr-433	27	13	.	.	PUNCT
ftr-433	27	14	.	.	PUNCT
ftr-433	28	1	501	501	NUM
ftr-433	28	2	d.	d.	NOUN
ftr-433	28	3	defining	define	VERB
ftr-433	28	4	the	the	DET
ftr-433	28	5	criteria	criterion	NOUN
ftr-433	28	6	for	for	ADP
ftr-433	28	7	normative	normative	ADJ
ftr-433	28	8	rbit	rbit	NOUN
ftr-433	28	9	base	base	NOUN
ftr-433	28	10	cost	cost	NOUN
ftr-433	28	11	recovery	recovery	NOUN
ftr-433	28	12	.	.	PUNCT
ftr-433	28	13	.	.	PUNCT
ftr-433	28	14	.	.	PUNCT
ftr-433	28	15	.	.	PUNCT
ftr-433	28	16	.	.	PUNCT
ftr-433	28	17	.	.	PUNCT
ftr-433	28	18	.	.	PUNCT
ftr-433	28	19	.	.	PUNCT
ftr-433	28	20	.	.	PUNCT
ftr-433	28	21	.	.	PUNCT
ftr-433	28	22	.	.	PUNCT
ftr-433	28	23	.	.	PUNCT
ftr-433	28	24	.	.	PUNCT
ftr-433	28	25	.	.	PUNCT
ftr-433	28	26	.	.	PUNCT
ftr-433	28	27	.	.	PUNCT
ftr-433	28	28	.	.	PUNCT
ftr-433	28	29	.	.	PUNCT
ftr-433	28	30	.	.	PUNCT
ftr-433	28	31	.	.	PUNCT
ftr-433	28	32	.	.	PUNCT
ftr-433	28	33	.	.	PUNCT
ftr-433	28	34	.	.	PUNCT
ftr-433	28	35	.	.	PUNCT
ftr-433	28	36	.	.	PUNCT
ftr-433	28	37	.	.	PUNCT
ftr-433	28	38	.	.	PUNCT
ftr-433	28	39	.	.	PUNCT
ftr-433	28	40	.	.	PUNCT
ftr-433	28	41	.	.	PUNCT
ftr-433	28	42	.	.	PUNCT
ftr-433	28	43	.	.	PUNCT
ftr-433	28	44	.	.	PUNCT
ftr-433	28	45	.	.	PUNCT
ftr-433	28	46	.	.	PUNCT
ftr-433	28	47	.	.	PUNCT
ftr-433	28	48	.	.	PUNCT
ftr-433	28	49	.	.	PUNCT
ftr-433	29	1	503	503	NUM
ftr-433	29	2	iv	iv	NOUN
ftr-433	29	3	.	.	PUNCT
ftr-433	29	4	capital	capital	NOUN
ftr-433	29	5	formation	formation	NOUN
ftr-433	29	6	and	and	CCONJ
ftr-433	29	7	capital	capital	NOUN
ftr-433	29	8	cost	cost	NOUN
ftr-433	29	9	recovery	recovery	NOUN
ftr-433	29	10	in	in	ADP
ftr-433	29	11	a	a	DET
ftr-433	29	12	realization	realization	NOUN
ftr-433	29	13	-	-	PUNCT
ftr-433	29	14	based	base	VERB
ftr-433	29	15	income	income	NOUN
ftr-433	29	16	tax	tax	NOUN
ftr-433	29	17	.	.	PUNCT
ftr-433	29	18	.	.	PUNCT
ftr-433	29	19	.	.	PUNCT
ftr-433	29	20	.	.	PUNCT
ftr-433	29	21	.	.	PUNCT
ftr-433	29	22	.	.	PUNCT
ftr-433	29	23	.	.	PUNCT
ftr-433	29	24	.	.	PUNCT
ftr-433	29	25	.	.	PUNCT
ftr-433	29	26	.	.	PUNCT
ftr-433	29	27	.	.	PUNCT
ftr-433	29	28	.	.	PUNCT
ftr-433	29	29	.	.	PUNCT
ftr-433	29	30	.	.	PUNCT
ftr-433	29	31	.	.	PUNCT
ftr-433	29	32	.	.	PUNCT
ftr-433	29	33	.	.	PUNCT
ftr-433	30	1	.	.	PUNCT
ftr-433	31	1	.	.	PUNCT
ftr-433	32	1	504	504	NUM
ftr-433	32	2	a.	a.	NOUN
ftr-433	32	3	the	the	DET
ftr-433	32	4	effect	effect	NOUN
ftr-433	32	5	of	of	ADP
ftr-433	32	6	cost	cost	NOUN
ftr-433	32	7	recovery	recovery	NOUN
ftr-433	32	8	methods	method	NOUN
ftr-433	32	9	on	on	ADP
ftr-433	32	10	loss	loss	NOUN
ftr-433	32	11	offsets	offset	NOUN
ftr-433	32	12	and	and	CCONJ
ftr-433	32	13	capital	capital	NOUN
ftr-433	32	14	investment	investment	NOUN
ftr-433	32	15	.	.	PUNCT
ftr-433	32	16	.	.	PUNCT
ftr-433	32	17	.	.	PUNCT
ftr-433	32	18	.	.	PUNCT
ftr-433	32	19	.	.	PUNCT
ftr-433	32	20	.	.	PUNCT
ftr-433	32	21	.	.	PUNCT
ftr-433	32	22	.	.	PUNCT
ftr-433	32	23	.	.	PUNCT
ftr-433	32	24	.	.	PUNCT
ftr-433	32	25	.	.	PUNCT
ftr-433	32	26	.	.	PUNCT
ftr-433	32	27	.	.	PUNCT
ftr-433	32	28	.	.	PUNCT
ftr-433	32	29	.	.	PUNCT
ftr-433	32	30	.	.	PUNCT
ftr-433	32	31	.	.	PUNCT
ftr-433	32	32	.	.	PUNCT
ftr-433	32	33	.	.	PUNCT
ftr-433	32	34	.	.	PUNCT
ftr-433	32	35	.	.	PUNCT
ftr-433	32	36	.	.	PUNCT
ftr-433	32	37	.	.	PUNCT
ftr-433	32	38	.	.	PUNCT
ftr-433	32	39	.	.	PUNCT
ftr-433	32	40	.	.	PUNCT
ftr-433	33	1	504	504	NUM
ftr-433	33	2	b.	b.	NOUN
ftr-433	33	3	cost	cost	NOUN
ftr-433	33	4	recovery	recovery	NOUN
ftr-433	33	5	methods	method	NOUN
ftr-433	33	6	and	and	CCONJ
ftr-433	33	7	the	the	DET
ftr-433	33	8	maximum	maximum	ADJ
ftr-433	33	9	capital	capital	NOUN
ftr-433	33	10	investment	investment	NOUN
ftr-433	33	11	from	from	ADP
ftr-433	33	12	earnings	earning	NOUN
ftr-433	33	13	in	in	ADP
ftr-433	33	14	a	a	DET
ftr-433	33	15	rbit	rbit	NOUN
ftr-433	33	16	base	base	NOUN
ftr-433	33	17	.	.	PUNCT
ftr-433	33	18	.	.	PUNCT
ftr-433	33	19	.	.	PUNCT
ftr-433	33	20	.	.	PUNCT
ftr-433	33	21	.	.	PUNCT
ftr-433	33	22	.	.	PUNCT
ftr-433	33	23	.	.	PUNCT
ftr-433	33	24	.	.	PUNCT
ftr-433	33	25	.	.	PUNCT
ftr-433	33	26	.	.	PUNCT
ftr-433	33	27	.	.	PUNCT
ftr-433	34	1	.	.	PUNCT
ftr-433	35	1	506	506	NUM
ftr-433	35	2	v.	v.	ADP
ftr-433	35	3	normative	normative	ADJ
ftr-433	35	4	criterion	criterion	NOUN
ftr-433	35	5	#	#	SYM
ftr-433	35	6	1	1	NUM
ftr-433	35	7	:	:	PUNCT
ftr-433	35	8	recovering	recover	VERB
ftr-433	35	9	the	the	DET
ftr-433	35	10	full	full	ADJ
ftr-433	35	11	financial	financial	ADJ
ftr-433	35	12	cost	cost	NOUN
ftr-433	35	13	of	of	ADP
ftr-433	35	14	investment	investment	NOUN
ftr-433	35	15	.	.	PUNCT
ftr-433	35	16	.	.	PUNCT
ftr-433	35	17	.	.	PUNCT
ftr-433	35	18	.	.	PUNCT
ftr-433	35	19	.	.	PUNCT
ftr-433	35	20	.	.	PUNCT
ftr-433	35	21	.	.	PUNCT
ftr-433	35	22	.	.	PUNCT
ftr-433	35	23	.	.	PUNCT
ftr-433	35	24	.	.	PUNCT
ftr-433	35	25	.	.	PUNCT
ftr-433	35	26	.	.	PUNCT
ftr-433	35	27	.	.	PUNCT
ftr-433	35	28	.	.	PUNCT
ftr-433	35	29	.	.	PUNCT
ftr-433	35	30	.	.	PUNCT
ftr-433	35	31	.	.	PUNCT
ftr-433	35	32	.	.	PUNCT
ftr-433	35	33	.	.	PUNCT
ftr-433	35	34	.	.	PUNCT
ftr-433	35	35	.	.	PUNCT
ftr-433	35	36	.	.	PUNCT
ftr-433	36	1	.	.	PUNCT
ftr-433	37	1	510	510	NUM
ftr-433	37	2	a.	a.	NOUN
ftr-433	37	3	the	the	DET
ftr-433	37	4	cary	cary	PROPN
ftr-433	37	5	brown	brown	PROPN
ftr-433	37	6	analysis	analysis	NOUN
ftr-433	37	7	..	..	PUNCT
ftr-433	37	8	.	.	PUNCT
ftr-433	37	9	.	.	PUNCT
ftr-433	37	10	.	.	PUNCT
ftr-433	37	11	.	.	PUNCT
ftr-433	37	12	.	.	PUNCT
ftr-433	37	13	.	.	PUNCT
ftr-433	37	14	.	.	PUNCT
ftr-433	37	15	.	.	PUNCT
ftr-433	37	16	.	.	PUNCT
ftr-433	37	17	.	.	PUNCT
ftr-433	37	18	.	.	PUNCT
ftr-433	37	19	.	.	PUNCT
ftr-433	37	20	.	.	PUNCT
ftr-433	37	21	.	.	PUNCT
ftr-433	37	22	.	.	PUNCT
ftr-433	37	23	.	.	PUNCT
ftr-433	37	24	.	.	PUNCT
ftr-433	37	25	.	.	PUNCT
ftr-433	37	26	.	.	PUNCT
ftr-433	37	27	.	.	PUNCT
ftr-433	37	28	.	.	PUNCT
ftr-433	37	29	.	.	PUNCT
ftr-433	37	30	.	.	PUNCT
ftr-433	38	1	510	510	NUM
ftr-433	38	2	468	468	NUM
ftr-433	38	3	florida	florida	PROPN
ftr-433	38	4	tax	tax	NOUN
ftr-433	38	5	review	review	NOUN
ftr-433	38	6	[	[	X
ftr-433	38	7	vol	vol	NOUN
ftr-433	38	8	.	.	PROPN
ftr-433	38	9	5:7	5:7	NUM
ftr-433	38	10	b.	b.	PROPN
ftr-433	38	11	modern	modern	ADJ
ftr-433	38	12	analysis	analysis	NOUN
ftr-433	38	13	of	of	ADP
ftr-433	38	14	net	net	ADJ
ftr-433	38	15	financial	financial	ADJ
ftr-433	38	16	cost	cost	NOUN
ftr-433	38	17	.	.	PUNCT
ftr-433	38	18	.	.	PUNCT
ftr-433	38	19	.	.	PUNCT
ftr-433	38	20	.	.	PUNCT
ftr-433	38	21	.	.	PUNCT
ftr-433	38	22	.	.	PUNCT
ftr-433	38	23	.	.	PUNCT
ftr-433	38	24	.	.	PUNCT
ftr-433	38	25	.	.	PUNCT
ftr-433	38	26	.	.	PUNCT
ftr-433	38	27	.	.	PUNCT
ftr-433	38	28	.	.	PUNCT
ftr-433	38	29	.	.	PUNCT
ftr-433	39	1	.	.	PUNCT
ftr-433	40	1	514	514	NUM
ftr-433	40	2	vi	vi	NOUN
ftr-433	40	3	.	.	NOUN
ftr-433	40	4	normative	normative	ADJ
ftr-433	40	5	criterion	criterion	NOUN
ftr-433	40	6	#	#	SYM
ftr-433	40	7	2	2	NUM
ftr-433	40	8	:	:	PUNCT
ftr-433	40	9	appropriately	appropriately	ADV
ftr-433	40	10	measuring	measure	VERB
ftr-433	40	11	net	net	ADJ
ftr-433	40	12	realized	realize	VERB
ftr-433	40	13	income	income	NOUN
ftr-433	40	14	.	.	PUNCT
ftr-433	40	15	.	.	PUNCT
ftr-433	40	16	.	.	PUNCT
ftr-433	40	17	.	.	PUNCT
ftr-433	40	18	.	.	PUNCT
ftr-433	40	19	.	.	PUNCT
ftr-433	40	20	.	.	PUNCT
ftr-433	40	21	.	.	PUNCT
ftr-433	40	22	.	.	PUNCT
ftr-433	40	23	.	.	PUNCT
ftr-433	40	24	.	.	PUNCT
ftr-433	40	25	.	.	PUNCT
ftr-433	40	26	.	.	PUNCT
ftr-433	40	27	.	.	PUNCT
ftr-433	40	28	.	.	PUNCT
ftr-433	40	29	.	.	PUNCT
ftr-433	40	30	.	.	PUNCT
ftr-433	40	31	.	.	PUNCT
ftr-433	40	32	.	.	PUNCT
ftr-433	40	33	.	.	PUNCT
ftr-433	40	34	.	.	PUNCT
ftr-433	40	35	.	.	PUNCT
ftr-433	40	36	.	.	PUNCT
ftr-433	40	37	.	.	PUNCT
ftr-433	40	38	.	.	PUNCT
ftr-433	40	39	.	.	PUNCT
ftr-433	40	40	.	.	PUNCT
ftr-433	40	41	.	.	PUNCT
ftr-433	40	42	.	.	PUNCT
ftr-433	40	43	.	.	PUNCT
ftr-433	40	44	.	.	PUNCT
ftr-433	41	1	.	.	PUNCT
ftr-433	42	1	515	515	NUM
ftr-433	42	2	a.	a.	NOUN
ftr-433	42	3	measuring	measure	VERB
ftr-433	42	4	net	net	ADJ
ftr-433	42	5	economic	economic	ADJ
ftr-433	42	6	income	income	NOUN
ftr-433	42	7	in	in	ADP
ftr-433	42	8	an	an	DET
ftr-433	42	9	amit	amit	NOUN
ftr-433	42	10	base	base	NOUN
ftr-433	42	11	.	.	PUNCT
ftr-433	42	12	.	.	PUNCT
ftr-433	42	13	.	.	PUNCT
ftr-433	42	14	.	.	PUNCT
ftr-433	43	1	516	516	NUM
ftr-433	43	2	1	1	NUM
ftr-433	43	3	.	.	PUNCT
ftr-433	43	4	introduction	introduction	NOUN
ftr-433	43	5	..	..	PUNCT
ftr-433	43	6	.	.	PUNCT
ftr-433	43	7	.	.	PUNCT
ftr-433	43	8	.	.	PUNCT
ftr-433	43	9	.	.	PUNCT
ftr-433	43	10	.	.	PUNCT
ftr-433	43	11	.	.	PUNCT
ftr-433	43	12	.	.	PUNCT
ftr-433	43	13	.	.	PUNCT
ftr-433	43	14	.	.	PUNCT
ftr-433	43	15	.	.	PUNCT
ftr-433	43	16	.	.	PUNCT
ftr-433	43	17	.	.	PUNCT
ftr-433	43	18	.	.	PUNCT
ftr-433	43	19	.	.	PUNCT
ftr-433	43	20	.	.	PUNCT
ftr-433	43	21	.	.	PUNCT
ftr-433	43	22	.	.	PUNCT
ftr-433	43	23	.	.	PUNCT
ftr-433	43	24	.	.	PUNCT
ftr-433	43	25	.	.	PUNCT
ftr-433	43	26	.	.	PUNCT
ftr-433	43	27	.	.	PUNCT
ftr-433	43	28	.	.	PUNCT
ftr-433	43	29	.	.	PUNCT
ftr-433	43	30	.	.	PUNCT
ftr-433	43	31	.	.	PUNCT
ftr-433	43	32	.	.	PUNCT
ftr-433	44	1	516	516	NUM
ftr-433	44	2	2	2	NUM
ftr-433	44	3	.	.	PUNCT
ftr-433	44	4	internal	internal	ADJ
ftr-433	44	5	rate	rate	NOUN
ftr-433	44	6	of	of	ADP
ftr-433	44	7	return	return	NOUN
ftr-433	44	8	,	,	PUNCT
ftr-433	44	9	net	net	ADJ
ftr-433	44	10	present	present	ADJ
ftr-433	44	11	value	value	NOUN
ftr-433	44	12	and	and	CCONJ
ftr-433	44	13	effective	effective	ADJ
ftr-433	44	14	tax	tax	NOUN
ftr-433	44	15	rates	rate	NOUN
ftr-433	44	16	.	.	PUNCT
ftr-433	44	17	.	.	PUNCT
ftr-433	44	18	.	.	PUNCT
ftr-433	44	19	.	.	PUNCT
ftr-433	44	20	.	.	PUNCT
ftr-433	44	21	.	.	PUNCT
ftr-433	44	22	.	.	PUNCT
ftr-433	44	23	.	.	PUNCT
ftr-433	44	24	.	.	PUNCT
ftr-433	44	25	.	.	PUNCT
ftr-433	44	26	.	.	PUNCT
ftr-433	44	27	.	.	PUNCT
ftr-433	44	28	.	.	PUNCT
ftr-433	44	29	.	.	PUNCT
ftr-433	44	30	.	.	PUNCT
ftr-433	44	31	.	.	PUNCT
ftr-433	44	32	.	.	PUNCT
ftr-433	44	33	.	.	PUNCT
ftr-433	44	34	.	.	PUNCT
ftr-433	44	35	.	.	PUNCT
ftr-433	45	1	518	518	NUM
ftr-433	45	2	3	3	NUM
ftr-433	45	3	.	.	PUNCT
ftr-433	45	4	hurdle	hurdle	NOUN
ftr-433	45	5	rates	rate	NOUN
ftr-433	45	6	and	and	CCONJ
ftr-433	45	7	the	the	DET
ftr-433	45	8	effect	effect	NOUN
ftr-433	45	9	of	of	ADP
ftr-433	45	10	increased	increase	VERB
ftr-433	45	11	yield	yield	NOUN
ftr-433	45	12	rates	rate	NOUN
ftr-433	45	13	on	on	ADP
ftr-433	45	14	irr	irr	PROPN
ftr-433	45	15	etr	etr	PROPN
ftr-433	45	16	and	and	CCONJ
ftr-433	45	17	npv	npv	PROPN
ftr-433	45	18	etr	etr	PROPN
ftr-433	45	19	.	.	PUNCT
ftr-433	45	20	.	.	PUNCT
ftr-433	45	21	.	.	PUNCT
ftr-433	45	22	.	.	PUNCT
ftr-433	45	23	.	.	PUNCT
ftr-433	45	24	.	.	PUNCT
ftr-433	45	25	.	.	PUNCT
ftr-433	45	26	.	.	PUNCT
ftr-433	45	27	.	.	PUNCT
ftr-433	45	28	.	.	PUNCT
ftr-433	45	29	.	.	PUNCT
ftr-433	46	1	.	.	PUNCT
ftr-433	47	1	519	519	NUM
ftr-433	47	2	4	4	NUM
ftr-433	47	3	.	.	PUNCT
ftr-433	48	1	the	the	DET
ftr-433	48	2	effect	effect	NOUN
ftr-433	48	3	of	of	ADP
ftr-433	48	4	variable	variable	ADJ
ftr-433	48	5	tax	tax	NOUN
ftr-433	48	6	rates	rate	NOUN
ftr-433	48	7	on	on	ADP
ftr-433	48	8	npv	npv	PROPN
ftr-433	48	9	etr	etr	PROPN
ftr-433	48	10	.	.	PUNCT
ftr-433	48	11	.	.	PUNCT
ftr-433	49	1	523	523	NUM
ftr-433	49	2	5	5	NUM
ftr-433	49	3	.	.	PUNCT
ftr-433	49	4	summary	summary	NOUN
ftr-433	49	5	.	.	PUNCT
ftr-433	49	6	.	.	PUNCT
ftr-433	49	7	.	.	PUNCT
ftr-433	49	8	.	.	PUNCT
ftr-433	49	9	.	.	PUNCT
ftr-433	49	10	.	.	PUNCT
ftr-433	49	11	.	.	PUNCT
ftr-433	49	12	.	.	PUNCT
ftr-433	49	13	.	.	PUNCT
ftr-433	49	14	.	.	PUNCT
ftr-433	49	15	.	.	PUNCT
ftr-433	49	16	.	.	PUNCT
ftr-433	49	17	.	.	PUNCT
ftr-433	49	18	.	.	PUNCT
ftr-433	49	19	.	.	PUNCT
ftr-433	49	20	.	.	PUNCT
ftr-433	49	21	.	.	PUNCT
ftr-433	49	22	.	.	PUNCT
ftr-433	49	23	.	.	PUNCT
ftr-433	49	24	.	.	PUNCT
ftr-433	49	25	.	.	PUNCT
ftr-433	49	26	.	.	PUNCT
ftr-433	49	27	.	.	PUNCT
ftr-433	49	28	.	.	PUNCT
ftr-433	49	29	.	.	PUNCT
ftr-433	49	30	.	.	PUNCT
ftr-433	49	31	.	.	PUNCT
ftr-433	49	32	.	.	PUNCT
ftr-433	49	33	.	.	PUNCT
ftr-433	49	34	.	.	PUNCT
ftr-433	50	1	.	.	PUNCT
ftr-433	51	1	524	524	NUM
ftr-433	51	2	b.	b.	NOUN
ftr-433	51	3	cash	cash	NOUN
ftr-433	51	4	flow	flow	NOUN
ftr-433	51	5	accounting	account	VERB
ftr-433	51	6	in	in	ADP
ftr-433	51	7	a	a	DET
ftr-433	51	8	cfit	cfit	NOUN
ftr-433	51	9	base	base	NOUN
ftr-433	51	10	.	.	PUNCT
ftr-433	51	11	.	.	PUNCT
ftr-433	51	12	.	.	PUNCT
ftr-433	51	13	.	.	PUNCT
ftr-433	51	14	.	.	PUNCT
ftr-433	51	15	.	.	PUNCT
ftr-433	51	16	.	.	PUNCT
ftr-433	51	17	.	.	PUNCT
ftr-433	51	18	.	.	PUNCT
ftr-433	51	19	.	.	PUNCT
ftr-433	51	20	.	.	PUNCT
ftr-433	51	21	.	.	PUNCT
ftr-433	51	22	.	.	PUNCT
ftr-433	51	23	.	.	PUNCT
ftr-433	52	1	525	525	NUM
ftr-433	52	2	1	1	NUM
ftr-433	52	3	.	.	PUNCT
ftr-433	52	4	introduction	introduction	NOUN
ftr-433	52	5	..	..	PUNCT
ftr-433	52	6	.	.	PUNCT
ftr-433	52	7	.	.	PUNCT
ftr-433	52	8	.	.	PUNCT
ftr-433	52	9	.	.	PUNCT
ftr-433	52	10	.	.	PUNCT
ftr-433	52	11	.	.	PUNCT
ftr-433	52	12	.	.	PUNCT
ftr-433	52	13	.	.	PUNCT
ftr-433	52	14	.	.	PUNCT
ftr-433	52	15	.	.	PUNCT
ftr-433	52	16	.	.	PUNCT
ftr-433	52	17	.	.	PUNCT
ftr-433	52	18	.	.	PUNCT
ftr-433	52	19	.	.	PUNCT
ftr-433	52	20	.	.	PUNCT
ftr-433	52	21	.	.	PUNCT
ftr-433	52	22	.	.	PUNCT
ftr-433	52	23	.	.	PUNCT
ftr-433	52	24	.	.	PUNCT
ftr-433	52	25	.	.	PUNCT
ftr-433	52	26	.	.	PUNCT
ftr-433	52	27	.	.	PUNCT
ftr-433	52	28	.	.	PUNCT
ftr-433	52	29	.	.	PUNCT
ftr-433	52	30	.	.	PUNCT
ftr-433	52	31	.	.	PUNCT
ftr-433	52	32	.	.	PUNCT
ftr-433	53	1	525	525	NUM
ftr-433	53	2	2	2	NUM
ftr-433	53	3	.	.	PUNCT
ftr-433	53	4	cfit	cfit	PROPN
ftr-433	53	5	accounting	accounting	NOUN
ftr-433	53	6	:	:	PUNCT
ftr-433	53	7	financial	financial	ADJ
ftr-433	53	8	accuracy	accuracy	NOUN
ftr-433	53	9	and	and	CCONJ
ftr-433	53	10	proportionality	proportionality	NOUN
ftr-433	53	11	.	.	PUNCT
ftr-433	53	12	.	.	PUNCT
ftr-433	53	13	.	.	PUNCT
ftr-433	53	14	.	.	PUNCT
ftr-433	53	15	.	.	PUNCT
ftr-433	53	16	.	.	PUNCT
ftr-433	53	17	.	.	PUNCT
ftr-433	53	18	.	.	PUNCT
ftr-433	53	19	.	.	PUNCT
ftr-433	53	20	.	.	PUNCT
ftr-433	53	21	.	.	PUNCT
ftr-433	53	22	.	.	PUNCT
ftr-433	53	23	.	.	PUNCT
ftr-433	53	24	.	.	PUNCT
ftr-433	53	25	.	.	PUNCT
ftr-433	53	26	.	.	PUNCT
ftr-433	53	27	.	.	PUNCT
ftr-433	53	28	.	.	PUNCT
ftr-433	53	29	.	.	PUNCT
ftr-433	53	30	.	.	PUNCT
ftr-433	53	31	.	.	PUNCT
ftr-433	53	32	.	.	PUNCT
ftr-433	54	1	.	.	PUNCT
ftr-433	55	1	527	527	NUM
ftr-433	55	2	c.	c.	NOUN
ftr-433	55	3	measuring	measure	VERB
ftr-433	55	4	net	net	NOUN
ftr-433	55	5	realized	realize	VERB
ftr-433	55	6	income	income	NOUN
ftr-433	55	7	in	in	ADP
ftr-433	55	8	a	a	DET
ftr-433	55	9	rbit	rbit	NOUN
ftr-433	55	10	base	base	NOUN
ftr-433	55	11	.	.	PUNCT
ftr-433	55	12	.	.	PUNCT
ftr-433	55	13	.	.	PUNCT
ftr-433	55	14	.	.	PUNCT
ftr-433	55	15	.	.	PUNCT
ftr-433	55	16	.	.	PUNCT
ftr-433	56	1	.	.	PUNCT
ftr-433	57	1	530	530	NUM
ftr-433	57	2	1	1	NUM
ftr-433	57	3	.	.	PUNCT
ftr-433	58	1	irr	irr	NOUN
ftr-433	58	2	effective	effective	ADJ
ftr-433	58	3	tax	tax	NOUN
ftr-433	58	4	rates	rate	NOUN
ftr-433	58	5	.	.	PUNCT
ftr-433	58	6	.	.	PUNCT
ftr-433	58	7	.	.	PUNCT
ftr-433	58	8	.	.	PUNCT
ftr-433	58	9	.	.	PUNCT
ftr-433	58	10	.	.	PUNCT
ftr-433	58	11	.	.	PUNCT
ftr-433	58	12	.	.	PUNCT
ftr-433	58	13	.	.	PUNCT
ftr-433	58	14	.	.	PUNCT
ftr-433	58	15	.	.	PUNCT
ftr-433	58	16	.	.	PUNCT
ftr-433	58	17	.	.	PUNCT
ftr-433	58	18	.	.	PUNCT
ftr-433	58	19	.	.	PUNCT
ftr-433	58	20	.	.	PUNCT
ftr-433	58	21	.	.	PUNCT
ftr-433	58	22	.	.	PUNCT
ftr-433	58	23	.	.	PUNCT
ftr-433	59	1	.	.	PUNCT
ftr-433	60	1	530	530	NUM
ftr-433	60	2	2	2	NUM
ftr-433	60	3	.	.	PUNCT
ftr-433	60	4	npv	npv	NOUN
ftr-433	60	5	effective	effective	ADJ
ftr-433	60	6	tax	tax	NOUN
ftr-433	60	7	rates	rate	NOUN
ftr-433	60	8	.	.	PUNCT
ftr-433	60	9	.	.	PUNCT
ftr-433	60	10	.	.	PUNCT
ftr-433	60	11	.	.	PUNCT
ftr-433	60	12	.	.	PUNCT
ftr-433	60	13	.	.	PUNCT
ftr-433	60	14	.	.	PUNCT
ftr-433	60	15	.	.	PUNCT
ftr-433	60	16	.	.	PUNCT
ftr-433	60	17	.	.	PUNCT
ftr-433	60	18	.	.	PUNCT
ftr-433	60	19	.	.	PUNCT
ftr-433	60	20	.	.	PUNCT
ftr-433	60	21	.	.	PUNCT
ftr-433	60	22	.	.	PUNCT
ftr-433	60	23	.	.	PUNCT
ftr-433	60	24	.	.	PUNCT
ftr-433	60	25	.	.	PUNCT
ftr-433	60	26	.	.	PUNCT
ftr-433	61	1	532	532	NUM
ftr-433	61	2	3	3	X
ftr-433	61	3	.	.	PUNCT
ftr-433	61	4	hurdle	hurdle	NOUN
ftr-433	61	5	rates	rate	NOUN
ftr-433	61	6	and	and	CCONJ
ftr-433	61	7	the	the	DET
ftr-433	61	8	financial	financial	ADJ
ftr-433	61	9	accuracy	accuracy	NOUN
ftr-433	61	10	of	of	ADP
ftr-433	61	11	capital	capital	NOUN
ftr-433	61	12	cost	cost	NOUN
ftr-433	61	13	recovery	recovery	NOUN
ftr-433	61	14	methods	method	NOUN
ftr-433	61	15	.	.	PUNCT
ftr-433	61	16	.	.	PUNCT
ftr-433	61	17	.	.	PUNCT
ftr-433	61	18	.	.	PUNCT
ftr-433	61	19	.	.	PUNCT
ftr-433	61	20	.	.	PUNCT
ftr-433	61	21	.	.	PUNCT
ftr-433	61	22	.	.	PUNCT
ftr-433	61	23	.	.	PUNCT
ftr-433	61	24	.	.	PUNCT
ftr-433	61	25	.	.	PUNCT
ftr-433	62	1	.	.	PUNCT
ftr-433	63	1	.	.	PUNCT
ftr-433	64	1	535	535	NUM
ftr-433	64	2	4	4	NUM
ftr-433	64	3	.	.	PUNCT
ftr-433	64	4	summary	summary	NOUN
ftr-433	64	5	.	.	PUNCT
ftr-433	64	6	.	.	PUNCT
ftr-433	64	7	.	.	PUNCT
ftr-433	64	8	.	.	PUNCT
ftr-433	64	9	.	.	PUNCT
ftr-433	64	10	.	.	PUNCT
ftr-433	64	11	.	.	PUNCT
ftr-433	64	12	.	.	PUNCT
ftr-433	64	13	.	.	PUNCT
ftr-433	64	14	.	.	PUNCT
ftr-433	64	15	.	.	PUNCT
ftr-433	64	16	.	.	PUNCT
ftr-433	64	17	.	.	PUNCT
ftr-433	64	18	.	.	PUNCT
ftr-433	64	19	.	.	PUNCT
ftr-433	64	20	.	.	PUNCT
ftr-433	64	21	.	.	PUNCT
ftr-433	64	22	.	.	PUNCT
ftr-433	64	23	.	.	PUNCT
ftr-433	64	24	.	.	PUNCT
ftr-433	64	25	.	.	PUNCT
ftr-433	64	26	.	.	PUNCT
ftr-433	64	27	.	.	PUNCT
ftr-433	64	28	.	.	PUNCT
ftr-433	64	29	.	.	PUNCT
ftr-433	64	30	.	.	PUNCT
ftr-433	64	31	.	.	PUNCT
ftr-433	64	32	.	.	PUNCT
ftr-433	64	33	.	.	PUNCT
ftr-433	64	34	.	.	PUNCT
ftr-433	64	35	.	.	PUNCT
ftr-433	65	1	537	537	NUM
ftr-433	65	2	vii	vii	PROPN
ftr-433	65	3	.	.	PUNCT
ftr-433	65	4	final	final	ADJ
ftr-433	65	5	arguments	argument	NOUN
ftr-433	65	6	.	.	PUNCT
ftr-433	65	7	.	.	PUNCT
ftr-433	65	8	.	.	PUNCT
ftr-433	65	9	.	.	PUNCT
ftr-433	65	10	.	.	PUNCT
ftr-433	65	11	.	.	PUNCT
ftr-433	65	12	.	.	PUNCT
ftr-433	65	13	.	.	PUNCT
ftr-433	65	14	.	.	PUNCT
ftr-433	65	15	.	.	PUNCT
ftr-433	65	16	.	.	PUNCT
ftr-433	65	17	.	.	PUNCT
ftr-433	65	18	.	.	PUNCT
ftr-433	65	19	.	.	PUNCT
ftr-433	65	20	.	.	PUNCT
ftr-433	65	21	.	.	PUNCT
ftr-433	65	22	.	.	PUNCT
ftr-433	65	23	.	.	PUNCT
ftr-433	65	24	.	.	PUNCT
ftr-433	65	25	.	.	PUNCT
ftr-433	65	26	.	.	PUNCT
ftr-433	65	27	.	.	PUNCT
ftr-433	65	28	.	.	PUNCT
ftr-433	65	29	.	.	PUNCT
ftr-433	65	30	.	.	PUNCT
ftr-433	65	31	.	.	PUNCT
ftr-433	65	32	.	.	PUNCT
ftr-433	65	33	.	.	PUNCT
ftr-433	65	34	.	.	PUNCT
ftr-433	65	35	.	.	PUNCT
ftr-433	65	36	.	.	PUNCT
ftr-433	65	37	.	.	PUNCT
ftr-433	65	38	.	.	PUNCT
ftr-433	65	39	.	.	PUNCT
ftr-433	65	40	.	.	PUNCT
ftr-433	66	1	538	538	NUM
ftr-433	66	2	a.	a.	NOUN
ftr-433	66	3	empirical	empirical	ADJ
ftr-433	66	4	summary	summary	NOUN
ftr-433	66	5	.	.	PUNCT
ftr-433	66	6	.	.	PUNCT
ftr-433	66	7	.	.	PUNCT
ftr-433	66	8	.	.	PUNCT
ftr-433	66	9	.	.	PUNCT
ftr-433	66	10	.	.	PUNCT
ftr-433	66	11	.	.	PUNCT
ftr-433	66	12	.	.	PUNCT
ftr-433	66	13	.	.	PUNCT
ftr-433	66	14	.	.	PUNCT
ftr-433	66	15	.	.	PUNCT
ftr-433	66	16	.	.	PUNCT
ftr-433	66	17	.	.	PUNCT
ftr-433	66	18	.	.	PUNCT
ftr-433	66	19	.	.	PUNCT
ftr-433	66	20	.	.	PUNCT
ftr-433	66	21	.	.	PUNCT
ftr-433	66	22	.	.	PUNCT
ftr-433	66	23	.	.	PUNCT
ftr-433	66	24	.	.	PUNCT
ftr-433	66	25	.	.	PUNCT
ftr-433	66	26	.	.	PUNCT
ftr-433	66	27	.	.	PUNCT
ftr-433	66	28	.	.	PUNCT
ftr-433	66	29	.	.	PUNCT
ftr-433	66	30	.	.	PUNCT
ftr-433	66	31	.	.	PUNCT
ftr-433	66	32	.	.	PUNCT
ftr-433	66	33	.	.	PUNCT
ftr-433	67	1	538	538	NUM
ftr-433	67	2	b.	b.	PROPN
ftr-433	67	3	economic	economic	ADJ
ftr-433	67	4	cost	cost	NOUN
ftr-433	67	5	recovery	recovery	NOUN
ftr-433	67	6	is	be	AUX
ftr-433	67	7	not	not	PART
ftr-433	67	8	the	the	DET
ftr-433	67	9	normative	normative	ADJ
ftr-433	67	10	capital	capital	NOUN
ftr-433	67	11	cost	cost	NOUN
ftr-433	67	12	recovery	recovery	NOUN
ftr-433	67	13	method	method	NOUN
ftr-433	67	14	for	for	ADP
ftr-433	67	15	a	a	DET
ftr-433	67	16	rbit	rbit	NOUN
ftr-433	67	17	base	base	NOUN
ftr-433	67	18	.	.	PUNCT
ftr-433	67	19	.	.	PUNCT
ftr-433	67	20	.	.	PUNCT
ftr-433	67	21	.	.	PUNCT
ftr-433	67	22	.	.	PUNCT
ftr-433	67	23	.	.	PUNCT
ftr-433	67	24	.	.	PUNCT
ftr-433	67	25	.	.	PUNCT
ftr-433	67	26	.	.	PUNCT
ftr-433	67	27	.	.	PUNCT
ftr-433	67	28	.	.	PUNCT
ftr-433	67	29	.	.	PUNCT
ftr-433	67	30	.	.	PUNCT
ftr-433	68	1	.	.	PUNCT
ftr-433	69	1	541	541	NUM
ftr-433	69	2	c.	c.	NOUN
ftr-433	69	3	capital	capital	NOUN
ftr-433	69	4	expensing	expensing	NOUN
ftr-433	69	5	is	be	AUX
ftr-433	69	6	the	the	DET
ftr-433	69	7	normative	normative	ADJ
ftr-433	69	8	capital	capital	NOUN
ftr-433	69	9	cost	cost	NOUN
ftr-433	69	10	recovery	recovery	NOUN
ftr-433	69	11	method	method	NOUN
ftr-433	69	12	for	for	ADP
ftr-433	69	13	a	a	DET
ftr-433	69	14	rbit	rbit	NOUN
ftr-433	69	15	base	base	NOUN
ftr-433	69	16	.	.	PUNCT
ftr-433	69	17	.	.	PUNCT
ftr-433	69	18	.	.	PUNCT
ftr-433	69	19	.	.	PUNCT
ftr-433	69	20	.	.	PUNCT
ftr-433	69	21	.	.	PUNCT
ftr-433	69	22	.	.	PUNCT
ftr-433	69	23	.	.	PUNCT
ftr-433	69	24	.	.	PUNCT
ftr-433	69	25	.	.	PUNCT
ftr-433	69	26	.	.	PUNCT
ftr-433	69	27	.	.	PUNCT
ftr-433	69	28	.	.	PUNCT
ftr-433	69	29	.	.	PUNCT
ftr-433	69	30	.	.	PUNCT
ftr-433	69	31	.	.	PUNCT
ftr-433	69	32	.	.	PUNCT
ftr-433	70	1	.	.	PUNCT
ftr-433	71	1	542	542	NUM
ftr-433	71	2	viii	viii	NOUN
ftr-433	71	3	.	.	PUNCT
ftr-433	72	1	conclusion	conclusion	NOUN
ftr-433	72	2	.	.	PUNCT
ftr-433	72	3	.	.	PUNCT
ftr-433	72	4	.	.	PUNCT
ftr-433	72	5	.	.	PUNCT
ftr-433	72	6	.	.	PUNCT
ftr-433	72	7	.	.	PUNCT
ftr-433	72	8	.	.	PUNCT
ftr-433	72	9	.	.	PUNCT
ftr-433	72	10	.	.	PUNCT
ftr-433	72	11	.	.	PUNCT
ftr-433	72	12	.	.	PUNCT
ftr-433	72	13	.	.	PUNCT
ftr-433	72	14	.	.	PUNCT
ftr-433	72	15	.	.	PUNCT
ftr-433	72	16	.	.	PUNCT
ftr-433	72	17	.	.	PUNCT
ftr-433	72	18	.	.	PUNCT
ftr-433	72	19	.	.	PUNCT
ftr-433	72	20	.	.	PUNCT
ftr-433	72	21	.	.	PUNCT
ftr-433	72	22	.	.	PUNCT
ftr-433	72	23	.	.	PUNCT
ftr-433	72	24	.	.	PUNCT
ftr-433	72	25	.	.	PUNCT
ftr-433	72	26	.	.	PUNCT
ftr-433	72	27	.	.	PUNCT
ftr-433	72	28	.	.	PUNCT
ftr-433	72	29	.	.	PUNCT
ftr-433	72	30	.	.	PUNCT
ftr-433	72	31	.	.	PUNCT
ftr-433	72	32	.	.	PUNCT
ftr-433	72	33	.	.	PUNCT
ftr-433	72	34	.	.	PUNCT
ftr-433	72	35	.	.	PUNCT
ftr-433	72	36	.	.	PUNCT
ftr-433	72	37	.	.	PUNCT
ftr-433	72	38	.	.	PUNCT
ftr-433	72	39	.	.	PUNCT
ftr-433	72	40	.	.	PUNCT
ftr-433	72	41	.	.	PUNCT
ftr-433	73	1	544	544	NUM
ftr-433	73	2	2002	2002	NUM
ftr-433	73	3	]	]	PUNCT
ftr-433	73	4	normative	normative	ADJ
ftr-433	73	5	capital	capital	NOUN
ftr-433	73	6	cost	cost	NOUN
ftr-433	73	7	recovery	recovery	NOUN
ftr-433	73	8	469	469	NUM
ftr-433	73	9	1	1	NUM
ftr-433	73	10	.	.	PUNCT
ftr-433	74	1	briefly	briefly	NOUN
ftr-433	74	2	,	,	PUNCT
ftr-433	74	3	the	the	DET
ftr-433	74	4	former	former	ADJ
ftr-433	74	5	base	base	NOUN
ftr-433	74	6	taxes	taxis	NOUN
ftr-433	74	7	all	all	DET
ftr-433	74	8	net	net	ADJ
ftr-433	74	9	increases	increase	NOUN
ftr-433	74	10	in	in	ADP
ftr-433	74	11	wealth	wealth	NOUN
ftr-433	74	12	,	,	PUNCT
ftr-433	74	13	including	include	VERB
ftr-433	74	14	appreciation	appreciation	NOUN
ftr-433	74	15	in	in	ADP
ftr-433	74	16	value	value	NOUN
ftr-433	74	17	of	of	ADP
ftr-433	74	18	accumulated	accumulate	VERB
ftr-433	74	19	wealth	wealth	NOUN
ftr-433	74	20	,	,	PUNCT
ftr-433	74	21	while	while	SCONJ
ftr-433	74	22	the	the	DET
ftr-433	74	23	latter	latter	ADJ
ftr-433	74	24	base	base	NOUN
ftr-433	74	25	only	only	ADV
ftr-433	74	26	taxes	tax	VERB
ftr-433	74	27	wealth	wealth	NOUN
ftr-433	74	28	when	when	SCONJ
ftr-433	74	29	and	and	CCONJ
ftr-433	74	30	as	as	SCONJ
ftr-433	74	31	devoted	devoted	ADJ
ftr-433	74	32	to	to	ADP
ftr-433	74	33	consumption	consumption	NOUN
ftr-433	74	34	.	.	PUNCT
ftr-433	75	1	for	for	ADP
ftr-433	75	2	the	the	DET
ftr-433	75	3	two	two	NUM
ftr-433	75	4	works	work	NOUN
ftr-433	75	5	that	that	PRON
ftr-433	75	6	defined	define	VERB
ftr-433	75	7	income	income	NOUN
ftr-433	75	8	as	as	ADP
ftr-433	75	9	a	a	DET
ftr-433	75	10	tax	tax	NOUN
ftr-433	75	11	base	base	NOUN
ftr-433	75	12	,	,	PUNCT
ftr-433	75	13	see	see	VERB
ftr-433	75	14	robert	robert	PROPN
ftr-433	75	15	m.	m.	PROPN
ftr-433	75	16	haig	haig	PROPN
ftr-433	75	17	,	,	PUNCT
ftr-433	75	18	the	the	DET
ftr-433	75	19	concept	concept	NOUN
ftr-433	75	20	of	of	ADP
ftr-433	75	21	income	income	NOUN
ftr-433	75	22	—	—	PUNCT
ftr-433	75	23	economic	economic	ADJ
ftr-433	75	24	and	and	CCONJ
ftr-433	75	25	legal	legal	ADJ
ftr-433	75	26	aspects	aspect	NOUN
ftr-433	75	27	,	,	PUNCT
ftr-433	75	28	in	in	ADP
ftr-433	75	29	the	the	DET
ftr-433	75	30	federal	federal	ADJ
ftr-433	75	31	income	income	NOUN
ftr-433	75	32	tax	tax	NOUN
ftr-433	75	33	1	1	NUM
ftr-433	75	34	,	,	PUNCT
ftr-433	75	35	6	6	NUM
ftr-433	75	36	-	-	SYM
ftr-433	75	37	7	7	NUM
ftr-433	75	38	,	,	PUNCT
ftr-433	75	39	27	27	NUM
ftr-433	75	40	(	(	PUNCT
ftr-433	75	41	robert	robert	PROPN
ftr-433	75	42	m.	m.	PROPN
ftr-433	75	43	haig	haig	PROPN
ftr-433	75	44	ed	ed	PROPN
ftr-433	75	45	.	.	PROPN
ftr-433	75	46	,	,	PUNCT
ftr-433	75	47	1921	1921	NUM
ftr-433	75	48	)	)	PUNCT
ftr-433	75	49	;	;	PUNCT
ftr-433	75	50	henry	henry	PROPN
ftr-433	75	51	simons	simons	PROPN
ftr-433	75	52	,	,	PUNCT
ftr-433	75	53	personal	personal	ADJ
ftr-433	75	54	income	income	NOUN
ftr-433	75	55	taxation	taxation	NOUN
ftr-433	75	56	103	103	NUM
ftr-433	75	57	(	(	PUNCT
ftr-433	75	58	1938	1938	NUM
ftr-433	75	59	)	)	PUNCT
ftr-433	75	60	.	.	PUNCT
ftr-433	76	1	see	see	VERB
ftr-433	76	2	also	also	ADV
ftr-433	76	3	richard	richard	PROPN
ftr-433	76	4	b.	b.	PROPN
ftr-433	76	5	goode	goode	PROPN
ftr-433	76	6	,	,	PUNCT
ftr-433	76	7	the	the	DET
ftr-433	76	8	individual	individual	ADJ
ftr-433	76	9	income	income	NOUN
ftr-433	76	10	tax	tax	NOUN
ftr-433	76	11	59	59	NUM
ftr-433	76	12	-	-	SYM
ftr-433	76	13	99	99	NUM
ftr-433	76	14	(	(	PUNCT
ftr-433	76	15	1986	1986	NUM
ftr-433	76	16	)	)	PUNCT
ftr-433	76	17	.	.	PUNCT
ftr-433	77	1	for	for	ADP
ftr-433	77	2	a	a	DET
ftr-433	77	3	seminal	seminal	ADJ
ftr-433	77	4	article	article	NOUN
ftr-433	77	5	on	on	ADP
ftr-433	77	6	the	the	DET
ftr-433	77	7	practical	practical	ADJ
ftr-433	77	8	design	design	NOUN
ftr-433	77	9	of	of	ADP
ftr-433	77	10	a	a	DET
ftr-433	77	11	consumption	consumption	NOUN
ftr-433	77	12	tax	tax	NOUN
ftr-433	77	13	base	base	NOUN
ftr-433	77	14	,	,	PUNCT
ftr-433	77	15	see	see	VERB
ftr-433	77	16	william	william	PROPN
ftr-433	77	17	andrews	andrews	PROPN
ftr-433	77	18	,	,	PUNCT
ftr-433	77	19	a	a	DET
ftr-433	77	20	consumption	consumption	NOUN
ftr-433	77	21	-	-	PUNCT
ftr-433	77	22	type	type	NOUN
ftr-433	77	23	or	or	CCONJ
ftr-433	77	24	cash	cash	NOUN
ftr-433	77	25	flow	flow	NOUN
ftr-433	77	26	personal	personal	ADJ
ftr-433	77	27	income	income	NOUN
ftr-433	77	28	tax	tax	NOUN
ftr-433	77	29	,	,	PUNCT
ftr-433	77	30	87	87	NUM
ftr-433	77	31	harv	harv	NOUN
ftr-433	77	32	.	.	PUNCT
ftr-433	78	1	l.	l.	PROPN
ftr-433	78	2	rev	rev	PROPN
ftr-433	78	3	.	.	PROPN
ftr-433	78	4	1113	1113	NUM
ftr-433	78	5	(	(	PUNCT
ftr-433	78	6	1974	1974	NUM
ftr-433	78	7	)	)	PUNCT
ftr-433	79	1	[	[	X
ftr-433	79	2	hereinafter	hereinafter	NOUN
ftr-433	79	3	andrews	andrews	PROPN
ftr-433	79	4	,	,	PUNCT
ftr-433	79	5	cash	cash	NOUN
ftr-433	79	6	flow	flow	NOUN
ftr-433	79	7	]	]	PUNCT
ftr-433	79	8	.	.	PUNCT
ftr-433	80	1	for	for	ADP
ftr-433	80	2	a	a	DET
ftr-433	80	3	detailed	detailed	ADJ
ftr-433	80	4	discussion	discussion	NOUN
ftr-433	80	5	of	of	ADP
ftr-433	80	6	the	the	DET
ftr-433	80	7	mechanics	mechanic	NOUN
ftr-433	80	8	involved	involve	VERB
ftr-433	80	9	in	in	ADP
ftr-433	80	10	implementing	implement	VERB
ftr-433	80	11	these	these	DET
ftr-433	80	12	two	two	NUM
ftr-433	80	13	types	type	NOUN
ftr-433	80	14	of	of	ADP
ftr-433	80	15	tax	tax	NOUN
ftr-433	80	16	bases	basis	NOUN
ftr-433	80	17	,	,	PUNCT
ftr-433	80	18	see	see	VERB
ftr-433	80	19	u.s	u.s	PROPN
ftr-433	80	20	.	.	PROPN
ftr-433	80	21	dep’t	dep’t	NOUN
ftr-433	80	22	of	of	ADP
ftr-433	80	23	the	the	DET
ftr-433	80	24	treasury	treasury	NOUN
ftr-433	80	25	,	,	PUNCT
ftr-433	80	26	blueprints	blueprint	NOUN
ftr-433	80	27	for	for	ADP
ftr-433	80	28	basic	basic	ADJ
ftr-433	80	29	tax	tax	NOUN
ftr-433	80	30	reform	reform	NOUN
ftr-433	80	31	(	(	PUNCT
ftr-433	80	32	1977	1977	NUM
ftr-433	80	33	)	)	PUNCT
ftr-433	81	1	[	[	X
ftr-433	81	2	hereinafter	hereinafter	NOUN
ftr-433	81	3	blueprints	blueprint	NOUN
ftr-433	81	4	]	]	PUNCT
ftr-433	81	5	.	.	PUNCT
ftr-433	82	1	see	see	VERB
ftr-433	82	2	also	also	ADV
ftr-433	82	3	deborah	deborah	PROPN
ftr-433	82	4	schenk	schenk	PROPN
ftr-433	82	5	,	,	PUNCT
ftr-433	82	6	the	the	DET
ftr-433	82	7	plethora	plethora	NOUN
ftr-433	82	8	of	of	ADP
ftr-433	82	9	consumption	consumption	NOUN
ftr-433	82	10	tax	tax	NOUN
ftr-433	82	11	proposals	proposal	NOUN
ftr-433	82	12	:	:	PUNCT
ftr-433	82	13	putting	put	VERB
ftr-433	82	14	the	the	DET
ftr-433	82	15	value	value	NOUN
ftr-433	82	16	added	add	VERB
ftr-433	82	17	tax	tax	NOUN
ftr-433	82	18	,	,	PUNCT
ftr-433	82	19	flat	flat	ADJ
ftr-433	82	20	tax	tax	NOUN
ftr-433	82	21	,	,	PUNCT
ftr-433	82	22	retail	retail	ADJ
ftr-433	82	23	sales	sale	NOUN
ftr-433	82	24	tax	tax	NOUN
ftr-433	82	25	,	,	PUNCT
ftr-433	82	26	and	and	CCONJ
ftr-433	82	27	usa	usa	PROPN
ftr-433	82	28	tax	tax	NOUN
ftr-433	82	29	into	into	ADP
ftr-433	82	30	perspective	perspective	NOUN
ftr-433	82	31	,	,	PUNCT
ftr-433	82	32	33	33	NUM
ftr-433	82	33	san	san	PROPN
ftr-433	82	34	diego	diego	PROPN
ftr-433	82	35	l.	l.	PROPN
ftr-433	82	36	rev	rev	PROPN
ftr-433	82	37	.	.	PROPN
ftr-433	82	38	1281	1281	NUM
ftr-433	82	39	(	(	PUNCT
ftr-433	82	40	1996	1996	NUM
ftr-433	82	41	)	)	PUNCT
ftr-433	82	42	.	.	PUNCT
ftr-433	83	1	2	2	X
ftr-433	83	2	.	.	X
ftr-433	83	3	this	this	DET
ftr-433	83	4	article	article	NOUN
ftr-433	83	5	consistently	consistently	ADV
ftr-433	83	6	uses	use	VERB
ftr-433	83	7	a	a	DET
ftr-433	83	8	calendar	calendar	NOUN
ftr-433	83	9	year	year	NOUN
ftr-433	83	10	as	as	ADP
ftr-433	83	11	the	the	DET
ftr-433	83	12	taxable	taxable	ADJ
ftr-433	83	13	period	period	NOUN
ftr-433	83	14	regardless	regardless	ADV
ftr-433	83	15	of	of	ADP
ftr-433	83	16	the	the	DET
ftr-433	83	17	tax	tax	NOUN
ftr-433	83	18	base	base	NOUN
ftr-433	83	19	under	under	ADP
ftr-433	83	20	discussion	discussion	NOUN
ftr-433	83	21	.	.	PUNCT
ftr-433	84	1	cf	cf	NOUN
ftr-433	84	2	.	.	PUNCT
ftr-433	85	1	jeff	jeff	PROPN
ftr-433	85	2	strnad	strnad	PROPN
ftr-433	85	3	,	,	PUNCT
ftr-433	85	4	perodicity	perodicity	NOUN
ftr-433	85	5	and	and	CCONJ
ftr-433	85	6	accretion	accretion	NOUN
ftr-433	85	7	taxation	taxation	NOUN
ftr-433	85	8	:	:	PUNCT
ftr-433	85	9	norms	norm	NOUN
ftr-433	85	10	and	and	CCONJ
ftr-433	85	11	implementation	implementation	NOUN
ftr-433	85	12	,	,	PUNCT
ftr-433	85	13	99	99	NUM
ftr-433	85	14	yale	yale	PROPN
ftr-433	85	15	l.j	l.j	PROPN
ftr-433	85	16	.	.	PROPN
ftr-433	85	17	1817	1817	NUM
ftr-433	85	18	,	,	PUNCT
ftr-433	85	19	1820	1820	NUM
ftr-433	85	20	(	(	PUNCT
ftr-433	85	21	1990	1990	NUM
ftr-433	85	22	)	)	PUNCT
ftr-433	85	23	(	(	PUNCT
ftr-433	85	24	emphasizing	emphasize	VERB
ftr-433	85	25	the	the	DET
ftr-433	85	26	importance	importance	NOUN
ftr-433	85	27	of	of	ADP
ftr-433	85	28	defining	define	VERB
ftr-433	85	29	the	the	DET
ftr-433	85	30	appropriate	appropriate	ADJ
ftr-433	85	31	period	period	NOUN
ftr-433	85	32	to	to	ADP
ftr-433	85	33	the	the	DET
ftr-433	85	34	structure	structure	NOUN
ftr-433	85	35	of	of	ADP
ftr-433	85	36	an	an	DET
ftr-433	85	37	income	income	NOUN
ftr-433	85	38	tax	tax	NOUN
ftr-433	85	39	)	)	PUNCT
ftr-433	85	40	.	.	PUNCT
ftr-433	86	1	3	3	X
ftr-433	86	2	.	.	X
ftr-433	86	3	see	see	PROPN
ftr-433	86	4	thomas	thomas	PROPN
ftr-433	86	5	l.	l.	PROPN
ftr-433	86	6	evans	evans	PROPN
ftr-433	86	7	,	,	PUNCT
ftr-433	86	8	the	the	DET
ftr-433	86	9	taxation	taxation	NOUN
ftr-433	86	10	of	of	ADP
ftr-433	86	11	multi	multi	ADJ
ftr-433	86	12	-	-	ADJ
ftr-433	86	13	period	period	NOUN
ftr-433	86	14	projects	project	NOUN
ftr-433	86	15	:	:	PUNCT
ftr-433	86	16	an	an	DET
ftr-433	86	17	analysis	analysis	NOUN
ftr-433	86	18	of	of	ADP
ftr-433	86	19	competing	compete	VERB
ftr-433	86	20	models	model	NOUN
ftr-433	86	21	,	,	PUNCT
ftr-433	86	22	69	69	NUM
ftr-433	86	23	tex	tex	PROPN
ftr-433	86	24	.	.	PROPN
ftr-433	86	25	l.	l.	PROPN
ftr-433	86	26	rev	rev	PROPN
ftr-433	86	27	.	.	PROPN
ftr-433	86	28	1109	1109	NUM
ftr-433	86	29	,	,	PUNCT
ftr-433	86	30	1111	1111	NUM
ftr-433	86	31	(	(	PUNCT
ftr-433	86	32	1991	1991	NUM
ftr-433	86	33	)	)	PUNCT
ftr-433	86	34	.	.	PUNCT
ftr-433	87	1	see	see	VERB
ftr-433	87	2	also	also	ADV
ftr-433	87	3	brown	brown	PROPN
ftr-433	87	4	&	&	CCONJ
ftr-433	87	5	bulow	bulow	PROPN
ftr-433	87	6	,	,	PUNCT
ftr-433	87	7	the	the	DET
ftr-433	87	8	definition	definition	NOUN
ftr-433	87	9	of	of	ADP
ftr-433	87	10	taxable	taxable	ADJ
ftr-433	87	11	business	business	NOUN
ftr-433	87	12	income	income	NOUN
ftr-433	87	13	,	,	PUNCT
ftr-433	87	14	in	in	ADP
ftr-433	87	15	comprehensive	comprehensive	ADJ
ftr-433	87	16	income	income	NOUN
ftr-433	87	17	taxation	taxation	NOUN
ftr-433	87	18	241	241	NUM
ftr-433	87	19	,	,	PUNCT
ftr-433	87	20	242	242	NUM
ftr-433	87	21	-	-	SYM
ftr-433	87	22	43	43	NUM
ftr-433	87	23	(	(	PUNCT
ftr-433	87	24	j.	j.	PROPN
ftr-433	87	25	pechman	pechman	PROPN
ftr-433	87	26	ed	ed	PROPN
ftr-433	87	27	.	.	PROPN
ftr-433	87	28	,	,	PUNCT
ftr-433	87	29	1977	1977	NUM
ftr-433	87	30	)	)	PUNCT
ftr-433	87	31	.	.	PUNCT
ftr-433	88	1	4	4	X
ftr-433	88	2	.	.	X
ftr-433	88	3	this	this	DET
ftr-433	88	4	convention	convention	NOUN
ftr-433	88	5	has	have	AUX
ftr-433	88	6	been	be	AUX
ftr-433	88	7	in	in	ADP
ftr-433	88	8	almost	almost	ADV
ftr-433	88	9	universal	universal	ADJ
ftr-433	88	10	use	use	NOUN
ftr-433	88	11	since	since	SCONJ
ftr-433	88	12	publication	publication	NOUN
ftr-433	88	13	of	of	ADP
ftr-433	88	14	andrews	andrews	PROPN
ftr-433	88	15	,	,	PUNCT
ftr-433	88	16	cash	cash	NOUN
ftr-433	88	17	flow	flow	NOUN
ftr-433	88	18	,	,	PUNCT
ftr-433	88	19	supra	supra	PROPN
ftr-433	88	20	note	note	NOUN
ftr-433	88	21	1	1	NUM
ftr-433	88	22	,	,	PUNCT
ftr-433	88	23	at	at	ADP
ftr-433	88	24	1113	1113	NUM
ftr-433	88	25	.	.	PUNCT
ftr-433	89	1	for	for	ADP
ftr-433	89	2	a	a	DET
ftr-433	89	3	proposal	proposal	NOUN
ftr-433	89	4	adopting	adopt	VERB
ftr-433	89	5	this	this	DET
ftr-433	89	6	convention	convention	NOUN
ftr-433	89	7	,	,	PUNCT
ftr-433	89	8	see	see	VERB
ftr-433	89	9	blueprints	blueprint	NOUN
ftr-433	89	10	,	,	PUNCT
ftr-433	89	11	supra	supra	PROPN
ftr-433	89	12	note	note	NOUN
ftr-433	89	13	1	1	NUM
ftr-433	89	14	,	,	PUNCT
ftr-433	89	15	at	at	ADP
ftr-433	89	16	111	111	NUM
ftr-433	89	17	,	,	PUNCT
ftr-433	89	18	113	113	NUM
ftr-433	89	19	-	-	SYM
ftr-433	89	20	15	15	NUM
ftr-433	89	21	,	,	PUNCT
ftr-433	89	22	130	130	NUM
ftr-433	89	23	.	.	NOUN
ftr-433	89	24	5	5	NUM
ftr-433	89	25	.	.	X
ftr-433	90	1	for	for	ADP
ftr-433	90	2	a	a	DET
ftr-433	90	3	description	description	NOUN
ftr-433	90	4	and	and	CCONJ
ftr-433	90	5	critique	critique	NOUN
ftr-433	90	6	of	of	ADP
ftr-433	90	7	the	the	DET
ftr-433	90	8	assumptions	assumption	NOUN
ftr-433	90	9	underlying	underlie	VERB
ftr-433	90	10	the	the	DET
ftr-433	90	11	“	"	PUNCT
ftr-433	90	12	mapping	mapping	NOUN
ftr-433	90	13	”	"	PUNCT
ftr-433	90	14	between	between	ADP
ftr-433	90	15	traditional	traditional	ADJ
ftr-433	90	16	tax	tax	NOUN
ftr-433	90	17	base	base	NOUN
ftr-433	90	18	accounting	accounting	NOUN
ftr-433	90	19	approaches	approach	NOUN
ftr-433	90	20	and	and	CCONJ
ftr-433	90	21	traditional	traditional	ADJ
ftr-433	90	22	structural	structural	ADJ
ftr-433	90	23	concepts	concept	NOUN
ftr-433	90	24	of	of	ADP
ftr-433	90	25	income	income	NOUN
ftr-433	90	26	and	and	CCONJ
ftr-433	90	27	consumption	consumption	NOUN
ftr-433	90	28	tax	tax	NOUN
ftr-433	90	29	bases	basis	NOUN
ftr-433	90	30	,	,	PUNCT
ftr-433	90	31	see	see	VERB
ftr-433	90	32	jeff	jeff	PROPN
ftr-433	90	33	strnad	strnad	PROPN
ftr-433	90	34	,	,	PUNCT
ftr-433	90	35	taxation	taxation	NOUN
ftr-433	90	36	of	of	ADP
ftr-433	90	37	income	income	NOUN
ftr-433	90	38	from	from	ADP
ftr-433	90	39	capital	capital	NOUN
ftr-433	90	40	:	:	PUNCT
ftr-433	90	41	a	a	DET
ftr-433	90	42	theoretical	theoretical	ADJ
ftr-433	90	43	reappraisal	reappraisal	NOUN
ftr-433	90	44	,	,	PUNCT
ftr-433	90	45	37	37	NUM
ftr-433	90	46	stan	stan	PROPN
ftr-433	90	47	.	.	PUNCT
ftr-433	91	1	l.	l.	PROPN
ftr-433	91	2	rev	rev	AUX
ftr-433	91	3	.	.	PROPN
ftr-433	91	4	1023	1023	NUM
ftr-433	91	5	(	(	PUNCT
ftr-433	91	6	1985	1985	NUM
ftr-433	91	7	)	)	PUNCT
ftr-433	91	8	(	(	PUNCT
ftr-433	91	9	arguing	argue	VERB
ftr-433	91	10	that	that	SCONJ
ftr-433	91	11	a	a	DET
ftr-433	91	12	cash	cash	NOUN
ftr-433	91	13	flow	flow	NOUN
ftr-433	91	14	income	income	NOUN
ftr-433	91	15	tax	tax	NOUN
ftr-433	91	16	base	base	NOUN
ftr-433	91	17	accounting	accounting	NOUN
ftr-433	91	18	method	method	NOUN
ftr-433	91	19	implements	implement	VERB
ftr-433	91	20	the	the	DET
ftr-433	91	21	haig	haig	PROPN
ftr-433	91	22	-	-	PUNCT
ftr-433	91	23	simon	simon	PROPN
ftr-433	91	24	income	income	PROPN
ftr-433	91	25	tax	tax	PROPN
ftr-433	91	26	base	base	PROPN
ftr-433	91	27	i.	i.	PROPN
ftr-433	91	28	introduction	introduction	NOUN
ftr-433	91	29	tax	tax	NOUN
ftr-433	91	30	policy	policy	NOUN
ftr-433	91	31	makers	maker	NOUN
ftr-433	91	32	and	and	CCONJ
ftr-433	91	33	academics	academic	NOUN
ftr-433	91	34	in	in	ADP
ftr-433	91	35	the	the	DET
ftr-433	91	36	united	united	PROPN
ftr-433	91	37	states	states	PROPN
ftr-433	91	38	traditionally	traditionally	ADV
ftr-433	91	39	focus	focus	VERB
ftr-433	91	40	on	on	ADP
ftr-433	91	41	tax	tax	NOUN
ftr-433	91	42	systems	system	NOUN
ftr-433	91	43	based	base	VERB
ftr-433	91	44	on	on	ADP
ftr-433	91	45	income	income	NOUN
ftr-433	91	46	and	and	CCONJ
ftr-433	91	47	consumption	consumption	NOUN
ftr-433	91	48	.	.	PUNCT
ftr-433	92	1	as	as	SCONJ
ftr-433	92	2	a	a	DET
ftr-433	92	3	necessary1	necessary1	NOUN
ftr-433	92	4	adjunct	adjunct	VERB
ftr-433	92	5	to	to	ADP
ftr-433	92	6	these	these	DET
ftr-433	92	7	fundamental	fundamental	ADJ
ftr-433	92	8	tax	tax	NOUN
ftr-433	92	9	base	base	NOUN
ftr-433	92	10	structural	structural	ADJ
ftr-433	92	11	principles	principle	NOUN
ftr-433	92	12	,	,	PUNCT
ftr-433	92	13	these	these	DET
ftr-433	92	14	commentators	commentator	NOUN
ftr-433	92	15	have	have	AUX
ftr-433	92	16	adopted	adopt	VERB
ftr-433	92	17	complementary	complementary	ADJ
ftr-433	92	18	accounting	accounting	NOUN
ftr-433	92	19	principles	principle	NOUN
ftr-433	92	20	in	in	ADP
ftr-433	92	21	order	order	NOUN
ftr-433	92	22	to	to	PART
ftr-433	92	23	identify	identify	VERB
ftr-433	92	24	and	and	CCONJ
ftr-433	92	25	compute	compute	VERB
ftr-433	92	26	the	the	DET
ftr-433	92	27	amounts	amount	NOUN
ftr-433	92	28	of	of	ADP
ftr-433	92	29	income	income	NOUN
ftr-433	92	30	and	and	CCONJ
ftr-433	92	31	consumption	consumption	NOUN
ftr-433	92	32	to	to	PART
ftr-433	92	33	be	be	AUX
ftr-433	92	34	taxed	tax	VERB
ftr-433	92	35	during	during	ADP
ftr-433	92	36	a	a	DET
ftr-433	92	37	designated	designate	VERB
ftr-433	92	38	taxable	taxable	ADJ
ftr-433	92	39	period	period	NOUN
ftr-433	92	40	.	.	PUNCT
ftr-433	93	1	for	for	ADP
ftr-433	93	2	example	example	NOUN
ftr-433	93	3	,	,	PUNCT
ftr-433	93	4	most	most	ADJ
ftr-433	93	5	economists	economist	NOUN
ftr-433	93	6	and	and	CCONJ
ftr-433	93	7	tax	tax	NOUN
ftr-433	93	8	policy2	policy2	PROPN
ftr-433	93	9	commentators	commentator	NOUN
ftr-433	93	10	assert	assert	VERB
ftr-433	93	11	that	that	SCONJ
ftr-433	93	12	an	an	DET
ftr-433	93	13	accretion	accretion	NOUN
ftr-433	93	14	-	-	PUNCT
ftr-433	93	15	measured	measure	VERB
ftr-433	93	16	income	income	NOUN
ftr-433	93	17	tax	tax	NOUN
ftr-433	93	18	comprehensively	comprehensively	ADV
ftr-433	93	19	and	and	CCONJ
ftr-433	93	20	accurately	accurately	ADV
ftr-433	93	21	measures	measure	VERB
ftr-433	93	22	economic	economic	ADJ
ftr-433	93	23	income	income	NOUN
ftr-433	93	24	.	.	PUNCT
ftr-433	94	1	most	most	ADJ
ftr-433	94	2	commentators	commentator	NOUN
ftr-433	94	3	also	also	ADV
ftr-433	94	4	accept	accept	VERB
ftr-433	94	5	the3	the3	NOUN
ftr-433	94	6	proposition	proposition	NOUN
ftr-433	94	7	that	that	SCONJ
ftr-433	94	8	a	a	DET
ftr-433	94	9	tax	tax	NOUN
ftr-433	94	10	based	base	VERB
ftr-433	94	11	on	on	ADP
ftr-433	94	12	income	income	NOUN
ftr-433	94	13	but	but	CCONJ
ftr-433	94	14	measured	measure	VERB
ftr-433	94	15	only	only	ADV
ftr-433	94	16	by	by	ADP
ftr-433	94	17	cash	cash	NOUN
ftr-433	94	18	flows	flow	NOUN
ftr-433	94	19	(	(	PUNCT
ftr-433	94	20	a	a	DET
ftr-433	94	21	cash	cash	NOUN
ftr-433	94	22	flow	flow	NOUN
ftr-433	94	23	income	income	NOUN
ftr-433	94	24	tax	tax	NOUN
ftr-433	94	25	)	)	PUNCT
ftr-433	94	26	is	be	AUX
ftr-433	94	27	a	a	DET
ftr-433	94	28	practical	practical	ADJ
ftr-433	94	29	surrogate	surrogate	NOUN
ftr-433	94	30	for	for	ADP
ftr-433	94	31	a	a	DET
ftr-433	94	32	theoretical	theoretical	ADJ
ftr-433	94	33	consumption	consumption	NOUN
ftr-433	94	34	tax.4	tax.4	NOUN
ftr-433	94	35	following	follow	VERB
ftr-433	94	36	these	these	DET
ftr-433	94	37	traditions	tradition	NOUN
ftr-433	94	38	,	,	PUNCT
ftr-433	94	39	this	this	DET
ftr-433	94	40	article	article	NOUN
ftr-433	94	41	assumes	assume	VERB
ftr-433	94	42	that	that	SCONJ
ftr-433	94	43	an	an	DET
ftr-433	94	44	accretion	accretion	NOUN
ftr-433	94	45	-	-	PUNCT
ftr-433	94	46	measured	measure	VERB
ftr-433	94	47	income	income	NOUN
ftr-433	94	48	tax	tax	NOUN
ftr-433	94	49	(	(	PUNCT
ftr-433	94	50	amit	amit	PROPN
ftr-433	94	51	)	)	PUNCT
ftr-433	94	52	,	,	PUNCT
ftr-433	94	53	and	and	CCONJ
ftr-433	94	54	a	a	DET
ftr-433	94	55	cash	cash	NOUN
ftr-433	94	56	-	-	PUNCT
ftr-433	94	57	flow	flow	NOUN
ftr-433	94	58	measured	measure	VERB
ftr-433	94	59	income	income	NOUN
ftr-433	94	60	tax	tax	NOUN
ftr-433	94	61	(	(	PUNCT
ftr-433	94	62	cfit	cfit	NOUN
ftr-433	94	63	)	)	PUNCT
ftr-433	94	64	are	be	AUX
ftr-433	94	65	pure	pure	ADJ
ftr-433	94	66	tax	tax	NOUN
ftr-433	94	67	base	base	NOUN
ftr-433	94	68	paradigms	paradigm	VERB
ftr-433	94	69	in	in	ADP
ftr-433	94	70	which	which	PRON
ftr-433	94	71	the	the	DET
ftr-433	94	72	paired	pair	VERB
ftr-433	94	73	tax	tax	NOUN
ftr-433	94	74	base	base	NOUN
ftr-433	94	75	structural	structural	ADJ
ftr-433	94	76	and	and	CCONJ
ftr-433	94	77	accounting	accounting	NOUN
ftr-433	94	78	principles	principle	NOUN
ftr-433	94	79	theoretically	theoretically	ADV
ftr-433	94	80	complement	complement	VERB
ftr-433	94	81	each	each	DET
ftr-433	94	82	other.5	other.5	NOUN
ftr-433	94	83	470	470	NUM
ftr-433	95	1	florida	florida	PROPN
ftr-433	95	2	tax	tax	NOUN
ftr-433	95	3	review	review	NOUN
ftr-433	96	1	[	[	X
ftr-433	96	2	vol	vol	NOUN
ftr-433	96	3	.	.	PUNCT
ftr-433	96	4	5:7	5:7	NUM
ftr-433	96	5	structural	structural	ADJ
ftr-433	96	6	ideal	ideal	NOUN
ftr-433	96	7	more	more	ADV
ftr-433	96	8	correctly	correctly	ADV
ftr-433	96	9	than	than	ADP
ftr-433	96	10	traditional	traditional	ADJ
ftr-433	96	11	accretionary	accretionary	ADJ
ftr-433	96	12	income	income	NOUN
ftr-433	96	13	tax	tax	NOUN
ftr-433	96	14	base	base	NOUN
ftr-433	96	15	accounting	account	VERB
ftr-433	96	16	with	with	ADP
ftr-433	96	17	respect	respect	NOUN
ftr-433	96	18	to	to	ADP
ftr-433	96	19	the	the	DET
ftr-433	96	20	net	net	ADJ
ftr-433	96	21	present	present	ADJ
ftr-433	96	22	value	value	NOUN
ftr-433	96	23	of	of	ADP
ftr-433	96	24	investment	investment	NOUN
ftr-433	96	25	and	and	CCONJ
ftr-433	96	26	borrowing	borrowing	NOUN
ftr-433	96	27	transactions	transaction	NOUN
ftr-433	96	28	)	)	PUNCT
ftr-433	97	1	[	[	X
ftr-433	97	2	hereinafter	hereinafter	NOUN
ftr-433	97	3	strnad	strnad	NOUN
ftr-433	97	4	,	,	PUNCT
ftr-433	97	5	reappraisal	reappraisal	NOUN
ftr-433	97	6	]	]	PUNCT
ftr-433	97	7	.	.	PUNCT
ftr-433	98	1	for	for	ADP
ftr-433	98	2	criticism	criticism	NOUN
ftr-433	98	3	of	of	ADP
ftr-433	98	4	professor	professor	NOUN
ftr-433	98	5	strnad	strnad	PROPN
ftr-433	98	6	’s	’s	PART
ftr-433	98	7	methodology	methodology	NOUN
ftr-433	98	8	,	,	PUNCT
ftr-433	98	9	analysis	analysis	NOUN
ftr-433	98	10	or	or	CCONJ
ftr-433	98	11	conclusions	conclusion	NOUN
ftr-433	98	12	,	,	PUNCT
ftr-433	98	13	see	see	VERB
ftr-433	98	14	louis	louis	PROPN
ftr-433	98	15	kaplow	kaplow	PROPN
ftr-433	98	16	&	&	CCONJ
ftr-433	98	17	alvin	alvin	PROPN
ftr-433	98	18	c.	c.	PROPN
ftr-433	98	19	warren	warren	PROPN
ftr-433	98	20	,	,	PUNCT
ftr-433	98	21	jr	jr	PROPN
ftr-433	98	22	.	.	PROPN
ftr-433	98	23	,	,	PUNCT
ftr-433	98	24	an	an	DET
ftr-433	98	25	income	income	NOUN
ftr-433	98	26	tax	tax	NOUN
ftr-433	98	27	by	by	ADP
ftr-433	98	28	any	any	DET
ftr-433	98	29	other	other	ADJ
ftr-433	98	30	name	name	NOUN
ftr-433	98	31	–	–	PUNCT
ftr-433	98	32	a	a	DET
ftr-433	98	33	reply	reply	NOUN
ftr-433	98	34	to	to	ADP
ftr-433	98	35	professor	professor	NOUN
ftr-433	98	36	strnad	strnad	PROPN
ftr-433	98	37	,	,	PUNCT
ftr-433	98	38	38	38	NUM
ftr-433	98	39	stan	stan	PROPN
ftr-433	98	40	.	.	PUNCT
ftr-433	99	1	l.	l.	PROPN
ftr-433	99	2	rev	rev	PROPN
ftr-433	99	3	.	.	PROPN
ftr-433	99	4	399	399	NUM
ftr-433	99	5	(	(	PUNCT
ftr-433	99	6	1986	1986	NUM
ftr-433	99	7	)	)	PUNCT
ftr-433	99	8	;	;	PUNCT
ftr-433	99	9	william	william	PROPN
ftr-433	99	10	d.	d.	PROPN
ftr-433	99	11	popkin	popkin	PROPN
ftr-433	99	12	,	,	PUNCT
ftr-433	99	13	tax	tax	NOUN
ftr-433	99	14	ideals	ideal	NOUN
ftr-433	99	15	in	in	ADP
ftr-433	99	16	the	the	DET
ftr-433	99	17	real	real	ADJ
ftr-433	99	18	world	world	NOUN
ftr-433	99	19	:	:	PUNCT
ftr-433	99	20	a	a	DET
ftr-433	99	21	comment	comment	NOUN
ftr-433	99	22	on	on	ADP
ftr-433	99	23	professor	professor	NOUN
ftr-433	99	24	strnad	strnad	PROPN
ftr-433	99	25	’s	’s	PART
ftr-433	99	26	approach	approach	NOUN
ftr-433	99	27	to	to	ADP
ftr-433	99	28	tax	tax	NOUN
ftr-433	99	29	fairness	fairness	NOUN
ftr-433	99	30	,	,	PUNCT
ftr-433	99	31	62	62	NUM
ftr-433	99	32	ind	ind	NOUN
ftr-433	99	33	.	.	PUNCT
ftr-433	100	1	l.j	l.j	PROPN
ftr-433	100	2	.	.	PROPN
ftr-433	100	3	63	63	NUM
ftr-433	100	4	(	(	PUNCT
ftr-433	100	5	1986	1986	NUM
ftr-433	100	6	)	)	PUNCT
ftr-433	100	7	.	.	PUNCT
ftr-433	101	1	for	for	ADP
ftr-433	101	2	rebuttals	rebuttal	NOUN
ftr-433	101	3	of	of	ADP
ftr-433	101	4	those	those	DET
ftr-433	101	5	criticisms	criticism	NOUN
ftr-433	101	6	,	,	PUNCT
ftr-433	101	7	see	see	VERB
ftr-433	101	8	jeff	jeff	PROPN
ftr-433	101	9	strnad	strnad	PROPN
ftr-433	101	10	,	,	PUNCT
ftr-433	101	11	the	the	DET
ftr-433	101	12	bankruptcy	bankruptcy	NOUN
ftr-433	101	13	of	of	ADP
ftr-433	101	14	conventional	conventional	ADJ
ftr-433	101	15	tax	tax	NOUN
ftr-433	101	16	timing	timing	NOUN
ftr-433	101	17	wisdom	wisdom	NOUN
ftr-433	101	18	is	be	AUX
ftr-433	101	19	deeper	deep	ADJ
ftr-433	101	20	than	than	ADP
ftr-433	101	21	semantics	semantic	NOUN
ftr-433	101	22	:	:	PUNCT
ftr-433	101	23	a	a	DET
ftr-433	101	24	rejoinder	rejoinder	NOUN
ftr-433	101	25	to	to	ADP
ftr-433	101	26	professors	professor	NOUN
ftr-433	101	27	kaplow	kaplow	VERB
ftr-433	101	28	and	and	CCONJ
ftr-433	101	29	warren	warren	PROPN
ftr-433	101	30	,	,	PUNCT
ftr-433	101	31	39	39	NUM
ftr-433	101	32	stan	stan	PROPN
ftr-433	101	33	.	.	PUNCT
ftr-433	102	1	l.	l.	PROPN
ftr-433	102	2	rev	rev	PROPN
ftr-433	102	3	.	.	PROPN
ftr-433	102	4	389	389	NUM
ftr-433	102	5	(	(	PUNCT
ftr-433	102	6	1987	1987	NUM
ftr-433	102	7	)	)	PUNCT
ftr-433	102	8	;	;	PUNCT
ftr-433	102	9	jeff	jeff	PROPN
ftr-433	102	10	strnad	strnad	PROPN
ftr-433	102	11	,	,	PUNCT
ftr-433	102	12	tax	tax	NOUN
ftr-433	102	13	timing	timing	NOUN
ftr-433	102	14	and	and	CCONJ
ftr-433	102	15	the	the	DET
ftr-433	102	16	haig	haig	PROPN
ftr-433	102	17	-	-	PUNCT
ftr-433	102	18	simons	simon	NOUN
ftr-433	102	19	ideal	ideal	NOUN
ftr-433	102	20	:	:	PUNCT
ftr-433	102	21	a	a	DET
ftr-433	102	22	rejoinder	rejoinder	NOUN
ftr-433	102	23	to	to	ADP
ftr-433	102	24	professor	professor	NOUN
ftr-433	102	25	popkin	popkin	NOUN
ftr-433	102	26	,	,	PUNCT
ftr-433	102	27	62	62	NUM
ftr-433	102	28	ind	ind	NOUN
ftr-433	102	29	.	.	PUNCT
ftr-433	103	1	l.j	l.j	PROPN
ftr-433	103	2	.	.	PROPN
ftr-433	104	1	73	73	NUM
ftr-433	104	2	(	(	PUNCT
ftr-433	104	3	1986	1986	NUM
ftr-433	104	4	)	)	PUNCT
ftr-433	104	5	.	.	PUNCT
ftr-433	105	1	see	see	VERB
ftr-433	105	2	discussion	discussion	NOUN
ftr-433	105	3	at	at	ADP
ftr-433	105	4	infra	infra	NOUN
ftr-433	105	5	note	note	VERB
ftr-433	105	6	111	111	NUM
ftr-433	105	7	and	and	CCONJ
ftr-433	105	8	accompanying	accompany	VERB
ftr-433	105	9	text	text	NOUN
ftr-433	105	10	.	.	PUNCT
ftr-433	106	1	6	6	X
ftr-433	106	2	.	.	X
ftr-433	106	3	congress	congress	PROPN
ftr-433	106	4	has	have	AUX
ftr-433	106	5	enacted	enact	VERB
ftr-433	106	6	limited	limited	ADJ
ftr-433	106	7	exceptions	exception	NOUN
ftr-433	106	8	to	to	ADP
ftr-433	106	9	the	the	DET
ftr-433	106	10	non	non	ADJ
ftr-433	106	11	-	-	ADJ
ftr-433	106	12	accretion	accretion	ADJ
ftr-433	106	13	principle	principle	NOUN
ftr-433	106	14	in	in	ADP
ftr-433	106	15	recent	recent	ADJ
ftr-433	106	16	years	year	NOUN
ftr-433	106	17	in	in	ADP
ftr-433	106	18	the	the	DET
ftr-433	106	19	form	form	NOUN
ftr-433	106	20	of	of	ADP
ftr-433	106	21	“	"	PUNCT
ftr-433	106	22	mark	mark	VERB
ftr-433	106	23	-	-	PUNCT
ftr-433	106	24	to	to	ADP
ftr-433	106	25	-	-	PUNCT
ftr-433	106	26	market	market	NOUN
ftr-433	106	27	”	"	PUNCT
ftr-433	106	28	rules	rule	NOUN
ftr-433	106	29	which	which	PRON
ftr-433	106	30	require	require	VERB
ftr-433	106	31	certain	certain	ADJ
ftr-433	106	32	taxpayers	taxpayer	NOUN
ftr-433	106	33	to	to	PART
ftr-433	106	34	use	use	VERB
ftr-433	106	35	unrealized	unrealized	ADJ
ftr-433	106	36	gains	gain	NOUN
ftr-433	106	37	and	and	CCONJ
ftr-433	106	38	losses	loss	NOUN
ftr-433	106	39	in	in	ADP
ftr-433	106	40	computing	compute	VERB
ftr-433	106	41	taxable	taxable	ADJ
ftr-433	106	42	income	income	NOUN
ftr-433	106	43	.	.	PUNCT
ftr-433	107	1	see	see	VERB
ftr-433	107	2	irc	irc	PROPN
ftr-433	107	3	§	§	PROPN
ftr-433	107	4	§	§	PROPN
ftr-433	107	5	1256	1256	NUM
ftr-433	107	6	(	(	PUNCT
ftr-433	107	7	gains	gain	NOUN
ftr-433	107	8	and	and	CCONJ
ftr-433	107	9	losses	loss	NOUN
ftr-433	107	10	on	on	ADP
ftr-433	107	11	regulated	regulated	ADJ
ftr-433	107	12	futures	future	NOUN
ftr-433	107	13	,	,	PUNCT
ftr-433	107	14	foreign	foreign	ADJ
ftr-433	107	15	currency	currency	NOUN
ftr-433	107	16	,	,	PUNCT
ftr-433	107	17	and	and	CCONJ
ftr-433	107	18	other	other	ADJ
ftr-433	107	19	contracts	contract	NOUN
ftr-433	107	20	are	be	AUX
ftr-433	107	21	recognized	recognize	VERB
ftr-433	107	22	annually	annually	ADV
ftr-433	107	23	in	in	ADP
ftr-433	107	24	amounts	amount	NOUN
ftr-433	107	25	determined	determine	VERB
ftr-433	107	26	as	as	SCONJ
ftr-433	107	27	though	though	SCONJ
ftr-433	107	28	contracts	contract	NOUN
ftr-433	107	29	held	hold	VERB
ftr-433	107	30	on	on	ADP
ftr-433	107	31	the	the	DET
ftr-433	107	32	last	last	ADJ
ftr-433	107	33	day	day	NOUN
ftr-433	107	34	of	of	ADP
ftr-433	107	35	the	the	DET
ftr-433	107	36	taxable	taxable	ADJ
ftr-433	107	37	year	year	NOUN
ftr-433	107	38	were	be	AUX
ftr-433	107	39	sold	sell	VERB
ftr-433	107	40	at	at	ADP
ftr-433	107	41	their	their	PRON
ftr-433	107	42	fair	fair	ADJ
ftr-433	107	43	market	market	NOUN
ftr-433	107	44	value	value	NOUN
ftr-433	107	45	)	)	PUNCT
ftr-433	107	46	;	;	PUNCT
ftr-433	107	47	475	475	NUM
ftr-433	107	48	(	(	PUNCT
ftr-433	107	49	similar	similar	ADJ
ftr-433	107	50	rule	rule	NOUN
ftr-433	107	51	applied	apply	VERB
ftr-433	107	52	to	to	ADP
ftr-433	107	53	dealers	dealer	NOUN
ftr-433	107	54	in	in	ADP
ftr-433	107	55	securities	security	NOUN
ftr-433	107	56	)	)	PUNCT
ftr-433	107	57	.	.	PUNCT
ftr-433	108	1	see	see	VERB
ftr-433	108	2	generally	generally	ADV
ftr-433	108	3	,	,	PUNCT
ftr-433	108	4	edward	edward	PROPN
ftr-433	108	5	d.	d.	PROPN
ftr-433	108	6	kleinbard	kleinbard	PROPN
ftr-433	108	7	&	&	CCONJ
ftr-433	108	8	thomas	thomas	PROPN
ftr-433	108	9	l.	l.	PROPN
ftr-433	108	10	evans	evans	PROPN
ftr-433	108	11	,	,	PUNCT
ftr-433	108	12	the	the	DET
ftr-433	108	13	role	role	NOUN
ftr-433	108	14	of	of	ADP
ftr-433	108	15	markto	markto	NOUN
ftr-433	108	16	-	-	PUNCT
ftr-433	108	17	market	market	NOUN
ftr-433	108	18	accounting	accounting	NOUN
ftr-433	108	19	in	in	ADP
ftr-433	108	20	a	a	DET
ftr-433	108	21	realization	realization	NOUN
ftr-433	108	22	-	-	PUNCT
ftr-433	108	23	based	base	VERB
ftr-433	108	24	tax	tax	NOUN
ftr-433	108	25	system	system	NOUN
ftr-433	108	26	,	,	PUNCT
ftr-433	108	27	97	97	NUM
ftr-433	108	28	taxes	taxis	NOUN
ftr-433	108	29	788	788	NUM
ftr-433	108	30	(	(	PUNCT
ftr-433	108	31	1997	1997	NUM
ftr-433	108	32	)	)	PUNCT
ftr-433	108	33	;	;	PUNCT
ftr-433	108	34	david	david	PROPN
ftr-433	108	35	a.	a.	PROPN
ftr-433	108	36	weisbach	weisbach	PROPN
ftr-433	108	37	,	,	PUNCT
ftr-433	108	38	a	a	DET
ftr-433	108	39	partial	partial	ADJ
ftr-433	108	40	mark	mark	NOUN
ftr-433	108	41	-	-	PUNCT
ftr-433	108	42	to	to	ADP
ftr-433	108	43	-	-	PUNCT
ftr-433	108	44	market	market	NOUN
ftr-433	108	45	tax	tax	NOUN
ftr-433	108	46	system	system	NOUN
ftr-433	108	47	,	,	PUNCT
ftr-433	108	48	53	53	NUM
ftr-433	108	49	tax	tax	NOUN
ftr-433	108	50	l.	l.	PROPN
ftr-433	108	51	rev	rev	PROPN
ftr-433	108	52	.	.	PROPN
ftr-433	108	53	95	95	NUM
ftr-433	108	54	(	(	PUNCT
ftr-433	108	55	1999	1999	NUM
ftr-433	108	56	)	)	PUNCT
ftr-433	108	57	.	.	PUNCT
ftr-433	109	1	7	7	X
ftr-433	109	2	.	.	X
ftr-433	109	3	the	the	DET
ftr-433	109	4	u.s	u.s	PROPN
ftr-433	109	5	.	.	PROPN
ftr-433	109	6	income	income	NOUN
ftr-433	109	7	tax	tax	NOUN
ftr-433	109	8	allows	allow	VERB
ftr-433	109	9	the	the	DET
ftr-433	109	10	use	use	NOUN
ftr-433	109	11	of	of	ADP
ftr-433	109	12	both	both	CCONJ
ftr-433	109	13	the	the	DET
ftr-433	109	14	cash	cash	NOUN
ftr-433	109	15	and	and	CCONJ
ftr-433	109	16	accrual	accrual	ADJ
ftr-433	109	17	methods	method	NOUN
ftr-433	109	18	of	of	ADP
ftr-433	109	19	accounting	accounting	NOUN
ftr-433	109	20	as	as	ADP
ftr-433	109	21	a	a	DET
ftr-433	109	22	general	general	ADJ
ftr-433	109	23	rule	rule	NOUN
ftr-433	109	24	,	,	PUNCT
ftr-433	109	25	as	as	ADV
ftr-433	109	26	well	well	ADV
ftr-433	109	27	as	as	ADP
ftr-433	109	28	any	any	DET
ftr-433	109	29	other	other	ADJ
ftr-433	109	30	reasonable	reasonable	ADJ
ftr-433	109	31	method	method	NOUN
ftr-433	109	32	of	of	ADP
ftr-433	109	33	accounting	accounting	NOUN
ftr-433	109	34	that	that	PRON
ftr-433	109	35	clearly	clearly	ADV
ftr-433	109	36	reflects	reflect	VERB
ftr-433	109	37	income	income	NOUN
ftr-433	109	38	.	.	PUNCT
ftr-433	110	1	see	see	VERB
ftr-433	110	2	irc	irc	PROPN
ftr-433	110	3	§	§	PROPN
ftr-433	110	4	446	446	NUM
ftr-433	110	5	(	(	PUNCT
ftr-433	110	6	2000	2000	NUM
ftr-433	110	7	)	)	PUNCT
ftr-433	110	8	.	.	PUNCT
ftr-433	111	1	congress	congress	PROPN
ftr-433	111	2	only	only	ADV
ftr-433	111	3	mandates	mandate	VERB
ftr-433	111	4	the	the	DET
ftr-433	111	5	use	use	NOUN
ftr-433	111	6	of	of	ADP
ftr-433	111	7	the	the	DET
ftr-433	111	8	cash	cash	NOUN
ftr-433	111	9	accounting	accounting	NOUN
ftr-433	111	10	method	method	NOUN
ftr-433	111	11	in	in	ADP
ftr-433	111	12	certain	certain	ADJ
ftr-433	111	13	circumstances	circumstance	NOUN
ftr-433	111	14	where	where	SCONJ
ftr-433	111	15	the	the	DET
ftr-433	111	16	use	use	NOUN
ftr-433	111	17	of	of	ADP
ftr-433	111	18	the	the	DET
ftr-433	111	19	accrual	accrual	ADJ
ftr-433	111	20	method	method	NOUN
ftr-433	111	21	could	could	AUX
ftr-433	111	22	possibly	possibly	ADV
ftr-433	111	23	facilitate	facilitate	VERB
ftr-433	111	24	the	the	DET
ftr-433	111	25	operation	operation	NOUN
ftr-433	111	26	of	of	ADP
ftr-433	111	27	tax	tax	NOUN
ftr-433	111	28	shelters	shelter	NOUN
ftr-433	111	29	.	.	PUNCT
ftr-433	112	1	the	the	DET
ftr-433	112	2	u.s	u.s	PROPN
ftr-433	112	3	.	.	PROPN
ftr-433	112	4	income	income	PROPN
ftr-433	112	5	tax	tax	NOUN
ftr-433	112	6	base	base	NOUN
ftr-433	112	7	,	,	PUNCT
ftr-433	112	8	however	however	ADV
ftr-433	112	9	,	,	PUNCT
ftr-433	112	10	employs	employ	VERB
ftr-433	112	11	structural	structural	ADJ
ftr-433	112	12	and	and	CCONJ
ftr-433	112	13	accounting	accounting	NOUN
ftr-433	112	14	principles	principle	NOUN
ftr-433	112	15	that	that	PRON
ftr-433	112	16	differ	differ	VERB
ftr-433	112	17	from	from	ADP
ftr-433	112	18	both	both	CCONJ
ftr-433	112	19	the	the	DET
ftr-433	112	20	amit	amit	PROPN
ftr-433	112	21	and	and	CCONJ
ftr-433	112	22	cfit	cfit	NOUN
ftr-433	112	23	base	base	NOUN
ftr-433	112	24	paradigms	paradigm	NOUN
ftr-433	112	25	.	.	PUNCT
ftr-433	113	1	like	like	ADP
ftr-433	113	2	an	an	DET
ftr-433	113	3	amit	amit	NOUN
ftr-433	113	4	base	base	NOUN
ftr-433	113	5	,	,	PUNCT
ftr-433	113	6	the	the	DET
ftr-433	113	7	u.s	u.s	PROPN
ftr-433	113	8	.	.	PROPN
ftr-433	113	9	income	income	NOUN
ftr-433	113	10	tax	tax	NOUN
ftr-433	113	11	purports	purport	NOUN
ftr-433	113	12	to	to	PART
ftr-433	113	13	tax	tax	VERB
ftr-433	113	14	“	"	PUNCT
ftr-433	113	15	income	income	NOUN
ftr-433	113	16	”	"	PUNCT
ftr-433	113	17	as	as	SCONJ
ftr-433	113	18	opposed	oppose	VERB
ftr-433	113	19	to	to	ADP
ftr-433	113	20	“	"	PUNCT
ftr-433	113	21	consumption	consumption	NOUN
ftr-433	113	22	;	;	PUNCT
ftr-433	113	23	”	"	PUNCT
ftr-433	113	24	but	but	CCONJ
ftr-433	113	25	unlike	unlike	ADP
ftr-433	113	26	an	an	DET
ftr-433	113	27	amit	amit	NOUN
ftr-433	113	28	base	base	NOUN
ftr-433	113	29	,	,	PUNCT
ftr-433	113	30	it	it	PRON
ftr-433	113	31	does	do	VERB
ftr-433	113	32	not	not	PART
ftr-433	113	33	as	as	ADP
ftr-433	113	34	a	a	DET
ftr-433	113	35	general	general	ADJ
ftr-433	113	36	rule	rule	NOUN
ftr-433	113	37	employ	employ	NOUN
ftr-433	113	38	accretion	accretion	NOUN
ftr-433	113	39	accounting	account	VERB
ftr-433	113	40	in	in	ADP
ftr-433	113	41	order	order	NOUN
ftr-433	113	42	to	to	PART
ftr-433	113	43	measure	measure	VERB
ftr-433	113	44	“	"	PUNCT
ftr-433	113	45	income	income	NOUN
ftr-433	113	46	.	.	PUNCT
ftr-433	113	47	”	"	PUNCT
ftr-433	114	1	similarly	similarly	ADV
ftr-433	114	2	,	,	PUNCT
ftr-433	114	3	unlike	unlike	ADP
ftr-433	114	4	a	a	DET
ftr-433	114	5	tax	tax	NOUN
ftr-433	114	6	on6	on6	NOUN
ftr-433	114	7	consumption	consumption	NOUN
ftr-433	114	8	that	that	PRON
ftr-433	114	9	is	be	AUX
ftr-433	114	10	measured	measure	VERB
ftr-433	114	11	by	by	ADP
ftr-433	114	12	cash	cash	NOUN
ftr-433	114	13	flows	flow	NOUN
ftr-433	114	14	,	,	PUNCT
ftr-433	114	15	the	the	DET
ftr-433	114	16	u.s	u.s	PROPN
ftr-433	114	17	.	.	PROPN
ftr-433	114	18	income	income	NOUN
ftr-433	114	19	tax	tax	NOUN
ftr-433	114	20	is	be	AUX
ftr-433	114	21	not	not	PART
ftr-433	114	22	fundamentally	fundamentally	ADV
ftr-433	114	23	structured	structure	VERB
ftr-433	114	24	to	to	PART
ftr-433	114	25	tax	tax	NOUN
ftr-433	114	26	consumption	consumption	NOUN
ftr-433	114	27	;	;	PUNCT
ftr-433	114	28	nor	nor	CCONJ
ftr-433	114	29	does	do	AUX
ftr-433	114	30	it	it	PRON
ftr-433	114	31	use	use	VERB
ftr-433	114	32	cash	cash	NOUN
ftr-433	114	33	flow	flow	NOUN
ftr-433	114	34	accounting	accounting	NOUN
ftr-433	114	35	as	as	ADP
ftr-433	114	36	the	the	DET
ftr-433	114	37	primary	primary	ADJ
ftr-433	114	38	means	mean	NOUN
ftr-433	114	39	of	of	ADP
ftr-433	114	40	measuring	measure	VERB
ftr-433	114	41	the	the	DET
ftr-433	114	42	“	"	PUNCT
ftr-433	114	43	income	income	NOUN
ftr-433	114	44	”	"	PUNCT
ftr-433	114	45	that	that	PRON
ftr-433	114	46	it	it	PRON
ftr-433	114	47	taxes.7	taxes.7	VERB
ftr-433	114	48	with	with	ADP
ftr-433	114	49	respect	respect	NOUN
ftr-433	114	50	to	to	ADP
ftr-433	114	51	capital	capital	NOUN
ftr-433	114	52	income	income	NOUN
ftr-433	114	53	taxation	taxation	NOUN
ftr-433	114	54	in	in	ADP
ftr-433	114	55	general	general	ADJ
ftr-433	114	56	,	,	PUNCT
ftr-433	114	57	the	the	DET
ftr-433	114	58	u.s	u.s	PROPN
ftr-433	114	59	.	.	PROPN
ftr-433	114	60	income	income	PROPN
ftr-433	114	61	tax	tax	NOUN
ftr-433	114	62	base	base	NOUN
ftr-433	114	63	may	may	AUX
ftr-433	114	64	be	be	AUX
ftr-433	114	65	characterized	characterize	VERB
ftr-433	114	66	as	as	ADP
ftr-433	114	67	a	a	DET
ftr-433	114	68	realization	realization	NOUN
ftr-433	114	69	-	-	PUNCT
ftr-433	114	70	based	base	VERB
ftr-433	114	71	income	income	NOUN
ftr-433	114	72	tax	tax	NOUN
ftr-433	114	73	(	(	PUNCT
ftr-433	114	74	rbit	rbit	NOUN
ftr-433	114	75	)	)	PUNCT
ftr-433	114	76	because	because	SCONJ
ftr-433	114	77	it	it	PRON
ftr-433	114	78	uses	use	VERB
ftr-433	114	79	the	the	DET
ftr-433	114	80	principle	principle	NOUN
ftr-433	114	81	of	of	ADP
ftr-433	114	82	realization	realization	NOUN
ftr-433	114	83	to	to	PART
ftr-433	114	84	define	define	VERB
ftr-433	114	85	and	and	CCONJ
ftr-433	114	86	measure	measure	VERB
ftr-433	114	87	capital	capital	NOUN
ftr-433	114	88	income	income	NOUN
ftr-433	114	89	.	.	PUNCT
ftr-433	115	1	overall	overall	ADJ
ftr-433	115	2	,	,	PUNCT
ftr-433	115	3	three	three	NUM
ftr-433	115	4	major	major	ADJ
ftr-433	115	5	structural	structural	ADJ
ftr-433	115	6	and	and	CCONJ
ftr-433	115	7	accounting	accounting	NOUN
ftr-433	115	8	principles	principle	NOUN
ftr-433	115	9	distinguish	distinguish	VERB
ftr-433	115	10	a	a	DET
ftr-433	115	11	rbit	rbit	NOUN
ftr-433	115	12	from	from	ADP
ftr-433	115	13	either	either	CCONJ
ftr-433	115	14	the	the	DET
ftr-433	115	15	amit	amit	PROPN
ftr-433	115	16	or	or	CCONJ
ftr-433	115	17	cfit	cfit	NOUN
ftr-433	115	18	capital	capital	NOUN
ftr-433	115	19	income	income	NOUN
ftr-433	115	20	taxation	taxation	NOUN
ftr-433	115	21	paradigm	paradigm	NOUN
ftr-433	115	22	.	.	PUNCT
ftr-433	116	1	all	all	PRON
ftr-433	116	2	of	of	ADP
ftr-433	116	3	these	these	DET
ftr-433	116	4	principles	principle	NOUN
ftr-433	116	5	have	have	VERB
ftr-433	116	6	important	important	ADJ
ftr-433	116	7	capital	capital	NOUN
ftr-433	116	8	income	income	NOUN
ftr-433	116	9	taxation	taxation	NOUN
ftr-433	116	10	policy	policy	NOUN
ftr-433	116	11	implications	implication	NOUN
ftr-433	116	12	.	.	PUNCT
ftr-433	117	1	however	however	ADV
ftr-433	117	2	,	,	PUNCT
ftr-433	117	3	this	this	DET
ftr-433	117	4	article	article	NOUN
ftr-433	117	5	focuses	focus	VERB
ftr-433	117	6	on	on	ADP
ftr-433	117	7	those	those	DET
ftr-433	117	8	principles	principle	NOUN
ftr-433	117	9	in	in	ADP
ftr-433	117	10	the	the	DET
ftr-433	117	11	context	context	NOUN
ftr-433	117	12	of	of	ADP
ftr-433	117	13	short	short	ADV
ftr-433	117	14	-	-	PUNCT
ftr-433	117	15	lived	live	VERB
ftr-433	117	16	completely	completely	ADV
ftr-433	117	17	wasting	waste	VERB
ftr-433	117	18	income	income	NOUN
ftr-433	117	19	-	-	PUNCT
ftr-433	117	20	producing	produce	VERB
ftr-433	117	21	assets	asset	NOUN
ftr-433	117	22	because	because	SCONJ
ftr-433	117	23	their	their	PRON
ftr-433	117	24	application	application	NOUN
ftr-433	117	25	is	be	AUX
ftr-433	117	26	fairly	fairly	ADV
ftr-433	117	27	clear	clear	ADJ
ftr-433	117	28	in	in	ADP
ftr-433	117	29	this	this	DET
ftr-433	117	30	context	context	NOUN
ftr-433	117	31	.	.	PUNCT
ftr-433	118	1	in	in	ADP
ftr-433	118	2	addition	addition	NOUN
ftr-433	118	3	,	,	PUNCT
ftr-433	118	4	an	an	DET
ftr-433	118	5	analysis	analysis	NOUN
ftr-433	118	6	of	of	ADP
ftr-433	118	7	these	these	DET
ftr-433	118	8	assets	asset	NOUN
ftr-433	118	9	allows	allow	VERB
ftr-433	118	10	this	this	DET
ftr-433	118	11	article	article	NOUN
ftr-433	118	12	to	to	PART
ftr-433	118	13	highlight	highlight	VERB
ftr-433	118	14	and	and	CCONJ
ftr-433	118	15	isolate	isolate	VERB
ftr-433	118	16	the	the	DET
ftr-433	118	17	important	important	ADJ
ftr-433	118	18	issue	issue	NOUN
ftr-433	118	19	of	of	ADP
ftr-433	118	20	rbit	rbit	NOUN
ftr-433	118	21	cost	cost	NOUN
ftr-433	118	22	recovery	recovery	NOUN
ftr-433	118	23	policy	policy	NOUN
ftr-433	118	24	.	.	PUNCT
ftr-433	119	1	first	first	ADV
ftr-433	119	2	,	,	PUNCT
ftr-433	119	3	under	under	ADP
ftr-433	119	4	the	the	DET
ftr-433	119	5	realization	realization	NOUN
ftr-433	119	6	principle	principle	NOUN
ftr-433	119	7	per	per	ADP
ftr-433	119	8	se	se	X
ftr-433	119	9	,	,	PUNCT
ftr-433	119	10	the	the	DET
ftr-433	119	11	“	"	PUNCT
ftr-433	119	12	income	income	NOUN
ftr-433	119	13	”	"	PUNCT
ftr-433	119	14	that	that	PRON
ftr-433	119	15	a	a	DET
ftr-433	119	16	rbit	rbit	NOUN
ftr-433	119	17	base	base	NOUN
ftr-433	119	18	taxes	taxis	NOUN
ftr-433	119	19	,	,	PUNCT
ftr-433	119	20	does	do	AUX
ftr-433	119	21	not	not	PART
ftr-433	119	22	include	include	VERB
ftr-433	119	23	mere	mere	ADJ
ftr-433	119	24	increases	increase	NOUN
ftr-433	119	25	or	or	CCONJ
ftr-433	119	26	decreases	decrease	NOUN
ftr-433	119	27	in	in	ADP
ftr-433	119	28	wealth	wealth	NOUN
ftr-433	119	29	(	(	PUNCT
ftr-433	119	30	i.e.	i.e.	X
ftr-433	119	31	,	,	PUNCT
ftr-433	119	32	the	the	DET
ftr-433	119	33	net	net	ADJ
ftr-433	119	34	2002	2002	NUM
ftr-433	119	35	]	]	PUNCT
ftr-433	119	36	normative	normative	ADJ
ftr-433	119	37	capital	capital	NOUN
ftr-433	119	38	cost	cost	NOUN
ftr-433	119	39	recovery	recovery	NOUN
ftr-433	119	40	471	471	NUM
ftr-433	119	41	8	8	NUM
ftr-433	119	42	.	.	PUNCT
ftr-433	120	1	it	it	PRON
ftr-433	120	2	has	have	AUX
ftr-433	120	3	long	long	ADV
ftr-433	120	4	been	be	AUX
ftr-433	120	5	established	establish	VERB
ftr-433	120	6	that	that	SCONJ
ftr-433	120	7	gain	gain	NOUN
ftr-433	120	8	or	or	CCONJ
ftr-433	120	9	loss	loss	NOUN
ftr-433	120	10	in	in	ADP
ftr-433	120	11	the	the	DET
ftr-433	120	12	value	value	NOUN
ftr-433	120	13	of	of	ADP
ftr-433	120	14	property	property	NOUN
ftr-433	120	15	is	be	AUX
ftr-433	120	16	taken	take	VERB
ftr-433	120	17	into	into	ADP
ftr-433	120	18	account	account	NOUN
ftr-433	120	19	for	for	ADP
ftr-433	120	20	income	income	NOUN
ftr-433	120	21	tax	tax	NOUN
ftr-433	120	22	purposes	purpose	NOUN
ftr-433	120	23	only	only	ADV
ftr-433	120	24	if	if	SCONJ
ftr-433	120	25	and	and	CCONJ
ftr-433	120	26	when	when	SCONJ
ftr-433	120	27	the	the	DET
ftr-433	120	28	gain	gain	NOUN
ftr-433	120	29	or	or	CCONJ
ftr-433	120	30	loss	loss	NOUN
ftr-433	120	31	is	be	AUX
ftr-433	120	32	“	"	PUNCT
ftr-433	120	33	realized	realize	VERB
ftr-433	120	34	,	,	PUNCT
ftr-433	120	35	”	"	PUNCT
ftr-433	120	36	that	that	PRON
ftr-433	120	37	is	be	AUX
ftr-433	120	38	,	,	PUNCT
ftr-433	120	39	when	when	SCONJ
ftr-433	120	40	it	it	PRON
ftr-433	120	41	is	be	AUX
ftr-433	120	42	tied	tie	VERB
ftr-433	120	43	to	to	ADP
ftr-433	120	44	a	a	DET
ftr-433	120	45	realization	realization	NOUN
ftr-433	120	46	event	event	NOUN
ftr-433	120	47	,	,	PUNCT
ftr-433	120	48	such	such	ADJ
ftr-433	120	49	as	as	ADP
ftr-433	120	50	the	the	DET
ftr-433	120	51	sale	sale	NOUN
ftr-433	120	52	,	,	PUNCT
ftr-433	120	53	exchange	exchange	NOUN
ftr-433	120	54	or	or	CCONJ
ftr-433	120	55	other	other	ADJ
ftr-433	120	56	disposition	disposition	NOUN
ftr-433	120	57	of	of	ADP
ftr-433	120	58	the	the	DET
ftr-433	120	59	property	property	NOUN
ftr-433	120	60	.	.	PUNCT
ftr-433	121	1	mere	mere	ADJ
ftr-433	121	2	variation	variation	NOUN
ftr-433	121	3	in	in	ADP
ftr-433	121	4	value	value	NOUN
ftr-433	121	5	–	–	PUNCT
ftr-433	121	6	the	the	DET
ftr-433	121	7	routine	routine	ADJ
ftr-433	121	8	ups	up	NOUN
ftr-433	121	9	and	and	CCONJ
ftr-433	121	10	down	down	ADP
ftr-433	121	11	of	of	ADP
ftr-433	121	12	the	the	DET
ftr-433	121	13	marketplace	marketplace	NOUN
ftr-433	121	14	–	–	PUNCT
ftr-433	121	15	do	do	AUX
ftr-433	121	16	not	not	PART
ftr-433	121	17	in	in	ADP
ftr-433	121	18	themselves	themselves	PRON
ftr-433	121	19	have	have	VERB
ftr-433	121	20	income	income	NOUN
ftr-433	121	21	tax	tax	NOUN
ftr-433	121	22	consequences	consequence	NOUN
ftr-433	121	23	.	.	PUNCT
ftr-433	122	1	this	this	PRON
ftr-433	122	2	is	be	AUX
ftr-433	122	3	fundamental	fundamental	ADJ
ftr-433	122	4	in	in	ADP
ftr-433	122	5	income	income	NOUN
ftr-433	122	6	tax	tax	NOUN
ftr-433	122	7	law	law	NOUN
ftr-433	122	8	.	.	PUNCT
ftr-433	123	1	cottage	cottage	NOUN
ftr-433	123	2	savings	savings	PROPN
ftr-433	123	3	assn	assn	PROPN
ftr-433	123	4	.	.	PROPN
ftr-433	123	5	,	,	PUNCT
ftr-433	123	6	499	499	NUM
ftr-433	123	7	u.s	u.s	PROPN
ftr-433	123	8	.	.	PROPN
ftr-433	123	9	554	554	NUM
ftr-433	123	10	,	,	PUNCT
ftr-433	123	11	111	111	NUM
ftr-433	123	12	s.	s.	NOUN
ftr-433	123	13	ct	ct	PROPN
ftr-433	123	14	1519	1519	NUM
ftr-433	123	15	,	,	PUNCT
ftr-433	123	16	1520	1520	NUM
ftr-433	123	17	(	(	PUNCT
ftr-433	123	18	1991	1991	NUM
ftr-433	123	19	)	)	PUNCT
ftr-433	123	20	(	(	PUNCT
ftr-433	123	21	blackmun	blackmun	VERB
ftr-433	123	22	,	,	PUNCT
ftr-433	123	23	j.	j.	PROPN
ftr-433	123	24	,	,	PUNCT
ftr-433	123	25	dissenting	dissent	VERB
ftr-433	123	26	)	)	PUNCT
ftr-433	123	27	.	.	PUNCT
ftr-433	123	28	,	,	PUNCT
ftr-433	123	29	cf	cf	X
ftr-433	123	30	.	.	PUNCT
ftr-433	124	1	supra	supra	PROPN
ftr-433	124	2	note	note	PROPN
ftr-433	124	3	6	6	NUM
ftr-433	124	4	.	.	NOUN
ftr-433	124	5	9	9	NUM
ftr-433	124	6	.	.	X
ftr-433	124	7	regs	reg	NOUN
ftr-433	124	8	.	.	PUNCT
ftr-433	125	1	§	§	PROPN
ftr-433	125	2	1.1001	1.1001	NUM
ftr-433	125	3	-	-	PUNCT
ftr-433	125	4	1(a	1(a	NUM
ftr-433	125	5	)	)	PUNCT
ftr-433	125	6	.	.	PUNCT
ftr-433	126	1	the	the	DET
ftr-433	126	2	u.s	u.s	PROPN
ftr-433	126	3	.	.	PROPN
ftr-433	126	4	supreme	supreme	PROPN
ftr-433	126	5	court	court	PROPN
ftr-433	126	6	decided	decide	VERB
ftr-433	126	7	in	in	ADP
ftr-433	126	8	1991	1991	NUM
ftr-433	126	9	that	that	SCONJ
ftr-433	126	10	a	a	DET
ftr-433	126	11	swap	swap	NOUN
ftr-433	126	12	of	of	ADP
ftr-433	126	13	functionally	functionally	ADV
ftr-433	126	14	identical	identical	ADJ
ftr-433	126	15	mortgage	mortgage	NOUN
ftr-433	126	16	pools	pool	NOUN
ftr-433	126	17	between	between	ADP
ftr-433	126	18	institutions	institution	NOUN
ftr-433	126	19	met	meet	VERB
ftr-433	126	20	the	the	DET
ftr-433	126	21	standard	standard	NOUN
ftr-433	126	22	under	under	ADP
ftr-433	126	23	this	this	DET
ftr-433	126	24	regulation	regulation	NOUN
ftr-433	126	25	.	.	PUNCT
ftr-433	127	1	see	see	VERB
ftr-433	127	2	cottage	cottage	NOUN
ftr-433	127	3	sav	sav	NOUN
ftr-433	127	4	.	.	PUNCT
ftr-433	128	1	ass’n	ass’n	PROPN
ftr-433	128	2	v.	v.	ADP
ftr-433	128	3	commissioner	commissioner	NOUN
ftr-433	128	4	,	,	PUNCT
ftr-433	128	5	499	499	NUM
ftr-433	128	6	u.s	u.s	PROPN
ftr-433	128	7	.	.	PROPN
ftr-433	128	8	554	554	NUM
ftr-433	128	9	,	,	PUNCT
ftr-433	128	10	556	556	NUM
ftr-433	128	11	(	(	PUNCT
ftr-433	128	12	1991	1991	NUM
ftr-433	128	13	)	)	PUNCT
ftr-433	128	14	.	.	PUNCT
ftr-433	129	1	because	because	SCONJ
ftr-433	129	2	of	of	ADP
ftr-433	129	3	intervening	intervene	VERB
ftr-433	129	4	increases	increase	NOUN
ftr-433	129	5	in	in	ADP
ftr-433	129	6	interest	interest	NOUN
ftr-433	129	7	rates	rate	NOUN
ftr-433	129	8	,	,	PUNCT
ftr-433	129	9	both	both	DET
ftr-433	129	10	parties	party	NOUN
ftr-433	129	11	deducted	deduct	VERB
ftr-433	129	12	losses	loss	NOUN
ftr-433	129	13	on	on	ADP
ftr-433	129	14	the	the	DET
ftr-433	129	15	exchange	exchange	NOUN
ftr-433	129	16	.	.	PUNCT
ftr-433	130	1	five	five	NUM
ftr-433	130	2	years	year	NOUN
ftr-433	130	3	later	later	ADV
ftr-433	130	4	,	,	PUNCT
ftr-433	130	5	the	the	DET
ftr-433	130	6	treasury	treasury	PROPN
ftr-433	130	7	department	department	PROPN
ftr-433	130	8	issued	issue	VERB
ftr-433	130	9	new	new	ADJ
ftr-433	130	10	regulations	regulation	NOUN
ftr-433	130	11	classifying	classify	VERB
ftr-433	130	12	“	"	PUNCT
ftr-433	130	13	debt	debt	NOUN
ftr-433	130	14	modifications	modification	NOUN
ftr-433	130	15	”	"	PUNCT
ftr-433	130	16	as	as	ADP
ftr-433	130	17	realization	realization	NOUN
ftr-433	130	18	events	event	NOUN
ftr-433	130	19	only	only	ADV
ftr-433	130	20	if	if	SCONJ
ftr-433	130	21	those	those	DET
ftr-433	130	22	modifications	modification	NOUN
ftr-433	130	23	were	be	AUX
ftr-433	130	24	“	"	PUNCT
ftr-433	130	25	significant	significant	ADJ
ftr-433	130	26	.	.	PUNCT
ftr-433	130	27	”	"	PUNCT
ftr-433	131	1	see	see	VERB
ftr-433	131	2	regs	reg	NOUN
ftr-433	131	3	.	.	PUNCT
ftr-433	132	1	§	§	PROPN
ftr-433	132	2	1.1001	1.1001	NUM
ftr-433	132	3	-	-	SYM
ftr-433	132	4	3	3	NUM
ftr-433	132	5	.	.	NOUN
ftr-433	132	6	10	10	NUM
ftr-433	132	7	.	.	PUNCT
ftr-433	133	1	the	the	DET
ftr-433	133	2	term	term	NOUN
ftr-433	133	3	capital	capital	NOUN
ftr-433	133	4	is	be	AUX
ftr-433	133	5	used	use	VERB
ftr-433	133	6	here	here	ADV
ftr-433	133	7	to	to	PART
ftr-433	133	8	describe	describe	VERB
ftr-433	133	9	the	the	DET
ftr-433	133	10	amounts	amount	NOUN
ftr-433	133	11	available	available	ADJ
ftr-433	133	12	to	to	PART
ftr-433	133	13	rbit	rbit	VERB
ftr-433	133	14	base	base	NOUN
ftr-433	133	15	taxpayers	taxpayer	NOUN
ftr-433	133	16	after	after	SCONJ
ftr-433	133	17	tax	tax	NOUN
ftr-433	133	18	has	have	AUX
ftr-433	133	19	been	be	AUX
ftr-433	133	20	paid	pay	VERB
ftr-433	133	21	on	on	ADP
ftr-433	133	22	all	all	DET
ftr-433	133	23	concurrent	concurrent	ADJ
ftr-433	133	24	realized	realize	VERB
ftr-433	133	25	income	income	NOUN
ftr-433	133	26	.	.	PUNCT
ftr-433	134	1	this	this	PRON
ftr-433	134	2	is	be	AUX
ftr-433	134	3	a	a	DET
ftr-433	134	4	critical	critical	ADJ
ftr-433	134	5	issue	issue	NOUN
ftr-433	134	6	in	in	ADP
ftr-433	134	7	this	this	DET
ftr-433	134	8	article	article	NOUN
ftr-433	134	9	.	.	PUNCT
ftr-433	135	1	in	in	ADP
ftr-433	135	2	the	the	DET
ftr-433	135	3	real	real	ADJ
ftr-433	135	4	world	world	NOUN
ftr-433	135	5	,	,	PUNCT
ftr-433	135	6	of	of	ADP
ftr-433	135	7	course	course	NOUN
ftr-433	135	8	,	,	PUNCT
ftr-433	135	9	all	all	PRON
ftr-433	135	10	rbit	rbit	VERB
ftr-433	135	11	base	base	NOUN
ftr-433	135	12	investment	investment	NOUN
ftr-433	135	13	,	,	PUNCT
ftr-433	135	14	even	even	ADV
ftr-433	135	15	earnings	earning	NOUN
ftr-433	135	16	-	-	PUNCT
ftr-433	135	17	financed	finance	VERB
ftr-433	135	18	investment	investment	NOUN
ftr-433	135	19	,	,	PUNCT
ftr-433	135	20	is	be	AUX
ftr-433	135	21	not	not	PART
ftr-433	135	22	necessarily	necessarily	ADV
ftr-433	135	23	financed	finance	VERB
ftr-433	135	24	from	from	ADP
ftr-433	135	25	capital	capital	NOUN
ftr-433	135	26	.	.	PUNCT
ftr-433	136	1	however	however	ADV
ftr-433	136	2	,	,	PUNCT
ftr-433	136	3	capital	capital	NOUN
ftr-433	136	4	is	be	AUX
ftr-433	136	5	a	a	DET
ftr-433	136	6	normative	normative	ADJ
ftr-433	136	7	rbit	rbit	NOUN
ftr-433	136	8	base	base	NOUN
ftr-433	136	9	structural	structural	ADJ
ftr-433	136	10	principle	principle	NOUN
ftr-433	136	11	,	,	PUNCT
ftr-433	136	12	and	and	CCONJ
ftr-433	136	13	,	,	PUNCT
ftr-433	136	14	with	with	ADP
ftr-433	136	15	realization	realization	NOUN
ftr-433	136	16	,	,	PUNCT
ftr-433	136	17	is	be	AUX
ftr-433	136	18	one	one	NUM
ftr-433	136	19	of	of	ADP
ftr-433	136	20	the	the	DET
ftr-433	136	21	structural	structural	ADJ
ftr-433	136	22	principles	principle	NOUN
ftr-433	136	23	that	that	PRON
ftr-433	136	24	most	most	ADV
ftr-433	136	25	distinguishes	distinguish	VERB
ftr-433	136	26	a	a	DET
ftr-433	136	27	rbit	rbit	NOUN
ftr-433	136	28	from	from	ADP
ftr-433	136	29	an	an	DET
ftr-433	136	30	amit	amit	NOUN
ftr-433	136	31	or	or	CCONJ
ftr-433	136	32	cfit	cfit	NOUN
ftr-433	136	33	base	base	NOUN
ftr-433	136	34	.	.	PUNCT
ftr-433	137	1	therefore	therefore	ADV
ftr-433	137	2	,	,	PUNCT
ftr-433	137	3	this	this	DET
ftr-433	137	4	article	article	NOUN
ftr-433	137	5	assumes	assume	VERB
ftr-433	137	6	that	that	SCONJ
ftr-433	137	7	an	an	DET
ftr-433	137	8	analysis	analysis	NOUN
ftr-433	137	9	of	of	ADP
ftr-433	137	10	normative	normative	ADJ
ftr-433	137	11	cost	cost	NOUN
ftr-433	137	12	recovery	recovery	NOUN
ftr-433	137	13	policy	policy	NOUN
ftr-433	137	14	should	should	AUX
ftr-433	137	15	begin	begin	VERB
ftr-433	137	16	in	in	ADP
ftr-433	137	17	and	and	CCONJ
ftr-433	137	18	with	with	ADP
ftr-433	137	19	the	the	DET
ftr-433	137	20	economic	economic	ADJ
ftr-433	137	21	context	context	NOUN
ftr-433	137	22	of	of	ADP
ftr-433	137	23	capital	capital	NOUN
ftr-433	137	24	-	-	PUNCT
ftr-433	137	25	financed	finance	VERB
ftr-433	137	26	investment	investment	NOUN
ftr-433	137	27	.	.	PUNCT
ftr-433	138	1	value	value	NOUN
ftr-433	138	2	of	of	ADP
ftr-433	138	3	taxpayer	taxpayer	NOUN
ftr-433	138	4	assets	asset	NOUN
ftr-433	138	5	)	)	PUNCT
ftr-433	138	6	.	.	PUNCT
ftr-433	139	1	instead	instead	ADV
ftr-433	139	2	,	,	PUNCT
ftr-433	139	3	such	such	ADJ
ftr-433	139	4	increases	increase	NOUN
ftr-433	139	5	and	and	CCONJ
ftr-433	139	6	decreases	decrease	NOUN
ftr-433	139	7	in	in	ADP
ftr-433	139	8	value	value	NOUN
ftr-433	139	9	enter8	enter8	NOUN
ftr-433	139	10	the	the	DET
ftr-433	139	11	tax	tax	NOUN
ftr-433	139	12	base	base	NOUN
ftr-433	139	13	only	only	ADV
ftr-433	139	14	when	when	SCONJ
ftr-433	139	15	“	"	PUNCT
ftr-433	139	16	realized	realize	VERB
ftr-433	139	17	”	"	PUNCT
ftr-433	139	18	by	by	ADP
ftr-433	139	19	conversion	conversion	NOUN
ftr-433	139	20	of	of	ADP
ftr-433	139	21	those	those	DET
ftr-433	139	22	assets	asset	NOUN
ftr-433	139	23	into	into	ADP
ftr-433	139	24	money	money	NOUN
ftr-433	139	25	or	or	CCONJ
ftr-433	139	26	other	other	ADJ
ftr-433	139	27	assets	asset	NOUN
ftr-433	139	28	differing	differ	VERB
ftr-433	139	29	materially	materially	ADV
ftr-433	139	30	either	either	CCONJ
ftr-433	139	31	in	in	ADP
ftr-433	139	32	kind	kind	NOUN
ftr-433	139	33	or	or	CCONJ
ftr-433	139	34	extent	extent	NOUN
ftr-433	139	35	from	from	ADP
ftr-433	139	36	the	the	DET
ftr-433	139	37	asset	asset	NOUN
ftr-433	139	38	converted.9	converted.9	PROPN
ftr-433	139	39	second	second	NOUN
ftr-433	139	40	,	,	PUNCT
ftr-433	139	41	because	because	SCONJ
ftr-433	139	42	a	a	DET
ftr-433	139	43	rbit	rbit	NOUN
ftr-433	139	44	(	(	PUNCT
ftr-433	139	45	like	like	ADP
ftr-433	139	46	an	an	DET
ftr-433	139	47	amit	amit	NOUN
ftr-433	139	48	)	)	PUNCT
ftr-433	139	49	taxes	taxis	NOUN
ftr-433	139	50	earnings	earning	NOUN
ftr-433	139	51	even	even	ADV
ftr-433	139	52	if	if	SCONJ
ftr-433	139	53	they	they	PRON
ftr-433	139	54	are	be	AUX
ftr-433	139	55	invested	invest	VERB
ftr-433	139	56	,	,	PUNCT
ftr-433	139	57	in	in	ADP
ftr-433	139	58	theory	theory	NOUN
ftr-433	139	59	earnings	earning	NOUN
ftr-433	139	60	-	-	PUNCT
ftr-433	139	61	financed	finance	VERB
ftr-433	139	62	investment	investment	NOUN
ftr-433	139	63	should	should	AUX
ftr-433	139	64	only	only	ADV
ftr-433	139	65	be	be	AUX
ftr-433	139	66	made	make	VERB
ftr-433	139	67	with	with	ADP
ftr-433	139	68	after	after	ADP
ftr-433	139	69	-	-	PUNCT
ftr-433	139	70	tax	tax	NOUN
ftr-433	139	71	dollars	dollar	NOUN
ftr-433	139	72	or	or	CCONJ
ftr-433	139	73	“	"	PUNCT
ftr-433	139	74	capital	capital	NOUN
ftr-433	139	75	”	"	PUNCT
ftr-433	139	76	in	in	ADP
ftr-433	139	77	the	the	DET
ftr-433	139	78	tax	tax	NOUN
ftr-433	139	79	sense	sense	NOUN
ftr-433	139	80	of	of	ADP
ftr-433	139	81	the	the	DET
ftr-433	139	82	word	word	NOUN
ftr-433	139	83	.	.	PUNCT
ftr-433	140	1	this	this	DET
ftr-433	140	2	article	article	NOUN
ftr-433	140	3	calls	call	VERB
ftr-433	140	4	this10	this10	NOUN
ftr-433	140	5	the	the	DET
ftr-433	140	6	capital	capital	NOUN
ftr-433	140	7	formation	formation	NOUN
ftr-433	140	8	principle	principle	NOUN
ftr-433	140	9	.	.	PUNCT
ftr-433	141	1	the	the	DET
ftr-433	141	2	realization	realization	NOUN
ftr-433	141	3	principle	principle	NOUN
ftr-433	141	4	and	and	CCONJ
ftr-433	141	5	the	the	DET
ftr-433	141	6	capital	capital	NOUN
ftr-433	141	7	formation	formation	NOUN
ftr-433	141	8	principle	principle	NOUN
ftr-433	141	9	interact	interact	VERB
ftr-433	141	10	in	in	ADP
ftr-433	141	11	the	the	DET
ftr-433	141	12	following	following	ADJ
ftr-433	141	13	manner	manner	NOUN
ftr-433	141	14	.	.	PUNCT
ftr-433	142	1	because	because	SCONJ
ftr-433	142	2	the	the	DET
ftr-433	142	3	purchase	purchase	NOUN
ftr-433	142	4	of	of	ADP
ftr-433	142	5	an	an	DET
ftr-433	142	6	asset	asset	NOUN
ftr-433	142	7	does	do	AUX
ftr-433	142	8	not	not	PART
ftr-433	142	9	generally	generally	ADV
ftr-433	142	10	cause	cause	VERB
ftr-433	142	11	a	a	DET
ftr-433	142	12	realization	realization	NOUN
ftr-433	142	13	of	of	ADP
ftr-433	142	14	income	income	NOUN
ftr-433	142	15	,	,	PUNCT
ftr-433	142	16	and	and	CCONJ
ftr-433	142	17	because	because	SCONJ
ftr-433	142	18	any	any	DET
ftr-433	142	19	subsequent	subsequent	ADJ
ftr-433	142	20	changes	change	NOUN
ftr-433	142	21	in	in	ADP
ftr-433	142	22	value	value	NOUN
ftr-433	142	23	can	can	AUX
ftr-433	142	24	not	not	PART
ftr-433	142	25	enter	enter	VERB
ftr-433	142	26	the	the	DET
ftr-433	142	27	tax	tax	NOUN
ftr-433	142	28	base	base	NOUN
ftr-433	142	29	until	until	SCONJ
ftr-433	142	30	the	the	DET
ftr-433	142	31	asset	asset	NOUN
ftr-433	142	32	undergoes	undergo	VERB
ftr-433	142	33	a	a	DET
ftr-433	142	34	realization	realization	NOUN
ftr-433	142	35	event	event	NOUN
ftr-433	142	36	,	,	PUNCT
ftr-433	142	37	assets	asset	NOUN
ftr-433	142	38	must	must	AUX
ftr-433	142	39	be	be	AUX
ftr-433	142	40	assigned	assign	VERB
ftr-433	142	41	an	an	DET
ftr-433	142	42	amount	amount	NOUN
ftr-433	142	43	at	at	ADP
ftr-433	142	44	the	the	DET
ftr-433	142	45	time	time	NOUN
ftr-433	142	46	of	of	ADP
ftr-433	142	47	their	their	PRON
ftr-433	142	48	acquisition	acquisition	NOUN
ftr-433	142	49	that	that	PRON
ftr-433	142	50	quantifies	quantify	VERB
ftr-433	142	51	the	the	DET
ftr-433	142	52	amount	amount	NOUN
ftr-433	142	53	of	of	ADP
ftr-433	142	54	tax	tax	NOUN
ftr-433	142	55	“	"	PUNCT
ftr-433	142	56	capital	capital	NOUN
ftr-433	142	57	”	"	PUNCT
ftr-433	142	58	invested	invest	VERB
ftr-433	142	59	in	in	ADP
ftr-433	142	60	them	they	PRON
ftr-433	142	61	.	.	PUNCT
ftr-433	143	1	this	this	DET
ftr-433	143	2	amount	amount	NOUN
ftr-433	143	3	measures	measure	NOUN
ftr-433	143	4	and	and	CCONJ
ftr-433	143	5	accounts	account	NOUN
ftr-433	143	6	for	for	ADP
ftr-433	143	7	the	the	DET
ftr-433	143	8	invested	invest	VERB
ftr-433	143	9	capital	capital	NOUN
ftr-433	143	10	in	in	ADP
ftr-433	143	11	order	order	NOUN
ftr-433	143	12	to	to	PART
ftr-433	143	13	avoid	avoid	VERB
ftr-433	143	14	taxing	tax	VERB
ftr-433	143	15	that	that	DET
ftr-433	143	16	capital	capital	NOUN
ftr-433	143	17	again	again	ADV
ftr-433	143	18	when	when	SCONJ
ftr-433	143	19	the	the	DET
ftr-433	143	20	terminal	terminal	ADJ
ftr-433	143	21	value	value	NOUN
ftr-433	143	22	of	of	ADP
ftr-433	143	23	the	the	DET
ftr-433	143	24	asset	asset	NOUN
ftr-433	143	25	is	be	AUX
ftr-433	143	26	subsequently	subsequently	ADV
ftr-433	143	27	realized	realize	VERB
ftr-433	143	28	and	and	CCONJ
ftr-433	143	29	the	the	DET
ftr-433	143	30	amount	amount	NOUN
ftr-433	143	31	of	of	ADP
ftr-433	143	32	net	net	ADJ
ftr-433	143	33	realized	realize	VERB
ftr-433	143	34	income	income	NOUN
ftr-433	143	35	or	or	CCONJ
ftr-433	143	36	loss	loss	NOUN
ftr-433	143	37	is	be	AUX
ftr-433	143	38	determined	determine	VERB
ftr-433	143	39	.	.	PUNCT
ftr-433	144	1	the	the	DET
ftr-433	144	2	tax	tax	NOUN
ftr-433	144	3	accounting	accounting	NOUN
ftr-433	144	4	convention	convention	NOUN
ftr-433	144	5	that	that	PRON
ftr-433	144	6	measures	measure	VERB
ftr-433	144	7	the	the	DET
ftr-433	144	8	investment	investment	NOUN
ftr-433	144	9	of	of	ADP
ftr-433	144	10	capital	capital	NOUN
ftr-433	144	11	in	in	ADP
ftr-433	144	12	a	a	DET
ftr-433	144	13	given	give	VERB
ftr-433	144	14	asset	asset	NOUN
ftr-433	144	15	is	be	AUX
ftr-433	144	16	called	call	VERB
ftr-433	144	17	basis	basis	NOUN
ftr-433	144	18	,	,	PUNCT
ftr-433	144	19	and	and	CCONJ
ftr-433	144	20	only	only	ADV
ftr-433	144	21	to	to	ADP
ftr-433	144	22	the	the	DET
ftr-433	144	23	extent	extent	NOUN
ftr-433	144	24	that	that	SCONJ
ftr-433	144	25	an	an	DET
ftr-433	144	26	amount	amount	NOUN
ftr-433	144	27	realized	realize	VERB
ftr-433	144	28	from	from	ADP
ftr-433	144	29	the	the	DET
ftr-433	144	30	subsequent	subsequent	ADJ
ftr-433	144	31	disposition	disposition	NOUN
ftr-433	144	32	of	of	ADP
ftr-433	144	33	an	an	DET
ftr-433	144	34	asset	asset	NOUN
ftr-433	144	35	exceeds	exceed	VERB
ftr-433	144	36	its	its	PRON
ftr-433	144	37	472	472	NUM
ftr-433	144	38	florida	florida	PROPN
ftr-433	144	39	tax	tax	NOUN
ftr-433	144	40	review	review	NOUN
ftr-433	145	1	[	[	X
ftr-433	145	2	vol	vol	NOUN
ftr-433	145	3	.	.	PUNCT
ftr-433	145	4	5:7	5:7	NUM
ftr-433	145	5	11	11	NUM
ftr-433	145	6	.	.	PUNCT
ftr-433	146	1	see	see	VERB
ftr-433	146	2	irc	irc	PROPN
ftr-433	146	3	§	§	PROPN
ftr-433	146	4	1001(a	1001(a	NOUN
ftr-433	146	5	)	)	PUNCT
ftr-433	146	6	.	.	PUNCT
ftr-433	147	1	similarly	similarly	ADV
ftr-433	147	2	,	,	PUNCT
ftr-433	147	3	if	if	SCONJ
ftr-433	147	4	the	the	DET
ftr-433	147	5	amount	amount	NOUN
ftr-433	147	6	so	so	ADV
ftr-433	147	7	realized	realize	VERB
ftr-433	147	8	is	be	AUX
ftr-433	147	9	less	less	ADJ
ftr-433	147	10	than	than	ADP
ftr-433	147	11	the	the	DET
ftr-433	147	12	previous	previous	ADJ
ftr-433	147	13	capital	capital	NOUN
ftr-433	147	14	investment	investment	NOUN
ftr-433	147	15	,	,	PUNCT
ftr-433	147	16	the	the	DET
ftr-433	147	17	difference	difference	NOUN
ftr-433	147	18	may	may	AUX
ftr-433	147	19	be	be	AUX
ftr-433	147	20	deducted	deduct	VERB
ftr-433	147	21	,	,	PUNCT
ftr-433	147	22	which	which	PRON
ftr-433	147	23	results	result	VERB
ftr-433	147	24	in	in	ADP
ftr-433	147	25	the	the	DET
ftr-433	147	26	taxfree	taxfree	NOUN
ftr-433	147	27	recovery	recovery	NOUN
ftr-433	147	28	of	of	ADP
ftr-433	147	29	the	the	DET
ftr-433	147	30	amount	amount	NOUN
ftr-433	147	31	invested	invest	VERB
ftr-433	147	32	in	in	ADP
ftr-433	147	33	either	either	DET
ftr-433	147	34	event	event	NOUN
ftr-433	147	35	.	.	PUNCT
ftr-433	148	1	i	i	PRON
ftr-433	148	2	d.	d.	PROPN
ftr-433	148	3	see	see	VERB
ftr-433	148	4	irc	irc	PROPN
ftr-433	148	5	§	§	PROPN
ftr-433	148	6	1016(a	1016(a	NUM
ftr-433	148	7	)	)	PUNCT
ftr-433	148	8	for	for	ADP
ftr-433	148	9	a	a	DET
ftr-433	148	10	list	list	NOUN
ftr-433	148	11	of	of	ADP
ftr-433	148	12	the	the	DET
ftr-433	148	13	items	item	NOUN
ftr-433	148	14	that	that	PRON
ftr-433	148	15	require	require	VERB
ftr-433	148	16	or	or	CCONJ
ftr-433	148	17	allow	allow	VERB
ftr-433	148	18	an	an	DET
ftr-433	148	19	adjustment	adjustment	NOUN
ftr-433	148	20	to	to	PART
ftr-433	148	21	be	be	AUX
ftr-433	148	22	made	make	VERB
ftr-433	148	23	to	to	ADP
ftr-433	148	24	an	an	DET
ftr-433	148	25	asset	asset	NOUN
ftr-433	148	26	’s	’s	PART
ftr-433	148	27	basis	basis	NOUN
ftr-433	148	28	.	.	PUNCT
ftr-433	149	1	12	12	NUM
ftr-433	149	2	.	.	PUNCT
ftr-433	150	1	the	the	DET
ftr-433	150	2	closest	close	ADJ
ftr-433	150	3	analogy	analogy	NOUN
ftr-433	150	4	in	in	ADP
ftr-433	150	5	either	either	CCONJ
ftr-433	150	6	tax	tax	NOUN
ftr-433	150	7	system	system	NOUN
ftr-433	150	8	is	be	AUX
ftr-433	150	9	an	an	DET
ftr-433	150	10	amit	amit	NOUN
ftr-433	150	11	base	base	NOUN
ftr-433	150	12	which	which	PRON
ftr-433	150	13	taxes	tax	VERB
ftr-433	150	14	and	and	CCONJ
ftr-433	150	15	accounts	account	NOUN
ftr-433	150	16	for	for	ADP
ftr-433	150	17	the	the	DET
ftr-433	150	18	difference	difference	NOUN
ftr-433	150	19	between	between	ADP
ftr-433	150	20	an	an	DET
ftr-433	150	21	asset	asset	NOUN
ftr-433	150	22	’s	’s	PART
ftr-433	150	23	initial	initial	ADJ
ftr-433	150	24	and	and	CCONJ
ftr-433	150	25	terminal	terminal	ADJ
ftr-433	150	26	values	value	NOUN
ftr-433	150	27	,	,	PUNCT
ftr-433	150	28	but	but	CCONJ
ftr-433	150	29	measures	measure	NOUN
ftr-433	150	30	and	and	CCONJ
ftr-433	150	31	taxes	taxis	NOUN
ftr-433	150	32	that	that	PRON
ftr-433	150	33	difference	difference	NOUN
ftr-433	150	34	periodically	periodically	ADV
ftr-433	150	35	despite	despite	SCONJ
ftr-433	150	36	the	the	DET
ftr-433	150	37	intervening	intervene	VERB
ftr-433	150	38	lack	lack	NOUN
ftr-433	150	39	of	of	ADP
ftr-433	150	40	realization	realization	NOUN
ftr-433	150	41	.	.	PUNCT
ftr-433	151	1	see	see	VERB
ftr-433	151	2	discussion	discussion	NOUN
ftr-433	151	3	at	at	ADP
ftr-433	151	4	infra	infra	NOUN
ftr-433	151	5	part	part	NOUN
ftr-433	151	6	iii.c.1	iii.c.1	PROPN
ftr-433	151	7	.	.	PROPN
ftr-433	151	8	13	13	NUM
ftr-433	151	9	.	.	PUNCT
ftr-433	152	1	in	in	ADP
ftr-433	152	2	the	the	DET
ftr-433	152	3	case	case	NOUN
ftr-433	152	4	of	of	ADP
ftr-433	152	5	other	other	ADJ
ftr-433	152	6	assets	asset	NOUN
ftr-433	152	7	,	,	PUNCT
ftr-433	152	8	only	only	ADV
ftr-433	152	9	the	the	DET
ftr-433	152	10	un	un	ADJ
ftr-433	152	11	-	-	ADJ
ftr-433	152	12	recovered	recovered	ADJ
ftr-433	152	13	amount	amount	NOUN
ftr-433	152	14	of	of	ADP
ftr-433	152	15	that	that	DET
ftr-433	152	16	cost	cost	NOUN
ftr-433	152	17	remaining	remain	VERB
ftr-433	152	18	at	at	ADP
ftr-433	152	19	realization	realization	NOUN
ftr-433	152	20	should	should	AUX
ftr-433	152	21	offset	offset	VERB
ftr-433	152	22	any	any	DET
ftr-433	152	23	amount	amount	NOUN
ftr-433	152	24	realized	realize	VERB
ftr-433	152	25	at	at	ADP
ftr-433	152	26	that	that	DET
ftr-433	152	27	time	time	NOUN
ftr-433	152	28	in	in	ADP
ftr-433	152	29	order	order	NOUN
ftr-433	152	30	to	to	PART
ftr-433	152	31	quantify	quantify	VERB
ftr-433	152	32	the	the	DET
ftr-433	152	33	gain	gain	NOUN
ftr-433	152	34	or	or	CCONJ
ftr-433	152	35	loss	loss	NOUN
ftr-433	152	36	realized	realize	VERB
ftr-433	152	37	,	,	PUNCT
ftr-433	152	38	and	and	CCONJ
ftr-433	152	39	therefore	therefore	ADV
ftr-433	152	40	the	the	DET
ftr-433	152	41	net	net	ADJ
ftr-433	152	42	effect	effect	NOUN
ftr-433	152	43	on	on	ADP
ftr-433	152	44	the	the	DET
ftr-433	152	45	taxpayer	taxpayer	NOUN
ftr-433	152	46	’s	’s	PART
ftr-433	152	47	tax	tax	NOUN
ftr-433	152	48	base	base	NOUN
ftr-433	152	49	.	.	PUNCT
ftr-433	153	1	see	see	VERB
ftr-433	153	2	irc	irc	PROPN
ftr-433	153	3	§	§	PROPN
ftr-433	153	4	§	§	NOUN
ftr-433	153	5	1016(a)(2	1016(a)(2	NOUN
ftr-433	153	6	)	)	PUNCT
ftr-433	153	7	;	;	PUNCT
ftr-433	153	8	1001(a	1001(a	NUM
ftr-433	153	9	)	)	PUNCT
ftr-433	153	10	.	.	PUNCT
ftr-433	154	1	14	14	NUM
ftr-433	154	2	.	.	PUNCT
ftr-433	155	1	see	see	VERB
ftr-433	155	2	michael	michael	PROPN
ftr-433	155	3	graetz	graetz	PROPN
ftr-433	155	4	,	,	PUNCT
ftr-433	155	5	federal	federal	ADJ
ftr-433	155	6	income	income	NOUN
ftr-433	155	7	taxation	taxation	NOUN
ftr-433	155	8	:	:	PUNCT
ftr-433	155	9	principles	principle	NOUN
ftr-433	155	10	and	and	CCONJ
ftr-433	155	11	policies	policy	NOUN
ftr-433	155	12	34751	34751	NUM
ftr-433	155	13	(	(	PUNCT
ftr-433	155	14	1985	1985	NUM
ftr-433	155	15	)	)	PUNCT
ftr-433	155	16	.	.	PUNCT
ftr-433	156	1	see	see	AUX
ftr-433	156	2	also	also	ADV
ftr-433	156	3	report	report	VERB
ftr-433	156	4	to	to	ADP
ftr-433	156	5	the	the	DET
ftr-433	156	6	congress	congress	PROPN
ftr-433	156	7	on	on	ADP
ftr-433	156	8	depreciation	depreciation	NOUN
ftr-433	156	9	recovery	recovery	NOUN
ftr-433	156	10	periods	period	NOUN
ftr-433	156	11	and	and	CCONJ
ftr-433	156	12	methods	method	NOUN
ftr-433	156	13	(	(	PUNCT
ftr-433	156	14	treasury	treasury	PROPN
ftr-433	156	15	department	department	PROPN
ftr-433	156	16	,	,	PUNCT
ftr-433	156	17	july	july	PROPN
ftr-433	156	18	28	28	NUM
ftr-433	156	19	,	,	PUNCT
ftr-433	156	20	2000	2000	NUM
ftr-433	156	21	)	)	PUNCT
ftr-433	157	1	[	[	X
ftr-433	157	2	hereinafter	hereinafter	NOUN
ftr-433	157	3	treasury	treasury	PROPN
ftr-433	157	4	department	department	PROPN
ftr-433	157	5	report	report	PROPN
ftr-433	157	6	]	]	PUNCT
ftr-433	157	7	.	.	PUNCT
ftr-433	158	1	the	the	DET
ftr-433	158	2	assumption	assumption	NOUN
ftr-433	158	3	that	that	SCONJ
ftr-433	158	4	economic	economic	ADJ
ftr-433	158	5	depreciation	depreciation	NOUN
ftr-433	158	6	is	be	AUX
ftr-433	158	7	the	the	DET
ftr-433	158	8	normative	normative	ADJ
ftr-433	158	9	depreciation	depreciation	NOUN
ftr-433	158	10	method	method	NOUN
ftr-433	158	11	for	for	ADP
ftr-433	158	12	the	the	DET
ftr-433	158	13	u.s	u.s	PROPN
ftr-433	158	14	.	.	PROPN
ftr-433	158	15	income	income	PROPN
ftr-433	158	16	tax	tax	NOUN
ftr-433	158	17	base	base	NOUN
ftr-433	158	18	runs	run	VERB
ftr-433	158	19	throughout	throughout	ADP
ftr-433	158	20	this	this	DET
ftr-433	158	21	study	study	NOUN
ftr-433	158	22	.	.	PUNCT
ftr-433	159	1	see	see	VERB
ftr-433	159	2	i	i	PRON
ftr-433	159	3	d.	d.	PROPN
ftr-433	159	4	at	at	ADP
ftr-433	159	5	3	3	NUM
ftr-433	159	6	(	(	PUNCT
ftr-433	159	7	replacing	replace	VERB
ftr-433	159	8	the	the	DET
ftr-433	159	9	current	current	ADJ
ftr-433	159	10	depreciation	depreciation	NOUN
ftr-433	159	11	structure	structure	NOUN
ftr-433	159	12	,	,	PUNCT
ftr-433	159	13	“	"	PUNCT
ftr-433	159	14	with	with	SCONJ
ftr-433	159	15	a	a	DET
ftr-433	159	16	system	system	NOUN
ftr-433	159	17	more	more	ADV
ftr-433	159	18	closely	closely	ADV
ftr-433	159	19	related	relate	VERB
ftr-433	159	20	to	to	ADP
ftr-433	159	21	economic	economic	ADJ
ftr-433	159	22	depreciation	depreciation	NOUN
ftr-433	159	23	is	be	AUX
ftr-433	159	24	sometimes	sometimes	ADV
ftr-433	159	25	advocated	advocate	VERB
ftr-433	159	26	as	as	ADP
ftr-433	159	27	the	the	DET
ftr-433	159	28	ideal	ideal	ADJ
ftr-433	159	29	reform	reform	NOUN
ftr-433	159	30	”	"	PUNCT
ftr-433	159	31	)	)	PUNCT
ftr-433	159	32	;	;	PUNCT
ftr-433	159	33	i	i	PRON
ftr-433	159	34	d.	d.	PROPN
ftr-433	159	35	at	at	ADP
ftr-433	159	36	27	27	NUM
ftr-433	159	37	(	(	PUNCT
ftr-433	159	38	evaluation	evaluation	NOUN
ftr-433	159	39	of	of	ADP
ftr-433	159	40	the	the	DET
ftr-433	159	41	current	current	ADJ
ftr-433	159	42	cost	cost	NOUN
ftr-433	159	43	recovery	recovery	NOUN
ftr-433	159	44	system	system	NOUN
ftr-433	159	45	“	"	PUNCT
ftr-433	159	46	focuses	focus	VERB
ftr-433	159	47	on	on	ADP
ftr-433	159	48	how	how	SCONJ
ftr-433	159	49	closely	closely	ADV
ftr-433	159	50	current	current	ADJ
ftr-433	159	51	law	law	NOUN
ftr-433	159	52	cost	cost	NOUN
ftr-433	159	53	recovery	recovery	NOUN
ftr-433	159	54	allowances	allowance	NOUN
ftr-433	159	55	reflect	reflect	VERB
ftr-433	159	56	allowances	allowance	NOUN
ftr-433	159	57	based	base	VERB
ftr-433	159	58	on	on	ADP
ftr-433	159	59	economic	economic	ADJ
ftr-433	159	60	depreciation	depreciation	NOUN
ftr-433	159	61	;	;	PUNCT
ftr-433	159	62	how	how	SCONJ
ftr-433	159	63	deviations	deviation	NOUN
ftr-433	159	64	from	from	ADP
ftr-433	159	65	economic	economic	ADJ
ftr-433	159	66	depreciation	depreciation	NOUN
ftr-433	159	67	affect	affect	VERB
ftr-433	159	68	the	the	DET
ftr-433	159	69	level	level	NOUN
ftr-433	159	70	and	and	CCONJ
ftr-433	159	71	distribution	distribution	NOUN
ftr-433	159	72	of	of	ADP
ftr-433	159	73	taxes	taxis	NOUN
ftr-433	159	74	on	on	ADP
ftr-433	159	75	capital	capital	NOUN
ftr-433	159	76	income	income	NOUN
ftr-433	159	77	;	;	PUNCT
ftr-433	159	78	and	and	CCONJ
ftr-433	159	79	justifications	justification	NOUN
ftr-433	159	80	for	for	ADP
ftr-433	159	81	any	any	DET
ftr-433	159	82	current	current	ADJ
ftr-433	159	83	law	law	NOUN
ftr-433	159	84	deviations	deviation	NOUN
ftr-433	159	85	from	from	ADP
ftr-433	159	86	economic	economic	ADJ
ftr-433	159	87	depreciation	depreciation	NOUN
ftr-433	159	88	”	"	PUNCT
ftr-433	159	89	)	)	PUNCT
ftr-433	159	90	.	.	PUNCT
ftr-433	160	1	adjusted	adjust	VERB
ftr-433	160	2	basis	basis	NOUN
ftr-433	160	3	does	do	AUX
ftr-433	160	4	the	the	DET
ftr-433	160	5	net	net	ADJ
ftr-433	160	6	amount	amount	NOUN
ftr-433	160	7	enter	enter	VERB
ftr-433	160	8	a	a	DET
ftr-433	160	9	rbit	rbit	NOUN
ftr-433	160	10	base	base	NOUN
ftr-433	160	11	.	.	PUNCT
ftr-433	161	1	neither	neither	CCONJ
ftr-433	161	2	amit	amit	PROPN
ftr-433	161	3	nor	nor	CCONJ
ftr-433	161	4	a11	a11	PROPN
ftr-433	161	5	cfit	cfit	NOUN
ftr-433	161	6	base	base	PROPN
ftr-433	161	7	employs	employ	VERB
ftr-433	161	8	a	a	DET
ftr-433	161	9	counterpart	counterpart	NOUN
ftr-433	161	10	to	to	ADP
ftr-433	161	11	these	these	DET
ftr-433	161	12	unique	unique	ADJ
ftr-433	161	13	structural	structural	ADJ
ftr-433	161	14	and	and	CCONJ
ftr-433	161	15	accounting	accounting	NOUN
ftr-433	161	16	features	feature	NOUN
ftr-433	161	17	of	of	ADP
ftr-433	161	18	a	a	DET
ftr-433	161	19	rbit	rbit	NOUN
ftr-433	161	20	base.12	base.12	NOUN
ftr-433	161	21	a	a	DET
ftr-433	161	22	third	third	ADJ
ftr-433	161	23	principle	principle	NOUN
ftr-433	161	24	of	of	ADP
ftr-433	161	25	rbit	rbit	NOUN
ftr-433	161	26	base	base	NOUN
ftr-433	161	27	capital	capital	NOUN
ftr-433	161	28	income	income	NOUN
ftr-433	161	29	taxation	taxation	NOUN
ftr-433	161	30	applies	apply	VERB
ftr-433	161	31	if	if	SCONJ
ftr-433	161	32	an	an	DET
ftr-433	161	33	asset	asset	NOUN
ftr-433	161	34	is	be	AUX
ftr-433	161	35	physically	physically	ADV
ftr-433	161	36	or	or	CCONJ
ftr-433	161	37	economically	economically	ADV
ftr-433	161	38	self	self	NOUN
ftr-433	161	39	-	-	PUNCT
ftr-433	161	40	exhausting	exhausting	ADJ
ftr-433	161	41	.	.	PUNCT
ftr-433	162	1	such	such	DET
ftr-433	162	2	an	an	DET
ftr-433	162	3	asset	asset	NOUN
ftr-433	162	4	’s	’s	PART
ftr-433	162	5	complete	complete	ADJ
ftr-433	162	6	decline	decline	NOUN
ftr-433	162	7	in	in	ADP
ftr-433	162	8	value	value	NOUN
ftr-433	162	9	or	or	CCONJ
ftr-433	162	10	utility	utility	NOUN
ftr-433	162	11	over	over	ADP
ftr-433	162	12	time	time	NOUN
ftr-433	162	13	does	do	AUX
ftr-433	162	14	not	not	PART
ftr-433	162	15	reduce	reduce	VERB
ftr-433	162	16	the	the	DET
ftr-433	162	17	tax	tax	NOUN
ftr-433	162	18	base	base	NOUN
ftr-433	162	19	directly	directly	ADV
ftr-433	162	20	,	,	PUNCT
ftr-433	162	21	because	because	SCONJ
ftr-433	162	22	unrealized	unrealized	ADJ
ftr-433	162	23	changes	change	NOUN
ftr-433	162	24	in	in	ADP
ftr-433	162	25	asset	asset	NOUN
ftr-433	162	26	value	value	NOUN
ftr-433	162	27	are	be	AUX
ftr-433	162	28	not	not	PART
ftr-433	162	29	included	include	VERB
ftr-433	162	30	in	in	ADP
ftr-433	162	31	a	a	DET
ftr-433	162	32	rbit	rbit	NOUN
ftr-433	162	33	base	base	NOUN
ftr-433	162	34	.	.	PUNCT
ftr-433	163	1	instead	instead	ADV
ftr-433	163	2	,	,	PUNCT
ftr-433	163	3	in	in	ADP
ftr-433	163	4	order	order	NOUN
ftr-433	163	5	to	to	PART
ftr-433	163	6	measure	measure	VERB
ftr-433	163	7	and	and	CCONJ
ftr-433	163	8	tax	tax	VERB
ftr-433	163	9	only	only	ADV
ftr-433	163	10	net	net	ADJ
ftr-433	163	11	realized	realize	VERB
ftr-433	163	12	income	income	NOUN
ftr-433	163	13	,	,	PUNCT
ftr-433	163	14	at	at	ADP
ftr-433	163	15	some	some	DET
ftr-433	163	16	point	point	NOUN
ftr-433	163	17	in	in	ADP
ftr-433	163	18	time	time	NOUN
ftr-433	163	19	the	the	DET
ftr-433	163	20	tax	tax	NOUN
ftr-433	163	21	base	base	NOUN
ftr-433	163	22	must	must	AUX
ftr-433	163	23	be	be	AUX
ftr-433	163	24	reduced	reduce	VERB
ftr-433	163	25	by	by	ADP
ftr-433	163	26	means	mean	NOUN
ftr-433	163	27	of	of	ADP
ftr-433	163	28	one	one	NUM
ftr-433	163	29	or	or	CCONJ
ftr-433	163	30	more	more	ADJ
ftr-433	163	31	deductions	deduction	NOUN
ftr-433	163	32	in	in	ADP
ftr-433	163	33	order	order	NOUN
ftr-433	163	34	to	to	PART
ftr-433	163	35	restore	restore	VERB
ftr-433	163	36	the	the	DET
ftr-433	163	37	amount	amount	NOUN
ftr-433	163	38	of	of	ADP
ftr-433	163	39	the	the	DET
ftr-433	163	40	capital	capital	NOUN
ftr-433	163	41	invested	invest	VERB
ftr-433	163	42	in	in	ADP
ftr-433	163	43	the	the	DET
ftr-433	163	44	asset	asset	NOUN
ftr-433	163	45	to	to	ADP
ftr-433	163	46	the	the	DET
ftr-433	163	47	taxpayer	taxpayer	NOUN
ftr-433	163	48	.	.	PUNCT
ftr-433	164	1	otherwise	otherwise	ADV
ftr-433	164	2	,	,	PUNCT
ftr-433	164	3	capital	capital	NOUN
ftr-433	164	4	would	would	AUX
ftr-433	164	5	be	be	AUX
ftr-433	164	6	taxed	tax	VERB
ftr-433	164	7	again	again	ADV
ftr-433	164	8	as	as	SCONJ
ftr-433	164	9	the	the	DET
ftr-433	164	10	asset	asset	NOUN
ftr-433	164	11	converted	convert	VERB
ftr-433	164	12	itself	itself	PRON
ftr-433	164	13	completely	completely	ADV
ftr-433	164	14	into	into	ADP
ftr-433	164	15	income	income	NOUN
ftr-433	164	16	and	and	CCONJ
ftr-433	164	17	wasted	waste	VERB
ftr-433	164	18	away	away	ADV
ftr-433	164	19	.	.	PUNCT
ftr-433	165	1	this	this	DET
ftr-433	165	2	structural	structural	ADJ
ftr-433	165	3	principle	principle	NOUN
ftr-433	165	4	is	be	AUX
ftr-433	165	5	called	call	VERB
ftr-433	165	6	the	the	DET
ftr-433	165	7	capital	capital	NOUN
ftr-433	165	8	recovery	recovery	NOUN
ftr-433	165	9	principle	principle	NOUN
ftr-433	165	10	.	.	PUNCT
ftr-433	166	1	cost	cost	NOUN
ftr-433	166	2	recovery	recovery	NOUN
ftr-433	166	3	is	be	AUX
ftr-433	166	4	a	a	DET
ftr-433	166	5	particular	particular	ADJ
ftr-433	166	6	rbit	rbit	NOUN
ftr-433	166	7	base	base	NOUN
ftr-433	166	8	accounting	accounting	NOUN
ftr-433	166	9	technique	technique	NOUN
ftr-433	166	10	by	by	ADP
ftr-433	166	11	which	which	PRON
ftr-433	166	12	the	the	DET
ftr-433	166	13	capital	capital	NOUN
ftr-433	166	14	cost	cost	NOUN
ftr-433	166	15	of	of	ADP
ftr-433	166	16	such	such	DET
ftr-433	166	17	a	a	DET
ftr-433	166	18	self	self	NOUN
ftr-433	166	19	-	-	PUNCT
ftr-433	166	20	exhausting	exhaust	VERB
ftr-433	166	21	asset	asset	NOUN
ftr-433	166	22	is	be	AUX
ftr-433	166	23	recovered	recover	VERB
ftr-433	166	24	tax	tax	NOUN
ftr-433	166	25	-	-	PUNCT
ftr-433	166	26	free	free	ADJ
ftr-433	166	27	from	from	ADP
ftr-433	166	28	otherwise	otherwise	ADV
ftr-433	166	29	taxable	taxable	ADJ
ftr-433	166	30	income	income	NOUN
ftr-433	166	31	prior	prior	ADV
ftr-433	166	32	to	to	ADP
ftr-433	166	33	any	any	DET
ftr-433	166	34	realization	realization	NOUN
ftr-433	166	35	of	of	ADP
ftr-433	166	36	the	the	DET
ftr-433	166	37	asset	asset	NOUN
ftr-433	166	38	’s	’s	PART
ftr-433	166	39	terminal	terminal	ADJ
ftr-433	166	40	value	value	NOUN
ftr-433	166	41	at	at	ADP
ftr-433	166	42	the	the	DET
ftr-433	166	43	time	time	NOUN
ftr-433	166	44	of	of	ADP
ftr-433	166	45	its	its	PRON
ftr-433	166	46	disposition	disposition	NOUN
ftr-433	166	47	.	.	PUNCT
ftr-433	167	1	this	this	DET
ftr-433	167	2	treatment	treatment	NOUN
ftr-433	167	3	is	be	AUX
ftr-433	167	4	particularly	particularly	ADV
ftr-433	167	5	appropriate	appropriate	ADJ
ftr-433	167	6	where	where	SCONJ
ftr-433	167	7	the	the	DET
ftr-433	167	8	terminal	terminal	NOUN
ftr-433	167	9	realized	realize	VERB
ftr-433	167	10	value	value	NOUN
ftr-433	167	11	of	of	ADP
ftr-433	167	12	the	the	DET
ftr-433	167	13	asset	asset	NOUN
ftr-433	167	14	is	be	AUX
ftr-433	167	15	likely	likely	ADJ
ftr-433	167	16	to	to	PART
ftr-433	167	17	be	be	AUX
ftr-433	167	18	little	little	ADJ
ftr-433	167	19	or	or	CCONJ
ftr-433	167	20	nothing.13	nothing.13	NOUN
ftr-433	167	21	u.s	u.s	PROPN
ftr-433	167	22	.	.	PROPN
ftr-433	167	23	tax	tax	NOUN
ftr-433	167	24	policy	policy	NOUN
ftr-433	167	25	with	with	ADP
ftr-433	167	26	respect	respect	NOUN
ftr-433	167	27	to	to	ADP
ftr-433	167	28	cost	cost	NOUN
ftr-433	167	29	recovery	recovery	NOUN
ftr-433	167	30	for	for	ADP
ftr-433	167	31	short	short	ADV
ftr-433	167	32	-	-	PUNCT
ftr-433	167	33	lived	live	VERB
ftr-433	167	34	completely	completely	ADV
ftr-433	167	35	wasting	waste	VERB
ftr-433	167	36	assets	asset	NOUN
ftr-433	167	37	is	be	AUX
ftr-433	167	38	at	at	ADP
ftr-433	167	39	a	a	DET
ftr-433	167	40	watershed	watershed	NOUN
ftr-433	167	41	.	.	PUNCT
ftr-433	168	1	on	on	ADP
ftr-433	168	2	one	one	NUM
ftr-433	168	3	hand	hand	NOUN
ftr-433	168	4	,	,	PUNCT
ftr-433	168	5	many	many	ADJ
ftr-433	168	6	policy	policy	NOUN
ftr-433	168	7	makers	maker	NOUN
ftr-433	168	8	assume	assume	VERB
ftr-433	168	9	or	or	CCONJ
ftr-433	168	10	seem	seem	VERB
ftr-433	168	11	to	to	PART
ftr-433	168	12	conclude	conclude	VERB
ftr-433	168	13	that	that	SCONJ
ftr-433	168	14	economic	economic	ADJ
ftr-433	168	15	depreciation	depreciation	NOUN
ftr-433	168	16	properly	properly	ADV
ftr-433	168	17	measures	measure	VERB
ftr-433	168	18	income	income	NOUN
ftr-433	168	19	in	in	ADP
ftr-433	168	20	the	the	DET
ftr-433	168	21	u.s	u.s	PROPN
ftr-433	168	22	.	.	PROPN
ftr-433	168	23	tax	tax	NOUN
ftr-433	168	24	base	base	NOUN
ftr-433	168	25	.	.	PUNCT
ftr-433	169	1	in	in	ADP
ftr-433	169	2	addition	addition	NOUN
ftr-433	169	3	,	,	PUNCT
ftr-433	169	4	there	there	PRON
ftr-433	169	5	is	be	VERB
ftr-433	169	6	a	a	DET
ftr-433	169	7	growing	grow	VERB
ftr-433	169	8	trend	trend	NOUN
ftr-433	169	9	among	among	ADP
ftr-433	169	10	commentators	commentator	NOUN
ftr-433	169	11	to	to	ADP
ftr-433	169	12	see14	see14	ADJ
ftr-433	169	13	2002	2002	NUM
ftr-433	169	14	]	]	PUNCT
ftr-433	169	15	normative	normative	ADJ
ftr-433	169	16	capital	capital	NOUN
ftr-433	169	17	cost	cost	NOUN
ftr-433	169	18	recovery	recovery	NOUN
ftr-433	169	19	473	473	NUM
ftr-433	169	20	15	15	NUM
ftr-433	169	21	.	.	PUNCT
ftr-433	170	1	for	for	ADP
ftr-433	170	2	an	an	DET
ftr-433	170	3	excellent	excellent	ADJ
ftr-433	170	4	summary	summary	NOUN
ftr-433	170	5	of	of	ADP
ftr-433	170	6	these	these	DET
ftr-433	170	7	works	work	NOUN
ftr-433	170	8	and	and	CCONJ
ftr-433	170	9	cites	cite	VERB
ftr-433	170	10	thereto	thereto	VERB
ftr-433	170	11	,	,	PUNCT
ftr-433	170	12	see	see	VERB
ftr-433	170	13	deborah	deborah	PROPN
ftr-433	170	14	h.	h.	PROPN
ftr-433	170	15	schenk	schenk	PROPN
ftr-433	170	16	,	,	PUNCT
ftr-433	170	17	a	a	DET
ftr-433	170	18	realization	realization	NOUN
ftr-433	170	19	-	-	PUNCT
ftr-433	170	20	based	base	VERB
ftr-433	170	21	income	income	NOUN
ftr-433	170	22	tax	tax	NOUN
ftr-433	170	23	and	and	CCONJ
ftr-433	170	24	the	the	DET
ftr-433	170	25	taxation	taxation	NOUN
ftr-433	170	26	of	of	ADP
ftr-433	170	27	capital	capital	NOUN
ftr-433	170	28	,	,	PUNCT
ftr-433	170	29	53	53	NUM
ftr-433	170	30	nat’l	nat’l	NOUN
ftr-433	170	31	tax	tax	NOUN
ftr-433	170	32	j.	j.	PROPN
ftr-433	170	33	109	109	NUM
ftr-433	170	34	(	(	PUNCT
ftr-433	170	35	2000	2000	NUM
ftr-433	170	36	)	)	PUNCT
ftr-433	170	37	and	and	CCONJ
ftr-433	170	38	works	work	NOUN
ftr-433	170	39	cited	cite	VERB
ftr-433	170	40	therein	therein	ADV
ftr-433	170	41	.	.	PUNCT
ftr-433	171	1	16	16	NUM
ftr-433	171	2	.	.	PUNCT
ftr-433	172	1	see	see	VERB
ftr-433	172	2	discussion	discussion	NOUN
ftr-433	172	3	infra	infra	NOUN
ftr-433	172	4	part	part	NOUN
ftr-433	172	5	ii.e	ii.e	ADV
ftr-433	172	6	.	.	PUNCT
ftr-433	173	1	the	the	DET
ftr-433	173	2	types	type	NOUN
ftr-433	173	3	of	of	ADP
ftr-433	173	4	tangible	tangible	ADJ
ftr-433	173	5	short	short	ADV
ftr-433	173	6	-	-	PUNCT
ftr-433	173	7	lived	live	VERB
ftr-433	173	8	real	real	ADJ
ftr-433	173	9	assets	asset	NOUN
ftr-433	173	10	discussed	discuss	VERB
ftr-433	173	11	in	in	ADP
ftr-433	173	12	this	this	DET
ftr-433	173	13	article	article	NOUN
ftr-433	173	14	are	be	AUX
ftr-433	173	15	generally	generally	ADV
ftr-433	173	16	subject	subject	ADJ
ftr-433	173	17	to	to	ADP
ftr-433	173	18	both	both	PRON
ftr-433	173	19	the	the	DET
ftr-433	173	20	accelerated	accelerate	VERB
ftr-433	173	21	cost	cost	NOUN
ftr-433	173	22	recovery	recovery	NOUN
ftr-433	173	23	system	system	NOUN
ftr-433	173	24	of	of	ADP
ftr-433	173	25	irc	irc	PROPN
ftr-433	173	26	§	§	PROPN
ftr-433	173	27	168	168	NUM
ftr-433	173	28	(	(	PUNCT
ftr-433	173	29	accelerated	accelerate	VERB
ftr-433	173	30	cost	cost	NOUN
ftr-433	173	31	recovery	recovery	NOUN
ftr-433	173	32	system	system	NOUN
ftr-433	173	33	)	)	PUNCT
ftr-433	173	34	,	,	PUNCT
ftr-433	173	35	but	but	CCONJ
ftr-433	173	36	also	also	ADV
ftr-433	173	37	to	to	PART
ftr-433	173	38	irc	irc	VERB
ftr-433	173	39	§	§	PROPN
ftr-433	173	40	179	179	NUM
ftr-433	173	41	(	(	PUNCT
ftr-433	173	42	election	election	NOUN
ftr-433	173	43	to	to	PART
ftr-433	173	44	expense	expense	VERB
ftr-433	173	45	certain	certain	ADJ
ftr-433	173	46	depreciable	depreciable	ADJ
ftr-433	173	47	business	business	NOUN
ftr-433	173	48	assets	asset	NOUN
ftr-433	173	49	)	)	PUNCT
ftr-433	173	50	at	at	ADP
ftr-433	173	51	the	the	DET
ftr-433	173	52	election	election	NOUN
ftr-433	173	53	of	of	ADP
ftr-433	173	54	the	the	DET
ftr-433	173	55	taxpayer	taxpayer	NOUN
ftr-433	173	56	under	under	ADP
ftr-433	173	57	certain	certain	ADJ
ftr-433	173	58	conditions	condition	NOUN
ftr-433	173	59	.	.	PUNCT
ftr-433	174	1	the	the	DET
ftr-433	174	2	former	former	ADJ
ftr-433	174	3	system	system	NOUN
ftr-433	174	4	has	have	AUX
ftr-433	174	5	been	be	AUX
ftr-433	174	6	“	"	PUNCT
ftr-433	174	7	expensing	expense	VERB
ftr-433	174	8	-	-	PUNCT
ftr-433	174	9	equivalent	equivalent	NOUN
ftr-433	174	10	”	"	PUNCT
ftr-433	174	11	at	at	ADP
ftr-433	174	12	certain	certain	ADJ
ftr-433	174	13	times	time	NOUN
ftr-433	174	14	.	.	PUNCT
ftr-433	175	1	i	i	PRON
ftr-433	175	2	d.	d.	PROPN
ftr-433	175	3	the	the	DET
ftr-433	175	4	realization	realization	NOUN
ftr-433	175	5	principle	principle	NOUN
ftr-433	175	6	as	as	ADP
ftr-433	175	7	an	an	DET
ftr-433	175	8	aberration	aberration	NOUN
ftr-433	175	9	that	that	PRON
ftr-433	175	10	should	should	AUX
ftr-433	175	11	be	be	AUX
ftr-433	175	12	corrected	correct	VERB
ftr-433	175	13	or	or	CCONJ
ftr-433	175	14	compensated	compensate	VERB
ftr-433	175	15	for	for	ADP
ftr-433	175	16	in	in	ADP
ftr-433	175	17	the	the	DET
ftr-433	175	18	area	area	NOUN
ftr-433	175	19	of	of	ADP
ftr-433	175	20	capital	capital	NOUN
ftr-433	175	21	income	income	NOUN
ftr-433	175	22	taxation	taxation	NOUN
ftr-433	175	23	.	.	PUNCT
ftr-433	176	1	both	both	PRON
ftr-433	176	2	of	of	ADP
ftr-433	176	3	these	these	DET
ftr-433	176	4	positions15	positions15	NOUN
ftr-433	176	5	suggest	suggest	VERB
ftr-433	176	6	that	that	SCONJ
ftr-433	176	7	the	the	DET
ftr-433	176	8	u.s	u.s	PROPN
ftr-433	176	9	.	.	PROPN
ftr-433	176	10	rbit	rbit	PROPN
ftr-433	176	11	base	base	NOUN
ftr-433	176	12	should	should	AUX
ftr-433	176	13	be	be	AUX
ftr-433	176	14	made	make	VERB
ftr-433	176	15	to	to	PART
ftr-433	176	16	more	more	ADV
ftr-433	176	17	closely	closely	ADV
ftr-433	176	18	resemble	resemble	VERB
ftr-433	176	19	an	an	DET
ftr-433	176	20	amit	amit	NOUN
ftr-433	176	21	base	base	NOUN
ftr-433	176	22	.	.	PUNCT
ftr-433	177	1	on	on	ADP
ftr-433	177	2	the	the	DET
ftr-433	177	3	other	other	ADJ
ftr-433	177	4	hand	hand	NOUN
ftr-433	177	5	,	,	PUNCT
ftr-433	177	6	since	since	SCONJ
ftr-433	177	7	the	the	DET
ftr-433	177	8	early	early	ADJ
ftr-433	177	9	1980	1980	NUM
ftr-433	177	10	’s	’s	PART
ftr-433	177	11	congressional	congressional	ADJ
ftr-433	177	12	cost	cost	NOUN
ftr-433	177	13	recovery	recovery	NOUN
ftr-433	177	14	policy	policy	NOUN
ftr-433	177	15	has	have	AUX
ftr-433	177	16	clearly	clearly	ADV
ftr-433	177	17	shifted	shift	VERB
ftr-433	177	18	toward	toward	ADP
ftr-433	177	19	expensing	expensing	NOUN
ftr-433	177	20	,	,	PUNCT
ftr-433	177	21	which	which	PRON
ftr-433	177	22	makes	make	VERB
ftr-433	177	23	the	the	DET
ftr-433	177	24	u.s	u.s	PROPN
ftr-433	177	25	.	.	PROPN
ftr-433	177	26	tax	tax	NOUN
ftr-433	177	27	base	base	NOUN
ftr-433	177	28	more	more	ADV
ftr-433	177	29	closely	closely	ADV
ftr-433	177	30	resemble	resemble	VERB
ftr-433	177	31	a	a	DET
ftr-433	177	32	consumption	consumption	NOUN
ftr-433	177	33	tax	tax	NOUN
ftr-433	177	34	base.16	base.16	PROPN
ftr-433	177	35	this	this	DET
ftr-433	177	36	article	article	NOUN
ftr-433	177	37	takes	take	VERB
ftr-433	177	38	a	a	DET
ftr-433	177	39	middle	middle	ADJ
ftr-433	177	40	ground	ground	NOUN
ftr-433	177	41	and	and	CCONJ
ftr-433	177	42	asks	ask	VERB
ftr-433	177	43	whether	whether	SCONJ
ftr-433	177	44	a	a	DET
ftr-433	177	45	rbit	rbit	NOUN
ftr-433	177	46	base	base	NOUN
ftr-433	177	47	has	have	VERB
ftr-433	177	48	intrinsic	intrinsic	ADJ
ftr-433	177	49	or	or	CCONJ
ftr-433	177	50	normative	normative	ADJ
ftr-433	177	51	structural	structural	ADJ
ftr-433	177	52	and	and	CCONJ
ftr-433	177	53	accounting	accounting	NOUN
ftr-433	177	54	principles	principle	NOUN
ftr-433	177	55	that	that	PRON
ftr-433	177	56	indicate	indicate	VERB
ftr-433	177	57	a	a	DET
ftr-433	177	58	third	third	ADJ
ftr-433	177	59	direction	direction	NOUN
ftr-433	177	60	for	for	SCONJ
ftr-433	177	61	u.s	u.s	PROPN
ftr-433	177	62	.	.	PROPN
ftr-433	177	63	cost	cost	NOUN
ftr-433	177	64	recovery	recovery	NOUN
ftr-433	177	65	policy	policy	NOUN
ftr-433	177	66	to	to	PART
ftr-433	177	67	take	take	VERB
ftr-433	177	68	.	.	PUNCT
ftr-433	178	1	in	in	ADP
ftr-433	178	2	the	the	DET
ftr-433	178	3	context	context	NOUN
ftr-433	178	4	of	of	ADP
ftr-433	178	5	capitalfinanced	capitalfinanced	ADJ
ftr-433	178	6	,	,	PUNCT
ftr-433	178	7	short	short	NOUN
ftr-433	178	8	-	-	PUNCT
ftr-433	178	9	lived	live	VERB
ftr-433	178	10	,	,	PUNCT
ftr-433	178	11	and	and	CCONJ
ftr-433	178	12	completely	completely	ADV
ftr-433	178	13	wasting	waste	VERB
ftr-433	178	14	assets	asset	NOUN
ftr-433	178	15	this	this	DET
ftr-433	178	16	article	article	NOUN
ftr-433	178	17	answers	answer	VERB
ftr-433	178	18	that	that	SCONJ
ftr-433	178	19	question	question	NOUN
ftr-433	178	20	in	in	ADP
ftr-433	178	21	the	the	DET
ftr-433	178	22	affirmative	affirmative	NOUN
ftr-433	178	23	.	.	PUNCT
ftr-433	179	1	this	this	DET
ftr-433	179	2	article	article	NOUN
ftr-433	179	3	assumes	assume	VERB
ftr-433	179	4	that	that	SCONJ
ftr-433	179	5	normative	normative	ADJ
ftr-433	179	6	capital	capital	NOUN
ftr-433	179	7	cost	cost	NOUN
ftr-433	179	8	recovery	recovery	NOUN
ftr-433	179	9	principles	principle	NOUN
ftr-433	179	10	for	for	ADP
ftr-433	179	11	a	a	DET
ftr-433	179	12	realization	realization	NOUN
ftr-433	179	13	-	-	PUNCT
ftr-433	179	14	based	base	VERB
ftr-433	179	15	income	income	NOUN
ftr-433	179	16	tax	tax	NOUN
ftr-433	179	17	base	base	NOUN
ftr-433	179	18	may	may	AUX
ftr-433	179	19	be	be	AUX
ftr-433	179	20	determined	determine	VERB
ftr-433	179	21	by	by	ADP
ftr-433	179	22	extrapolating	extrapolate	VERB
ftr-433	179	23	from	from	ADP
ftr-433	179	24	a	a	DET
ftr-433	179	25	deep	deep	ADJ
ftr-433	179	26	analysis	analysis	NOUN
ftr-433	179	27	of	of	ADP
ftr-433	179	28	the	the	DET
ftr-433	179	29	capital	capital	NOUN
ftr-433	179	30	formation	formation	NOUN
ftr-433	179	31	,	,	PUNCT
ftr-433	179	32	capital	capital	NOUN
ftr-433	179	33	recovery	recovery	NOUN
ftr-433	179	34	and	and	CCONJ
ftr-433	179	35	realization	realization	NOUN
ftr-433	179	36	principles	principle	NOUN
ftr-433	179	37	just	just	ADV
ftr-433	179	38	described	describe	VERB
ftr-433	179	39	.	.	PUNCT
ftr-433	180	1	this	this	DET
ftr-433	180	2	article	article	NOUN
ftr-433	180	3	does	do	AUX
ftr-433	180	4	not	not	PART
ftr-433	180	5	treat	treat	VERB
ftr-433	180	6	these	these	DET
ftr-433	180	7	principles	principle	NOUN
ftr-433	180	8	merely	merely	ADV
ftr-433	180	9	as	as	ADP
ftr-433	180	10	practical	practical	ADJ
ftr-433	180	11	deviations	deviation	NOUN
ftr-433	180	12	from	from	ADP
ftr-433	180	13	a	a	DET
ftr-433	180	14	haig	haig	PROPN
ftr-433	180	15	-	-	PUNCT
ftr-433	180	16	simons	simons	PROPN
ftr-433	180	17	income	income	NOUN
ftr-433	180	18	tax	tax	NOUN
ftr-433	180	19	,	,	PUNCT
ftr-433	180	20	but	but	CCONJ
ftr-433	180	21	as	as	ADP
ftr-433	180	22	the	the	DET
ftr-433	180	23	normative	normative	ADJ
ftr-433	180	24	structural	structural	ADJ
ftr-433	180	25	and	and	CCONJ
ftr-433	180	26	accounting	accounting	NOUN
ftr-433	180	27	features	feature	NOUN
ftr-433	180	28	of	of	ADP
ftr-433	180	29	a	a	DET
ftr-433	180	30	unique	unique	ADJ
ftr-433	180	31	and	and	CCONJ
ftr-433	180	32	functionally	functionally	ADV
ftr-433	180	33	discrete	discrete	ADJ
ftr-433	180	34	tax	tax	NOUN
ftr-433	180	35	base	base	NOUN
ftr-433	180	36	.	.	PUNCT
ftr-433	181	1	rather	rather	ADV
ftr-433	181	2	than	than	ADP
ftr-433	181	3	attempting	attempt	VERB
ftr-433	181	4	to	to	PART
ftr-433	181	5	correct	correct	VERB
ftr-433	181	6	or	or	CCONJ
ftr-433	181	7	adjust	adjust	VERB
ftr-433	181	8	the	the	DET
ftr-433	181	9	u.s	u.s	PROPN
ftr-433	181	10	.	.	PROPN
ftr-433	181	11	rbit	rbit	NOUN
ftr-433	181	12	in	in	ADP
ftr-433	181	13	order	order	NOUN
ftr-433	181	14	to	to	PART
ftr-433	181	15	emulate	emulate	VERB
ftr-433	181	16	or	or	CCONJ
ftr-433	181	17	replicate	replicate	VERB
ftr-433	181	18	the	the	DET
ftr-433	181	19	financial	financial	ADJ
ftr-433	181	20	or	or	CCONJ
ftr-433	181	21	economic	economic	ADJ
ftr-433	181	22	characteristics	characteristic	NOUN
ftr-433	181	23	of	of	ADP
ftr-433	181	24	an	an	DET
ftr-433	181	25	amit	amit	NOUN
ftr-433	181	26	,	,	PUNCT
ftr-433	181	27	this	this	DET
ftr-433	181	28	article	article	NOUN
ftr-433	181	29	shows	show	VERB
ftr-433	181	30	how	how	SCONJ
ftr-433	181	31	a	a	DET
ftr-433	181	32	particular	particular	ADJ
ftr-433	181	33	object	object	NOUN
ftr-433	181	34	of	of	ADP
ftr-433	181	35	rbit	rbit	ADJ
ftr-433	181	36	capital	capital	NOUN
ftr-433	181	37	income	income	NOUN
ftr-433	181	38	taxation	taxation	NOUN
ftr-433	181	39	policy	policy	NOUN
ftr-433	181	40	–	–	PUNCT
ftr-433	181	41	capital	capital	NOUN
ftr-433	181	42	cost	cost	NOUN
ftr-433	181	43	recovery	recovery	NOUN
ftr-433	181	44	for	for	ADP
ftr-433	181	45	short	short	ADV
ftr-433	181	46	-	-	PUNCT
ftr-433	181	47	lived	live	VERB
ftr-433	181	48	completely	completely	ADV
ftr-433	181	49	wasting	waste	VERB
ftr-433	181	50	assets	asset	NOUN
ftr-433	181	51	–	–	PUNCT
ftr-433	181	52	can	can	AUX
ftr-433	181	53	be	be	AUX
ftr-433	181	54	structured	structure	VERB
ftr-433	181	55	using	use	VERB
ftr-433	181	56	these	these	DET
ftr-433	181	57	normative	normative	ADJ
ftr-433	181	58	principles	principle	NOUN
ftr-433	181	59	.	.	PUNCT
ftr-433	182	1	this	this	DET
ftr-433	182	2	article	article	NOUN
ftr-433	182	3	adopts	adopt	VERB
ftr-433	182	4	three	three	NUM
ftr-433	182	5	major	major	ADJ
ftr-433	182	6	analytical	analytical	ADJ
ftr-433	182	7	assumptions	assumption	NOUN
ftr-433	182	8	.	.	PUNCT
ftr-433	183	1	first	first	ADV
ftr-433	183	2	,	,	PUNCT
ftr-433	183	3	normative	normative	ADJ
ftr-433	183	4	rbit	rbit	NOUN
ftr-433	183	5	base	base	NOUN
ftr-433	183	6	structural	structural	ADJ
ftr-433	183	7	and	and	CCONJ
ftr-433	183	8	accounting	accounting	NOUN
ftr-433	183	9	principles	principle	NOUN
ftr-433	183	10	can	can	AUX
ftr-433	183	11	be	be	AUX
ftr-433	183	12	best	well	ADV
ftr-433	183	13	understood	understand	VERB
ftr-433	183	14	through	through	ADP
ftr-433	183	15	a	a	DET
ftr-433	183	16	comparative	comparative	ADJ
ftr-433	183	17	analysis	analysis	NOUN
ftr-433	183	18	of	of	ADP
ftr-433	183	19	those	those	DET
ftr-433	183	20	principles	principle	NOUN
ftr-433	183	21	and	and	CCONJ
ftr-433	183	22	their	their	PRON
ftr-433	183	23	functional	functional	ADJ
ftr-433	183	24	equivalents	equivalent	NOUN
ftr-433	183	25	in	in	ADP
ftr-433	183	26	amit	amit	PROPN
ftr-433	183	27	and	and	CCONJ
ftr-433	183	28	cfit	cfit	NOUN
ftr-433	183	29	bases	basis	NOUN
ftr-433	183	30	.	.	PUNCT
ftr-433	184	1	therefore	therefore	ADV
ftr-433	184	2	,	,	PUNCT
ftr-433	184	3	this	this	DET
ftr-433	184	4	article	article	NOUN
ftr-433	184	5	adopts	adopt	VERB
ftr-433	184	6	a	a	DET
ftr-433	184	7	comparative	comparative	ADJ
ftr-433	184	8	approach	approach	NOUN
ftr-433	184	9	to	to	ADP
ftr-433	184	10	analyzing	analyze	VERB
ftr-433	184	11	rbit	rbit	NOUN
ftr-433	184	12	base	base	NOUN
ftr-433	184	13	capital	capital	NOUN
ftr-433	184	14	income	income	NOUN
ftr-433	184	15	taxation	taxation	NOUN
ftr-433	184	16	policy	policy	NOUN
ftr-433	184	17	in	in	ADP
ftr-433	184	18	general	general	ADJ
ftr-433	184	19	and	and	CCONJ
ftr-433	184	20	cost	cost	NOUN
ftr-433	184	21	recovery	recovery	NOUN
ftr-433	184	22	policy	policy	NOUN
ftr-433	184	23	in	in	ADP
ftr-433	184	24	particular	particular	ADJ
ftr-433	184	25	.	.	PUNCT
ftr-433	185	1	second	second	ADJ
ftr-433	185	2	,	,	PUNCT
ftr-433	185	3	rbit	rbit	VERB
ftr-433	185	4	base	base	NOUN
ftr-433	185	5	cost	cost	NOUN
ftr-433	185	6	recovery	recovery	NOUN
ftr-433	185	7	methods	method	NOUN
ftr-433	185	8	themselves	themselves	PRON
ftr-433	185	9	should	should	AUX
ftr-433	185	10	be	be	AUX
ftr-433	185	11	analyzed	analyze	VERB
ftr-433	185	12	in	in	ADP
ftr-433	185	13	a	a	DET
ftr-433	185	14	comparative	comparative	ADJ
ftr-433	185	15	manner	manner	NOUN
ftr-433	185	16	,	,	PUNCT
ftr-433	185	17	and	and	CCONJ
ftr-433	185	18	such	such	DET
ftr-433	185	19	an	an	DET
ftr-433	185	20	analysis	analysis	NOUN
ftr-433	185	21	must	must	AUX
ftr-433	185	22	necessarily	necessarily	ADV
ftr-433	185	23	take	take	VERB
ftr-433	185	24	place	place	NOUN
ftr-433	185	25	in	in	ADP
ftr-433	185	26	a	a	DET
ftr-433	185	27	common	common	ADJ
ftr-433	185	28	economic	economic	ADJ
ftr-433	185	29	context	context	NOUN
ftr-433	185	30	.	.	PUNCT
ftr-433	186	1	capital	capital	NOUN
ftr-433	186	2	-	-	PUNCT
ftr-433	186	3	financed	finance	VERB
ftr-433	186	4	investment	investment	NOUN
ftr-433	186	5	was	be	AUX
ftr-433	186	6	chosen	choose	VERB
ftr-433	186	7	for	for	ADP
ftr-433	186	8	this	this	DET
ftr-433	186	9	context	context	NOUN
ftr-433	186	10	because	because	SCONJ
ftr-433	186	11	capital	capital	NOUN
ftr-433	186	12	formation	formation	NOUN
ftr-433	186	13	is	be	AUX
ftr-433	186	14	a	a	DET
ftr-433	186	15	central	central	ADJ
ftr-433	186	16	structural	structural	ADJ
ftr-433	186	17	principle	principle	NOUN
ftr-433	186	18	of	of	ADP
ftr-433	186	19	a	a	DET
ftr-433	186	20	rbit	rbit	NOUN
ftr-433	186	21	base	base	NOUN
ftr-433	186	22	and	and	CCONJ
ftr-433	186	23	this	this	DET
ftr-433	186	24	context	context	NOUN
ftr-433	186	25	allows	allow	VERB
ftr-433	186	26	cost	cost	NOUN
ftr-433	186	27	recovery	recovery	NOUN
ftr-433	186	28	methods	method	NOUN
ftr-433	186	29	to	to	PART
ftr-433	186	30	be	be	AUX
ftr-433	186	31	comparatively	comparatively	ADV
ftr-433	186	32	analyzed	analyze	VERB
ftr-433	186	33	independently	independently	ADV
ftr-433	186	34	of	of	ADP
ftr-433	186	35	many	many	ADJ
ftr-433	186	36	other	other	ADJ
ftr-433	186	37	tax	tax	NOUN
ftr-433	186	38	policy	policy	NOUN
ftr-433	186	39	474	474	NUM
ftr-433	187	1	florida	florida	PROPN
ftr-433	187	2	tax	tax	PROPN
ftr-433	187	3	review	review	NOUN
ftr-433	188	1	[	[	X
ftr-433	188	2	vol	vol	NOUN
ftr-433	188	3	.	.	PUNCT
ftr-433	188	4	5:7	5:7	NUM
ftr-433	188	5	17	17	NUM
ftr-433	188	6	.	.	PUNCT
ftr-433	189	1	for	for	ADP
ftr-433	189	2	example	example	NOUN
ftr-433	189	3	,	,	PUNCT
ftr-433	189	4	this	this	DET
ftr-433	189	5	article	article	NOUN
ftr-433	189	6	restricts	restrict	VERB
ftr-433	189	7	its	its	PRON
ftr-433	189	8	analysis	analysis	NOUN
ftr-433	189	9	to	to	ADP
ftr-433	189	10	capital	capital	NOUN
ftr-433	189	11	-	-	PUNCT
ftr-433	189	12	financed	finance	VERB
ftr-433	189	13	,	,	PUNCT
ftr-433	189	14	shortlived	shortlive	VERB
ftr-433	189	15	,	,	PUNCT
ftr-433	189	16	completely	completely	ADV
ftr-433	189	17	wasting	waste	VERB
ftr-433	189	18	assets	asset	NOUN
ftr-433	189	19	.	.	PUNCT
ftr-433	190	1	analyzing	analyze	VERB
ftr-433	190	2	longer	long	ADV
ftr-433	190	3	-	-	PUNCT
ftr-433	190	4	lived	live	VERB
ftr-433	190	5	,	,	PUNCT
ftr-433	190	6	incompletely	incompletely	ADV
ftr-433	190	7	-	-	PUNCT
ftr-433	190	8	wasting	waste	VERB
ftr-433	190	9	or	or	CCONJ
ftr-433	190	10	debtfinanced	debtfinance	VERB
ftr-433	190	11	assets	asset	NOUN
ftr-433	190	12	would	would	AUX
ftr-433	190	13	require	require	VERB
ftr-433	190	14	consideration	consideration	NOUN
ftr-433	190	15	of	of	ADP
ftr-433	190	16	a	a	DET
ftr-433	190	17	much	much	ADV
ftr-433	190	18	broader	broad	ADJ
ftr-433	190	19	range	range	NOUN
ftr-433	190	20	of	of	ADP
ftr-433	190	21	issues	issue	NOUN
ftr-433	190	22	.	.	PUNCT
ftr-433	191	1	this	this	DET
ftr-433	191	2	article	article	NOUN
ftr-433	191	3	is	be	AUX
ftr-433	191	4	designed	design	VERB
ftr-433	191	5	to	to	PART
ftr-433	191	6	elucidate	elucidate	VERB
ftr-433	191	7	only	only	ADV
ftr-433	191	8	the	the	DET
ftr-433	191	9	most	most	ADV
ftr-433	191	10	fundamental	fundamental	ADJ
ftr-433	191	11	principles	principle	NOUN
ftr-433	191	12	of	of	ADP
ftr-433	191	13	normative	normative	ADJ
ftr-433	191	14	rbit	rbit	NOUN
ftr-433	191	15	based	base	VERB
ftr-433	191	16	cost	cost	NOUN
ftr-433	191	17	recovery	recovery	NOUN
ftr-433	191	18	.	.	PUNCT
ftr-433	192	1	18	18	NUM
ftr-433	192	2	.	.	PUNCT
ftr-433	193	1	the	the	DET
ftr-433	193	2	term	term	NOUN
ftr-433	193	3	“	"	PUNCT
ftr-433	193	4	depreciable	depreciable	ADJ
ftr-433	193	5	assets	asset	NOUN
ftr-433	193	6	”	"	PUNCT
ftr-433	193	7	is	be	AUX
ftr-433	193	8	used	use	VERB
ftr-433	193	9	generically	generically	ADV
ftr-433	193	10	in	in	ADP
ftr-433	193	11	this	this	DET
ftr-433	193	12	context	context	NOUN
ftr-433	193	13	.	.	PUNCT
ftr-433	194	1	this	this	DET
ftr-433	194	2	article	article	NOUN
ftr-433	194	3	uses	use	VERB
ftr-433	194	4	the	the	DET
ftr-433	194	5	term	term	NOUN
ftr-433	194	6	depreciation	depreciation	NOUN
ftr-433	194	7	to	to	PART
ftr-433	194	8	refer	refer	VERB
ftr-433	194	9	to	to	ADP
ftr-433	194	10	the	the	DET
ftr-433	194	11	tax	tax	NOUN
ftr-433	194	12	base	base	NOUN
ftr-433	194	13	structural	structural	ADJ
ftr-433	194	14	and	and	CCONJ
ftr-433	194	15	accounting	accounting	NOUN
ftr-433	194	16	principle	principle	NOUN
ftr-433	194	17	applied	apply	VERB
ftr-433	194	18	to	to	ADP
ftr-433	194	19	“	"	PUNCT
ftr-433	194	20	depreciable	depreciable	ADJ
ftr-433	194	21	assets	asset	NOUN
ftr-433	194	22	”	"	PUNCT
ftr-433	194	23	in	in	ADP
ftr-433	194	24	an	an	DET
ftr-433	194	25	amit	amit	NOUN
ftr-433	194	26	base	base	NOUN
ftr-433	194	27	,	,	PUNCT
ftr-433	194	28	and	and	CCONJ
ftr-433	194	29	the	the	DET
ftr-433	194	30	term	term	NOUN
ftr-433	194	31	“	"	PUNCT
ftr-433	194	32	cost	cost	NOUN
ftr-433	194	33	recovery	recovery	NOUN
ftr-433	194	34	”	"	PUNCT
ftr-433	194	35	to	to	PART
ftr-433	194	36	refer	refer	VERB
ftr-433	194	37	to	to	ADP
ftr-433	194	38	the	the	DET
ftr-433	194	39	similar	similar	ADJ
ftr-433	194	40	but	but	CCONJ
ftr-433	194	41	also	also	ADV
ftr-433	194	42	different	different	ADJ
ftr-433	194	43	principle	principle	NOUN
ftr-433	194	44	applied	apply	VERB
ftr-433	194	45	to	to	ADP
ftr-433	194	46	“	"	PUNCT
ftr-433	194	47	depreciable	depreciable	ADJ
ftr-433	194	48	assets	asset	NOUN
ftr-433	194	49	”	"	PUNCT
ftr-433	194	50	in	in	ADP
ftr-433	194	51	a	a	DET
ftr-433	194	52	rbit	rbit	NOUN
ftr-433	194	53	base	base	NOUN
ftr-433	194	54	.	.	PUNCT
ftr-433	195	1	19	19	NUM
ftr-433	195	2	.	.	NOUN
ftr-433	195	3	outside	outside	ADP
ftr-433	195	4	of	of	ADP
ftr-433	195	5	this	this	DET
ftr-433	195	6	context	context	NOUN
ftr-433	195	7	,	,	PUNCT
ftr-433	195	8	cost	cost	NOUN
ftr-433	195	9	recovery	recovery	NOUN
ftr-433	195	10	methods	method	NOUN
ftr-433	195	11	per	per	X
ftr-433	195	12	se	se	X
ftr-433	195	13	can	can	AUX
ftr-433	195	14	not	not	PART
ftr-433	195	15	be	be	AUX
ftr-433	195	16	compared	compare	VERB
ftr-433	195	17	in	in	ADP
ftr-433	195	18	a	a	DET
ftr-433	195	19	consistent	consistent	ADJ
ftr-433	195	20	tax	tax	NOUN
ftr-433	195	21	base	base	NOUN
ftr-433	195	22	structural	structural	ADJ
ftr-433	195	23	context	context	NOUN
ftr-433	195	24	.	.	PUNCT
ftr-433	196	1	see	see	VERB
ftr-433	196	2	discussion	discussion	NOUN
ftr-433	196	3	at	at	ADP
ftr-433	196	4	infra	infra	NOUN
ftr-433	196	5	part	part	NOUN
ftr-433	196	6	iv.a	iv.a	VERB
ftr-433	196	7	.	.	PUNCT
ftr-433	197	1	20	20	NUM
ftr-433	197	2	.	.	PUNCT
ftr-433	198	1	“	"	PUNCT
ftr-433	198	2	earnings	earning	NOUN
ftr-433	198	3	”	"	PUNCT
ftr-433	198	4	in	in	ADP
ftr-433	198	5	this	this	DET
ftr-433	198	6	context	context	NOUN
ftr-433	198	7	refers	refer	VERB
ftr-433	198	8	to	to	ADP
ftr-433	198	9	net	net	ADJ
ftr-433	198	10	taxable	taxable	ADJ
ftr-433	198	11	income	income	NOUN
ftr-433	198	12	from	from	ADP
ftr-433	198	13	all	all	DET
ftr-433	198	14	sources	source	NOUN
ftr-433	198	15	other	other	ADJ
ftr-433	198	16	than	than	SCONJ
ftr-433	198	17	the	the	DET
ftr-433	198	18	investment	investment	NOUN
ftr-433	198	19	being	be	AUX
ftr-433	198	20	analyzed	analyze	VERB
ftr-433	198	21	,	,	PUNCT
ftr-433	198	22	but	but	CCONJ
ftr-433	198	23	is	be	AUX
ftr-433	198	24	otherwise	otherwise	ADV
ftr-433	198	25	determined	determine	VERB
ftr-433	198	26	in	in	ADP
ftr-433	198	27	the	the	DET
ftr-433	198	28	usual	usual	ADJ
ftr-433	198	29	manner	manner	NOUN
ftr-433	198	30	.	.	PUNCT
ftr-433	199	1	any	any	DET
ftr-433	199	2	first	first	ADJ
ftr-433	199	3	year	year	NOUN
ftr-433	199	4	cost	cost	NOUN
ftr-433	199	5	recovery	recovery	NOUN
ftr-433	199	6	deductions	deduction	NOUN
ftr-433	199	7	that	that	PRON
ftr-433	199	8	are	be	AUX
ftr-433	199	9	allowed	allow	VERB
ftr-433	199	10	under	under	ADP
ftr-433	199	11	a	a	DET
ftr-433	199	12	given	give	VERB
ftr-433	199	13	cost	cost	NOUN
ftr-433	199	14	recovery	recovery	NOUN
ftr-433	199	15	method	method	NOUN
ftr-433	199	16	are	be	AUX
ftr-433	199	17	also	also	ADV
ftr-433	199	18	treated	treat	VERB
ftr-433	199	19	in	in	ADP
ftr-433	199	20	the	the	DET
ftr-433	199	21	usual	usual	ADJ
ftr-433	199	22	manner	manner	NOUN
ftr-433	199	23	,	,	PUNCT
ftr-433	199	24	even	even	ADV
ftr-433	199	25	if	if	SCONJ
ftr-433	199	26	they	they	PRON
ftr-433	199	27	offset	offset	VERB
ftr-433	199	28	“	"	PUNCT
ftr-433	199	29	earnings	earning	NOUN
ftr-433	199	30	”	"	PUNCT
ftr-433	199	31	and	and	CCONJ
ftr-433	199	32	further	far	ADV
ftr-433	199	33	reduce	reduce	VERB
ftr-433	199	34	taxable	taxable	ADJ
ftr-433	199	35	income	income	NOUN
ftr-433	199	36	.	.	PUNCT
ftr-433	200	1	“	"	PUNCT
ftr-433	200	2	capital	capital	NOUN
ftr-433	200	3	”	"	PUNCT
ftr-433	200	4	is	be	AUX
ftr-433	200	5	the	the	DET
ftr-433	200	6	amount	amount	NOUN
ftr-433	200	7	of	of	ADP
ftr-433	200	8	after	after	ADP
ftr-433	200	9	-	-	PUNCT
ftr-433	200	10	tax	tax	NOUN
ftr-433	200	11	dollars	dollar	NOUN
ftr-433	200	12	remaining	remain	VERB
ftr-433	200	13	after	after	ADP
ftr-433	200	14	tax	tax	NOUN
ftr-433	200	15	is	be	AUX
ftr-433	200	16	paid	pay	VERB
ftr-433	200	17	on	on	ADP
ftr-433	200	18	net	net	ADJ
ftr-433	200	19	taxable	taxable	ADJ
ftr-433	200	20	income	income	NOUN
ftr-433	200	21	after	after	SCONJ
ftr-433	200	22	all	all	DET
ftr-433	200	23	cost	cost	NOUN
ftr-433	200	24	recovery	recovery	NOUN
ftr-433	200	25	deductions	deduction	NOUN
ftr-433	200	26	offsets	offset	NOUN
ftr-433	200	27	are	be	AUX
ftr-433	200	28	allowed	allow	VERB
ftr-433	200	29	.	.	PUNCT
ftr-433	201	1	issues	issue	NOUN
ftr-433	201	2	.	.	PUNCT
ftr-433	202	1	third	third	ADV
ftr-433	202	2	,	,	PUNCT
ftr-433	202	3	this	this	DET
ftr-433	202	4	article	article	NOUN
ftr-433	202	5	financially	financially	ADV
ftr-433	202	6	analyzes	analyze	VERB
ftr-433	202	7	cost	cost	NOUN
ftr-433	202	8	recovery	recovery	NOUN
ftr-433	202	9	methods	method	NOUN
ftr-433	202	10	because17	because17	VERB
ftr-433	202	11	most	most	ADJ
ftr-433	202	12	cost	cost	NOUN
ftr-433	202	13	recovery	recovery	NOUN
ftr-433	202	14	methods	method	NOUN
ftr-433	202	15	employed	employ	VERB
ftr-433	202	16	in	in	ADP
ftr-433	202	17	the	the	DET
ftr-433	202	18	u.s	u.s	PROPN
ftr-433	202	19	.	.	PROPN
ftr-433	202	20	are	be	AUX
ftr-433	202	21	multi	multi	ADJ
ftr-433	202	22	-	-	ADJ
ftr-433	202	23	period	period	ADJ
ftr-433	202	24	phenomena	phenomenon	NOUN
ftr-433	202	25	,	,	PUNCT
ftr-433	202	26	and	and	CCONJ
ftr-433	202	27	only	only	ADV
ftr-433	202	28	a	a	DET
ftr-433	202	29	comparative	comparative	ADJ
ftr-433	202	30	financial	financial	ADJ
ftr-433	202	31	analysis	analysis	NOUN
ftr-433	202	32	can	can	AUX
ftr-433	202	33	meaningfully	meaningfully	ADV
ftr-433	202	34	distinguish	distinguish	VERB
ftr-433	202	35	the	the	DET
ftr-433	202	36	tax	tax	NOUN
ftr-433	202	37	policy	policy	NOUN
ftr-433	202	38	effects	effect	NOUN
ftr-433	202	39	of	of	ADP
ftr-433	202	40	these	these	DET
ftr-433	202	41	methods	method	NOUN
ftr-433	202	42	from	from	ADP
ftr-433	202	43	each	each	DET
ftr-433	202	44	other	other	ADJ
ftr-433	202	45	.	.	PUNCT
ftr-433	203	1	starting	start	VERB
ftr-433	203	2	with	with	ADP
ftr-433	203	3	the	the	DET
ftr-433	203	4	third	third	ADJ
ftr-433	203	5	assumption	assumption	NOUN
ftr-433	203	6	,	,	PUNCT
ftr-433	203	7	part	part	NOUN
ftr-433	203	8	ii	ii	NOUN
ftr-433	203	9	of	of	ADP
ftr-433	203	10	this	this	DET
ftr-433	203	11	article	article	NOUN
ftr-433	203	12	first	first	ADV
ftr-433	203	13	analyzes	analyze	VERB
ftr-433	203	14	the	the	DET
ftr-433	203	15	financial	financial	ADJ
ftr-433	203	16	effects	effect	NOUN
ftr-433	203	17	produced	produce	VERB
ftr-433	203	18	by	by	ADP
ftr-433	203	19	the	the	DET
ftr-433	203	20	three	three	NUM
ftr-433	203	21	major	major	ADJ
ftr-433	203	22	rbit	rbit	NOUN
ftr-433	203	23	base	base	NOUN
ftr-433	203	24	cost	cost	NOUN
ftr-433	203	25	recovery	recovery	NOUN
ftr-433	203	26	methods	method	NOUN
ftr-433	203	27	–	–	PUNCT
ftr-433	203	28	economic	economic	ADJ
ftr-433	203	29	cost	cost	NOUN
ftr-433	203	30	recovery	recovery	NOUN
ftr-433	203	31	,	,	PUNCT
ftr-433	203	32	accelerated	accelerate	VERB
ftr-433	203	33	cost	cost	NOUN
ftr-433	203	34	recovery	recovery	NOUN
ftr-433	203	35	,	,	PUNCT
ftr-433	203	36	and	and	CCONJ
ftr-433	203	37	expensing	expense	VERB
ftr-433	203	38	–	–	PUNCT
ftr-433	203	39	on	on	ADP
ftr-433	203	40	the	the	DET
ftr-433	203	41	transactional	transactional	ADJ
ftr-433	203	42	level	level	NOUN
ftr-433	203	43	.	.	PUNCT
ftr-433	204	1	in	in	ADP
ftr-433	204	2	the	the	DET
ftr-433	204	3	process	process	NOUN
ftr-433	204	4	,	,	PUNCT
ftr-433	204	5	this	this	DET
ftr-433	204	6	part	part	NOUN
ftr-433	204	7	introduces	introduce	VERB
ftr-433	204	8	the	the	DET
ftr-433	204	9	investment	investment	NOUN
ftr-433	204	10	model	model	NOUN
ftr-433	204	11	and	and	CCONJ
ftr-433	204	12	some	some	PRON
ftr-433	204	13	of	of	ADP
ftr-433	204	14	the	the	DET
ftr-433	204	15	financial	financial	ADJ
ftr-433	204	16	analytical	analytical	ADJ
ftr-433	204	17	criteria	criterion	NOUN
ftr-433	204	18	used	use	VERB
ftr-433	204	19	to	to	PART
ftr-433	204	20	evaluate	evaluate	VERB
ftr-433	204	21	not	not	PART
ftr-433	204	22	only	only	ADV
ftr-433	204	23	rbit	rbit	NOUN
ftr-433	204	24	base	base	NOUN
ftr-433	204	25	cost	cost	NOUN
ftr-433	204	26	recovery	recovery	NOUN
ftr-433	204	27	methods	method	NOUN
ftr-433	204	28	but	but	CCONJ
ftr-433	204	29	also	also	ADV
ftr-433	204	30	the	the	DET
ftr-433	204	31	taxation	taxation	NOUN
ftr-433	204	32	of	of	ADP
ftr-433	204	33	this	this	DET
ftr-433	204	34	type	type	NOUN
ftr-433	204	35	of	of	ADP
ftr-433	204	36	depreciable	depreciable	ADJ
ftr-433	204	37	asset	asset	NOUN
ftr-433	204	38	in	in	ADP
ftr-433	204	39	all	all	DET
ftr-433	204	40	three	three	NUM
ftr-433	204	41	of	of	ADP
ftr-433	204	42	the	the	DET
ftr-433	204	43	tax	tax	NOUN
ftr-433	204	44	bases	basis	NOUN
ftr-433	204	45	considered	consider	VERB
ftr-433	204	46	.	.	PUNCT
ftr-433	205	1	part	part	NOUN
ftr-433	205	2	iii	iii	X
ftr-433	205	3	then	then	ADV
ftr-433	205	4	analyzes18	analyzes18	VERB
ftr-433	205	5	and	and	CCONJ
ftr-433	205	6	compares	compare	VERB
ftr-433	205	7	the	the	DET
ftr-433	205	8	structural	structural	ADJ
ftr-433	205	9	and	and	CCONJ
ftr-433	205	10	accounting	accounting	NOUN
ftr-433	205	11	principles	principle	NOUN
ftr-433	205	12	employed	employ	VERB
ftr-433	205	13	in	in	ADP
ftr-433	205	14	each	each	PRON
ftr-433	205	15	of	of	ADP
ftr-433	205	16	these	these	DET
ftr-433	205	17	tax	tax	NOUN
ftr-433	205	18	bases	basis	NOUN
ftr-433	205	19	,	,	PUNCT
ftr-433	205	20	going	go	VERB
ftr-433	205	21	into	into	ADP
ftr-433	205	22	the	the	DET
ftr-433	205	23	most	most	ADJ
ftr-433	205	24	detail	detail	NOUN
ftr-433	205	25	with	with	ADP
ftr-433	205	26	respect	respect	NOUN
ftr-433	205	27	to	to	ADP
ftr-433	205	28	a	a	DET
ftr-433	205	29	realization	realization	NOUN
ftr-433	205	30	-	-	PUNCT
ftr-433	205	31	based	base	VERB
ftr-433	205	32	income	income	NOUN
ftr-433	205	33	tax	tax	NOUN
ftr-433	205	34	.	.	PUNCT
ftr-433	206	1	this	this	DET
ftr-433	206	2	part	part	NOUN
ftr-433	206	3	ends	end	VERB
ftr-433	206	4	by	by	ADP
ftr-433	206	5	defining	define	VERB
ftr-433	206	6	the	the	DET
ftr-433	206	7	two	two	NUM
ftr-433	206	8	criteria	criterion	NOUN
ftr-433	206	9	that	that	PRON
ftr-433	206	10	are	be	AUX
ftr-433	206	11	used	use	VERB
ftr-433	206	12	to	to	PART
ftr-433	206	13	identify	identify	VERB
ftr-433	206	14	a	a	DET
ftr-433	206	15	normative	normative	ADJ
ftr-433	206	16	rbit	rbit	NOUN
ftr-433	206	17	base	base	NOUN
ftr-433	206	18	capital	capital	NOUN
ftr-433	206	19	cost	cost	NOUN
ftr-433	206	20	recovery	recovery	NOUN
ftr-433	206	21	method	method	NOUN
ftr-433	206	22	:	:	PUNCT
ftr-433	206	23	recovering	recover	VERB
ftr-433	206	24	the	the	DET
ftr-433	206	25	full	full	ADJ
ftr-433	206	26	cost	cost	NOUN
ftr-433	206	27	of	of	ADP
ftr-433	206	28	capital	capital	NOUN
ftr-433	206	29	investment	investment	NOUN
ftr-433	206	30	financially	financially	ADV
ftr-433	206	31	,	,	PUNCT
ftr-433	206	32	and	and	CCONJ
ftr-433	206	33	appropriately	appropriately	ADV
ftr-433	206	34	measuring	measure	VERB
ftr-433	206	35	net	net	ADJ
ftr-433	206	36	realized	realize	VERB
ftr-433	206	37	income	income	NOUN
ftr-433	206	38	financially	financially	ADV
ftr-433	206	39	.	.	PUNCT
ftr-433	207	1	for	for	ADP
ftr-433	207	2	this	this	DET
ftr-433	207	3	purpose	purpose	NOUN
ftr-433	207	4	,	,	PUNCT
ftr-433	207	5	“	"	PUNCT
ftr-433	207	6	appropriately	appropriately	ADV
ftr-433	207	7	”	"	PUNCT
ftr-433	207	8	means	mean	NOUN
ftr-433	207	9	in	in	ADP
ftr-433	207	10	a	a	DET
ftr-433	207	11	manner	manner	NOUN
ftr-433	207	12	consistent	consistent	ADJ
ftr-433	207	13	with	with	ADP
ftr-433	207	14	the	the	DET
ftr-433	207	15	fundamental	fundamental	ADJ
ftr-433	207	16	rbit	rbit	NOUN
ftr-433	207	17	base	base	NOUN
ftr-433	207	18	structural	structural	ADJ
ftr-433	207	19	and	and	CCONJ
ftr-433	207	20	accounting	accounting	NOUN
ftr-433	207	21	principles	principle	NOUN
ftr-433	207	22	described	describe	VERB
ftr-433	207	23	above	above	ADV
ftr-433	207	24	.	.	PUNCT
ftr-433	208	1	before	before	ADP
ftr-433	208	2	applying	apply	VERB
ftr-433	208	3	these	these	DET
ftr-433	208	4	criteria	criterion	NOUN
ftr-433	208	5	,	,	PUNCT
ftr-433	208	6	however	however	ADV
ftr-433	208	7	,	,	PUNCT
ftr-433	208	8	part	part	NOUN
ftr-433	208	9	iv	iv	NUM
ftr-433	208	10	takes	take	VERB
ftr-433	208	11	a	a	DET
ftr-433	208	12	deep	deep	ADJ
ftr-433	208	13	look	look	NOUN
ftr-433	208	14	at	at	ADP
ftr-433	208	15	the	the	DET
ftr-433	208	16	dynamics	dynamic	NOUN
ftr-433	208	17	of	of	ADP
ftr-433	208	18	capital	capital	NOUN
ftr-433	208	19	formation	formation	NOUN
ftr-433	208	20	,	,	PUNCT
ftr-433	208	21	capital	capital	NOUN
ftr-433	208	22	investment	investment	NOUN
ftr-433	208	23	and	and	CCONJ
ftr-433	208	24	capital	capital	NOUN
ftr-433	208	25	cost	cost	NOUN
ftr-433	208	26	recovery	recovery	NOUN
ftr-433	208	27	in	in	ADP
ftr-433	208	28	a	a	DET
ftr-433	208	29	rbit	rbit	NOUN
ftr-433	208	30	base	base	NOUN
ftr-433	208	31	.	.	PUNCT
ftr-433	209	1	this	this	DET
ftr-433	209	2	article	article	NOUN
ftr-433	209	3	defines	define	VERB
ftr-433	209	4	the	the	DET
ftr-433	209	5	term	term	NOUN
ftr-433	209	6	“	"	PUNCT
ftr-433	209	7	capital	capital	NOUN
ftr-433	209	8	cost	cost	NOUN
ftr-433	209	9	recovery	recovery	NOUN
ftr-433	209	10	”	"	PUNCT
ftr-433	209	11	as	as	ADP
ftr-433	209	12	the	the	DET
ftr-433	209	13	tax	tax	NOUN
ftr-433	209	14	-	-	PUNCT
ftr-433	209	15	free	free	ADJ
ftr-433	209	16	recovery	recovery	NOUN
ftr-433	209	17	of	of	ADP
ftr-433	209	18	the	the	DET
ftr-433	209	19	cost	cost	NOUN
ftr-433	209	20	of	of	ADP
ftr-433	209	21	investment	investment	NOUN
ftr-433	209	22	that	that	PRON
ftr-433	209	23	is	be	AUX
ftr-433	209	24	financed	finance	VERB
ftr-433	209	25	exclusively	exclusively	ADV
ftr-433	209	26	with	with	ADP
ftr-433	209	27	capital	capital	NOUN
ftr-433	209	28	,	,	PUNCT
ftr-433	209	29	or	or	CCONJ
ftr-433	209	30	previously	previously	ADV
ftr-433	209	31	taxed	tax	VERB
ftr-433	209	32	dollars	dollar	NOUN
ftr-433	209	33	.	.	PUNCT
ftr-433	210	1	part	part	NOUN
ftr-433	210	2	iv	iv	PRON
ftr-433	210	3	develops	develop	VERB
ftr-433	210	4	a	a	DET
ftr-433	210	5	formula	formula	NOUN
ftr-433	210	6	by	by	ADP
ftr-433	210	7	which	which	PRON
ftr-433	210	8	the	the	DET
ftr-433	210	9	maximum19	maximum19	NOUN
ftr-433	210	10	amount	amount	NOUN
ftr-433	210	11	that	that	PRON
ftr-433	210	12	can	can	AUX
ftr-433	210	13	be	be	AUX
ftr-433	210	14	invested	invest	VERB
ftr-433	210	15	in	in	ADP
ftr-433	210	16	a	a	DET
ftr-433	210	17	rbit	rbit	NOUN
ftr-433	210	18	base	base	NOUN
ftr-433	210	19	from	from	ADP
ftr-433	210	20	capital	capital	NOUN
ftr-433	210	21	under	under	ADP
ftr-433	210	22	any	any	DET
ftr-433	210	23	cost	cost	NOUN
ftr-433	210	24	recovery	recovery	NOUN
ftr-433	210	25	method	method	NOUN
ftr-433	210	26	can	can	AUX
ftr-433	210	27	be	be	AUX
ftr-433	210	28	expressed	express	VERB
ftr-433	210	29	as	as	ADP
ftr-433	210	30	a	a	DET
ftr-433	210	31	percentage	percentage	NOUN
ftr-433	210	32	of	of	ADP
ftr-433	210	33	net	net	ADJ
ftr-433	210	34	current	current	ADJ
ftr-433	210	35	earnings	earning	NOUN
ftr-433	210	36	and	and	CCONJ
ftr-433	210	37	as	as	ADP
ftr-433	210	38	a	a	DET
ftr-433	210	39	variable	variable	NOUN
ftr-433	210	40	of	of	ADP
ftr-433	210	41	the	the	DET
ftr-433	210	42	tax	tax	NOUN
ftr-433	210	43	rate	rate	NOUN
ftr-433	210	44	.	.	PUNCT
ftr-433	211	1	at	at	ADP
ftr-433	211	2	or	or	CCONJ
ftr-433	211	3	below	below	ADP
ftr-433	211	4	this	this	DET
ftr-433	211	5	fairly	fairly	ADV
ftr-433	211	6	high	high	ADJ
ftr-433	211	7	capital	capital	NOUN
ftr-433	211	8	formation20	formation20	NOUN
ftr-433	211	9	2002	2002	NUM
ftr-433	211	10	]	]	PUNCT
ftr-433	211	11	normative	normative	ADJ
ftr-433	211	12	capital	capital	NOUN
ftr-433	211	13	cost	cost	NOUN
ftr-433	211	14	recovery	recovery	NOUN
ftr-433	211	15	475	475	NUM
ftr-433	211	16	21	21	NUM
ftr-433	211	17	.	.	PUNCT
ftr-433	212	1	see	see	VERB
ftr-433	212	2	discussion	discussion	NOUN
ftr-433	212	3	,	,	PUNCT
ftr-433	212	4	infra	infra	NOUN
ftr-433	212	5	note	note	VERB
ftr-433	212	6	134	134	NUM
ftr-433	212	7	and	and	CCONJ
ftr-433	212	8	accompanying	accompany	VERB
ftr-433	212	9	text	text	NOUN
ftr-433	212	10	.	.	PUNCT
ftr-433	213	1	22	22	NUM
ftr-433	213	2	.	.	PUNCT
ftr-433	214	1	this	this	DET
ftr-433	214	2	analytical	analytical	ADJ
ftr-433	214	3	framework	framework	NOUN
ftr-433	214	4	is	be	AUX
ftr-433	214	5	very	very	ADV
ftr-433	214	6	different	different	ADJ
ftr-433	214	7	from	from	ADP
ftr-433	214	8	that	that	PRON
ftr-433	214	9	used	use	VERB
ftr-433	214	10	in	in	ADP
ftr-433	214	11	many	many	ADJ
ftr-433	214	12	other	other	ADJ
ftr-433	214	13	works	work	NOUN
ftr-433	214	14	which	which	PRON
ftr-433	214	15	assume	assume	VERB
ftr-433	214	16	that	that	SCONJ
ftr-433	214	17	all	all	DET
ftr-433	214	18	investment	investment	NOUN
ftr-433	214	19	is	be	AUX
ftr-433	214	20	funded	fund	VERB
ftr-433	214	21	from	from	ADP
ftr-433	214	22	pre	pre	ADJ
ftr-433	214	23	-	-	ADJ
ftr-433	214	24	tax	tax	ADJ
ftr-433	214	25	earnings	earning	NOUN
ftr-433	214	26	,	,	PUNCT
ftr-433	214	27	and	and	CCONJ
ftr-433	214	28	which	which	PRON
ftr-433	214	29	therefore	therefore	ADV
ftr-433	214	30	reach	reach	VERB
ftr-433	214	31	very	very	ADV
ftr-433	214	32	different	different	ADJ
ftr-433	214	33	conclusions	conclusion	NOUN
ftr-433	214	34	.	.	PUNCT
ftr-433	215	1	e.g.	e.g.	ADV
ftr-433	215	2	,	,	PUNCT
ftr-433	215	3	calvin	calvin	PROPN
ftr-433	215	4	h.	h.	PROPN
ftr-433	215	5	johnson	johnson	PROPN
ftr-433	215	6	,	,	PUNCT
ftr-433	215	7	soft	soft	ADJ
ftr-433	215	8	money	money	NOUN
ftr-433	215	9	investing	invest	VERB
ftr-433	215	10	under	under	ADP
ftr-433	215	11	the	the	DET
ftr-433	215	12	income	income	NOUN
ftr-433	215	13	tax	tax	NOUN
ftr-433	215	14	,	,	PUNCT
ftr-433	215	15	1989	1989	NUM
ftr-433	215	16	u.	u.	PROPN
ftr-433	215	17	ill	ill	PROPN
ftr-433	215	18	.	.	PUNCT
ftr-433	216	1	l.	l.	PROPN
ftr-433	216	2	rev	rev	PROPN
ftr-433	216	3	.	.	PROPN
ftr-433	216	4	1019	1019	NUM
ftr-433	217	1	[	[	X
ftr-433	217	2	hereinafter	hereinafter	NOUN
ftr-433	217	3	johnson	johnson	PROPN
ftr-433	217	4	,	,	PUNCT
ftr-433	217	5	soft	soft	ADJ
ftr-433	217	6	money	money	NOUN
ftr-433	217	7	]	]	PUNCT
ftr-433	217	8	.	.	PUNCT
ftr-433	218	1	23	23	NUM
ftr-433	218	2	.	.	PUNCT
ftr-433	219	1	e.	e.	PROPN
ftr-433	219	2	cary	cary	PROPN
ftr-433	219	3	brown	brown	PROPN
ftr-433	219	4	,	,	PUNCT
ftr-433	219	5	business	business	NOUN
ftr-433	219	6	-	-	PUNCT
ftr-433	219	7	income	income	NOUN
ftr-433	219	8	taxation	taxation	NOUN
ftr-433	219	9	and	and	CCONJ
ftr-433	219	10	investment	investment	NOUN
ftr-433	219	11	incentives	incentive	NOUN
ftr-433	219	12	,	,	PUNCT
ftr-433	219	13	in	in	ADP
ftr-433	219	14	income	income	NOUN
ftr-433	219	15	,	,	PUNCT
ftr-433	219	16	employment	employment	NOUN
ftr-433	219	17	and	and	CCONJ
ftr-433	219	18	public	public	ADJ
ftr-433	219	19	policy	policy	NOUN
ftr-433	219	20	:	:	PUNCT
ftr-433	219	21	essays	essay	NOUN
ftr-433	219	22	in	in	ADP
ftr-433	219	23	honor	honor	NOUN
ftr-433	219	24	of	of	ADP
ftr-433	219	25	alvin	alvin	PROPN
ftr-433	219	26	h.	h.	PROPN
ftr-433	219	27	hansen	hansen	PROPN
ftr-433	220	1	300	300	NUM
ftr-433	220	2	(	(	PUNCT
ftr-433	220	3	1948	1948	NUM
ftr-433	220	4	)	)	PUNCT
ftr-433	220	5	.	.	PUNCT
ftr-433	221	1	threshold	threshold	NOUN
ftr-433	221	2	,	,	PUNCT
ftr-433	221	3	all	all	DET
ftr-433	221	4	earnings	earning	NOUN
ftr-433	221	5	-	-	PUNCT
ftr-433	221	6	financed	finance	VERB
ftr-433	221	7	investment	investment	NOUN
ftr-433	221	8	is	be	AUX
ftr-433	221	9	capital	capital	NOUN
ftr-433	221	10	investment	investment	NOUN
ftr-433	221	11	regardless	regardless	ADV
ftr-433	221	12	of21	of21	PROPN
ftr-433	221	13	the	the	DET
ftr-433	221	14	cost	cost	NOUN
ftr-433	221	15	recovery	recovery	NOUN
ftr-433	221	16	method	method	NOUN
ftr-433	221	17	employed	employ	VERB
ftr-433	221	18	,	,	PUNCT
ftr-433	221	19	and	and	CCONJ
ftr-433	221	20	all	all	DET
ftr-433	221	21	cost	cost	NOUN
ftr-433	221	22	recovery	recovery	NOUN
ftr-433	221	23	is	be	AUX
ftr-433	221	24	therefore	therefore	ADV
ftr-433	221	25	capital	capital	NOUN
ftr-433	221	26	cost	cost	NOUN
ftr-433	221	27	recovery	recovery	NOUN
ftr-433	221	28	.	.	PUNCT
ftr-433	222	1	capital	capital	NOUN
ftr-433	222	2	cost	cost	NOUN
ftr-433	222	3	recovery	recovery	NOUN
ftr-433	222	4	precludes	preclude	VERB
ftr-433	222	5	consumption	consumption	NOUN
ftr-433	222	6	tax	tax	NOUN
ftr-433	222	7	treatment22	treatment22	NOUN
ftr-433	222	8	within	within	ADP
ftr-433	222	9	a	a	DET
ftr-433	222	10	rbit	rbit	NOUN
ftr-433	222	11	base	base	NOUN
ftr-433	222	12	,	,	PUNCT
ftr-433	222	13	even	even	ADV
ftr-433	222	14	if	if	SCONJ
ftr-433	222	15	expensing	expensing	NOUN
ftr-433	222	16	is	be	AUX
ftr-433	222	17	used	use	VERB
ftr-433	222	18	as	as	ADP
ftr-433	222	19	a	a	DET
ftr-433	222	20	cost	cost	NOUN
ftr-433	222	21	recovery	recovery	NOUN
ftr-433	222	22	method	method	NOUN
ftr-433	222	23	,	,	PUNCT
ftr-433	222	24	and	and	CCONJ
ftr-433	222	25	allows	allow	VERB
ftr-433	222	26	rbit	rbit	NOUN
ftr-433	222	27	base	base	NOUN
ftr-433	222	28	cost	cost	NOUN
ftr-433	222	29	recovery	recovery	NOUN
ftr-433	222	30	methods	method	NOUN
ftr-433	222	31	to	to	PART
ftr-433	222	32	be	be	AUX
ftr-433	222	33	analyzed	analyze	VERB
ftr-433	222	34	consistently	consistently	ADV
ftr-433	222	35	and	and	CCONJ
ftr-433	222	36	exclusively	exclusively	ADV
ftr-433	222	37	in	in	ADP
ftr-433	222	38	relation	relation	NOUN
ftr-433	222	39	to	to	ADP
ftr-433	222	40	all	all	DET
ftr-433	222	41	three	three	NUM
ftr-433	222	42	of	of	ADP
ftr-433	222	43	the	the	DET
ftr-433	222	44	normative	normative	ADJ
ftr-433	222	45	rbit	rbit	NOUN
ftr-433	222	46	base	base	NOUN
ftr-433	222	47	structural	structural	ADJ
ftr-433	222	48	and	and	CCONJ
ftr-433	222	49	accounting	accounting	NOUN
ftr-433	222	50	principles	principle	NOUN
ftr-433	222	51	described	describe	VERB
ftr-433	222	52	above	above	ADP
ftr-433	222	53	–	–	PUNCT
ftr-433	222	54	capital	capital	NOUN
ftr-433	222	55	formation	formation	NOUN
ftr-433	222	56	,	,	PUNCT
ftr-433	222	57	cost	cost	NOUN
ftr-433	222	58	recovery	recovery	NOUN
ftr-433	222	59	,	,	PUNCT
ftr-433	222	60	and	and	CCONJ
ftr-433	222	61	realization	realization	NOUN
ftr-433	222	62	.	.	PUNCT
ftr-433	223	1	part	part	NOUN
ftr-433	223	2	v	v	ADP
ftr-433	223	3	then	then	ADV
ftr-433	223	4	shows	show	VERB
ftr-433	223	5	that	that	SCONJ
ftr-433	223	6	capital	capital	NOUN
ftr-433	223	7	expensing	expense	VERB
ftr-433	223	8	is	be	AUX
ftr-433	223	9	the	the	DET
ftr-433	223	10	only	only	ADJ
ftr-433	223	11	capital	capital	NOUN
ftr-433	223	12	cost	cost	NOUN
ftr-433	223	13	recovery	recovery	NOUN
ftr-433	223	14	method	method	NOUN
ftr-433	223	15	that	that	PRON
ftr-433	223	16	fully	fully	ADV
ftr-433	223	17	restores	restore	VERB
ftr-433	223	18	invested	invest	VERB
ftr-433	223	19	capital	capital	NOUN
ftr-433	223	20	financially	financially	ADV
ftr-433	223	21	and	and	CCONJ
ftr-433	223	22	thus	thus	ADV
ftr-433	223	23	meets	meet	VERB
ftr-433	223	24	the	the	DET
ftr-433	223	25	first	first	ADJ
ftr-433	223	26	criterion	criterion	NOUN
ftr-433	223	27	for	for	ADP
ftr-433	223	28	a	a	DET
ftr-433	223	29	normative	normative	ADJ
ftr-433	223	30	rbit	rbit	NOUN
ftr-433	223	31	capital	capital	NOUN
ftr-433	223	32	cost	cost	NOUN
ftr-433	223	33	recovery	recovery	NOUN
ftr-433	223	34	method	method	NOUN
ftr-433	223	35	.	.	PUNCT
ftr-433	224	1	because	because	SCONJ
ftr-433	224	2	other	other	ADJ
ftr-433	224	3	cost	cost	NOUN
ftr-433	224	4	recovery	recovery	NOUN
ftr-433	224	5	methods	method	NOUN
ftr-433	224	6	restore	restore	VERB
ftr-433	224	7	capital	capital	NOUN
ftr-433	224	8	through	through	ADP
ftr-433	224	9	deductions	deduction	NOUN
ftr-433	224	10	over	over	ADP
ftr-433	224	11	time	time	NOUN
ftr-433	224	12	but	but	CCONJ
ftr-433	224	13	only	only	ADV
ftr-433	224	14	restore	restore	VERB
ftr-433	224	15	the	the	DET
ftr-433	224	16	nominal	nominal	ADJ
ftr-433	224	17	amount	amount	NOUN
ftr-433	224	18	invested	invest	VERB
ftr-433	224	19	,	,	PUNCT
ftr-433	224	20	they	they	PRON
ftr-433	224	21	can	can	AUX
ftr-433	224	22	not	not	PART
ftr-433	224	23	fully	fully	ADV
ftr-433	224	24	compensate	compensate	VERB
ftr-433	224	25	taxpayers	taxpayer	NOUN
ftr-433	224	26	for	for	ADP
ftr-433	224	27	the	the	DET
ftr-433	224	28	use	use	NOUN
ftr-433	224	29	of	of	ADP
ftr-433	224	30	their	their	PRON
ftr-433	224	31	capital	capital	NOUN
ftr-433	224	32	in	in	ADP
ftr-433	224	33	present	present	ADJ
ftr-433	224	34	value	value	NOUN
ftr-433	224	35	terms	term	NOUN
ftr-433	224	36	.	.	PUNCT
ftr-433	225	1	as	as	SCONJ
ftr-433	225	2	e.	e.	PROPN
ftr-433	225	3	cary	cary	PROPN
ftr-433	225	4	brown	brown	PROPN
ftr-433	225	5	pointed	point	VERB
ftr-433	225	6	out	out	ADP
ftr-433	225	7	over	over	ADP
ftr-433	225	8	fifty	fifty	NUM
ftr-433	225	9	years	year	NOUN
ftr-433	225	10	ago	ago	ADV
ftr-433	225	11	,	,	PUNCT
ftr-433	225	12	only	only	ADV
ftr-433	225	13	expensing	expense	VERB
ftr-433	225	14	among	among	ADP
ftr-433	225	15	rbit	rbit	NOUN
ftr-433	225	16	base	base	NOUN
ftr-433	225	17	cost23	cost23	NOUN
ftr-433	225	18	recovery	recovery	NOUN
ftr-433	225	19	methods	method	NOUN
ftr-433	225	20	provides	provide	VERB
ftr-433	225	21	investors	investor	NOUN
ftr-433	225	22	with	with	ADP
ftr-433	225	23	an	an	DET
ftr-433	225	24	after	after	ADP
ftr-433	225	25	-	-	PUNCT
ftr-433	225	26	tax	tax	NOUN
ftr-433	225	27	return	return	NOUN
ftr-433	225	28	on	on	ADP
ftr-433	225	29	after	after	ADP
ftr-433	225	30	-	-	PUNCT
ftr-433	225	31	tax	tax	NOUN
ftr-433	225	32	investment	investment	NOUN
ftr-433	225	33	equal	equal	ADJ
ftr-433	225	34	to	to	ADP
ftr-433	225	35	the	the	DET
ftr-433	225	36	original	original	ADJ
ftr-433	225	37	amount	amount	NOUN
ftr-433	225	38	invested	invest	VERB
ftr-433	225	39	.	.	PUNCT
ftr-433	226	1	thus	thus	ADV
ftr-433	226	2	,	,	PUNCT
ftr-433	226	3	the	the	DET
ftr-433	226	4	after	after	ADP
ftr-433	226	5	-	-	PUNCT
ftr-433	226	6	tax	tax	NOUN
ftr-433	226	7	present	present	ADJ
ftr-433	226	8	value	value	NOUN
ftr-433	226	9	of	of	ADP
ftr-433	226	10	a	a	DET
ftr-433	226	11	taxpayer	taxpayer	NOUN
ftr-433	226	12	’s	’s	PART
ftr-433	226	13	invested	invest	VERB
ftr-433	226	14	capital	capital	NOUN
ftr-433	226	15	is	be	AUX
ftr-433	226	16	not	not	PART
ftr-433	226	17	impaired	impair	VERB
ftr-433	226	18	by	by	ADP
ftr-433	226	19	the	the	DET
ftr-433	226	20	time	time	NOUN
ftr-433	226	21	value	value	NOUN
ftr-433	226	22	of	of	ADP
ftr-433	226	23	money	money	NOUN
ftr-433	226	24	and	and	CCONJ
ftr-433	226	25	is	be	AUX
ftr-433	226	26	fully	fully	ADV
ftr-433	226	27	restored	restore	VERB
ftr-433	226	28	financially	financially	ADV
ftr-433	226	29	.	.	PUNCT
ftr-433	227	1	part	part	NOUN
ftr-433	227	2	vi	vi	PROPN
ftr-433	227	3	then	then	ADV
ftr-433	227	4	examines	examine	VERB
ftr-433	227	5	the	the	DET
ftr-433	227	6	second	second	ADJ
ftr-433	227	7	criterion	criterion	NOUN
ftr-433	227	8	for	for	ADP
ftr-433	227	9	a	a	DET
ftr-433	227	10	normative	normative	ADJ
ftr-433	227	11	capital	capital	NOUN
ftr-433	227	12	cost	cost	NOUN
ftr-433	227	13	recovery	recovery	NOUN
ftr-433	227	14	method	method	NOUN
ftr-433	227	15	–	–	PUNCT
ftr-433	227	16	the	the	DET
ftr-433	227	17	appropriate	appropriate	ADJ
ftr-433	227	18	financial	financial	ADJ
ftr-433	227	19	measurement	measurement	NOUN
ftr-433	227	20	of	of	ADP
ftr-433	227	21	capital	capital	NOUN
ftr-433	227	22	income	income	NOUN
ftr-433	227	23	.	.	PUNCT
ftr-433	228	1	this	this	DET
ftr-433	228	2	part	part	NOUN
ftr-433	228	3	shows	show	VERB
ftr-433	228	4	that	that	SCONJ
ftr-433	228	5	economic	economic	ADJ
ftr-433	228	6	depreciation	depreciation	NOUN
ftr-433	228	7	appropriately	appropriately	ADV
ftr-433	228	8	and	and	CCONJ
ftr-433	228	9	accurately	accurately	ADV
ftr-433	228	10	aids	aid	VERB
ftr-433	228	11	an	an	DET
ftr-433	228	12	amit	amit	NOUN
ftr-433	228	13	base	base	NOUN
ftr-433	228	14	in	in	ADP
ftr-433	228	15	financially	financially	ADV
ftr-433	228	16	measuring	measure	VERB
ftr-433	228	17	net	net	ADJ
ftr-433	228	18	unrealized	unrealized	ADJ
ftr-433	228	19	income	income	NOUN
ftr-433	228	20	.	.	PUNCT
ftr-433	229	1	similarly	similarly	ADV
ftr-433	229	2	,	,	PUNCT
ftr-433	229	3	this	this	DET
ftr-433	229	4	part	part	NOUN
ftr-433	229	5	shows	show	VERB
ftr-433	229	6	that	that	SCONJ
ftr-433	229	7	unlimited	unlimited	ADJ
ftr-433	229	8	expensing	expense	VERB
ftr-433	229	9	appropriately	appropriately	ADV
ftr-433	229	10	and	and	CCONJ
ftr-433	229	11	accurately	accurately	ADV
ftr-433	229	12	measures	measure	VERB
ftr-433	229	13	the	the	DET
ftr-433	229	14	taxable	taxable	ADJ
ftr-433	229	15	economic	economic	ADJ
ftr-433	229	16	output	output	NOUN
ftr-433	229	17	of	of	ADP
ftr-433	229	18	short	short	ADV
ftr-433	229	19	-	-	PUNCT
ftr-433	229	20	lived	live	VERB
ftr-433	229	21	productive	productive	ADJ
ftr-433	229	22	assets	asset	NOUN
ftr-433	229	23	in	in	ADP
ftr-433	229	24	a	a	DET
ftr-433	229	25	cfit	cfit	NOUN
ftr-433	229	26	base	base	NOUN
ftr-433	229	27	financially	financially	ADV
ftr-433	229	28	.	.	PUNCT
ftr-433	230	1	both	both	PRON
ftr-433	230	2	of	of	ADP
ftr-433	230	3	these	these	DET
ftr-433	230	4	analyses	analysis	NOUN
ftr-433	230	5	utilize	utilize	VERB
ftr-433	230	6	the	the	DET
ftr-433	230	7	financial	financial	ADJ
ftr-433	230	8	criteria	criterion	NOUN
ftr-433	230	9	of	of	ADP
ftr-433	230	10	net	net	ADJ
ftr-433	230	11	present	present	ADJ
ftr-433	230	12	value	value	NOUN
ftr-433	230	13	,	,	PUNCT
ftr-433	230	14	internal	internal	ADJ
ftr-433	230	15	rate	rate	NOUN
ftr-433	230	16	of	of	ADP
ftr-433	230	17	return	return	NOUN
ftr-433	230	18	and	and	CCONJ
ftr-433	230	19	financial	financial	ADJ
ftr-433	230	20	hurdle	hurdle	NOUN
ftr-433	230	21	rates	rate	NOUN
ftr-433	230	22	.	.	PUNCT
ftr-433	231	1	these	these	DET
ftr-433	231	2	same	same	ADJ
ftr-433	231	3	financial	financial	ADJ
ftr-433	231	4	criteria	criterion	NOUN
ftr-433	231	5	show	show	VERB
ftr-433	231	6	that	that	SCONJ
ftr-433	231	7	a	a	DET
ftr-433	231	8	rbit	rbit	NOUN
ftr-433	231	9	base	base	NOUN
ftr-433	231	10	measures	measure	NOUN
ftr-433	231	11	realized	realize	VERB
ftr-433	231	12	income	income	NOUN
ftr-433	231	13	accurately	accurately	ADV
ftr-433	231	14	across	across	ADP
ftr-433	231	15	a	a	DET
ftr-433	231	16	wide	wide	ADJ
ftr-433	231	17	range	range	NOUN
ftr-433	231	18	of	of	ADP
ftr-433	231	19	financial	financial	ADJ
ftr-433	231	20	circumstances	circumstance	NOUN
ftr-433	231	21	only	only	ADV
ftr-433	231	22	when	when	SCONJ
ftr-433	231	23	capital	capital	NOUN
ftr-433	231	24	expensing	expensing	NOUN
ftr-433	231	25	is	be	AUX
ftr-433	231	26	employed	employ	VERB
ftr-433	231	27	as	as	ADP
ftr-433	231	28	a	a	DET
ftr-433	231	29	capital	capital	NOUN
ftr-433	231	30	cost	cost	NOUN
ftr-433	231	31	recovery	recovery	NOUN
ftr-433	231	32	method	method	NOUN
ftr-433	231	33	.	.	PUNCT
ftr-433	232	1	based	base	VERB
ftr-433	232	2	on	on	ADP
ftr-433	232	3	the	the	DET
ftr-433	232	4	foregoing	forego	VERB
ftr-433	232	5	analysis	analysis	NOUN
ftr-433	232	6	,	,	PUNCT
ftr-433	232	7	part	part	NOUN
ftr-433	232	8	vii	vii	PROPN
ftr-433	232	9	concludes	conclude	VERB
ftr-433	232	10	the	the	DET
ftr-433	232	11	article	article	NOUN
ftr-433	232	12	with	with	ADP
ftr-433	232	13	the	the	DET
ftr-433	232	14	following	follow	VERB
ftr-433	232	15	summary	summary	NOUN
ftr-433	232	16	arguments	argument	NOUN
ftr-433	232	17	.	.	PUNCT
ftr-433	233	1	an	an	DET
ftr-433	233	2	accretion	accretion	NOUN
ftr-433	233	3	-	-	PUNCT
ftr-433	233	4	measured	measure	VERB
ftr-433	233	5	income	income	NOUN
ftr-433	233	6	tax	tax	NOUN
ftr-433	233	7	includes	include	VERB
ftr-433	233	8	any	any	DET
ftr-433	233	9	net	net	ADJ
ftr-433	233	10	increases	increase	NOUN
ftr-433	233	11	in	in	ADP
ftr-433	233	12	the	the	DET
ftr-433	233	13	value	value	NOUN
ftr-433	233	14	of	of	ADP
ftr-433	233	15	depreciable	depreciable	ADJ
ftr-433	233	16	assets	asset	NOUN
ftr-433	233	17	in	in	ADP
ftr-433	233	18	the	the	DET
ftr-433	233	19	tax	tax	NOUN
ftr-433	233	20	base	base	NOUN
ftr-433	233	21	when	when	SCONJ
ftr-433	233	22	and	and	CCONJ
ftr-433	233	23	as	as	SCONJ
ftr-433	233	24	those	those	DET
ftr-433	233	25	increases	increase	NOUN
ftr-433	233	26	accrue	accrue	VERB
ftr-433	233	27	.	.	PUNCT
ftr-433	234	1	during	during	ADP
ftr-433	234	2	the	the	DET
ftr-433	234	3	holding	hold	VERB
ftr-433	234	4	period	period	NOUN
ftr-433	234	5	of	of	ADP
ftr-433	234	6	a	a	DET
ftr-433	234	7	depreciable	depreciable	ADJ
ftr-433	234	8	asset	asset	NOUN
ftr-433	234	9	,	,	PUNCT
ftr-433	234	10	net	net	ADJ
ftr-433	234	11	accretions	accretion	NOUN
ftr-433	234	12	to	to	ADP
ftr-433	234	13	wealth	wealth	NOUN
ftr-433	234	14	occur	occur	VERB
ftr-433	234	15	to	to	ADP
ftr-433	234	16	the	the	DET
ftr-433	234	17	extent	extent	NOUN
ftr-433	234	18	that	that	SCONJ
ftr-433	234	19	the	the	DET
ftr-433	234	20	economic	economic	ADJ
ftr-433	234	21	yield	yield	NOUN
ftr-433	234	22	or	or	CCONJ
ftr-433	234	23	output	output	VERB
ftr-433	234	24	476	476	NUM
ftr-433	234	25	florida	florida	PROPN
ftr-433	234	26	tax	tax	NOUN
ftr-433	234	27	review	review	NOUN
ftr-433	234	28	[	[	X
ftr-433	234	29	vol	vol	NOUN
ftr-433	234	30	.	.	NOUN
ftr-433	234	31	5:7	5:7	NUM
ftr-433	234	32	produced	produce	VERB
ftr-433	234	33	by	by	ADP
ftr-433	234	34	the	the	DET
ftr-433	234	35	asset	asset	NOUN
ftr-433	234	36	exceeds	exceed	VERB
ftr-433	234	37	the	the	DET
ftr-433	234	38	asset	asset	NOUN
ftr-433	234	39	’s	’s	PART
ftr-433	234	40	unrealized	unrealized	ADJ
ftr-433	234	41	decline	decline	NOUN
ftr-433	234	42	in	in	ADP
ftr-433	234	43	value	value	NOUN
ftr-433	234	44	.	.	PUNCT
ftr-433	235	1	economic	economic	ADJ
ftr-433	235	2	depreciation	depreciation	NOUN
ftr-433	235	3	is	be	AUX
ftr-433	235	4	designed	design	VERB
ftr-433	235	5	to	to	PART
ftr-433	235	6	measure	measure	VERB
ftr-433	235	7	those	those	DET
ftr-433	235	8	unrealized	unrealized	ADJ
ftr-433	235	9	declines	decline	NOUN
ftr-433	235	10	in	in	ADP
ftr-433	235	11	value	value	NOUN
ftr-433	235	12	as	as	ADP
ftr-433	235	13	an	an	DET
ftr-433	235	14	aid	aid	NOUN
ftr-433	235	15	to	to	ADP
ftr-433	235	16	determining	determine	VERB
ftr-433	235	17	net	net	ADJ
ftr-433	235	18	unrealized	unrealized	ADJ
ftr-433	235	19	(	(	PUNCT
ftr-433	235	20	or	or	CCONJ
ftr-433	235	21	“	"	PUNCT
ftr-433	235	22	economic	economic	ADJ
ftr-433	235	23	”	"	PUNCT
ftr-433	235	24	)	)	PUNCT
ftr-433	235	25	income	income	NOUN
ftr-433	235	26	.	.	PUNCT
ftr-433	236	1	the	the	DET
ftr-433	236	2	taxation	taxation	NOUN
ftr-433	236	3	of	of	ADP
ftr-433	236	4	depreciable	depreciable	ADJ
ftr-433	236	5	assets	asset	NOUN
ftr-433	236	6	in	in	ADP
ftr-433	236	7	a	a	DET
ftr-433	236	8	rbit	rbit	NOUN
ftr-433	236	9	base	base	NOUN
ftr-433	236	10	,	,	PUNCT
ftr-433	236	11	however	however	ADV
ftr-433	236	12	,	,	PUNCT
ftr-433	236	13	is	be	AUX
ftr-433	236	14	structurally	structurally	ADV
ftr-433	236	15	independent	independent	ADJ
ftr-433	236	16	of	of	ADP
ftr-433	236	17	a	a	DET
ftr-433	236	18	depreciable	depreciable	ADJ
ftr-433	236	19	asset	asset	NOUN
ftr-433	236	20	’s	’s	PART
ftr-433	236	21	value	value	NOUN
ftr-433	236	22	prior	prior	ADV
ftr-433	236	23	to	to	ADP
ftr-433	236	24	realization	realization	NOUN
ftr-433	236	25	.	.	PUNCT
ftr-433	237	1	as	as	SCONJ
ftr-433	237	2	just	just	ADV
ftr-433	237	3	noted	note	VERB
ftr-433	237	4	,	,	PUNCT
ftr-433	237	5	economic	economic	ADJ
ftr-433	237	6	depreciation	depreciation	NOUN
ftr-433	237	7	is	be	AUX
ftr-433	237	8	designed	design	VERB
ftr-433	237	9	specifically	specifically	ADV
ftr-433	237	10	to	to	PART
ftr-433	237	11	measure	measure	VERB
ftr-433	237	12	accrued	accrue	VERB
ftr-433	237	13	and	and	CCONJ
ftr-433	237	14	unrealized	unrealized	ADJ
ftr-433	237	15	changes	change	NOUN
ftr-433	237	16	in	in	ADP
ftr-433	237	17	the	the	DET
ftr-433	237	18	value	value	NOUN
ftr-433	237	19	of	of	ADP
ftr-433	237	20	depreciable	depreciable	ADJ
ftr-433	237	21	assets	asset	NOUN
ftr-433	237	22	within	within	ADP
ftr-433	237	23	an	an	DET
ftr-433	237	24	amit	amit	NOUN
ftr-433	237	25	base	base	NOUN
ftr-433	237	26	.	.	PUNCT
ftr-433	238	1	as	as	ADP
ftr-433	238	2	such	such	ADJ
ftr-433	238	3	,	,	PUNCT
ftr-433	238	4	it	it	PRON
ftr-433	238	5	is	be	AUX
ftr-433	238	6	structurally	structurally	ADV
ftr-433	238	7	inappropriate	inappropriate	ADJ
ftr-433	238	8	for	for	ADP
ftr-433	238	9	a	a	DET
ftr-433	238	10	rbit	rbit	NOUN
ftr-433	238	11	base	base	NOUN
ftr-433	238	12	because	because	SCONJ
ftr-433	238	13	it	it	PRON
ftr-433	238	14	would	would	AUX
ftr-433	238	15	combine	combine	VERB
ftr-433	238	16	accounting	account	VERB
ftr-433	238	17	for	for	ADP
ftr-433	238	18	realized	realize	VERB
ftr-433	238	19	income	income	NOUN
ftr-433	238	20	(	(	PUNCT
ftr-433	238	21	the	the	DET
ftr-433	238	22	asset	asset	NOUN
ftr-433	238	23	’s	’s	PART
ftr-433	238	24	yield	yield	NOUN
ftr-433	238	25	)	)	PUNCT
ftr-433	238	26	with	with	ADP
ftr-433	238	27	an	an	DET
ftr-433	238	28	accounting	accounting	NOUN
ftr-433	238	29	for	for	ADP
ftr-433	238	30	unrealized	unrealized	ADJ
ftr-433	238	31	decreases	decrease	NOUN
ftr-433	238	32	in	in	ADP
ftr-433	238	33	the	the	DET
ftr-433	238	34	asset	asset	NOUN
ftr-433	238	35	’s	’s	PART
ftr-433	238	36	value	value	NOUN
ftr-433	238	37	in	in	ADP
ftr-433	238	38	an	an	DET
ftr-433	238	39	improper	improper	ADJ
ftr-433	238	40	attempt	attempt	NOUN
ftr-433	238	41	to	to	PART
ftr-433	238	42	measure	measure	VERB
ftr-433	238	43	net	net	ADJ
ftr-433	238	44	realized	realize	VERB
ftr-433	238	45	income	income	NOUN
ftr-433	238	46	.	.	PUNCT
ftr-433	239	1	on	on	ADP
ftr-433	239	2	the	the	DET
ftr-433	239	3	other	other	ADJ
ftr-433	239	4	hand	hand	NOUN
ftr-433	239	5	,	,	PUNCT
ftr-433	239	6	despite	despite	SCONJ
ftr-433	239	7	its	its	PRON
ftr-433	239	8	mechanical	mechanical	ADJ
ftr-433	239	9	similarities	similarity	NOUN
ftr-433	239	10	,	,	PUNCT
ftr-433	239	11	rbit	rbit	ADJ
ftr-433	239	12	base	base	NOUN
ftr-433	239	13	capital	capital	NOUN
ftr-433	239	14	expensing	expensing	NOUN
ftr-433	239	15	is	be	AUX
ftr-433	239	16	not	not	PART
ftr-433	239	17	identical	identical	ADJ
ftr-433	239	18	to	to	PART
ftr-433	239	19	cfit	cfit	VERB
ftr-433	239	20	base	base	NOUN
ftr-433	239	21	cash	cash	NOUN
ftr-433	239	22	flow	flow	NOUN
ftr-433	239	23	accounting	accounting	NOUN
ftr-433	239	24	because	because	SCONJ
ftr-433	239	25	a	a	DET
ftr-433	239	26	capital	capital	NOUN
ftr-433	239	27	expensing	expense	VERB
ftr-433	239	28	deduction	deduction	NOUN
ftr-433	239	29	only	only	ADV
ftr-433	239	30	recovers	recover	NOUN
ftr-433	239	31	after	after	ADP
ftr-433	239	32	-	-	PUNCT
ftr-433	239	33	tax	tax	NOUN
ftr-433	239	34	capital	capital	NOUN
ftr-433	239	35	tax	tax	NOUN
ftr-433	239	36	-	-	PUNCT
ftr-433	239	37	free	free	ADJ
ftr-433	239	38	rather	rather	ADV
ftr-433	239	39	than	than	ADP
ftr-433	239	40	pre	pre	ADJ
ftr-433	239	41	-	-	ADJ
ftr-433	239	42	tax	tax	ADJ
ftr-433	239	43	income	income	NOUN
ftr-433	239	44	.	.	PUNCT
ftr-433	240	1	capital	capital	NOUN
ftr-433	240	2	expensing	expense	VERB
ftr-433	240	3	as	as	ADP
ftr-433	240	4	a	a	DET
ftr-433	240	5	cost	cost	NOUN
ftr-433	240	6	recovery	recovery	NOUN
ftr-433	240	7	method	method	NOUN
ftr-433	240	8	is	be	AUX
ftr-433	240	9	appropriate	appropriate	ADJ
ftr-433	240	10	for	for	ADP
ftr-433	240	11	a	a	DET
ftr-433	240	12	rbit	rbit	NOUN
ftr-433	240	13	base	base	NOUN
ftr-433	240	14	because	because	SCONJ
ftr-433	240	15	it	it	PRON
ftr-433	240	16	functionally	functionally	ADV
ftr-433	240	17	separates	separate	VERB
ftr-433	240	18	the	the	DET
ftr-433	240	19	accounting	accounting	NOUN
ftr-433	240	20	for	for	ADP
ftr-433	240	21	capital	capital	NOUN
ftr-433	240	22	restoration	restoration	NOUN
ftr-433	240	23	from	from	ADP
ftr-433	240	24	the	the	DET
ftr-433	240	25	accounting	accounting	NOUN
ftr-433	240	26	for	for	ADP
ftr-433	240	27	realized	realize	VERB
ftr-433	240	28	investment	investment	NOUN
ftr-433	240	29	yield	yield	NOUN
ftr-433	240	30	.	.	PUNCT
ftr-433	241	1	as	as	ADP
ftr-433	241	2	a	a	DET
ftr-433	241	3	result	result	NOUN
ftr-433	241	4	it	it	PRON
ftr-433	241	5	allows	allow	VERB
ftr-433	241	6	the	the	DET
ftr-433	241	7	full	full	ADJ
ftr-433	241	8	amount	amount	NOUN
ftr-433	241	9	of	of	ADP
ftr-433	241	10	invested	invest	VERB
ftr-433	241	11	capital	capital	NOUN
ftr-433	241	12	to	to	PART
ftr-433	241	13	be	be	AUX
ftr-433	241	14	restored	restore	VERB
ftr-433	241	15	tax	tax	NOUN
ftr-433	241	16	-	-	PUNCT
ftr-433	241	17	free	free	ADJ
ftr-433	241	18	and	and	CCONJ
ftr-433	241	19	the	the	DET
ftr-433	241	20	full	full	ADJ
ftr-433	241	21	amount	amount	NOUN
ftr-433	241	22	of	of	ADP
ftr-433	241	23	the	the	DET
ftr-433	241	24	realized	realize	VERB
ftr-433	241	25	yield	yield	NOUN
ftr-433	241	26	to	to	PART
ftr-433	241	27	be	be	AUX
ftr-433	241	28	taxed	tax	VERB
ftr-433	241	29	as	as	ADP
ftr-433	241	30	income	income	NOUN
ftr-433	241	31	financially	financially	ADV
ftr-433	241	32	.	.	PUNCT
ftr-433	242	1	therefore	therefore	ADV
ftr-433	242	2	,	,	PUNCT
ftr-433	242	3	the	the	DET
ftr-433	242	4	article	article	NOUN
ftr-433	242	5	concludes	conclude	VERB
ftr-433	242	6	,	,	PUNCT
ftr-433	242	7	capital	capital	NOUN
ftr-433	242	8	expensing	expensing	NOUN
ftr-433	242	9	is	be	AUX
ftr-433	242	10	the	the	DET
ftr-433	242	11	only	only	ADJ
ftr-433	242	12	normative	normative	ADJ
ftr-433	242	13	capital	capital	NOUN
ftr-433	242	14	cost	cost	NOUN
ftr-433	242	15	recovery	recovery	NOUN
ftr-433	242	16	method	method	NOUN
ftr-433	242	17	for	for	ADP
ftr-433	242	18	a	a	DET
ftr-433	242	19	realization	realization	NOUN
ftr-433	242	20	-	-	PUNCT
ftr-433	242	21	based	base	VERB
ftr-433	242	22	income	income	NOUN
ftr-433	242	23	tax	tax	NOUN
ftr-433	242	24	.	.	PUNCT
ftr-433	243	1	ii	ii	PROPN
ftr-433	243	2	.	.	PUNCT
ftr-433	244	1	the	the	DET
ftr-433	244	2	financial	financial	ADJ
ftr-433	244	3	characteristics	characteristic	NOUN
ftr-433	244	4	of	of	ADP
ftr-433	244	5	various	various	ADJ
ftr-433	244	6	cost	cost	NOUN
ftr-433	244	7	recovery	recovery	NOUN
ftr-433	244	8	methods	method	NOUN
ftr-433	244	9	under	under	ADP
ftr-433	244	10	the	the	DET
ftr-433	244	11	u.s	u.s	PROPN
ftr-433	244	12	.	.	PROPN
ftr-433	244	13	income	income	NOUN
ftr-433	244	14	tax	tax	NOUN
ftr-433	244	15	the	the	DET
ftr-433	244	16	timing	timing	NOUN
ftr-433	244	17	,	,	PUNCT
ftr-433	244	18	rather	rather	ADV
ftr-433	244	19	than	than	ADP
ftr-433	244	20	the	the	DET
ftr-433	244	21	amount	amount	NOUN
ftr-433	244	22	,	,	PUNCT
ftr-433	244	23	of	of	ADP
ftr-433	244	24	deductions	deduction	NOUN
ftr-433	244	25	distinguishes	distinguish	VERB
ftr-433	244	26	one	one	NUM
ftr-433	244	27	rbit	rbit	NOUN
ftr-433	244	28	base	base	NOUN
ftr-433	244	29	cost	cost	NOUN
ftr-433	244	30	recovery	recovery	NOUN
ftr-433	244	31	method	method	NOUN
ftr-433	244	32	from	from	ADP
ftr-433	244	33	another	another	PRON
ftr-433	244	34	.	.	PUNCT
ftr-433	245	1	this	this	DET
ftr-433	245	2	part	part	NOUN
ftr-433	245	3	introduces	introduce	VERB
ftr-433	245	4	an	an	DET
ftr-433	245	5	investment	investment	NOUN
ftr-433	245	6	model	model	NOUN
ftr-433	245	7	that	that	PRON
ftr-433	245	8	allows	allow	VERB
ftr-433	245	9	rbit	rbit	NOUN
ftr-433	245	10	base	base	NOUN
ftr-433	245	11	cost	cost	NOUN
ftr-433	245	12	recovery	recovery	NOUN
ftr-433	245	13	methods	method	NOUN
ftr-433	245	14	to	to	PART
ftr-433	245	15	be	be	AUX
ftr-433	245	16	analyzed	analyze	VERB
ftr-433	245	17	on	on	ADP
ftr-433	245	18	the	the	DET
ftr-433	245	19	basis	basis	NOUN
ftr-433	245	20	of	of	ADP
ftr-433	245	21	the	the	DET
ftr-433	245	22	relative	relative	ADJ
ftr-433	245	23	financial	financial	ADJ
ftr-433	245	24	value	value	NOUN
ftr-433	245	25	they	they	PRON
ftr-433	245	26	provide	provide	VERB
ftr-433	245	27	to	to	ADP
ftr-433	245	28	taxpayers	taxpayer	NOUN
ftr-433	245	29	after	after	ADP
ftr-433	245	30	tax	tax	NOUN
ftr-433	245	31	,	,	PUNCT
ftr-433	245	32	and	and	CCONJ
ftr-433	245	33	the	the	DET
ftr-433	245	34	relative	relative	ADJ
ftr-433	245	35	percentages	percentage	NOUN
ftr-433	245	36	of	of	ADP
ftr-433	245	37	an	an	DET
ftr-433	245	38	asset	asset	NOUN
ftr-433	245	39	’s	’s	PART
ftr-433	245	40	financial	financial	ADJ
ftr-433	245	41	value	value	NOUN
ftr-433	245	42	received	receive	VERB
ftr-433	245	43	by	by	ADP
ftr-433	245	44	taxpayers	taxpayer	NOUN
ftr-433	245	45	and	and	CCONJ
ftr-433	245	46	government	government	NOUN
ftr-433	245	47	after	after	ADP
ftr-433	245	48	tax	tax	NOUN
ftr-433	245	49	.	.	PUNCT
ftr-433	246	1	this	this	DET
ftr-433	246	2	part	part	NOUN
ftr-433	246	3	also	also	ADV
ftr-433	246	4	introduces	introduce	VERB
ftr-433	246	5	the	the	DET
ftr-433	246	6	financial	financial	ADJ
ftr-433	246	7	benchmarks	benchmark	NOUN
ftr-433	246	8	that	that	PRON
ftr-433	246	9	allow	allow	VERB
ftr-433	246	10	the	the	DET
ftr-433	246	11	financial	financial	ADJ
ftr-433	246	12	characteristics	characteristic	NOUN
ftr-433	246	13	of	of	ADP
ftr-433	246	14	various	various	ADJ
ftr-433	246	15	cost	cost	NOUN
ftr-433	246	16	recovery	recovery	NOUN
ftr-433	246	17	methods	method	NOUN
ftr-433	246	18	to	to	PART
ftr-433	246	19	be	be	AUX
ftr-433	246	20	compared	compare	VERB
ftr-433	246	21	to	to	ADP
ftr-433	246	22	each	each	DET
ftr-433	246	23	other	other	ADJ
ftr-433	246	24	.	.	PUNCT
ftr-433	247	1	those	those	DET
ftr-433	247	2	same	same	ADJ
ftr-433	247	3	benchmarks	benchmark	NOUN
ftr-433	247	4	and	and	CCONJ
ftr-433	247	5	others	other	NOUN
ftr-433	247	6	will	will	AUX
ftr-433	247	7	be	be	AUX
ftr-433	247	8	used	use	VERB
ftr-433	247	9	in	in	ADP
ftr-433	247	10	later	late	ADJ
ftr-433	247	11	parts	part	NOUN
ftr-433	247	12	of	of	ADP
ftr-433	247	13	this	this	DET
ftr-433	247	14	article	article	NOUN
ftr-433	247	15	to	to	PART
ftr-433	247	16	compare	compare	VERB
ftr-433	247	17	the	the	DET
ftr-433	247	18	treatment	treatment	NOUN
ftr-433	247	19	of	of	ADP
ftr-433	247	20	short	short	ADV
ftr-433	247	21	-	-	PUNCT
ftr-433	247	22	lived	live	VERB
ftr-433	247	23	completely	completely	ADV
ftr-433	247	24	wasting	waste	VERB
ftr-433	247	25	assets	asset	NOUN
ftr-433	247	26	in	in	ADP
ftr-433	247	27	the	the	DET
ftr-433	247	28	three	three	NUM
ftr-433	247	29	tax	tax	NOUN
ftr-433	247	30	bases	basis	NOUN
ftr-433	247	31	.	.	PUNCT
ftr-433	248	1	2002	2002	NUM
ftr-433	248	2	]	]	PUNCT
ftr-433	248	3	normative	normative	ADJ
ftr-433	248	4	capital	capital	NOUN
ftr-433	248	5	cost	cost	NOUN
ftr-433	248	6	recovery	recovery	NOUN
ftr-433	248	7	477	477	NUM
ftr-433	248	8	24	24	NUM
ftr-433	248	9	.	.	PUNCT
ftr-433	249	1	e.g.	e.g.	ADV
ftr-433	249	2	,	,	PUNCT
ftr-433	249	3	strnad	strnad	PROPN
ftr-433	249	4	,	,	PUNCT
ftr-433	249	5	reappraisal	reappraisal	NOUN
ftr-433	249	6	,	,	PUNCT
ftr-433	249	7	supra	supra	PROPN
ftr-433	249	8	note	note	NOUN
ftr-433	249	9	5	5	NUM
ftr-433	249	10	,	,	PUNCT
ftr-433	249	11	at	at	ADP
ftr-433	249	12	1027	1027	NUM
ftr-433	249	13	-	-	SYM
ftr-433	249	14	28	28	NUM
ftr-433	249	15	.	.	PUNCT
ftr-433	250	1	see	see	VERB
ftr-433	250	2	also	also	ADV
ftr-433	250	3	discussion	discussion	NOUN
ftr-433	250	4	at	at	ADP
ftr-433	250	5	infra	infra	NOUN
ftr-433	250	6	part	part	NOUN
ftr-433	250	7	iii.a	iii.a	PROPN
ftr-433	250	8	.	.	PROPN
ftr-433	251	1	25	25	NUM
ftr-433	251	2	.	.	PUNCT
ftr-433	252	1	see	see	VERB
ftr-433	252	2	paul	paul	PROPN
ftr-433	252	3	a.	a.	PROPN
ftr-433	252	4	samuelson	samuelson	PROPN
ftr-433	252	5	,	,	PUNCT
ftr-433	252	6	tax	tax	NOUN
ftr-433	252	7	deductibility	deductibility	NOUN
ftr-433	252	8	of	of	ADP
ftr-433	252	9	economic	economic	ADJ
ftr-433	252	10	depreciation	depreciation	NOUN
ftr-433	252	11	to	to	PART
ftr-433	252	12	insure	insure	VERB
ftr-433	252	13	invariant	invariant	ADJ
ftr-433	252	14	valuations	valuation	NOUN
ftr-433	252	15	,	,	PUNCT
ftr-433	252	16	72	72	NUM
ftr-433	252	17	j.	j.	PROPN
ftr-433	252	18	pol	pol	PROPN
ftr-433	252	19	.	.	PUNCT
ftr-433	252	20	econ	econ	PROPN
ftr-433	252	21	.	.	PUNCT
ftr-433	253	1	604	604	NUM
ftr-433	253	2	(	(	PUNCT
ftr-433	253	3	1964	1964	NUM
ftr-433	253	4	)	)	PUNCT
ftr-433	253	5	.	.	PUNCT
ftr-433	254	1	see	see	VERB
ftr-433	254	2	also	also	ADV
ftr-433	254	3	discussion	discussion	NOUN
ftr-433	254	4	,	,	PUNCT
ftr-433	254	5	infra	infra	NOUN
ftr-433	254	6	note	note	VERB
ftr-433	254	7	37	37	NUM
ftr-433	254	8	and	and	CCONJ
ftr-433	254	9	accompanying	accompany	VERB
ftr-433	254	10	text	text	NOUN
ftr-433	254	11	.	.	PUNCT
ftr-433	255	1	26	26	NUM
ftr-433	255	2	.	.	PUNCT
ftr-433	256	1	see	see	VERB
ftr-433	256	2	marvin	marvin	PROPN
ftr-433	256	3	a.	a.	PROPN
ftr-433	256	4	chirelstein	chirelstein	PROPN
ftr-433	256	5	,	,	PUNCT
ftr-433	256	6	federal	federal	ADJ
ftr-433	256	7	income	income	NOUN
ftr-433	256	8	taxation	taxation	NOUN
ftr-433	256	9	145	145	NUM
ftr-433	256	10	-	-	SYM
ftr-433	256	11	49	49	NUM
ftr-433	256	12	(	(	PUNCT
ftr-433	256	13	7th	7th	ADJ
ftr-433	256	14	ed	ed	NOUN
ftr-433	256	15	.	.	PROPN
ftr-433	256	16	1994	1994	NUM
ftr-433	256	17	)	)	PUNCT
ftr-433	256	18	.	.	PUNCT
ftr-433	257	1	27	27	NUM
ftr-433	257	2	.	.	PUNCT
ftr-433	258	1	the	the	DET
ftr-433	258	2	financial	financial	ADJ
ftr-433	258	3	conditions	condition	NOUN
ftr-433	258	4	are	be	AUX
ftr-433	258	5	as	as	SCONJ
ftr-433	258	6	follows	follow	VERB
ftr-433	258	7	:	:	PUNCT
ftr-433	258	8	the	the	DET
ftr-433	258	9	decrease	decrease	NOUN
ftr-433	258	10	in	in	ADP
ftr-433	258	11	value	value	NOUN
ftr-433	258	12	of	of	ADP
ftr-433	258	13	the	the	DET
ftr-433	258	14	asset	asset	NOUN
ftr-433	258	15	during	during	ADP
ftr-433	258	16	each	each	DET
ftr-433	258	17	year	year	NOUN
ftr-433	258	18	is	be	AUX
ftr-433	258	19	measured	measure	VERB
ftr-433	258	20	by	by	ADP
ftr-433	258	21	comparing	compare	VERB
ftr-433	258	22	the	the	DET
ftr-433	258	23	discounted	discount	VERB
ftr-433	258	24	present	present	ADJ
ftr-433	258	25	value	value	NOUN
ftr-433	258	26	of	of	ADP
ftr-433	258	27	the	the	DET
ftr-433	258	28	remaining	remain	VERB
ftr-433	258	29	income	income	NOUN
ftr-433	258	30	stream	stream	NOUN
ftr-433	258	31	at	at	ADP
ftr-433	258	32	the	the	DET
ftr-433	258	33	beginning	beginning	NOUN
ftr-433	258	34	and	and	CCONJ
ftr-433	258	35	end	end	NOUN
ftr-433	258	36	of	of	ADP
ftr-433	258	37	each	each	DET
ftr-433	258	38	taxable	taxable	ADJ
ftr-433	258	39	year	year	NOUN
ftr-433	258	40	using	use	VERB
ftr-433	258	41	the	the	DET
ftr-433	258	42	pre	pre	ADJ
ftr-433	258	43	-	-	ADJ
ftr-433	258	44	tax	tax	ADJ
ftr-433	258	45	yield	yield	NOUN
ftr-433	258	46	rate	rate	NOUN
ftr-433	258	47	as	as	ADP
ftr-433	258	48	the	the	DET
ftr-433	258	49	discount	discount	NOUN
ftr-433	258	50	rate	rate	NOUN
ftr-433	258	51	.	.	PUNCT
ftr-433	259	1	for	for	ADP
ftr-433	259	2	example	example	NOUN
ftr-433	259	3	,	,	PUNCT
ftr-433	259	4	assuming	assume	VERB
ftr-433	259	5	a	a	DET
ftr-433	259	6	10	10	NUM
ftr-433	259	7	%	%	NOUN
ftr-433	259	8	yield	yield	NOUN
ftr-433	259	9	rate	rate	NOUN
ftr-433	259	10	as	as	ADP
ftr-433	259	11	the	the	DET
ftr-433	259	12	discounting	discount	VERB
ftr-433	259	13	rate	rate	NOUN
ftr-433	259	14	and	and	CCONJ
ftr-433	259	15	compounding	compounding	NOUN
ftr-433	259	16	annually	annually	ADV
ftr-433	259	17	,	,	PUNCT
ftr-433	259	18	the	the	DET
ftr-433	259	19	values	value	NOUN
ftr-433	259	20	of	of	ADP
ftr-433	259	21	the	the	DET
ftr-433	259	22	income	income	NOUN
ftr-433	259	23	stream	stream	NOUN
ftr-433	259	24	produced	produce	VERB
ftr-433	259	25	by	by	ADP
ftr-433	259	26	the	the	DET
ftr-433	259	27	asset	asset	NOUN
ftr-433	259	28	portrayed	portray	VERB
ftr-433	259	29	in	in	ADP
ftr-433	259	30	table	table	NOUN
ftr-433	259	31	1	1	NUM
ftr-433	259	32	at	at	ADP
ftr-433	259	33	the	the	DET
ftr-433	259	34	time	time	NOUN
ftr-433	259	35	placed	place	VERB
ftr-433	259	36	in	in	ADP
ftr-433	259	37	service	service	NOUN
ftr-433	259	38	(	(	PUNCT
ftr-433	259	39	day	day	NOUN
ftr-433	259	40	1	1	NUM
ftr-433	259	41	of	of	ADP
ftr-433	259	42	year	year	NOUN
ftr-433	259	43	1	1	NUM
ftr-433	259	44	)	)	PUNCT
ftr-433	259	45	and	and	CCONJ
ftr-433	259	46	on	on	ADP
ftr-433	259	47	the	the	DET
ftr-433	259	48	first	first	ADJ
ftr-433	259	49	day	day	NOUN
ftr-433	259	50	of	of	ADP
ftr-433	259	51	each	each	DET
ftr-433	259	52	subsequent	subsequent	ADJ
ftr-433	259	53	time	time	NOUN
ftr-433	259	54	period	period	NOUN
ftr-433	259	55	,	,	PUNCT
ftr-433	259	56	and	and	CCONJ
ftr-433	259	57	the	the	DET
ftr-433	259	58	decrease	decrease	NOUN
ftr-433	259	59	in	in	ADP
ftr-433	259	60	value	value	NOUN
ftr-433	259	61	during	during	ADP
ftr-433	259	62	each	each	DET
ftr-433	259	63	taxable	taxable	ADJ
ftr-433	259	64	year	year	NOUN
ftr-433	259	65	are	be	AUX
ftr-433	259	66	as	as	SCONJ
ftr-433	259	67	follows	follow	VERB
ftr-433	259	68	:	:	PUNCT
ftr-433	259	69	begin	begin	VERB
ftr-433	259	70	:	:	PUNCT
ftr-433	259	71	tot	tot	VERB
ftr-433	259	72	remain	remain	VERB
ftr-433	259	73	income	income	NOUN
ftr-433	259	74	:	:	PUNCT
ftr-433	260	1	pv	pv	NOUN
ftr-433	260	2	remain	remain	VERB
ftr-433	260	3	income	income	NOUN
ftr-433	260	4	:	:	PUNCT
ftr-433	260	5	pv	pv	NOUN
ftr-433	260	6	decrease	decrease	NOUN
ftr-433	260	7	during	during	ADP
ftr-433	260	8	year	year	NOUN
ftr-433	260	9	:	:	PUNCT
ftr-433	260	10	econ	econ	PROPN
ftr-433	260	11	deprec	deprec	PROPN
ftr-433	260	12	.	.	PUNCT
ftr-433	261	1	deduction	deduction	NOUN
ftr-433	261	2	:	:	PUNCT
ftr-433	261	3	year	year	NOUN
ftr-433	261	4	1	1	NUM
ftr-433	261	5	126.20	126.20	NUM
ftr-433	261	6	100.00	100.00	NUM
ftr-433	261	7	(	(	PUNCT
ftr-433	261	8	100.00	100.00	NUM
ftr-433	261	9	78.44	78.44	NUM
ftr-433	261	10	)	)	PUNCT
ftr-433	261	11	21.56	21.56	NUM
ftr-433	261	12	year	year	NOUN
ftr-433	261	13	2	2	NUM
ftr-433	261	14	94.65	94.65	NUM
ftr-433	261	15	78.44	78.44	NUM
ftr-433	261	16	(	(	PUNCT
ftr-433	261	17	78.44	78.44	NUM
ftr-433	261	18	54.74	54.74	NUM
ftr-433	261	19	)	)	PUNCT
ftr-433	261	20	23.70	23.70	NUM
ftr-433	261	21	year	year	NOUN
ftr-433	261	22	3	3	NUM
ftr-433	261	23	63.10	63.10	NUM
ftr-433	261	24	54.74	54.74	NUM
ftr-433	261	25	(	(	PUNCT
ftr-433	261	26	54.74	54.74	NUM
ftr-433	261	27	28.68	28.68	NUM
ftr-433	261	28	)	)	PUNCT
ftr-433	261	29	26.06	26.06	NUM
ftr-433	261	30	year	year	NOUN
ftr-433	261	31	4	4	NUM
ftr-433	261	32	31.55	31.55	NUM
ftr-433	261	33	28.68	28.68	NUM
ftr-433	261	34	(	(	PUNCT
ftr-433	261	35	28.68	28.68	NUM
ftr-433	261	36	0.00	0.00	NUM
ftr-433	261	37	)	)	PUNCT
ftr-433	261	38	28.68	28.68	NUM
ftr-433	261	39	the	the	DET
ftr-433	261	40	sequence	sequence	NOUN
ftr-433	261	41	of	of	ADP
ftr-433	261	42	depreciation	depreciation	NOUN
ftr-433	261	43	deductions	deduction	NOUN
ftr-433	261	44	represented	represent	VERB
ftr-433	261	45	by	by	ADP
ftr-433	261	46	the	the	DET
ftr-433	261	47	last	last	ADJ
ftr-433	261	48	column	column	NOUN
ftr-433	261	49	,	,	PUNCT
ftr-433	261	50	“	"	PUNCT
ftr-433	261	51	decrease	decrease	NOUN
ftr-433	261	52	during	during	ADP
ftr-433	261	53	year	year	NOUN
ftr-433	261	54	,	,	PUNCT
ftr-433	261	55	”	"	PUNCT
ftr-433	261	56	represents	represent	VERB
ftr-433	261	57	a	a	DET
ftr-433	261	58	crude	crude	NOUN
ftr-433	261	59	,	,	PUNCT
ftr-433	261	60	but	but	CCONJ
ftr-433	261	61	accepted	accept	VERB
ftr-433	261	62	,	,	PUNCT
ftr-433	261	63	baseline	baseline	VERB
ftr-433	261	64	for	for	ADP
ftr-433	261	65	comparison	comparison	NOUN
ftr-433	261	66	of	of	ADP
ftr-433	261	67	depreciation	depreciation	NOUN
ftr-433	261	68	methods	method	NOUN
ftr-433	261	69	which	which	PRON
ftr-433	261	70	at	at	ADP
ftr-433	261	71	least	least	ADJ
ftr-433	261	72	some	some	PRON
ftr-433	261	73	commentators	commentator	NOUN
ftr-433	261	74	have	have	AUX
ftr-433	261	75	termed	term	VERB
ftr-433	261	76	“	"	PUNCT
ftr-433	261	77	economic	economic	ADJ
ftr-433	261	78	depreciation	depreciation	NOUN
ftr-433	261	79	.	.	PUNCT
ftr-433	261	80	”	"	PUNCT
ftr-433	262	1	i	i	PRON
ftr-433	262	2	d.	d.	PROPN
ftr-433	262	3	at	at	ADP
ftr-433	262	4	149	149	NUM
ftr-433	262	5	.	.	PUNCT
ftr-433	263	1	see	see	VERB
ftr-433	263	2	john	john	PROPN
ftr-433	263	3	p.	p.	PROPN
ftr-433	263	4	steines	steine	NOUN
ftr-433	263	5	,	,	PUNCT
ftr-433	263	6	income	income	NOUN
ftr-433	263	7	tax	tax	NOUN
ftr-433	263	8	allowances	allowance	NOUN
ftr-433	263	9	for	for	ADP
ftr-433	263	10	cost	cost	NOUN
ftr-433	263	11	recovery	recovery	NOUN
ftr-433	263	12	,	,	PUNCT
ftr-433	263	13	40	40	NUM
ftr-433	263	14	tax	tax	NOUN
ftr-433	263	15	l.	l.	PROPN
ftr-433	263	16	rev	rev	PROPN
ftr-433	263	17	.	.	PROPN
ftr-433	263	18	483	483	NUM
ftr-433	263	19	,	,	PUNCT
ftr-433	263	20	491	491	NUM
ftr-433	263	21	(	(	PUNCT
ftr-433	263	22	1985	1985	NUM
ftr-433	263	23	)	)	PUNCT
ftr-433	264	1	[	[	X
ftr-433	264	2	hereinafter	hereinafter	NOUN
ftr-433	264	3	steines	steine	NOUN
ftr-433	264	4	,	,	PUNCT
ftr-433	264	5	cost	cost	NOUN
ftr-433	264	6	recovery	recovery	NOUN
ftr-433	264	7	]	]	X
ftr-433	264	8	;	;	PUNCT
ftr-433	264	9	martin	martin	PROPN
ftr-433	264	10	j.	j.	PROPN
ftr-433	264	11	mcmahon	mcmahon	PROPN
ftr-433	264	12	jr	jr	PROPN
ftr-433	264	13	.	.	PROPN
ftr-433	264	14	,	,	PUNCT
ftr-433	264	15	reforming	reform	VERB
ftr-433	264	16	cost	cost	NOUN
ftr-433	264	17	recovery	recovery	NOUN
ftr-433	264	18	allowances	allowance	NOUN
ftr-433	264	19	for	for	ADP
ftr-433	264	20	debt	debt	NOUN
ftr-433	264	21	financed	finance	VERB
ftr-433	264	22	depreciable	depreciable	ADJ
ftr-433	264	23	property	property	NOUN
ftr-433	264	24	,	,	PUNCT
ftr-433	264	25	29	29	NUM
ftr-433	264	26	st	st	PROPN
ftr-433	264	27	.	.	PROPN
ftr-433	264	28	louis	louis	PROPN
ftr-433	264	29	u.	u.	PROPN
ftr-433	264	30	l.j	l.j	PROPN
ftr-433	264	31	.	.	PROPN
ftr-433	264	32	1029	1029	NUM
ftr-433	264	33	,	,	PUNCT
ftr-433	264	34	1039	1039	NUM
ftr-433	264	35	n.50	n.50	NOUN
ftr-433	264	36	,	,	PUNCT
ftr-433	264	37	1059	1059	NUM
ftr-433	264	38	(	(	PUNCT
ftr-433	264	39	1985	1985	NUM
ftr-433	264	40	)	)	PUNCT
ftr-433	265	1	[	[	X
ftr-433	265	2	hereinafter	hereinafter	NOUN
ftr-433	265	3	mcmahon	mcmahon	PROPN
ftr-433	265	4	,	,	PUNCT
ftr-433	265	5	reforming	reform	VERB
ftr-433	265	6	]	]	PUNCT
ftr-433	265	7	.	.	PUNCT
ftr-433	266	1	a.	a.	PROPN
ftr-433	266	2	economic	economic	PROPN
ftr-433	266	3	cost	cost	NOUN
ftr-433	266	4	recovery	recovery	NOUN
ftr-433	266	5	economic	economic	ADJ
ftr-433	266	6	depreciation	depreciation	NOUN
ftr-433	266	7	is	be	AUX
ftr-433	266	8	an	an	DET
ftr-433	266	9	integral	integral	ADJ
ftr-433	266	10	and	and	CCONJ
ftr-433	266	11	normative	normative	ADJ
ftr-433	266	12	feature	feature	NOUN
ftr-433	266	13	of	of	ADP
ftr-433	266	14	a	a	DET
ftr-433	266	15	tax	tax	NOUN
ftr-433	266	16	based	base	VERB
ftr-433	266	17	on	on	ADP
ftr-433	266	18	economic	economic	ADJ
ftr-433	266	19	income	income	NOUN
ftr-433	266	20	and	and	CCONJ
ftr-433	266	21	measured	measure	VERB
ftr-433	266	22	by	by	ADP
ftr-433	266	23	accretion	accretion	NOUN
ftr-433	266	24	(	(	PUNCT
ftr-433	266	25	an	an	DET
ftr-433	266	26	amit	amit	NOUN
ftr-433	266	27	base	base	NOUN
ftr-433	266	28	)	)	PUNCT
ftr-433	266	29	.	.	PUNCT
ftr-433	267	1	the24	the24	NOUN
ftr-433	267	2	term	term	NOUN
ftr-433	267	3	“	"	PUNCT
ftr-433	267	4	economic	economic	ADJ
ftr-433	267	5	depreciation	depreciation	NOUN
ftr-433	267	6	”	"	PUNCT
ftr-433	267	7	has	have	AUX
ftr-433	267	8	also	also	ADV
ftr-433	267	9	become	become	VERB
ftr-433	267	10	synonymous	synonymous	ADJ
ftr-433	267	11	with	with	ADP
ftr-433	267	12	a	a	DET
ftr-433	267	13	rbit	rbit	NOUN
ftr-433	267	14	base	base	NOUN
ftr-433	267	15	cost	cost	NOUN
ftr-433	267	16	recovery	recovery	NOUN
ftr-433	267	17	method	method	NOUN
ftr-433	267	18	(	(	PUNCT
ftr-433	267	19	“	"	PUNCT
ftr-433	267	20	economic	economic	ADJ
ftr-433	267	21	cost	cost	NOUN
ftr-433	267	22	recovery	recovery	NOUN
ftr-433	267	23	”	"	PUNCT
ftr-433	267	24	)	)	PUNCT
ftr-433	267	25	that	that	PRON
ftr-433	267	26	produces	produce	VERB
ftr-433	267	27	the	the	DET
ftr-433	267	28	same	same	ADJ
ftr-433	267	29	financial	financial	ADJ
ftr-433	267	30	consequences	consequence	NOUN
ftr-433	267	31	as	as	ADP
ftr-433	267	32	economic	economic	ADJ
ftr-433	267	33	depreciation	depreciation	NOUN
ftr-433	267	34	but	but	CCONJ
ftr-433	267	35	within	within	ADP
ftr-433	267	36	a	a	DET
ftr-433	267	37	rbit	rbit	NOUN
ftr-433	267	38	base	base	NOUN
ftr-433	267	39	.	.	PUNCT
ftr-433	268	1	economist	economist	NOUN
ftr-433	268	2	paul	paul	PROPN
ftr-433	268	3	samuelsen	samuelsen	PROPN
ftr-433	268	4	characterized	characterize	VERB
ftr-433	268	5	economic	economic	ADJ
ftr-433	268	6	depreciation	depreciation	NOUN
ftr-433	268	7	as	as	ADP
ftr-433	268	8	a	a	DET
ftr-433	268	9	depreciation	depreciation	NOUN
ftr-433	268	10	method	method	NOUN
ftr-433	268	11	that	that	PRON
ftr-433	268	12	reduced	reduce	VERB
ftr-433	268	13	the	the	DET
ftr-433	268	14	investor	investor	NOUN
ftr-433	268	15	’s	’s	PART
ftr-433	268	16	annual	annual	ADJ
ftr-433	268	17	rate	rate	NOUN
ftr-433	268	18	of	of	ADP
ftr-433	268	19	return	return	NOUN
ftr-433	268	20	by	by	ADP
ftr-433	268	21	the	the	DET
ftr-433	268	22	nominal	nominal	ADJ
ftr-433	268	23	tax	tax	NOUN
ftr-433	268	24	rate	rate	NOUN
ftr-433	268	25	and	and	CCONJ
ftr-433	268	26	thereby	thereby	ADV
ftr-433	268	27	ensured	ensure	VERB
ftr-433	268	28	that	that	SCONJ
ftr-433	268	29	depreciation	depreciation	NOUN
ftr-433	268	30	deductions	deduction	NOUN
ftr-433	268	31	represented	represent	VERB
ftr-433	268	32	“	"	PUNCT
ftr-433	268	33	putative	putative	ADJ
ftr-433	268	34	decline	decline	NOUN
ftr-433	268	35	in	in	ADP
ftr-433	268	36	economic	economic	ADJ
ftr-433	268	37	value	value	NOUN
ftr-433	268	38	.	.	PUNCT
ftr-433	268	39	”	"	PUNCT
ftr-433	269	1	subsequently	subsequently	ADV
ftr-433	269	2	,	,	PUNCT
ftr-433	269	3	and	and	CCONJ
ftr-433	269	4	as	as	ADP
ftr-433	269	5	a	a	DET
ftr-433	269	6	practical	practical	ADJ
ftr-433	269	7	matter,25	matter,25	NOUN
ftr-433	269	8	many	many	ADJ
ftr-433	269	9	tax	tax	NOUN
ftr-433	269	10	commentators	commentator	NOUN
ftr-433	269	11	adopted	adopt	VERB
ftr-433	269	12	a	a	DET
ftr-433	269	13	financial	financial	ADJ
ftr-433	269	14	convention	convention	NOUN
ftr-433	269	15	for	for	ADP
ftr-433	269	16	portraying	portraying	NOUN
ftr-433	269	17	and	and	CCONJ
ftr-433	269	18	analyzing	analyze	VERB
ftr-433	269	19	this	this	DET
ftr-433	269	20	type	type	NOUN
ftr-433	269	21	of	of	ADP
ftr-433	269	22	economic	economic	ADJ
ftr-433	269	23	depreciation	depreciation	NOUN
ftr-433	269	24	that	that	PRON
ftr-433	269	25	was	be	AUX
ftr-433	269	26	popularized	popularize	VERB
ftr-433	269	27	by	by	ADP
ftr-433	269	28	professor	professor	PROPN
ftr-433	269	29	marvin	marvin	PROPN
ftr-433	269	30	chirelstein	chirelstein	PROPN
ftr-433	269	31	.	.	PUNCT
ftr-433	270	1	this	this	DET
ftr-433	270	2	convention	convention	NOUN
ftr-433	270	3	defined	define	VERB
ftr-433	270	4	economic	economic	ADJ
ftr-433	270	5	depreciation	depreciation	NOUN
ftr-433	270	6	as	as	ADP
ftr-433	270	7	the26	the26	ADP
ftr-433	270	8	annual	annual	ADJ
ftr-433	270	9	decrease	decrease	NOUN
ftr-433	270	10	in	in	ADP
ftr-433	270	11	the	the	DET
ftr-433	270	12	present	present	ADJ
ftr-433	270	13	value	value	NOUN
ftr-433	270	14	of	of	ADP
ftr-433	270	15	the	the	DET
ftr-433	270	16	future	future	ADJ
ftr-433	270	17	income	income	NOUN
ftr-433	270	18	stream	stream	NOUN
ftr-433	270	19	to	to	PART
ftr-433	270	20	be	be	AUX
ftr-433	270	21	produced	produce	VERB
ftr-433	270	22	by	by	ADP
ftr-433	270	23	an	an	DET
ftr-433	270	24	asset	asset	NOUN
ftr-433	270	25	each	each	DET
ftr-433	270	26	year	year	NOUN
ftr-433	270	27	during	during	ADP
ftr-433	270	28	the	the	DET
ftr-433	270	29	useful	useful	ADJ
ftr-433	270	30	life	life	NOUN
ftr-433	270	31	of	of	ADP
ftr-433	270	32	that	that	DET
ftr-433	270	33	asset	asset	NOUN
ftr-433	270	34	.	.	PUNCT
ftr-433	271	1	thus	thus	ADV
ftr-433	271	2	,	,	PUNCT
ftr-433	271	3	the	the	DET
ftr-433	271	4	“	"	PUNCT
ftr-433	271	5	chirelstein27	chirelstein27	PROPN
ftr-433	271	6	convention	convention	PROPN
ftr-433	271	7	”	"	PUNCT
ftr-433	271	8	portrayal	portrayal	NOUN
ftr-433	271	9	of	of	ADP
ftr-433	271	10	“	"	PUNCT
ftr-433	271	11	samuelson	samuelson	PROPN
ftr-433	271	12	economic	economic	ADJ
ftr-433	271	13	depreciation	depreciation	NOUN
ftr-433	271	14	”	"	PUNCT
ftr-433	271	15	is	be	AUX
ftr-433	271	16	a	a	DET
ftr-433	271	17	simplified	simplified	ADJ
ftr-433	271	18	but	but	CCONJ
ftr-433	271	19	478	478	NUM
ftr-433	271	20	florida	florida	PROPN
ftr-433	271	21	tax	tax	NOUN
ftr-433	271	22	review	review	NOUN
ftr-433	272	1	[	[	X
ftr-433	272	2	vol	vol	NOUN
ftr-433	272	3	.	.	PUNCT
ftr-433	272	4	5:7	5:7	NUM
ftr-433	272	5	28	28	NUM
ftr-433	272	6	.	.	PUNCT
ftr-433	273	1	see	see	VERB
ftr-433	273	2	sources	source	NOUN
ftr-433	273	3	cited	cite	VERB
ftr-433	273	4	supra	supra	PROPN
ftr-433	273	5	note	note	PROPN
ftr-433	273	6	27	27	NUM
ftr-433	273	7	.	.	PUNCT
ftr-433	274	1	see	see	VERB
ftr-433	274	2	also	also	ADV
ftr-433	274	3	charles	charles	PROPN
ftr-433	274	4	t.	t.	PROPN
ftr-433	274	5	terry	terry	PROPN
ftr-433	274	6	,	,	PUNCT
ftr-433	274	7	leveragefinanced	leveragefinance	VERB
ftr-433	274	8	tax	tax	NOUN
ftr-433	274	9	arbitrage	arbitrage	NOUN
ftr-433	274	10	:	:	PUNCT
ftr-433	274	11	a	a	DET
ftr-433	274	12	structural	structural	ADJ
ftr-433	274	13	and	and	CCONJ
ftr-433	274	14	accounting	accounting	NOUN
ftr-433	274	15	analysis	analysis	NOUN
ftr-433	274	16	,	,	PUNCT
ftr-433	274	17	7	7	NUM
ftr-433	274	18	am	am	NOUN
ftr-433	274	19	.	.	PUNCT
ftr-433	275	1	j.	j.	PROPN
ftr-433	275	2	tax	tax	PROPN
ftr-433	275	3	pol’y	pol’y	NOUN
ftr-433	275	4	109	109	NUM
ftr-433	275	5	(	(	PUNCT
ftr-433	275	6	1988	1988	NUM
ftr-433	275	7	)	)	PUNCT
ftr-433	275	8	.	.	PUNCT
ftr-433	276	1	29	29	NUM
ftr-433	276	2	.	.	PUNCT
ftr-433	277	1	the	the	DET
ftr-433	277	2	transactional	transactional	ADJ
ftr-433	277	3	tables	table	NOUN
ftr-433	277	4	used	use	VERB
ftr-433	277	5	in	in	ADP
ftr-433	277	6	this	this	DET
ftr-433	277	7	article	article	NOUN
ftr-433	277	8	owe	owe	VERB
ftr-433	277	9	their	their	PRON
ftr-433	277	10	underlying	underlie	VERB
ftr-433	277	11	structure	structure	NOUN
ftr-433	277	12	and	and	CCONJ
ftr-433	277	13	organization	organization	NOUN
ftr-433	277	14	to	to	ADP
ftr-433	277	15	those	those	PRON
ftr-433	277	16	utilized	utilize	VERB
ftr-433	277	17	by	by	ADP
ftr-433	277	18	professor	professor	PROPN
ftr-433	277	19	martin	martin	PROPN
ftr-433	277	20	j.	j.	PROPN
ftr-433	277	21	mcmahon	mcmahon	PROPN
ftr-433	277	22	,	,	PUNCT
ftr-433	277	23	jr	jr	PROPN
ftr-433	277	24	.	.	PROPN
ftr-433	277	25	in	in	ADP
ftr-433	277	26	mcmahon	mcmahon	PROPN
ftr-433	277	27	,	,	PUNCT
ftr-433	277	28	reforming	reform	VERB
ftr-433	277	29	,	,	PUNCT
ftr-433	277	30	supra	supra	ADJ
ftr-433	277	31	note	note	NOUN
ftr-433	277	32	27	27	NUM
ftr-433	277	33	.	.	PUNCT
ftr-433	277	34	30	30	NUM
ftr-433	277	35	.	.	PUNCT
ftr-433	278	1	annual	annual	ADJ
ftr-433	278	2	accounting	accounting	NOUN
ftr-433	278	3	is	be	AUX
ftr-433	278	4	shown	show	VERB
ftr-433	278	5	in	in	ADP
ftr-433	278	6	the	the	DET
ftr-433	278	7	horizontal	horizontal	ADJ
ftr-433	278	8	rows	row	NOUN
ftr-433	278	9	corresponding	correspond	VERB
ftr-433	278	10	to	to	ADP
ftr-433	278	11	years	year	NOUN
ftr-433	278	12	1	1	NUM
ftr-433	278	13	through	through	ADP
ftr-433	278	14	4	4	NUM
ftr-433	278	15	.	.	PUNCT
ftr-433	278	16	cumulative	cumulative	ADJ
ftr-433	278	17	accounting	accounting	NOUN
ftr-433	278	18	is	be	AUX
ftr-433	278	19	shown	show	VERB
ftr-433	278	20	in	in	ADP
ftr-433	278	21	the	the	DET
ftr-433	278	22	vertical	vertical	ADJ
ftr-433	278	23	columns	column	NOUN
ftr-433	278	24	.	.	PUNCT
ftr-433	279	1	widely	widely	ADV
ftr-433	279	2	-	-	PUNCT
ftr-433	279	3	used	use	VERB
ftr-433	279	4	technique	technique	NOUN
ftr-433	279	5	for	for	ADP
ftr-433	279	6	quantitatively	quantitatively	ADV
ftr-433	279	7	representing	represent	VERB
ftr-433	279	8	economic	economic	ADJ
ftr-433	279	9	depreciation	depreciation	NOUN
ftr-433	279	10	in	in	ADP
ftr-433	279	11	an	an	DET
ftr-433	279	12	amit	amit	NOUN
ftr-433	279	13	base	base	NOUN
ftr-433	279	14	(	(	PUNCT
ftr-433	279	15	and	and	CCONJ
ftr-433	279	16	economic	economic	ADJ
ftr-433	279	17	cost	cost	NOUN
ftr-433	279	18	recovery	recovery	NOUN
ftr-433	279	19	in	in	ADP
ftr-433	279	20	a	a	DET
ftr-433	279	21	rbit	rbit	NOUN
ftr-433	279	22	base	base	NOUN
ftr-433	279	23	)	)	PUNCT
ftr-433	279	24	under	under	ADP
ftr-433	279	25	financial	financial	ADJ
ftr-433	279	26	equilibrium	equilibrium	NOUN
ftr-433	279	27	conditions	condition	NOUN
ftr-433	279	28	,	,	PUNCT
ftr-433	279	29	and	and	CCONJ
ftr-433	279	30	is	be	AUX
ftr-433	279	31	used	use	VERB
ftr-433	279	32	for	for	ADP
ftr-433	279	33	that	that	DET
ftr-433	279	34	purpose	purpose	NOUN
ftr-433	279	35	herein.28	herein.28	NOUN
ftr-433	279	36	an	an	DET
ftr-433	279	37	example	example	NOUN
ftr-433	279	38	of	of	ADP
ftr-433	279	39	a	a	DET
ftr-433	279	40	$	$	SYM
ftr-433	279	41	100	100	NUM
ftr-433	279	42	investment	investment	NOUN
ftr-433	279	43	using	use	VERB
ftr-433	279	44	the	the	DET
ftr-433	279	45	chirelstein	chirelstein	ADJ
ftr-433	279	46	economic	economic	ADJ
ftr-433	279	47	depreciation	depreciation	NOUN
ftr-433	279	48	convention	convention	NOUN
ftr-433	279	49	is	be	AUX
ftr-433	279	50	portrayed	portray	VERB
ftr-433	279	51	in	in	ADP
ftr-433	279	52	table	table	NOUN
ftr-433	279	53	1	1	NUM
ftr-433	279	54	below	below	ADV
ftr-433	279	55	.	.	PUNCT
ftr-433	280	1	since	since	SCONJ
ftr-433	280	2	it	it	PRON
ftr-433	280	3	is	be	AUX
ftr-433	280	4	the	the	DET
ftr-433	280	5	first	first	ADJ
ftr-433	280	6	of29	of29	ADJ
ftr-433	280	7	many	many	ADJ
ftr-433	280	8	tables	table	NOUN
ftr-433	280	9	of	of	ADP
ftr-433	280	10	this	this	DET
ftr-433	280	11	kind	kind	NOUN
ftr-433	280	12	in	in	ADP
ftr-433	280	13	this	this	DET
ftr-433	280	14	article	article	NOUN
ftr-433	280	15	,	,	PUNCT
ftr-433	280	16	a	a	DET
ftr-433	280	17	detailed	detailed	ADJ
ftr-433	280	18	explanation	explanation	NOUN
ftr-433	280	19	follows	follow	VERB
ftr-433	280	20	it	it	PRON
ftr-433	280	21	.	.	PUNCT
ftr-433	281	1	table	table	NOUN
ftr-433	281	2	1	1	NUM
ftr-433	281	3	:	:	PUNCT
ftr-433	281	4	$	$	SYM
ftr-433	281	5	100	100	NUM
ftr-433	281	6	investment	investment	NOUN
ftr-433	281	7	subject	subject	NOUN
ftr-433	281	8	to	to	ADP
ftr-433	281	9	economic	economic	ADJ
ftr-433	281	10	depreciation	depreciation	NOUN
ftr-433	281	11	year	year	NOUN
ftr-433	282	1	g.i	g.i	PROPN
ftr-433	282	2	.	.	PUNCT
ftr-433	283	1	rcvry	rcvry	PROPN
ftr-433	283	2	t.i	t.i	PROPN
ftr-433	283	3	.	.	PROPN
ftr-433	283	4	ptcf	ptcf	PROPN
ftr-433	283	5	tax	tax	PROPN
ftr-433	283	6	atcf	atcf	NOUN
ftr-433	283	7	1	1	NUM
ftr-433	283	8	31.55	31.55	NUM
ftr-433	283	9	21.55	21.55	NUM
ftr-433	283	10	10.00	10.00	NUM
ftr-433	283	11	31.55	31.55	NUM
ftr-433	283	12	5.00	5.00	NUM
ftr-433	283	13	26.55	26.55	NUM
ftr-433	283	14	2	2	NUM
ftr-433	283	15	31.55	31.55	NUM
ftr-433	283	16	23.70	23.70	NUM
ftr-433	283	17	7.85	7.85	NUM
ftr-433	283	18	31.55	31.55	NUM
ftr-433	283	19	3.92	3.92	NUM
ftr-433	283	20	27.62	27.62	NUM
ftr-433	283	21	3	3	NUM
ftr-433	283	22	31.55	31.55	NUM
ftr-433	283	23	26.07	26.07	NUM
ftr-433	283	24	5.48	5.48	NUM
ftr-433	283	25	31.55	31.55	NUM
ftr-433	283	26	2.74	2.74	NUM
ftr-433	283	27	28.81	28.81	NUM
ftr-433	283	28	4	4	NUM
ftr-433	283	29	31.55	31.55	NUM
ftr-433	283	30	28.68	28.68	NUM
ftr-433	283	31	2.87	2.87	NUM
ftr-433	283	32	31.55	31.55	NUM
ftr-433	283	33	1.43	1.43	NUM
ftr-433	283	34	30.11	30.11	NUM
ftr-433	283	35	tot	tot	NOUN
ftr-433	283	36	126.20	126.20	NUM
ftr-433	283	37	100.00	100.00	NUM
ftr-433	283	38	26.20	26.20	NUM
ftr-433	283	39	126.20	126.20	NUM
ftr-433	283	40	13.10	13.10	NUM
ftr-433	283	41	113.10	113.10	NUM
ftr-433	283	42	1pv	1pv	NOUN
ftr-433	283	43	100.00	100.00	NUM
ftr-433	283	44	78.35	78.35	NUM
ftr-433	283	45	21.65	21.65	NUM
ftr-433	283	46	100.00	100.00	NUM
ftr-433	283	47	10.82	10.82	NUM
ftr-433	283	48	89.18	89.18	NUM
ftr-433	283	49	2pv	2pv	NOUN
ftr-433	283	50	111.86	111.86	NUM
ftr-433	283	51	88.14	88.14	NUM
ftr-433	283	52	23.73	23.73	NUM
ftr-433	283	53	111.86	111.86	NUM
ftr-433	283	54	11.86	11.86	NUM
ftr-433	283	55	100.00	100.00	NUM
ftr-433	283	56	irr	irr	NOUN
ftr-433	283	57	10.00	10.00	NUM
ftr-433	283	58	%	%	NOUN
ftr-433	283	59	5.00	5.00	NUM
ftr-433	283	60	%	%	NOUN
ftr-433	283	61	table	table	NOUN
ftr-433	283	62	1	1	NUM
ftr-433	283	63	,	,	PUNCT
ftr-433	283	64	like	like	ADP
ftr-433	283	65	most	most	ADJ
ftr-433	283	66	of	of	ADP
ftr-433	283	67	the	the	DET
ftr-433	283	68	tables	table	NOUN
ftr-433	283	69	in	in	ADP
ftr-433	283	70	the	the	DET
ftr-433	283	71	text	text	NOUN
ftr-433	283	72	,	,	PUNCT
ftr-433	283	73	shows	show	VERB
ftr-433	283	74	both	both	PRON
ftr-433	283	75	a	a	DET
ftr-433	283	76	cash	cash	NOUN
ftr-433	283	77	flow	flow	NOUN
ftr-433	283	78	accounting	accounting	NOUN
ftr-433	283	79	and	and	CCONJ
ftr-433	283	80	a	a	DET
ftr-433	283	81	tax	tax	NOUN
ftr-433	283	82	accounting	accounting	NOUN
ftr-433	283	83	.	.	PUNCT
ftr-433	284	1	this	this	PRON
ftr-433	284	2	facilitates	facilitate	VERB
ftr-433	284	3	both	both	CCONJ
ftr-433	284	4	an	an	DET
ftr-433	284	5	economic	economic	ADJ
ftr-433	284	6	and	and	CCONJ
ftr-433	284	7	a	a	DET
ftr-433	284	8	financial	financial	ADJ
ftr-433	284	9	analysis	analysis	NOUN
ftr-433	284	10	of	of	ADP
ftr-433	284	11	cost	cost	NOUN
ftr-433	284	12	recovery	recovery	NOUN
ftr-433	284	13	methods	method	NOUN
ftr-433	284	14	and	and	CCONJ
ftr-433	284	15	capital	capital	NOUN
ftr-433	284	16	income	income	NOUN
ftr-433	284	17	taxation	taxation	NOUN
ftr-433	284	18	regimes	regime	VERB
ftr-433	284	19	.	.	PUNCT
ftr-433	285	1	the	the	DET
ftr-433	285	2	cash	cash	NOUN
ftr-433	285	3	flow	flow	NOUN
ftr-433	285	4	accounting	account	VERB
ftr-433	285	5	in	in	ADP
ftr-433	285	6	table	table	NOUN
ftr-433	285	7	1	1	NUM
ftr-433	285	8	is	be	AUX
ftr-433	285	9	represented	represent	VERB
ftr-433	285	10	by	by	ADP
ftr-433	285	11	the	the	DET
ftr-433	285	12	formula	formula	NOUN
ftr-433	285	13	:	:	PUNCT
ftr-433	285	14	pre	pre	ADJ
ftr-433	285	15	-	-	ADJ
ftr-433	285	16	tax	tax	ADJ
ftr-433	285	17	cash	cash	NOUN
ftr-433	285	18	flow	flow	NOUN
ftr-433	285	19	(	(	PUNCT
ftr-433	285	20	ptcf	ptcf	NOUN
ftr-433	285	21	)	)	PUNCT
ftr-433	285	22	minus	minus	ADP
ftr-433	285	23	tax	tax	NOUN
ftr-433	285	24	equals	equal	VERB
ftr-433	285	25	after	after	ADP
ftr-433	285	26	-	-	PUNCT
ftr-433	285	27	tax	tax	NOUN
ftr-433	285	28	cash	cash	NOUN
ftr-433	285	29	flow	flow	NOUN
ftr-433	285	30	(	(	PUNCT
ftr-433	285	31	atcf	atcf	NOUN
ftr-433	285	32	)	)	PUNCT
ftr-433	285	33	.	.	PUNCT
ftr-433	286	1	these	these	DET
ftr-433	286	2	amounts	amount	NOUN
ftr-433	286	3	are	be	AUX
ftr-433	286	4	shown	show	VERB
ftr-433	286	5	in	in	ADP
ftr-433	286	6	the	the	DET
ftr-433	286	7	ptcf	ptcf	NOUN
ftr-433	286	8	,	,	PUNCT
ftr-433	286	9	tax	tax	NOUN
ftr-433	286	10	,	,	PUNCT
ftr-433	286	11	and	and	CCONJ
ftr-433	286	12	atcf	atcf	ADJ
ftr-433	286	13	columns	column	NOUN
ftr-433	286	14	on	on	ADP
ftr-433	286	15	both	both	CCONJ
ftr-433	286	16	an	an	DET
ftr-433	286	17	annual	annual	ADJ
ftr-433	286	18	and	and	CCONJ
ftr-433	286	19	a	a	DET
ftr-433	286	20	cumulative	cumulative	ADJ
ftr-433	286	21	basis	basis	NOUN
ftr-433	286	22	.	.	PUNCT
ftr-433	287	1	the	the	DET
ftr-433	287	2	tax	tax	NOUN
ftr-433	287	3	accounting	accounting	NOUN
ftr-433	287	4	is	be	AUX
ftr-433	287	5	represented	represent	VERB
ftr-433	287	6	by	by	ADP
ftr-433	287	7	the	the	DET
ftr-433	287	8	formula	formula	NOUN
ftr-433	287	9	:	:	PUNCT
ftr-433	287	10	gross30	gross30	NOUN
ftr-433	287	11	income	income	NOUN
ftr-433	287	12	(	(	PUNCT
ftr-433	287	13	g.i	g.i	PROPN
ftr-433	287	14	.	.	PUNCT
ftr-433	287	15	)	)	PUNCT
ftr-433	288	1	minus	minus	CCONJ
ftr-433	288	2	recovery	recovery	NOUN
ftr-433	288	3	(	(	PUNCT
ftr-433	288	4	rcvry	rcvry	PROPN
ftr-433	288	5	)	)	PUNCT
ftr-433	288	6	equals	equal	VERB
ftr-433	288	7	taxable	taxable	ADJ
ftr-433	288	8	income	income	NOUN
ftr-433	288	9	(	(	PUNCT
ftr-433	288	10	t.i	t.i	PROPN
ftr-433	288	11	.	.	PROPN
ftr-433	288	12	)	)	PUNCT
ftr-433	288	13	,	,	PUNCT
ftr-433	288	14	again	again	ADV
ftr-433	288	15	on	on	ADP
ftr-433	288	16	both	both	CCONJ
ftr-433	288	17	an	an	DET
ftr-433	288	18	annual	annual	ADJ
ftr-433	288	19	and	and	CCONJ
ftr-433	288	20	cumulative	cumulative	ADJ
ftr-433	288	21	basis	basis	NOUN
ftr-433	288	22	.	.	PUNCT
ftr-433	289	1	using	use	VERB
ftr-433	289	2	a	a	DET
ftr-433	289	3	50	50	NUM
ftr-433	289	4	%	%	NOUN
ftr-433	289	5	tax	tax	NOUN
ftr-433	289	6	rate	rate	NOUN
ftr-433	289	7	for	for	ADP
ftr-433	289	8	simplicity	simplicity	NOUN
ftr-433	289	9	,	,	PUNCT
ftr-433	289	10	the	the	DET
ftr-433	289	11	tax	tax	NOUN
ftr-433	289	12	column	column	NOUN
ftr-433	289	13	equals	equal	VERB
ftr-433	289	14	50	50	NUM
ftr-433	289	15	%	%	NOUN
ftr-433	289	16	of	of	ADP
ftr-433	289	17	the	the	DET
ftr-433	289	18	taxable	taxable	ADJ
ftr-433	289	19	income	income	NOUN
ftr-433	289	20	column	column	NOUN
ftr-433	289	21	.	.	PUNCT
ftr-433	290	1	the	the	DET
ftr-433	290	2	nominal	nominal	ADJ
ftr-433	290	3	total	total	NOUN
ftr-433	290	4	of	of	ADP
ftr-433	290	5	each	each	DET
ftr-433	290	6	column	column	NOUN
ftr-433	290	7	for	for	ADP
ftr-433	290	8	years	year	NOUN
ftr-433	290	9	1	1	NUM
ftr-433	290	10	through	through	ADP
ftr-433	290	11	4	4	NUM
ftr-433	290	12	is	be	AUX
ftr-433	290	13	shown	show	VERB
ftr-433	290	14	in	in	ADP
ftr-433	290	15	the	the	DET
ftr-433	290	16	horizontal	horizontal	ADJ
ftr-433	290	17	total	total	NOUN
ftr-433	290	18	(	(	PUNCT
ftr-433	290	19	tot	tot	NOUN
ftr-433	290	20	)	)	PUNCT
ftr-433	290	21	row	row	NOUN
ftr-433	290	22	.	.	PUNCT
ftr-433	291	1	the	the	DET
ftr-433	291	2	items	item	NOUN
ftr-433	291	3	described	describe	VERB
ftr-433	291	4	to	to	ADP
ftr-433	291	5	this	this	DET
ftr-433	291	6	point	point	NOUN
ftr-433	291	7	determine	determine	VERB
ftr-433	291	8	the	the	DET
ftr-433	291	9	nominal	nominal	ADJ
ftr-433	291	10	or	or	CCONJ
ftr-433	291	11	economic	economic	ADJ
ftr-433	291	12	consequences	consequence	NOUN
ftr-433	291	13	of	of	ADP
ftr-433	291	14	the	the	DET
ftr-433	291	15	transaction	transaction	NOUN
ftr-433	291	16	portrayed	portray	VERB
ftr-433	291	17	in	in	ADP
ftr-433	291	18	table	table	NOUN
ftr-433	291	19	1	1	NUM
ftr-433	291	20	and	and	CCONJ
ftr-433	291	21	all	all	PRON
ftr-433	291	22	of	of	ADP
ftr-433	291	23	the	the	DET
ftr-433	291	24	tables	table	NOUN
ftr-433	291	25	used	use	VERB
ftr-433	291	26	in	in	ADP
ftr-433	291	27	this	this	DET
ftr-433	291	28	article	article	NOUN
ftr-433	291	29	.	.	PUNCT
ftr-433	292	1	for	for	ADP
ftr-433	292	2	the	the	DET
ftr-433	292	3	purpose	purpose	NOUN
ftr-433	292	4	of	of	ADP
ftr-433	292	5	determining	determine	VERB
ftr-433	292	6	a	a	DET
ftr-433	292	7	transaction	transaction	NOUN
ftr-433	292	8	’s	’s	PART
ftr-433	292	9	financial	financial	ADJ
ftr-433	292	10	consequences	consequence	NOUN
ftr-433	292	11	,	,	PUNCT
ftr-433	292	12	this	this	DET
ftr-433	292	13	article	article	NOUN
ftr-433	292	14	assumes	assume	VERB
ftr-433	292	15	,	,	PUNCT
ftr-433	292	16	unless	unless	SCONJ
ftr-433	292	17	stated	state	VERB
ftr-433	292	18	otherwise	otherwise	ADV
ftr-433	292	19	,	,	PUNCT
ftr-433	292	20	that	that	SCONJ
ftr-433	292	21	all	all	DET
ftr-433	292	22	investment	investment	NOUN
ftr-433	292	23	and	and	CCONJ
ftr-433	292	24	items	item	NOUN
ftr-433	292	25	2002	2002	NUM
ftr-433	292	26	]	]	PUNCT
ftr-433	292	27	normative	normative	ADJ
ftr-433	292	28	capital	capital	NOUN
ftr-433	292	29	cost	cost	NOUN
ftr-433	292	30	recovery	recovery	NOUN
ftr-433	292	31	479	479	NUM
ftr-433	292	32	31	31	NUM
ftr-433	292	33	.	.	PUNCT
ftr-433	293	1	in	in	ADP
ftr-433	293	2	table	table	NOUN
ftr-433	293	3	1	1	NUM
ftr-433	293	4	all	all	PRON
ftr-433	293	5	of	of	ADP
ftr-433	293	6	the	the	DET
ftr-433	293	7	tax	tax	NOUN
ftr-433	293	8	and	and	CCONJ
ftr-433	293	9	financial	financial	ADJ
ftr-433	293	10	events	event	NOUN
ftr-433	293	11	other	other	ADJ
ftr-433	293	12	than	than	ADP
ftr-433	293	13	the	the	DET
ftr-433	293	14	time	time	NOUN
ftr-433	293	15	0	0	NUM
ftr-433	293	16	investment	investment	NOUN
ftr-433	293	17	(	(	PUNCT
ftr-433	293	18	which	which	PRON
ftr-433	293	19	is	be	AUX
ftr-433	293	20	not	not	PART
ftr-433	293	21	shown	show	VERB
ftr-433	293	22	)	)	PUNCT
ftr-433	293	23	occur	occur	VERB
ftr-433	293	24	on	on	ADP
ftr-433	293	25	the	the	DET
ftr-433	293	26	last	last	ADJ
ftr-433	293	27	day	day	NOUN
ftr-433	293	28	of	of	ADP
ftr-433	293	29	taxable	taxable	ADJ
ftr-433	293	30	years	year	NOUN
ftr-433	293	31	1	1	NUM
ftr-433	293	32	through	through	ADP
ftr-433	293	33	4	4	NUM
ftr-433	293	34	.	.	PUNCT
ftr-433	294	1	this	this	PRON
ftr-433	294	2	includes	include	VERB
ftr-433	294	3	receipts	receipt	NOUN
ftr-433	294	4	,	,	PUNCT
ftr-433	294	5	payments	payment	NOUN
ftr-433	294	6	,	,	PUNCT
ftr-433	294	7	and	and	CCONJ
ftr-433	294	8	non	non	ADJ
ftr-433	294	9	-	-	ADJ
ftr-433	294	10	cash	cash	ADJ
ftr-433	294	11	items	item	NOUN
ftr-433	294	12	such	such	ADJ
ftr-433	294	13	as	as	ADP
ftr-433	294	14	recovery	recovery	NOUN
ftr-433	294	15	deductions	deduction	NOUN
ftr-433	294	16	.	.	PUNCT
ftr-433	295	1	when	when	SCONJ
ftr-433	295	2	time	time	NOUN
ftr-433	295	3	0	0	NUM
ftr-433	295	4	events	event	NOUN
ftr-433	295	5	are	be	AUX
ftr-433	295	6	later	later	ADV
ftr-433	295	7	introduced	introduce	VERB
ftr-433	295	8	into	into	ADP
ftr-433	295	9	the	the	DET
ftr-433	295	10	analysis	analysis	NOUN
ftr-433	295	11	,	,	PUNCT
ftr-433	295	12	all	all	DET
ftr-433	295	13	time	time	NOUN
ftr-433	295	14	0	0	NUM
ftr-433	295	15	events	event	NOUN
ftr-433	295	16	will	will	AUX
ftr-433	295	17	be	be	AUX
ftr-433	295	18	shown	show	VERB
ftr-433	295	19	as	as	ADP
ftr-433	295	20	such	such	ADJ
ftr-433	295	21	in	in	ADP
ftr-433	295	22	an	an	DET
ftr-433	295	23	additional	additional	ADJ
ftr-433	295	24	row	row	NOUN
ftr-433	295	25	labeled	label	VERB
ftr-433	295	26	“	"	PUNCT
ftr-433	295	27	0	0	NUM
ftr-433	295	28	”	"	PUNCT
ftr-433	295	29	for	for	ADP
ftr-433	295	30	time	time	NOUN
ftr-433	295	31	0	0	NUM
ftr-433	295	32	.	.	PUNCT
ftr-433	296	1	e.g.	e.g.	ADV
ftr-433	296	2	,	,	PUNCT
ftr-433	296	3	infra	infra	NOUN
ftr-433	296	4	table	table	NOUN
ftr-433	296	5	5	5	NUM
ftr-433	296	6	.	.	PUNCT
ftr-433	296	7	32	32	NUM
ftr-433	296	8	.	.	PUNCT
ftr-433	297	1	a	a	DET
ftr-433	297	2	last	last	ADJ
ftr-433	297	3	day	day	NOUN
ftr-433	297	4	convention	convention	NOUN
ftr-433	297	5	for	for	ADP
ftr-433	297	6	all	all	DET
ftr-433	297	7	income	income	NOUN
ftr-433	297	8	tax	tax	NOUN
ftr-433	297	9	base	base	NOUN
ftr-433	297	10	events	event	NOUN
ftr-433	297	11	facilitates	facilitate	VERB
ftr-433	297	12	portraying	portray	VERB
ftr-433	297	13	an	an	DET
ftr-433	297	14	accretion	accretion	NOUN
ftr-433	297	15	or	or	CCONJ
ftr-433	297	16	cash	cash	NOUN
ftr-433	297	17	flow	flow	NOUN
ftr-433	297	18	-	-	PUNCT
ftr-433	297	19	measured	measure	VERB
ftr-433	297	20	tax	tax	NOUN
ftr-433	297	21	base	base	NOUN
ftr-433	297	22	that	that	PRON
ftr-433	297	23	is	be	AUX
ftr-433	297	24	sensitive	sensitive	ADJ
ftr-433	297	25	to	to	ADP
ftr-433	297	26	the	the	DET
ftr-433	297	27	time	time	NOUN
ftr-433	297	28	value	value	NOUN
ftr-433	297	29	of	of	ADP
ftr-433	297	30	money	money	NOUN
ftr-433	297	31	.	.	PUNCT
ftr-433	298	1	within	within	ADP
ftr-433	298	2	a	a	DET
ftr-433	298	3	cash	cash	NOUN
ftr-433	298	4	flow	flow	NOUN
ftr-433	298	5	-	-	PUNCT
ftr-433	298	6	measured	measure	VERB
ftr-433	298	7	tax	tax	NOUN
ftr-433	298	8	base	base	NOUN
ftr-433	298	9	such	such	ADJ
ftr-433	298	10	as	as	ADP
ftr-433	298	11	a	a	DET
ftr-433	298	12	cfit	cfit	NOUN
ftr-433	298	13	,	,	PUNCT
ftr-433	298	14	time	time	NOUN
ftr-433	298	15	0	0	NUM
ftr-433	298	16	is	be	AUX
ftr-433	298	17	the	the	DET
ftr-433	298	18	appropriate	appropriate	ADJ
ftr-433	298	19	time	time	NOUN
ftr-433	298	20	to	to	PART
ftr-433	298	21	measure	measure	VERB
ftr-433	298	22	all	all	DET
ftr-433	298	23	initial	initial	ADJ
ftr-433	298	24	cash	cash	NOUN
ftr-433	298	25	flows	flow	NOUN
ftr-433	298	26	,	,	PUNCT
ftr-433	298	27	including	include	VERB
ftr-433	298	28	investment	investment	NOUN
ftr-433	298	29	.	.	PUNCT
ftr-433	299	1	a	a	DET
ftr-433	299	2	first	first	ADJ
ftr-433	299	3	day	day	NOUN
ftr-433	299	4	(	(	PUNCT
ftr-433	299	5	time	time	NOUN
ftr-433	299	6	0	0	NUM
ftr-433	299	7	)	)	PUNCT
ftr-433	299	8	convention	convention	NOUN
ftr-433	299	9	for	for	ADP
ftr-433	299	10	expensed	expensed	ADJ
ftr-433	299	11	recovery	recovery	NOUN
ftr-433	299	12	within	within	ADP
ftr-433	299	13	an	an	DET
ftr-433	299	14	hit	hit	NOUN
ftr-433	299	15	base	base	NOUN
ftr-433	299	16	also	also	ADV
ftr-433	299	17	seems	seem	VERB
ftr-433	299	18	appropriate	appropriate	ADJ
ftr-433	299	19	for	for	ADP
ftr-433	299	20	this	this	DET
ftr-433	299	21	cash	cash	NOUN
ftr-433	299	22	flowequivalent	flowequivalent	ADJ
ftr-433	299	23	tax	tax	NOUN
ftr-433	299	24	treatment	treatment	NOUN
ftr-433	299	25	of	of	ADP
ftr-433	299	26	investment	investment	NOUN
ftr-433	299	27	expenditures	expenditure	NOUN
ftr-433	299	28	.	.	PUNCT
ftr-433	300	1	therefore	therefore	ADV
ftr-433	300	2	,	,	PUNCT
ftr-433	300	3	this	this	DET
ftr-433	300	4	article	article	NOUN
ftr-433	300	5	uses	use	VERB
ftr-433	300	6	a	a	DET
ftr-433	300	7	last	last	ADJ
ftr-433	300	8	day	day	NOUN
ftr-433	300	9	convention	convention	NOUN
ftr-433	300	10	when	when	SCONJ
ftr-433	300	11	accounting	account	VERB
ftr-433	300	12	for	for	ADP
ftr-433	300	13	all	all	DET
ftr-433	300	14	true	true	ADJ
ftr-433	300	15	income	income	NOUN
ftr-433	300	16	tax	tax	NOUN
ftr-433	300	17	events	event	NOUN
ftr-433	300	18	and	and	CCONJ
ftr-433	300	19	for	for	ADP
ftr-433	300	20	all	all	DET
ftr-433	300	21	events	event	NOUN
ftr-433	300	22	within	within	ADP
ftr-433	300	23	any	any	DET
ftr-433	300	24	tax	tax	NOUN
ftr-433	300	25	base	base	NOUN
ftr-433	300	26	that	that	PRON
ftr-433	300	27	are	be	AUX
ftr-433	300	28	determinative	determinative	ADJ
ftr-433	300	29	of	of	ADP
ftr-433	300	30	financial	financial	ADJ
ftr-433	300	31	consequences	consequence	NOUN
ftr-433	300	32	before	before	ADP
ftr-433	300	33	or	or	CCONJ
ftr-433	300	34	after	after	ADP
ftr-433	300	35	tax	tax	NOUN
ftr-433	300	36	.	.	PUNCT
ftr-433	301	1	however	however	ADV
ftr-433	301	2	,	,	PUNCT
ftr-433	301	3	the	the	DET
ftr-433	301	4	article	article	NOUN
ftr-433	301	5	uses	use	VERB
ftr-433	301	6	a	a	DET
ftr-433	301	7	first	first	ADJ
ftr-433	301	8	day	day	NOUN
ftr-433	301	9	of	of	ADP
ftr-433	301	10	year	year	NOUN
ftr-433	301	11	1	1	NUM
ftr-433	301	12	(	(	PUNCT
ftr-433	301	13	or	or	CCONJ
ftr-433	301	14	time	time	NOUN
ftr-433	301	15	0	0	NUM
ftr-433	301	16	)	)	PUNCT
ftr-433	301	17	convention	convention	NOUN
ftr-433	301	18	to	to	PART
ftr-433	301	19	account	account	VERB
ftr-433	301	20	for	for	ADP
ftr-433	301	21	both	both	DET
ftr-433	301	22	true	true	ADJ
ftr-433	301	23	expensing	expensing	NOUN
ftr-433	301	24	within	within	ADP
ftr-433	301	25	a	a	DET
ftr-433	301	26	cfit	cfit	NOUN
ftr-433	301	27	base	base	NOUN
ftr-433	301	28	and	and	CCONJ
ftr-433	301	29	expensing	expense	VERB
ftr-433	301	30	as	as	ADP
ftr-433	301	31	a	a	DET
ftr-433	301	32	generic	generic	ADJ
ftr-433	301	33	income	income	NOUN
ftr-433	301	34	tax	tax	NOUN
ftr-433	301	35	recovery	recovery	NOUN
ftr-433	301	36	method	method	NOUN
ftr-433	301	37	within	within	ADP
ftr-433	301	38	either	either	CCONJ
ftr-433	301	39	an	an	DET
ftr-433	301	40	amit	amit	NOUN
ftr-433	301	41	or	or	CCONJ
ftr-433	301	42	hit	hit	VERB
ftr-433	301	43	base	base	NOUN
ftr-433	301	44	.	.	PUNCT
ftr-433	302	1	33	33	NUM
ftr-433	302	2	.	.	PUNCT
ftr-433	303	1	since	since	SCONJ
ftr-433	303	2	the	the	DET
ftr-433	303	3	yield	yield	NOUN
ftr-433	303	4	rate	rate	NOUN
ftr-433	303	5	produced	produce	VERB
ftr-433	303	6	by	by	ADP
ftr-433	303	7	the	the	DET
ftr-433	303	8	investment	investment	NOUN
ftr-433	303	9	equals	equal	VERB
ftr-433	303	10	the	the	DET
ftr-433	303	11	pre	pre	ADJ
ftr-433	303	12	-	-	ADJ
ftr-433	303	13	tax	tax	ADJ
ftr-433	303	14	discount	discount	NOUN
ftr-433	303	15	1rate	1rate	NUM
ftr-433	303	16	of	of	ADP
ftr-433	303	17	10	10	NUM
ftr-433	303	18	%	%	NOUN
ftr-433	303	19	,	,	PUNCT
ftr-433	303	20	both	both	CCONJ
ftr-433	303	21	the	the	DET
ftr-433	303	22	g.i	g.i	PROPN
ftr-433	303	23	.	.	PROPN
ftr-433	304	1	and	and	CCONJ
ftr-433	304	2	ptcf	ptcf	PROPN
ftr-433	304	3	columns	column	NOUN
ftr-433	304	4	have	have	VERB
ftr-433	304	5	pv	pv	PROPN
ftr-433	304	6	’s	’s	NOUN
ftr-433	304	7	of	of	ADP
ftr-433	304	8	$	$	SYM
ftr-433	304	9	100	100	NUM
ftr-433	304	10	.	.	PUNCT
ftr-433	305	1	this	this	PRON
ftr-433	305	2	indicates	indicate	VERB
ftr-433	305	3	that	that	SCONJ
ftr-433	305	4	the	the	DET
ftr-433	305	5	pre	pre	ADJ
ftr-433	305	6	-	-	ADJ
ftr-433	305	7	tax	tax	ADJ
ftr-433	305	8	present	present	ADJ
ftr-433	305	9	value	value	NOUN
ftr-433	305	10	of	of	ADP
ftr-433	305	11	both	both	CCONJ
ftr-433	305	12	the	the	DET
ftr-433	305	13	tax	tax	NOUN
ftr-433	305	14	and	and	CCONJ
ftr-433	305	15	economic	economic	ADJ
ftr-433	305	16	income	income	NOUN
ftr-433	305	17	streams	stream	NOUN
ftr-433	305	18	produced	produce	VERB
ftr-433	305	19	by	by	ADP
ftr-433	305	20	the	the	DET
ftr-433	305	21	asset	asset	NOUN
ftr-433	305	22	equal	equal	VERB
ftr-433	305	23	the	the	DET
ftr-433	305	24	amount	amount	NOUN
ftr-433	305	25	invested	invest	VERB
ftr-433	305	26	.	.	PUNCT
ftr-433	306	1	in	in	ADP
ftr-433	306	2	classical	classical	ADJ
ftr-433	306	3	financial	financial	ADJ
ftr-433	306	4	texts	text	NOUN
ftr-433	306	5	,	,	PUNCT
ftr-433	306	6	the	the	DET
ftr-433	306	7	pre	pre	ADJ
ftr-433	306	8	-	-	ADJ
ftr-433	306	9	tax	tax	ADJ
ftr-433	306	10	discount	discount	NOUN
ftr-433	306	11	rate	rate	NOUN
ftr-433	306	12	is	be	AUX
ftr-433	306	13	usually	usually	ADV
ftr-433	306	14	less	less	ADJ
ftr-433	306	15	than	than	ADP
ftr-433	306	16	the	the	DET
ftr-433	306	17	real	real	ADJ
ftr-433	306	18	or	or	CCONJ
ftr-433	306	19	projected	project	VERB
ftr-433	306	20	yield	yield	NOUN
ftr-433	306	21	rate	rate	NOUN
ftr-433	306	22	,	,	PUNCT
ftr-433	306	23	allowing	allow	VERB
ftr-433	306	24	the	the	DET
ftr-433	306	25	financial	financial	ADJ
ftr-433	306	26	analyst	analyst	NOUN
ftr-433	306	27	to	to	PART
ftr-433	306	28	evaluate	evaluate	VERB
ftr-433	306	29	investments	investment	NOUN
ftr-433	306	30	or	or	CCONJ
ftr-433	306	31	potential	potential	ADJ
ftr-433	306	32	profitability	profitability	NOUN
ftr-433	306	33	on	on	ADP
ftr-433	306	34	the	the	DET
ftr-433	306	35	basis	basis	NOUN
ftr-433	306	36	of	of	ADP
ftr-433	306	37	their	their	PRON
ftr-433	306	38	positive	positive	ADJ
ftr-433	306	39	net	net	ADJ
ftr-433	306	40	present	present	ADJ
ftr-433	306	41	value	value	NOUN
ftr-433	306	42	.	.	PUNCT
ftr-433	307	1	e.g.	e.g.	ADV
ftr-433	307	2	,	,	PUNCT
ftr-433	307	3	richard	richard	PROPN
ftr-433	307	4	brealey	brealey	PROPN
ftr-433	307	5	&	&	CCONJ
ftr-433	307	6	stewart	stewart	PROPN
ftr-433	307	7	myers	myers	PROPN
ftr-433	307	8	,	,	PUNCT
ftr-433	307	9	principles	principle	NOUN
ftr-433	307	10	of	of	ADP
ftr-433	307	11	corporate	corporate	ADJ
ftr-433	307	12	finance	finance	NOUN
ftr-433	307	13	10	10	NUM
ftr-433	307	14	-	-	SYM
ftr-433	307	15	12	12	NUM
ftr-433	307	16	(	(	PUNCT
ftr-433	307	17	1981	1981	NUM
ftr-433	307	18	)	)	PUNCT
ftr-433	307	19	.	.	PUNCT
ftr-433	308	1	for	for	ADP
ftr-433	308	2	simplification	simplification	NOUN
ftr-433	308	3	purposes	purpose	NOUN
ftr-433	308	4	and	and	CCONJ
ftr-433	308	5	because	because	SCONJ
ftr-433	308	6	this	this	DET
ftr-433	308	7	article	article	NOUN
ftr-433	308	8	focuses	focus	VERB
ftr-433	308	9	on	on	ADP
ftr-433	308	10	the	the	DET
ftr-433	308	11	relative	relative	ADJ
ftr-433	308	12	financial	financial	ADJ
ftr-433	308	13	differences	difference	NOUN
ftr-433	308	14	among	among	ADP
ftr-433	308	15	recovery	recovery	NOUN
ftr-433	308	16	methods	method	NOUN
ftr-433	308	17	,	,	PUNCT
ftr-433	308	18	the	the	DET
ftr-433	308	19	pre	pre	ADJ
ftr-433	308	20	-	-	ADJ
ftr-433	308	21	tax	tax	ADJ
ftr-433	308	22	yield	yield	NOUN
ftr-433	308	23	rate	rate	NOUN
ftr-433	308	24	is	be	AUX
ftr-433	308	25	assumed	assume	VERB
ftr-433	308	26	to	to	PART
ftr-433	308	27	equal	equal	VERB
ftr-433	308	28	the	the	DET
ftr-433	308	29	pre	pre	ADJ
ftr-433	308	30	-	-	ADJ
ftr-433	308	31	tax	tax	ADJ
ftr-433	308	32	discount	discount	NOUN
ftr-433	308	33	rate	rate	NOUN
ftr-433	308	34	(	(	PUNCT
ftr-433	308	35	10	10	NUM
ftr-433	308	36	%	%	NOUN
ftr-433	308	37	)	)	PUNCT
ftr-433	308	38	throughout	throughout	ADP
ftr-433	308	39	this	this	DET
ftr-433	308	40	article	article	NOUN
ftr-433	308	41	unless	unless	SCONJ
ftr-433	308	42	stated	state	VERB
ftr-433	308	43	otherwise	otherwise	ADV
ftr-433	308	44	.	.	PUNCT
ftr-433	309	1	this	this	PRON
ftr-433	309	2	is	be	AUX
ftr-433	309	3	the	the	DET
ftr-433	309	4	most	most	ADV
ftr-433	309	5	common	common	ADJ
ftr-433	309	6	scenario	scenario	NOUN
ftr-433	309	7	employed	employ	VERB
ftr-433	309	8	in	in	ADP
ftr-433	309	9	the	the	DET
ftr-433	309	10	literature	literature	NOUN
ftr-433	309	11	and	and	CCONJ
ftr-433	309	12	is	be	AUX
ftr-433	309	13	called	call	VERB
ftr-433	309	14	a	a	DET
ftr-433	309	15	break	break	NOUN
ftr-433	309	16	-	-	PUNCT
ftr-433	309	17	even	even	ADV
ftr-433	309	18	transaction	transaction	NOUN
ftr-433	309	19	in	in	ADP
ftr-433	309	20	this	this	DET
ftr-433	309	21	article	article	NOUN
ftr-433	309	22	.	.	PUNCT
ftr-433	310	1	34	34	NUM
ftr-433	310	2	.	.	PUNCT
ftr-433	311	1	this	this	DET
ftr-433	311	2	discount	discount	NOUN
ftr-433	311	3	rate	rate	NOUN
ftr-433	311	4	measures	measure	NOUN
ftr-433	311	5	how	how	SCONJ
ftr-433	311	6	much	much	ADJ
ftr-433	311	7	a	a	DET
ftr-433	311	8	given	give	VERB
ftr-433	311	9	series	series	NOUN
ftr-433	311	10	of	of	ADP
ftr-433	311	11	tax	tax	NOUN
ftr-433	311	12	or	or	CCONJ
ftr-433	311	13	accounting	accounting	NOUN
ftr-433	311	14	flows	flow	NOUN
ftr-433	311	15	is	be	AUX
ftr-433	311	16	worth	worth	ADJ
ftr-433	311	17	or	or	CCONJ
ftr-433	311	18	costs	cost	NOUN
ftr-433	311	19	on	on	ADP
ftr-433	311	20	the	the	DET
ftr-433	311	21	assumption	assumption	NOUN
ftr-433	311	22	that	that	SCONJ
ftr-433	311	23	each	each	DET
ftr-433	311	24	year	year	NOUN
ftr-433	311	25	’s	’s	PART
ftr-433	311	26	amount	amount	NOUN
ftr-433	311	27	either	either	CCONJ
ftr-433	311	28	makes	make	VERB
ftr-433	311	29	or	or	CCONJ
ftr-433	311	30	costs	cost	VERB
ftr-433	311	31	the	the	DET
ftr-433	311	32	taxpayer	taxpayer	NOUN
ftr-433	311	33	money	money	NOUN
ftr-433	311	34	(	(	PUNCT
ftr-433	311	35	whether	whether	SCONJ
ftr-433	311	36	directly	directly	ADV
ftr-433	311	37	or	or	CCONJ
ftr-433	311	38	indirectly	indirectly	ADV
ftr-433	311	39	)	)	PUNCT
ftr-433	311	40	,	,	PUNCT
ftr-433	311	41	and	and	CCONJ
ftr-433	311	42	that	that	SCONJ
ftr-433	311	43	each	each	DET
ftr-433	311	44	year	year	NOUN
ftr-433	311	45	’s	’s	PART
ftr-433	311	46	amount	amount	NOUN
ftr-433	311	47	earns	earn	VERB
ftr-433	311	48	a	a	DET
ftr-433	311	49	10	10	NUM
ftr-433	311	50	%	%	NOUN
ftr-433	311	51	pre	pre	ADJ
ftr-433	311	52	-	-	ADJ
ftr-433	311	53	tax	tax	ADJ
ftr-433	311	54	yield	yield	NOUN
ftr-433	311	55	which	which	PRON
ftr-433	311	56	is	be	AUX
ftr-433	311	57	taxed	tax	VERB
ftr-433	311	58	at	at	ADP
ftr-433	311	59	a	a	DET
ftr-433	311	60	50	50	NUM
ftr-433	311	61	%	%	NOUN
ftr-433	311	62	rate	rate	NOUN
ftr-433	311	63	,	,	PUNCT
ftr-433	311	64	leaving	leave	VERB
ftr-433	311	65	the	the	DET
ftr-433	311	66	net	net	ADJ
ftr-433	311	67	yield	yield	NOUN
ftr-433	311	68	or	or	CCONJ
ftr-433	311	69	cost	cost	NOUN
ftr-433	311	70	of	of	ADP
ftr-433	311	71	that	that	PRON
ftr-433	311	72	directly	directly	ADV
ftr-433	311	73	related	relate	VERB
ftr-433	311	74	to	to	ADP
ftr-433	311	75	investment	investment	NOUN
ftr-433	311	76	occur	occur	VERB
ftr-433	311	77	on	on	ADP
ftr-433	311	78	the	the	DET
ftr-433	311	79	first	first	ADJ
ftr-433	311	80	day	day	NOUN
ftr-433	311	81	of	of	ADP
ftr-433	311	82	year	year	NOUN
ftr-433	311	83	1	1	NUM
ftr-433	311	84	(	(	PUNCT
ftr-433	311	85	or	or	CCONJ
ftr-433	311	86	time	time	NOUN
ftr-433	311	87	0	0	NUM
ftr-433	311	88	)	)	PUNCT
ftr-433	311	89	and	and	CCONJ
ftr-433	311	90	that	that	SCONJ
ftr-433	311	91	all	all	DET
ftr-433	311	92	items	item	NOUN
ftr-433	311	93	of	of	ADP
ftr-433	311	94	income	income	NOUN
ftr-433	311	95	and	and	CCONJ
ftr-433	311	96	deduction	deduction	NOUN
ftr-433	311	97	take	take	VERB
ftr-433	311	98	place	place	NOUN
ftr-433	311	99	simultaneously	simultaneously	ADV
ftr-433	311	100	on	on	ADP
ftr-433	311	101	the	the	DET
ftr-433	311	102	last	last	ADJ
ftr-433	311	103	day	day	NOUN
ftr-433	311	104	of	of	ADP
ftr-433	311	105	each	each	DET
ftr-433	311	106	taxable	taxable	ADJ
ftr-433	311	107	year	year	NOUN
ftr-433	311	108	.	.	PUNCT
ftr-433	312	1	this	this	DET
ftr-433	312	2	assumption	assumption	NOUN
ftr-433	312	3	consistently	consistently	ADV
ftr-433	312	4	determines	determine	VERB
ftr-433	312	5	the	the	DET
ftr-433	312	6	present	present	ADJ
ftr-433	312	7	value	value	NOUN
ftr-433	312	8	of	of	ADP
ftr-433	312	9	all	all	DET
ftr-433	312	10	tax	tax	NOUN
ftr-433	312	11	-	-	PUNCT
ftr-433	312	12	significant	significant	ADJ
ftr-433	312	13	items	item	NOUN
ftr-433	312	14	in	in	ADP
ftr-433	312	15	all	all	DET
ftr-433	312	16	tax	tax	NOUN
ftr-433	312	17	base	base	NOUN
ftr-433	312	18	analyses	analysis	NOUN
ftr-433	312	19	as	as	ADP
ftr-433	312	20	of	of	ADP
ftr-433	312	21	time	time	NOUN
ftr-433	312	22	0	0	NUM
ftr-433	312	23	(	(	PUNCT
ftr-433	312	24	or	or	CCONJ
ftr-433	312	25	first	first	ADJ
ftr-433	312	26	day	day	NOUN
ftr-433	312	27	of	of	ADP
ftr-433	312	28	year	year	NOUN
ftr-433	312	29	1	1	NUM
ftr-433	312	30	)	)	PUNCT
ftr-433	312	31	.	.	PUNCT
ftr-433	313	1	for	for	ADP
ftr-433	313	2	the	the	DET
ftr-433	313	3	same	same	ADJ
ftr-433	313	4	reason	reason	NOUN
ftr-433	313	5	,	,	PUNCT
ftr-433	313	6	throughout	throughout	ADP
ftr-433	313	7	this	this	DET
ftr-433	313	8	article	article	NOUN
ftr-433	313	9	all	all	DET
ftr-433	313	10	other	other	ADJ
ftr-433	313	11	items	item	NOUN
ftr-433	313	12	relating	relate	VERB
ftr-433	313	13	to	to	ADP
ftr-433	313	14	the	the	DET
ftr-433	313	15	determination	determination	NOUN
ftr-433	313	16	of	of	ADP
ftr-433	313	17	the	the	DET
ftr-433	313	18	financial	financial	ADJ
ftr-433	313	19	and	and	CCONJ
ftr-433	313	20	economic	economic	ADJ
ftr-433	313	21	consequences	consequence	NOUN
ftr-433	313	22	of	of	ADP
ftr-433	313	23	the	the	DET
ftr-433	313	24	transactions	transaction	NOUN
ftr-433	313	25	described	describe	VERB
ftr-433	313	26	are	be	AUX
ftr-433	313	27	presumed	presume	VERB
ftr-433	313	28	to	to	PART
ftr-433	313	29	occur	occur	VERB
ftr-433	313	30	simultaneously	simultaneously	ADV
ftr-433	313	31	on	on	ADP
ftr-433	313	32	the	the	DET
ftr-433	313	33	last	last	ADJ
ftr-433	313	34	day	day	NOUN
ftr-433	313	35	of	of	ADP
ftr-433	313	36	taxable	taxable	ADJ
ftr-433	313	37	years	year	NOUN
ftr-433	313	38	1	1	NUM
ftr-433	313	39	through	through	ADP
ftr-433	313	40	4	4	NUM
ftr-433	313	41	.	.	PUNCT
ftr-433	314	1	these	these	DET
ftr-433	314	2	timing	timing	NOUN
ftr-433	314	3	conventions	convention	NOUN
ftr-433	314	4	provide	provide	VERB
ftr-433	314	5	accounting31	accounting31	NOUN
ftr-433	314	6	consistency	consistency	NOUN
ftr-433	314	7	within	within	ADP
ftr-433	314	8	and	and	CCONJ
ftr-433	314	9	among	among	ADP
ftr-433	314	10	the	the	DET
ftr-433	314	11	three	three	NUM
ftr-433	314	12	tax	tax	NOUN
ftr-433	314	13	bases.32	bases.32	PROPN
ftr-433	314	14	four	four	NUM
ftr-433	314	15	items	item	NOUN
ftr-433	314	16	portray	portray	VERB
ftr-433	314	17	the	the	DET
ftr-433	314	18	financial	financial	ADJ
ftr-433	314	19	consequences	consequence	NOUN
ftr-433	314	20	of	of	ADP
ftr-433	314	21	economic	economic	ADJ
ftr-433	314	22	cost	cost	NOUN
ftr-433	314	23	1recovery	1recovery	NUM
ftr-433	314	24	in	in	ADP
ftr-433	314	25	table	table	NOUN
ftr-433	314	26	1	1	NUM
ftr-433	314	27	.	.	PUNCT
ftr-433	315	1	first	first	ADV
ftr-433	315	2	,	,	PUNCT
ftr-433	315	3	the	the	DET
ftr-433	315	4	pv	pv	NOUN
ftr-433	315	5	row	row	NOUN
ftr-433	315	6	shows	show	VERB
ftr-433	315	7	the	the	DET
ftr-433	315	8	pre	pre	ADJ
ftr-433	315	9	-	-	ADJ
ftr-433	315	10	tax	tax	ADJ
ftr-433	315	11	present	present	ADJ
ftr-433	315	12	value	value	NOUN
ftr-433	315	13	of	of	ADP
ftr-433	315	14	each	each	DET
ftr-433	315	15	column	column	NOUN
ftr-433	315	16	,	,	PUNCT
ftr-433	315	17	using	use	VERB
ftr-433	315	18	a	a	DET
ftr-433	315	19	10	10	NUM
ftr-433	315	20	%	%	NOUN
ftr-433	315	21	discount	discount	NOUN
ftr-433	315	22	rate	rate	NOUN
ftr-433	315	23	,	,	PUNCT
ftr-433	315	24	compounded	compound	VERB
ftr-433	315	25	annually	annually	ADV
ftr-433	315	26	.	.	PUNCT
ftr-433	316	1	since	since	SCONJ
ftr-433	316	2	the	the	DET
ftr-433	316	3	tax	tax	NOUN
ftr-433	316	4	rate33	rate33	NOUN
ftr-433	316	5	2is	2is	PROPN
ftr-433	316	6	assumed	assume	VERB
ftr-433	316	7	to	to	PART
ftr-433	316	8	be	be	AUX
ftr-433	316	9	50	50	NUM
ftr-433	316	10	%	%	NOUN
ftr-433	316	11	,	,	PUNCT
ftr-433	316	12	the	the	DET
ftr-433	316	13	pv	pv	NOUN
ftr-433	316	14	row	row	NOUN
ftr-433	316	15	shows	show	VERB
ftr-433	316	16	the	the	DET
ftr-433	316	17	after	after	ADP
ftr-433	316	18	-	-	PUNCT
ftr-433	316	19	tax	tax	NOUN
ftr-433	316	20	present	present	ADJ
ftr-433	316	21	value	value	NOUN
ftr-433	316	22	of	of	ADP
ftr-433	316	23	each	each	DET
ftr-433	316	24	column	column	NOUN
ftr-433	316	25	using	use	VERB
ftr-433	316	26	a	a	DET
ftr-433	316	27	5	5	NUM
ftr-433	316	28	%	%	NOUN
ftr-433	316	29	discount	discount	NOUN
ftr-433	316	30	rate	rate	NOUN
ftr-433	316	31	compounded	compound	VERB
ftr-433	316	32	annually	annually	ADV
ftr-433	316	33	.	.	PUNCT
ftr-433	317	1	the	the	DET
ftr-433	317	2	irr	irr	NOUN
ftr-433	317	3	row	row	NOUN
ftr-433	317	4	shows34	shows34	ADV
ftr-433	317	5	480	480	NUM
ftr-433	317	6	florida	florida	PROPN
ftr-433	317	7	tax	tax	PROPN
ftr-433	317	8	review	review	NOUN
ftr-433	318	1	[	[	X
ftr-433	318	2	vol	vol	NOUN
ftr-433	318	3	.	.	PUNCT
ftr-433	319	1	5:7	5:7	NUM
ftr-433	319	2	series	series	NOUN
ftr-433	319	3	of	of	ADP
ftr-433	319	4	amounts	amount	NOUN
ftr-433	319	5	after	after	SCONJ
ftr-433	319	6	tax	tax	NOUN
ftr-433	319	7	to	to	PART
ftr-433	319	8	be	be	AUX
ftr-433	319	9	measured	measure	VERB
ftr-433	319	10	at	at	ADP
ftr-433	319	11	a	a	DET
ftr-433	319	12	5	5	NUM
ftr-433	319	13	%	%	NOUN
ftr-433	319	14	discount	discount	NOUN
ftr-433	319	15	rate	rate	NOUN
ftr-433	319	16	compounded	compound	VERB
ftr-433	319	17	annually	annually	ADV
ftr-433	319	18	.	.	PUNCT
ftr-433	320	1	35	35	NUM
ftr-433	320	2	.	.	PUNCT
ftr-433	321	1	this	this	DET
ftr-433	321	2	financial	financial	ADJ
ftr-433	321	3	characteristic	characteristic	ADJ
ftr-433	321	4	measures	measure	NOUN
ftr-433	321	5	the	the	DET
ftr-433	321	6	constant	constant	ADJ
ftr-433	321	7	discount	discount	NOUN
ftr-433	321	8	rate	rate	NOUN
ftr-433	321	9	that	that	PRON
ftr-433	321	10	,	,	PUNCT
ftr-433	321	11	applied	apply	VERB
ftr-433	321	12	to	to	ADP
ftr-433	321	13	the	the	DET
ftr-433	321	14	sequence	sequence	NOUN
ftr-433	321	15	of	of	ADP
ftr-433	321	16	cash	cash	NOUN
ftr-433	321	17	flows	flow	NOUN
ftr-433	321	18	in	in	ADP
ftr-433	321	19	years	year	NOUN
ftr-433	321	20	0	0	NUM
ftr-433	321	21	through	through	ADP
ftr-433	321	22	4	4	NUM
ftr-433	321	23	,	,	PUNCT
ftr-433	321	24	yields	yield	VERB
ftr-433	321	25	the	the	DET
ftr-433	321	26	amount	amount	NOUN
ftr-433	321	27	of	of	ADP
ftr-433	321	28	any	any	DET
ftr-433	321	29	equity	equity	NOUN
ftr-433	321	30	invested	invest	VERB
ftr-433	321	31	at	at	ADP
ftr-433	321	32	time	time	NOUN
ftr-433	321	33	or	or	CCONJ
ftr-433	321	34	year	year	NOUN
ftr-433	321	35	0	0	NUM
ftr-433	321	36	of	of	ADP
ftr-433	321	37	the	the	DET
ftr-433	321	38	transaction	transaction	NOUN
ftr-433	321	39	.	.	PUNCT
ftr-433	322	1	see	see	VERB
ftr-433	322	2	brealey	brealey	PROPN
ftr-433	322	3	&	&	CCONJ
ftr-433	322	4	myers	myers	PROPN
ftr-433	322	5	,	,	PUNCT
ftr-433	322	6	supra	supra	PROPN
ftr-433	322	7	note	note	PROPN
ftr-433	322	8	33	33	NUM
ftr-433	322	9	,	,	PUNCT
ftr-433	322	10	at	at	ADP
ftr-433	322	11	70	70	NUM
ftr-433	322	12	-	-	SYM
ftr-433	322	13	72	72	NUM
ftr-433	322	14	.	.	PUNCT
ftr-433	323	1	for	for	ADP
ftr-433	323	2	example	example	NOUN
ftr-433	323	3	,	,	PUNCT
ftr-433	323	4	in	in	ADP
ftr-433	323	5	table	table	NOUN
ftr-433	323	6	3	3	NUM
ftr-433	323	7	,	,	PUNCT
ftr-433	323	8	since	since	SCONJ
ftr-433	323	9	the	the	DET
ftr-433	323	10	asset	asset	NOUN
ftr-433	323	11	yield	yield	NOUN
ftr-433	323	12	rate	rate	NOUN
ftr-433	323	13	is	be	AUX
ftr-433	323	14	10	10	NUM
ftr-433	323	15	%	%	NOUN
ftr-433	323	16	,	,	PUNCT
ftr-433	323	17	the	the	DET
ftr-433	323	18	irr	irr	NOUN
ftr-433	323	19	of	of	ADP
ftr-433	323	20	the	the	DET
ftr-433	323	21	ptcf	ptcf	NOUN
ftr-433	323	22	is	be	AUX
ftr-433	323	23	also	also	ADV
ftr-433	323	24	10	10	NUM
ftr-433	323	25	%	%	NOUN
ftr-433	323	26	.	.	PUNCT
ftr-433	324	1	36	36	NUM
ftr-433	324	2	.	.	PUNCT
ftr-433	325	1	the	the	DET
ftr-433	325	2	irr	irr	NOUN
ftr-433	325	3	effective	effective	ADJ
ftr-433	325	4	tax	tax	NOUN
ftr-433	325	5	rate	rate	NOUN
ftr-433	325	6	is	be	AUX
ftr-433	325	7	determined	determine	VERB
ftr-433	325	8	by	by	ADP
ftr-433	325	9	dividing	divide	VERB
ftr-433	325	10	the	the	DET
ftr-433	325	11	irr	irr	NOUN
ftr-433	325	12	of	of	ADP
ftr-433	325	13	the	the	DET
ftr-433	325	14	pre	pre	ADJ
ftr-433	325	15	-	-	ADJ
ftr-433	325	16	tax	tax	ADJ
ftr-433	325	17	cash	cash	NOUN
ftr-433	325	18	flow	flow	NOUN
ftr-433	325	19	minus	minus	ADP
ftr-433	325	20	the	the	DET
ftr-433	325	21	irr	irr	NOUN
ftr-433	325	22	of	of	ADP
ftr-433	325	23	the	the	DET
ftr-433	325	24	after	after	ADP
ftr-433	325	25	-	-	PUNCT
ftr-433	325	26	tax	tax	NOUN
ftr-433	325	27	cash	cash	NOUN
ftr-433	325	28	flow	flow	NOUN
ftr-433	325	29	by	by	ADP
ftr-433	325	30	the	the	DET
ftr-433	325	31	irr	irr	NOUN
ftr-433	325	32	of	of	ADP
ftr-433	325	33	the	the	DET
ftr-433	325	34	pre	pre	ADJ
ftr-433	325	35	-	-	ADJ
ftr-433	325	36	tax	tax	ADJ
ftr-433	325	37	cash	cash	NOUN
ftr-433	325	38	flow	flow	NOUN
ftr-433	325	39	.	.	PUNCT
ftr-433	326	1	the	the	DET
ftr-433	326	2	formula	formula	NOUN
ftr-433	326	3	can	can	AUX
ftr-433	326	4	be	be	AUX
ftr-433	326	5	expressed	express	VERB
ftr-433	326	6	as	as	ADP
ftr-433	326	7	:	:	PUNCT
ftr-433	326	8	(	(	PUNCT
ftr-433	326	9	irr	irr	PROPN
ftr-433	326	10	ptcf	ptcf	PROPN
ftr-433	326	11	irr	irr	PROPN
ftr-433	326	12	atcf)/irr	atcf)/irr	PROPN
ftr-433	326	13	ptcf	ptcf	PROPN
ftr-433	326	14	=	=	PROPN
ftr-433	326	15	etr	etr	PROPN
ftr-433	326	16	.	.	PROPN
ftr-433	327	1	37	37	NUM
ftr-433	327	2	.	.	PUNCT
ftr-433	328	1	this	this	DET
ftr-433	328	2	ratio	ratio	NOUN
ftr-433	328	3	satisfies	satisfy	VERB
ftr-433	328	4	the	the	DET
ftr-433	328	5	samuelson	samuelson	PROPN
ftr-433	328	6	definition	definition	NOUN
ftr-433	328	7	of	of	ADP
ftr-433	328	8	economic	economic	ADJ
ftr-433	328	9	depreciation	depreciation	NOUN
ftr-433	328	10	.	.	PUNCT
ftr-433	329	1	samuelson	samuelson	PROPN
ftr-433	329	2	,	,	PUNCT
ftr-433	329	3	supra	supra	PROPN
ftr-433	329	4	note	note	PROPN
ftr-433	329	5	25	25	NUM
ftr-433	329	6	.	.	PUNCT
ftr-433	329	7	note	note	VERB
ftr-433	329	8	that	that	SCONJ
ftr-433	329	9	the	the	DET
ftr-433	329	10	timing	timing	NOUN
ftr-433	329	11	conventions	convention	NOUN
ftr-433	329	12	explained	explain	VERB
ftr-433	329	13	earlier	early	ADV
ftr-433	329	14	play	play	VERB
ftr-433	329	15	a	a	DET
ftr-433	329	16	critical	critical	ADJ
ftr-433	329	17	role	role	NOUN
ftr-433	329	18	in	in	ADP
ftr-433	329	19	defining	define	VERB
ftr-433	329	20	economic	economic	ADJ
ftr-433	329	21	depreciation	depreciation	NOUN
ftr-433	329	22	.	.	PUNCT
ftr-433	330	1	if	if	SCONJ
ftr-433	330	2	,	,	PUNCT
ftr-433	330	3	for	for	ADP
ftr-433	330	4	example	example	NOUN
ftr-433	330	5	,	,	PUNCT
ftr-433	330	6	annual	annual	ADJ
ftr-433	330	7	tax	tax	NOUN
ftr-433	330	8	and	and	CCONJ
ftr-433	330	9	cash	cash	NOUN
ftr-433	330	10	flow	flow	NOUN
ftr-433	330	11	events	event	NOUN
ftr-433	330	12	were	be	AUX
ftr-433	330	13	treated	treat	VERB
ftr-433	330	14	as	as	ADP
ftr-433	330	15	occurring	occur	VERB
ftr-433	330	16	on	on	ADP
ftr-433	330	17	the	the	DET
ftr-433	330	18	first	first	ADJ
ftr-433	330	19	,	,	PUNCT
ftr-433	330	20	rather	rather	ADV
ftr-433	330	21	than	than	ADP
ftr-433	330	22	the	the	DET
ftr-433	330	23	last	last	ADJ
ftr-433	330	24	day	day	NOUN
ftr-433	330	25	of	of	ADP
ftr-433	330	26	each	each	DET
ftr-433	330	27	taxable	taxable	ADJ
ftr-433	330	28	year	year	NOUN
ftr-433	330	29	,	,	PUNCT
ftr-433	330	30	the	the	DET
ftr-433	330	31	irr	irr	NOUN
ftr-433	330	32	of	of	ADP
ftr-433	330	33	the	the	DET
ftr-433	330	34	atcf	atcf	NOUN
ftr-433	330	35	would	would	AUX
ftr-433	330	36	become	become	VERB
ftr-433	330	37	8.54	8.54	NUM
ftr-433	330	38	%	%	NOUN
ftr-433	330	39	,	,	PUNCT
ftr-433	330	40	and	and	CCONJ
ftr-433	330	41	the	the	DET
ftr-433	330	42	irr	irr	NOUN
ftr-433	330	43	etr	etr	PROPN
ftr-433	330	44	would	would	AUX
ftr-433	330	45	become	become	VERB
ftr-433	330	46	(	(	PUNCT
ftr-433	330	47	10.0	10.0	NUM
ftr-433	330	48	8.54)/10.0	8.54)/10.0	NUM
ftr-433	330	49	=	=	SYM
ftr-433	330	50	14.6	14.6	NUM
ftr-433	330	51	%	%	NOUN
ftr-433	330	52	.	.	PUNCT
ftr-433	331	1	under	under	ADP
ftr-433	331	2	those	those	DET
ftr-433	331	3	circumstances	circumstance	NOUN
ftr-433	331	4	,	,	PUNCT
ftr-433	331	5	table	table	NOUN
ftr-433	331	6	3	3	NUM
ftr-433	331	7	would	would	AUX
ftr-433	331	8	no	no	ADV
ftr-433	331	9	longer	long	ADV
ftr-433	331	10	demonstrate	demonstrate	VERB
ftr-433	331	11	economic	economic	ADJ
ftr-433	331	12	depreciation	depreciation	NOUN
ftr-433	331	13	.	.	PUNCT
ftr-433	332	1	38	38	NUM
ftr-433	332	2	.	.	PUNCT
ftr-433	333	1	see	see	VERB
ftr-433	333	2	treasury	treasury	PROPN
ftr-433	333	3	department	department	PROPN
ftr-433	333	4	report	report	NOUN
ftr-433	333	5	,	,	PUNCT
ftr-433	333	6	supra	supra	PROPN
ftr-433	333	7	note	note	PROPN
ftr-433	333	8	14	14	NUM
ftr-433	333	9	,	,	PUNCT
ftr-433	333	10	at	at	ADP
ftr-433	333	11	27	27	NUM
ftr-433	333	12	,	,	PUNCT
ftr-433	333	13	32	32	NUM
ftr-433	333	14	.	.	PUNCT
ftr-433	334	1	the	the	DET
ftr-433	334	2	statement	statement	NOUN
ftr-433	334	3	in	in	ADP
ftr-433	334	4	the	the	DET
ftr-433	334	5	text	text	NOUN
ftr-433	334	6	is	be	AUX
ftr-433	334	7	particularly	particularly	ADV
ftr-433	334	8	true	true	ADJ
ftr-433	334	9	for	for	ADP
ftr-433	334	10	short	short	ADV
ftr-433	334	11	-	-	PUNCT
ftr-433	334	12	lived	live	VERB
ftr-433	334	13	assets	asset	NOUN
ftr-433	334	14	but	but	CCONJ
ftr-433	334	15	is	be	AUX
ftr-433	334	16	dependent	dependent	ADJ
ftr-433	334	17	upon	upon	SCONJ
ftr-433	334	18	asset	asset	NOUN
ftr-433	334	19	types	type	NOUN
ftr-433	334	20	and	and	CCONJ
ftr-433	334	21	inflation	inflation	NOUN
ftr-433	334	22	rates	rate	NOUN
ftr-433	334	23	.	.	PUNCT
ftr-433	335	1	39	39	NUM
ftr-433	335	2	.	.	PUNCT
ftr-433	336	1	e.g.	e.g.	ADV
ftr-433	336	2	,	,	PUNCT
ftr-433	336	3	kopits	kopit	NOUN
ftr-433	336	4	,	,	PUNCT
ftr-433	336	5	tax	tax	NOUN
ftr-433	336	6	provisions	provision	NOUN
ftr-433	336	7	to	to	PART
ftr-433	336	8	boost	boost	VERB
ftr-433	336	9	capital	capital	NOUN
ftr-433	336	10	formation	formation	NOUN
ftr-433	336	11	vary	vary	VERB
ftr-433	336	12	widely	widely	ADV
ftr-433	336	13	in	in	ADP
ftr-433	336	14	industrial	industrial	ADJ
ftr-433	336	15	nations	nation	NOUN
ftr-433	336	16	,	,	PUNCT
ftr-433	336	17	11	11	NUM
ftr-433	336	18	tax	tax	NOUN
ftr-433	336	19	notes	note	NOUN
ftr-433	336	20	955	955	NUM
ftr-433	336	21	(	(	PUNCT
ftr-433	336	22	february	february	PROPN
ftr-433	336	23	17	17	NUM
ftr-433	336	24	,	,	PUNCT
ftr-433	336	25	1980	1980	NUM
ftr-433	336	26	)	)	PUNCT
ftr-433	336	27	.	.	PUNCT
ftr-433	337	1	this	this	DET
ftr-433	337	2	study	study	NOUN
ftr-433	337	3	was	be	AUX
ftr-433	337	4	done	do	VERB
ftr-433	337	5	before	before	SCONJ
ftr-433	337	6	the	the	DET
ftr-433	337	7	combination	combination	NOUN
ftr-433	337	8	of	of	ADP
ftr-433	337	9	acrs	acr	NOUN
ftr-433	337	10	and	and	CCONJ
ftr-433	337	11	the	the	DET
ftr-433	337	12	investment	investment	NOUN
ftr-433	337	13	tax	tax	NOUN
ftr-433	337	14	credit	credit	NOUN
ftr-433	337	15	(	(	PUNCT
ftr-433	337	16	itc	itc	PROPN
ftr-433	337	17	)	)	PUNCT
ftr-433	337	18	was	be	AUX
ftr-433	337	19	enacted	enact	VERB
ftr-433	337	20	.	.	PUNCT
ftr-433	338	1	that	that	DET
ftr-433	338	2	combination	combination	NOUN
ftr-433	338	3	was	be	AUX
ftr-433	338	4	designed	design	VERB
ftr-433	338	5	to	to	PART
ftr-433	338	6	approximately	approximately	ADV
ftr-433	338	7	equal	equal	ADJ
ftr-433	338	8	expensing	expense	VERB
ftr-433	338	9	(	(	PUNCT
ftr-433	338	10	in	in	ADP
ftr-433	338	11	after	after	ADP
ftr-433	338	12	-	-	PUNCT
ftr-433	338	13	tax	tax	NOUN
ftr-433	338	14	present	present	ADJ
ftr-433	338	15	value	value	NOUN
ftr-433	338	16	terms	term	NOUN
ftr-433	338	17	)	)	PUNCT
ftr-433	338	18	.	.	PUNCT
ftr-433	339	1	see	see	VERB
ftr-433	339	2	infra	infra	NOUN
ftr-433	339	3	note	note	VERB
ftr-433	339	4	70	70	NUM
ftr-433	339	5	and	and	CCONJ
ftr-433	339	6	following	follow	VERB
ftr-433	339	7	text	text	NOUN
ftr-433	339	8	.	.	PUNCT
ftr-433	340	1	see	see	VERB
ftr-433	340	2	also	also	ADV
ftr-433	340	3	kopits	kopit	NOUN
ftr-433	340	4	,	,	PUNCT
ftr-433	340	5	industrial	industrial	ADJ
ftr-433	340	6	countries	country	NOUN
ftr-433	340	7	increase	increase	VERB
ftr-433	340	8	their	their	PRON
ftr-433	340	9	use	use	NOUN
ftr-433	340	10	of	of	ADP
ftr-433	340	11	tax	tax	NOUN
ftr-433	340	12	incentives	incentive	NOUN
ftr-433	340	13	to	to	PART
ftr-433	340	14	stimulate	stimulate	VERB
ftr-433	340	15	investment	investment	NOUN
ftr-433	340	16	,	,	PUNCT
ftr-433	340	17	12	12	NUM
ftr-433	340	18	tax	tax	NOUN
ftr-433	340	19	notes	note	NOUN
ftr-433	340	20	1083	1083	NUM
ftr-433	340	21	(	(	PUNCT
ftr-433	340	22	1981	1981	NUM
ftr-433	340	23	)	)	PUNCT
ftr-433	340	24	;	;	PUNCT
ftr-433	340	25	see	see	VERB
ftr-433	340	26	generally	generally	ADV
ftr-433	340	27	,	,	PUNCT
ftr-433	340	28	office	office	NOUN
ftr-433	340	29	of	of	ADP
ftr-433	340	30	federal	federal	ADJ
ftr-433	340	31	tax	tax	NOUN
ftr-433	340	32	services	service	NOUN
ftr-433	340	33	,	,	PUNCT
ftr-433	340	34	arthur	arthur	PROPN
ftr-433	340	35	andersen	andersen	PROPN
ftr-433	340	36	&	&	CCONJ
ftr-433	340	37	co.	co.	PROPN
ftr-433	340	38	,	,	PUNCT
ftr-433	340	39	comparison	comparison	NOUN
ftr-433	340	40	of	of	ADP
ftr-433	340	41	present	present	ADJ
ftr-433	340	42	value	value	NOUN
ftr-433	340	43	of	of	ADP
ftr-433	340	44	cost	cost	NOUN
ftr-433	340	45	recovery	recovery	NOUN
ftr-433	340	46	allowances	allowance	NOUN
ftr-433	340	47	permitted	permit	VERB
ftr-433	340	48	in	in	ADP
ftr-433	340	49	various	various	ADJ
ftr-433	340	50	countries	country	NOUN
ftr-433	340	51	,	,	PUNCT
ftr-433	340	52	27	27	NUM
ftr-433	340	53	tax	tax	NOUN
ftr-433	340	54	notes	note	NOUN
ftr-433	340	55	1507	1507	NUM
ftr-433	340	56	(	(	PUNCT
ftr-433	340	57	june	june	PROPN
ftr-433	340	58	24	24	NUM
ftr-433	340	59	,	,	PUNCT
ftr-433	340	60	1985	1985	NUM
ftr-433	340	61	)	)	PUNCT
ftr-433	340	62	.	.	PUNCT
ftr-433	341	1	the	the	DET
ftr-433	341	2	internal	internal	ADJ
ftr-433	341	3	rate	rate	NOUN
ftr-433	341	4	of	of	ADP
ftr-433	341	5	return	return	NOUN
ftr-433	341	6	implicit	implicit	ADJ
ftr-433	341	7	in	in	ADP
ftr-433	341	8	the	the	DET
ftr-433	341	9	pre	pre	NOUN
ftr-433	341	10	-	-	NOUN
ftr-433	341	11	tax	tax	NOUN
ftr-433	341	12	and	and	CCONJ
ftr-433	341	13	after	after	ADP
ftr-433	341	14	-	-	PUNCT
ftr-433	341	15	tax	tax	NOUN
ftr-433	341	16	cash	cash	NOUN
ftr-433	341	17	flow	flow	NOUN
ftr-433	341	18	columns	column	NOUN
ftr-433	341	19	,	,	PUNCT
ftr-433	341	20	respectively	respectively	ADV
ftr-433	341	21	.	.	PUNCT
ftr-433	342	1	the	the	DET
ftr-433	342	2	fourth	fourth	ADJ
ftr-433	342	3	item	item	NOUN
ftr-433	342	4	is	be	AUX
ftr-433	342	5	the	the	DET
ftr-433	342	6	irr	irr	NOUN
ftr-433	342	7	effective	effective	ADJ
ftr-433	342	8	tax	tax	NOUN
ftr-433	342	9	rate	rate	NOUN
ftr-433	342	10	.	.	PUNCT
ftr-433	343	1	table	table	NOUN
ftr-433	343	2	135	135	NUM
ftr-433	343	3	36	36	NUM
ftr-433	343	4	illustrates	illustrate	VERB
ftr-433	343	5	samuelsen	samuelsen	VERB
ftr-433	343	6	economic	economic	ADJ
ftr-433	343	7	depreciation	depreciation	NOUN
ftr-433	343	8	because	because	SCONJ
ftr-433	343	9	the	the	DET
ftr-433	343	10	irr	irr	NOUN
ftr-433	343	11	of	of	ADP
ftr-433	343	12	the	the	DET
ftr-433	343	13	atcf	atcf	NOUN
ftr-433	343	14	(	(	PUNCT
ftr-433	343	15	5	5	NUM
ftr-433	343	16	%	%	NOUN
ftr-433	343	17	)	)	PUNCT
ftr-433	343	18	is	be	AUX
ftr-433	343	19	exactly	exactly	ADV
ftr-433	343	20	50	50	NUM
ftr-433	343	21	%	%	NOUN
ftr-433	343	22	of	of	ADP
ftr-433	343	23	the	the	DET
ftr-433	343	24	irr	irr	NOUN
ftr-433	343	25	of	of	ADP
ftr-433	343	26	the	the	DET
ftr-433	343	27	ptcf	ptcf	NOUN
ftr-433	343	28	(	(	PUNCT
ftr-433	343	29	10	10	NUM
ftr-433	343	30	%	%	NOUN
ftr-433	343	31	)	)	PUNCT
ftr-433	343	32	which	which	PRON
ftr-433	343	33	demonstrates	demonstrate	VERB
ftr-433	343	34	that	that	SCONJ
ftr-433	343	35	the	the	DET
ftr-433	343	36	irr	irr	NOUN
ftr-433	343	37	effective	effective	ADJ
ftr-433	343	38	tax	tax	NOUN
ftr-433	343	39	rate	rate	NOUN
ftr-433	343	40	or	or	CCONJ
ftr-433	343	41	irr	irr	PROPN
ftr-433	343	42	etr	etr	PROPN
ftr-433	343	43	is	be	AUX
ftr-433	343	44	exactly	exactly	ADV
ftr-433	343	45	50	50	NUM
ftr-433	343	46	%	%	NOUN
ftr-433	343	47	.	.	PUNCT
ftr-433	344	1	samuelsen	samuelsen	VERB
ftr-433	344	2	economic	economic	ADJ
ftr-433	344	3	depreciation	depreciation	NOUN
ftr-433	344	4	only	only	ADV
ftr-433	344	5	exists	exist	VERB
ftr-433	344	6	when	when	SCONJ
ftr-433	344	7	the	the	DET
ftr-433	344	8	irr	irr	PROPN
ftr-433	344	9	etr	etr	PROPN
ftr-433	344	10	matches	match	VERB
ftr-433	344	11	the	the	DET
ftr-433	344	12	nominal	nominal	ADJ
ftr-433	344	13	tax	tax	NOUN
ftr-433	344	14	rate.37	rate.37	PROPN
ftr-433	344	15	b.	b.	PROPN
ftr-433	344	16	accelerated	accelerate	VERB
ftr-433	344	17	cost	cost	NOUN
ftr-433	344	18	recovery	recovery	NOUN
ftr-433	344	19	modern	modern	ADJ
ftr-433	344	20	statutory	statutory	ADJ
ftr-433	344	21	cost	cost	NOUN
ftr-433	344	22	recovery	recovery	NOUN
ftr-433	344	23	schedules	schedule	NOUN
ftr-433	344	24	seldom	seldom	ADV
ftr-433	344	25	reflect	reflect	VERB
ftr-433	344	26	the	the	DET
ftr-433	344	27	true	true	ADJ
ftr-433	344	28	ongoing	ongoing	ADJ
ftr-433	344	29	diminution	diminution	NOUN
ftr-433	344	30	in	in	ADP
ftr-433	344	31	economic	economic	ADJ
ftr-433	344	32	value	value	NOUN
ftr-433	344	33	of	of	ADP
ftr-433	344	34	the	the	DET
ftr-433	344	35	assets	asset	NOUN
ftr-433	344	36	whose	whose	DET
ftr-433	344	37	cost	cost	NOUN
ftr-433	344	38	is	be	AUX
ftr-433	344	39	being	be	AUX
ftr-433	344	40	recovered	recover	VERB
ftr-433	344	41	.	.	PUNCT
ftr-433	345	1	instead	instead	ADV
ftr-433	345	2	they	they	PRON
ftr-433	345	3	tend	tend	VERB
ftr-433	345	4	to	to	PART
ftr-433	345	5	allow	allow	VERB
ftr-433	345	6	cost	cost	NOUN
ftr-433	345	7	recovery	recovery	NOUN
ftr-433	345	8	much	much	ADJ
ftr-433	345	9	“	"	PUNCT
ftr-433	345	10	faster	fast	ADJ
ftr-433	345	11	”	"	PUNCT
ftr-433	345	12	than	than	SCONJ
ftr-433	345	13	the	the	DET
ftr-433	345	14	economic	economic	ADJ
ftr-433	345	15	exhaustion	exhaustion	NOUN
ftr-433	345	16	of	of	ADP
ftr-433	345	17	those	those	DET
ftr-433	345	18	assets	asset	NOUN
ftr-433	345	19	actually	actually	ADV
ftr-433	345	20	occurs	occur	VERB
ftr-433	345	21	.	.	PUNCT
ftr-433	346	1	thus	thus	ADV
ftr-433	346	2	,	,	PUNCT
ftr-433	346	3	like	like	ADP
ftr-433	346	4	the	the	DET
ftr-433	346	5	capital38	capital38	ADJ
ftr-433	346	6	recovery	recovery	NOUN
ftr-433	346	7	allowances	allowance	NOUN
ftr-433	346	8	available	available	ADJ
ftr-433	346	9	to	to	ADP
ftr-433	346	10	taxpayers	taxpayer	NOUN
ftr-433	346	11	in	in	ADP
ftr-433	346	12	many	many	ADJ
ftr-433	346	13	other	other	ADJ
ftr-433	346	14	countries	country	NOUN
ftr-433	346	15	,	,	PUNCT
ftr-433	346	16	the	the	DET
ftr-433	346	17	present	present	ADJ
ftr-433	346	18	value	value	NOUN
ftr-433	346	19	of	of	ADP
ftr-433	346	20	the	the	DET
ftr-433	346	21	series	series	NOUN
ftr-433	346	22	of	of	ADP
ftr-433	346	23	recovery	recovery	NOUN
ftr-433	346	24	deductions	deduction	NOUN
ftr-433	346	25	available	available	ADJ
ftr-433	346	26	to	to	ADP
ftr-433	346	27	u.s	u.s	PROPN
ftr-433	346	28	.	.	PROPN
ftr-433	346	29	income	income	NOUN
ftr-433	346	30	taxpayers	taxpayer	NOUN
ftr-433	346	31	with	with	ADP
ftr-433	346	32	respect	respect	NOUN
ftr-433	346	33	to	to	ADP
ftr-433	346	34	many	many	ADJ
ftr-433	346	35	assets	asset	NOUN
ftr-433	346	36	exceeds	exceed	VERB
ftr-433	346	37	the	the	DET
ftr-433	346	38	present	present	ADJ
ftr-433	346	39	value	value	NOUN
ftr-433	346	40	of	of	ADP
ftr-433	346	41	economic	economic	ADJ
ftr-433	346	42	depreciation	depreciation	NOUN
ftr-433	346	43	as	as	SCONJ
ftr-433	346	44	defined	define	VERB
ftr-433	346	45	earlier	early	ADV
ftr-433	346	46	.	.	PUNCT
ftr-433	347	1	the	the	DET
ftr-433	347	2	financial	financial	ADJ
ftr-433	347	3	value	value	NOUN
ftr-433	347	4	produced	produce	VERB
ftr-433	347	5	by	by	ADP
ftr-433	347	6	such	such	ADJ
ftr-433	347	7	accelerated	accelerated	ADJ
ftr-433	347	8	cost39	cost39	NOUN
ftr-433	347	9	2002	2002	NUM
ftr-433	347	10	]	]	PUNCT
ftr-433	347	11	normative	normative	ADJ
ftr-433	347	12	capital	capital	NOUN
ftr-433	347	13	cost	cost	NOUN
ftr-433	347	14	recovery	recovery	NOUN
ftr-433	347	15	481	481	NUM
ftr-433	347	16	40	40	NUM
ftr-433	347	17	.	.	PUNCT
ftr-433	348	1	the	the	DET
ftr-433	348	2	recovery	recovery	NOUN
ftr-433	348	3	deduction	deduction	NOUN
ftr-433	348	4	stream	stream	NOUN
ftr-433	348	5	is	be	AUX
ftr-433	348	6	based	base	VERB
ftr-433	348	7	on	on	ADP
ftr-433	348	8	that	that	PRON
ftr-433	348	9	prescribed	prescribe	VERB
ftr-433	348	10	for	for	ADP
ftr-433	348	11	3	3	NUM
ftr-433	348	12	-	-	PUNCT
ftr-433	348	13	year	year	NOUN
ftr-433	348	14	recovery	recovery	NOUN
ftr-433	348	15	property	property	NOUN
ftr-433	348	16	by	by	ADP
ftr-433	348	17	irc	irc	PROPN
ftr-433	348	18	§	§	PROPN
ftr-433	348	19	168(b	168(b	PROPN
ftr-433	348	20	)	)	PUNCT
ftr-433	348	21	(	(	PUNCT
ftr-433	348	22	1981	1981	NUM
ftr-433	348	23	)	)	PUNCT
ftr-433	348	24	.	.	PUNCT
ftr-433	349	1	241	241	X
ftr-433	349	2	.	.	PUNCT
ftr-433	350	1	the	the	DET
ftr-433	350	2	pv	pv	NOUN
ftr-433	350	3	of	of	ADP
ftr-433	350	4	the	the	DET
ftr-433	350	5	taxable	taxable	ADJ
ftr-433	350	6	income	income	NOUN
ftr-433	350	7	decreases	decrease	VERB
ftr-433	350	8	from	from	ADP
ftr-433	350	9	$	$	SYM
ftr-433	350	10	23.73	23.73	NUM
ftr-433	350	11	in	in	ADP
ftr-433	350	12	table	table	NOUN
ftr-433	350	13	1	1	NUM
ftr-433	350	14	to	to	ADP
ftr-433	350	15	$	$	SYM
ftr-433	350	16	21.64	21.64	NUM
ftr-433	350	17	in	in	ADP
ftr-433	350	18	table	table	NOUN
ftr-433	350	19	2	2	NUM
ftr-433	350	20	,	,	PUNCT
ftr-433	350	21	a	a	DET
ftr-433	350	22	difference	difference	NOUN
ftr-433	350	23	of	of	ADP
ftr-433	350	24	$	$	SYM
ftr-433	350	25	2.09	2.09	NUM
ftr-433	350	26	.	.	PUNCT
ftr-433	351	1	42	42	NUM
ftr-433	351	2	.	.	PUNCT
ftr-433	352	1	the	the	DET
ftr-433	352	2	investment	investment	NOUN
ftr-433	352	3	in	in	ADP
ftr-433	352	4	table	table	NOUN
ftr-433	352	5	1	1	NUM
ftr-433	352	6	,	,	PUNCT
ftr-433	352	7	which	which	PRON
ftr-433	352	8	is	be	AUX
ftr-433	352	9	economically	economically	ADV
ftr-433	352	10	depreciated	depreciate	VERB
ftr-433	352	11	,	,	PUNCT
ftr-433	352	12	is	be	AUX
ftr-433	352	13	worth	worth	ADJ
ftr-433	352	14	1$100	1$100	NUM
ftr-433	352	15	financially	financially	ADV
ftr-433	352	16	both	both	CCONJ
ftr-433	352	17	before	before	ADP
ftr-433	352	18	tax	tax	NOUN
ftr-433	352	19	(	(	PUNCT
ftr-433	352	20	as	as	SCONJ
ftr-433	352	21	measured	measure	VERB
ftr-433	352	22	by	by	ADP
ftr-433	352	23	the	the	DET
ftr-433	352	24	$	$	SYM
ftr-433	352	25	100	100	NUM
ftr-433	352	26	pv	pv	NOUN
ftr-433	352	27	of	of	ADP
ftr-433	352	28	the	the	DET
ftr-433	352	29	ptcf	ptcf	NOUN
ftr-433	352	30	)	)	PUNCT
ftr-433	352	31	and	and	CCONJ
ftr-433	352	32	after	after	ADP
ftr-433	352	33	2tax	2tax	PROPN
ftr-433	352	34	(	(	PUNCT
ftr-433	352	35	as	as	SCONJ
ftr-433	352	36	measured	measure	VERB
ftr-433	352	37	by	by	ADP
ftr-433	352	38	the	the	DET
ftr-433	352	39	$	$	SYM
ftr-433	352	40	100	100	NUM
ftr-433	352	41	pv	pv	NOUN
ftr-433	352	42	of	of	ADP
ftr-433	352	43	the	the	DET
ftr-433	352	44	atcf	atcf	NOUN
ftr-433	352	45	)	)	PUNCT
ftr-433	352	46	.	.	PUNCT
ftr-433	353	1	this	this	PRON
ftr-433	353	2	is	be	AUX
ftr-433	353	3	appropriate	appropriate	ADJ
ftr-433	353	4	not	not	PART
ftr-433	353	5	because	because	SCONJ
ftr-433	353	6	the	the	DET
ftr-433	353	7	after	after	ADP
ftr-433	353	8	-	-	PUNCT
ftr-433	353	9	tax	tax	NOUN
ftr-433	353	10	discount	discount	NOUN
ftr-433	353	11	rate	rate	NOUN
ftr-433	353	12	is	be	AUX
ftr-433	353	13	exactly	exactly	ADV
ftr-433	353	14	50	50	NUM
ftr-433	353	15	%	%	NOUN
ftr-433	353	16	of	of	ADP
ftr-433	353	17	the	the	DET
ftr-433	353	18	pre	pre	ADJ
ftr-433	353	19	-	-	ADJ
ftr-433	353	20	tax	tax	ADJ
ftr-433	353	21	discount	discount	NOUN
ftr-433	353	22	rate	rate	NOUN
ftr-433	353	23	(	(	PUNCT
ftr-433	353	24	which	which	PRON
ftr-433	353	25	it	it	PRON
ftr-433	353	26	also	also	ADV
ftr-433	353	27	is	be	AUX
ftr-433	353	28	in	in	ADP
ftr-433	353	29	table	table	NOUN
ftr-433	353	30	2	2	NUM
ftr-433	353	31	)	)	PUNCT
ftr-433	353	32	,	,	PUNCT
ftr-433	353	33	but	but	CCONJ
ftr-433	354	1	because	because	SCONJ
ftr-433	354	2	only	only	ADV
ftr-433	354	3	the	the	DET
ftr-433	354	4	economic	economic	ADJ
ftr-433	354	5	cost	cost	NOUN
ftr-433	354	6	recovery	recovery	NOUN
ftr-433	354	7	method	method	NOUN
ftr-433	354	8	in	in	ADP
ftr-433	354	9	table	table	NOUN
ftr-433	354	10	1	1	NUM
ftr-433	354	11	produces	produce	VERB
ftr-433	354	12	an	an	DET
ftr-433	354	13	effective	effective	ADJ
ftr-433	354	14	(	(	PUNCT
ftr-433	354	15	or	or	CCONJ
ftr-433	354	16	financial	financial	ADJ
ftr-433	354	17	)	)	PUNCT
ftr-433	354	18	tax	tax	NOUN
ftr-433	354	19	rate	rate	NOUN
ftr-433	354	20	that	that	PRON
ftr-433	354	21	exactly	exactly	ADV
ftr-433	354	22	equals	equal	VERB
ftr-433	354	23	the	the	DET
ftr-433	354	24	nominal	nominal	ADJ
ftr-433	354	25	tax	tax	NOUN
ftr-433	354	26	rate	rate	NOUN
ftr-433	354	27	.	.	PUNCT
ftr-433	355	1	recovery	recovery	NOUN
ftr-433	355	2	methods	method	NOUN
ftr-433	355	3	after	after	SCONJ
ftr-433	355	4	tax	tax	NOUN
ftr-433	355	5	can	can	AUX
ftr-433	355	6	be	be	AUX
ftr-433	355	7	considerably	considerably	ADV
ftr-433	355	8	greater	great	ADJ
ftr-433	355	9	than	than	ADP
ftr-433	355	10	that	that	PRON
ftr-433	355	11	produced	produce	VERB
ftr-433	355	12	by	by	ADP
ftr-433	355	13	economic	economic	ADJ
ftr-433	355	14	cost	cost	NOUN
ftr-433	355	15	recovery	recovery	NOUN
ftr-433	355	16	.	.	PUNCT
ftr-433	356	1	for	for	ADP
ftr-433	356	2	example	example	NOUN
ftr-433	356	3	,	,	PUNCT
ftr-433	356	4	table	table	NOUN
ftr-433	356	5	2	2	NUM
ftr-433	356	6	below	below	ADP
ftr-433	356	7	portrays	portray	VERB
ftr-433	356	8	a	a	DET
ftr-433	356	9	$	$	SYM
ftr-433	356	10	100	100	NUM
ftr-433	356	11	investment	investment	NOUN
ftr-433	356	12	in	in	ADP
ftr-433	356	13	a	a	DET
ftr-433	356	14	depreciable	depreciable	ADJ
ftr-433	356	15	asset	asset	NOUN
ftr-433	356	16	with	with	ADP
ftr-433	356	17	a	a	DET
ftr-433	356	18	10	10	NUM
ftr-433	356	19	%	%	NOUN
ftr-433	356	20	yield	yield	NOUN
ftr-433	356	21	over	over	ADP
ftr-433	356	22	4	4	NUM
ftr-433	356	23	years	year	NOUN
ftr-433	356	24	that	that	PRON
ftr-433	356	25	is	be	AUX
ftr-433	356	26	identical	identical	ADJ
ftr-433	356	27	to	to	ADP
ftr-433	356	28	the	the	DET
ftr-433	356	29	investment	investment	NOUN
ftr-433	356	30	portrayed	portray	VERB
ftr-433	356	31	in	in	ADP
ftr-433	356	32	table	table	NOUN
ftr-433	356	33	1	1	NUM
ftr-433	356	34	other	other	ADJ
ftr-433	356	35	than	than	ADP
ftr-433	356	36	the	the	DET
ftr-433	356	37	fact	fact	NOUN
ftr-433	356	38	that	that	SCONJ
ftr-433	356	39	the	the	DET
ftr-433	356	40	acrs	acrs	NOUN
ftr-433	356	41	recovery	recovery	NOUN
ftr-433	356	42	method	method	NOUN
ftr-433	356	43	,	,	PUNCT
ftr-433	356	44	rather	rather	ADV
ftr-433	356	45	than	than	ADP
ftr-433	356	46	economic	economic	ADJ
ftr-433	356	47	depreciation	depreciation	NOUN
ftr-433	356	48	,	,	PUNCT
ftr-433	356	49	is	be	AUX
ftr-433	356	50	used	use	VERB
ftr-433	356	51	for	for	ADP
ftr-433	356	52	tax	tax	NOUN
ftr-433	356	53	accounting	accounting	NOUN
ftr-433	356	54	purposes.40	purposes.40	PROPN
ftr-433	356	55	table	table	NOUN
ftr-433	356	56	2	2	NUM
ftr-433	356	57	:	:	PUNCT
ftr-433	356	58	$	$	SYM
ftr-433	356	59	100	100	NUM
ftr-433	356	60	investment	investment	NOUN
ftr-433	356	61	subject	subject	NOUN
ftr-433	356	62	to	to	ADP
ftr-433	356	63	acrs	acr	NOUN
ftr-433	356	64	recovery	recovery	NOUN
ftr-433	356	65	year	year	NOUN
ftr-433	357	1	g.i	g.i	PROPN
ftr-433	357	2	.	.	PUNCT
ftr-433	358	1	rcvry	rcvry	PROPN
ftr-433	358	2	t.i	t.i	PROPN
ftr-433	358	3	.	.	PROPN
ftr-433	358	4	ptcf	ptcf	PROPN
ftr-433	358	5	tax	tax	PROPN
ftr-433	358	6	atcf	atcf	NOUN
ftr-433	358	7	1	1	NUM
ftr-433	358	8	31.55	31.55	NUM
ftr-433	358	9	25.00	25.00	NUM
ftr-433	358	10	6.55	6.55	NUM
ftr-433	358	11	31.55	31.55	NUM
ftr-433	358	12	3.27	3.27	NUM
ftr-433	358	13	28.27	28.27	NUM
ftr-433	358	14	2	2	NUM
ftr-433	358	15	31.55	31.55	NUM
ftr-433	358	16	38.00	38.00	NUM
ftr-433	358	17	-6.45	-6.45	NUM
ftr-433	358	18	31.55	31.55	NUM
ftr-433	358	19	-3.23	-3.23	NUM
ftr-433	358	20	34.77	34.77	NUM
ftr-433	358	21	3	3	NUM
ftr-433	358	22	31.55	31.55	NUM
ftr-433	358	23	37.00	37.00	NUM
ftr-433	358	24	-5.45	-5.45	NUM
ftr-433	358	25	31.55	31.55	NUM
ftr-433	358	26	-2.73	-2.73	NUM
ftr-433	358	27	34.27	34.27	NUM
ftr-433	358	28	4	4	NUM
ftr-433	358	29	31.55	31.55	NUM
ftr-433	358	30	0.00	0.00	NUM
ftr-433	358	31	31.55	31.55	NUM
ftr-433	358	32	31.55	31.55	NUM
ftr-433	358	33	15.77	15.77	NUM
ftr-433	358	34	15.77	15.77	NUM
ftr-433	358	35	tot	tot	NOUN
ftr-433	358	36	126.20	126.20	NUM
ftr-433	358	37	100.00	100.00	NUM
ftr-433	358	38	26.20	26.20	NUM
ftr-433	358	39	126.20	126.20	NUM
ftr-433	358	40	13.10	13.10	NUM
ftr-433	358	41	113.10	113.10	NUM
ftr-433	358	42	1pv	1pv	NOUN
ftr-433	358	43	100.00	100.00	NUM
ftr-433	358	44	81.93	81.93	NUM
ftr-433	358	45	18.07	18.07	NUM
ftr-433	358	46	100.00	100.00	NUM
ftr-433	358	47	9.03	9.03	NUM
ftr-433	358	48	90.97	90.97	NUM
ftr-433	358	49	2pv	2pv	NOUN
ftr-433	358	50	111.87	111.87	NUM
ftr-433	358	51	90.24	90.24	NUM
ftr-433	358	52	21.64	21.64	NUM
ftr-433	358	53	111.87	111.87	NUM
ftr-433	358	54	10.80	10.80	NUM
ftr-433	358	55	101.04	101.04	NUM
ftr-433	358	56	irr	irr	NOUN
ftr-433	358	57	10.00	10.00	NUM
ftr-433	358	58	%	%	NOUN
ftr-433	358	59	5.48	5.48	NUM
ftr-433	358	60	%	%	NOUN
ftr-433	358	61	2because	2because	NUM
ftr-433	358	62	the	the	DET
ftr-433	358	63	after	after	ADP
ftr-433	358	64	-	-	PUNCT
ftr-433	358	65	tax	tax	NOUN
ftr-433	358	66	present	present	ADJ
ftr-433	358	67	value	value	NOUN
ftr-433	358	68	(	(	PUNCT
ftr-433	358	69	pv	pv	NOUN
ftr-433	358	70	)	)	PUNCT
ftr-433	358	71	of	of	ADP
ftr-433	358	72	the	the	DET
ftr-433	358	73	recovery	recovery	NOUN
ftr-433	358	74	deduction	deduction	NOUN
ftr-433	358	75	stream	stream	NOUN
ftr-433	358	76	(	(	PUNCT
ftr-433	358	77	$	$	SYM
ftr-433	358	78	90.24	90.24	NUM
ftr-433	358	79	)	)	PUNCT
ftr-433	358	80	exceeds	exceed	VERB
ftr-433	358	81	the	the	DET
ftr-433	358	82	comparable	comparable	ADJ
ftr-433	358	83	present	present	ADJ
ftr-433	358	84	value	value	NOUN
ftr-433	358	85	of	of	ADP
ftr-433	358	86	the	the	DET
ftr-433	358	87	economic	economic	ADJ
ftr-433	358	88	cost	cost	NOUN
ftr-433	358	89	2recovery	2recovery	NUM
ftr-433	358	90	deduction	deduction	NOUN
ftr-433	358	91	stream	stream	NOUN
ftr-433	358	92	in	in	ADP
ftr-433	358	93	table	table	NOUN
ftr-433	358	94	1	1	NUM
ftr-433	358	95	(	(	PUNCT
ftr-433	358	96	$	$	SYM
ftr-433	358	97	88.14	88.14	NUM
ftr-433	358	98	)	)	PUNCT
ftr-433	358	99	by	by	ADP
ftr-433	358	100	$	$	SYM
ftr-433	358	101	2.10	2.10	NUM
ftr-433	358	102	,	,	PUNCT
ftr-433	358	103	the	the	DET
ftr-433	358	104	pv	pv	NOUN
ftr-433	358	105	of	of	ADP
ftr-433	358	106	the	the	DET
ftr-433	358	107	taxable	taxable	ADJ
ftr-433	358	108	income	income	NOUN
ftr-433	358	109	is	be	AUX
ftr-433	358	110	reduced	reduce	VERB
ftr-433	358	111	by	by	ADP
ftr-433	358	112	approximately	approximately	ADV
ftr-433	358	113	the	the	DET
ftr-433	358	114	same	same	ADJ
ftr-433	358	115	amount	amount	NOUN
ftr-433	358	116	.	.	PUNCT
ftr-433	359	1	conversely	conversely	ADV
ftr-433	359	2	,	,	PUNCT
ftr-433	359	3	because41	because41	ADJ
ftr-433	359	4	2the	2the	DET
ftr-433	359	5	taxable	taxable	ADJ
ftr-433	359	6	income	income	NOUN
ftr-433	359	7	in	in	ADP
ftr-433	359	8	table	table	NOUN
ftr-433	359	9	2	2	NUM
ftr-433	359	10	has	have	VERB
ftr-433	359	11	a	a	DET
ftr-433	359	12	$	$	SYM
ftr-433	359	13	2.09	2.09	NUM
ftr-433	359	14	lower	low	ADJ
ftr-433	359	15	pv	pv	NOUN
ftr-433	359	16	than	than	ADP
ftr-433	359	17	the	the	DET
ftr-433	359	18	t.i	t.i	PROPN
ftr-433	359	19	.	.	PROPN
ftr-433	359	20	in	in	ADP
ftr-433	359	21	table	table	NOUN
ftr-433	359	22	1	1	NUM
ftr-433	359	23	,	,	PUNCT
ftr-433	359	24	the	the	DET
ftr-433	359	25	2after	2after	NUM
ftr-433	359	26	-	-	PUNCT
ftr-433	359	27	tax	tax	NOUN
ftr-433	359	28	cash	cash	NOUN
ftr-433	359	29	flow	flow	NOUN
ftr-433	359	30	has	have	VERB
ftr-433	359	31	a	a	DET
ftr-433	359	32	$	$	SYM
ftr-433	359	33	1.04	1.04	NUM
ftr-433	359	34	higher	high	ADJ
ftr-433	359	35	pv	pv	NOUN
ftr-433	359	36	.	.	PUNCT
ftr-433	360	1	this	this	DET
ftr-433	360	2	relationship	relationship	NOUN
ftr-433	360	3	is	be	AUX
ftr-433	360	4	appropriate	appropriate	ADJ
ftr-433	360	5	2since	2since	NUM
ftr-433	360	6	the	the	DET
ftr-433	360	7	tax	tax	NOUN
ftr-433	360	8	rate	rate	NOUN
ftr-433	360	9	is	be	AUX
ftr-433	360	10	50	50	NUM
ftr-433	360	11	%	%	NOUN
ftr-433	360	12	.	.	PUNCT
ftr-433	361	1	more	more	ADV
ftr-433	361	2	importantly	importantly	ADV
ftr-433	361	3	,	,	PUNCT
ftr-433	361	4	the	the	DET
ftr-433	361	5	pv	pv	NOUN
ftr-433	361	6	of	of	ADP
ftr-433	361	7	the	the	DET
ftr-433	361	8	atcf	atcf	NOUN
ftr-433	361	9	in	in	ADP
ftr-433	361	10	table	table	NOUN
ftr-433	361	11	2	2	NUM
ftr-433	361	12	1($101.04	1($101.04	NUM
ftr-433	361	13	)	)	PUNCT
ftr-433	361	14	exceeds	exceed	VERB
ftr-433	361	15	the	the	DET
ftr-433	361	16	pv	pv	NOUN
ftr-433	361	17	of	of	ADP
ftr-433	361	18	the	the	DET
ftr-433	361	19	ptcf	ptcf	NOUN
ftr-433	361	20	(	(	PUNCT
ftr-433	361	21	$	$	SYM
ftr-433	361	22	100.00	100.00	NUM
ftr-433	361	23	)	)	PUNCT
ftr-433	361	24	by	by	ADP
ftr-433	361	25	$	$	SYM
ftr-433	361	26	1.04	1.04	NUM
ftr-433	361	27	.	.	PUNCT
ftr-433	362	1	this	this	PRON
ftr-433	362	2	shows	show	VERB
ftr-433	362	3	that	that	SCONJ
ftr-433	362	4	a	a	DET
ftr-433	362	5	break	break	VERB
ftr-433	362	6	-	-	PUNCT
ftr-433	362	7	even	even	ADV
ftr-433	362	8	investment	investment	NOUN
ftr-433	362	9	in	in	ADP
ftr-433	362	10	an	an	DET
ftr-433	362	11	asset	asset	NOUN
ftr-433	362	12	subject	subject	NOUN
ftr-433	362	13	to	to	ADP
ftr-433	362	14	acrs	acr	NOUN
ftr-433	362	15	recovery	recovery	NOUN
ftr-433	362	16	is	be	AUX
ftr-433	362	17	more	more	ADV
ftr-433	362	18	valuable	valuable	ADJ
ftr-433	362	19	financially	financially	ADV
ftr-433	362	20	after	after	ADP
ftr-433	362	21	tax	tax	NOUN
ftr-433	362	22	than	than	SCONJ
ftr-433	362	23	it	it	PRON
ftr-433	362	24	is	be	AUX
ftr-433	362	25	before	before	ADP
ftr-433	362	26	tax	tax	NOUN
ftr-433	362	27	,	,	PUNCT
ftr-433	362	28	whereas	whereas	SCONJ
ftr-433	362	29	an	an	DET
ftr-433	362	30	economically	economically	ADV
ftr-433	362	31	depreciated	depreciate	VERB
ftr-433	362	32	asset	asset	NOUN
ftr-433	362	33	break	break	NOUN
ftr-433	362	34	-	-	PUNCT
ftr-433	362	35	even	even	ADV
ftr-433	362	36	investment	investment	NOUN
ftr-433	362	37	is	be	AUX
ftr-433	362	38	worth	worth	ADJ
ftr-433	362	39	the	the	DET
ftr-433	362	40	same	same	ADJ
ftr-433	362	41	amount	amount	NOUN
ftr-433	362	42	financially	financially	ADV
ftr-433	362	43	before	before	ADP
ftr-433	362	44	and	and	CCONJ
ftr-433	362	45	after	after	SCONJ
ftr-433	362	46	tax.42	tax.42	NOUN
ftr-433	362	47	to	to	PART
ftr-433	362	48	further	far	ADV
ftr-433	362	49	illustrate	illustrate	VERB
ftr-433	362	50	this	this	DET
ftr-433	362	51	point	point	NOUN
ftr-433	362	52	table	table	NOUN
ftr-433	362	53	3	3	NUM
ftr-433	362	54	below	below	ADV
ftr-433	362	55	shows	show	VERB
ftr-433	362	56	a	a	DET
ftr-433	362	57	$	$	SYM
ftr-433	362	58	100	100	NUM
ftr-433	362	59	investment	investment	NOUN
ftr-433	362	60	in	in	ADP
ftr-433	362	61	an	an	DET
ftr-433	362	62	asset	asset	NOUN
ftr-433	362	63	producing	produce	VERB
ftr-433	362	64	a	a	DET
ftr-433	362	65	10	10	NUM
ftr-433	362	66	%	%	NOUN
ftr-433	362	67	yield	yield	NOUN
ftr-433	362	68	over	over	ADP
ftr-433	362	69	four	four	NUM
ftr-433	362	70	years	year	NOUN
ftr-433	362	71	which	which	PRON
ftr-433	362	72	is	be	AUX
ftr-433	362	73	subject	subject	ADJ
ftr-433	362	74	to	to	ADP
ftr-433	362	75	the	the	DET
ftr-433	362	76	482	482	NUM
ftr-433	362	77	florida	florida	PROPN
ftr-433	362	78	tax	tax	PROPN
ftr-433	362	79	review	review	NOUN
ftr-433	362	80	[	[	X
ftr-433	362	81	vol	vol	NOUN
ftr-433	362	82	.	.	PUNCT
ftr-433	362	83	5:7	5:7	NUM
ftr-433	362	84	43	43	NUM
ftr-433	362	85	.	.	PUNCT
ftr-433	363	1	the	the	DET
ftr-433	363	2	recovery	recovery	NOUN
ftr-433	363	3	deduction	deduction	NOUN
ftr-433	363	4	stream	stream	NOUN
ftr-433	363	5	in	in	ADP
ftr-433	363	6	table	table	NOUN
ftr-433	363	7	3	3	NUM
ftr-433	363	8	is	be	AUX
ftr-433	363	9	based	base	VERB
ftr-433	363	10	on	on	ADP
ftr-433	363	11	the	the	DET
ftr-433	363	12	macrs	macrs	NOUN
ftr-433	363	13	system	system	NOUN
ftr-433	363	14	as	as	SCONJ
ftr-433	363	15	enacted	enact	VERB
ftr-433	363	16	in	in	ADP
ftr-433	363	17	the	the	DET
ftr-433	363	18	tax	tax	NOUN
ftr-433	363	19	reform	reform	NOUN
ftr-433	363	20	act	act	NOUN
ftr-433	363	21	of	of	ADP
ftr-433	363	22	1986	1986	NUM
ftr-433	363	23	,	,	PUNCT
ftr-433	363	24	pub	pub	NOUN
ftr-433	363	25	.	.	PUNCT
ftr-433	364	1	l.	l.	PROPN
ftr-433	364	2	99	99	NUM
ftr-433	364	3	-	-	SYM
ftr-433	364	4	514	514	NUM
ftr-433	364	5	,	,	PUNCT
ftr-433	364	6	§	§	PROPN
ftr-433	364	7	201(a	201(a	NUM
ftr-433	364	8	)	)	PUNCT
ftr-433	364	9	,	,	PUNCT
ftr-433	364	10	100	100	NUM
ftr-433	364	11	stat	stat	NOUN
ftr-433	364	12	.	.	PUNCT
ftr-433	365	1	2085	2085	NUM
ftr-433	365	2	,	,	PUNCT
ftr-433	365	3	2122	2122	NUM
ftr-433	365	4	(	(	PUNCT
ftr-433	365	5	codified	codify	VERB
ftr-433	365	6	in	in	ADP
ftr-433	365	7	irc	irc	PROPN
ftr-433	365	8	§	§	PROPN
ftr-433	365	9	168(b	168(b	PROPN
ftr-433	365	10	)	)	PUNCT
ftr-433	365	11	.	.	PUNCT
ftr-433	366	1	44	44	NUM
ftr-433	366	2	.	.	PUNCT
ftr-433	367	1	$	$	SYM
ftr-433	367	2	20.91	20.91	NUM
ftr-433	367	3	compared	compare	VERB
ftr-433	367	4	to	to	ADP
ftr-433	367	5	$	$	SYM
ftr-433	367	6	23.73	23.73	NUM
ftr-433	367	7	for	for	ADP
ftr-433	367	8	a	a	DET
ftr-433	367	9	reduction	reduction	NOUN
ftr-433	367	10	of	of	ADP
ftr-433	367	11	$	$	SYM
ftr-433	367	12	2.82	2.82	NUM
ftr-433	367	13	.	.	PUNCT
ftr-433	368	1	see	see	VERB
ftr-433	368	2	supra	supra	PROPN
ftr-433	368	3	text	text	PROPN
ftr-433	368	4	,	,	PUNCT
ftr-433	368	5	part	part	NOUN
ftr-433	368	6	ii.a	ii.a	NOUN
ftr-433	368	7	.	.	PROPN
ftr-433	368	8	,	,	PUNCT
ftr-433	368	9	at	at	ADP
ftr-433	368	10	484	484	NUM
ftr-433	368	11	(	(	PUNCT
ftr-433	368	12	table	table	NOUN
ftr-433	368	13	1	1	NUM
ftr-433	368	14	)	)	PUNCT
ftr-433	368	15	.	.	PUNCT
ftr-433	369	1	45	45	NUM
ftr-433	369	2	.	.	PUNCT
ftr-433	370	1	typically	typically	ADV
ftr-433	370	2	,	,	PUNCT
ftr-433	370	3	alternative	alternative	ADJ
ftr-433	370	4	investment	investment	NOUN
ftr-433	370	5	decisions	decision	NOUN
ftr-433	370	6	are	be	AUX
ftr-433	370	7	evaluated	evaluate	VERB
ftr-433	370	8	by	by	ADP
ftr-433	370	9	comparing	compare	VERB
ftr-433	370	10	the	the	DET
ftr-433	370	11	net	net	ADJ
ftr-433	370	12	present	present	ADJ
ftr-433	370	13	values	value	NOUN
ftr-433	370	14	of	of	ADP
ftr-433	370	15	the	the	DET
ftr-433	370	16	after	after	ADP
ftr-433	370	17	tax	tax	NOUN
ftr-433	370	18	return	return	NOUN
ftr-433	370	19	from	from	ADP
ftr-433	370	20	alternative	alternative	ADJ
ftr-433	370	21	investments	investment	NOUN
ftr-433	370	22	.	.	PUNCT
ftr-433	371	1	the	the	DET
ftr-433	371	2	net	net	ADJ
ftr-433	371	3	present	present	ADJ
ftr-433	371	4	value	value	NOUN
ftr-433	371	5	in	in	ADP
ftr-433	371	6	each	each	DET
ftr-433	371	7	case	case	NOUN
ftr-433	371	8	represents	represent	VERB
ftr-433	371	9	the	the	DET
ftr-433	371	10	excess	excess	NOUN
ftr-433	371	11	of	of	ADP
ftr-433	371	12	the	the	DET
ftr-433	371	13	present	present	ADJ
ftr-433	371	14	value	value	NOUN
ftr-433	371	15	of	of	ADP
ftr-433	371	16	the	the	DET
ftr-433	371	17	return	return	NOUN
ftr-433	371	18	from	from	ADP
ftr-433	371	19	a	a	DET
ftr-433	371	20	proposed	propose	VERB
ftr-433	371	21	investment	investment	NOUN
ftr-433	371	22	over	over	ADP
ftr-433	371	23	the	the	DET
ftr-433	371	24	present	present	ADJ
ftr-433	371	25	value	value	NOUN
ftr-433	371	26	of	of	ADP
ftr-433	371	27	a	a	DET
ftr-433	371	28	minimum	minimum	ADJ
ftr-433	371	29	risk	risk	NOUN
ftr-433	371	30	non	non	ADJ
ftr-433	371	31	-	-	ADJ
ftr-433	371	32	investment	investment	ADJ
ftr-433	371	33	savings	saving	NOUN
ftr-433	371	34	alternative	alternative	NOUN
ftr-433	371	35	,	,	PUNCT
ftr-433	371	36	such	such	ADJ
ftr-433	371	37	as	as	ADP
ftr-433	371	38	government	government	NOUN
ftr-433	371	39	bonds	bond	NOUN
ftr-433	371	40	or	or	CCONJ
ftr-433	371	41	certificates	certificate	NOUN
ftr-433	371	42	of	of	ADP
ftr-433	371	43	deposit	deposit	NOUN
ftr-433	371	44	or	or	CCONJ
ftr-433	371	45	other	other	ADJ
ftr-433	371	46	instruments	instrument	NOUN
ftr-433	371	47	of	of	ADP
ftr-433	371	48	similar	similar	ADJ
ftr-433	371	49	duration	duration	NOUN
ftr-433	371	50	to	to	ADP
ftr-433	371	51	the	the	DET
ftr-433	371	52	proposed	propose	VERB
ftr-433	371	53	investment	investment	NOUN
ftr-433	371	54	.	.	PUNCT
ftr-433	372	1	e.g.	e.g.	ADV
ftr-433	372	2	,	,	PUNCT
ftr-433	372	3	brealey	brealey	PROPN
ftr-433	372	4	&	&	CCONJ
ftr-433	372	5	myers	myers	PROPN
ftr-433	372	6	,	,	PUNCT
ftr-433	372	7	supra	supra	PROPN
ftr-433	372	8	note	note	PROPN
ftr-433	372	9	33	33	NUM
ftr-433	372	10	,	,	PUNCT
ftr-433	372	11	at	at	ADP
ftr-433	372	12	12	12	NUM
ftr-433	372	13	.	.	PUNCT
ftr-433	373	1	modified	modify	VERB
ftr-433	373	2	accelerated	accelerate	VERB
ftr-433	373	3	cost	cost	NOUN
ftr-433	373	4	recovery	recovery	NOUN
ftr-433	373	5	system	system	NOUN
ftr-433	373	6	(	(	PUNCT
ftr-433	373	7	macrs	macrs	PROPN
ftr-433	373	8	)	)	PUNCT
ftr-433	373	9	an	an	DET
ftr-433	373	10	even	even	ADV
ftr-433	373	11	more	more	ADV
ftr-433	373	12	accelerated	accelerated	ADJ
ftr-433	373	13	cost	cost	NOUN
ftr-433	373	14	recovery	recovery	NOUN
ftr-433	373	15	method	method	NOUN
ftr-433	373	16	than	than	SCONJ
ftr-433	373	17	acrs	acr	NOUN
ftr-433	373	18	under	under	ADP
ftr-433	373	19	these	these	DET
ftr-433	373	20	circumstances.43	circumstances.43	ADJ
ftr-433	373	21	table	table	NOUN
ftr-433	373	22	3	3	NUM
ftr-433	373	23	:	:	PUNCT
ftr-433	373	24	$	$	SYM
ftr-433	373	25	100	100	NUM
ftr-433	373	26	investment	investment	NOUN
ftr-433	373	27	subject	subject	NOUN
ftr-433	373	28	to	to	ADP
ftr-433	373	29	macrs	macrs	PROPN
ftr-433	373	30	recovery	recovery	PROPN
ftr-433	373	31	year	year	PROPN
ftr-433	374	1	g.i	g.i	PROPN
ftr-433	374	2	.	.	PUNCT
ftr-433	375	1	rcvry	rcvry	PROPN
ftr-433	375	2	t.i	t.i	PROPN
ftr-433	375	3	.	.	PROPN
ftr-433	375	4	ptcf	ptcf	PROPN
ftr-433	375	5	tax	tax	PROPN
ftr-433	375	6	atcf	atcf	NOUN
ftr-433	375	7	1	1	NUM
ftr-433	375	8	31.55	31.55	NUM
ftr-433	375	9	33.33	33.33	NUM
ftr-433	375	10	-1.78	-1.78	NUM
ftr-433	375	11	31.55	31.55	NUM
ftr-433	375	12	-.89	-.89	SYM
ftr-433	375	13	32.44	32.44	NUM
ftr-433	375	14	2	2	NUM
ftr-433	375	15	31.55	31.55	NUM
ftr-433	375	16	44.45	44.45	NUM
ftr-433	375	17	-12.90	-12.90	PROPN
ftr-433	375	18	31.55	31.55	NUM
ftr-433	375	19	-6.45	-6.45	NUM
ftr-433	375	20	38.00	38.00	NUM
ftr-433	375	21	3	3	NUM
ftr-433	375	22	31.55	31.55	NUM
ftr-433	375	23	14.81	14.81	NUM
ftr-433	375	24	16.74	16.74	NUM
ftr-433	375	25	31.55	31.55	NUM
ftr-433	375	26	8.37	8.37	NUM
ftr-433	375	27	23.18	23.18	NUM
ftr-433	375	28	4	4	NUM
ftr-433	375	29	31.55	31.55	NUM
ftr-433	375	30	7.41	7.41	NUM
ftr-433	375	31	24.14	24.14	NUM
ftr-433	375	32	31.55	31.55	NUM
ftr-433	375	33	12.07	12.07	NUM
ftr-433	375	34	19.48	19.48	NUM
ftr-433	375	35	tot	tot	NOUN
ftr-433	375	36	126.20	126.20	NUM
ftr-433	375	37	100.00	100.00	NUM
ftr-433	375	38	26.20	26.20	NUM
ftr-433	375	39	126.20	126.20	NUM
ftr-433	375	40	13.10	13.10	NUM
ftr-433	375	41	113.10	113.10	NUM
ftr-433	375	42	1pv	1pv	NOUN
ftr-433	375	43	100.00	100.00	NUM
ftr-433	375	44	83.22	83.22	NUM
ftr-433	375	45	16.78	16.78	NUM
ftr-433	375	46	100.00	100.00	NUM
ftr-433	375	47	8.39	8.39	NUM
ftr-433	375	48	91.61	91.61	NUM
ftr-433	375	49	2pv	2pv	NOUN
ftr-433	375	50	111.87	111.87	NUM
ftr-433	375	51	90.95	90.95	NUM
ftr-433	375	52	20.91	20.91	NUM
ftr-433	375	53	111.87	111.87	NUM
ftr-433	375	54	10.46	10.46	NUM
ftr-433	375	55	101.41	101.41	NUM
ftr-433	375	56	irr	irr	NOUN
ftr-433	375	57	10.00	10.00	NUM
ftr-433	375	58	%	%	NOUN
ftr-433	375	59	5.67	5.67	NUM
ftr-433	375	60	%	%	NOUN
ftr-433	375	61	2now	2now	NOUN
ftr-433	375	62	,	,	PUNCT
ftr-433	375	63	the	the	DET
ftr-433	375	64	pv	pv	NOUN
ftr-433	375	65	of	of	ADP
ftr-433	375	66	the	the	DET
ftr-433	375	67	recovery	recovery	NOUN
ftr-433	375	68	deduction	deduction	NOUN
ftr-433	375	69	stream	stream	NOUN
ftr-433	375	70	(	(	PUNCT
ftr-433	375	71	$	$	SYM
ftr-433	375	72	90.95	90.95	NUM
ftr-433	375	73	)	)	PUNCT
ftr-433	375	74	exceeds	exceed	VERB
ftr-433	375	75	that	that	PRON
ftr-433	375	76	of	of	ADP
ftr-433	375	77	economic	economic	ADJ
ftr-433	375	78	depreciation	depreciation	NOUN
ftr-433	375	79	(	(	PUNCT
ftr-433	375	80	$	$	SYM
ftr-433	375	81	88.14	88.14	NUM
ftr-433	375	82	)	)	PUNCT
ftr-433	375	83	by	by	ADP
ftr-433	375	84	$	$	SYM
ftr-433	375	85	2.81	2.81	NUM
ftr-433	375	86	.	.	PUNCT
ftr-433	376	1	again	again	ADV
ftr-433	376	2	,	,	PUNCT
ftr-433	376	3	the	the	DET
ftr-433	376	4	higher	high	ADJ
ftr-433	376	5	after	after	ADP
ftr-433	376	6	-	-	PUNCT
ftr-433	376	7	tax	tax	NOUN
ftr-433	376	8	present	present	ADJ
ftr-433	376	9	value	value	NOUN
ftr-433	376	10	of	of	ADP
ftr-433	376	11	the	the	DET
ftr-433	376	12	recovery	recovery	NOUN
ftr-433	376	13	deduction	deduction	NOUN
ftr-433	376	14	stream	stream	NOUN
ftr-433	376	15	leads	lead	VERB
ftr-433	376	16	to	to	ADP
ftr-433	376	17	a	a	DET
ftr-433	376	18	lower	low	ADJ
ftr-433	376	19	present	present	ADJ
ftr-433	376	20	value	value	NOUN
ftr-433	376	21	of	of	ADP
ftr-433	376	22	the	the	DET
ftr-433	376	23	2taxable	2taxable	NUM
ftr-433	376	24	income	income	NOUN
ftr-433	376	25	stream	stream	NOUN
ftr-433	376	26	,	,	PUNCT
ftr-433	376	27	and	and	CCONJ
ftr-433	376	28	ultimately	ultimately	ADV
ftr-433	376	29	a	a	DET
ftr-433	376	30	higher	high	ADJ
ftr-433	376	31	after	after	ADP
ftr-433	376	32	-	-	PUNCT
ftr-433	376	33	tax	tax	NOUN
ftr-433	376	34	present	present	ADJ
ftr-433	376	35	value	value	NOUN
ftr-433	376	36	(	(	PUNCT
ftr-433	376	37	pv	pv	NOUN
ftr-433	376	38	)	)	PUNCT
ftr-433	376	39	44	44	NUM
ftr-433	377	1	2for	2for	NUM
ftr-433	377	2	the	the	DET
ftr-433	377	3	after	after	ADP
ftr-433	377	4	-	-	PUNCT
ftr-433	377	5	tax	tax	NOUN
ftr-433	377	6	cash	cash	NOUN
ftr-433	377	7	flow	flow	NOUN
ftr-433	377	8	(	(	PUNCT
ftr-433	377	9	$	$	SYM
ftr-433	377	10	101.41	101.41	NUM
ftr-433	377	11	)	)	PUNCT
ftr-433	377	12	.	.	PUNCT
ftr-433	378	1	again	again	ADV
ftr-433	378	2	the	the	DET
ftr-433	378	3	pv	pv	NOUN
ftr-433	378	4	of	of	ADP
ftr-433	378	5	the	the	DET
ftr-433	378	6	atcf	atcf	NOUN
ftr-433	378	7	exceeds	exceed	VERB
ftr-433	378	8	the	the	DET
ftr-433	378	9	1pre	1pre	NUM
ftr-433	378	10	-	-	PUNCT
ftr-433	378	11	tax	tax	NOUN
ftr-433	378	12	present	present	ADJ
ftr-433	378	13	value	value	NOUN
ftr-433	378	14	(	(	PUNCT
ftr-433	378	15	pv	pv	NOUN
ftr-433	378	16	)	)	PUNCT
ftr-433	378	17	of	of	ADP
ftr-433	378	18	the	the	DET
ftr-433	378	19	pre	pre	ADJ
ftr-433	378	20	-	-	ADJ
ftr-433	378	21	tax	tax	ADJ
ftr-433	378	22	cash	cash	NOUN
ftr-433	378	23	flow	flow	NOUN
ftr-433	378	24	(	(	PUNCT
ftr-433	378	25	$	$	SYM
ftr-433	378	26	100.00	100.00	NUM
ftr-433	378	27	)	)	PUNCT
ftr-433	378	28	,	,	PUNCT
ftr-433	378	29	but	but	CCONJ
ftr-433	378	30	now	now	ADV
ftr-433	378	31	by	by	ADP
ftr-433	378	32	$	$	SYM
ftr-433	378	33	1.41	1.41	NUM
ftr-433	378	34	instead	instead	ADV
ftr-433	378	35	of	of	ADP
ftr-433	378	36	$	$	SYM
ftr-433	378	37	1.04	1.04	NUM
ftr-433	378	38	.	.	PUNCT
ftr-433	379	1	taken	take	VERB
ftr-433	379	2	together	together	ADV
ftr-433	379	3	,	,	PUNCT
ftr-433	379	4	table	table	NOUN
ftr-433	379	5	1	1	NUM
ftr-433	379	6	,	,	PUNCT
ftr-433	379	7	table	table	NOUN
ftr-433	379	8	2	2	NUM
ftr-433	379	9	and	and	CCONJ
ftr-433	379	10	table	table	NOUN
ftr-433	379	11	3	3	NUM
ftr-433	379	12	show	show	VERB
ftr-433	379	13	that	that	SCONJ
ftr-433	379	14	the	the	DET
ftr-433	379	15	“	"	PUNCT
ftr-433	379	16	faster	fast	ADJ
ftr-433	379	17	”	"	PUNCT
ftr-433	379	18	a	a	DET
ftr-433	379	19	recovery	recovery	NOUN
ftr-433	379	20	method	method	NOUN
ftr-433	379	21	is	be	AUX
ftr-433	379	22	,	,	PUNCT
ftr-433	379	23	the	the	PRON
ftr-433	379	24	more	more	ADJ
ftr-433	379	25	it	it	PRON
ftr-433	379	26	increases	increase	VERB
ftr-433	379	27	the	the	DET
ftr-433	379	28	net	net	ADJ
ftr-433	379	29	after	after	ADP
ftr-433	379	30	-	-	PUNCT
ftr-433	379	31	tax	tax	NOUN
ftr-433	379	32	present	present	ADJ
ftr-433	379	33	value	value	NOUN
ftr-433	379	34	of	of	ADP
ftr-433	379	35	the	the	DET
ftr-433	379	36	after	after	ADP
ftr-433	379	37	-	-	PUNCT
ftr-433	379	38	tax	tax	NOUN
ftr-433	379	39	cash	cash	NOUN
ftr-433	379	40	flow	flow	NOUN
ftr-433	379	41	produced	produce	VERB
ftr-433	379	42	by	by	ADP
ftr-433	379	43	a	a	DET
ftr-433	379	44	given	give	VERB
ftr-433	379	45	amount	amount	NOUN
ftr-433	379	46	of	of	ADP
ftr-433	379	47	investment	investment	NOUN
ftr-433	379	48	.	.	PUNCT
ftr-433	380	1	thus	thus	ADV
ftr-433	380	2	,	,	PUNCT
ftr-433	380	3	for45	for45	PROPN
ftr-433	380	4	2example	2example	NUM
ftr-433	380	5	,	,	PUNCT
ftr-433	380	6	the	the	DET
ftr-433	380	7	net	net	ADJ
ftr-433	380	8	pv	pv	NOUN
ftr-433	380	9	s	s	PROPN
ftr-433	380	10	of	of	ADP
ftr-433	380	11	the	the	DET
ftr-433	380	12	atcfs	atcfs	NOUN
ftr-433	380	13	in	in	ADP
ftr-433	380	14	table	table	NOUN
ftr-433	380	15	1	1	NUM
ftr-433	380	16	(	(	PUNCT
ftr-433	380	17	economic	economic	ADJ
ftr-433	380	18	depreciation	depreciation	NOUN
ftr-433	380	19	)	)	PUNCT
ftr-433	380	20	,	,	PUNCT
ftr-433	380	21	table	table	NOUN
ftr-433	380	22	2	2	NUM
ftr-433	380	23	(	(	PUNCT
ftr-433	380	24	acrs	acrs	NOUN
ftr-433	380	25	)	)	PUNCT
ftr-433	380	26	and	and	CCONJ
ftr-433	380	27	table	table	NOUN
ftr-433	380	28	3	3	NUM
ftr-433	380	29	(	(	PUNCT
ftr-433	380	30	macrs	macr	NOUN
ftr-433	380	31	)	)	PUNCT
ftr-433	380	32	are	be	AUX
ftr-433	380	33	$	$	SYM
ftr-433	380	34	0.00	0.00	NUM
ftr-433	380	35	,	,	PUNCT
ftr-433	380	36	$	$	SYM
ftr-433	380	37	1.04	1.04	NUM
ftr-433	380	38	and	and	CCONJ
ftr-433	380	39	$	$	SYM
ftr-433	380	40	1.41	1.41	NUM
ftr-433	380	41	,	,	PUNCT
ftr-433	380	42	respectively	respectively	ADV
ftr-433	380	43	.	.	PUNCT
ftr-433	381	1	the	the	PRON
ftr-433	381	2	higher	high	ADJ
ftr-433	381	3	the	the	DET
ftr-433	381	4	present	present	ADJ
ftr-433	381	5	value	value	NOUN
ftr-433	381	6	of	of	ADP
ftr-433	381	7	an	an	DET
ftr-433	381	8	income	income	NOUN
ftr-433	381	9	tax	tax	NOUN
ftr-433	381	10	recovery	recovery	NOUN
ftr-433	381	11	method	method	NOUN
ftr-433	381	12	,	,	PUNCT
ftr-433	381	13	the	the	PRON
ftr-433	381	14	higher	high	ADJ
ftr-433	381	15	the	the	DET
ftr-433	381	16	net	net	ADJ
ftr-433	381	17	present	present	ADJ
ftr-433	381	18	value	value	NOUN
ftr-433	381	19	of	of	ADP
ftr-433	381	20	an	an	DET
ftr-433	381	21	investment	investment	NOUN
ftr-433	381	22	in	in	ADP
ftr-433	381	23	that	that	DET
ftr-433	381	24	asset	asset	NOUN
ftr-433	381	25	is	be	AUX
ftr-433	381	26	relative	relative	ADJ
ftr-433	381	27	to	to	ADP
ftr-433	381	28	alternative	alternative	ADJ
ftr-433	381	29	investments	investment	NOUN
ftr-433	381	30	,	,	PUNCT
ftr-433	381	31	2002	2002	NUM
ftr-433	381	32	]	]	PUNCT
ftr-433	381	33	normative	normative	ADJ
ftr-433	381	34	capital	capital	NOUN
ftr-433	381	35	cost	cost	NOUN
ftr-433	381	36	recovery	recovery	NOUN
ftr-433	381	37	483	483	NUM
ftr-433	381	38	46	46	NUM
ftr-433	381	39	.	.	PUNCT
ftr-433	382	1	the	the	DET
ftr-433	382	2	net	net	ADJ
ftr-433	382	3	present	present	ADJ
ftr-433	382	4	values	value	NOUN
ftr-433	382	5	of	of	ADP
ftr-433	382	6	the	the	DET
ftr-433	382	7	after	after	ADP
ftr-433	382	8	-	-	PUNCT
ftr-433	382	9	tax	tax	NOUN
ftr-433	382	10	cash	cash	NOUN
ftr-433	382	11	flows	flow	NOUN
ftr-433	382	12	are	be	AUX
ftr-433	382	13	computed	compute	VERB
ftr-433	382	14	by	by	ADP
ftr-433	382	15	2subtracting	2subtracte	VERB
ftr-433	382	16	from	from	ADP
ftr-433	382	17	the	the	DET
ftr-433	382	18	pv	pv	NOUN
ftr-433	382	19	of	of	ADP
ftr-433	382	20	the	the	DET
ftr-433	382	21	atcf	atcf	NOUN
ftr-433	382	22	in	in	ADP
ftr-433	382	23	each	each	DET
ftr-433	382	24	case	case	NOUN
ftr-433	382	25	the	the	DET
ftr-433	382	26	initial	initial	ADJ
ftr-433	382	27	$	$	SYM
ftr-433	382	28	100	100	NUM
ftr-433	382	29	cost	cost	NOUN
ftr-433	382	30	of	of	ADP
ftr-433	382	31	each	each	DET
ftr-433	382	32	investment	investment	NOUN
ftr-433	382	33	.	.	PUNCT
ftr-433	383	1	47	47	NUM
ftr-433	383	2	.	.	PUNCT
ftr-433	384	1	thus	thus	ADV
ftr-433	384	2	,	,	PUNCT
ftr-433	384	3	in	in	ADP
ftr-433	384	4	table	table	NOUN
ftr-433	384	5	1	1	NUM
ftr-433	384	6	through	through	ADP
ftr-433	384	7	table	table	NOUN
ftr-433	384	8	5	5	NUM
ftr-433	384	9	,	,	PUNCT
ftr-433	384	10	total	total	ADJ
ftr-433	384	11	g.i	g.i	PROPN
ftr-433	384	12	.	.	PUNCT
ftr-433	385	1	=	=	PUNCT
ftr-433	385	2	$	$	SYM
ftr-433	385	3	126.20	126.20	NUM
ftr-433	385	4	,	,	PUNCT
ftr-433	385	5	total	total	ADJ
ftr-433	385	6	recovery	recovery	NOUN
ftr-433	385	7	=	=	PUNCT
ftr-433	385	8	$	$	SYM
ftr-433	385	9	100.00	100.00	NUM
ftr-433	385	10	,	,	PUNCT
ftr-433	385	11	total	total	ADJ
ftr-433	385	12	t.i	t.i	PROPN
ftr-433	385	13	.	.	PUNCT
ftr-433	385	14	=	=	PUNCT
ftr-433	385	15	$	$	SYM
ftr-433	385	16	26.20	26.20	NUM
ftr-433	385	17	,	,	PUNCT
ftr-433	385	18	total	total	ADJ
ftr-433	385	19	tax	tax	NOUN
ftr-433	385	20	=	=	PUNCT
ftr-433	385	21	$	$	SYM
ftr-433	385	22	13.10	13.10	NUM
ftr-433	385	23	and	and	CCONJ
ftr-433	385	24	total	total	ADJ
ftr-433	385	25	atcf	atcf	NOUN
ftr-433	385	26	=	=	PUNCT
ftr-433	385	27	$	$	SYM
ftr-433	385	28	113.10	113.10	NUM
ftr-433	385	29	.	.	PUNCT
ftr-433	386	1	48	48	NUM
ftr-433	386	2	.	.	PUNCT
ftr-433	387	1	this	this	DET
ftr-433	387	2	result	result	NOUN
ftr-433	387	3	shows	show	VERB
ftr-433	387	4	that	that	SCONJ
ftr-433	387	5	because	because	SCONJ
ftr-433	387	6	only	only	ADV
ftr-433	387	7	the	the	DET
ftr-433	387	8	cost	cost	NOUN
ftr-433	387	9	recovery	recovery	NOUN
ftr-433	387	10	methods	method	NOUN
ftr-433	387	11	differ	differ	VERB
ftr-433	387	12	from	from	ADP
ftr-433	387	13	2one	2one	NUM
ftr-433	387	14	investment	investment	NOUN
ftr-433	387	15	to	to	ADP
ftr-433	387	16	another	another	PRON
ftr-433	387	17	,	,	PUNCT
ftr-433	387	18	and	and	CCONJ
ftr-433	387	19	because	because	SCONJ
ftr-433	387	20	the	the	DET
ftr-433	387	21	pv	pv	NOUN
ftr-433	387	22	of	of	ADP
ftr-433	387	23	the	the	DET
ftr-433	387	24	atcf	atcf	NOUN
ftr-433	387	25	under	under	ADP
ftr-433	387	26	economic	economic	ADJ
ftr-433	387	27	depreciation	depreciation	NOUN
ftr-433	387	28	is	be	AUX
ftr-433	387	29	$	$	SYM
ftr-433	387	30	100	100	NUM
ftr-433	387	31	,	,	PUNCT
ftr-433	387	32	accelerated	accelerate	VERB
ftr-433	387	33	recovery	recovery	NOUN
ftr-433	387	34	methods	method	NOUN
ftr-433	387	35	are	be	AUX
ftr-433	387	36	the	the	DET
ftr-433	387	37	only	only	ADJ
ftr-433	387	38	reason	reason	NOUN
ftr-433	387	39	for	for	ADP
ftr-433	387	40	the	the	DET
ftr-433	387	41	positive	positive	ADJ
ftr-433	387	42	2financial	2financial	ADJ
ftr-433	387	43	value	value	NOUN
ftr-433	387	44	of	of	ADP
ftr-433	387	45	the	the	DET
ftr-433	387	46	investment	investment	NOUN
ftr-433	387	47	after	after	ADP
ftr-433	387	48	tax	tax	NOUN
ftr-433	387	49	as	as	SCONJ
ftr-433	387	50	measured	measure	VERB
ftr-433	387	51	by	by	ADP
ftr-433	387	52	the	the	DET
ftr-433	387	53	pv	pv	NOUN
ftr-433	387	54	of	of	ADP
ftr-433	387	55	the	the	DET
ftr-433	387	56	atcf	atcf	NOUN
ftr-433	387	57	in	in	ADP
ftr-433	387	58	table	table	NOUN
ftr-433	387	59	2	2	NUM
ftr-433	387	60	and	and	CCONJ
ftr-433	387	61	table	table	NOUN
ftr-433	387	62	3	3	NUM
ftr-433	387	63	.	.	NOUN
ftr-433	387	64	49	49	NUM
ftr-433	387	65	.	.	PUNCT
ftr-433	388	1	see	see	VERB
ftr-433	388	2	supra	supra	PROPN
ftr-433	388	3	note	note	PROPN
ftr-433	388	4	36	36	NUM
ftr-433	388	5	and	and	CCONJ
ftr-433	388	6	accompanying	accompany	VERB
ftr-433	388	7	text	text	NOUN
ftr-433	388	8	.	.	PUNCT
ftr-433	389	1	50	50	NUM
ftr-433	389	2	.	.	PUNCT
ftr-433	390	1	applying	apply	VERB
ftr-433	390	2	the	the	DET
ftr-433	390	3	etr	etr	NOUN
ftr-433	390	4	formula	formula	NOUN
ftr-433	390	5	from	from	ADP
ftr-433	390	6	supra	supra	PROPN
ftr-433	390	7	note	note	PROPN
ftr-433	390	8	36	36	NUM
ftr-433	390	9	to	to	PART
ftr-433	390	10	table	table	NOUN
ftr-433	390	11	2	2	NUM
ftr-433	390	12	produces	produce	VERB
ftr-433	390	13	an	an	DET
ftr-433	390	14	irr	irr	NOUN
ftr-433	390	15	etr	etr	NOUN
ftr-433	390	16	of	of	ADP
ftr-433	390	17	45.2	45.2	NUM
ftr-433	390	18	%	%	NOUN
ftr-433	390	19	.	.	PUNCT
ftr-433	391	1	in	in	ADP
ftr-433	391	2	the	the	DET
ftr-433	391	3	macrs	macrs	NOUN
ftr-433	391	4	case	case	NOUN
ftr-433	391	5	,	,	PUNCT
ftr-433	391	6	the	the	DET
ftr-433	391	7	application	application	NOUN
ftr-433	391	8	produces	produce	VERB
ftr-433	391	9	an	an	DET
ftr-433	391	10	irr	irr	NOUN
ftr-433	391	11	etr	etr	NOUN
ftr-433	391	12	of	of	ADP
ftr-433	391	13	43.3	43.3	NUM
ftr-433	391	14	%	%	NOUN
ftr-433	391	15	.	.	PUNCT
ftr-433	392	1	51	51	NUM
ftr-433	392	2	.	.	PUNCT
ftr-433	393	1	see	see	VERB
ftr-433	393	2	discussion	discussion	NOUN
ftr-433	393	3	,	,	PUNCT
ftr-433	393	4	supra	supra	PROPN
ftr-433	393	5	notes	note	VERB
ftr-433	393	6	31	31	NUM
ftr-433	393	7	-	-	SYM
ftr-433	393	8	32	32	NUM
ftr-433	393	9	and	and	CCONJ
ftr-433	393	10	accompanying	accompany	VERB
ftr-433	393	11	text	text	NOUN
ftr-433	393	12	.	.	PUNCT
ftr-433	394	1	52	52	NUM
ftr-433	394	2	.	.	PUNCT
ftr-433	395	1	this	this	DET
ftr-433	395	2	simplifying	simplify	VERB
ftr-433	395	3	assumption	assumption	NOUN
ftr-433	395	4	ignores	ignore	VERB
ftr-433	395	5	the	the	DET
ftr-433	395	6	impact	impact	NOUN
ftr-433	395	7	of	of	ADP
ftr-433	395	8	interim	interim	ADJ
ftr-433	395	9	income	income	NOUN
ftr-433	395	10	and	and	CCONJ
ftr-433	395	11	deductions	deduction	NOUN
ftr-433	395	12	on	on	ADP
ftr-433	395	13	the	the	DET
ftr-433	395	14	amount	amount	NOUN
ftr-433	395	15	of	of	ADP
ftr-433	395	16	quarterly	quarterly	ADJ
ftr-433	395	17	estimated	estimate	VERB
ftr-433	395	18	tax	tax	NOUN
ftr-433	395	19	payments	payment	NOUN
ftr-433	395	20	for	for	ADP
ftr-433	395	21	which	which	PRON
ftr-433	395	22	many	many	ADJ
ftr-433	395	23	taxpayers	taxpayer	NOUN
ftr-433	395	24	are	be	AUX
ftr-433	395	25	responsible	responsible	ADJ
ftr-433	395	26	.	.	PUNCT
ftr-433	396	1	e.g.	e.g.	ADV
ftr-433	396	2	,	,	PUNCT
ftr-433	396	3	irc	irc	PROPN
ftr-433	396	4	§	§	PROPN
ftr-433	396	5	§	§	PROPN
ftr-433	396	6	6654	6654	NUM
ftr-433	396	7	(	(	PUNCT
ftr-433	396	8	individuals	individual	NOUN
ftr-433	396	9	)	)	PUNCT
ftr-433	396	10	,	,	PUNCT
ftr-433	396	11	6655	6655	NUM
ftr-433	396	12	(	(	PUNCT
ftr-433	396	13	corporations	corporation	NOUN
ftr-433	396	14	)	)	PUNCT
ftr-433	396	15	.	.	PUNCT
ftr-433	397	1	it	it	PRON
ftr-433	397	2	also	also	ADV
ftr-433	397	3	ignores	ignore	VERB
ftr-433	397	4	the	the	DET
ftr-433	397	5	fact	fact	NOUN
ftr-433	397	6	that	that	SCONJ
ftr-433	397	7	the	the	DET
ftr-433	397	8	tax	tax	NOUN
ftr-433	397	9	liability	liability	NOUN
ftr-433	397	10	for	for	ADP
ftr-433	397	11	a	a	DET
ftr-433	397	12	taxable	taxable	ADJ
ftr-433	397	13	year	year	NOUN
ftr-433	397	14	is	be	AUX
ftr-433	397	15	not	not	PART
ftr-433	397	16	payable	payable	ADJ
ftr-433	397	17	in	in	ADP
ftr-433	397	18	full	full	ADJ
ftr-433	397	19	until	until	ADP
ftr-433	397	20	well	well	ADV
ftr-433	397	21	after	after	ADP
ftr-433	397	22	the	the	DET
ftr-433	397	23	close	close	NOUN
ftr-433	397	24	of	of	ADP
ftr-433	397	25	the	the	DET
ftr-433	397	26	taxable	taxable	ADJ
ftr-433	397	27	year	year	NOUN
ftr-433	397	28	.	.	PUNCT
ftr-433	398	1	see	see	VERB
ftr-433	398	2	irc	irc	PROPN
ftr-433	398	3	§	§	PROPN
ftr-433	398	4	§	§	PROPN
ftr-433	398	5	6072	6072	NUM
ftr-433	398	6	(	(	PUNCT
ftr-433	398	7	due	due	ADJ
ftr-433	398	8	dates	date	NOUN
ftr-433	398	9	for	for	ADP
ftr-433	398	10	calendar	calendar	NOUN
ftr-433	398	11	year	year	NOUN
ftr-433	398	12	corporate	corporate	ADJ
ftr-433	398	13	and	and	CCONJ
ftr-433	398	14	non	non	ADJ
ftr-433	398	15	-	-	ADJ
ftr-433	398	16	corporate	corporate	ADJ
ftr-433	398	17	income	income	NOUN
ftr-433	398	18	tax	tax	NOUN
ftr-433	398	19	returns	return	NOUN
ftr-433	398	20	are	be	AUX
ftr-433	398	21	march	march	PROPN
ftr-433	398	22	15	15	NUM
ftr-433	398	23	and	and	CCONJ
ftr-433	398	24	april	april	PROPN
ftr-433	398	25	15	15	NUM
ftr-433	398	26	of	of	ADP
ftr-433	398	27	the	the	DET
ftr-433	398	28	following	follow	VERB
ftr-433	398	29	calendar	calendar	NOUN
ftr-433	398	30	year	year	NOUN
ftr-433	398	31	,	,	PUNCT
ftr-433	398	32	respectively	respectively	ADV
ftr-433	398	33	)	)	PUNCT
ftr-433	398	34	,	,	PUNCT
ftr-433	398	35	6151	6151	NUM
ftr-433	398	36	(	(	PUNCT
ftr-433	398	37	tax	tax	NOUN
ftr-433	398	38	payment	payment	NOUN
ftr-433	398	39	is	be	AUX
ftr-433	398	40	due	due	ADJ
ftr-433	398	41	with	with	ADP
ftr-433	398	42	returns	return	NOUN
ftr-433	398	43	on	on	ADP
ftr-433	398	44	date	date	NOUN
ftr-433	398	45	required	require	VERB
ftr-433	398	46	for	for	ADP
ftr-433	398	47	filing	filing	NOUN
ftr-433	398	48	of	of	ADP
ftr-433	398	49	returns	return	NOUN
ftr-433	398	50	)	)	PUNCT
ftr-433	398	51	.	.	PUNCT
ftr-433	399	1	and	and	CCONJ
ftr-433	399	2	the	the	PRON
ftr-433	399	3	greater	great	ADJ
ftr-433	399	4	the	the	DET
ftr-433	399	5	financial	financial	ADJ
ftr-433	399	6	attractiveness	attractiveness	NOUN
ftr-433	399	7	of	of	ADP
ftr-433	399	8	investing	invest	VERB
ftr-433	399	9	in	in	ADP
ftr-433	399	10	that	that	DET
ftr-433	399	11	asset	asset	NOUN
ftr-433	399	12	.	.	PUNCT
ftr-433	400	1	note,46	note,46	PROPN
ftr-433	400	2	however	however	ADV
ftr-433	400	3	,	,	PUNCT
ftr-433	400	4	that	that	SCONJ
ftr-433	400	5	these	these	DET
ftr-433	400	6	increments	increment	NOUN
ftr-433	400	7	in	in	ADP
ftr-433	400	8	financial	financial	ADJ
ftr-433	400	9	value	value	NOUN
ftr-433	400	10	are	be	AUX
ftr-433	400	11	solely	solely	ADV
ftr-433	400	12	a	a	DET
ftr-433	400	13	function	function	NOUN
ftr-433	400	14	of	of	ADP
ftr-433	400	15	the	the	DET
ftr-433	400	16	recovery	recovery	NOUN
ftr-433	400	17	methods	method	NOUN
ftr-433	400	18	employed	employ	VERB
ftr-433	400	19	.	.	PUNCT
ftr-433	401	1	under	under	ADP
ftr-433	401	2	all	all	PRON
ftr-433	401	3	of	of	ADP
ftr-433	401	4	these	these	DET
ftr-433	401	5	recovery	recovery	NOUN
ftr-433	401	6	methods	method	NOUN
ftr-433	401	7	,	,	PUNCT
ftr-433	401	8	all	all	PRON
ftr-433	401	9	of	of	ADP
ftr-433	401	10	the	the	DET
ftr-433	401	11	nominal	nominal	ADJ
ftr-433	401	12	or	or	CCONJ
ftr-433	401	13	economic	economic	ADJ
ftr-433	401	14	results	result	NOUN
ftr-433	401	15	are	be	AUX
ftr-433	401	16	identical	identical	ADJ
ftr-433	401	17	,	,	PUNCT
ftr-433	401	18	and	and	CCONJ
ftr-433	401	19	the	the	DET
ftr-433	401	20	pre	pre	ADJ
ftr-433	401	21	-	-	ADJ
ftr-433	401	22	tax	tax	ADJ
ftr-433	401	23	present	present	ADJ
ftr-433	401	24	value	value	NOUN
ftr-433	401	25	of	of	ADP
ftr-433	401	26	the47	the47	PROPN
ftr-433	401	27	investment	investment	NOUN
ftr-433	401	28	always	always	ADV
ftr-433	401	29	equals	equal	VERB
ftr-433	401	30	$	$	SYM
ftr-433	401	31	100.00.48	100.00.48	PROPN
ftr-433	401	32	table	table	NOUN
ftr-433	401	33	2	2	NUM
ftr-433	401	34	and	and	CCONJ
ftr-433	401	35	table	table	NOUN
ftr-433	401	36	3	3	NUM
ftr-433	401	37	also	also	ADV
ftr-433	401	38	illustrate	illustrate	VERB
ftr-433	401	39	two	two	NUM
ftr-433	401	40	other	other	ADJ
ftr-433	401	41	indicia	indicia	NOUN
ftr-433	401	42	of	of	ADP
ftr-433	401	43	the	the	DET
ftr-433	401	44	financial	financial	ADJ
ftr-433	401	45	value	value	NOUN
ftr-433	401	46	of	of	ADP
ftr-433	401	47	accelerated	accelerate	VERB
ftr-433	401	48	recovery	recovery	NOUN
ftr-433	401	49	methods	method	NOUN
ftr-433	401	50	.	.	PUNCT
ftr-433	402	1	under	under	ADP
ftr-433	402	2	economic	economic	ADJ
ftr-433	402	3	depreciation	depreciation	NOUN
ftr-433	402	4	,	,	PUNCT
ftr-433	402	5	as	as	SCONJ
ftr-433	402	6	portrayed	portray	VERB
ftr-433	402	7	in	in	ADP
ftr-433	402	8	table	table	NOUN
ftr-433	402	9	1	1	NUM
ftr-433	402	10	,	,	PUNCT
ftr-433	402	11	for	for	ADP
ftr-433	402	12	example	example	NOUN
ftr-433	402	13	,	,	PUNCT
ftr-433	402	14	the	the	DET
ftr-433	402	15	irr	irr	NOUN
ftr-433	402	16	of	of	ADP
ftr-433	402	17	the	the	DET
ftr-433	402	18	after	after	ADP
ftr-433	402	19	-	-	PUNCT
ftr-433	402	20	tax	tax	NOUN
ftr-433	402	21	cash	cash	NOUN
ftr-433	402	22	flow	flow	NOUN
ftr-433	402	23	(	(	PUNCT
ftr-433	402	24	5	5	NUM
ftr-433	402	25	%	%	NOUN
ftr-433	402	26	)	)	PUNCT
ftr-433	402	27	was	be	AUX
ftr-433	402	28	exactly	exactly	ADV
ftr-433	402	29	50	50	NUM
ftr-433	402	30	%	%	NOUN
ftr-433	402	31	of	of	ADP
ftr-433	402	32	the	the	DET
ftr-433	402	33	irr	irr	NOUN
ftr-433	402	34	of	of	ADP
ftr-433	402	35	the	the	DET
ftr-433	402	36	pre	pre	ADJ
ftr-433	402	37	-	-	ADJ
ftr-433	402	38	tax	tax	ADJ
ftr-433	402	39	cash	cash	NOUN
ftr-433	402	40	flow	flow	NOUN
ftr-433	402	41	(	(	PUNCT
ftr-433	402	42	10	10	NUM
ftr-433	402	43	%	%	NOUN
ftr-433	402	44	)	)	PUNCT
ftr-433	402	45	.	.	PUNCT
ftr-433	403	1	this	this	DET
ftr-433	403	2	relationship	relationship	NOUN
ftr-433	403	3	demonstrated	demonstrate	VERB
ftr-433	403	4	that	that	SCONJ
ftr-433	403	5	the	the	DET
ftr-433	403	6	irr	irr	NOUN
ftr-433	403	7	effective	effective	ADJ
ftr-433	403	8	tax	tax	NOUN
ftr-433	403	9	rate	rate	NOUN
ftr-433	403	10	matched	match	VERB
ftr-433	403	11	the	the	DET
ftr-433	403	12	nominal	nominal	ADJ
ftr-433	403	13	tax	tax	NOUN
ftr-433	403	14	rate	rate	NOUN
ftr-433	403	15	of	of	ADP
ftr-433	403	16	50	50	NUM
ftr-433	403	17	%	%	NOUN
ftr-433	403	18	.	.	PUNCT
ftr-433	404	1	acrs	acr	NOUN
ftr-433	404	2	depreciation	depreciation	NOUN
ftr-433	404	3	increased	increase	VERB
ftr-433	404	4	the	the	DET
ftr-433	404	5	irr	irr	NOUN
ftr-433	404	6	of	of	ADP
ftr-433	404	7	the	the	DET
ftr-433	404	8	atcf	atcf	NOUN
ftr-433	404	9	to	to	ADP
ftr-433	404	10	5.48	5.48	NUM
ftr-433	404	11	%	%	NOUN
ftr-433	404	12	,	,	PUNCT
ftr-433	404	13	and49	and49	NOUN
ftr-433	404	14	macrs	macr	NOUN
ftr-433	404	15	increased	increase	VERB
ftr-433	404	16	it	it	PRON
ftr-433	404	17	even	even	ADV
ftr-433	404	18	more	more	ADV
ftr-433	404	19	to	to	PART
ftr-433	404	20	5.67	5.67	NUM
ftr-433	404	21	%	%	NOUN
ftr-433	404	22	,	,	PUNCT
ftr-433	404	23	thus	thus	ADV
ftr-433	404	24	reducing	reduce	VERB
ftr-433	404	25	the	the	DET
ftr-433	404	26	irr	irr	NOUN
ftr-433	404	27	effective	effective	ADJ
ftr-433	404	28	tax	tax	NOUN
ftr-433	404	29	rates	rate	NOUN
ftr-433	404	30	to	to	ADP
ftr-433	404	31	45.2	45.2	NUM
ftr-433	404	32	%	%	NOUN
ftr-433	404	33	and	and	CCONJ
ftr-433	404	34	43.3	43.3	NUM
ftr-433	404	35	%	%	NOUN
ftr-433	404	36	,	,	PUNCT
ftr-433	404	37	respectively.50	respectively.50	PROPN
ftr-433	404	38	c.	c.	PROPN
ftr-433	404	39	year	year	NOUN
ftr-433	404	40	-	-	PUNCT
ftr-433	404	41	end	end	NOUN
ftr-433	404	42	expensing	expense	VERB
ftr-433	404	43	in	in	ADP
ftr-433	404	44	the	the	DET
ftr-433	404	45	“	"	PUNCT
ftr-433	404	46	real	real	ADJ
ftr-433	404	47	world	world	NOUN
ftr-433	404	48	,	,	PUNCT
ftr-433	404	49	”	"	PUNCT
ftr-433	404	50	an	an	DET
ftr-433	404	51	expensed	expensed	ADJ
ftr-433	404	52	asset	asset	NOUN
ftr-433	404	53	may	may	AUX
ftr-433	404	54	be	be	AUX
ftr-433	404	55	purchased	purchase	VERB
ftr-433	404	56	at	at	ADP
ftr-433	404	57	any	any	DET
ftr-433	404	58	point	point	NOUN
ftr-433	404	59	in	in	ADP
ftr-433	404	60	time	time	NOUN
ftr-433	404	61	between	between	ADP
ftr-433	404	62	the	the	DET
ftr-433	404	63	first	first	ADJ
ftr-433	404	64	day	day	NOUN
ftr-433	404	65	of	of	ADP
ftr-433	404	66	year	year	NOUN
ftr-433	404	67	1	1	NUM
ftr-433	404	68	,	,	PUNCT
ftr-433	404	69	which	which	PRON
ftr-433	404	70	is	be	AUX
ftr-433	404	71	when	when	SCONJ
ftr-433	404	72	investment	investment	NOUN
ftr-433	404	73	in	in	ADP
ftr-433	404	74	assets	asset	NOUN
ftr-433	404	75	is	be	AUX
ftr-433	404	76	generally	generally	ADV
ftr-433	404	77	deemed	deem	VERB
ftr-433	404	78	to	to	PART
ftr-433	404	79	occur	occur	VERB
ftr-433	404	80	for	for	ADP
ftr-433	404	81	purposes	purpose	NOUN
ftr-433	404	82	of	of	ADP
ftr-433	404	83	this	this	DET
ftr-433	404	84	article	article	NOUN
ftr-433	404	85	,	,	PUNCT
ftr-433	404	86	and	and	CCONJ
ftr-433	404	87	the	the	DET
ftr-433	404	88	last	last	ADJ
ftr-433	404	89	day	day	NOUN
ftr-433	404	90	of	of	ADP
ftr-433	404	91	year	year	NOUN
ftr-433	404	92	1	1	NUM
ftr-433	404	93	,	,	PUNCT
ftr-433	404	94	which	which	PRON
ftr-433	404	95	is	be	AUX
ftr-433	404	96	when	when	SCONJ
ftr-433	404	97	gross	gross	ADJ
ftr-433	404	98	income	income	NOUN
ftr-433	404	99	,	,	PUNCT
ftr-433	404	100	recovery	recovery	NOUN
ftr-433	404	101	deductions	deduction	NOUN
ftr-433	404	102	and	and	CCONJ
ftr-433	404	103	all	all	DET
ftr-433	404	104	other	other	ADJ
ftr-433	404	105	financial	financial	ADJ
ftr-433	404	106	and	and	CCONJ
ftr-433	404	107	tax	tax	NOUN
ftr-433	404	108	events	event	NOUN
ftr-433	404	109	are	be	AUX
ftr-433	404	110	accounted	account	VERB
ftr-433	404	111	for	for	ADP
ftr-433	404	112	under	under	ADP
ftr-433	404	113	the	the	DET
ftr-433	404	114	conventions	convention	NOUN
ftr-433	404	115	used	use	VERB
ftr-433	404	116	in	in	ADP
ftr-433	404	117	this	this	DET
ftr-433	404	118	article	article	NOUN
ftr-433	404	119	and	and	CCONJ
ftr-433	404	120	under	under	ADP
ftr-433	404	121	the	the	DET
ftr-433	404	122	tax	tax	NOUN
ftr-433	404	123	accounting	accounting	NOUN
ftr-433	404	124	rules	rule	NOUN
ftr-433	404	125	prescribed	prescribe	VERB
ftr-433	404	126	in	in	ADP
ftr-433	404	127	the	the	DET
ftr-433	404	128	internal	internal	ADJ
ftr-433	404	129	revenue	revenue	NOUN
ftr-433	404	130	code	code	NOUN
ftr-433	404	131	.	.	PUNCT
ftr-433	405	1	thus,51	thus,51	NOUN
ftr-433	405	2	it	it	PRON
ftr-433	405	3	can	can	AUX
ftr-433	405	4	be	be	AUX
ftr-433	405	5	argued	argue	VERB
ftr-433	405	6	that	that	SCONJ
ftr-433	405	7	expensing	expense	VERB
ftr-433	405	8	deductions	deduction	NOUN
ftr-433	405	9	take	take	VERB
ftr-433	405	10	effect	effect	NOUN
ftr-433	405	11	at	at	ADP
ftr-433	405	12	the	the	DET
ftr-433	405	13	same	same	ADJ
ftr-433	405	14	time	time	NOUN
ftr-433	405	15	(	(	PUNCT
ftr-433	405	16	the	the	DET
ftr-433	405	17	end	end	NOUN
ftr-433	405	18	of	of	ADP
ftr-433	405	19	year	year	NOUN
ftr-433	405	20	1	1	NUM
ftr-433	405	21	)	)	PUNCT
ftr-433	405	22	as	as	ADP
ftr-433	405	23	deductions	deduction	NOUN
ftr-433	405	24	under	under	ADP
ftr-433	405	25	the	the	DET
ftr-433	405	26	cost	cost	NOUN
ftr-433	405	27	recovery	recovery	NOUN
ftr-433	405	28	methods	method	NOUN
ftr-433	405	29	already	already	ADV
ftr-433	405	30	discussed.52	discussed.52	VERB
ftr-433	405	31	484	484	NUM
ftr-433	405	32	florida	florida	PROPN
ftr-433	405	33	tax	tax	NOUN
ftr-433	405	34	review	review	NOUN
ftr-433	406	1	[	[	X
ftr-433	406	2	vol	vol	NOUN
ftr-433	406	3	.	.	PUNCT
ftr-433	406	4	5:7	5:7	NUM
ftr-433	406	5	53	53	NUM
ftr-433	406	6	.	.	PUNCT
ftr-433	407	1	in	in	ADP
ftr-433	407	2	year	year	NOUN
ftr-433	407	3	1	1	NUM
ftr-433	407	4	,	,	PUNCT
ftr-433	407	5	the	the	DET
ftr-433	407	6	$	$	SYM
ftr-433	407	7	100	100	NUM
ftr-433	407	8	expensing	expense	VERB
ftr-433	407	9	deduction	deduction	NOUN
ftr-433	407	10	offsets	offset	VERB
ftr-433	407	11	the	the	DET
ftr-433	407	12	$	$	SYM
ftr-433	407	13	31.55	31.55	NUM
ftr-433	407	14	of	of	ADP
ftr-433	407	15	gross	gross	ADJ
ftr-433	407	16	income	income	NOUN
ftr-433	407	17	produced	produce	VERB
ftr-433	407	18	by	by	ADP
ftr-433	407	19	the	the	DET
ftr-433	407	20	asset	asset	NOUN
ftr-433	407	21	,	,	PUNCT
ftr-433	407	22	and	and	CCONJ
ftr-433	407	23	the	the	DET
ftr-433	407	24	negative	negative	ADJ
ftr-433	407	25	$	$	SYM
ftr-433	407	26	68.45	68.45	NUM
ftr-433	407	27	of	of	ADP
ftr-433	407	28	asset	asset	NOUN
ftr-433	407	29	taxable	taxable	ADJ
ftr-433	407	30	income	income	NOUN
ftr-433	407	31	is	be	AUX
ftr-433	407	32	presumed	presume	VERB
ftr-433	407	33	to	to	PART
ftr-433	407	34	offset	offset	VERB
ftr-433	407	35	an	an	DET
ftr-433	407	36	equal	equal	ADJ
ftr-433	407	37	amount	amount	NOUN
ftr-433	407	38	of	of	ADP
ftr-433	407	39	non	non	ADJ
ftr-433	407	40	-	-	ADJ
ftr-433	407	41	asset	asset	ADJ
ftr-433	407	42	gross	gross	ADJ
ftr-433	407	43	income	income	NOUN
ftr-433	407	44	.	.	PUNCT
ftr-433	408	1	this	this	DET
ftr-433	408	2	deduction	deduction	NOUN
ftr-433	408	3	produces	produce	VERB
ftr-433	408	4	tax	tax	NOUN
ftr-433	408	5	savings	saving	NOUN
ftr-433	408	6	of	of	ADP
ftr-433	408	7	$	$	SYM
ftr-433	408	8	34.23	34.23	NUM
ftr-433	408	9	(	(	PUNCT
ftr-433	408	10	50	50	NUM
ftr-433	408	11	%	%	NOUN
ftr-433	408	12	of	of	ADP
ftr-433	408	13	$	$	SYM
ftr-433	408	14	68.45	68.45	NUM
ftr-433	408	15	)	)	PUNCT
ftr-433	408	16	.	.	PUNCT
ftr-433	409	1	the	the	DET
ftr-433	409	2	atcf	atcf	NOUN
ftr-433	409	3	of	of	ADP
ftr-433	409	4	$	$	SYM
ftr-433	409	5	65.78	65.78	NUM
ftr-433	409	6	consists	consist	VERB
ftr-433	409	7	of	of	ADP
ftr-433	409	8	the	the	DET
ftr-433	409	9	sum	sum	NOUN
ftr-433	409	10	of	of	ADP
ftr-433	409	11	the	the	DET
ftr-433	409	12	$	$	SYM
ftr-433	409	13	31.55	31.55	NUM
ftr-433	409	14	ptcf	ptcf	NOUN
ftr-433	409	15	produced	produce	VERB
ftr-433	409	16	by	by	ADP
ftr-433	409	17	the	the	DET
ftr-433	409	18	asset	asset	NOUN
ftr-433	409	19	and	and	CCONJ
ftr-433	409	20	those	those	DET
ftr-433	409	21	tax	tax	NOUN
ftr-433	409	22	savings	saving	NOUN
ftr-433	409	23	.	.	PUNCT
ftr-433	410	1	54	54	NUM
ftr-433	410	2	.	.	PUNCT
ftr-433	411	1	at	at	ADP
ftr-433	411	2	the	the	DET
ftr-433	411	3	same	same	ADJ
ftr-433	411	4	time	time	NOUN
ftr-433	411	5	,	,	PUNCT
ftr-433	411	6	the	the	DET
ftr-433	411	7	expensing	expensing	NOUN
ftr-433	411	8	in	in	ADP
ftr-433	411	9	table	table	NOUN
ftr-433	411	10	4	4	NUM
ftr-433	411	11	is	be	AUX
ftr-433	411	12	substantially	substantially	ADV
ftr-433	411	13	“	"	PUNCT
ftr-433	411	14	slower	slow	ADJ
ftr-433	411	15	”	"	PUNCT
ftr-433	411	16	financially	financially	ADV
ftr-433	411	17	than	than	ADP
ftr-433	411	18	theoretical	theoretical	ADJ
ftr-433	411	19	instantaneous	instantaneous	ADJ
ftr-433	411	20	expensing	expensing	NOUN
ftr-433	411	21	.	.	PUNCT
ftr-433	412	1	255	255	NUM
ftr-433	412	2	.	.	PUNCT
ftr-433	413	1	cf	cf	X
ftr-433	413	2	.	.	PUNCT
ftr-433	414	1	the	the	DET
ftr-433	414	2	pv	pv	NOUN
ftr-433	414	3	of	of	ADP
ftr-433	414	4	the	the	DET
ftr-433	414	5	recovery	recovery	NOUN
ftr-433	414	6	deduction	deduction	NOUN
ftr-433	414	7	columns	column	NOUN
ftr-433	414	8	in	in	ADP
ftr-433	414	9	table	table	NOUN
ftr-433	414	10	2	2	NUM
ftr-433	414	11	(	(	PUNCT
ftr-433	414	12	acrs	acrs	NOUN
ftr-433	414	13	)	)	PUNCT
ftr-433	414	14	,	,	PUNCT
ftr-433	414	15	which	which	PRON
ftr-433	414	16	is	be	AUX
ftr-433	414	17	$	$	SYM
ftr-433	414	18	90.24	90.24	NUM
ftr-433	414	19	,	,	PUNCT
ftr-433	414	20	and	and	CCONJ
ftr-433	414	21	table	table	NOUN
ftr-433	414	22	3	3	NUM
ftr-433	414	23	(	(	PUNCT
ftr-433	414	24	macrs	macrs	NOUN
ftr-433	414	25	)	)	PUNCT
ftr-433	414	26	,	,	PUNCT
ftr-433	414	27	which	which	PRON
ftr-433	414	28	is	be	AUX
ftr-433	414	29	$	$	SYM
ftr-433	414	30	90.95	90.95	NUM
ftr-433	414	31	,	,	PUNCT
ftr-433	414	32	a	a	DET
ftr-433	414	33	difference	difference	NOUN
ftr-433	414	34	of	of	ADP
ftr-433	414	35	$	$	SYM
ftr-433	414	36	5.00	5.00	NUM
ftr-433	414	37	and	and	CCONJ
ftr-433	414	38	$	$	SYM
ftr-433	414	39	4.29	4.29	NUM
ftr-433	414	40	,	,	PUNCT
ftr-433	414	41	respectively	respectively	ADV
ftr-433	414	42	.	.	PUNCT
ftr-433	415	1	256	256	NUM
ftr-433	415	2	.	.	X
ftr-433	415	3	cf	cf	NOUN
ftr-433	415	4	.	.	PUNCT
ftr-433	416	1	the	the	DET
ftr-433	416	2	atcf	atcf	NOUN
ftr-433	416	3	pv	pv	PROPN
ftr-433	416	4	figures	figure	NOUN
ftr-433	416	5	from	from	ADP
ftr-433	416	6	table	table	NOUN
ftr-433	416	7	1	1	NUM
ftr-433	416	8	(	(	PUNCT
ftr-433	416	9	economic	economic	ADJ
ftr-433	416	10	depreciation	depreciation	NOUN
ftr-433	416	11	)	)	PUNCT
ftr-433	416	12	,	,	PUNCT
ftr-433	416	13	$	$	SYM
ftr-433	416	14	100.00	100.00	NUM
ftr-433	416	15	,	,	PUNCT
ftr-433	416	16	table	table	NOUN
ftr-433	416	17	2	2	NUM
ftr-433	416	18	(	(	PUNCT
ftr-433	416	19	acrs	acrs	NOUN
ftr-433	416	20	)	)	PUNCT
ftr-433	416	21	,	,	PUNCT
ftr-433	416	22	$	$	SYM
ftr-433	416	23	101.04	101.04	NUM
ftr-433	416	24	,	,	PUNCT
ftr-433	416	25	and	and	CCONJ
ftr-433	416	26	table	table	NOUN
ftr-433	416	27	3	3	NUM
ftr-433	416	28	(	(	PUNCT
ftr-433	416	29	macrs	macrs	NOUN
ftr-433	416	30	)	)	PUNCT
ftr-433	416	31	,	,	PUNCT
ftr-433	416	32	$	$	SYM
ftr-433	416	33	101.41	101.41	NUM
ftr-433	416	34	.	.	PUNCT
ftr-433	417	1	since	since	SCONJ
ftr-433	417	2	all	all	DET
ftr-433	417	3	these	these	DET
ftr-433	417	4	investments	investment	NOUN
ftr-433	417	5	have	have	VERB
ftr-433	417	6	a	a	DET
ftr-433	417	7	10	10	NUM
ftr-433	417	8	%	%	NOUN
ftr-433	417	9	pre	pre	ADJ
ftr-433	417	10	-	-	ADJ
ftr-433	417	11	tax	tax	ADJ
ftr-433	417	12	yield	yield	NOUN
ftr-433	417	13	rate	rate	NOUN
ftr-433	417	14	and	and	CCONJ
ftr-433	417	15	use	use	VERB
ftr-433	417	16	a	a	DET
ftr-433	417	17	10	10	NUM
ftr-433	417	18	%	%	NOUN
ftr-433	417	19	pre	pre	ADJ
ftr-433	417	20	-	-	ADJ
ftr-433	417	21	tax	tax	ADJ
ftr-433	417	22	discount	discount	NOUN
ftr-433	417	23	rate	rate	NOUN
ftr-433	417	24	,	,	PUNCT
ftr-433	417	25	none	none	NOUN
ftr-433	417	26	of	of	ADP
ftr-433	417	27	them	they	PRON
ftr-433	417	28	have	have	VERB
ftr-433	417	29	1any	1any	NUM
ftr-433	417	30	net	net	ADJ
ftr-433	417	31	present	present	ADJ
ftr-433	417	32	value	value	NOUN
ftr-433	417	33	before	before	ADP
ftr-433	417	34	tax	tax	NOUN
ftr-433	417	35	.	.	PUNCT
ftr-433	418	1	all	all	PRON
ftr-433	418	2	of	of	ADP
ftr-433	418	3	the	the	DET
ftr-433	418	4	ptcf	ptcf	NOUN
ftr-433	418	5	pv	pv	NOUN
ftr-433	418	6	s	s	NOUN
ftr-433	418	7	equal	equal	ADJ
ftr-433	418	8	zero	zero	NUM
ftr-433	418	9	.	.	PUNCT
ftr-433	419	1	as	as	SCONJ
ftr-433	419	2	pre	pre	ADJ
ftr-433	419	3	-	-	ADJ
ftr-433	419	4	tax	tax	ADJ
ftr-433	419	5	investment	investment	NOUN
ftr-433	419	6	is	be	AUX
ftr-433	419	7	subjected	subject	VERB
ftr-433	419	8	to	to	ADP
ftr-433	419	9	faster	fast	ADJ
ftr-433	419	10	and	and	CCONJ
ftr-433	419	11	faster	fast	ADJ
ftr-433	419	12	recovery	recovery	NOUN
ftr-433	419	13	methods	method	NOUN
ftr-433	419	14	,	,	PUNCT
ftr-433	419	15	its	its	PRON
ftr-433	419	16	after	after	ADP
ftr-433	419	17	-	-	PUNCT
ftr-433	419	18	tax	tax	NOUN
ftr-433	419	19	net	net	ADJ
ftr-433	419	20	present	present	ADJ
ftr-433	419	21	table	table	NOUN
ftr-433	419	22	4	4	NUM
ftr-433	419	23	below	below	ADV
ftr-433	419	24	illustrates	illustrate	VERB
ftr-433	419	25	the	the	DET
ftr-433	419	26	expensing	expensing	NOUN
ftr-433	419	27	of	of	ADP
ftr-433	419	28	an	an	DET
ftr-433	419	29	asset	asset	NOUN
ftr-433	419	30	purchased	purchase	VERB
ftr-433	419	31	on	on	ADP
ftr-433	419	32	day	day	NOUN
ftr-433	419	33	1	1	NUM
ftr-433	419	34	of	of	ADP
ftr-433	419	35	year	year	NOUN
ftr-433	419	36	1	1	NUM
ftr-433	419	37	using	use	VERB
ftr-433	419	38	a	a	DET
ftr-433	419	39	“	"	PUNCT
ftr-433	419	40	last	last	ADJ
ftr-433	419	41	day	day	NOUN
ftr-433	419	42	”	"	PUNCT
ftr-433	419	43	convention	convention	NOUN
ftr-433	419	44	.	.	PUNCT
ftr-433	420	1	this	this	DET
ftr-433	420	2	approach	approach	NOUN
ftr-433	420	3	to	to	ADP
ftr-433	420	4	expensing	expensing	NOUN
ftr-433	420	5	is	be	AUX
ftr-433	420	6	consistent	consistent	ADJ
ftr-433	420	7	with	with	ADP
ftr-433	420	8	the	the	DET
ftr-433	420	9	structural	structural	ADJ
ftr-433	420	10	and	and	CCONJ
ftr-433	420	11	timing	timing	NOUN
ftr-433	420	12	assumptions	assumption	NOUN
ftr-433	420	13	that	that	PRON
ftr-433	420	14	were	be	AUX
ftr-433	420	15	used	use	VERB
ftr-433	420	16	with	with	ADP
ftr-433	420	17	the	the	DET
ftr-433	420	18	other	other	ADJ
ftr-433	420	19	income	income	NOUN
ftr-433	420	20	tax	tax	NOUN
ftr-433	420	21	recovery	recovery	NOUN
ftr-433	420	22	methods	method	NOUN
ftr-433	420	23	just	just	ADV
ftr-433	420	24	described	describe	VERB
ftr-433	420	25	.	.	PUNCT
ftr-433	421	1	table	table	NOUN
ftr-433	421	2	4	4	NUM
ftr-433	421	3	:	:	PUNCT
ftr-433	421	4	asset	asset	NOUN
ftr-433	421	5	purchase	purchase	NOUN
ftr-433	421	6	on	on	ADP
ftr-433	421	7	first	first	ADJ
ftr-433	421	8	day	day	NOUN
ftr-433	421	9	&	&	CCONJ
ftr-433	421	10	expensing	expense	VERB
ftr-433	421	11	on	on	ADP
ftr-433	421	12	last	last	ADJ
ftr-433	421	13	day	day	NOUN
ftr-433	421	14	of	of	ADP
ftr-433	421	15	year	year	NOUN
ftr-433	421	16	1	1	NUM
ftr-433	421	17	year	year	NOUN
ftr-433	421	18	g.i	g.i	PROPN
ftr-433	421	19	.	.	PROPN
ftr-433	422	1	rcvry	rcvry	PROPN
ftr-433	422	2	ded	ded	PROPN
ftr-433	422	3	t.i	t.i	PROPN
ftr-433	422	4	.	.	PROPN
ftr-433	422	5	ptcf	ptcf	PROPN
ftr-433	422	6	tax	tax	PROPN
ftr-433	422	7	atcf	atcf	NOUN
ftr-433	422	8	1	1	NUM
ftr-433	422	9	31.55	31.55	NUM
ftr-433	422	10	100.00	100.00	NUM
ftr-433	422	11	-68.45	-68.45	SYM
ftr-433	422	12	31.55	31.55	NUM
ftr-433	422	13	-34.23	-34.23	SYM
ftr-433	422	14	65.78	65.78	NUM
ftr-433	422	15	2	2	NUM
ftr-433	422	16	31.55	31.55	NUM
ftr-433	422	17	0.00	0.00	NUM
ftr-433	422	18	31.55	31.55	NUM
ftr-433	422	19	31.55	31.55	NUM
ftr-433	422	20	15.78	15.78	NUM
ftr-433	422	21	15.78	15.78	NUM
ftr-433	422	22	3	3	NUM
ftr-433	422	23	31.55	31.55	NUM
ftr-433	422	24	0.00	0.00	NUM
ftr-433	422	25	31.55	31.55	NUM
ftr-433	422	26	31.55	31.55	NUM
ftr-433	422	27	15.78	15.78	NUM
ftr-433	422	28	15.78	15.78	NUM
ftr-433	422	29	4	4	NUM
ftr-433	422	30	31.55	31.55	NUM
ftr-433	422	31	0.00	0.00	NUM
ftr-433	422	32	31.55	31.55	NUM
ftr-433	422	33	31.55	31.55	NUM
ftr-433	422	34	15.78	15.78	NUM
ftr-433	422	35	15.78	15.78	NUM
ftr-433	422	36	tot	tot	NOUN
ftr-433	422	37	126.20	126.20	NUM
ftr-433	422	38	100.00	100.00	NUM
ftr-433	422	39	26.20	26.20	NUM
ftr-433	422	40	126.20	126.20	NUM
ftr-433	422	41	13.10	13.10	NUM
ftr-433	422	42	113.10	113.10	NUM
ftr-433	422	43	1pv	1pv	NOUN
ftr-433	422	44	100.00	100.00	NUM
ftr-433	422	45	90.91	90.91	NUM
ftr-433	422	46	9.10	9.10	NUM
ftr-433	422	47	100.00	100.00	NUM
ftr-433	422	48	4.56	4.56	NUM
ftr-433	422	49	95.48	95.48	NUM
ftr-433	422	50	2pv	2pv	NOUN
ftr-433	422	51	111.87	111.87	NUM
ftr-433	422	52	95.24	95.24	NUM
ftr-433	422	53	16.64	16.64	NUM
ftr-433	422	54	111.87	111.87	NUM
ftr-433	422	55	8.33	8.33	NUM
ftr-433	422	56	103.57	103.57	NUM
ftr-433	422	57	irr	irr	NOUN
ftr-433	422	58	10.00	10.00	NUM
ftr-433	422	59	%	%	NOUN
ftr-433	422	60	7.11	7.11	NUM
ftr-433	422	61	%	%	NOUN
ftr-433	422	62	the	the	DET
ftr-433	422	63	expensing	expense	VERB
ftr-433	422	64	cost	cost	NOUN
ftr-433	422	65	recovery	recovery	NOUN
ftr-433	422	66	method	method	NOUN
ftr-433	422	67	in	in	ADP
ftr-433	422	68	table	table	NOUN
ftr-433	422	69	4	4	NUM
ftr-433	422	70	expensing	expense	VERB
ftr-433	422	71	differs	differ	NOUN
ftr-433	422	72	from	from	ADP
ftr-433	422	73	the	the	DET
ftr-433	422	74	accelerated	accelerate	VERB
ftr-433	422	75	cost	cost	NOUN
ftr-433	422	76	recovery	recovery	NOUN
ftr-433	422	77	methods	method	NOUN
ftr-433	422	78	already	already	ADV
ftr-433	422	79	discussed	discuss	VERB
ftr-433	422	80	only	only	ADV
ftr-433	422	81	in	in	ADP
ftr-433	422	82	that	that	DET
ftr-433	422	83	much	much	ADV
ftr-433	422	84	more	more	ADJ
ftr-433	422	85	of	of	ADP
ftr-433	422	86	the	the	DET
ftr-433	422	87	recovery	recovery	NOUN
ftr-433	422	88	deduction	deduction	NOUN
ftr-433	422	89	“	"	PUNCT
ftr-433	422	90	stream	stream	NOUN
ftr-433	422	91	”	"	PUNCT
ftr-433	422	92	offsets	offset	NOUN
ftr-433	422	93	income	income	NOUN
ftr-433	422	94	other	other	ADJ
ftr-433	422	95	than	than	ADP
ftr-433	422	96	that	that	PRON
ftr-433	422	97	produced	produce	VERB
ftr-433	422	98	by	by	ADP
ftr-433	422	99	the	the	DET
ftr-433	422	100	investment	investment	NOUN
ftr-433	422	101	itself	itself	PRON
ftr-433	422	102	because	because	SCONJ
ftr-433	422	103	all	all	DET
ftr-433	422	104	cost	cost	NOUN
ftr-433	422	105	recovery	recovery	NOUN
ftr-433	422	106	occurs	occur	VERB
ftr-433	422	107	in	in	ADP
ftr-433	422	108	year	year	NOUN
ftr-433	422	109	1	1	NUM
ftr-433	422	110	.	.	PUNCT
ftr-433	423	1	however	however	ADV
ftr-433	423	2	,	,	PUNCT
ftr-433	423	3	the53	the53	PROPN
ftr-433	423	4	expensing	expensing	NOUN
ftr-433	423	5	demonstrated	demonstrate	VERB
ftr-433	423	6	in	in	ADP
ftr-433	423	7	table	table	NOUN
ftr-433	423	8	4	4	NUM
ftr-433	423	9	is	be	AUX
ftr-433	423	10	substantially	substantially	ADV
ftr-433	423	11	“	"	PUNCT
ftr-433	423	12	faster	fast	ADJ
ftr-433	423	13	”	"	PUNCT
ftr-433	423	14	financially	financially	ADV
ftr-433	423	15	than	than	ADP
ftr-433	423	16	any	any	DET
ftr-433	423	17	other	other	ADJ
ftr-433	423	18	form	form	NOUN
ftr-433	423	19	of	of	ADP
ftr-433	423	20	cost	cost	NOUN
ftr-433	423	21	recovery	recovery	NOUN
ftr-433	423	22	analyzed	analyze	VERB
ftr-433	423	23	so	so	ADV
ftr-433	423	24	far	far	ADV
ftr-433	423	25	when	when	SCONJ
ftr-433	423	26	applied	apply	VERB
ftr-433	423	27	to	to	ADP
ftr-433	423	28	identical	identical	ADJ
ftr-433	423	29	amounts	amount	NOUN
ftr-433	423	30	of	of	ADP
ftr-433	423	31	investment	investment	NOUN
ftr-433	423	32	.	.	PUNCT
ftr-433	424	1	for	for	ADP
ftr-433	424	2	example	example	NOUN
ftr-433	424	3	,	,	PUNCT
ftr-433	424	4	the	the	DET
ftr-433	424	5	after	after	ADP
ftr-433	424	6	-	-	PUNCT
ftr-433	424	7	tax	tax	NOUN
ftr-433	424	8	present	present	ADJ
ftr-433	424	9	value	value	NOUN
ftr-433	424	10	of	of	ADP
ftr-433	424	11	“	"	PUNCT
ftr-433	424	12	last	last	ADJ
ftr-433	424	13	day	day	NOUN
ftr-433	424	14	”	"	PUNCT
ftr-433	424	15	expensing54	expensing54	NOUN
ftr-433	424	16	(	(	PUNCT
ftr-433	424	17	$	$	SYM
ftr-433	424	18	95.24	95.24	NUM
ftr-433	424	19	)	)	PUNCT
ftr-433	424	20	exceeds	exceed	VERB
ftr-433	424	21	that	that	PRON
ftr-433	424	22	of	of	ADP
ftr-433	424	23	economic	economic	ADJ
ftr-433	424	24	depreciation	depreciation	NOUN
ftr-433	424	25	(	(	PUNCT
ftr-433	424	26	$	$	SYM
ftr-433	424	27	88.14	88.14	NUM
ftr-433	424	28	)	)	PUNCT
ftr-433	424	29	by	by	ADP
ftr-433	424	30	$	$	SYM
ftr-433	424	31	7.10	7.10	NUM
ftr-433	424	32	under	under	ADP
ftr-433	424	33	identical	identical	ADJ
ftr-433	424	34	economic	economic	ADJ
ftr-433	424	35	and	and	CCONJ
ftr-433	424	36	financial	financial	ADJ
ftr-433	424	37	circumstances	circumstance	NOUN
ftr-433	424	38	.	.	PUNCT
ftr-433	425	1	its	its	PRON
ftr-433	425	2	present	present	ADJ
ftr-433	425	3	value	value	NOUN
ftr-433	425	4	also	also	ADV
ftr-433	425	5	exceeds	exceed	VERB
ftr-433	425	6	those	those	PRON
ftr-433	425	7	of	of	ADP
ftr-433	425	8	acrs	acr	NOUN
ftr-433	425	9	and	and	CCONJ
ftr-433	425	10	macrs	macr	NOUN
ftr-433	425	11	,	,	PUNCT
ftr-433	425	12	although	although	SCONJ
ftr-433	425	13	by	by	ADP
ftr-433	425	14	lesser	less	ADJ
ftr-433	425	15	amounts	amount	NOUN
ftr-433	425	16	.	.	PUNCT
ftr-433	426	1	second	second	ADJ
ftr-433	426	2	,	,	PUNCT
ftr-433	426	3	the55	the55	NOUN
ftr-433	426	4	expensing	expense	VERB
ftr-433	426	5	in	in	ADP
ftr-433	426	6	table	table	NOUN
ftr-433	426	7	4	4	NUM
ftr-433	426	8	produces	produce	VERB
ftr-433	426	9	an	an	DET
ftr-433	426	10	after	after	ADP
ftr-433	426	11	-	-	PUNCT
ftr-433	426	12	tax	tax	NOUN
ftr-433	426	13	cash	cash	NOUN
ftr-433	426	14	flow	flow	NOUN
ftr-433	426	15	with	with	ADP
ftr-433	426	16	an	an	DET
ftr-433	426	17	after	after	ADP
ftr-433	426	18	-	-	PUNCT
ftr-433	426	19	tax	tax	NOUN
ftr-433	426	20	net	net	ADJ
ftr-433	426	21	present	present	ADJ
ftr-433	426	22	value	value	NOUN
ftr-433	426	23	of	of	ADP
ftr-433	426	24	$	$	SYM
ftr-433	426	25	3.57	3.57	NUM
ftr-433	426	26	,	,	PUNCT
ftr-433	426	27	which	which	PRON
ftr-433	426	28	is	be	AUX
ftr-433	426	29	much	much	ADV
ftr-433	426	30	greater	great	ADJ
ftr-433	426	31	than	than	ADP
ftr-433	426	32	that	that	PRON
ftr-433	426	33	produced	produce	VERB
ftr-433	426	34	by	by	ADP
ftr-433	426	35	the	the	DET
ftr-433	426	36	other	other	ADJ
ftr-433	426	37	cost	cost	NOUN
ftr-433	426	38	recovery	recovery	NOUN
ftr-433	426	39	methods	method	NOUN
ftr-433	426	40	.	.	PUNCT
ftr-433	427	1	third	third	ADJ
ftr-433	427	2	,	,	PUNCT
ftr-433	427	3	the	the	DET
ftr-433	427	4	internal	internal	ADJ
ftr-433	427	5	rate	rate	NOUN
ftr-433	427	6	of	of	ADP
ftr-433	427	7	return	return	NOUN
ftr-433	427	8	(	(	PUNCT
ftr-433	427	9	irr	irr	PROPN
ftr-433	427	10	)	)	PUNCT
ftr-433	427	11	of	of	ADP
ftr-433	427	12	the	the	DET
ftr-433	427	13	after-56	after-56	PROPN
ftr-433	427	14	2002	2002	NUM
ftr-433	427	15	]	]	PUNCT
ftr-433	427	16	normative	normative	ADJ
ftr-433	427	17	capital	capital	NOUN
ftr-433	427	18	cost	cost	NOUN
ftr-433	427	19	recovery	recovery	NOUN
ftr-433	427	20	485	485	NUM
ftr-433	427	21	2value	2value	NUM
ftr-433	427	22	(	(	PUNCT
ftr-433	427	23	cost	cost	NOUN
ftr-433	427	24	atcf	atcf	NOUN
ftr-433	427	25	pv	pv	PROPN
ftr-433	427	26	’s	’s	ADV
ftr-433	427	27	)	)	PUNCT
ftr-433	427	28	increases	increase	NOUN
ftr-433	427	29	.	.	PUNCT
ftr-433	428	1	see	see	VERB
ftr-433	428	2	supra	supra	PROPN
ftr-433	428	3	notes	note	VERB
ftr-433	428	4	45	45	NUM
ftr-433	428	5	-	-	SYM
ftr-433	428	6	48	48	NUM
ftr-433	428	7	and	and	CCONJ
ftr-433	428	8	accompanying	accompany	VERB
ftr-433	428	9	text	text	NOUN
ftr-433	428	10	.	.	PUNCT
ftr-433	429	1	57	57	NUM
ftr-433	429	2	.	.	PUNCT
ftr-433	430	1	this	this	DET
ftr-433	430	2	conclusion	conclusion	NOUN
ftr-433	430	3	is	be	AUX
ftr-433	430	4	dependent	dependent	ADJ
ftr-433	430	5	upon	upon	SCONJ
ftr-433	430	6	the	the	DET
ftr-433	430	7	timing	timing	NOUN
ftr-433	430	8	assumptions	assumption	NOUN
ftr-433	430	9	used	use	VERB
ftr-433	430	10	in	in	ADP
ftr-433	430	11	this	this	DET
ftr-433	430	12	article	article	NOUN
ftr-433	430	13	.	.	PUNCT
ftr-433	431	1	for	for	ADP
ftr-433	431	2	example	example	NOUN
ftr-433	431	3	,	,	PUNCT
ftr-433	431	4	if	if	SCONJ
ftr-433	431	5	one	one	PRON
ftr-433	431	6	assumes	assume	VERB
ftr-433	431	7	that	that	SCONJ
ftr-433	431	8	both	both	CCONJ
ftr-433	431	9	the	the	DET
ftr-433	431	10	$	$	SYM
ftr-433	431	11	100	100	NUM
ftr-433	431	12	investment	investment	NOUN
ftr-433	431	13	in	in	ADP
ftr-433	431	14	the	the	DET
ftr-433	431	15	asset	asset	NOUN
ftr-433	431	16	and	and	CCONJ
ftr-433	431	17	recovery	recovery	NOUN
ftr-433	431	18	are	be	AUX
ftr-433	431	19	made	make	VERB
ftr-433	431	20	on	on	ADP
ftr-433	431	21	the	the	DET
ftr-433	431	22	last	last	ADJ
ftr-433	431	23	day	day	NOUN
ftr-433	431	24	of	of	ADP
ftr-433	431	25	year	year	NOUN
ftr-433	431	26	1	1	NUM
ftr-433	431	27	,	,	PUNCT
ftr-433	431	28	the	the	DET
ftr-433	431	29	irr	irr	NOUN
ftr-433	431	30	of	of	ADP
ftr-433	431	31	the	the	DET
ftr-433	431	32	ptcf	ptcf	NOUN
ftr-433	431	33	and	and	CCONJ
ftr-433	431	34	atcf	atcf	VERB
ftr-433	431	35	each	each	PRON
ftr-433	431	36	become	become	VERB
ftr-433	431	37	18.14	18.14	NUM
ftr-433	431	38	%	%	NOUN
ftr-433	431	39	instead	instead	ADV
ftr-433	431	40	of	of	ADP
ftr-433	431	41	10	10	NUM
ftr-433	431	42	%	%	NOUN
ftr-433	431	43	.	.	PUNCT
ftr-433	432	1	on	on	ADP
ftr-433	432	2	the	the	DET
ftr-433	432	3	other	other	ADJ
ftr-433	432	4	hand	hand	NOUN
ftr-433	432	5	,	,	PUNCT
ftr-433	432	6	if	if	SCONJ
ftr-433	432	7	one	one	NUM
ftr-433	432	8	treats	treat	VERB
ftr-433	432	9	all	all	DET
ftr-433	432	10	recovery	recovery	NOUN
ftr-433	432	11	deductions	deduction	NOUN
ftr-433	432	12	as	as	ADP
ftr-433	432	13	occurring	occur	VERB
ftr-433	432	14	on	on	ADP
ftr-433	432	15	the	the	DET
ftr-433	432	16	first	first	ADJ
ftr-433	432	17	day	day	NOUN
ftr-433	432	18	of	of	ADP
ftr-433	432	19	each	each	DET
ftr-433	432	20	taxable	taxable	ADJ
ftr-433	432	21	year	year	NOUN
ftr-433	432	22	,	,	PUNCT
ftr-433	432	23	one	one	NUM
ftr-433	432	24	expenses	expense	VERB
ftr-433	432	25	the	the	DET
ftr-433	432	26	first	first	ADJ
ftr-433	432	27	year	year	NOUN
ftr-433	432	28	recovery	recovery	NOUN
ftr-433	432	29	deduction	deduction	NOUN
ftr-433	432	30	under	under	ADP
ftr-433	432	31	all	all	DET
ftr-433	432	32	recovery	recovery	NOUN
ftr-433	432	33	methods	method	NOUN
ftr-433	432	34	,	,	PUNCT
ftr-433	432	35	as	as	ADV
ftr-433	432	36	well	well	ADV
ftr-433	432	37	as	as	ADP
ftr-433	432	38	the	the	DET
ftr-433	432	39	real	real	ADJ
ftr-433	432	40	world	world	NOUN
ftr-433	432	41	expensing	expense	VERB
ftr-433	432	42	deduction	deduction	NOUN
ftr-433	432	43	portrayed	portray	VERB
ftr-433	432	44	in	in	ADP
ftr-433	432	45	table	table	NOUN
ftr-433	432	46	4	4	NUM
ftr-433	432	47	.	.	PUNCT
ftr-433	433	1	this	this	PRON
ftr-433	433	2	is	be	AUX
ftr-433	433	3	apparently	apparently	ADV
ftr-433	433	4	the	the	DET
ftr-433	433	5	method	method	NOUN
ftr-433	433	6	employed	employ	VERB
ftr-433	433	7	in	in	ADP
ftr-433	433	8	alan	alan	PROPN
ftr-433	433	9	j.	j.	PROPN
ftr-433	433	10	auerbach	auerbach	PROPN
ftr-433	433	11	,	,	PUNCT
ftr-433	433	12	the	the	DET
ftr-433	433	13	new	new	ADJ
ftr-433	433	14	economics	economic	NOUN
ftr-433	433	15	of	of	ADP
ftr-433	433	16	accelerated	accelerate	VERB
ftr-433	433	17	depreciation	depreciation	NOUN
ftr-433	433	18	,	,	PUNCT
ftr-433	433	19	23	23	NUM
ftr-433	433	20	b.c	b.c	PROPN
ftr-433	433	21	.	.	PROPN
ftr-433	433	22	l.	l.	PROPN
ftr-433	433	23	rev	rev	PROPN
ftr-433	433	24	.	.	PROPN
ftr-433	433	25	1327	1327	NUM
ftr-433	433	26	,	,	PUNCT
ftr-433	433	27	1346	1346	NUM
ftr-433	433	28	-	-	SYM
ftr-433	433	29	47	47	NUM
ftr-433	433	30	(	(	PUNCT
ftr-433	433	31	1982	1982	NUM
ftr-433	433	32	)	)	PUNCT
ftr-433	434	1	[	[	X
ftr-433	434	2	hereinafter	hereinafter	NOUN
ftr-433	434	3	auerbach	auerbach	PROPN
ftr-433	434	4	,	,	PUNCT
ftr-433	434	5	auerbach	auerbach	PROPN
ftr-433	434	6	convention	convention	PROPN
ftr-433	434	7	]	]	PUNCT
ftr-433	434	8	(	(	PUNCT
ftr-433	434	9	treating	treat	VERB
ftr-433	434	10	all	all	DET
ftr-433	434	11	recovery	recovery	NOUN
ftr-433	434	12	deductions	deduction	NOUN
ftr-433	434	13	as	as	ADP
ftr-433	434	14	being	be	AUX
ftr-433	434	15	effective	effective	ADJ
ftr-433	434	16	on	on	ADP
ftr-433	434	17	the	the	DET
ftr-433	434	18	first	first	ADJ
ftr-433	434	19	day	day	NOUN
ftr-433	434	20	of	of	ADP
ftr-433	434	21	each	each	DET
ftr-433	434	22	taxable	taxable	ADJ
ftr-433	434	23	year	year	NOUN
ftr-433	434	24	)	)	PUNCT
ftr-433	434	25	.	.	PUNCT
ftr-433	435	1	see	see	VERB
ftr-433	435	2	infra	infra	NOUN
ftr-433	435	3	note	note	VERB
ftr-433	435	4	60	60	NUM
ftr-433	435	5	.	.	PUNCT
ftr-433	436	1	under	under	ADP
ftr-433	436	2	neither	neither	DET
ftr-433	436	3	alternative	alternative	NOUN
ftr-433	436	4	are	be	AUX
ftr-433	436	5	the	the	DET
ftr-433	436	6	results	result	NOUN
ftr-433	436	7	even	even	ADV
ftr-433	436	8	close	close	ADJ
ftr-433	436	9	to	to	ADP
ftr-433	436	10	those	those	PRON
ftr-433	436	11	in	in	ADP
ftr-433	436	12	table	table	NOUN
ftr-433	436	13	4	4	NUM
ftr-433	436	14	.	.	X
ftr-433	436	15	58	58	NUM
ftr-433	436	16	.	.	PUNCT
ftr-433	437	1	see	see	VERB
ftr-433	437	2	alvin	alvin	PROPN
ftr-433	437	3	c.	c.	PROPN
ftr-433	437	4	warren	warren	PROPN
ftr-433	437	5	,	,	PUNCT
ftr-433	437	6	jr	jr	PROPN
ftr-433	437	7	.	.	PROPN
ftr-433	437	8	,	,	PUNCT
ftr-433	437	9	accelerated	accelerate	VERB
ftr-433	437	10	capital	capital	NOUN
ftr-433	437	11	recovery	recovery	NOUN
ftr-433	437	12	,	,	PUNCT
ftr-433	437	13	debt	debt	NOUN
ftr-433	437	14	,	,	PUNCT
ftr-433	437	15	and	and	CCONJ
ftr-433	437	16	tax	tax	NOUN
ftr-433	437	17	arbitrage	arbitrage	NOUN
ftr-433	437	18	,	,	PUNCT
ftr-433	437	19	38	38	NUM
ftr-433	437	20	tax	tax	NOUN
ftr-433	437	21	law	law	NOUN
ftr-433	437	22	549	549	NUM
ftr-433	437	23	,	,	PUNCT
ftr-433	437	24	555	555	NUM
ftr-433	437	25	(	(	PUNCT
ftr-433	437	26	1985	1985	NUM
ftr-433	437	27	)	)	PUNCT
ftr-433	438	1	[	[	X
ftr-433	438	2	hereinafter	hereinafter	NOUN
ftr-433	438	3	warren	warren	NOUN
ftr-433	438	4	,	,	PUNCT
ftr-433	438	5	arbitrage	arbitrage	NOUN
ftr-433	438	6	]	]	PUNCT
ftr-433	438	7	.	.	PUNCT
ftr-433	439	1	59	59	NUM
ftr-433	439	2	.	.	PUNCT
ftr-433	440	1	i	i	PRON
ftr-433	440	2	d.	d.	PROPN
ftr-433	440	3	at	at	ADP
ftr-433	440	4	555	555	NUM
ftr-433	440	5	(	(	PUNCT
ftr-433	440	6	emphasis	emphasis	NOUN
ftr-433	440	7	added	add	VERB
ftr-433	440	8	)	)	PUNCT
ftr-433	440	9	.	.	PUNCT
ftr-433	441	1	tax	tax	NOUN
ftr-433	441	2	cash	cash	NOUN
ftr-433	441	3	flow	flow	NOUN
ftr-433	441	4	increases	increase	NOUN
ftr-433	441	5	to	to	ADP
ftr-433	441	6	7.11	7.11	NUM
ftr-433	441	7	%	%	NOUN
ftr-433	441	8	and	and	CCONJ
ftr-433	441	9	therefore	therefore	ADV
ftr-433	441	10	reduces	reduce	VERB
ftr-433	441	11	the	the	DET
ftr-433	441	12	irr	irr	NOUN
ftr-433	441	13	effective	effective	ADJ
ftr-433	441	14	tax	tax	NOUN
ftr-433	441	15	rate	rate	NOUN
ftr-433	441	16	to	to	ADP
ftr-433	441	17	only	only	ADV
ftr-433	441	18	28.9	28.9	NUM
ftr-433	441	19	%	%	NOUN
ftr-433	441	20	.	.	PUNCT
ftr-433	442	1	the	the	DET
ftr-433	442	2	expensing	expensing	NOUN
ftr-433	442	3	in	in	ADP
ftr-433	442	4	table	table	NOUN
ftr-433	442	5	4	4	NUM
ftr-433	442	6	is	be	AUX
ftr-433	442	7	clearly	clearly	ADV
ftr-433	442	8	the	the	DET
ftr-433	442	9	“	"	PUNCT
ftr-433	442	10	fastest	fast	ADJ
ftr-433	442	11	”	"	PUNCT
ftr-433	442	12	of	of	ADP
ftr-433	442	13	any	any	DET
ftr-433	442	14	cost	cost	NOUN
ftr-433	442	15	recovery	recovery	NOUN
ftr-433	442	16	method	method	NOUN
ftr-433	442	17	yet	yet	ADV
ftr-433	442	18	considered	consider	VERB
ftr-433	442	19	under	under	ADP
ftr-433	442	20	the	the	DET
ftr-433	442	21	circumstances	circumstance	NOUN
ftr-433	442	22	used	use	VERB
ftr-433	442	23	in	in	ADP
ftr-433	442	24	comparing	compare	VERB
ftr-433	442	25	all	all	DET
ftr-433	442	26	cost	cost	NOUN
ftr-433	442	27	recovery	recovery	NOUN
ftr-433	442	28	methods	method	NOUN
ftr-433	442	29	so	so	ADV
ftr-433	442	30	far	far	ADV
ftr-433	442	31	.	.	PUNCT
ftr-433	443	1	note	note	VERB
ftr-433	443	2	,	,	PUNCT
ftr-433	443	3	however	however	ADV
ftr-433	443	4	,	,	PUNCT
ftr-433	443	5	that	that	SCONJ
ftr-433	443	6	the	the	DET
ftr-433	443	7	nominal	nominal	ADJ
ftr-433	443	8	amounts	amount	VERB
ftr-433	443	9	of57	of57	PROPN
ftr-433	443	10	taxable	taxable	ADJ
ftr-433	443	11	income	income	NOUN
ftr-433	443	12	(	(	PUNCT
ftr-433	443	13	$	$	SYM
ftr-433	443	14	26.20	26.20	NUM
ftr-433	443	15	)	)	PUNCT
ftr-433	443	16	,	,	PUNCT
ftr-433	443	17	tax	tax	NOUN
ftr-433	443	18	paid	pay	VERB
ftr-433	443	19	(	(	PUNCT
ftr-433	443	20	$	$	SYM
ftr-433	443	21	13.10	13.10	NUM
ftr-433	443	22	)	)	PUNCT
ftr-433	443	23	and	and	CCONJ
ftr-433	443	24	after	after	ADP
ftr-433	443	25	-	-	PUNCT
ftr-433	443	26	tax	tax	NOUN
ftr-433	443	27	cash	cash	NOUN
ftr-433	443	28	flow	flow	NOUN
ftr-433	443	29	(	(	PUNCT
ftr-433	443	30	$	$	SYM
ftr-433	443	31	113.10	113.10	NUM
ftr-433	443	32	)	)	PUNCT
ftr-433	443	33	in	in	ADP
ftr-433	443	34	table	table	NOUN
ftr-433	443	35	4	4	NUM
ftr-433	443	36	are	be	AUX
ftr-433	443	37	identical	identical	ADJ
ftr-433	443	38	to	to	ADP
ftr-433	443	39	those	those	PRON
ftr-433	443	40	in	in	ADP
ftr-433	443	41	table	table	NOUN
ftr-433	443	42	1	1	NUM
ftr-433	443	43	(	(	PUNCT
ftr-433	443	44	economic	economic	ADJ
ftr-433	443	45	depreciation	depreciation	NOUN
ftr-433	443	46	)	)	PUNCT
ftr-433	443	47	,	,	PUNCT
ftr-433	443	48	table	table	NOUN
ftr-433	443	49	2	2	NUM
ftr-433	443	50	(	(	PUNCT
ftr-433	443	51	acrs	acrs	NOUN
ftr-433	443	52	)	)	PUNCT
ftr-433	443	53	and	and	CCONJ
ftr-433	443	54	table	table	NOUN
ftr-433	443	55	3	3	NUM
ftr-433	443	56	(	(	PUNCT
ftr-433	443	57	macrs	macrs	NOUN
ftr-433	443	58	)	)	PUNCT
ftr-433	443	59	,	,	PUNCT
ftr-433	443	60	respectively	respectively	ADV
ftr-433	443	61	.	.	PUNCT
ftr-433	444	1	under	under	ADP
ftr-433	444	2	the	the	DET
ftr-433	444	3	assumptions	assumption	NOUN
ftr-433	444	4	employed	employ	VERB
ftr-433	444	5	so	so	ADV
ftr-433	444	6	far	far	ADV
ftr-433	444	7	,	,	PUNCT
ftr-433	444	8	expensing	expense	VERB
ftr-433	444	9	as	as	ADP
ftr-433	444	10	a	a	DET
ftr-433	444	11	cost	cost	NOUN
ftr-433	444	12	recovery	recovery	NOUN
ftr-433	444	13	method	method	NOUN
ftr-433	444	14	clearly	clearly	ADV
ftr-433	444	15	affects	affect	VERB
ftr-433	444	16	only	only	ADV
ftr-433	444	17	the	the	DET
ftr-433	444	18	financial	financial	ADJ
ftr-433	444	19	effects	effect	NOUN
ftr-433	444	20	of	of	ADP
ftr-433	444	21	a	a	DET
ftr-433	444	22	given	give	VERB
ftr-433	444	23	asset	asset	NOUN
ftr-433	444	24	investment	investment	NOUN
ftr-433	444	25	rather	rather	ADV
ftr-433	444	26	than	than	ADP
ftr-433	444	27	the	the	DET
ftr-433	444	28	economic	economic	ADJ
ftr-433	444	29	effects	effect	NOUN
ftr-433	444	30	.	.	PUNCT
ftr-433	445	1	d.	d.	PROPN
ftr-433	445	2	theoretical	theoretical	ADJ
ftr-433	445	3	instantaneous	instantaneous	ADJ
ftr-433	445	4	expensing	expensing	NOUN
ftr-433	445	5	in	in	ADP
ftr-433	445	6	theory	theory	NOUN
ftr-433	445	7	and	and	CCONJ
ftr-433	445	8	purely	purely	ADV
ftr-433	445	9	from	from	ADP
ftr-433	445	10	a	a	DET
ftr-433	445	11	tax	tax	NOUN
ftr-433	445	12	base	base	NOUN
ftr-433	445	13	accounting	accounting	NOUN
ftr-433	445	14	standpoint	standpoint	NOUN
ftr-433	445	15	,	,	PUNCT
ftr-433	445	16	expensing	expense	VERB
ftr-433	445	17	can	can	AUX
ftr-433	445	18	be	be	AUX
ftr-433	445	19	viewed	view	VERB
ftr-433	445	20	as	as	ADP
ftr-433	445	21	a	a	DET
ftr-433	445	22	recovery	recovery	NOUN
ftr-433	445	23	method	method	NOUN
ftr-433	445	24	that	that	PRON
ftr-433	445	25	differs	differ	VERB
ftr-433	445	26	only	only	ADV
ftr-433	445	27	in	in	ADP
ftr-433	445	28	timing	timing	NOUN
ftr-433	445	29	from	from	ADP
ftr-433	445	30	other	other	ADJ
ftr-433	445	31	cost	cost	NOUN
ftr-433	445	32	recovery	recovery	NOUN
ftr-433	445	33	methods	method	NOUN
ftr-433	445	34	.	.	PUNCT
ftr-433	446	1	for	for	ADP
ftr-433	446	2	example	example	NOUN
ftr-433	446	3	,	,	PUNCT
ftr-433	446	4	according	accord	VERB
ftr-433	446	5	to	to	ADP
ftr-433	446	6	professor	professor	NOUN
ftr-433	446	7	warren	warren	PROPN
ftr-433	446	8	,	,	PUNCT
ftr-433	446	9	“	"	PUNCT
ftr-433	446	10	expensing	expense	VERB
ftr-433	446	11	and	and	CCONJ
ftr-433	446	12	economic	economic	ADJ
ftr-433	446	13	depreciation	depreciation	NOUN
ftr-433	446	14	can	can	AUX
ftr-433	446	15	be	be	AUX
ftr-433	446	16	regarded	regard	VERB
ftr-433	446	17	as	as	ADP
ftr-433	446	18	points	point	NOUN
ftr-433	446	19	along	along	ADP
ftr-433	446	20	a	a	DET
ftr-433	446	21	continuum	continuum	NOUN
ftr-433	446	22	,	,	PUNCT
ftr-433	446	23	with	with	ADP
ftr-433	446	24	depreciation	depreciation	NOUN
ftr-433	446	25	systems	system	NOUN
ftr-433	446	26	that	that	PRON
ftr-433	446	27	are	be	AUX
ftr-433	446	28	accelerated	accelerate	VERB
ftr-433	446	29	relative	relative	ADV
ftr-433	446	30	to	to	ADP
ftr-433	446	31	economic	economic	ADJ
ftr-433	446	32	depreciation	depreciation	NOUN
ftr-433	446	33	fallin	fallin	NOUN
ftr-433	446	34	between	between	ADP
ftr-433	446	35	these	these	DET
ftr-433	446	36	two	two	NUM
ftr-433	446	37	points	point	NOUN
ftr-433	446	38	.	.	PUNCT
ftr-433	446	39	”	"	PUNCT
ftr-433	447	1	as	as	SCONJ
ftr-433	447	2	warren	warren	PROPN
ftr-433	447	3	further	far	ADV
ftr-433	447	4	notes	note	VERB
ftr-433	447	5	,	,	PUNCT
ftr-433	447	6	“	"	PUNCT
ftr-433	447	7	[	[	X
ftr-433	447	8	e]xpensing	e]xpense	VERB
ftr-433	447	9	can58	can58	ADJ
ftr-433	447	10	thus	thus	ADV
ftr-433	447	11	be	be	AUX
ftr-433	447	12	characterized	characterize	VERB
ftr-433	447	13	as	as	SCONJ
ftr-433	447	14	extremely	extremely	ADV
ftr-433	447	15	accelerated	accelerate	VERB
ftr-433	447	16	,	,	PUNCT
ftr-433	447	17	or	or	CCONJ
ftr-433	447	18	.	.	PUNCT
ftr-433	447	19	.	.	PUNCT
ftr-433	448	1	.‘instantaneous	.‘instantaneous	NOUN
ftr-433	448	2	’	'	PUNCT
ftr-433	448	3	depreciation	depreciation	NOUN
ftr-433	448	4	.	.	PUNCT
ftr-433	448	5	”	"	PUNCT
ftr-433	449	1	this	this	DET
ftr-433	449	2	section	section	NOUN
ftr-433	449	3	of	of	ADP
ftr-433	449	4	the	the	DET
ftr-433	449	5	article	article	NOUN
ftr-433	449	6	constructs	construct	VERB
ftr-433	449	7	a	a	DET
ftr-433	449	8	model	model	NOUN
ftr-433	449	9	of	of	ADP
ftr-433	449	10	theoretical59	theoretical59	NOUN
ftr-433	449	11	instantaneous	instantaneous	ADJ
ftr-433	449	12	expensing	expensing	NOUN
ftr-433	449	13	.	.	PUNCT
ftr-433	450	1	given	give	VERB
ftr-433	450	2	the	the	DET
ftr-433	450	3	timing	timing	NOUN
ftr-433	450	4	assumptions	assumption	NOUN
ftr-433	450	5	used	use	VERB
ftr-433	450	6	in	in	ADP
ftr-433	450	7	this	this	DET
ftr-433	450	8	article	article	NOUN
ftr-433	450	9	’s	’s	PART
ftr-433	450	10	analytical	analytical	ADJ
ftr-433	450	11	model	model	NOUN
ftr-433	450	12	,	,	PUNCT
ftr-433	450	13	instantaneously	instantaneously	ADV
ftr-433	450	14	expensing	expense	VERB
ftr-433	450	15	the	the	DET
ftr-433	450	16	cost	cost	NOUN
ftr-433	450	17	of	of	ADP
ftr-433	450	18	an	an	DET
ftr-433	450	19	asset	asset	NOUN
ftr-433	450	20	financially	financially	ADV
ftr-433	450	21	requires	require	VERB
ftr-433	450	22	deducting	deduct	VERB
ftr-433	450	23	that	that	DET
ftr-433	450	24	cost	cost	NOUN
ftr-433	450	25	at	at	ADP
ftr-433	450	26	the	the	DET
ftr-433	450	27	exact	exact	ADJ
ftr-433	450	28	moment	moment	NOUN
ftr-433	450	29	of	of	ADP
ftr-433	450	30	the	the	DET
ftr-433	450	31	asset	asset	NOUN
ftr-433	450	32	’s	’s	PART
ftr-433	450	33	acquisition	acquisition	NOUN
ftr-433	450	34	.	.	PUNCT
ftr-433	451	1	in	in	ADP
ftr-433	451	2	constructing	construct	VERB
ftr-433	451	3	a	a	DET
ftr-433	451	4	basic	basic	ADJ
ftr-433	451	5	model	model	NOUN
ftr-433	451	6	of	of	ADP
ftr-433	451	7	theoretical	theoretical	ADJ
ftr-433	451	8	instantaneous	instantaneous	ADJ
ftr-433	451	9	expensing	expensing	NOUN
ftr-433	451	10	as	as	ADP
ftr-433	451	11	a	a	DET
ftr-433	451	12	rbit	rbit	NOUN
ftr-433	451	13	base	base	NOUN
ftr-433	451	14	cost	cost	NOUN
ftr-433	451	15	recovery	recovery	NOUN
ftr-433	451	16	method	method	NOUN
ftr-433	451	17	,	,	PUNCT
ftr-433	451	18	this	this	DET
ftr-433	451	19	article	article	NOUN
ftr-433	451	20	assumes	assume	VERB
ftr-433	451	21	that	that	SCONJ
ftr-433	451	22	expensing	expense	VERB
ftr-433	451	23	takes	take	VERB
ftr-433	451	24	effect	effect	NOUN
ftr-433	451	25	precisely	precisely	ADV
ftr-433	451	26	at	at	ADP
ftr-433	451	27	the	the	DET
ftr-433	451	28	time	time	NOUN
ftr-433	451	29	of	of	ADP
ftr-433	451	30	486	486	NUM
ftr-433	451	31	florida	florida	PROPN
ftr-433	451	32	tax	tax	NOUN
ftr-433	451	33	review	review	NOUN
ftr-433	451	34	[	[	X
ftr-433	451	35	vol	vol	NOUN
ftr-433	451	36	.	.	PUNCT
ftr-433	451	37	5:7	5:7	NUM
ftr-433	451	38	60	60	NUM
ftr-433	451	39	.	.	PUNCT
ftr-433	452	1	alternative	alternative	ADJ
ftr-433	452	2	conventions	convention	NOUN
ftr-433	452	3	could	could	AUX
ftr-433	452	4	be	be	AUX
ftr-433	452	5	applied	apply	VERB
ftr-433	452	6	.	.	PUNCT
ftr-433	453	1	e.g.	e.g.	ADV
ftr-433	453	2	,	,	PUNCT
ftr-433	453	3	auerbach	auerbach	PROPN
ftr-433	453	4	,	,	PUNCT
ftr-433	453	5	auerbach	auerbach	PROPN
ftr-433	453	6	convention	convention	PROPN
ftr-433	453	7	,	,	PUNCT
ftr-433	453	8	supra	supra	PROPN
ftr-433	453	9	note	note	PROPN
ftr-433	453	10	57	57	NUM
ftr-433	453	11	,	,	PUNCT
ftr-433	453	12	at	at	ADP
ftr-433	453	13	1346	1346	NUM
ftr-433	453	14	-	-	SYM
ftr-433	453	15	47	47	NUM
ftr-433	453	16	(	(	PUNCT
ftr-433	453	17	treating	treat	VERB
ftr-433	453	18	investment	investment	NOUN
ftr-433	453	19	and	and	CCONJ
ftr-433	453	20	all	all	DET
ftr-433	453	21	recovery	recovery	NOUN
ftr-433	453	22	deductions	deduction	NOUN
ftr-433	453	23	as	as	ADP
ftr-433	453	24	being	be	AUX
ftr-433	453	25	effective	effective	ADJ
ftr-433	453	26	on	on	ADP
ftr-433	453	27	the	the	DET
ftr-433	453	28	first	first	ADJ
ftr-433	453	29	day	day	NOUN
ftr-433	453	30	of	of	ADP
ftr-433	453	31	each	each	DET
ftr-433	453	32	taxable	taxable	ADJ
ftr-433	453	33	year	year	NOUN
ftr-433	453	34	)	)	PUNCT
ftr-433	453	35	.	.	PUNCT
ftr-433	454	1	61	61	NUM
ftr-433	454	2	.	.	X
ftr-433	454	3	compare	compare	VERB
ftr-433	454	4	supra	supra	PROPN
ftr-433	454	5	note	note	PROPN
ftr-433	454	6	52	52	NUM
ftr-433	454	7	,	,	PUNCT
ftr-433	454	8	where	where	SCONJ
ftr-433	454	9	the	the	DET
ftr-433	454	10	impact	impact	NOUN
ftr-433	454	11	of	of	ADP
ftr-433	454	12	expensing	expense	VERB
ftr-433	454	13	on	on	ADP
ftr-433	454	14	estimated	estimate	VERB
ftr-433	454	15	tax	tax	NOUN
ftr-433	454	16	liability	liability	NOUN
ftr-433	454	17	was	be	AUX
ftr-433	454	18	ignored	ignore	VERB
ftr-433	454	19	for	for	ADP
ftr-433	454	20	purposes	purpose	NOUN
ftr-433	454	21	of	of	ADP
ftr-433	454	22	analyzing	analyze	VERB
ftr-433	454	23	“	"	PUNCT
ftr-433	454	24	year	year	NOUN
ftr-433	454	25	end	end	NOUN
ftr-433	454	26	”	"	PUNCT
ftr-433	454	27	expensing	expense	VERB
ftr-433	454	28	.	.	PUNCT
ftr-433	455	1	62	62	NUM
ftr-433	455	2	.	.	PUNCT
ftr-433	456	1	by	by	ADP
ftr-433	456	2	necessity	necessity	NOUN
ftr-433	456	3	,	,	PUNCT
ftr-433	456	4	the	the	DET
ftr-433	456	5	analysis	analysis	NOUN
ftr-433	456	6	temporarily	temporarily	ADV
ftr-433	456	7	begs	beg	VERB
ftr-433	456	8	,	,	PUNCT
ftr-433	456	9	for	for	ADP
ftr-433	456	10	the	the	DET
ftr-433	456	11	moment	moment	NOUN
ftr-433	456	12	,	,	PUNCT
ftr-433	456	13	the	the	DET
ftr-433	456	14	question	question	NOUN
ftr-433	456	15	of	of	ADP
ftr-433	456	16	how	how	SCONJ
ftr-433	456	17	much	much	ADJ
ftr-433	456	18	economic	economic	ADJ
ftr-433	456	19	investment	investment	NOUN
ftr-433	456	20	can	can	AUX
ftr-433	456	21	be	be	AUX
ftr-433	456	22	made	make	VERB
ftr-433	456	23	under	under	ADP
ftr-433	456	24	an	an	DET
ftr-433	456	25	expensing	expense	VERB
ftr-433	456	26	regime	regime	NOUN
ftr-433	456	27	within	within	ADP
ftr-433	456	28	a	a	DET
ftr-433	456	29	hit	hit	VERB
ftr-433	456	30	base	base	NOUN
ftr-433	456	31	.	.	PUNCT
ftr-433	457	1	this	this	DET
ftr-433	457	2	subject	subject	NOUN
ftr-433	457	3	is	be	AUX
ftr-433	457	4	discussed	discuss	VERB
ftr-433	457	5	in	in	ADP
ftr-433	457	6	infra	infra	NOUN
ftr-433	457	7	part	part	NOUN
ftr-433	457	8	iv.b	iv.b	PROPN
ftr-433	457	9	.	.	PROPN
ftr-433	457	10	,	,	PUNCT
ftr-433	457	11	when	when	SCONJ
ftr-433	457	12	the	the	DET
ftr-433	457	13	question	question	NOUN
ftr-433	457	14	is	be	AUX
ftr-433	457	15	considered	consider	VERB
ftr-433	457	16	in	in	ADP
ftr-433	457	17	the	the	DET
ftr-433	457	18	context	context	NOUN
ftr-433	457	19	of	of	ADP
ftr-433	457	20	earnings	earning	NOUN
ftr-433	457	21	-	-	PUNCT
ftr-433	457	22	financed	finance	VERB
ftr-433	457	23	investment	investment	NOUN
ftr-433	457	24	.	.	PUNCT
ftr-433	458	1	63	63	NUM
ftr-433	458	2	.	.	PUNCT
ftr-433	459	1	e.g.	e.g.	ADV
ftr-433	459	2	,	,	PUNCT
ftr-433	459	3	steines	steine	NOUN
ftr-433	459	4	,	,	PUNCT
ftr-433	459	5	cost	cost	NOUN
ftr-433	459	6	recovery	recovery	NOUN
ftr-433	459	7	,	,	PUNCT
ftr-433	459	8	supra	supra	PROPN
ftr-433	459	9	note	note	NOUN
ftr-433	459	10	27	27	NUM
ftr-433	459	11	,	,	PUNCT
ftr-433	459	12	at	at	ADP
ftr-433	459	13	508	508	NUM
ftr-433	459	14	n.54	n.54	NOUN
ftr-433	459	15	.	.	PROPN
ftr-433	459	16	64	64	NUM
ftr-433	459	17	.	.	PUNCT
ftr-433	460	1	all	all	DET
ftr-433	460	2	tax	tax	NOUN
ftr-433	460	3	and	and	CCONJ
ftr-433	460	4	financial	financial	ADJ
ftr-433	460	5	events	event	NOUN
ftr-433	460	6	(	(	PUNCT
ftr-433	460	7	other	other	ADJ
ftr-433	460	8	than	than	ADP
ftr-433	460	9	time	time	NOUN
ftr-433	460	10	0	0	NUM
ftr-433	460	11	investment	investment	NOUN
ftr-433	460	12	and	and	CCONJ
ftr-433	460	13	the	the	DET
ftr-433	460	14	expensing	expense	VERB
ftr-433	460	15	deduction	deduction	NOUN
ftr-433	460	16	)	)	PUNCT
ftr-433	460	17	in	in	ADP
ftr-433	460	18	the	the	DET
ftr-433	460	19	cycle	cycle	NOUN
ftr-433	460	20	:	:	PUNCT
ftr-433	460	21	earnings	earning	NOUN
ftr-433	460	22	tax	tax	NOUN
ftr-433	460	23	=	=	NOUN
ftr-433	460	24	investment	investment	NOUN
ftr-433	460	25	x	x	PUNCT
ftr-433	460	26	yield	yield	NOUN
ftr-433	460	27	rate	rate	NOUN
ftr-433	460	28	=	=	SYM
ftr-433	460	29	yield	yield	NOUN
ftr-433	460	30	tax	tax	NOUN
ftr-433	460	31	=	=	NOUN
ftr-433	460	32	atcf	atcf	NOUN
ftr-433	460	33	occur	occur	VERB
ftr-433	460	34	on	on	ADP
ftr-433	460	35	the	the	DET
ftr-433	460	36	last	last	ADJ
ftr-433	460	37	day	day	NOUN
ftr-433	460	38	of	of	ADP
ftr-433	460	39	taxable	taxable	ADJ
ftr-433	460	40	years	year	NOUN
ftr-433	460	41	1	1	NUM
ftr-433	460	42	through	through	ADP
ftr-433	460	43	4	4	NUM
ftr-433	460	44	.	.	PUNCT
ftr-433	461	1	this	this	PRON
ftr-433	461	2	includes	include	VERB
ftr-433	461	3	receipts	receipt	NOUN
ftr-433	461	4	,	,	PUNCT
ftr-433	461	5	payments	payment	NOUN
ftr-433	461	6	,	,	PUNCT
ftr-433	461	7	and	and	CCONJ
ftr-433	461	8	non	non	ADJ
ftr-433	461	9	-	-	ADJ
ftr-433	461	10	cash	cash	ADJ
ftr-433	461	11	items	item	NOUN
ftr-433	461	12	such	such	ADJ
ftr-433	461	13	as	as	ADP
ftr-433	461	14	recovery	recovery	NOUN
ftr-433	461	15	deductions	deduction	NOUN
ftr-433	461	16	.	.	PUNCT
ftr-433	462	1	see	see	VERB
ftr-433	462	2	supra	supra	PROPN
ftr-433	462	3	notes	note	VERB
ftr-433	462	4	31	31	NUM
ftr-433	462	5	-	-	SYM
ftr-433	462	6	32	32	NUM
ftr-433	462	7	and	and	CCONJ
ftr-433	462	8	accompanying	accompany	VERB
ftr-433	462	9	text	text	NOUN
ftr-433	462	10	.	.	PUNCT
ftr-433	463	1	65	65	NUM
ftr-433	463	2	.	.	PUNCT
ftr-433	464	1	the	the	DET
ftr-433	464	2	real	real	ADJ
ftr-433	464	3	world	world	NOUN
ftr-433	464	4	situation	situation	NOUN
ftr-433	464	5	most	most	ADV
ftr-433	464	6	closely	closely	ADV
ftr-433	464	7	approximating	approximate	VERB
ftr-433	464	8	these	these	DET
ftr-433	464	9	theoretical	theoretical	ADJ
ftr-433	464	10	conditions	condition	NOUN
ftr-433	464	11	would	would	AUX
ftr-433	464	12	be	be	AUX
ftr-433	464	13	the	the	DET
ftr-433	464	14	purchase	purchase	NOUN
ftr-433	464	15	and	and	CCONJ
ftr-433	464	16	expensing	expensing	NOUN
ftr-433	464	17	of	of	ADP
ftr-433	464	18	an	an	DET
ftr-433	464	19	asset	asset	NOUN
ftr-433	464	20	on	on	ADP
ftr-433	464	21	the	the	DET
ftr-433	464	22	very	very	ADV
ftr-433	464	23	last	last	ADJ
ftr-433	464	24	day	day	NOUN
ftr-433	464	25	of	of	ADP
ftr-433	464	26	one	one	NUM
ftr-433	464	27	taxable	taxable	ADJ
ftr-433	464	28	year	year	NOUN
ftr-433	464	29	followed	follow	VERB
ftr-433	464	30	by	by	ADP
ftr-433	464	31	four	four	NUM
ftr-433	464	32	subsequent	subsequent	ADJ
ftr-433	464	33	calendar	calendar	NOUN
ftr-433	464	34	years	year	NOUN
ftr-433	464	35	of	of	ADP
ftr-433	464	36	income	income	NOUN
ftr-433	464	37	production	production	NOUN
ftr-433	464	38	.	.	PUNCT
ftr-433	465	1	in	in	ADP
ftr-433	465	2	that	that	DET
ftr-433	465	3	event	event	NOUN
ftr-433	465	4	,	,	PUNCT
ftr-433	465	5	the	the	DET
ftr-433	465	6	expensing	expense	VERB
ftr-433	465	7	deduction	deduction	NOUN
ftr-433	465	8	would	would	AUX
ftr-433	465	9	be	be	AUX
ftr-433	465	10	accounted	account	VERB
ftr-433	465	11	for	for	ADP
ftr-433	465	12	in	in	ADP
ftr-433	465	13	the	the	DET
ftr-433	465	14	first	first	ADJ
ftr-433	465	15	year	year	NOUN
ftr-433	465	16	,	,	PUNCT
ftr-433	465	17	while	while	SCONJ
ftr-433	465	18	the	the	DET
ftr-433	465	19	asset	asset	NOUN
ftr-433	465	20	would	would	AUX
ftr-433	465	21	produce	produce	VERB
ftr-433	465	22	a	a	DET
ftr-433	465	23	four	four	NUM
ftr-433	465	24	-	-	PUNCT
ftr-433	465	25	year	year	NOUN
ftr-433	465	26	income	income	NOUN
ftr-433	465	27	stream	stream	NOUN
ftr-433	465	28	similar	similar	ADJ
ftr-433	465	29	to	to	ADP
ftr-433	465	30	that	that	PRON
ftr-433	465	31	used	use	VERB
ftr-433	465	32	in	in	ADP
ftr-433	465	33	these	these	DET
ftr-433	465	34	tables	table	NOUN
ftr-433	465	35	.	.	PUNCT
ftr-433	466	1	see	see	VERB
ftr-433	466	2	table	table	NOUN
ftr-433	466	3	5	5	NUM
ftr-433	466	4	.	.	PUNCT
ftr-433	467	1	however	however	ADV
ftr-433	467	2	,	,	PUNCT
ftr-433	467	3	it	it	PRON
ftr-433	467	4	is	be	AUX
ftr-433	467	5	unlikely	unlikely	ADJ
ftr-433	467	6	that	that	SCONJ
ftr-433	467	7	even	even	ADV
ftr-433	467	8	this	this	DET
ftr-433	467	9	situation	situation	NOUN
ftr-433	467	10	would	would	AUX
ftr-433	467	11	exactly	exactly	ADV
ftr-433	467	12	replicate	replicate	VERB
ftr-433	467	13	the	the	DET
ftr-433	467	14	financial	financial	ADJ
ftr-433	467	15	characteristics	characteristic	NOUN
ftr-433	467	16	of	of	ADP
ftr-433	467	17	theoretical	theoretical	ADJ
ftr-433	467	18	instantaneous	instantaneous	ADJ
ftr-433	467	19	expensing	expensing	NOUN
ftr-433	467	20	because	because	SCONJ
ftr-433	467	21	tax	tax	NOUN
ftr-433	467	22	liabilities	liability	NOUN
ftr-433	467	23	,	,	PUNCT
ftr-433	467	24	and	and	CCONJ
ftr-433	467	25	therefore	therefore	ADV
ftr-433	467	26	savings	saving	NOUN
ftr-433	467	27	,	,	PUNCT
ftr-433	467	28	do	do	AUX
ftr-433	467	29	not	not	PART
ftr-433	467	30	become	become	AUX
ftr-433	467	31	fixed	fix	VERB
ftr-433	467	32	legally	legally	ADV
ftr-433	467	33	until	until	ADP
ftr-433	467	34	some	some	DET
ftr-433	467	35	time	time	NOUN
ftr-433	467	36	after	after	SCONJ
ftr-433	467	37	investment	investment	NOUN
ftr-433	467	38	in	in	ADP
ftr-433	467	39	an	an	DET
ftr-433	467	40	asset	asset	NOUN
ftr-433	467	41	occurs	occur	VERB
ftr-433	467	42	,	,	PUNCT
ftr-433	467	43	even	even	ADV
ftr-433	467	44	if	if	SCONJ
ftr-433	467	45	that	that	DET
ftr-433	467	46	investment	investment	NOUN
ftr-433	467	47	occurs	occur	VERB
ftr-433	467	48	on	on	ADP
ftr-433	467	49	the	the	DET
ftr-433	467	50	last	last	ADJ
ftr-433	467	51	day	day	NOUN
ftr-433	467	52	of	of	ADP
ftr-433	467	53	a	a	DET
ftr-433	467	54	taxable	taxable	ADJ
ftr-433	467	55	year	year	NOUN
ftr-433	467	56	.	.	PUNCT
ftr-433	468	1	see	see	VERB
ftr-433	468	2	supra	supra	PROPN
ftr-433	468	3	note	note	PROPN
ftr-433	468	4	52	52	NUM
ftr-433	468	5	and	and	CCONJ
ftr-433	468	6	accompanying	accompany	VERB
ftr-433	468	7	text	text	NOUN
ftr-433	468	8	.	.	PUNCT
ftr-433	469	1	66	66	NUM
ftr-433	469	2	.	.	PUNCT
ftr-433	470	1	as	as	SCONJ
ftr-433	470	2	noted	note	VERB
ftr-433	470	3	earlier	early	ADV
ftr-433	470	4	,	,	PUNCT
ftr-433	470	5	this	this	DET
ftr-433	470	6	article	article	NOUN
ftr-433	470	7	uses	use	VERB
ftr-433	470	8	a	a	DET
ftr-433	470	9	last	last	ADJ
ftr-433	470	10	day	day	NOUN
ftr-433	470	11	convention	convention	NOUN
ftr-433	470	12	when	when	SCONJ
ftr-433	470	13	accounting	account	VERB
ftr-433	470	14	for	for	ADP
ftr-433	470	15	all	all	DET
ftr-433	470	16	generic	generic	ADJ
ftr-433	470	17	income	income	NOUN
ftr-433	470	18	tax	tax	NOUN
ftr-433	470	19	base	base	NOUN
ftr-433	470	20	events	event	NOUN
ftr-433	470	21	and	and	CCONJ
ftr-433	470	22	a	a	DET
ftr-433	470	23	first	first	ADJ
ftr-433	470	24	day	day	NOUN
ftr-433	470	25	of	of	ADP
ftr-433	470	26	year	year	NOUN
ftr-433	470	27	1	1	NUM
ftr-433	470	28	(	(	PUNCT
ftr-433	470	29	or	or	CCONJ
ftr-433	470	30	last	last	ADJ
ftr-433	470	31	day	day	NOUN
ftr-433	470	32	of	of	ADP
ftr-433	470	33	year	year	NOUN
ftr-433	470	34	0	0	NUM
ftr-433	470	35	)	)	PUNCT
ftr-433	470	36	or	or	CCONJ
ftr-433	470	37	simply	simply	ADV
ftr-433	470	38	“	"	PUNCT
ftr-433	470	39	time	time	NOUN
ftr-433	470	40	0	0	NUM
ftr-433	470	41	”	"	PUNCT
ftr-433	470	42	convention	convention	NOUN
ftr-433	470	43	to	to	PART
ftr-433	470	44	account	account	VERB
ftr-433	470	45	for	for	ADP
ftr-433	470	46	both	both	PRON
ftr-433	470	47	true	true	ADJ
ftr-433	470	48	expensing	expensing	NOUN
ftr-433	470	49	and	and	CCONJ
ftr-433	470	50	expensing	expense	VERB
ftr-433	470	51	as	as	ADP
ftr-433	470	52	a	a	DET
ftr-433	470	53	nominal	nominal	ADJ
ftr-433	470	54	income	income	NOUN
ftr-433	470	55	tax	tax	NOUN
ftr-433	470	56	base	base	NOUN
ftr-433	470	57	recovery	recovery	NOUN
ftr-433	470	58	method	method	NOUN
ftr-433	470	59	.	.	PUNCT
ftr-433	471	1	see	see	VERB
ftr-433	471	2	supra	supra	PROPN
ftr-433	471	3	notes	note	VERB
ftr-433	471	4	31	31	NUM
ftr-433	471	5	-	-	SYM
ftr-433	471	6	32	32	NUM
ftr-433	471	7	and	and	CCONJ
ftr-433	471	8	accompanying	accompany	VERB
ftr-433	471	9	text	text	NOUN
ftr-433	471	10	.	.	PUNCT
ftr-433	472	1	a	a	DET
ftr-433	472	2	last	last	ADJ
ftr-433	472	3	day	day	NOUN
ftr-433	472	4	convention	convention	NOUN
ftr-433	472	5	for	for	ADP
ftr-433	472	6	all	all	DET
ftr-433	472	7	income	income	NOUN
ftr-433	472	8	tax	tax	NOUN
ftr-433	472	9	base	base	NOUN
ftr-433	472	10	events	event	NOUN
ftr-433	472	11	is	be	AUX
ftr-433	472	12	also	also	ADV
ftr-433	472	13	consistent	consistent	ADJ
ftr-433	472	14	with	with	ADP
ftr-433	472	15	the	the	DET
ftr-433	472	16	timing	timing	NOUN
ftr-433	472	17	of	of	ADP
ftr-433	472	18	filing	filing	NOUN
ftr-433	472	19	determinations	determination	NOUN
ftr-433	472	20	and	and	CCONJ
ftr-433	472	21	requirements	requirement	NOUN
ftr-433	472	22	and	and	CCONJ
ftr-433	472	23	facilitates	facilitate	VERB
ftr-433	472	24	an	an	DET
ftr-433	472	25	analysis	analysis	NOUN
ftr-433	472	26	which	which	PRON
ftr-433	472	27	is	be	AUX
ftr-433	472	28	sensitive	sensitive	ADJ
ftr-433	472	29	to	to	ADP
ftr-433	472	30	the	the	DET
ftr-433	472	31	time	time	NOUN
ftr-433	472	32	value	value	NOUN
ftr-433	472	33	of	of	ADP
ftr-433	472	34	money	money	NOUN
ftr-433	472	35	,	,	PUNCT
ftr-433	472	36	whereas	whereas	SCONJ
ftr-433	472	37	a	a	DET
ftr-433	472	38	time	time	NOUN
ftr-433	472	39	0	0	NUM
ftr-433	472	40	deduction	deduction	NOUN
ftr-433	472	41	seems	seem	VERB
ftr-433	472	42	appropriate	appropriate	ADJ
ftr-433	472	43	for	for	ADP
ftr-433	472	44	this	this	DET
ftr-433	472	45	essentially	essentially	ADV
ftr-433	472	46	consumption	consumption	NOUN
ftr-433	472	47	tax	tax	NOUN
ftr-433	472	48	treatment	treatment	NOUN
ftr-433	472	49	of	of	ADP
ftr-433	472	50	investment	investment	NOUN
ftr-433	472	51	.	.	PUNCT
ftr-433	473	1	another	another	DET
ftr-433	473	2	important	important	ADJ
ftr-433	473	3	argument	argument	NOUN
ftr-433	473	4	investment	investment	NOUN
ftr-433	473	5	,	,	PUNCT
ftr-433	473	6	which	which	PRON
ftr-433	473	7	is	be	AUX
ftr-433	473	8	called	call	VERB
ftr-433	473	9	time	time	NOUN
ftr-433	473	10	0	0	NUM
ftr-433	473	11	.	.	PUNCT
ftr-433	474	1	an	an	DET
ftr-433	474	2	argument	argument	NOUN
ftr-433	474	3	can	can	AUX
ftr-433	474	4	be	be	AUX
ftr-433	474	5	made	make	VERB
ftr-433	474	6	that	that	SCONJ
ftr-433	474	7	this60	this60	NOUN
ftr-433	474	8	convention	convention	NOUN
ftr-433	474	9	has	have	VERB
ftr-433	474	10	a	a	DET
ftr-433	474	11	real	real	ADJ
ftr-433	474	12	-	-	PUNCT
ftr-433	474	13	world	world	NOUN
ftr-433	474	14	counterpart	counterpart	NOUN
ftr-433	474	15	since	since	SCONJ
ftr-433	474	16	placing	place	VERB
ftr-433	474	17	an	an	DET
ftr-433	474	18	expensed	expensed	ADJ
ftr-433	474	19	asset	asset	NOUN
ftr-433	474	20	in	in	ADP
ftr-433	474	21	service	service	NOUN
ftr-433	474	22	causes	cause	VERB
ftr-433	474	23	an	an	DET
ftr-433	474	24	immediate	immediate	ADJ
ftr-433	474	25	anticipated	anticipate	VERB
ftr-433	474	26	reduction	reduction	NOUN
ftr-433	474	27	in	in	ADP
ftr-433	474	28	the	the	DET
ftr-433	474	29	investor	investor	NOUN
ftr-433	474	30	’s	’s	PART
ftr-433	474	31	estimated	estimate	VERB
ftr-433	474	32	tax	tax	NOUN
ftr-433	474	33	liability	liability	NOUN
ftr-433	474	34	that	that	PRON
ftr-433	474	35	can	can	AUX
ftr-433	474	36	be	be	AUX
ftr-433	474	37	valued	value	VERB
ftr-433	474	38	in	in	ADP
ftr-433	474	39	present	present	ADJ
ftr-433	474	40	value	value	NOUN
ftr-433	474	41	terms	term	NOUN
ftr-433	474	42	from	from	ADP
ftr-433	474	43	that	that	DET
ftr-433	474	44	point	point	NOUN
ftr-433	474	45	in	in	ADP
ftr-433	474	46	time.61	time.61	NOUN
ftr-433	474	47	in	in	ADP
ftr-433	474	48	order	order	NOUN
ftr-433	474	49	to	to	PART
ftr-433	474	50	compare	compare	VERB
ftr-433	474	51	the	the	DET
ftr-433	474	52	financial	financial	ADJ
ftr-433	474	53	effects	effect	NOUN
ftr-433	474	54	of	of	ADP
ftr-433	474	55	theoretical	theoretical	ADJ
ftr-433	474	56	instantaneous	instantaneous	ADJ
ftr-433	474	57	expensing	expensing	NOUN
ftr-433	474	58	to	to	ADP
ftr-433	474	59	those	those	PRON
ftr-433	474	60	of	of	ADP
ftr-433	474	61	other	other	ADJ
ftr-433	474	62	income	income	NOUN
ftr-433	474	63	tax	tax	NOUN
ftr-433	474	64	recovery	recovery	NOUN
ftr-433	474	65	methods	method	NOUN
ftr-433	474	66	,	,	PUNCT
ftr-433	474	67	this	this	DET
ftr-433	474	68	article	article	NOUN
ftr-433	474	69	continues	continue	VERB
ftr-433	474	70	to	to	PART
ftr-433	474	71	assume	assume	VERB
ftr-433	474	72	that	that	SCONJ
ftr-433	474	73	the	the	DET
ftr-433	474	74	amount	amount	NOUN
ftr-433	474	75	invested	invest	VERB
ftr-433	474	76	is	be	AUX
ftr-433	474	77	$	$	SYM
ftr-433	474	78	100	100	NUM
ftr-433	474	79	.	.	PUNCT
ftr-433	475	1	thus	thus	ADV
ftr-433	475	2	,	,	PUNCT
ftr-433	475	3	the	the	DET
ftr-433	475	4	expensing	expense	VERB
ftr-433	475	5	deduction	deduction	NOUN
ftr-433	475	6	has62	has62	PROPN
ftr-433	475	7	a	a	DET
ftr-433	475	8	present	present	ADJ
ftr-433	475	9	value	value	NOUN
ftr-433	475	10	measured	measure	VERB
ftr-433	475	11	at	at	ADP
ftr-433	475	12	time	time	NOUN
ftr-433	475	13	0	0	NUM
ftr-433	475	14	of	of	ADP
ftr-433	475	15	$	$	SYM
ftr-433	475	16	100	100	NUM
ftr-433	475	17	.	.	PUNCT
ftr-433	476	1	this	this	DET
ftr-433	476	2	article	article	NOUN
ftr-433	476	3	also	also	ADV
ftr-433	476	4	continues	continue	VERB
ftr-433	476	5	to63	to63	PROPN
ftr-433	476	6	assume	assume	VERB
ftr-433	476	7	that	that	SCONJ
ftr-433	476	8	all	all	DET
ftr-433	476	9	other	other	ADJ
ftr-433	476	10	items	item	NOUN
ftr-433	476	11	of	of	ADP
ftr-433	476	12	income	income	NOUN
ftr-433	476	13	and	and	CCONJ
ftr-433	476	14	deduction	deduction	NOUN
ftr-433	476	15	take	take	VERB
ftr-433	476	16	place	place	NOUN
ftr-433	476	17	on	on	ADP
ftr-433	476	18	the	the	DET
ftr-433	476	19	last	last	ADJ
ftr-433	476	20	day	day	NOUN
ftr-433	476	21	of	of	ADP
ftr-433	476	22	the	the	DET
ftr-433	476	23	taxable	taxable	ADJ
ftr-433	476	24	year	year	NOUN
ftr-433	476	25	.	.	PUNCT
ftr-433	477	1	this	this	PRON
ftr-433	477	2	allows	allow	VERB
ftr-433	477	3	us	we	PRON
ftr-433	477	4	to	to	PART
ftr-433	477	5	continue	continue	VERB
ftr-433	477	6	determining	determine	VERB
ftr-433	477	7	the	the	DET
ftr-433	477	8	present	present	ADJ
ftr-433	477	9	value	value	NOUN
ftr-433	477	10	of	of	ADP
ftr-433	477	11	all	all	DET
ftr-433	477	12	tax	tax	NOUN
ftr-433	477	13	and	and	CCONJ
ftr-433	477	14	financial	financial	ADJ
ftr-433	477	15	events	event	NOUN
ftr-433	477	16	as	as	ADP
ftr-433	477	17	of	of	ADP
ftr-433	477	18	time	time	NOUN
ftr-433	477	19	0	0	NUM
ftr-433	477	20	(	(	PUNCT
ftr-433	477	21	or	or	CCONJ
ftr-433	477	22	beginning	beginning	NOUN
ftr-433	477	23	of	of	ADP
ftr-433	477	24	year	year	NOUN
ftr-433	477	25	1	1	NUM
ftr-433	477	26	)	)	PUNCT
ftr-433	477	27	.	.	PUNCT
ftr-433	478	1	this64	this64	PROPN
ftr-433	478	2	scenario	scenario	NOUN
ftr-433	478	3	is	be	AUX
ftr-433	478	4	not	not	PART
ftr-433	478	5	designed	design	VERB
ftr-433	478	6	to	to	PART
ftr-433	478	7	replicate	replicate	VERB
ftr-433	478	8	real	real	ADJ
ftr-433	478	9	world	world	NOUN
ftr-433	478	10	conditions	condition	NOUN
ftr-433	478	11	,	,	PUNCT
ftr-433	478	12	but	but	CCONJ
ftr-433	478	13	to	to	PART
ftr-433	478	14	provide	provide	VERB
ftr-433	478	15	a65	a65	X
ftr-433	478	16	consistent	consistent	ADJ
ftr-433	478	17	framework	framework	NOUN
ftr-433	478	18	for	for	ADP
ftr-433	478	19	theoretical	theoretical	ADJ
ftr-433	478	20	comparative	comparative	ADJ
ftr-433	478	21	analysis.66	analysis.66	NOUN
ftr-433	478	22	2002	2002	NUM
ftr-433	478	23	]	]	PUNCT
ftr-433	478	24	normative	normative	ADJ
ftr-433	478	25	capital	capital	NOUN
ftr-433	478	26	cost	cost	NOUN
ftr-433	478	27	recovery	recovery	NOUN
ftr-433	478	28	487	487	NUM
ftr-433	478	29	for	for	ADP
ftr-433	478	30	an	an	DET
ftr-433	478	31	exception	exception	NOUN
ftr-433	478	32	in	in	ADP
ftr-433	478	33	the	the	DET
ftr-433	478	34	form	form	NOUN
ftr-433	478	35	of	of	ADP
ftr-433	478	36	a	a	DET
ftr-433	478	37	first	first	ADJ
ftr-433	478	38	day	day	NOUN
ftr-433	478	39	convention	convention	NOUN
ftr-433	478	40	for	for	ADP
ftr-433	478	41	expensed	expense	VERB
ftr-433	478	42	recovery	recovery	NOUN
ftr-433	478	43	deductions	deduction	NOUN
ftr-433	478	44	is	be	AUX
ftr-433	478	45	that	that	SCONJ
ftr-433	478	46	such	such	ADJ
ftr-433	478	47	timing	timing	NOUN
ftr-433	478	48	is	be	AUX
ftr-433	478	49	necessary	necessary	ADJ
ftr-433	478	50	in	in	ADP
ftr-433	478	51	order	order	NOUN
ftr-433	478	52	to	to	PART
ftr-433	478	53	create	create	VERB
ftr-433	478	54	the	the	DET
ftr-433	478	55	financial	financial	ADJ
ftr-433	478	56	and	and	CCONJ
ftr-433	478	57	economic	economic	ADJ
ftr-433	478	58	consequences	consequence	NOUN
ftr-433	478	59	attributed	attribute	VERB
ftr-433	478	60	to	to	ADP
ftr-433	478	61	theoretical	theoretical	ADJ
ftr-433	478	62	expensing	expensing	NOUN
ftr-433	478	63	in	in	ADP
ftr-433	478	64	the	the	DET
ftr-433	478	65	traditional	traditional	ADJ
ftr-433	478	66	literature	literature	NOUN
ftr-433	478	67	.	.	PUNCT
ftr-433	479	1	67	67	NUM
ftr-433	479	2	.	.	PUNCT
ftr-433	479	3	table	table	NOUN
ftr-433	479	4	5	5	NUM
ftr-433	479	5	shows	show	VERB
ftr-433	479	6	net	net	ADJ
ftr-433	479	7	present	present	ADJ
ftr-433	479	8	values	value	NOUN
ftr-433	479	9	,	,	PUNCT
ftr-433	479	10	while	while	SCONJ
ftr-433	479	11	tables	table	NOUN
ftr-433	479	12	1	1	NUM
ftr-433	479	13	through	through	ADP
ftr-433	479	14	4	4	NUM
ftr-433	479	15	used	use	VERB
ftr-433	479	16	present	present	ADJ
ftr-433	479	17	values	value	NOUN
ftr-433	479	18	.	.	PUNCT
ftr-433	480	1	infra	infra	NOUN
ftr-433	480	2	part	part	NOUN
ftr-433	480	3	ii.f	ii.f	NOUN
ftr-433	480	4	.	.	PUNCT
ftr-433	480	5	,	,	PUNCT
ftr-433	480	6	conducts	conduct	VERB
ftr-433	480	7	a	a	DET
ftr-433	480	8	closer	close	ADJ
ftr-433	480	9	examination	examination	NOUN
ftr-433	480	10	of	of	ADP
ftr-433	480	11	net	net	ADJ
ftr-433	480	12	present	present	ADJ
ftr-433	480	13	value	value	NOUN
ftr-433	480	14	and	and	CCONJ
ftr-433	480	15	compares	compare	VERB
ftr-433	480	16	all	all	PRON
ftr-433	480	17	of	of	ADP
ftr-433	480	18	the	the	DET
ftr-433	480	19	cost	cost	NOUN
ftr-433	480	20	recovery	recovery	NOUN
ftr-433	480	21	methods	method	NOUN
ftr-433	480	22	examined	examine	VERB
ftr-433	480	23	so	so	ADV
ftr-433	480	24	far	far	ADV
ftr-433	480	25	using	use	VERB
ftr-433	480	26	that	that	DET
ftr-433	480	27	criterion	criterion	NOUN
ftr-433	480	28	.	.	PUNCT
ftr-433	481	1	that	that	DET
ftr-433	481	2	examination	examination	NOUN
ftr-433	481	3	will	will	AUX
ftr-433	481	4	not	not	PART
ftr-433	481	5	change	change	VERB
ftr-433	481	6	the	the	DET
ftr-433	481	7	results	result	NOUN
ftr-433	481	8	of	of	ADP
ftr-433	481	9	or	or	CCONJ
ftr-433	481	10	conclusions	conclusion	NOUN
ftr-433	481	11	drawn	draw	VERB
ftr-433	481	12	from	from	ADP
ftr-433	481	13	tables	table	NOUN
ftr-433	481	14	1	1	NUM
ftr-433	481	15	through	through	ADP
ftr-433	481	16	5	5	NUM
ftr-433	481	17	at	at	ADP
ftr-433	481	18	this	this	DET
ftr-433	481	19	point	point	NOUN
ftr-433	481	20	.	.	PUNCT
ftr-433	482	1	68	68	NUM
ftr-433	482	2	.	.	X
ftr-433	483	1	for	for	ADP
ftr-433	483	2	a	a	DET
ftr-433	483	3	definition	definition	NOUN
ftr-433	483	4	of	of	ADP
ftr-433	483	5	irr	irr	NOUN
ftr-433	483	6	effective	effective	ADJ
ftr-433	483	7	tax	tax	NOUN
ftr-433	483	8	rate	rate	NOUN
ftr-433	483	9	,	,	PUNCT
ftr-433	483	10	see	see	VERB
ftr-433	483	11	supra	supra	PROPN
ftr-433	483	12	note	note	PROPN
ftr-433	483	13	36	36	NUM
ftr-433	483	14	.	.	PUNCT
ftr-433	483	15	applying	apply	VERB
ftr-433	483	16	the	the	DET
ftr-433	483	17	foregoing	forego	VERB
ftr-433	483	18	timing	timing	NOUN
ftr-433	483	19	assumptions	assumption	NOUN
ftr-433	483	20	,	,	PUNCT
ftr-433	483	21	table	table	NOUN
ftr-433	483	22	5	5	NUM
ftr-433	483	23	below	below	ADP
ftr-433	483	24	presents	present	VERB
ftr-433	483	25	a	a	DET
ftr-433	483	26	$	$	SYM
ftr-433	483	27	100	100	NUM
ftr-433	483	28	investment	investment	NOUN
ftr-433	483	29	that	that	PRON
ftr-433	483	30	is	be	AUX
ftr-433	483	31	subject	subject	ADJ
ftr-433	483	32	to	to	ADP
ftr-433	483	33	theoretical	theoretical	ADJ
ftr-433	483	34	instantaneous	instantaneous	ADJ
ftr-433	483	35	expensing	expensing	NOUN
ftr-433	483	36	.	.	PUNCT
ftr-433	483	37	table	table	NOUN
ftr-433	483	38	5	5	NUM
ftr-433	483	39	:	:	PUNCT
ftr-433	484	1	$	$	SYM
ftr-433	484	2	100	100	NUM
ftr-433	484	3	investment	investment	NOUN
ftr-433	484	4	subject	subject	ADJ
ftr-433	484	5	to	to	ADP
ftr-433	484	6	theoretical	theoretical	ADJ
ftr-433	484	7	instantaneous	instantaneous	ADJ
ftr-433	484	8	expensing	expensing	NOUN
ftr-433	484	9	year	year	NOUN
ftr-433	484	10	g.i	g.i	PROPN
ftr-433	484	11	.	.	PUNCT
ftr-433	485	1	rcvry	rcvry	PROPN
ftr-433	485	2	t.i	t.i	PROPN
ftr-433	485	3	.	.	PROPN
ftr-433	485	4	ptcf	ptcf	PROPN
ftr-433	485	5	tax	tax	PROPN
ftr-433	485	6	atcf	atcf	NOUN
ftr-433	485	7	0	0	NUM
ftr-433	485	8	0.00	0.00	NUM
ftr-433	485	9	100.00	100.00	NUM
ftr-433	485	10	-100.00	-100.00	PROPN
ftr-433	485	11	-100.00	-100.00	PROPN
ftr-433	485	12	-50.00	-50.00	PUNCT
ftr-433	485	13	-50.00	-50.00	PUNCT
ftr-433	485	14	1	1	NUM
ftr-433	485	15	31.55	31.55	NUM
ftr-433	485	16	0.00	0.00	NUM
ftr-433	485	17	31.55	31.55	NUM
ftr-433	485	18	31.55	31.55	NUM
ftr-433	485	19	15.78	15.78	NUM
ftr-433	485	20	15.78	15.78	NUM
ftr-433	485	21	2	2	NUM
ftr-433	485	22	31.55	31.55	NUM
ftr-433	485	23	0.00	0.00	NUM
ftr-433	485	24	31.55	31.55	NUM
ftr-433	485	25	31.55	31.55	NUM
ftr-433	485	26	15.78	15.78	NUM
ftr-433	485	27	15.78	15.78	NUM
ftr-433	485	28	3	3	NUM
ftr-433	485	29	31.55	31.55	NUM
ftr-433	485	30	0.00	0.00	NUM
ftr-433	485	31	31.55	31.55	NUM
ftr-433	485	32	31.55	31.55	NUM
ftr-433	485	33	15.78	15.78	NUM
ftr-433	485	34	15.78	15.78	NUM
ftr-433	485	35	4	4	NUM
ftr-433	485	36	31.55	31.55	NUM
ftr-433	485	37	0.00	0.00	NUM
ftr-433	485	38	31.55	31.55	NUM
ftr-433	485	39	31.55	31.55	NUM
ftr-433	485	40	15.78	15.78	NUM
ftr-433	485	41	15.78	15.78	NUM
ftr-433	485	42	tot	tot	NOUN
ftr-433	485	43	126.20	126.20	NUM
ftr-433	485	44	100.00	100.00	NUM
ftr-433	485	45	26.20	26.20	NUM
ftr-433	485	46	26.20	26.20	NUM
ftr-433	485	47	13.10	13.10	NUM
ftr-433	485	48	13.10	13.10	NUM
ftr-433	485	49	1npv	1npv	NUM
ftr-433	485	50	100.00	100.00	NUM
ftr-433	485	51	100.00	100.00	NUM
ftr-433	485	52	0.00	0.00	NUM
ftr-433	485	53	0.00	0.00	NUM
ftr-433	485	54	0.00	0.00	NUM
ftr-433	485	55	0.00	0.00	NUM
ftr-433	485	56	2npv	2npv	NOUN
ftr-433	485	57	111.87	111.87	NUM
ftr-433	485	58	100.00	100.00	NUM
ftr-433	485	59	11.86	11.86	NUM
ftr-433	485	60	11.86	11.86	NUM
ftr-433	485	61	5.93	5.93	NUM
ftr-433	485	62	5.93	5.93	NUM
ftr-433	485	63	irr	irr	NOUN
ftr-433	485	64	10.00	10.00	NUM
ftr-433	485	65	%	%	NOUN
ftr-433	485	66	10.00	10.00	NUM
ftr-433	485	67	%	%	NOUN
ftr-433	485	68	the	the	DET
ftr-433	485	69	economic	economic	ADJ
ftr-433	485	70	consequences	consequence	NOUN
ftr-433	485	71	shown	show	VERB
ftr-433	485	72	for	for	ADP
ftr-433	485	73	“	"	PUNCT
ftr-433	485	74	year	year	NOUN
ftr-433	485	75	0	0	NUM
ftr-433	485	76	”	"	PUNCT
ftr-433	485	77	reflect	reflect	VERB
ftr-433	485	78	the	the	DET
ftr-433	485	79	expensing	expense	VERB
ftr-433	485	80	deduction	deduction	NOUN
ftr-433	485	81	of	of	ADP
ftr-433	485	82	$	$	SYM
ftr-433	485	83	100	100	NUM
ftr-433	485	84	at	at	ADP
ftr-433	485	85	time	time	NOUN
ftr-433	485	86	0	0	NUM
ftr-433	485	87	.	.	PUNCT
ftr-433	486	1	this	this	DET
ftr-433	486	2	deduction	deduction	NOUN
ftr-433	486	3	reduces	reduce	VERB
ftr-433	486	4	taxable	taxable	ADJ
ftr-433	486	5	income	income	NOUN
ftr-433	486	6	by	by	ADP
ftr-433	486	7	$	$	SYM
ftr-433	486	8	100	100	NUM
ftr-433	486	9	,	,	PUNCT
ftr-433	486	10	which	which	PRON
ftr-433	486	11	in	in	ADP
ftr-433	486	12	turn	turn	NOUN
ftr-433	486	13	reduces	reduce	VERB
ftr-433	486	14	tax	tax	NOUN
ftr-433	486	15	by	by	ADP
ftr-433	486	16	(	(	PUNCT
ftr-433	486	17	or	or	CCONJ
ftr-433	486	18	creates	create	VERB
ftr-433	486	19	tax	tax	NOUN
ftr-433	486	20	savings	saving	NOUN
ftr-433	486	21	of	of	ADP
ftr-433	486	22	)	)	PUNCT
ftr-433	486	23	$	$	SYM
ftr-433	486	24	50	50	NUM
ftr-433	486	25	,	,	PUNCT
ftr-433	486	26	leaving	leave	VERB
ftr-433	486	27	a	a	DET
ftr-433	486	28	positive	positive	ADJ
ftr-433	486	29	after	after	ADP
ftr-433	486	30	-	-	PUNCT
ftr-433	486	31	tax	tax	NOUN
ftr-433	486	32	cash	cash	NOUN
ftr-433	486	33	flow	flow	NOUN
ftr-433	486	34	of	of	ADP
ftr-433	486	35	$	$	SYM
ftr-433	486	36	50	50	NUM
ftr-433	486	37	.	.	PUNCT
ftr-433	487	1	during	during	ADP
ftr-433	487	2	years	year	NOUN
ftr-433	487	3	1	1	NUM
ftr-433	487	4	through	through	ADP
ftr-433	487	5	4	4	NUM
ftr-433	487	6	,	,	PUNCT
ftr-433	487	7	the	the	DET
ftr-433	487	8	asset	asset	NOUN
ftr-433	487	9	produces	produce	VERB
ftr-433	487	10	the	the	DET
ftr-433	487	11	same	same	ADJ
ftr-433	487	12	gross	gross	ADJ
ftr-433	487	13	income	income	NOUN
ftr-433	487	14	and	and	CCONJ
ftr-433	487	15	pre	pre	ADJ
ftr-433	487	16	-	-	ADJ
ftr-433	487	17	tax	tax	ADJ
ftr-433	487	18	cash	cash	NOUN
ftr-433	487	19	flow	flow	NOUN
ftr-433	487	20	streams	stream	NOUN
ftr-433	487	21	as	as	ADP
ftr-433	487	22	in	in	ADP
ftr-433	487	23	tables	table	NOUN
ftr-433	487	24	1	1	NUM
ftr-433	487	25	through	through	ADP
ftr-433	487	26	4	4	NUM
ftr-433	487	27	,	,	PUNCT
ftr-433	487	28	but	but	CCONJ
ftr-433	487	29	gross	gross	ADJ
ftr-433	487	30	income	income	NOUN
ftr-433	487	31	in	in	ADP
ftr-433	487	32	those	those	DET
ftr-433	487	33	years	year	NOUN
ftr-433	487	34	is	be	AUX
ftr-433	487	35	not	not	PART
ftr-433	487	36	reduced	reduce	VERB
ftr-433	487	37	by	by	ADP
ftr-433	487	38	any	any	DET
ftr-433	487	39	cost	cost	NOUN
ftr-433	487	40	recovery	recovery	NOUN
ftr-433	487	41	deductions	deduction	NOUN
ftr-433	487	42	,	,	PUNCT
ftr-433	487	43	so	so	SCONJ
ftr-433	487	44	annual	annual	ADJ
ftr-433	487	45	t.i	t.i	PROPN
ftr-433	487	46	.	.	PROPN
ftr-433	487	47	equals	equal	VERB
ftr-433	487	48	both	both	DET
ftr-433	487	49	g.i	g.i	PROPN
ftr-433	487	50	.	.	PROPN
ftr-433	488	1	and	and	CCONJ
ftr-433	488	2	ptcf	ptcf	PROPN
ftr-433	488	3	(	(	PUNCT
ftr-433	488	4	$	$	SYM
ftr-433	488	5	31.55	31.55	NUM
ftr-433	488	6	)	)	PUNCT
ftr-433	488	7	,	,	PUNCT
ftr-433	488	8	and	and	CCONJ
ftr-433	488	9	atcf	atcf	NOUN
ftr-433	488	10	is	be	AUX
ftr-433	488	11	exactly	exactly	ADV
ftr-433	488	12	50	50	NUM
ftr-433	488	13	%	%	NOUN
ftr-433	488	14	of	of	ADP
ftr-433	488	15	that	that	DET
ftr-433	488	16	amount	amount	NOUN
ftr-433	488	17	(	(	PUNCT
ftr-433	488	18	$	$	SYM
ftr-433	488	19	15.775	15.775	NUM
ftr-433	488	20	)	)	PUNCT
ftr-433	488	21	.	.	PUNCT
ftr-433	489	1	2financially	2financially	ADV
ftr-433	489	2	,	,	PUNCT
ftr-433	489	3	the	the	DET
ftr-433	489	4	after	after	ADP
ftr-433	489	5	-	-	PUNCT
ftr-433	489	6	tax	tax	NOUN
ftr-433	489	7	present	present	ADJ
ftr-433	489	8	value	value	NOUN
ftr-433	489	9	(	(	PUNCT
ftr-433	489	10	pv	pv	NOUN
ftr-433	489	11	)	)	PUNCT
ftr-433	489	12	of	of	ADP
ftr-433	489	13	the	the	DET
ftr-433	489	14	“	"	PUNCT
ftr-433	489	15	recovery	recovery	NOUN
ftr-433	489	16	deduction	deduction	NOUN
ftr-433	489	17	stream	stream	NOUN
ftr-433	489	18	”	"	PUNCT
ftr-433	489	19	in	in	ADP
ftr-433	489	20	table	table	NOUN
ftr-433	489	21	5	5	NUM
ftr-433	489	22	at	at	ADP
ftr-433	489	23	time	time	NOUN
ftr-433	489	24	0	0	NUM
ftr-433	489	25	(	(	PUNCT
ftr-433	489	26	$	$	SYM
ftr-433	489	27	100.00	100.00	NUM
ftr-433	489	28	)	)	PUNCT
ftr-433	489	29	now	now	ADV
ftr-433	489	30	equals	equal	VERB
ftr-433	489	31	the	the	DET
ftr-433	489	32	amount	amount	NOUN
ftr-433	489	33	invested	invest	VERB
ftr-433	489	34	.	.	PUNCT
ftr-433	490	1	that	that	DET
ftr-433	490	2	2pv	2pv	NOUN
ftr-433	490	3	also	also	ADV
ftr-433	490	4	exceeds	exceed	VERB
ftr-433	490	5	the	the	DET
ftr-433	490	6	comparable	comparable	ADJ
ftr-433	490	7	present	present	ADJ
ftr-433	490	8	value	value	NOUN
ftr-433	490	9	of	of	ADP
ftr-433	490	10	the	the	DET
ftr-433	490	11	economic	economic	ADJ
ftr-433	490	12	depreciation	depreciation	NOUN
ftr-433	490	13	2deduction	2deduction	NUM
ftr-433	490	14	stream	stream	NOUN
ftr-433	490	15	in	in	ADP
ftr-433	490	16	table	table	NOUN
ftr-433	490	17	1	1	NUM
ftr-433	490	18	(	(	PUNCT
ftr-433	490	19	$	$	SYM
ftr-433	490	20	88.14	88.14	NUM
ftr-433	490	21	)	)	PUNCT
ftr-433	490	22	by	by	ADP
ftr-433	490	23	$	$	SYM
ftr-433	490	24	11.86	11.86	NUM
ftr-433	490	25	.	.	PUNCT
ftr-433	491	1	the	the	DET
ftr-433	491	2	npv	npv	NOUN
ftr-433	491	3	of	of	ADP
ftr-433	491	4	the	the	DET
ftr-433	491	5	atcf	atcf	NOUN
ftr-433	491	6	1($5.93	1($5.93	NUM
ftr-433	491	7	)	)	PUNCT
ftr-433	491	8	now	now	ADV
ftr-433	491	9	exceeds	exceed	VERB
ftr-433	491	10	the	the	DET
ftr-433	491	11	npv	npv	NOUN
ftr-433	491	12	of	of	ADP
ftr-433	491	13	the	the	DET
ftr-433	491	14	pre	pre	ADJ
ftr-433	491	15	-	-	ADJ
ftr-433	491	16	tax	tax	ADJ
ftr-433	491	17	cash	cash	NOUN
ftr-433	491	18	flow	flow	NOUN
ftr-433	491	19	(	(	PUNCT
ftr-433	491	20	$	$	SYM
ftr-433	491	21	0.00	0.00	NUM
ftr-433	491	22	)	)	PUNCT
ftr-433	491	23	by	by	ADP
ftr-433	491	24	half	half	NOUN
ftr-433	491	25	of	of	ADP
ftr-433	491	26	that	that	DET
ftr-433	491	27	amount	amount	NOUN
ftr-433	491	28	,	,	PUNCT
ftr-433	491	29	or	or	CCONJ
ftr-433	491	30	$	$	SYM
ftr-433	491	31	5.93	5.93	NUM
ftr-433	491	32	.	.	PUNCT
ftr-433	491	33	table	table	NOUN
ftr-433	491	34	5	5	NUM
ftr-433	491	35	also	also	ADV
ftr-433	491	36	shows	show	VERB
ftr-433	491	37	that	that	SCONJ
ftr-433	491	38	the	the	DET
ftr-433	491	39	internal	internal	ADJ
ftr-433	491	40	rates	rate	NOUN
ftr-433	491	41	of	of	ADP
ftr-433	491	42	return	return	NOUN
ftr-433	491	43	on	on	ADP
ftr-433	491	44	the67	the67	ADJ
ftr-433	491	45	investment	investment	NOUN
ftr-433	491	46	are	be	AUX
ftr-433	491	47	the	the	DET
ftr-433	491	48	same	same	ADJ
ftr-433	491	49	both	both	CCONJ
ftr-433	491	50	before	before	ADP
ftr-433	491	51	and	and	CCONJ
ftr-433	491	52	after	after	ADP
ftr-433	491	53	tax	tax	NOUN
ftr-433	491	54	(	(	PUNCT
ftr-433	491	55	10	10	NUM
ftr-433	491	56	%	%	NOUN
ftr-433	491	57	)	)	PUNCT
ftr-433	491	58	and	and	CCONJ
ftr-433	491	59	that	that	SCONJ
ftr-433	491	60	the	the	DET
ftr-433	491	61	investment	investment	NOUN
ftr-433	491	62	is	be	AUX
ftr-433	491	63	therefore	therefore	ADV
ftr-433	491	64	subject	subject	ADJ
ftr-433	491	65	to	to	ADP
ftr-433	491	66	a	a	DET
ftr-433	491	67	0	0	NUM
ftr-433	491	68	%	%	NOUN
ftr-433	491	69	irr	irr	NOUN
ftr-433	491	70	effective	effective	ADJ
ftr-433	491	71	tax	tax	NOUN
ftr-433	491	72	rate.68	rate.68	PROPN
ftr-433	491	73	488	488	NUM
ftr-433	491	74	florida	florida	PROPN
ftr-433	491	75	tax	tax	NOUN
ftr-433	491	76	review	review	NOUN
ftr-433	492	1	[	[	X
ftr-433	492	2	vol	vol	NOUN
ftr-433	492	3	.	.	PUNCT
ftr-433	492	4	5:7	5:7	NUM
ftr-433	492	5	69	69	NUM
ftr-433	492	6	.	.	PUNCT
ftr-433	493	1	see	see	VERB
ftr-433	493	2	s.	s.	PROPN
ftr-433	493	3	rep	rep	PROPN
ftr-433	493	4	.	.	PROPN
ftr-433	494	1	no	no	INTJ
ftr-433	494	2	.	.	PROPN
ftr-433	495	1	97	97	NUM
ftr-433	495	2	-	-	SYM
ftr-433	495	3	494	494	NUM
ftr-433	495	4	,	,	PUNCT
ftr-433	495	5	at	at	ADP
ftr-433	495	6	122	122	NUM
ftr-433	495	7	,	,	PUNCT
ftr-433	495	8	reprinted	reprint	VERB
ftr-433	495	9	in	in	ADP
ftr-433	495	10	1982	1982	NUM
ftr-433	495	11	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
ftr-433	495	12	.	.	PUNCT
ftr-433	496	1	781	781	NUM
ftr-433	496	2	,	,	PUNCT
ftr-433	496	3	88689	88689	NUM
ftr-433	496	4	;	;	PUNCT
ftr-433	496	5	staff	staff	NOUN
ftr-433	496	6	of	of	ADP
ftr-433	496	7	the	the	DET
ftr-433	496	8	joint	joint	ADJ
ftr-433	496	9	comm	comm	NOUN
ftr-433	496	10	.	.	PUNCT
ftr-433	497	1	on	on	ADP
ftr-433	497	2	taxation	taxation	NOUN
ftr-433	497	3	,	,	PUNCT
ftr-433	497	4	97th	97th	NUM
ftr-433	497	5	cong	cong	NOUN
ftr-433	497	6	.	.	PUNCT
ftr-433	497	7	,	,	PUNCT
ftr-433	497	8	analysis	analysis	NOUN
ftr-433	497	9	of	of	ADP
ftr-433	497	10	proposals	proposal	NOUN
ftr-433	497	11	for	for	ADP
ftr-433	497	12	depreciation	depreciation	NOUN
ftr-433	497	13	and	and	CCONJ
ftr-433	497	14	investment	investment	NOUN
ftr-433	497	15	tax	tax	NOUN
ftr-433	497	16	credit	credit	NOUN
ftr-433	497	17	revisions	revision	NOUN
ftr-433	497	18	,	,	PUNCT
ftr-433	497	19	part	part	NOUN
ftr-433	497	20	i	i	PRON
ftr-433	497	21	:	:	PUNCT
ftr-433	497	22	overview	overview	VERB
ftr-433	497	23	12	12	NUM
ftr-433	497	24	(	(	PUNCT
ftr-433	497	25	comm	comm	NOUN
ftr-433	497	26	.	.	PUNCT
ftr-433	498	1	print	print	NOUN
ftr-433	498	2	1981	1981	NUM
ftr-433	498	3	)	)	PUNCT
ftr-433	498	4	.	.	PUNCT
ftr-433	499	1	70	70	X
ftr-433	499	2	.	.	X
ftr-433	500	1	see	see	VERB
ftr-433	500	2	alan	alan	PROPN
ftr-433	500	3	j.	j.	PROPN
ftr-433	500	4	auerbach	auerbach	PROPN
ftr-433	500	5	&	&	CCONJ
ftr-433	500	6	david	david	PROPN
ftr-433	500	7	raboy	raboy	PROPN
ftr-433	500	8	,	,	PUNCT
ftr-433	500	9	10	10	NUM
ftr-433	500	10	-	-	SYM
ftr-433	500	11	5	5	NUM
ftr-433	500	12	-	-	SYM
ftr-433	500	13	3	3	NUM
ftr-433	500	14	versus	versus	ADP
ftr-433	500	15	first	first	ADJ
ftr-433	500	16	year	year	NOUN
ftr-433	500	17	recovery	recovery	NOUN
ftr-433	500	18	:	:	PUNCT
ftr-433	500	19	a	a	DET
ftr-433	500	20	depreciation	depreciation	NOUN
ftr-433	500	21	debate	debate	NOUN
ftr-433	500	22	,	,	PUNCT
ftr-433	500	23	12	12	NUM
ftr-433	500	24	tax	tax	NOUN
ftr-433	500	25	notes	note	NOUN
ftr-433	500	26	899	899	NUM
ftr-433	500	27	,	,	PUNCT
ftr-433	500	28	906	906	NUM
ftr-433	500	29	(	(	PUNCT
ftr-433	500	30	1981	1981	NUM
ftr-433	500	31	)	)	PUNCT
ftr-433	500	32	;	;	PUNCT
ftr-433	500	33	auerbach	auerbach	PROPN
ftr-433	500	34	,	,	PUNCT
ftr-433	500	35	auerbach	auerbach	PROPN
ftr-433	500	36	convention	convention	PROPN
ftr-433	500	37	,	,	PUNCT
ftr-433	500	38	supra	supra	PROPN
ftr-433	500	39	note	note	PROPN
ftr-433	500	40	57	57	NUM
ftr-433	500	41	,	,	PUNCT
ftr-433	500	42	at	at	ADP
ftr-433	500	43	1346	1346	NUM
ftr-433	500	44	;	;	PUNCT
ftr-433	500	45	calvin	calvin	PROPN
ftr-433	500	46	h.	h.	PROPN
ftr-433	500	47	johnson	johnson	PROPN
ftr-433	500	48	,	,	PUNCT
ftr-433	500	49	tax	tax	NOUN
ftr-433	500	50	shelter	shelter	NOUN
ftr-433	500	51	gain	gain	NOUN
ftr-433	500	52	:	:	PUNCT
ftr-433	500	53	the	the	DET
ftr-433	500	54	mismatch	mismatch	NOUN
ftr-433	500	55	of	of	ADP
ftr-433	500	56	debt	debt	NOUN
ftr-433	500	57	and	and	CCONJ
ftr-433	500	58	supply	supply	NOUN
ftr-433	500	59	side	side	NOUN
ftr-433	500	60	depreciation	depreciation	NOUN
ftr-433	500	61	,	,	PUNCT
ftr-433	500	62	61	61	NUM
ftr-433	500	63	tex	tex	PROPN
ftr-433	500	64	.	.	PROPN
ftr-433	500	65	l.	l.	PROPN
ftr-433	500	66	rev	rev	PROPN
ftr-433	500	67	.	.	PROPN
ftr-433	500	68	1013	1013	NUM
ftr-433	500	69	,	,	PUNCT
ftr-433	500	70	1022	1022	NUM
ftr-433	500	71	-	-	SYM
ftr-433	500	72	25	25	NUM
ftr-433	500	73	(	(	PUNCT
ftr-433	500	74	1983	1983	NUM
ftr-433	500	75	)	)	PUNCT
ftr-433	501	1	[	[	X
ftr-433	501	2	hereinafter	hereinafter	NOUN
ftr-433	501	3	johnson	johnson	PROPN
ftr-433	501	4	,	,	PUNCT
ftr-433	501	5	mismatch	mismatch	VERB
ftr-433	501	6	]	]	PUNCT
ftr-433	501	7	.	.	PUNCT
ftr-433	502	1	71	71	NUM
ftr-433	502	2	.	.	PUNCT
ftr-433	503	1	pub	pub	NOUN
ftr-433	503	2	.	.	PUNCT
ftr-433	504	1	l.	l.	PROPN
ftr-433	504	2	no	no	INTJ
ftr-433	504	3	.	.	PROPN
ftr-433	505	1	97	97	NUM
ftr-433	505	2	-	-	SYM
ftr-433	505	3	248	248	NUM
ftr-433	505	4	,	,	PUNCT
ftr-433	505	5	§	§	PROPN
ftr-433	505	6	206	206	NUM
ftr-433	505	7	(	(	PUNCT
ftr-433	505	8	1982	1982	NUM
ftr-433	505	9	)	)	PUNCT
ftr-433	505	10	.	.	PUNCT
ftr-433	506	1	see	see	VERB
ftr-433	506	2	senate	senate	PROPN
ftr-433	506	3	comm	comm	NOUN
ftr-433	506	4	.	.	PUNCT
ftr-433	507	1	on	on	ADP
ftr-433	507	2	finance	finance	NOUN
ftr-433	507	3	,	,	PUNCT
ftr-433	507	4	report	report	NOUN
ftr-433	507	5	on	on	ADP
ftr-433	507	6	tax	tax	NOUN
ftr-433	507	7	equity	equity	NOUN
ftr-433	507	8	and	and	CCONJ
ftr-433	507	9	fiscal	fiscal	ADJ
ftr-433	507	10	responsibility	responsibility	NOUN
ftr-433	507	11	act	act	NOUN
ftr-433	507	12	of	of	ADP
ftr-433	507	13	1982	1982	NUM
ftr-433	507	14	,	,	PUNCT
ftr-433	507	15	s.	s.	PROPN
ftr-433	507	16	rep	rep	PROPN
ftr-433	507	17	.	.	PROPN
ftr-433	508	1	no	no	PROPN
ftr-433	508	2	.	.	NOUN
ftr-433	509	1	494	494	NUM
ftr-433	509	2	,	,	PUNCT
ftr-433	509	3	97th	97th	ADJ
ftr-433	509	4	cong	cong	NOUN
ftr-433	509	5	.	.	PROPN
ftr-433	509	6	,	,	PUNCT
ftr-433	509	7	2d	2d	PROPN
ftr-433	509	8	sess	sess	NOUN
ftr-433	509	9	.	.	PUNCT
ftr-433	510	1	122	122	NUM
ftr-433	510	2	,	,	PUNCT
ftr-433	510	3	122	122	NUM
ftr-433	510	4	-	-	SYM
ftr-433	510	5	23	23	NUM
ftr-433	510	6	;	;	PUNCT
ftr-433	510	7	johnson	johnson	PROPN
ftr-433	510	8	,	,	PUNCT
ftr-433	510	9	mismatch	mismatch	PROPN
ftr-433	510	10	,	,	PUNCT
ftr-433	510	11	supra	supra	PROPN
ftr-433	510	12	note	note	NOUN
ftr-433	510	13	70	70	NUM
ftr-433	510	14	,	,	PUNCT
ftr-433	510	15	at	at	ADP
ftr-433	510	16	1022	1022	NUM
ftr-433	510	17	-	-	SYM
ftr-433	510	18	23	23	NUM
ftr-433	510	19	.	.	PUNCT
ftr-433	511	1	72	72	NUM
ftr-433	511	2	.	.	PUNCT
ftr-433	512	1	i.e.	i.e.	X
ftr-433	512	2	,	,	PUNCT
ftr-433	512	3	with	with	ADP
ftr-433	512	4	an	an	DET
ftr-433	512	5	after	after	ADP
ftr-433	512	6	-	-	PUNCT
ftr-433	512	7	tax	tax	NOUN
ftr-433	512	8	present	present	ADJ
ftr-433	512	9	value	value	NOUN
ftr-433	512	10	of	of	ADP
ftr-433	512	11	recovery	recovery	NOUN
ftr-433	512	12	that	that	PRON
ftr-433	512	13	equals	equal	VERB
ftr-433	512	14	or	or	CCONJ
ftr-433	512	15	exceeds	exceed	VERB
ftr-433	512	16	that	that	PRON
ftr-433	512	17	of	of	ADP
ftr-433	512	18	total	total	ADJ
ftr-433	512	19	nominal	nominal	ADJ
ftr-433	512	20	investment	investment	NOUN
ftr-433	512	21	in	in	ADP
ftr-433	512	22	the	the	DET
ftr-433	512	23	asset	asset	NOUN
ftr-433	512	24	.	.	PUNCT
ftr-433	513	1	73	73	NUM
ftr-433	513	2	.	.	PUNCT
ftr-433	514	1	pub	pub	NOUN
ftr-433	514	2	.	.	PUNCT
ftr-433	515	1	l.	l.	PROPN
ftr-433	515	2	no	no	INTJ
ftr-433	515	3	.	.	PROPN
ftr-433	516	1	97	97	NUM
ftr-433	516	2	-	-	SYM
ftr-433	516	3	34	34	NUM
ftr-433	516	4	,	,	PUNCT
ftr-433	516	5	§	§	PROPN
ftr-433	516	6	201(a	201(a	NUM
ftr-433	516	7	)	)	PUNCT
ftr-433	516	8	,	,	PUNCT
ftr-433	516	9	95	95	NUM
ftr-433	516	10	stat	stat	NOUN
ftr-433	516	11	.	.	PUNCT
ftr-433	517	1	172	172	NUM
ftr-433	517	2	,	,	PUNCT
ftr-433	517	3	203	203	NUM
ftr-433	517	4	-	-	SYM
ftr-433	517	5	19	19	NUM
ftr-433	517	6	(	(	PUNCT
ftr-433	517	7	1981	1981	NUM
ftr-433	517	8	)	)	PUNCT
ftr-433	517	9	.	.	PUNCT
ftr-433	518	1	74	74	X
ftr-433	518	2	.	.	PUNCT
ftr-433	519	1	see	see	VERB
ftr-433	519	2	steines	steine	NOUN
ftr-433	519	3	,	,	PUNCT
ftr-433	519	4	cost	cost	NOUN
ftr-433	519	5	recovery	recovery	NOUN
ftr-433	519	6	,	,	PUNCT
ftr-433	519	7	supra	supra	PROPN
ftr-433	519	8	note	note	NOUN
ftr-433	519	9	27	27	NUM
ftr-433	519	10	,	,	PUNCT
ftr-433	519	11	at	at	ADP
ftr-433	519	12	537	537	NUM
ftr-433	519	13	-	-	SYM
ftr-433	519	14	38	38	NUM
ftr-433	519	15	;	;	PUNCT
ftr-433	519	16	see	see	AUX
ftr-433	519	17	also	also	ADV
ftr-433	519	18	auerbach	auerbach	VERB
ftr-433	519	19	,	,	PUNCT
ftr-433	519	20	2auerbach	2auerbach	NUM
ftr-433	519	21	convention	convention	NOUN
ftr-433	519	22	,	,	PUNCT
ftr-433	519	23	supra	supra	PROPN
ftr-433	519	24	note	note	PROPN
ftr-433	519	25	57	57	NUM
ftr-433	519	26	,	,	PUNCT
ftr-433	519	27	at	at	ADP
ftr-433	519	28	1346	1346	NUM
ftr-433	519	29	-	-	SYM
ftr-433	519	30	47	47	NUM
ftr-433	519	31	.	.	PUNCT
ftr-433	520	1	in	in	ADP
ftr-433	520	2	table	table	NOUN
ftr-433	520	3	6	6	NUM
ftr-433	520	4	,	,	PUNCT
ftr-433	520	5	for	for	ADP
ftr-433	520	6	example	example	NOUN
ftr-433	520	7	,	,	PUNCT
ftr-433	520	8	the	the	DET
ftr-433	520	9	pv	pv	NOUN
ftr-433	520	10	of	of	ADP
ftr-433	520	11	recovery	recovery	NOUN
ftr-433	520	12	,	,	PUNCT
ftr-433	520	13	$	$	SYM
ftr-433	520	14	101.67	101.67	NUM
ftr-433	520	15	,	,	PUNCT
ftr-433	520	16	exceeds	exceed	VERB
ftr-433	520	17	the	the	DET
ftr-433	520	18	amount	amount	NOUN
ftr-433	520	19	of	of	ADP
ftr-433	520	20	the	the	DET
ftr-433	520	21	investment	investment	NOUN
ftr-433	520	22	,	,	PUNCT
ftr-433	520	23	$	$	SYM
ftr-433	520	24	100.00	100.00	NUM
ftr-433	520	25	.	.	PUNCT
ftr-433	521	1	e.	e.	PROPN
ftr-433	521	2	expensing	expensing	NOUN
ftr-433	521	3	-	-	PUNCT
ftr-433	521	4	equivalent	equivalent	ADJ
ftr-433	521	5	cost	cost	NOUN
ftr-433	521	6	recovery	recovery	NOUN
ftr-433	521	7	congress	congress	PROPN
ftr-433	521	8	made	make	VERB
ftr-433	521	9	a	a	DET
ftr-433	521	10	more	more	ADJ
ftr-433	521	11	or	or	CCONJ
ftr-433	521	12	less	less	ADV
ftr-433	521	13	conscious	conscious	ADJ
ftr-433	521	14	decision	decision	NOUN
ftr-433	521	15	in	in	ADP
ftr-433	521	16	1981	1981	NUM
ftr-433	521	17	to	to	PART
ftr-433	521	18	implement	implement	VERB
ftr-433	521	19	a	a	DET
ftr-433	521	20	statutory	statutory	ADJ
ftr-433	521	21	approximation	approximation	NOUN
ftr-433	521	22	of	of	ADP
ftr-433	521	23	expensing	expense	VERB
ftr-433	521	24	as	as	ADP
ftr-433	521	25	a	a	DET
ftr-433	521	26	capital	capital	NOUN
ftr-433	521	27	income	income	NOUN
ftr-433	521	28	tax	tax	NOUN
ftr-433	521	29	recovery	recovery	NOUN
ftr-433	521	30	policy	policy	NOUN
ftr-433	521	31	for	for	ADP
ftr-433	521	32	the	the	DET
ftr-433	521	33	kinds	kind	NOUN
ftr-433	521	34	of	of	ADP
ftr-433	521	35	depreciable	depreciable	ADJ
ftr-433	521	36	assets	asset	NOUN
ftr-433	521	37	discussed	discuss	VERB
ftr-433	521	38	in	in	ADP
ftr-433	521	39	this	this	DET
ftr-433	521	40	article	article	NOUN
ftr-433	521	41	.	.	PUNCT
ftr-433	522	1	the	the	DET
ftr-433	522	2	original69	original69	NOUN
ftr-433	522	3	combination	combination	NOUN
ftr-433	522	4	of	of	ADP
ftr-433	522	5	acrs	acr	NOUN
ftr-433	522	6	and	and	CCONJ
ftr-433	522	7	the	the	DET
ftr-433	522	8	investment	investment	NOUN
ftr-433	522	9	tax	tax	NOUN
ftr-433	522	10	credit	credit	NOUN
ftr-433	522	11	(	(	PUNCT
ftr-433	522	12	itc	itc	PROPN
ftr-433	522	13	)	)	PUNCT
ftr-433	522	14	was	be	AUX
ftr-433	522	15	designed	design	VERB
ftr-433	522	16	to	to	PART
ftr-433	522	17	produce	produce	VERB
ftr-433	522	18	an	an	DET
ftr-433	522	19	overall	overall	ADJ
ftr-433	522	20	cost	cost	NOUN
ftr-433	522	21	recovery	recovery	NOUN
ftr-433	522	22	allowance	allowance	NOUN
ftr-433	522	23	with	with	ADP
ftr-433	522	24	an	an	DET
ftr-433	522	25	after	after	ADP
ftr-433	522	26	-	-	PUNCT
ftr-433	522	27	tax	tax	NOUN
ftr-433	522	28	present	present	ADJ
ftr-433	522	29	value	value	NOUN
ftr-433	522	30	equal	equal	ADJ
ftr-433	522	31	to	to	ADP
ftr-433	522	32	the	the	DET
ftr-433	522	33	amount	amount	NOUN
ftr-433	522	34	invested	invest	VERB
ftr-433	522	35	for	for	ADP
ftr-433	522	36	most	most	ADJ
ftr-433	522	37	classes	class	NOUN
ftr-433	522	38	of	of	ADP
ftr-433	522	39	personal	personal	ADJ
ftr-433	522	40	property	property	NOUN
ftr-433	522	41	under	under	ADP
ftr-433	522	42	then	then	ADV
ftr-433	522	43	prevailing	prevail	VERB
ftr-433	522	44	conditions	condition	NOUN
ftr-433	522	45	,	,	PUNCT
ftr-433	522	46	and	and	CCONJ
ftr-433	522	47	is	be	AUX
ftr-433	522	48	usually	usually	ADV
ftr-433	522	49	referred	refer	VERB
ftr-433	522	50	to	to	ADP
ftr-433	522	51	as	as	ADP
ftr-433	522	52	expensing	expense	VERB
ftr-433	522	53	-	-	PUNCT
ftr-433	522	54	equivalent	equivalent	NOUN
ftr-433	522	55	by	by	ADP
ftr-433	522	56	commentators	commentator	NOUN
ftr-433	522	57	.	.	PUNCT
ftr-433	523	1	because	because	SCONJ
ftr-433	523	2	the	the	DET
ftr-433	523	3	conservative	conservative	ADJ
ftr-433	523	4	discount	discount	NOUN
ftr-433	523	5	rate	rate	NOUN
ftr-433	523	6	assumptions	assumption	NOUN
ftr-433	523	7	implicit70	implicit70	NOUN
ftr-433	523	8	in	in	ADP
ftr-433	523	9	the	the	DET
ftr-433	523	10	original	original	ADJ
ftr-433	523	11	scheme	scheme	NOUN
ftr-433	523	12	made	make	VERB
ftr-433	523	13	it	it	PRON
ftr-433	523	14	more	more	ADV
ftr-433	523	15	generous	generous	ADJ
ftr-433	523	16	than	than	ADP
ftr-433	523	17	expensing	expense	VERB
ftr-433	523	18	as	as	SCONJ
ftr-433	523	19	interest	interest	NOUN
ftr-433	523	20	rates	rate	NOUN
ftr-433	523	21	subsequently	subsequently	ADV
ftr-433	523	22	rose	rise	VERB
ftr-433	523	23	,	,	PUNCT
ftr-433	523	24	as	as	ADP
ftr-433	523	25	part	part	NOUN
ftr-433	523	26	of	of	ADP
ftr-433	523	27	the	the	DET
ftr-433	523	28	tax	tax	NOUN
ftr-433	523	29	equity	equity	NOUN
ftr-433	523	30	and	and	CCONJ
ftr-433	523	31	fiscal	fiscal	ADJ
ftr-433	523	32	responsibility	responsibility	NOUN
ftr-433	523	33	act	act	NOUN
ftr-433	523	34	of	of	ADP
ftr-433	523	35	1982	1982	NUM
ftr-433	523	36	(	(	PUNCT
ftr-433	523	37	tefra	tefra	PROPN
ftr-433	523	38	)	)	PUNCT
ftr-433	523	39	,	,	PUNCT
ftr-433	523	40	congress	congress	PROPN
ftr-433	523	41	adjusted	adjust	VERB
ftr-433	523	42	the	the	DET
ftr-433	523	43	statutory	statutory	ADJ
ftr-433	523	44	scheme	scheme	NOUN
ftr-433	523	45	in	in	ADP
ftr-433	523	46	order	order	NOUN
ftr-433	523	47	to	to	PART
ftr-433	523	48	reduce	reduce	VERB
ftr-433	523	49	the	the	DET
ftr-433	523	50	interest	interest	NOUN
ftr-433	523	51	rate	rate	NOUN
ftr-433	523	52	at	at	ADP
ftr-433	523	53	which	which	PRON
ftr-433	523	54	expensing	expense	VERB
ftr-433	523	55	-	-	PUNCT
ftr-433	523	56	equivalence	equivalence	NOUN
ftr-433	523	57	would	would	AUX
ftr-433	523	58	exist.71	exist.71	VERB
ftr-433	523	59	although	although	SCONJ
ftr-433	523	60	cost	cost	NOUN
ftr-433	523	61	recovery	recovery	NOUN
ftr-433	523	62	schedules	schedule	NOUN
ftr-433	523	63	that	that	PRON
ftr-433	523	64	meet	meet	VERB
ftr-433	523	65	congress	congress	PROPN
ftr-433	523	66	’s	’s	PART
ftr-433	523	67	financial	financial	ADJ
ftr-433	523	68	criterion	criterion	NOUN
ftr-433	523	69	are	be	AUX
ftr-433	523	70	characterized	characterize	VERB
ftr-433	523	71	as	as	ADP
ftr-433	523	72	“	"	PUNCT
ftr-433	523	73	expensing	expense	VERB
ftr-433	523	74	equivalent	equivalent	NOUN
ftr-433	523	75	”	"	PUNCT
ftr-433	523	76	or	or	CCONJ
ftr-433	523	77	even	even	ADV
ftr-433	523	78	beyond	beyond	ADV
ftr-433	523	79	,	,	PUNCT
ftr-433	523	80	these72	these72	VERB
ftr-433	523	81	schedules	schedule	NOUN
ftr-433	523	82	can	can	AUX
ftr-433	523	83	produce	produce	VERB
ftr-433	523	84	results	result	NOUN
ftr-433	523	85	that	that	PRON
ftr-433	523	86	differ	differ	VERB
ftr-433	523	87	from	from	ADP
ftr-433	523	88	those	those	PRON
ftr-433	523	89	produced	produce	VERB
ftr-433	523	90	by	by	ADP
ftr-433	523	91	theoretical	theoretical	ADJ
ftr-433	523	92	simultaneous	simultaneous	ADJ
ftr-433	523	93	expensing	expensing	NOUN
ftr-433	523	94	.	.	PUNCT
ftr-433	524	1	for	for	ADP
ftr-433	524	2	example	example	NOUN
ftr-433	524	3	,	,	PUNCT
ftr-433	524	4	table	table	NOUN
ftr-433	524	5	6	6	NUM
ftr-433	524	6	below	below	ADV
ftr-433	524	7	represents	represent	VERB
ftr-433	524	8	an	an	DET
ftr-433	524	9	investment	investment	NOUN
ftr-433	524	10	subject	subject	NOUN
ftr-433	524	11	to	to	ADP
ftr-433	524	12	acrs	acr	NOUN
ftr-433	524	13	and	and	CCONJ
ftr-433	524	14	itc	itc	PROPN
ftr-433	524	15	cost	cost	NOUN
ftr-433	524	16	recovery	recovery	NOUN
ftr-433	524	17	under	under	ADP
ftr-433	524	18	the	the	DET
ftr-433	524	19	economic	economic	ADJ
ftr-433	524	20	recovery	recovery	NOUN
ftr-433	524	21	tax	tax	NOUN
ftr-433	524	22	act	act	NOUN
ftr-433	524	23	of	of	ADP
ftr-433	524	24	1981	1981	NUM
ftr-433	524	25	as	as	SCONJ
ftr-433	524	26	originally	originally	ADV
ftr-433	524	27	enacted	enact	VERB
ftr-433	524	28	.	.	PUNCT
ftr-433	525	1	this	this	DET
ftr-433	525	2	combination	combination	NOUN
ftr-433	525	3	of	of	ADP
ftr-433	525	4	recovery	recovery	NOUN
ftr-433	525	5	allowances	allowance	NOUN
ftr-433	525	6	has73	has73	PROPN
ftr-433	525	7	been	be	AUX
ftr-433	525	8	described	describe	VERB
ftr-433	525	9	as	as	ADP
ftr-433	525	10	expensing	expense	VERB
ftr-433	525	11	equivalent	equivalent	NOUN
ftr-433	525	12	because	because	SCONJ
ftr-433	525	13	the	the	DET
ftr-433	525	14	after	after	ADP
ftr-433	525	15	-	-	PUNCT
ftr-433	525	16	tax	tax	NOUN
ftr-433	525	17	present	present	ADJ
ftr-433	525	18	value	value	NOUN
ftr-433	525	19	of	of	ADP
ftr-433	525	20	tax	tax	NOUN
ftr-433	525	21	-	-	PUNCT
ftr-433	525	22	free	free	ADJ
ftr-433	525	23	recovery	recovery	NOUN
ftr-433	525	24	under	under	ADP
ftr-433	525	25	this	this	DET
ftr-433	525	26	method	method	NOUN
ftr-433	525	27	equals	equal	VERB
ftr-433	525	28	or	or	CCONJ
ftr-433	525	29	exceeds	exceed	VERB
ftr-433	525	30	the	the	DET
ftr-433	525	31	amount	amount	NOUN
ftr-433	525	32	of	of	ADP
ftr-433	525	33	the	the	DET
ftr-433	525	34	nominal	nominal	ADJ
ftr-433	525	35	investment	investment	NOUN
ftr-433	525	36	.	.	PUNCT
ftr-433	526	1	table	table	NOUN
ftr-433	526	2	6	6	NUM
ftr-433	526	3	converts	convert	NOUN
ftr-433	526	4	the	the	DET
ftr-433	526	5	6	6	NUM
ftr-433	526	6	%	%	NOUN
ftr-433	526	7	itc	itc	PROPN
ftr-433	526	8	,	,	PUNCT
ftr-433	526	9	for	for	ADP
ftr-433	526	10	which	which	PRON
ftr-433	526	11	3	3	NUM
ftr-433	526	12	-	-	PUNCT
ftr-433	526	13	year	year	NOUN
ftr-433	526	14	recovery74	recovery74	NOUN
ftr-433	526	15	property	property	NOUN
ftr-433	526	16	was	be	AUX
ftr-433	526	17	eligible	eligible	ADJ
ftr-433	526	18	after	after	ADP
ftr-433	526	19	erta	erta	NOUN
ftr-433	526	20	,	,	PUNCT
ftr-433	526	21	into	into	ADP
ftr-433	526	22	an	an	DET
ftr-433	526	23	equivalent	equivalent	ADJ
ftr-433	526	24	deduction	deduction	NOUN
ftr-433	526	25	of	of	ADP
ftr-433	526	26	$	$	SYM
ftr-433	526	27	12	12	NUM
ftr-433	526	28	in	in	ADP
ftr-433	526	29	year	year	NOUN
ftr-433	526	30	1	1	NUM
ftr-433	526	31	based	base	VERB
ftr-433	526	32	on	on	ADP
ftr-433	526	33	the	the	DET
ftr-433	526	34	50	50	NUM
ftr-433	526	35	%	%	NOUN
ftr-433	526	36	tax	tax	NOUN
ftr-433	526	37	rate	rate	NOUN
ftr-433	526	38	used	use	VERB
ftr-433	526	39	in	in	ADP
ftr-433	526	40	our	our	PRON
ftr-433	526	41	investment	investment	NOUN
ftr-433	526	42	model	model	NOUN
ftr-433	526	43	.	.	PUNCT
ftr-433	527	1	thus	thus	ADV
ftr-433	527	2	,	,	PUNCT
ftr-433	527	3	the	the	DET
ftr-433	527	4	recovery	recovery	NOUN
ftr-433	527	5	deduction	deduction	NOUN
ftr-433	527	6	for	for	ADP
ftr-433	527	7	year	year	NOUN
ftr-433	527	8	1	1	NUM
ftr-433	527	9	in	in	ADP
ftr-433	527	10	table	table	NOUN
ftr-433	527	11	6	6	NUM
ftr-433	527	12	is	be	AUX
ftr-433	527	13	$	$	SYM
ftr-433	527	14	37	37	NUM
ftr-433	527	15	,	,	PUNCT
ftr-433	527	16	which	which	PRON
ftr-433	527	17	is	be	AUX
ftr-433	527	18	the	the	DET
ftr-433	527	19	sum	sum	NOUN
ftr-433	527	20	of	of	ADP
ftr-433	527	21	a	a	DET
ftr-433	527	22	first	first	ADJ
ftr-433	527	23	year	year	NOUN
ftr-433	527	24	acrs	acr	NOUN
ftr-433	527	25	2002	2002	NUM
ftr-433	527	26	]	]	PUNCT
ftr-433	527	27	normative	normative	ADJ
ftr-433	527	28	capital	capital	NOUN
ftr-433	527	29	cost	cost	NOUN
ftr-433	527	30	recovery	recovery	NOUN
ftr-433	527	31	489	489	NUM
ftr-433	527	32	75	75	NUM
ftr-433	527	33	.	.	PUNCT
ftr-433	528	1	the	the	DET
ftr-433	528	2	conditions	condition	NOUN
ftr-433	528	3	required	require	VERB
ftr-433	528	4	to	to	PART
ftr-433	528	5	produce	produce	VERB
ftr-433	528	6	expensing	expensing	NOUN
ftr-433	528	7	-	-	PUNCT
ftr-433	528	8	equivalence	equivalence	NOUN
ftr-433	528	9	under	under	ADP
ftr-433	528	10	the	the	DET
ftr-433	528	11	prevailing	prevail	VERB
ftr-433	528	12	definition	definition	NOUN
ftr-433	528	13	depends	depend	VERB
ftr-433	528	14	on	on	ADP
ftr-433	528	15	the	the	DET
ftr-433	528	16	after	after	ADP
ftr-433	528	17	-	-	PUNCT
ftr-433	528	18	tax	tax	NOUN
ftr-433	528	19	discount	discount	NOUN
ftr-433	528	20	rate	rate	NOUN
ftr-433	528	21	,	,	PUNCT
ftr-433	528	22	the	the	DET
ftr-433	528	23	applicable	applicable	ADJ
ftr-433	528	24	tax	tax	NOUN
ftr-433	528	25	rate	rate	NOUN
ftr-433	528	26	and	and	CCONJ
ftr-433	528	27	the	the	DET
ftr-433	528	28	timing	timing	NOUN
ftr-433	528	29	conventions	convention	NOUN
ftr-433	528	30	used	use	VERB
ftr-433	528	31	.	.	PUNCT
ftr-433	529	1	auerbach	auerbach	PROPN
ftr-433	529	2	gives	give	VERB
ftr-433	529	3	the	the	DET
ftr-433	529	4	first	first	ADJ
ftr-433	529	5	year	year	NOUN
ftr-433	529	6	depreciation	depreciation	NOUN
ftr-433	529	7	deduction	deduction	NOUN
ftr-433	529	8	a	a	DET
ftr-433	529	9	present	present	ADJ
ftr-433	529	10	value	value	NOUN
ftr-433	529	11	equal	equal	ADJ
ftr-433	529	12	to	to	ADP
ftr-433	529	13	nominal	nominal	ADJ
ftr-433	529	14	value	value	NOUN
ftr-433	529	15	.	.	PUNCT
ftr-433	530	1	under	under	ADP
ftr-433	530	2	the	the	DET
ftr-433	530	3	timing	timing	NOUN
ftr-433	530	4	conventions	convention	NOUN
ftr-433	530	5	used	use	VERB
ftr-433	530	6	in	in	ADP
ftr-433	530	7	this	this	DET
ftr-433	530	8	article	article	NOUN
ftr-433	530	9	,	,	PUNCT
ftr-433	530	10	that	that	PRON
ftr-433	530	11	is	be	AUX
ftr-433	530	12	the	the	DET
ftr-433	530	13	equivalent	equivalent	NOUN
ftr-433	530	14	of	of	ADP
ftr-433	530	15	expensing	expense	VERB
ftr-433	530	16	the	the	DET
ftr-433	530	17	first	first	ADJ
ftr-433	530	18	year	year	NOUN
ftr-433	530	19	recovery	recovery	NOUN
ftr-433	530	20	deduction	deduction	NOUN
ftr-433	530	21	under	under	ADP
ftr-433	530	22	every	every	DET
ftr-433	530	23	cost	cost	NOUN
ftr-433	530	24	recovery	recovery	NOUN
ftr-433	530	25	method	method	NOUN
ftr-433	530	26	.	.	PUNCT
ftr-433	531	1	thus	thus	ADV
ftr-433	531	2	,	,	PUNCT
ftr-433	531	3	acrs	acr	NOUN
ftr-433	531	4	recovery	recovery	NOUN
ftr-433	531	5	for	for	ADP
ftr-433	531	6	three	three	NUM
ftr-433	531	7	year	year	NOUN
ftr-433	531	8	property	property	NOUN
ftr-433	531	9	in	in	ADP
ftr-433	531	10	auerbach	auerbach	PROPN
ftr-433	531	11	’s	’s	PART
ftr-433	531	12	discussion	discussion	NOUN
ftr-433	531	13	has	have	VERB
ftr-433	531	14	a	a	DET
ftr-433	531	15	present	present	ADJ
ftr-433	531	16	value	value	NOUN
ftr-433	531	17	of	of	ADP
ftr-433	531	18	.8842	.8842	NOUN
ftr-433	531	19	.	.	PUNCT
ftr-433	532	1	see	see	VERB
ftr-433	532	2	auerbach	auerbach	PROPN
ftr-433	532	3	,	,	PUNCT
ftr-433	532	4	auerbach	auerbach	PROPN
ftr-433	532	5	convention	convention	PROPN
ftr-433	532	6	,	,	PUNCT
ftr-433	532	7	supra	supra	PROPN
ftr-433	532	8	note	note	PROPN
ftr-433	532	9	57	57	NUM
ftr-433	532	10	,	,	PUNCT
ftr-433	532	11	at	at	ADP
ftr-433	532	12	1340	1340	NUM
ftr-433	532	13	n.102	n.102	NOUN
ftr-433	532	14	,	,	PUNCT
ftr-433	532	15	1346	1346	NUM
ftr-433	532	16	.	.	PUNCT
ftr-433	533	1	employing	employ	VERB
ftr-433	533	2	the	the	DET
ftr-433	533	3	last	last	ADJ
ftr-433	533	4	day	day	NOUN
ftr-433	533	5	convention	convention	NOUN
ftr-433	533	6	used	use	VERB
ftr-433	533	7	by	by	ADP
ftr-433	533	8	this	this	DET
ftr-433	533	9	article	article	NOUN
ftr-433	533	10	,	,	PUNCT
ftr-433	533	11	the	the	DET
ftr-433	533	12	first	first	ADJ
ftr-433	533	13	year	year	NOUN
ftr-433	533	14	recovery	recovery	NOUN
ftr-433	533	15	deduction	deduction	NOUN
ftr-433	533	16	is	be	AUX
ftr-433	533	17	not	not	PART
ftr-433	533	18	expensed	expense	VERB
ftr-433	533	19	and	and	CCONJ
ftr-433	533	20	the	the	DET
ftr-433	533	21	same	same	ADJ
ftr-433	533	22	recovery	recovery	NOUN
ftr-433	533	23	method	method	NOUN
ftr-433	533	24	has	have	VERB
ftr-433	533	25	a	a	DET
ftr-433	533	26	present	present	ADJ
ftr-433	533	27	value	value	NOUN
ftr-433	533	28	of	of	ADP
ftr-433	533	29	only	only	ADV
ftr-433	533	30	.7895	.7895	PROPN
ftr-433	533	31	.	.	PUNCT
ftr-433	534	1	similarly	similarly	ADV
ftr-433	534	2	,	,	PUNCT
ftr-433	534	3	if	if	SCONJ
ftr-433	534	4	the	the	DET
ftr-433	534	5	itc	itc	PROPN
ftr-433	534	6	-	-	PUNCT
ftr-433	534	7	equivalent	equivalent	ADJ
ftr-433	534	8	deduction	deduction	NOUN
ftr-433	534	9	is	be	AUX
ftr-433	534	10	treated	treat	VERB
ftr-433	534	11	as	as	ADP
ftr-433	534	12	2occurring	2occurring	NUM
ftr-433	534	13	at	at	ADP
ftr-433	534	14	time	time	NOUN
ftr-433	534	15	0	0	NUM
ftr-433	534	16	,	,	PUNCT
ftr-433	534	17	the	the	DET
ftr-433	534	18	pv	pv	NOUN
ftr-433	534	19	of	of	ADP
ftr-433	534	20	the	the	DET
ftr-433	534	21	atcf	atcf	NOUN
ftr-433	534	22	becomes	become	VERB
ftr-433	534	23	$	$	SYM
ftr-433	534	24	7.04	7.04	NUM
ftr-433	534	25	,	,	PUNCT
ftr-433	534	26	and	and	CCONJ
ftr-433	534	27	the	the	DET
ftr-433	534	28	irr	irr	NOUN
ftr-433	534	29	of	of	ADP
ftr-433	534	30	the	the	DET
ftr-433	534	31	atcf	atcf	NOUN
ftr-433	534	32	becomes	become	VERB
ftr-433	534	33	8.4	8.4	NUM
ftr-433	534	34	%	%	NOUN
ftr-433	534	35	.	.	PUNCT
ftr-433	535	1	the	the	DET
ftr-433	535	2	choice	choice	NOUN
ftr-433	535	3	of	of	ADP
ftr-433	535	4	timing	timing	NOUN
ftr-433	535	5	conventions	convention	NOUN
ftr-433	535	6	,	,	PUNCT
ftr-433	535	7	however	however	ADV
ftr-433	535	8	,	,	PUNCT
ftr-433	535	9	should	should	AUX
ftr-433	535	10	only	only	ADV
ftr-433	535	11	affect	affect	VERB
ftr-433	535	12	the	the	DET
ftr-433	535	13	discount	discount	NOUN
ftr-433	535	14	rate	rate	NOUN
ftr-433	535	15	at	at	ADP
ftr-433	535	16	which	which	PRON
ftr-433	535	17	a	a	DET
ftr-433	535	18	given	give	VERB
ftr-433	535	19	“	"	PUNCT
ftr-433	535	20	recovery	recovery	NOUN
ftr-433	535	21	method	method	NOUN
ftr-433	535	22	”	"	PUNCT
ftr-433	535	23	becomes	become	VERB
ftr-433	535	24	“	"	PUNCT
ftr-433	535	25	expensing	expense	VERB
ftr-433	535	26	-	-	PUNCT
ftr-433	535	27	equivalent	equivalent	NOUN
ftr-433	535	28	.	.	PUNCT
ftr-433	535	29	”	"	PUNCT
ftr-433	536	1	cf	cf	INTJ
ftr-433	536	2	.	.	PUNCT
ftr-433	537	1	i	i	PRON
ftr-433	537	2	d.	d.	PROPN
ftr-433	537	3	at	at	ADP
ftr-433	537	4	1347	1347	NUM
ftr-433	537	5	(	(	PUNCT
ftr-433	537	6	expensing	expense	VERB
ftr-433	537	7	equivalence	equivalence	NOUN
ftr-433	537	8	for	for	ADP
ftr-433	537	9	3	3	NUM
ftr-433	537	10	-	-	PUNCT
ftr-433	537	11	year	year	NOUN
ftr-433	537	12	recovery	recovery	NOUN
ftr-433	537	13	property	property	NOUN
ftr-433	537	14	at	at	ADP
ftr-433	537	15	12	12	NUM
ftr-433	537	16	%	%	NOUN
ftr-433	537	17	after	after	ADP
ftr-433	537	18	-	-	PUNCT
ftr-433	537	19	tax	tax	NOUN
ftr-433	537	20	discount	discount	NOUN
ftr-433	537	21	rate	rate	NOUN
ftr-433	537	22	)	)	PUNCT
ftr-433	537	23	;	;	PUNCT
ftr-433	537	24	supra	supra	ADJ
ftr-433	537	25	table	table	NOUN
ftr-433	537	26	6	6	NUM
ftr-433	537	27	(	(	PUNCT
ftr-433	537	28	expensing	expense	VERB
ftr-433	537	29	equivalence	equivalence	NOUN
ftr-433	537	30	for	for	ADP
ftr-433	537	31	3	3	NUM
ftr-433	537	32	-	-	PUNCT
ftr-433	537	33	year	year	NOUN
ftr-433	537	34	recovery	recovery	NOUN
ftr-433	537	35	property	property	NOUN
ftr-433	537	36	at	at	ADP
ftr-433	537	37	5	5	NUM
ftr-433	537	38	%	%	NOUN
ftr-433	537	39	after	after	ADP
ftr-433	537	40	-	-	PUNCT
ftr-433	537	41	tax	tax	NOUN
ftr-433	537	42	discount	discount	NOUN
ftr-433	537	43	rate	rate	NOUN
ftr-433	537	44	)	)	PUNCT
ftr-433	537	45	.	.	PUNCT
ftr-433	538	1	for	for	ADP
ftr-433	538	2	a	a	DET
ftr-433	538	3	formula	formula	NOUN
ftr-433	538	4	and	and	CCONJ
ftr-433	538	5	a	a	DET
ftr-433	538	6	complete	complete	ADJ
ftr-433	538	7	set	set	NOUN
ftr-433	538	8	of	of	ADP
ftr-433	538	9	tables	table	NOUN
ftr-433	538	10	presenting	present	VERB
ftr-433	538	11	the	the	DET
ftr-433	538	12	combination	combination	NOUN
ftr-433	538	13	of	of	ADP
ftr-433	538	14	tax	tax	NOUN
ftr-433	538	15	rate	rate	NOUN
ftr-433	538	16	and	and	CCONJ
ftr-433	538	17	after	after	ADP
ftr-433	538	18	-	-	PUNCT
ftr-433	538	19	tax	tax	NOUN
ftr-433	538	20	discount	discount	NOUN
ftr-433	538	21	rate	rate	NOUN
ftr-433	538	22	at	at	ADP
ftr-433	538	23	which	which	PRON
ftr-433	538	24	this	this	DET
ftr-433	538	25	result	result	NOUN
ftr-433	538	26	pertains	pertain	VERB
ftr-433	538	27	based	base	VERB
ftr-433	538	28	on	on	ADP
ftr-433	538	29	the	the	DET
ftr-433	538	30	auerbach	auerbach	PROPN
ftr-433	538	31	convention	convention	PROPN
ftr-433	538	32	,	,	PUNCT
ftr-433	538	33	see	see	VERB
ftr-433	538	34	johnson	johnson	PROPN
ftr-433	538	35	,	,	PUNCT
ftr-433	538	36	mismatch	mismatch	PROPN
ftr-433	538	37	,	,	PUNCT
ftr-433	538	38	supra	supra	PROPN
ftr-433	538	39	note	note	NOUN
ftr-433	538	40	70	70	NUM
ftr-433	538	41	,	,	PUNCT
ftr-433	538	42	at	at	ADP
ftr-433	538	43	1021	1021	NUM
ftr-433	538	44	-	-	SYM
ftr-433	538	45	25	25	NUM
ftr-433	538	46	.	.	PUNCT
ftr-433	539	1	76	76	NUM
ftr-433	539	2	.	.	PUNCT
ftr-433	540	1	note	note	VERB
ftr-433	540	2	that	that	SCONJ
ftr-433	540	3	total	total	ADJ
ftr-433	540	4	nominal	nominal	ADJ
ftr-433	540	5	recovery	recovery	NOUN
ftr-433	540	6	deductions	deduction	NOUN
ftr-433	540	7	(	(	PUNCT
ftr-433	540	8	$	$	SYM
ftr-433	540	9	112.00	112.00	NUM
ftr-433	540	10	)	)	PUNCT
ftr-433	540	11	exceed	exceed	VERB
ftr-433	540	12	nominal	nominal	ADJ
ftr-433	540	13	investment	investment	NOUN
ftr-433	540	14	(	(	PUNCT
ftr-433	540	15	$	$	SYM
ftr-433	540	16	100.00	100.00	NUM
ftr-433	540	17	)	)	PUNCT
ftr-433	540	18	.	.	PUNCT
ftr-433	541	1	this	this	PRON
ftr-433	541	2	is	be	AUX
ftr-433	541	3	because	because	SCONJ
ftr-433	541	4	the	the	DET
ftr-433	541	5	6	6	NUM
ftr-433	541	6	%	%	NOUN
ftr-433	541	7	(	(	PUNCT
ftr-433	541	8	$	$	SYM
ftr-433	541	9	6.00	6.00	NUM
ftr-433	541	10	)	)	PUNCT
ftr-433	541	11	itc	itc	PROPN
ftr-433	541	12	is	be	AUX
ftr-433	541	13	the	the	DET
ftr-433	541	14	equivalent	equivalent	NOUN
ftr-433	541	15	of	of	ADP
ftr-433	541	16	a	a	DET
ftr-433	541	17	$	$	SYM
ftr-433	541	18	12.00	12.00	NUM
ftr-433	541	19	deduction	deduction	NOUN
ftr-433	541	20	in	in	ADP
ftr-433	541	21	year	year	NOUN
ftr-433	541	22	1	1	NUM
ftr-433	541	23	given	give	VERB
ftr-433	541	24	a	a	DET
ftr-433	541	25	50	50	NUM
ftr-433	541	26	%	%	NOUN
ftr-433	541	27	tax	tax	NOUN
ftr-433	541	28	rate	rate	NOUN
ftr-433	541	29	,	,	PUNCT
ftr-433	541	30	and	and	CCONJ
ftr-433	541	31	this	this	PRON
ftr-433	541	32	increases	increase	VERB
ftr-433	541	33	the	the	DET
ftr-433	541	34	year	year	NOUN
ftr-433	541	35	1	1	NUM
ftr-433	541	36	recovery	recovery	NOUN
ftr-433	541	37	deduction	deduction	NOUN
ftr-433	541	38	in	in	ADP
ftr-433	541	39	table	table	NOUN
ftr-433	541	40	6	6	NUM
ftr-433	541	41	from	from	ADP
ftr-433	541	42	$	$	SYM
ftr-433	541	43	25.00	25.00	NUM
ftr-433	541	44	to	to	PART
ftr-433	541	45	$	$	SYM
ftr-433	541	46	37.00	37.00	NUM
ftr-433	541	47	and	and	CCONJ
ftr-433	541	48	the	the	DET
ftr-433	541	49	total	total	ADJ
ftr-433	541	50	recovery	recovery	NOUN
ftr-433	541	51	deductions	deduction	NOUN
ftr-433	541	52	from	from	ADP
ftr-433	541	53	$	$	SYM
ftr-433	541	54	100.00	100.00	NUM
ftr-433	541	55	to	to	ADP
ftr-433	541	56	$	$	SYM
ftr-433	541	57	112.00	112.00	NUM
ftr-433	541	58	.	.	PUNCT
ftr-433	542	1	this	this	PRON
ftr-433	542	2	also	also	ADV
ftr-433	542	3	causes	cause	VERB
ftr-433	542	4	total	total	ADJ
ftr-433	542	5	nominal	nominal	ADJ
ftr-433	542	6	after	after	ADP
ftr-433	542	7	-	-	PUNCT
ftr-433	542	8	tax	tax	NOUN
ftr-433	542	9	cash	cash	NOUN
ftr-433	542	10	flow	flow	NOUN
ftr-433	542	11	(	(	PUNCT
ftr-433	542	12	$	$	SYM
ftr-433	542	13	119.10	119.10	NUM
ftr-433	542	14	)	)	PUNCT
ftr-433	542	15	to	to	PART
ftr-433	542	16	exceed	exceed	VERB
ftr-433	542	17	the	the	DET
ftr-433	542	18	after	after	ADP
ftr-433	542	19	-	-	PUNCT
ftr-433	542	20	tax	tax	NOUN
ftr-433	542	21	cash	cash	NOUN
ftr-433	542	22	flow	flow	NOUN
ftr-433	542	23	produced	produce	VERB
ftr-433	542	24	by	by	ADP
ftr-433	542	25	all	all	DET
ftr-433	542	26	true	true	ADJ
ftr-433	542	27	recovery	recovery	NOUN
ftr-433	542	28	methods	method	NOUN
ftr-433	542	29	(	(	PUNCT
ftr-433	542	30	$	$	SYM
ftr-433	542	31	113.10	113.10	NUM
ftr-433	542	32	)	)	PUNCT
ftr-433	542	33	by	by	ADP
ftr-433	542	34	recovery	recovery	NOUN
ftr-433	542	35	deduction	deduction	NOUN
ftr-433	542	36	of	of	ADP
ftr-433	542	37	$	$	SYM
ftr-433	542	38	25	25	NUM
ftr-433	542	39	and	and	CCONJ
ftr-433	542	40	an	an	DET
ftr-433	542	41	itc	itc	NOUN
ftr-433	542	42	-	-	PUNCT
ftr-433	542	43	equivalent	equivalent	ADJ
ftr-433	542	44	deduction	deduction	NOUN
ftr-433	542	45	of	of	ADP
ftr-433	542	46	$	$	SYM
ftr-433	542	47	12	12	NUM
ftr-433	542	48	.	.	PUNCT
ftr-433	543	1	that	that	DET
ftr-433	543	2	deduction	deduction	NOUN
ftr-433	543	3	is	be	AUX
ftr-433	543	4	computed	compute	VERB
ftr-433	543	5	as	as	ADP
ftr-433	543	6	occurring	occur	VERB
ftr-433	543	7	on	on	ADP
ftr-433	543	8	the	the	DET
ftr-433	543	9	last	last	ADJ
ftr-433	543	10	day	day	NOUN
ftr-433	543	11	of	of	ADP
ftr-433	543	12	year	year	NOUN
ftr-433	543	13	1.75	1.75	NUM
ftr-433	543	14	table	table	NOUN
ftr-433	543	15	6	6	NUM
ftr-433	543	16	:	:	PUNCT
ftr-433	543	17	acrs	acrs	PROPN
ftr-433	543	18	/	/	SYM
ftr-433	543	19	itc	itc	NOUN
ftr-433	543	20	expensing	expense	VERB
ftr-433	543	21	-	-	PUNCT
ftr-433	543	22	equivalent	equivalent	NOUN
ftr-433	543	23	cost	cost	NOUN
ftr-433	543	24	recovery	recovery	NOUN
ftr-433	543	25	year	year	NOUN
ftr-433	544	1	g.i	g.i	PROPN
ftr-433	544	2	.	.	PUNCT
ftr-433	545	1	rcvry	rcvry	PROPN
ftr-433	545	2	t.i	t.i	PROPN
ftr-433	545	3	.	.	PROPN
ftr-433	545	4	ptcf	ptcf	PROPN
ftr-433	545	5	due	due	ADJ
ftr-433	545	6	atcf	atcf	NOUN
ftr-433	545	7	0	0	NUM
ftr-433	546	1	$	$	SYM
ftr-433	546	2	0.00	0.00	NUM
ftr-433	546	3	$	$	SYM
ftr-433	546	4	0.00	0.00	NUM
ftr-433	546	5	$	$	SYM
ftr-433	546	6	0.00	0.00	NUM
ftr-433	546	7	(	(	PUNCT
ftr-433	546	8	$	$	SYM
ftr-433	546	9	100.00	100.00	NUM
ftr-433	546	10	)	)	PUNCT
ftr-433	546	11	$	$	SYM
ftr-433	546	12	0.00	0.00	NUM
ftr-433	546	13	(	(	PUNCT
ftr-433	546	14	$	$	SYM
ftr-433	546	15	100.00	100.00	NUM
ftr-433	546	16	)	)	PUNCT
ftr-433	546	17	1	1	NUM
ftr-433	546	18	31.55	31.55	NUM
ftr-433	546	19	37.00	37.00	NUM
ftr-433	546	20	-5.45	-5.45	NUM
ftr-433	546	21	31.55	31.55	NUM
ftr-433	546	22	-2.73	-2.73	NUM
ftr-433	546	23	34.28	34.28	NUM
ftr-433	546	24	2	2	NUM
ftr-433	546	25	31.55	31.55	NUM
ftr-433	546	26	38.00	38.00	NUM
ftr-433	546	27	-6.45	-6.45	NUM
ftr-433	546	28	31.55	31.55	NUM
ftr-433	546	29	-3.23	-3.23	NUM
ftr-433	546	30	34.78	34.78	NUM
ftr-433	546	31	3	3	NUM
ftr-433	546	32	31.55	31.55	NUM
ftr-433	546	33	37.00	37.00	NUM
ftr-433	546	34	-5.45	-5.45	NUM
ftr-433	546	35	31.55	31.55	NUM
ftr-433	546	36	-2.73	-2.73	NUM
ftr-433	546	37	34.28	34.28	NUM
ftr-433	546	38	4	4	NUM
ftr-433	546	39	31.55	31.55	NUM
ftr-433	546	40	0.00	0.00	NUM
ftr-433	546	41	31.55	31.55	NUM
ftr-433	546	42	31.55	31.55	NUM
ftr-433	546	43	15.78	15.78	NUM
ftr-433	546	44	15.78	15.78	NUM
ftr-433	546	45	tot	tot	NOUN
ftr-433	546	46	126.20	126.20	NUM
ftr-433	546	47	112.00	112.00	NUM
ftr-433	546	48	14.20	14.20	NUM
ftr-433	546	49	126.20	126.20	NUM
ftr-433	546	50	7.09	7.09	NUM
ftr-433	546	51	119.12	119.12	NUM
ftr-433	546	52	1pv	1pv	NOUN
ftr-433	546	53	100.00	100.00	NUM
ftr-433	546	54	92.84	92.84	NUM
ftr-433	546	55	7.17	7.17	NUM
ftr-433	546	56	100.00	100.00	NUM
ftr-433	546	57	3.58	3.58	NUM
ftr-433	546	58	96.44	96.44	NUM
ftr-433	546	59	2pv	2pv	NOUN
ftr-433	546	60	111.87	111.87	NUM
ftr-433	546	61	101.67	101.67	NUM
ftr-433	546	62	10.21	10.21	NUM
ftr-433	546	63	111.87	111.87	NUM
ftr-433	546	64	5.09	5.09	NUM
ftr-433	546	65	106.79	106.79	NUM
ftr-433	546	66	irr	irr	NOUN
ftr-433	546	67	10.00	10.00	NUM
ftr-433	546	68	%	%	NOUN
ftr-433	546	69	8.18	8.18	NUM
ftr-433	546	70	%	%	NOUN
ftr-433	546	71	table	table	NOUN
ftr-433	546	72	6	6	NUM
ftr-433	546	73	demonstrates	demonstrate	VERB
ftr-433	546	74	three	three	NUM
ftr-433	546	75	points	point	NOUN
ftr-433	546	76	.	.	PUNCT
ftr-433	547	1	first	first	ADV
ftr-433	547	2	,	,	PUNCT
ftr-433	547	3	the	the	DET
ftr-433	547	4	combination	combination	NOUN
ftr-433	547	5	of	of	ADP
ftr-433	547	6	itc	itc	PROPN
ftr-433	547	7	and	and	CCONJ
ftr-433	547	8	acrs	acrs	NOUN
ftr-433	547	9	is	be	AUX
ftr-433	547	10	not	not	PART
ftr-433	547	11	a	a	DET
ftr-433	547	12	true	true	ADJ
ftr-433	547	13	“	"	PUNCT
ftr-433	547	14	recovery	recovery	NOUN
ftr-433	547	15	”	"	PUNCT
ftr-433	547	16	method	method	NOUN
ftr-433	547	17	at	at	ADV
ftr-433	547	18	all	all	ADV
ftr-433	547	19	,	,	PUNCT
ftr-433	547	20	but	but	CCONJ
ftr-433	547	21	true	true	ADJ
ftr-433	547	22	cost	cost	NOUN
ftr-433	547	23	recovery	recovery	NOUN
ftr-433	547	24	combined	combine	VERB
ftr-433	547	25	with	with	ADP
ftr-433	547	26	a	a	DET
ftr-433	547	27	nominal	nominal	ADJ
ftr-433	547	28	tax	tax	NOUN
ftr-433	547	29	subsidy	subsidy	NOUN
ftr-433	547	30	.	.	PUNCT
ftr-433	548	1	second	second	ADJ
ftr-433	548	2	,	,	PUNCT
ftr-433	548	3	this	this	DET
ftr-433	548	4	“	"	PUNCT
ftr-433	548	5	recovery	recovery	NOUN
ftr-433	548	6	”	"	PUNCT
ftr-433	548	7	method	method	NOUN
ftr-433	548	8	produces	produces	AUX
ftr-433	548	9	greater76	greater76	NOUN
ftr-433	548	10	490	490	NUM
ftr-433	548	11	florida	florida	PROPN
ftr-433	548	12	tax	tax	PROPN
ftr-433	548	13	review	review	NOUN
ftr-433	549	1	[	[	X
ftr-433	549	2	vol	vol	NOUN
ftr-433	549	3	.	.	NOUN
ftr-433	549	4	5:7	5:7	NUM
ftr-433	549	5	$	$	SYM
ftr-433	549	6	6.00	6.00	NUM
ftr-433	549	7	(	(	PUNCT
ftr-433	549	8	due	due	ADP
ftr-433	549	9	to	to	ADP
ftr-433	549	10	the	the	DET
ftr-433	549	11	50	50	NUM
ftr-433	549	12	%	%	NOUN
ftr-433	549	13	tax	tax	NOUN
ftr-433	549	14	rate	rate	NOUN
ftr-433	549	15	)	)	PUNCT
ftr-433	549	16	.	.	PUNCT
ftr-433	550	1	compare	compare	ADJ
ftr-433	550	2	table	table	NOUN
ftr-433	550	3	1	1	NUM
ftr-433	550	4	and	and	CCONJ
ftr-433	550	5	table	table	NOUN
ftr-433	550	6	5	5	NUM
ftr-433	550	7	supra	supra	NOUN
ftr-433	550	8	,	,	PUNCT
ftr-433	550	9	which	which	PRON
ftr-433	550	10	show	show	VERB
ftr-433	550	11	economic	economic	ADJ
ftr-433	550	12	depreciation	depreciation	NOUN
ftr-433	550	13	and	and	CCONJ
ftr-433	550	14	theoretical	theoretical	ADJ
ftr-433	550	15	expensing	expensing	NOUN
ftr-433	550	16	as	as	ADP
ftr-433	550	17	a	a	DET
ftr-433	550	18	recovery	recovery	NOUN
ftr-433	550	19	method	method	NOUN
ftr-433	550	20	,	,	PUNCT
ftr-433	550	21	respectively	respectively	ADV
ftr-433	550	22	.	.	PUNCT
ftr-433	551	1	both	both	PRON
ftr-433	551	2	show	show	VERB
ftr-433	551	3	nominal	nominal	ADJ
ftr-433	551	4	atcfs	atcfs	NOUN
ftr-433	551	5	of	of	ADP
ftr-433	551	6	$	$	SYM
ftr-433	551	7	13.10	13.10	NUM
ftr-433	551	8	.	.	PUNCT
ftr-433	552	1	77	77	NUM
ftr-433	552	2	.	.	PUNCT
ftr-433	553	1	in	in	ADP
ftr-433	553	2	nominal	nominal	ADJ
ftr-433	553	3	dollar	dollar	NOUN
ftr-433	553	4	terms	term	NOUN
ftr-433	553	5	,	,	PUNCT
ftr-433	553	6	this	this	DET
ftr-433	553	7	structure	structure	NOUN
ftr-433	553	8	’s	’s	PART
ftr-433	553	9	after	after	ADP
ftr-433	553	10	-	-	PUNCT
ftr-433	553	11	tax	tax	NOUN
ftr-433	553	12	benefits	benefit	NOUN
ftr-433	553	13	exceed	exceed	VERB
ftr-433	553	14	those	those	PRON
ftr-433	553	15	provided	provide	VERB
ftr-433	553	16	by	by	ADP
ftr-433	553	17	theoretical	theoretical	ADJ
ftr-433	553	18	instantaneous	instantaneous	ADJ
ftr-433	553	19	expensing	expensing	NOUN
ftr-433	553	20	as	as	ADP
ftr-433	553	21	a	a	DET
ftr-433	553	22	recovery	recovery	NOUN
ftr-433	553	23	method	method	NOUN
ftr-433	553	24	since	since	SCONJ
ftr-433	553	25	the	the	DET
ftr-433	553	26	total	total	ADJ
ftr-433	553	27	net	net	ADJ
ftr-433	553	28	after	after	ADP
ftr-433	553	29	-	-	PUNCT
ftr-433	553	30	tax	tax	NOUN
ftr-433	553	31	cash	cash	NOUN
ftr-433	553	32	flow	flow	NOUN
ftr-433	553	33	in	in	ADP
ftr-433	553	34	table	table	NOUN
ftr-433	553	35	6	6	NUM
ftr-433	553	36	(	(	PUNCT
ftr-433	553	37	$	$	SYM
ftr-433	553	38	19.12	19.12	NUM
ftr-433	553	39	)	)	PUNCT
ftr-433	553	40	exceeds	exceed	VERB
ftr-433	553	41	the	the	DET
ftr-433	553	42	total	total	ADJ
ftr-433	553	43	after	after	ADP
ftr-433	553	44	-	-	PUNCT
ftr-433	553	45	tax	tax	NOUN
ftr-433	553	46	cash	cash	NOUN
ftr-433	553	47	flow	flow	NOUN
ftr-433	553	48	in	in	ADP
ftr-433	553	49	table	table	NOUN
ftr-433	553	50	5	5	NUM
ftr-433	553	51	(	(	PUNCT
ftr-433	553	52	$	$	SYM
ftr-433	553	53	13.10	13.10	NUM
ftr-433	553	54	)	)	PUNCT
ftr-433	553	55	.	.	PUNCT
ftr-433	554	1	compare	compare	VERB
ftr-433	554	2	supra	supra	PROPN
ftr-433	554	3	table	table	NOUN
ftr-433	554	4	1	1	NUM
ftr-433	554	5	(	(	PUNCT
ftr-433	554	6	economic	economic	ADJ
ftr-433	554	7	depreciation	depreciation	NOUN
ftr-433	554	8	)	)	PUNCT
ftr-433	554	9	,	,	PUNCT
ftr-433	554	10	table	table	NOUN
ftr-433	554	11	2	2	NUM
ftr-433	554	12	(	(	PUNCT
ftr-433	554	13	acrs	acrs	NOUN
ftr-433	554	14	)	)	PUNCT
ftr-433	554	15	,	,	PUNCT
ftr-433	554	16	table	table	NOUN
ftr-433	554	17	3	3	NUM
ftr-433	554	18	(	(	PUNCT
ftr-433	554	19	macrs	macrs	NOUN
ftr-433	554	20	)	)	PUNCT
ftr-433	554	21	,	,	PUNCT
ftr-433	554	22	and	and	CCONJ
ftr-433	554	23	table	table	NOUN
ftr-433	554	24	4	4	NUM
ftr-433	554	25	(	(	PUNCT
ftr-433	554	26	year	year	NOUN
ftr-433	554	27	end	end	NOUN
ftr-433	554	28	expensing	expense	VERB
ftr-433	554	29	)	)	PUNCT
ftr-433	554	30	all	all	PRON
ftr-433	554	31	of	of	ADP
ftr-433	554	32	which	which	PRON
ftr-433	554	33	have	have	VERB
ftr-433	554	34	net	net	ADJ
ftr-433	554	35	after	after	ADP
ftr-433	554	36	-	-	PUNCT
ftr-433	554	37	tax	tax	NOUN
ftr-433	554	38	cash	cash	NOUN
ftr-433	554	39	flows	flow	NOUN
ftr-433	554	40	of	of	ADP
ftr-433	554	41	$	$	SYM
ftr-433	554	42	13.10	13.10	NUM
ftr-433	554	43	.	.	PUNCT
ftr-433	555	1	78	78	NUM
ftr-433	555	2	.	.	PUNCT
ftr-433	556	1	the	the	DET
ftr-433	556	2	present	present	ADJ
ftr-433	556	3	value	value	NOUN
ftr-433	556	4	of	of	ADP
ftr-433	556	5	the	the	DET
ftr-433	556	6	net	net	ADJ
ftr-433	556	7	after	after	ADP
ftr-433	556	8	-	-	PUNCT
ftr-433	556	9	tax	tax	NOUN
ftr-433	556	10	cash	cash	NOUN
ftr-433	556	11	flow	flow	NOUN
ftr-433	556	12	of	of	ADP
ftr-433	556	13	$	$	SYM
ftr-433	556	14	6.79	6.79	NUM
ftr-433	556	15	in	in	ADP
ftr-433	556	16	table	table	NOUN
ftr-433	556	17	6	6	NUM
ftr-433	556	18	exceeds	exceed	VERB
ftr-433	556	19	that	that	PRON
ftr-433	556	20	of	of	ADP
ftr-433	556	21	the	the	DET
ftr-433	556	22	$	$	SYM
ftr-433	556	23	5.93	5.93	NUM
ftr-433	556	24	generated	generate	VERB
ftr-433	556	25	by	by	ADP
ftr-433	556	26	instantaneous	instantaneous	ADJ
ftr-433	556	27	expensing	expensing	NOUN
ftr-433	556	28	as	as	ADP
ftr-433	556	29	a	a	DET
ftr-433	556	30	recovery	recovery	NOUN
ftr-433	556	31	method	method	NOUN
ftr-433	556	32	in	in	ADP
ftr-433	556	33	table	table	NOUN
ftr-433	556	34	5	5	NUM
ftr-433	556	35	.	.	PUNCT
ftr-433	557	1	this	this	PRON
ftr-433	557	2	is	be	AUX
ftr-433	557	3	caused	cause	VERB
ftr-433	557	4	by	by	ADP
ftr-433	557	5	the	the	DET
ftr-433	557	6	duplicate	duplicate	ADJ
ftr-433	557	7	recovery	recovery	NOUN
ftr-433	557	8	of	of	ADP
ftr-433	557	9	a	a	DET
ftr-433	557	10	portion	portion	NOUN
ftr-433	557	11	of	of	ADP
ftr-433	557	12	the	the	DET
ftr-433	557	13	asset	asset	NOUN
ftr-433	557	14	’s	’s	PART
ftr-433	557	15	basis	basis	NOUN
ftr-433	557	16	through	through	ADP
ftr-433	557	17	the	the	DET
ftr-433	557	18	combination	combination	NOUN
ftr-433	557	19	of	of	ADP
ftr-433	557	20	the	the	DET
ftr-433	557	21	itc	itc	PROPN
ftr-433	557	22	and	and	CCONJ
ftr-433	557	23	acrs	acr	NOUN
ftr-433	557	24	.	.	PUNCT
ftr-433	558	1	however	however	ADV
ftr-433	558	2	,	,	PUNCT
ftr-433	558	3	the	the	DET
ftr-433	558	4	irr	irr	NOUN
ftr-433	558	5	of	of	ADP
ftr-433	558	6	the	the	DET
ftr-433	558	7	after	after	ADP
ftr-433	558	8	-	-	PUNCT
ftr-433	558	9	tax	tax	NOUN
ftr-433	558	10	cash	cash	NOUN
ftr-433	558	11	flow	flow	NOUN
ftr-433	558	12	in	in	ADP
ftr-433	558	13	table	table	NOUN
ftr-433	558	14	6	6	NUM
ftr-433	558	15	(	(	PUNCT
ftr-433	558	16	8.18	8.18	NUM
ftr-433	558	17	%	%	NOUN
ftr-433	558	18	)	)	PUNCT
ftr-433	558	19	is	be	AUX
ftr-433	558	20	less	less	ADJ
ftr-433	558	21	than	than	ADP
ftr-433	558	22	that	that	PRON
ftr-433	558	23	of	of	ADP
ftr-433	558	24	the	the	DET
ftr-433	558	25	pre	pre	ADJ
ftr-433	558	26	-	-	ADJ
ftr-433	558	27	tax	tax	ADJ
ftr-433	558	28	cash	cash	NOUN
ftr-433	558	29	flow	flow	NOUN
ftr-433	558	30	(	(	PUNCT
ftr-433	558	31	10.00	10.00	NUM
ftr-433	558	32	%	%	NOUN
ftr-433	558	33	)	)	PUNCT
ftr-433	558	34	.	.	PUNCT
ftr-433	559	1	since	since	SCONJ
ftr-433	559	2	the	the	DET
ftr-433	559	3	irr	irr	NOUN
ftr-433	559	4	of	of	ADP
ftr-433	559	5	the	the	DET
ftr-433	559	6	atcf	atcf	NOUN
ftr-433	559	7	is	be	AUX
ftr-433	559	8	less	less	ADJ
ftr-433	559	9	than	than	ADP
ftr-433	559	10	10	10	NUM
ftr-433	559	11	%	%	NOUN
ftr-433	559	12	,	,	PUNCT
ftr-433	559	13	a	a	DET
ftr-433	559	14	positive	positive	ADJ
ftr-433	559	15	effective	effective	ADJ
ftr-433	559	16	tax	tax	NOUN
ftr-433	559	17	rate	rate	NOUN
ftr-433	559	18	is	be	AUX
ftr-433	559	19	being	be	AUX
ftr-433	559	20	applied	apply	VERB
ftr-433	559	21	to	to	ADP
ftr-433	559	22	the	the	DET
ftr-433	559	23	income	income	NOUN
ftr-433	559	24	produced	produce	VERB
ftr-433	559	25	by	by	ADP
ftr-433	559	26	the	the	DET
ftr-433	559	27	investment	investment	NOUN
ftr-433	559	28	in	in	ADP
ftr-433	559	29	present	present	ADJ
ftr-433	559	30	value	value	NOUN
ftr-433	559	31	terms	term	NOUN
ftr-433	559	32	.	.	PUNCT
ftr-433	560	1	that	that	DET
ftr-433	560	2	tax	tax	NOUN
ftr-433	560	3	rate	rate	NOUN
ftr-433	560	4	is	be	AUX
ftr-433	560	5	the	the	DET
ftr-433	560	6	ptcf	ptcf	PROPN
ftr-433	560	7	irr	irr	NOUN
ftr-433	560	8	(	(	PUNCT
ftr-433	560	9	10.00	10.00	NUM
ftr-433	560	10	)	)	PUNCT
ftr-433	560	11	minus	minus	CCONJ
ftr-433	560	12	the	the	DET
ftr-433	560	13	atcf	atcf	NOUN
ftr-433	560	14	irr	irr	NOUN
ftr-433	560	15	(	(	PUNCT
ftr-433	560	16	8.18	8.18	NUM
ftr-433	560	17	)	)	PUNCT
ftr-433	560	18	or	or	CCONJ
ftr-433	560	19	approximately	approximately	ADV
ftr-433	560	20	18.2	18.2	NUM
ftr-433	560	21	%	%	NOUN
ftr-433	560	22	.	.	PUNCT
ftr-433	561	1	expensing	expense	VERB
ftr-433	561	2	as	as	ADP
ftr-433	561	3	a	a	DET
ftr-433	561	4	recovery	recovery	NOUN
ftr-433	561	5	method	method	NOUN
ftr-433	561	6	,	,	PUNCT
ftr-433	561	7	on	on	ADP
ftr-433	561	8	the	the	DET
ftr-433	561	9	other	other	ADJ
ftr-433	561	10	hand	hand	NOUN
ftr-433	561	11	,	,	PUNCT
ftr-433	561	12	produces	produce	VERB
ftr-433	561	13	a	a	DET
ftr-433	561	14	zero	zero	NUM
ftr-433	561	15	irr	irr	NOUN
ftr-433	561	16	effective	effective	ADJ
ftr-433	561	17	tax	tax	NOUN
ftr-433	561	18	rate	rate	NOUN
ftr-433	561	19	because	because	SCONJ
ftr-433	561	20	under	under	ADP
ftr-433	561	21	similar	similar	ADJ
ftr-433	561	22	circumstances	circumstance	NOUN
ftr-433	561	23	the	the	DET
ftr-433	561	24	irr	irr	NOUN
ftr-433	561	25	of	of	ADP
ftr-433	561	26	both	both	CCONJ
ftr-433	561	27	the	the	DET
ftr-433	561	28	pre	pre	NOUN
ftr-433	561	29	-	-	NOUN
ftr-433	561	30	tax	tax	NOUN
ftr-433	561	31	and	and	CCONJ
ftr-433	561	32	after	after	ADP
ftr-433	561	33	-	-	PUNCT
ftr-433	561	34	tax	tax	NOUN
ftr-433	561	35	cash	cash	NOUN
ftr-433	561	36	flows	flow	NOUN
ftr-433	561	37	was	be	AUX
ftr-433	561	38	10	10	NUM
ftr-433	561	39	%	%	NOUN
ftr-433	561	40	.	.	PUNCT
ftr-433	562	1	see	see	VERB
ftr-433	562	2	supra	supra	ADJ
ftr-433	562	3	table	table	NOUN
ftr-433	562	4	5	5	NUM
ftr-433	562	5	and	and	CCONJ
ftr-433	562	6	text	text	NOUN
ftr-433	562	7	accompanying	accompanying	ADJ
ftr-433	562	8	supra	supra	PROPN
ftr-433	562	9	note	note	NOUN
ftr-433	562	10	68	68	NUM
ftr-433	562	11	.	.	PUNCT
ftr-433	562	12	79	79	NUM
ftr-433	562	13	.	.	PUNCT
ftr-433	563	1	for	for	ADP
ftr-433	563	2	example	example	NOUN
ftr-433	563	3	,	,	PUNCT
ftr-433	563	4	if	if	SCONJ
ftr-433	563	5	the	the	DET
ftr-433	563	6	itc	itc	PROPN
ftr-433	563	7	were	be	AUX
ftr-433	563	8	reduced	reduce	VERB
ftr-433	563	9	to	to	ADP
ftr-433	563	10	5.13	5.13	NUM
ftr-433	563	11	%	%	NOUN
ftr-433	563	12	the	the	DET
ftr-433	563	13	npv	npv	NOUN
ftr-433	563	14	of	of	ADP
ftr-433	563	15	the	the	DET
ftr-433	563	16	atcf	atcf	NOUN
ftr-433	563	17	would	would	AUX
ftr-433	563	18	equal	equal	VERB
ftr-433	563	19	$	$	SYM
ftr-433	563	20	5.93	5.93	NUM
ftr-433	563	21	,	,	PUNCT
ftr-433	563	22	which	which	PRON
ftr-433	563	23	matches	match	VERB
ftr-433	563	24	the	the	DET
ftr-433	563	25	npv	npv	NOUN
ftr-433	563	26	of	of	ADP
ftr-433	563	27	the	the	DET
ftr-433	563	28	theoretical	theoretical	ADJ
ftr-433	563	29	expensing	expense	VERB
ftr-433	563	30	transaction	transaction	NOUN
ftr-433	563	31	portrayed	portray	VERB
ftr-433	563	32	in	in	ADP
ftr-433	563	33	table	table	NOUN
ftr-433	563	34	5	5	NUM
ftr-433	563	35	.	.	PUNCT
ftr-433	564	1	however	however	ADV
ftr-433	564	2	,	,	PUNCT
ftr-433	564	3	the	the	DET
ftr-433	564	4	irr	irr	NOUN
ftr-433	564	5	of	of	ADP
ftr-433	564	6	the	the	DET
ftr-433	564	7	atcf	atcf	NOUN
ftr-433	564	8	would	would	AUX
ftr-433	564	9	still	still	ADV
ftr-433	564	10	only	only	ADV
ftr-433	564	11	equal	equal	ADJ
ftr-433	564	12	7.77	7.77	NUM
ftr-433	564	13	%	%	NOUN
ftr-433	564	14	.	.	PUNCT
ftr-433	565	1	thus	thus	ADV
ftr-433	565	2	,	,	PUNCT
ftr-433	565	3	the	the	DET
ftr-433	565	4	transaction	transaction	NOUN
ftr-433	565	5	would	would	AUX
ftr-433	565	6	still	still	ADV
ftr-433	565	7	not	not	PART
ftr-433	565	8	be	be	AUX
ftr-433	565	9	totally	totally	ADV
ftr-433	565	10	“	"	PUNCT
ftr-433	565	11	expensing	expense	VERB
ftr-433	565	12	equivalent	equivalent	NOUN
ftr-433	565	13	.	.	PUNCT
ftr-433	565	14	”	"	PUNCT
ftr-433	566	1	80	80	NUM
ftr-433	566	2	.	.	PUNCT
ftr-433	567	1	a	a	DET
ftr-433	567	2	process	process	NOUN
ftr-433	567	3	of	of	ADP
ftr-433	567	4	iteration	iteration	NOUN
ftr-433	567	5	shows	show	VERB
ftr-433	567	6	that	that	SCONJ
ftr-433	567	7	the	the	DET
ftr-433	567	8	net	net	ADJ
ftr-433	567	9	present	present	ADJ
ftr-433	567	10	value	value	NOUN
ftr-433	567	11	of	of	ADP
ftr-433	567	12	the	the	DET
ftr-433	567	13	after	after	ADP
ftr-433	567	14	-	-	PUNCT
ftr-433	567	15	tax	tax	NOUN
ftr-433	567	16	cash	cash	NOUN
ftr-433	567	17	flow	flow	NOUN
ftr-433	567	18	would	would	AUX
ftr-433	567	19	be	be	AUX
ftr-433	567	20	$	$	SYM
ftr-433	567	21	5.92	5.92	NUM
ftr-433	567	22	(	(	PUNCT
ftr-433	567	23	approximately	approximately	ADV
ftr-433	567	24	the	the	DET
ftr-433	567	25	same	same	ADJ
ftr-433	567	26	amount	amount	NOUN
ftr-433	567	27	as	as	ADP
ftr-433	567	28	in	in	ADP
ftr-433	567	29	table	table	NOUN
ftr-433	567	30	5	5	NUM
ftr-433	567	31	)	)	PUNCT
ftr-433	567	32	at	at	ADP
ftr-433	567	33	an	an	DET
ftr-433	567	34	after	after	ADP
ftr-433	567	35	-	-	PUNCT
ftr-433	567	36	tax	tax	NOUN
ftr-433	567	37	discount	discount	NOUN
ftr-433	567	38	rate	rate	NOUN
ftr-433	567	39	of	of	ADP
ftr-433	567	40	5.38	5.38	NUM
ftr-433	567	41	%	%	NOUN
ftr-433	567	42	.	.	PUNCT
ftr-433	568	1	however	however	ADV
ftr-433	568	2	,	,	PUNCT
ftr-433	568	3	the	the	DET
ftr-433	568	4	irr	irr	NOUN
ftr-433	568	5	of	of	ADP
ftr-433	568	6	the	the	DET
ftr-433	568	7	after	after	ADP
ftr-433	568	8	-	-	PUNCT
ftr-433	568	9	tax	tax	NOUN
ftr-433	568	10	cash	cash	NOUN
ftr-433	568	11	flow	flow	NOUN
ftr-433	568	12	would	would	AUX
ftr-433	568	13	remain	remain	VERB
ftr-433	568	14	unchanged	unchanged	ADJ
ftr-433	568	15	.	.	PUNCT
ftr-433	569	1	81	81	NUM
ftr-433	569	2	.	.	PUNCT
ftr-433	570	1	the	the	DET
ftr-433	570	2	“	"	PUNCT
ftr-433	570	3	cary	cary	PROPN
ftr-433	570	4	brown	brown	PROPN
ftr-433	570	5	hypothesis	hypothesis	NOUN
ftr-433	570	6	,	,	PUNCT
ftr-433	570	7	”	"	PUNCT
ftr-433	570	8	employed	employ	VERB
ftr-433	570	9	only	only	ADV
ftr-433	570	10	one	one	NUM
ftr-433	570	11	discount	discount	NOUN
ftr-433	570	12	rate	rate	NOUN
ftr-433	570	13	for	for	ADP
ftr-433	570	14	both	both	PRON
ftr-433	570	15	before	before	ADP
ftr-433	570	16	and	and	CCONJ
ftr-433	570	17	after	after	ADP
ftr-433	570	18	-	-	PUNCT
ftr-433	570	19	tax	tax	NOUN
ftr-433	570	20	financial	financial	ADJ
ftr-433	570	21	measurements	measurement	NOUN
ftr-433	570	22	.	.	PUNCT
ftr-433	571	1	see	see	VERB
ftr-433	571	2	supra	supra	PROPN
ftr-433	571	3	note	note	PROPN
ftr-433	571	4	23	23	NUM
ftr-433	571	5	for	for	ADP
ftr-433	571	6	full	full	ADJ
ftr-433	571	7	citation	citation	NOUN
ftr-433	571	8	and	and	CCONJ
ftr-433	571	9	infra	infra	NOUN
ftr-433	571	10	part	part	NOUN
ftr-433	571	11	v.a	v.a	PROPN
ftr-433	571	12	.	.	PROPN
ftr-433	571	13	for	for	ADP
ftr-433	571	14	a	a	DET
ftr-433	571	15	full	full	ADJ
ftr-433	571	16	discussion	discussion	NOUN
ftr-433	571	17	and	and	CCONJ
ftr-433	571	18	analysis	analysis	NOUN
ftr-433	571	19	.	.	PUNCT
ftr-433	572	1	this	this	PRON
ftr-433	572	2	differs	differ	VERB
ftr-433	572	3	from	from	ADP
ftr-433	572	4	table	table	NOUN
ftr-433	572	5	6	6	NUM
ftr-433	572	6	,	,	PUNCT
ftr-433	572	7	in	in	ADP
ftr-433	572	8	which	which	PRON
ftr-433	572	9	the	the	DET
ftr-433	572	10	after	after	NOUN
ftr-433	572	11	-	-	PUNCT
ftr-433	572	12	tax	tax	NOUN
ftr-433	572	13	,	,	PUNCT
ftr-433	572	14	but	but	CCONJ
ftr-433	572	15	not	not	PART
ftr-433	572	16	the	the	DET
ftr-433	572	17	pre	pre	NOUN
ftr-433	572	18	-	-	NOUN
ftr-433	572	19	tax	tax	ADJ
ftr-433	572	20	,	,	PUNCT
ftr-433	572	21	present	present	ADJ
ftr-433	572	22	value	value	NOUN
ftr-433	572	23	of	of	ADP
ftr-433	572	24	the	the	DET
ftr-433	572	25	recovery	recovery	NOUN
ftr-433	572	26	/	/	SYM
ftr-433	572	27	itc	itc	PROPN
ftr-433	572	28	stream	stream	NOUN
ftr-433	572	29	equals	equal	VERB
ftr-433	572	30	the	the	DET
ftr-433	572	31	amount	amount	NOUN
ftr-433	572	32	invested	invest	VERB
ftr-433	572	33	.	.	PUNCT
ftr-433	573	1	economic	economic	ADJ
ftr-433	573	2	tax	tax	NOUN
ftr-433	573	3	benefits	benefit	NOUN
ftr-433	573	4	than	than	ADP
ftr-433	573	5	expensing	expense	VERB
ftr-433	573	6	as	as	ADP
ftr-433	573	7	an	an	DET
ftr-433	573	8	income	income	NOUN
ftr-433	573	9	tax	tax	NOUN
ftr-433	573	10	recovery	recovery	NOUN
ftr-433	573	11	method.77	method.77	PROPN
ftr-433	573	12	third	third	ADV
ftr-433	573	13	,	,	PUNCT
ftr-433	573	14	this	this	DET
ftr-433	573	15	“	"	PUNCT
ftr-433	573	16	recovery	recovery	NOUN
ftr-433	573	17	”	"	PUNCT
ftr-433	573	18	method	method	NOUN
ftr-433	573	19	produces	produce	VERB
ftr-433	573	20	financial	financial	ADJ
ftr-433	573	21	tax	tax	NOUN
ftr-433	573	22	benefits	benefit	NOUN
ftr-433	573	23	that	that	PRON
ftr-433	573	24	are	be	AUX
ftr-433	573	25	greater	great	ADJ
ftr-433	573	26	than	than	ADP
ftr-433	573	27	those	those	PRON
ftr-433	573	28	produced	produce	VERB
ftr-433	573	29	by	by	ADP
ftr-433	573	30	expensing	expense	VERB
ftr-433	573	31	in	in	ADP
ftr-433	573	32	terms	term	NOUN
ftr-433	573	33	of	of	ADP
ftr-433	573	34	the	the	DET
ftr-433	573	35	net	net	ADJ
ftr-433	573	36	present	present	ADJ
ftr-433	573	37	value	value	NOUN
ftr-433	573	38	of	of	ADP
ftr-433	573	39	the	the	DET
ftr-433	573	40	after	after	ADP
ftr-433	573	41	-	-	PUNCT
ftr-433	573	42	tax	tax	NOUN
ftr-433	573	43	cash	cash	NOUN
ftr-433	573	44	flow	flow	NOUN
ftr-433	573	45	,	,	PUNCT
ftr-433	573	46	but	but	CCONJ
ftr-433	573	47	that	that	PRON
ftr-433	573	48	are	be	AUX
ftr-433	573	49	less	less	ADJ
ftr-433	573	50	than	than	ADP
ftr-433	573	51	those	those	PRON
ftr-433	573	52	produced	produce	VERB
ftr-433	573	53	by	by	ADP
ftr-433	573	54	expensing	expense	VERB
ftr-433	573	55	in	in	ADP
ftr-433	573	56	terms	term	NOUN
ftr-433	573	57	of	of	ADP
ftr-433	573	58	the	the	DET
ftr-433	573	59	internal	internal	ADJ
ftr-433	573	60	rate	rate	NOUN
ftr-433	573	61	of	of	ADP
ftr-433	573	62	return	return	NOUN
ftr-433	573	63	of	of	ADP
ftr-433	573	64	the	the	DET
ftr-433	573	65	after	after	ADP
ftr-433	573	66	-	-	PUNCT
ftr-433	573	67	tax	tax	NOUN
ftr-433	573	68	cash	cash	NOUN
ftr-433	573	69	flow.78	flow.78	NOUN
ftr-433	573	70	based	base	VERB
ftr-433	573	71	upon	upon	SCONJ
ftr-433	573	72	analysis	analysis	NOUN
ftr-433	573	73	of	of	ADP
ftr-433	573	74	the	the	DET
ftr-433	573	75	figures	figure	NOUN
ftr-433	573	76	in	in	ADP
ftr-433	573	77	table	table	NOUN
ftr-433	573	78	5	5	NUM
ftr-433	573	79	and	and	CCONJ
ftr-433	573	80	table	table	NOUN
ftr-433	573	81	6	6	NUM
ftr-433	573	82	,	,	PUNCT
ftr-433	573	83	the	the	DET
ftr-433	573	84	only	only	ADJ
ftr-433	573	85	way	way	NOUN
ftr-433	573	86	to	to	PART
ftr-433	573	87	achieve	achieve	VERB
ftr-433	573	88	“	"	PUNCT
ftr-433	573	89	expensing	expense	VERB
ftr-433	573	90	equivalence	equivalence	NOUN
ftr-433	573	91	”	"	PUNCT
ftr-433	573	92	in	in	ADP
ftr-433	573	93	present	present	ADJ
ftr-433	573	94	value	value	NOUN
ftr-433	573	95	terms	term	NOUN
ftr-433	573	96	is	be	AUX
ftr-433	573	97	to	to	PART
ftr-433	573	98	either	either	CCONJ
ftr-433	573	99	adjust	adjust	VERB
ftr-433	573	100	the	the	DET
ftr-433	573	101	itc	itc	PROPN
ftr-433	573	102	amount	amount	NOUN
ftr-433	573	103	while	while	SCONJ
ftr-433	573	104	the	the	DET
ftr-433	573	105	discount	discount	NOUN
ftr-433	573	106	rate	rate	NOUN
ftr-433	573	107	remains	remain	VERB
ftr-433	573	108	constant	constant	ADJ
ftr-433	573	109	,	,	PUNCT
ftr-433	573	110	or	or	CCONJ
ftr-433	573	111	for	for	SCONJ
ftr-433	573	112	the	the	DET
ftr-433	573	113	real	real	ADJ
ftr-433	573	114	world79	world79	NOUN
ftr-433	573	115	discount	discount	NOUN
ftr-433	573	116	rate	rate	NOUN
ftr-433	573	117	to	to	PART
ftr-433	573	118	coincidentally	coincidentally	ADV
ftr-433	573	119	match	match	VERB
ftr-433	573	120	the	the	DET
ftr-433	573	121	specific	specific	ADJ
ftr-433	573	122	rate	rate	NOUN
ftr-433	573	123	that	that	PRON
ftr-433	573	124	will	will	AUX
ftr-433	573	125	create	create	VERB
ftr-433	573	126	“	"	PUNCT
ftr-433	573	127	expensing	expense	VERB
ftr-433	573	128	equivalence	equivalence	NOUN
ftr-433	573	129	”	"	PUNCT
ftr-433	573	130	for	for	ADP
ftr-433	573	131	a	a	DET
ftr-433	573	132	given	give	VERB
ftr-433	573	133	itc	itc	PROPN
ftr-433	573	134	amount	amount	NOUN
ftr-433	573	135	.	.	PUNCT
ftr-433	574	1	without	without	ADP
ftr-433	574	2	an	an	DET
ftr-433	574	3	itc	itc	PROPN
ftr-433	574	4	,	,	PUNCT
ftr-433	574	5	the	the	DET
ftr-433	574	6	only80	only80	ADJ
ftr-433	574	7	way	way	NOUN
ftr-433	574	8	to	to	PART
ftr-433	574	9	make	make	VERB
ftr-433	574	10	multi	multi	ADJ
ftr-433	574	11	-	-	NOUN
ftr-433	574	12	period	period	ADJ
ftr-433	574	13	“	"	PUNCT
ftr-433	574	14	cost	cost	NOUN
ftr-433	574	15	recovery	recovery	NOUN
ftr-433	574	16	”	"	PUNCT
ftr-433	574	17	deductions	deduction	NOUN
ftr-433	574	18	the	the	DET
ftr-433	574	19	true	true	ADJ
ftr-433	574	20	equivalent	equivalent	NOUN
ftr-433	574	21	of	of	ADP
ftr-433	574	22	immediate	immediate	ADJ
ftr-433	574	23	expensing	expensing	NOUN
ftr-433	574	24	is	be	AUX
ftr-433	574	25	to	to	PART
ftr-433	574	26	provide	provide	VERB
ftr-433	574	27	sufficient	sufficient	ADJ
ftr-433	574	28	additional	additional	ADJ
ftr-433	574	29	cost	cost	NOUN
ftr-433	574	30	recovery	recovery	NOUN
ftr-433	574	31	deductions	deduction	NOUN
ftr-433	574	32	during	during	ADP
ftr-433	574	33	the	the	DET
ftr-433	574	34	course	course	NOUN
ftr-433	574	35	of	of	ADP
ftr-433	574	36	the	the	DET
ftr-433	574	37	investment	investment	NOUN
ftr-433	574	38	for	for	ADP
ftr-433	574	39	the	the	DET
ftr-433	574	40	after	after	ADP
ftr-433	574	41	-	-	PUNCT
ftr-433	574	42	tax	tax	NOUN
ftr-433	574	43	present	present	ADJ
ftr-433	574	44	value	value	NOUN
ftr-433	574	45	of	of	ADP
ftr-433	574	46	those	those	DET
ftr-433	574	47	deductions	deduction	NOUN
ftr-433	574	48	to	to	PART
ftr-433	574	49	equal	equal	VERB
ftr-433	574	50	the	the	DET
ftr-433	574	51	amount	amount	NOUN
ftr-433	574	52	invested	invest	VERB
ftr-433	574	53	.	.	PUNCT
ftr-433	575	1	this	this	PRON
ftr-433	575	2	is	be	AUX
ftr-433	575	3	also	also	ADV
ftr-433	575	4	the	the	DET
ftr-433	575	5	underlying81	underlying81	NOUN
ftr-433	575	6	2002	2002	NUM
ftr-433	575	7	]	]	PUNCT
ftr-433	575	8	normative	normative	ADJ
ftr-433	575	9	capital	capital	NOUN
ftr-433	575	10	cost	cost	NOUN
ftr-433	575	11	recovery	recovery	NOUN
ftr-433	575	12	491	491	NUM
ftr-433	575	13	82	82	NUM
ftr-433	575	14	.	.	PUNCT
ftr-433	576	1	see	see	VERB
ftr-433	576	2	blueprints	blueprint	NOUN
ftr-433	576	3	,	,	PUNCT
ftr-433	576	4	supra	supra	PROPN
ftr-433	576	5	note	note	NOUN
ftr-433	576	6	1	1	NUM
ftr-433	576	7	,	,	PUNCT
ftr-433	576	8	at	at	ADP
ftr-433	576	9	123	123	NUM
ftr-433	576	10	-	-	SYM
ftr-433	576	11	24	24	NUM
ftr-433	576	12	;	;	PUNCT
ftr-433	576	13	michael	michael	PROPN
ftr-433	576	14	j.	j.	PROPN
ftr-433	576	15	graetz	graetz	PROPN
ftr-433	576	16	,	,	PUNCT
ftr-433	576	17	implementing	implement	VERB
ftr-433	576	18	a	a	DET
ftr-433	576	19	progressive	progressive	ADJ
ftr-433	576	20	consumption	consumption	NOUN
ftr-433	576	21	tax	tax	NOUN
ftr-433	576	22	,	,	PUNCT
ftr-433	576	23	92	92	NUM
ftr-433	576	24	harv	harv	NOUN
ftr-433	576	25	.	.	PUNCT
ftr-433	577	1	l.	l.	PROPN
ftr-433	577	2	rev	rev	PROPN
ftr-433	577	3	.	.	PROPN
ftr-433	577	4	1575	1575	NUM
ftr-433	577	5	,	,	PUNCT
ftr-433	577	6	1598	1598	NUM
ftr-433	577	7	-	-	SYM
ftr-433	577	8	1611	1611	NUM
ftr-433	577	9	(	(	PUNCT
ftr-433	577	10	1979	1979	NUM
ftr-433	577	11	)	)	PUNCT
ftr-433	578	1	[	[	X
ftr-433	578	2	hereinafter	hereinafter	NOUN
ftr-433	578	3	graetz	graetz	NOUN
ftr-433	578	4	,	,	PUNCT
ftr-433	578	5	implementing	implement	VERB
ftr-433	578	6	]	]	PUNCT
ftr-433	578	7	.	.	PUNCT
ftr-433	578	8	83	83	NUM
ftr-433	578	9	.	.	PUNCT
ftr-433	579	1	rounding	round	VERB
ftr-433	579	2	errors	error	NOUN
ftr-433	579	3	create	create	VERB
ftr-433	579	4	the	the	DET
ftr-433	579	5	small	small	ADJ
ftr-433	579	6	discrepancies	discrepancy	NOUN
ftr-433	579	7	among	among	ADP
ftr-433	579	8	the	the	DET
ftr-433	579	9	amounts	amount	NOUN
ftr-433	579	10	in	in	ADP
ftr-433	579	11	the	the	DET
ftr-433	579	12	2total	2total	NUM
ftr-433	579	13	pv	pv	NOUN
ftr-433	579	14	column	column	NOUN
ftr-433	579	15	.	.	PUNCT
ftr-433	580	1	284	284	NUM
ftr-433	580	2	.	.	PUNCT
ftr-433	581	1	cumulative	cumulative	ADJ
ftr-433	581	2	rounding	round	VERB
ftr-433	581	3	errors	error	NOUN
ftr-433	581	4	cause	cause	VERB
ftr-433	581	5	the	the	DET
ftr-433	581	6	total	total	ADJ
ftr-433	581	7	pv	pv	NOUN
ftr-433	581	8	s	s	NOUN
ftr-433	581	9	to	to	PART
ftr-433	581	10	deviate	deviate	VERB
ftr-433	581	11	slightly	slightly	ADV
ftr-433	581	12	from	from	ADP
ftr-433	581	13	the	the	DET
ftr-433	581	14	average	average	NOUN
ftr-433	581	15	of	of	ADP
ftr-433	581	16	$	$	SYM
ftr-433	581	17	11.86	11.86	NUM
ftr-433	581	18	.	.	PUNCT
ftr-433	582	1	structural	structural	ADJ
ftr-433	582	2	and	and	CCONJ
ftr-433	582	3	accounting	accounting	NOUN
ftr-433	582	4	principle	principle	NOUN
ftr-433	582	5	of	of	ADP
ftr-433	582	6	capital	capital	NOUN
ftr-433	582	7	income	income	NOUN
ftr-433	582	8	taxation	taxation	NOUN
ftr-433	582	9	in	in	ADP
ftr-433	582	10	a	a	DET
ftr-433	582	11	cash	cash	NOUN
ftr-433	582	12	flow	flow	NOUN
ftr-433	582	13	consumption	consumption	NOUN
ftr-433	582	14	tax.82	tax.82	PROPN
ftr-433	582	15	f.	f.	PROPN
ftr-433	583	1	a	a	DET
ftr-433	583	2	preliminary	preliminary	ADJ
ftr-433	583	3	comparative	comparative	ADJ
ftr-433	583	4	analysis	analysis	NOUN
ftr-433	583	5	:	:	PUNCT
ftr-433	583	6	net	net	ADJ
ftr-433	583	7	present	present	ADJ
ftr-433	583	8	value	value	NOUN
ftr-433	583	9	,	,	PUNCT
ftr-433	583	10	internal	internal	ADJ
ftr-433	583	11	rate	rate	NOUN
ftr-433	583	12	of	of	ADP
ftr-433	583	13	return	return	NOUN
ftr-433	583	14	and	and	CCONJ
ftr-433	583	15	financial	financial	ADJ
ftr-433	583	16	effective	effective	ADJ
ftr-433	583	17	tax	tax	NOUN
ftr-433	583	18	rates	rate	NOUN
ftr-433	583	19	2accelerated	2accelerated	NUM
ftr-433	583	20	recovery	recovery	NOUN
ftr-433	583	21	methods	method	NOUN
ftr-433	583	22	reduce	reduce	VERB
ftr-433	583	23	the	the	DET
ftr-433	583	24	pv	pv	NOUN
ftr-433	583	25	of	of	ADP
ftr-433	583	26	the	the	DET
ftr-433	583	27	tax	tax	NOUN
ftr-433	583	28	burden	burden	NOUN
ftr-433	583	29	attributable	attributable	ADJ
ftr-433	583	30	to	to	ADP
ftr-433	583	31	the	the	DET
ftr-433	583	32	income	income	NOUN
ftr-433	583	33	produced	produce	VERB
ftr-433	583	34	by	by	ADP
ftr-433	583	35	a	a	DET
ftr-433	583	36	given	give	VERB
ftr-433	583	37	amount	amount	NOUN
ftr-433	583	38	of	of	ADP
ftr-433	583	39	investment	investment	NOUN
ftr-433	583	40	relative	relative	ADJ
ftr-433	583	41	2to	2to	ADJ
ftr-433	583	42	economic	economic	ADJ
ftr-433	583	43	cost	cost	NOUN
ftr-433	583	44	recovery	recovery	NOUN
ftr-433	583	45	,	,	PUNCT
ftr-433	583	46	and	and	CCONJ
ftr-433	583	47	simultaneously	simultaneously	ADV
ftr-433	583	48	increase	increase	VERB
ftr-433	583	49	the	the	DET
ftr-433	583	50	pv	pv	NOUN
ftr-433	583	51	of	of	ADP
ftr-433	583	52	the	the	DET
ftr-433	583	53	after	after	ADP
ftr-433	583	54	-	-	PUNCT
ftr-433	583	55	tax	tax	NOUN
ftr-433	583	56	2cash	2cash	NUM
ftr-433	583	57	flow	flow	NOUN
ftr-433	583	58	(	(	PUNCT
ftr-433	583	59	atcf	atcf	NOUN
ftr-433	583	60	)	)	PUNCT
ftr-433	583	61	.	.	PUNCT
ftr-433	584	1	the	the	DET
ftr-433	584	2	sum	sum	NOUN
ftr-433	584	3	of	of	ADP
ftr-433	584	4	the	the	DET
ftr-433	584	5	pv	pv	NOUN
ftr-433	584	6	of	of	ADP
ftr-433	584	7	the	the	DET
ftr-433	584	8	tax	tax	NOUN
ftr-433	584	9	paid	pay	VERB
ftr-433	584	10	and	and	CCONJ
ftr-433	584	11	the	the	DET
ftr-433	584	12	atcf	atcf	NOUN
ftr-433	584	13	,	,	PUNCT
ftr-433	584	14	however	however	ADV
ftr-433	584	15	,	,	PUNCT
ftr-433	584	16	remains	remain	VERB
ftr-433	584	17	constant	constant	ADJ
ftr-433	584	18	.	.	PUNCT
ftr-433	585	1	the	the	DET
ftr-433	585	2	following	follow	VERB
ftr-433	585	3	table	table	NOUN
ftr-433	585	4	illustrates	illustrate	VERB
ftr-433	585	5	this	this	PRON
ftr-433	585	6	by	by	ADP
ftr-433	585	7	totaling	total	VERB
ftr-433	585	8	the	the	DET
ftr-433	585	9	2pv	2pv	NOUN
ftr-433	585	10	of	of	ADP
ftr-433	585	11	the	the	DET
ftr-433	585	12	tax	tax	NOUN
ftr-433	585	13	paid	pay	VERB
ftr-433	585	14	and	and	CCONJ
ftr-433	585	15	after	after	ADP
ftr-433	585	16	-	-	PUNCT
ftr-433	585	17	tax	tax	NOUN
ftr-433	585	18	cash	cash	NOUN
ftr-433	585	19	flow	flow	NOUN
ftr-433	585	20	columns	column	NOUN
ftr-433	585	21	portrayed	portray	VERB
ftr-433	585	22	in	in	ADP
ftr-433	585	23	table	table	NOUN
ftr-433	585	24	1	1	NUM
ftr-433	585	25	through	through	ADP
ftr-433	585	26	table	table	NOUN
ftr-433	585	27	5	5	NUM
ftr-433	585	28	,	,	PUNCT
ftr-433	585	29	respectively.83	respectively.83	VERB
ftr-433	585	30	2table	2table	NUM
ftr-433	585	31	7	7	NUM
ftr-433	585	32	:	:	PUNCT
ftr-433	585	33	relative	relative	ADJ
ftr-433	585	34	impact	impact	NOUN
ftr-433	585	35	of	of	ADP
ftr-433	585	36	recovery	recovery	NOUN
ftr-433	585	37	methods	method	NOUN
ftr-433	585	38	upon	upon	SCONJ
ftr-433	585	39	pv	pv	ADV
ftr-433	585	40	of	of	ADP
ftr-433	585	41	atcf	atcf	NOUN
ftr-433	585	42	and	and	CCONJ
ftr-433	585	43	tax	tax	NOUN
ftr-433	585	44	paid	pay	VERB
ftr-433	585	45	2	2	NUM
ftr-433	585	46	2	2	NUM
ftr-433	585	47	2	2	NUM
ftr-433	585	48	recovery	recovery	NOUN
ftr-433	585	49	method	method	NOUN
ftr-433	585	50	pv	pv	PROPN
ftr-433	585	51	tax	tax	NOUN
ftr-433	585	52	paid	pay	VERB
ftr-433	585	53	net	net	ADJ
ftr-433	585	54	pv	pv	PROPN
ftr-433	585	55	atcf	atcf	PROPN
ftr-433	585	56	total	total	NOUN
ftr-433	585	57	pv	pv	PROPN
ftr-433	585	58	s	s	NOUN
ftr-433	585	59	1	1	NUM
ftr-433	585	60	-	-	PUNCT
ftr-433	585	61	economic	economic	ADJ
ftr-433	585	62	11.86	11.86	NUM
ftr-433	585	63	0.00	0.00	NUM
ftr-433	585	64	11.86	11.86	NUM
ftr-433	585	65	2	2	NUM
ftr-433	585	66	-	-	PUNCT
ftr-433	585	67	acrs	acrs	NOUN
ftr-433	585	68	10.80	10.80	NUM
ftr-433	585	69	1.04	1.04	NUM
ftr-433	585	70	11.84	11.84	NUM
ftr-433	585	71	3	3	NUM
ftr-433	585	72	-	-	PUNCT
ftr-433	585	73	macrs	macrs	NOUN
ftr-433	585	74	10.46	10.46	NUM
ftr-433	585	75	1.41	1.41	NUM
ftr-433	585	76	11.87	11.87	NUM
ftr-433	585	77	5	5	NUM
ftr-433	585	78	-	-	PUNCT
ftr-433	585	79	real	real	ADJ
ftr-433	585	80	world	world	NOUN
ftr-433	585	81	exp	exp	NOUN
ftr-433	585	82	8.33	8.33	NUM
ftr-433	585	83	3.57	3.57	NUM
ftr-433	585	84	11.90	11.90	NUM
ftr-433	585	85	4	4	NUM
ftr-433	585	86	-	-	PUNCT
ftr-433	585	87	theory	theory	NOUN
ftr-433	585	88	exp	exp	NOUN
ftr-433	585	89	5.93	5.93	NUM
ftr-433	585	90	5.93	5.93	NUM
ftr-433	585	91	11.86	11.86	NUM
ftr-433	585	92	2	2	NUM
ftr-433	585	93	in	in	ADP
ftr-433	585	94	table	table	NOUN
ftr-433	585	95	1	1	NUM
ftr-433	585	96	(	(	PUNCT
ftr-433	585	97	economic	economic	ADJ
ftr-433	585	98	depreciation	depreciation	NOUN
ftr-433	585	99	)	)	PUNCT
ftr-433	585	100	,	,	PUNCT
ftr-433	585	101	the	the	DET
ftr-433	585	102	pv	pv	NOUN
ftr-433	585	103	of	of	ADP
ftr-433	585	104	tax	tax	NOUN
ftr-433	585	105	paid	pay	VERB
ftr-433	585	106	was	be	AUX
ftr-433	585	107	$	$	SYM
ftr-433	585	108	11.86	11.86	NUM
ftr-433	585	109	,	,	PUNCT
ftr-433	585	110	2	2	NUM
ftr-433	585	111	2but	2but	NOUN
ftr-433	585	112	the	the	DET
ftr-433	585	113	pv	pv	NOUN
ftr-433	585	114	of	of	ADP
ftr-433	585	115	the	the	DET
ftr-433	585	116	atcf	atcf	NOUN
ftr-433	585	117	was	be	AUX
ftr-433	585	118	$	$	SYM
ftr-433	585	119	0.00	0.00	NUM
ftr-433	585	120	.	.	PUNCT
ftr-433	586	1	under	under	ADP
ftr-433	586	2	acrs	acr	NOUN
ftr-433	586	3	and	and	CCONJ
ftr-433	586	4	macrs	macr	NOUN
ftr-433	586	5	,	,	PUNCT
ftr-433	586	6	the	the	DET
ftr-433	586	7	pv	pv	NOUN
ftr-433	586	8	of	of	ADP
ftr-433	586	9	tax	tax	NOUN
ftr-433	586	10	2paid	2paid	PROPN
ftr-433	586	11	decreased	decrease	VERB
ftr-433	586	12	relative	relative	ADJ
ftr-433	586	13	to	to	ADP
ftr-433	586	14	economic	economic	ADJ
ftr-433	586	15	depreciation	depreciation	NOUN
ftr-433	586	16	,	,	PUNCT
ftr-433	586	17	but	but	CCONJ
ftr-433	586	18	the	the	DET
ftr-433	586	19	pv	pv	NOUN
ftr-433	586	20	of	of	ADP
ftr-433	586	21	the	the	DET
ftr-433	586	22	after	after	ADP
ftr-433	586	23	-	-	PUNCT
ftr-433	586	24	tax	tax	NOUN
ftr-433	586	25	cash	cash	NOUN
ftr-433	586	26	flow	flow	NOUN
ftr-433	586	27	increased	increase	VERB
ftr-433	586	28	by	by	ADP
ftr-433	586	29	the	the	DET
ftr-433	586	30	amount	amount	NOUN
ftr-433	586	31	of	of	ADP
ftr-433	586	32	that	that	DET
ftr-433	586	33	decrease	decrease	NOUN
ftr-433	586	34	.	.	PUNCT
ftr-433	587	1	thus	thus	ADV
ftr-433	587	2	,	,	PUNCT
ftr-433	587	3	the	the	DET
ftr-433	587	4	sum	sum	NOUN
ftr-433	587	5	of	of	ADP
ftr-433	587	6	both	both	DET
ftr-433	587	7	2amounts	2amounts	NUM
ftr-433	587	8	remained	remained	AUX
ftr-433	587	9	fixed	fix	VERB
ftr-433	587	10	at	at	ADP
ftr-433	587	11	approximately	approximately	ADV
ftr-433	587	12	$	$	SYM
ftr-433	587	13	11.86	11.86	NUM
ftr-433	587	14	.	.	PUNCT
ftr-433	588	1	finally	finally	ADV
ftr-433	588	2	,	,	PUNCT
ftr-433	588	3	in	in	ADP
ftr-433	588	4	table	table	NOUN
ftr-433	588	5	5	5	NUM
ftr-433	588	6	,	,	PUNCT
ftr-433	588	7	the	the	DET
ftr-433	588	8	pv84	pv84	PROPN
ftr-433	588	9	of	of	ADP
ftr-433	588	10	the	the	DET
ftr-433	588	11	tax	tax	NOUN
ftr-433	588	12	paid	pay	VERB
ftr-433	588	13	decreased	decrease	VERB
ftr-433	588	14	from	from	ADP
ftr-433	588	15	$	$	SYM
ftr-433	588	16	11.86	11.86	NUM
ftr-433	588	17	to	to	PART
ftr-433	588	18	$	$	SYM
ftr-433	588	19	5.93	5.93	NUM
ftr-433	588	20	relative	relative	ADJ
ftr-433	588	21	to	to	ADP
ftr-433	588	22	economic	economic	ADJ
ftr-433	588	23	depreciation	depreciation	NOUN
ftr-433	588	24	,	,	PUNCT
ftr-433	588	25	and	and	CCONJ
ftr-433	588	26	the	the	DET
ftr-433	588	27	atcf	atcf	NOUN
ftr-433	588	28	increased	increase	VERB
ftr-433	588	29	from	from	ADP
ftr-433	588	30	$	$	SYM
ftr-433	588	31	0.00	0.00	NUM
ftr-433	588	32	to	to	ADP
ftr-433	588	33	$	$	SYM
ftr-433	588	34	5.93	5.93	NUM
ftr-433	588	35	,	,	PUNCT
ftr-433	588	36	again	again	ADV
ftr-433	588	37	preserving	preserve	VERB
ftr-433	588	38	the	the	DET
ftr-433	588	39	total	total	NOUN
ftr-433	588	40	of	of	ADP
ftr-433	588	41	$	$	SYM
ftr-433	588	42	11.86	11.86	NUM
ftr-433	588	43	.	.	PUNCT
ftr-433	589	1	thus	thus	ADV
ftr-433	589	2	,	,	PUNCT
ftr-433	589	3	the	the	DET
ftr-433	589	4	decrease	decrease	NOUN
ftr-433	589	5	in	in	ADP
ftr-433	589	6	the	the	DET
ftr-433	589	7	after	after	ADP
ftr-433	589	8	-	-	PUNCT
ftr-433	589	9	tax	tax	NOUN
ftr-433	589	10	present	present	ADJ
ftr-433	589	11	value	value	NOUN
ftr-433	589	12	of	of	ADP
ftr-433	589	13	tax	tax	NOUN
ftr-433	589	14	paid	pay	VERB
ftr-433	589	15	by	by	ADP
ftr-433	589	16	a	a	DET
ftr-433	589	17	given	give	VERB
ftr-433	589	18	amount	amount	NOUN
ftr-433	589	19	of	of	ADP
ftr-433	589	20	investment	investment	NOUN
ftr-433	589	21	in	in	ADP
ftr-433	589	22	a	a	DET
ftr-433	589	23	rbit	rbit	NOUN
ftr-433	589	24	base	base	NOUN
ftr-433	589	25	as	as	SCONJ
ftr-433	589	26	depreciation	depreciation	NOUN
ftr-433	589	27	accelerates	accelerate	VERB
ftr-433	589	28	from	from	ADP
ftr-433	589	29	492	492	NUM
ftr-433	589	30	florida	florida	PROPN
ftr-433	589	31	tax	tax	PROPN
ftr-433	589	32	review	review	NOUN
ftr-433	589	33	[	[	X
ftr-433	589	34	vol	vol	NOUN
ftr-433	589	35	.	.	PUNCT
ftr-433	589	36	5:7	5:7	NUM
ftr-433	589	37	85	85	NUM
ftr-433	589	38	.	.	PUNCT
ftr-433	590	1	see	see	VERB
ftr-433	590	2	e.g.	e.g.	ADV
ftr-433	590	3	,	,	PUNCT
ftr-433	590	4	johnson	johnson	PROPN
ftr-433	590	5	,	,	PUNCT
ftr-433	590	6	soft	soft	ADJ
ftr-433	590	7	money	money	NOUN
ftr-433	590	8	,	,	PUNCT
ftr-433	590	9	supra	supra	PROPN
ftr-433	590	10	note	note	NOUN
ftr-433	590	11	22	22	NUM
ftr-433	590	12	,	,	PUNCT
ftr-433	590	13	at	at	ADP
ftr-433	590	14	1019	1019	NUM
ftr-433	590	15	.	.	PUNCT
ftr-433	591	1	86	86	NUM
ftr-433	591	2	.	.	PUNCT
ftr-433	591	3	see	see	VERB
ftr-433	591	4	the	the	DET
ftr-433	591	5	fifth	fifth	ADJ
ftr-433	591	6	column	column	NOUN
ftr-433	591	7	in	in	ADP
ftr-433	591	8	infra	infra	NOUN
ftr-433	591	9	table	table	NOUN
ftr-433	591	10	8	8	NUM
ftr-433	591	11	.	.	PUNCT
ftr-433	591	12	87	87	NUM
ftr-433	591	13	.	.	PUNCT
ftr-433	592	1	from	from	ADP
ftr-433	592	2	left	left	ADJ
ftr-433	592	3	to	to	ADP
ftr-433	592	4	right	right	NOUN
ftr-433	592	5	,	,	PUNCT
ftr-433	592	6	the	the	DET
ftr-433	592	7	columns	column	NOUN
ftr-433	592	8	contain	contain	VERB
ftr-433	592	9	the	the	DET
ftr-433	592	10	following	follow	VERB
ftr-433	592	11	information	information	NOUN
ftr-433	592	12	about	about	ADP
ftr-433	592	13	each	each	PRON
ftr-433	592	14	of	of	ADP
ftr-433	592	15	those	those	DET
ftr-433	592	16	recovery	recovery	NOUN
ftr-433	592	17	methods	method	NOUN
ftr-433	592	18	:	:	PUNCT
ftr-433	592	19	(	(	PUNCT
ftr-433	592	20	1	1	X
ftr-433	592	21	)	)	PUNCT
ftr-433	592	22	name	name	NOUN
ftr-433	592	23	of	of	ADP
ftr-433	592	24	recovery	recovery	NOUN
ftr-433	592	25	method	method	NOUN
ftr-433	592	26	;	;	PUNCT
ftr-433	592	27	(	(	PUNCT
ftr-433	592	28	2	2	X
ftr-433	592	29	)	)	PUNCT
ftr-433	592	30	pre	pre	ADJ
ftr-433	592	31	-	-	ADJ
ftr-433	592	32	tax	tax	ADJ
ftr-433	592	33	net	net	ADJ
ftr-433	592	34	present	present	ADJ
ftr-433	592	35	1value	1value	NUM
ftr-433	592	36	of	of	ADP
ftr-433	592	37	the	the	DET
ftr-433	592	38	pre	pre	ADJ
ftr-433	592	39	-	-	ADJ
ftr-433	592	40	tax	tax	ADJ
ftr-433	592	41	cash	cash	NOUN
ftr-433	592	42	flow	flow	NOUN
ftr-433	592	43	(	(	PUNCT
ftr-433	592	44	npv	npv	NOUN
ftr-433	592	45	ptcf	ptcf	PROPN
ftr-433	592	46	)	)	PUNCT
ftr-433	592	47	;	;	PUNCT
ftr-433	592	48	(	(	PUNCT
ftr-433	592	49	3	3	X
ftr-433	592	50	)	)	PUNCT
ftr-433	592	51	after	after	ADP
ftr-433	592	52	-	-	PUNCT
ftr-433	592	53	tax	tax	NOUN
ftr-433	592	54	net	net	ADJ
ftr-433	592	55	present	present	ADJ
ftr-433	592	56	value	value	NOUN
ftr-433	592	57	of	of	ADP
ftr-433	592	58	the	the	DET
ftr-433	592	59	pre2	pre2	PROPN
ftr-433	592	60	2tax	2tax	PROPN
ftr-433	592	61	cash	cash	NOUN
ftr-433	592	62	flow	flow	NOUN
ftr-433	592	63	(	(	PUNCT
ftr-433	592	64	npv	npv	NOUN
ftr-433	592	65	atcf	atcf	NOUN
ftr-433	592	66	)	)	PUNCT
ftr-433	592	67	;	;	PUNCT
ftr-433	592	68	(	(	PUNCT
ftr-433	592	69	4	4	X
ftr-433	592	70	)	)	PUNCT
ftr-433	592	71	net	net	ADJ
ftr-433	592	72	after	after	ADP
ftr-433	592	73	-	-	PUNCT
ftr-433	592	74	tax	tax	NOUN
ftr-433	592	75	present	present	ADJ
ftr-433	592	76	value	value	NOUN
ftr-433	592	77	of	of	ADP
ftr-433	592	78	the	the	DET
ftr-433	592	79	tax	tax	NOUN
ftr-433	592	80	paid	pay	VERB
ftr-433	592	81	(	(	PUNCT
ftr-433	592	82	npv	npv	NOUN
ftr-433	592	83	2tax	2tax	NOUN
ftr-433	592	84	)	)	PUNCT
ftr-433	592	85	;	;	PUNCT
ftr-433	592	86	and	and	CCONJ
ftr-433	592	87	(	(	PUNCT
ftr-433	592	88	5	5	NUM
ftr-433	592	89	)	)	PUNCT
ftr-433	592	90	after	after	ADP
ftr-433	592	91	-	-	PUNCT
ftr-433	592	92	tax	tax	NOUN
ftr-433	592	93	present	present	ADJ
ftr-433	592	94	value	value	NOUN
ftr-433	592	95	of	of	ADP
ftr-433	592	96	the	the	DET
ftr-433	592	97	after	after	ADP
ftr-433	592	98	-	-	PUNCT
ftr-433	592	99	tax	tax	NOUN
ftr-433	592	100	cash	cash	NOUN
ftr-433	592	101	flow	flow	NOUN
ftr-433	592	102	(	(	PUNCT
ftr-433	592	103	npv	npv	NOUN
ftr-433	592	104	atcf	atcf	NOUN
ftr-433	592	105	)	)	PUNCT
ftr-433	592	106	.	.	PUNCT
ftr-433	593	1	columns	column	NOUN
ftr-433	593	2	2	2	NUM
ftr-433	593	3	and	and	CCONJ
ftr-433	593	4	3	3	NUM
ftr-433	593	5	show	show	VERB
ftr-433	593	6	that	that	SCONJ
ftr-433	593	7	there	there	PRON
ftr-433	593	8	is	be	VERB
ftr-433	593	9	a	a	DET
ftr-433	593	10	fixed	fix	VERB
ftr-433	593	11	difference	difference	NOUN
ftr-433	593	12	of	of	ADP
ftr-433	593	13	$	$	SYM
ftr-433	593	14	11.86	11.86	NUM
ftr-433	593	15	between	between	ADP
ftr-433	593	16	the	the	DET
ftr-433	593	17	pre	pre	NOUN
ftr-433	593	18	-	-	NOUN
ftr-433	593	19	tax	tax	NOUN
ftr-433	593	20	and	and	CCONJ
ftr-433	593	21	after	after	ADP
ftr-433	593	22	-	-	PUNCT
ftr-433	593	23	tax	tax	NOUN
ftr-433	593	24	net	net	ADJ
ftr-433	593	25	present	present	ADJ
ftr-433	593	26	values	value	NOUN
ftr-433	593	27	of	of	ADP
ftr-433	593	28	the	the	DET
ftr-433	593	29	pre	pre	ADJ
ftr-433	593	30	-	-	ADJ
ftr-433	593	31	tax	tax	ADJ
ftr-433	593	32	cash	cash	NOUN
ftr-433	593	33	flow	flow	NOUN
ftr-433	593	34	.	.	PUNCT
ftr-433	594	1	those	those	DET
ftr-433	594	2	net	net	ADJ
ftr-433	594	3	present	present	ADJ
ftr-433	594	4	values	value	NOUN
ftr-433	594	5	are	be	AUX
ftr-433	594	6	computed	compute	VERB
ftr-433	594	7	using	use	VERB
ftr-433	594	8	10	10	NUM
ftr-433	594	9	%	%	NOUN
ftr-433	594	10	and	and	CCONJ
ftr-433	594	11	5	5	NUM
ftr-433	594	12	%	%	NOUN
ftr-433	594	13	discount	discount	NOUN
ftr-433	594	14	rates	rate	NOUN
ftr-433	594	15	,	,	PUNCT
ftr-433	594	16	respectively	respectively	ADV
ftr-433	594	17	.	.	PUNCT
ftr-433	595	1	columns	column	NOUN
ftr-433	595	2	4	4	NUM
ftr-433	595	3	and	and	CCONJ
ftr-433	595	4	5	5	NUM
ftr-433	595	5	show	show	VERB
ftr-433	595	6	that	that	SCONJ
ftr-433	595	7	2the	2the	NUM
ftr-433	595	8	npv	npv	NOUN
ftr-433	595	9	of	of	ADP
ftr-433	595	10	the	the	DET
ftr-433	595	11	tax	tax	NOUN
ftr-433	595	12	paid	pay	VERB
ftr-433	595	13	and	and	CCONJ
ftr-433	595	14	the	the	DET
ftr-433	595	15	after	after	ADP
ftr-433	595	16	-	-	PUNCT
ftr-433	595	17	tax	tax	NOUN
ftr-433	595	18	cash	cash	NOUN
ftr-433	595	19	flow	flow	NOUN
ftr-433	595	20	vary	vary	VERB
ftr-433	595	21	inversely	inversely	ADV
ftr-433	595	22	to	to	ADP
ftr-433	595	23	each	each	DET
ftr-433	595	24	other	other	ADJ
ftr-433	595	25	,	,	PUNCT
ftr-433	595	26	but	but	CCONJ
ftr-433	595	27	2	2	NUM
ftr-433	595	28	2always	2always	NUM
ftr-433	595	29	total	total	ADJ
ftr-433	595	30	$	$	SYM
ftr-433	595	31	11.86	11.86	NUM
ftr-433	595	32	.	.	PUNCT
ftr-433	596	1	column	column	NOUN
ftr-433	596	2	6	6	NUM
ftr-433	596	3	computes	compute	VERB
ftr-433	596	4	the	the	DET
ftr-433	596	5	“	"	PUNCT
ftr-433	596	6	npv	npv	ADJ
ftr-433	596	7	effective	effective	ADJ
ftr-433	596	8	tax	tax	NOUN
ftr-433	596	9	rate	rate	NOUN
ftr-433	596	10	”	"	PUNCT
ftr-433	596	11	(	(	PUNCT
ftr-433	596	12	npv	npv	PROPN
ftr-433	596	13	etr	etr	PROPN
ftr-433	596	14	)	)	PUNCT
ftr-433	596	15	.	.	PUNCT
ftr-433	597	1	the	the	DET
ftr-433	597	2	last	last	ADJ
ftr-433	597	3	three	three	NUM
ftr-433	597	4	columns	column	NOUN
ftr-433	597	5	contain	contain	VERB
ftr-433	597	6	the	the	DET
ftr-433	597	7	following	follow	VERB
ftr-433	597	8	information	information	NOUN
ftr-433	597	9	for	for	ADP
ftr-433	597	10	each	each	DET
ftr-433	597	11	cost	cost	NOUN
ftr-433	597	12	recovery	recovery	NOUN
ftr-433	597	13	method	method	NOUN
ftr-433	597	14	:	:	PUNCT
ftr-433	597	15	1(7	1(7	NUM
ftr-433	597	16	)	)	PUNCT
ftr-433	597	17	internal	internal	ADJ
ftr-433	597	18	rate	rate	NOUN
ftr-433	597	19	of	of	ADP
ftr-433	597	20	return	return	NOUN
ftr-433	597	21	of	of	ADP
ftr-433	597	22	the	the	DET
ftr-433	597	23	ptcf	ptcf	NOUN
ftr-433	597	24	(	(	PUNCT
ftr-433	597	25	irr	irr	NOUN
ftr-433	597	26	ptcf	ptcf	NOUN
ftr-433	597	27	or	or	CCONJ
ftr-433	597	28	irr	irr	NOUN
ftr-433	597	29	)	)	PUNCT
ftr-433	597	30	;	;	PUNCT
ftr-433	597	31	(	(	PUNCT
ftr-433	597	32	8)	8)	NUM
ftr-433	597	33	internal	internal	ADJ
ftr-433	597	34	rate	rate	NOUN
ftr-433	597	35	of	of	ADP
ftr-433	597	36	2return	2return	NUM
ftr-433	597	37	of	of	ADP
ftr-433	597	38	the	the	DET
ftr-433	597	39	atcf	atcf	NOUN
ftr-433	597	40	(	(	PUNCT
ftr-433	597	41	irr	irr	PROPN
ftr-433	597	42	atcf	atcf	NOUN
ftr-433	597	43	or	or	CCONJ
ftr-433	597	44	irr	irr	NOUN
ftr-433	597	45	)	)	PUNCT
ftr-433	597	46	;	;	PUNCT
ftr-433	597	47	and	and	CCONJ
ftr-433	597	48	(	(	PUNCT
ftr-433	597	49	9	9	X
ftr-433	597	50	)	)	PUNCT
ftr-433	597	51	the	the	DET
ftr-433	597	52	“	"	PUNCT
ftr-433	597	53	irr	irr	NOUN
ftr-433	597	54	effective	effective	ADJ
ftr-433	597	55	tax	tax	NOUN
ftr-433	597	56	rate	rate	NOUN
ftr-433	597	57	”	"	PUNCT
ftr-433	597	58	(	(	PUNCT
ftr-433	597	59	irr	irr	PROPN
ftr-433	597	60	etr	etr	PROPN
ftr-433	597	61	)	)	PUNCT
ftr-433	597	62	.	.	PUNCT
ftr-433	598	1	see	see	VERB
ftr-433	598	2	discussions	discussion	NOUN
ftr-433	598	3	of	of	ADP
ftr-433	598	4	these	these	DET
ftr-433	598	5	financial	financial	ADJ
ftr-433	598	6	criteria	criterion	NOUN
ftr-433	598	7	,	,	PUNCT
ftr-433	598	8	text	text	NOUN
ftr-433	598	9	accompanying	accompanying	ADJ
ftr-433	598	10	supra	supra	PROPN
ftr-433	598	11	notes	note	VERB
ftr-433	598	12	33	33	NUM
ftr-433	598	13	-	-	SYM
ftr-433	598	14	37	37	NUM
ftr-433	598	15	and	and	CCONJ
ftr-433	598	16	45	45	NUM
ftr-433	598	17	-	-	SYM
ftr-433	598	18	50	50	NUM
ftr-433	598	19	.	.	PUNCT
ftr-433	599	1	economic	economic	ADJ
ftr-433	599	2	to	to	ADP
ftr-433	599	3	expensing	expense	VERB
ftr-433	599	4	(	(	PUNCT
ftr-433	599	5	$	$	SYM
ftr-433	599	6	11.86	11.86	NUM
ftr-433	599	7	to	to	PART
ftr-433	599	8	$	$	SYM
ftr-433	599	9	5.93	5.93	NUM
ftr-433	599	10	)	)	PUNCT
ftr-433	599	11	is	be	AUX
ftr-433	599	12	exactly	exactly	ADV
ftr-433	599	13	offset	offset	VERB
ftr-433	599	14	by	by	ADP
ftr-433	599	15	a	a	DET
ftr-433	599	16	corresponding	corresponding	ADJ
ftr-433	599	17	increase	increase	NOUN
ftr-433	599	18	in	in	ADP
ftr-433	599	19	the	the	DET
ftr-433	599	20	present	present	ADJ
ftr-433	599	21	value	value	NOUN
ftr-433	599	22	of	of	ADP
ftr-433	599	23	the	the	DET
ftr-433	599	24	after	after	ADP
ftr-433	599	25	-	-	PUNCT
ftr-433	599	26	tax	tax	NOUN
ftr-433	599	27	cash	cash	NOUN
ftr-433	599	28	flow	flow	NOUN
ftr-433	599	29	(	(	PUNCT
ftr-433	599	30	$	$	SYM
ftr-433	599	31	0.00	0.00	NUM
ftr-433	599	32	to	to	ADP
ftr-433	599	33	$	$	SYM
ftr-433	599	34	5.93	5.93	NUM
ftr-433	599	35	)	)	PUNCT
ftr-433	599	36	.	.	PUNCT
ftr-433	600	1	modern	modern	ADJ
ftr-433	600	2	financial	financial	ADJ
ftr-433	600	3	analysis	analysis	NOUN
ftr-433	600	4	focuses	focus	VERB
ftr-433	600	5	on	on	ADP
ftr-433	600	6	the	the	DET
ftr-433	600	7	relative	relative	ADJ
ftr-433	600	8	ability	ability	NOUN
ftr-433	600	9	of	of	ADP
ftr-433	600	10	accelerated	accelerate	VERB
ftr-433	600	11	cost	cost	NOUN
ftr-433	600	12	recovery	recovery	NOUN
ftr-433	600	13	methods	method	NOUN
ftr-433	600	14	to	to	PART
ftr-433	600	15	increase	increase	VERB
ftr-433	600	16	the	the	DET
ftr-433	600	17	net	net	ADJ
ftr-433	600	18	present	present	ADJ
ftr-433	600	19	value	value	NOUN
ftr-433	600	20	of	of	ADP
ftr-433	600	21	the	the	DET
ftr-433	600	22	after	after	ADP
ftr-433	600	23	-	-	PUNCT
ftr-433	600	24	tax	tax	NOUN
ftr-433	600	25	cash	cash	NOUN
ftr-433	600	26	2flow	2flow	NUM
ftr-433	600	27	(	(	PUNCT
ftr-433	600	28	npv	npv	PROPN
ftr-433	600	29	atcf	atcf	NOUN
ftr-433	600	30	)	)	PUNCT
ftr-433	600	31	produced	produce	VERB
ftr-433	600	32	by	by	ADP
ftr-433	600	33	investments	investment	NOUN
ftr-433	600	34	using	use	VERB
ftr-433	600	35	an	an	DET
ftr-433	600	36	after	after	ADP
ftr-433	600	37	-	-	PUNCT
ftr-433	600	38	tax	tax	NOUN
ftr-433	600	39	discount	discount	NOUN
ftr-433	600	40	rate.85	rate.85	PROPN
ftr-433	600	41	modern	modern	ADJ
ftr-433	600	42	analysis	analysis	NOUN
ftr-433	600	43	also	also	ADV
ftr-433	600	44	focuses	focus	VERB
ftr-433	600	45	on	on	ADP
ftr-433	600	46	the	the	DET
ftr-433	600	47	impact	impact	NOUN
ftr-433	600	48	accelerated	accelerate	VERB
ftr-433	600	49	cost	cost	NOUN
ftr-433	600	50	recovery	recovery	NOUN
ftr-433	600	51	methods	method	NOUN
ftr-433	600	52	2have	2have	NUM
ftr-433	600	53	on	on	ADP
ftr-433	600	54	the	the	DET
ftr-433	600	55	internal	internal	ADJ
ftr-433	600	56	rate	rate	NOUN
ftr-433	600	57	of	of	ADP
ftr-433	600	58	return	return	NOUN
ftr-433	600	59	of	of	ADP
ftr-433	600	60	the	the	DET
ftr-433	600	61	after	after	ADP
ftr-433	600	62	-	-	PUNCT
ftr-433	600	63	tax	tax	NOUN
ftr-433	600	64	cash	cash	NOUN
ftr-433	600	65	flow	flow	NOUN
ftr-433	600	66	(	(	PUNCT
ftr-433	600	67	irr	irr	PROPN
ftr-433	600	68	atcf	atcf	NOUN
ftr-433	600	69	)	)	PUNCT
ftr-433	600	70	produced	produce	VERB
ftr-433	600	71	by	by	ADP
ftr-433	600	72	similar	similar	ADJ
ftr-433	600	73	investments	investment	NOUN
ftr-433	600	74	.	.	PUNCT
ftr-433	601	1	each	each	DET
ftr-433	601	2	financial	financial	ADJ
ftr-433	601	3	criterion	criterion	NOUN
ftr-433	601	4	allows	allow	VERB
ftr-433	601	5	the	the	DET
ftr-433	601	6	computation	computation	NOUN
ftr-433	601	7	of	of	ADP
ftr-433	601	8	an	an	DET
ftr-433	601	9	effective	effective	ADJ
ftr-433	601	10	tax	tax	NOUN
ftr-433	601	11	rate	rate	NOUN
ftr-433	601	12	(	(	PUNCT
ftr-433	601	13	etr	etr	PROPN
ftr-433	601	14	)	)	PUNCT
ftr-433	601	15	that	that	PRON
ftr-433	601	16	can	can	AUX
ftr-433	601	17	differ	differ	VERB
ftr-433	601	18	substantially	substantially	ADV
ftr-433	601	19	from	from	ADP
ftr-433	601	20	the	the	DET
ftr-433	601	21	nominal	nominal	ADJ
ftr-433	601	22	tax	tax	NOUN
ftr-433	601	23	rate	rate	NOUN
ftr-433	601	24	.	.	PUNCT
ftr-433	602	1	a	a	DET
ftr-433	602	2	comparative	comparative	ADJ
ftr-433	602	3	analysis	analysis	NOUN
ftr-433	602	4	of	of	ADP
ftr-433	602	5	these	these	DET
ftr-433	602	6	effective	effective	ADJ
ftr-433	602	7	tax	tax	NOUN
ftr-433	602	8	rates	rate	NOUN
ftr-433	602	9	adds	add	VERB
ftr-433	602	10	considerably	considerably	ADV
ftr-433	602	11	to	to	ADP
ftr-433	602	12	our	our	PRON
ftr-433	602	13	understanding	understanding	NOUN
ftr-433	602	14	of	of	ADP
ftr-433	602	15	the	the	DET
ftr-433	602	16	financial	financial	ADJ
ftr-433	602	17	effects	effect	NOUN
ftr-433	602	18	produced	produce	VERB
ftr-433	602	19	by	by	ADP
ftr-433	602	20	various	various	ADJ
ftr-433	602	21	cost	cost	NOUN
ftr-433	602	22	recovery	recovery	NOUN
ftr-433	602	23	methods	method	NOUN
ftr-433	602	24	.	.	PUNCT
ftr-433	603	1	table	table	NOUN
ftr-433	603	2	8	8	NUM
ftr-433	603	3	below	below	ADV
ftr-433	603	4	shows	show	VERB
ftr-433	603	5	the	the	DET
ftr-433	603	6	elements	element	NOUN
ftr-433	603	7	that	that	PRON
ftr-433	603	8	go	go	VERB
ftr-433	603	9	into	into	ADP
ftr-433	603	10	the	the	DET
ftr-433	603	11	computation	computation	NOUN
ftr-433	603	12	of	of	ADP
ftr-433	603	13	financial	financial	ADJ
ftr-433	603	14	effective	effective	ADJ
ftr-433	603	15	tax	tax	NOUN
ftr-433	603	16	rates	rate	NOUN
ftr-433	603	17	for	for	ADP
ftr-433	603	18	each	each	PRON
ftr-433	603	19	of	of	ADP
ftr-433	603	20	the	the	DET
ftr-433	603	21	rbit	rbit	NOUN
ftr-433	603	22	cost	cost	NOUN
ftr-433	603	23	recovery	recovery	NOUN
ftr-433	603	24	methods	method	NOUN
ftr-433	603	25	examined	examine	VERB
ftr-433	603	26	so	so	ADV
ftr-433	603	27	far	far	ADV
ftr-433	603	28	.	.	PUNCT
ftr-433	604	1	this	this	DET
ftr-433	604	2	table	table	NOUN
ftr-433	604	3	ranks	rank	VERB
ftr-433	604	4	the	the	DET
ftr-433	604	5	rbit	rbit	NOUN
ftr-433	604	6	base	base	NOUN
ftr-433	604	7	recovery	recovery	NOUN
ftr-433	604	8	methods	method	NOUN
ftr-433	604	9	analyzed	analyze	VERB
ftr-433	604	10	in	in	ADP
ftr-433	604	11	part	part	PROPN
ftr-433	604	12	ii	ii	PROPN
ftr-433	604	13	from	from	ADP
ftr-433	604	14	the	the	DET
ftr-433	604	15	slowest	slow	ADJ
ftr-433	604	16	to	to	ADP
ftr-433	604	17	the	the	DET
ftr-433	604	18	fastest	fast	ADJ
ftr-433	604	19	in	in	ADP
ftr-433	604	20	order	order	NOUN
ftr-433	604	21	of	of	ADP
ftr-433	604	22	the	the	DET
ftr-433	604	23	increasing	increase	VERB
ftr-433	604	24	2amounts	2amounts	PROPN
ftr-433	604	25	of	of	ADP
ftr-433	604	26	the	the	DET
ftr-433	604	27	npv	npv	NOUN
ftr-433	604	28	of	of	ADP
ftr-433	604	29	their	their	PRON
ftr-433	604	30	atcfs.86	atcfs.86	NOUN
ftr-433	604	31	table	table	NOUN
ftr-433	604	32	8	8	NUM
ftr-433	604	33	:	:	PUNCT
ftr-433	604	34	modern	modern	ADJ
ftr-433	604	35	financial	financial	ADJ
ftr-433	604	36	analysis	analysis	NOUN
ftr-433	604	37	:	:	PUNCT
ftr-433	604	38	after	after	ADP
ftr-433	604	39	-	-	PUNCT
ftr-433	604	40	tax	tax	NOUN
ftr-433	604	41	financial	financial	ADJ
ftr-433	604	42	yield87	yield87	NOUN
ftr-433	604	43	recovery	recovery	NOUN
ftr-433	604	44	m	m	PROPN
ftr-433	604	45	ethod	ethod	PROPN
ftr-433	604	46	1npv	1npv	PRON
ftr-433	604	47	ptcf	ptcf	VERB
ftr-433	604	48	2npv	2npv	NOUN
ftr-433	604	49	ptcf	ptcf	VERB
ftr-433	604	50	2npv	2npv	NUM
ftr-433	604	51	tax	tax	NOUN
ftr-433	604	52	2npv	2npv	NOUN
ftr-433	604	53	atcf	atcf	VERB
ftr-433	604	54	2npv	2npv	NUM
ftr-433	604	55	etr	etr	PROPN
ftr-433	604	56	irr	irr	PROPN
ftr-433	604	57	ptcf	ptcf	PROPN
ftr-433	604	58	irr	irr	PROPN
ftr-433	604	59	atcf	atcf	PROPN
ftr-433	604	60	irr	irr	PROPN
ftr-433	604	61	etr	etr	PROPN
ftr-433	604	62	econ	econ	PROPN
ftr-433	604	63	0.00	0.00	NUM
ftr-433	604	64	11.86	11.86	NUM
ftr-433	604	65	11.86	11.86	NUM
ftr-433	604	66	0.00	0.00	NUM
ftr-433	604	67	100	100	NUM
ftr-433	604	68	%	%	NOUN
ftr-433	604	69	10.0	10.0	NUM
ftr-433	604	70	%	%	NOUN
ftr-433	604	71	5.0	5.0	NUM
ftr-433	604	72	%	%	NOUN
ftr-433	604	73	50.0	50.0	NUM
ftr-433	604	74	%	%	NOUN
ftr-433	604	75	acrs	acr	NOUN
ftr-433	604	76	0.00	0.00	NUM
ftr-433	604	77	11.86	11.86	NUM
ftr-433	604	78	10.80	10.80	NUM
ftr-433	604	79	1.04	1.04	NUM
ftr-433	604	80	91.2	91.2	NUM
ftr-433	604	81	%	%	NOUN
ftr-433	604	82	10.0	10.0	NUM
ftr-433	604	83	%	%	NOUN
ftr-433	604	84	5.48	5.48	NUM
ftr-433	604	85	%	%	NOUN
ftr-433	604	86	45.2	45.2	NUM
ftr-433	604	87	%	%	NOUN
ftr-433	604	88	m	m	NOUN
ftr-433	604	89	acrs	acr	NOUN
ftr-433	604	90	0.00	0.00	NUM
ftr-433	604	91	11.86	11.86	NUM
ftr-433	604	92	10.46	10.46	NUM
ftr-433	604	93	1.41	1.41	NUM
ftr-433	604	94	88.1	88.1	NUM
ftr-433	604	95	%	%	NOUN
ftr-433	604	96	10.0	10.0	NUM
ftr-433	604	97	%	%	NOUN
ftr-433	604	98	5.67	5.67	NUM
ftr-433	604	99	%	%	NOUN
ftr-433	604	100	43.3	43.3	NUM
ftr-433	604	101	%	%	NOUN
ftr-433	604	102	yr	yr	NOUN
ftr-433	604	103	end	end	NOUN
ftr-433	604	104	exp	exp	NOUN
ftr-433	604	105	0.00	0.00	NUM
ftr-433	604	106	11.86	11.86	NUM
ftr-433	604	107	8.33	8.33	NUM
ftr-433	604	108	3.57	3.57	NUM
ftr-433	604	109	69.9	69.9	NUM
ftr-433	604	110	%	%	NOUN
ftr-433	604	111	10.0	10.0	NUM
ftr-433	604	112	%	%	NOUN
ftr-433	604	113	7.11	7.11	NUM
ftr-433	604	114	%	%	NOUN
ftr-433	604	115	28.9	28.9	NUM
ftr-433	604	116	%	%	NOUN
ftr-433	604	117	theory	theory	NOUN
ftr-433	604	118	exp	exp	NOUN
ftr-433	604	119	0.00	0.00	NUM
ftr-433	604	120	11.86	11.86	NUM
ftr-433	604	121	5.93	5.93	NUM
ftr-433	604	122	5.93	5.93	NUM
ftr-433	604	123	50	50	NUM
ftr-433	604	124	%	%	NOUN
ftr-433	604	125	10.0	10.0	NUM
ftr-433	604	126	%	%	NOUN
ftr-433	604	127	10.0	10.0	NUM
ftr-433	604	128	%	%	NOUN
ftr-433	604	129	0.0	0.0	NUM
ftr-433	604	130	%	%	NOUN
ftr-433	604	131	2002	2002	NUM
ftr-433	604	132	]	]	PUNCT
ftr-433	604	133	normative	normative	ADJ
ftr-433	604	134	capital	capital	NOUN
ftr-433	604	135	cost	cost	NOUN
ftr-433	604	136	recovery	recovery	NOUN
ftr-433	604	137	493	493	NUM
ftr-433	604	138	88	88	NUM
ftr-433	604	139	.	.	PUNCT
ftr-433	605	1	see	see	VERB
ftr-433	605	2	text	text	NOUN
ftr-433	605	3	accompanying	accompany	VERB
ftr-433	605	4	infra	infra	NOUN
ftr-433	605	5	notes	note	VERB
ftr-433	605	6	149	149	NUM
ftr-433	605	7	-	-	SYM
ftr-433	605	8	52	52	NUM
ftr-433	605	9	.	.	PUNCT
ftr-433	606	1	the	the	DET
ftr-433	606	2	fact	fact	NOUN
ftr-433	606	3	that	that	SCONJ
ftr-433	606	4	economic	economic	ADJ
ftr-433	606	5	depreciation	depreciation	NOUN
ftr-433	606	6	and	and	CCONJ
ftr-433	606	7	expensing	expense	VERB
ftr-433	606	8	lie	lie	NOUN
ftr-433	606	9	at	at	ADP
ftr-433	606	10	opposite	opposite	ADJ
ftr-433	606	11	ends	end	NOUN
ftr-433	606	12	of	of	ADP
ftr-433	606	13	a	a	DET
ftr-433	606	14	spectrum	spectrum	NOUN
ftr-433	606	15	of	of	ADP
ftr-433	606	16	recovery	recovery	NOUN
ftr-433	606	17	methods	method	NOUN
ftr-433	606	18	as	as	SCONJ
ftr-433	606	19	warren	warren	PROPN
ftr-433	606	20	predicted	predict	VERB
ftr-433	606	21	can	can	AUX
ftr-433	606	22	be	be	AUX
ftr-433	606	23	seen	see	VERB
ftr-433	606	24	in	in	ADP
ftr-433	606	25	many	many	ADJ
ftr-433	606	26	ways	way	NOUN
ftr-433	606	27	.	.	PUNCT
ftr-433	607	1	for	for	ADP
ftr-433	607	2	example	example	NOUN
ftr-433	607	3	,	,	PUNCT
ftr-433	607	4	a	a	DET
ftr-433	607	5	modern	modern	ADJ
ftr-433	607	6	financial	financial	ADJ
ftr-433	607	7	analysis	analysis	NOUN
ftr-433	607	8	of	of	ADP
ftr-433	607	9	the	the	DET
ftr-433	607	10	income	income	NOUN
ftr-433	607	11	tax	tax	NOUN
ftr-433	607	12	recovery	recovery	NOUN
ftr-433	607	13	methods	method	NOUN
ftr-433	607	14	examined	examine	VERB
ftr-433	607	15	so	so	ADV
ftr-433	607	16	far	far	ADV
ftr-433	607	17	would	would	AUX
ftr-433	607	18	rank	rank	VERB
ftr-433	607	19	them	they	PRON
ftr-433	607	20	from	from	ADP
ftr-433	607	21	the	the	DET
ftr-433	607	22	“	"	PUNCT
ftr-433	607	23	slowest	slow	ADJ
ftr-433	607	24	”	"	PUNCT
ftr-433	607	25	(	(	PUNCT
ftr-433	607	26	economic	economic	ADJ
ftr-433	607	27	)	)	PUNCT
ftr-433	607	28	to	to	ADP
ftr-433	607	29	the	the	DET
ftr-433	607	30	“	"	PUNCT
ftr-433	607	31	fastest	fast	ADJ
ftr-433	607	32	”	"	PUNCT
ftr-433	607	33	(	(	PUNCT
ftr-433	607	34	expensing	expensing	NOUN
ftr-433	607	35	)	)	PUNCT
ftr-433	607	36	according	accord	VERB
ftr-433	607	37	to	to	ADP
ftr-433	607	38	:	:	PUNCT
ftr-433	607	39	(	(	PUNCT
ftr-433	607	40	1	1	X
ftr-433	607	41	)	)	PUNCT
ftr-433	607	42	the	the	DET
ftr-433	607	43	increasing	increase	VERB
ftr-433	607	44	order	order	NOUN
ftr-433	607	45	of	of	ADP
ftr-433	607	46	the	the	DET
ftr-433	607	47	net	net	ADJ
ftr-433	607	48	after	after	ADP
ftr-433	607	49	-	-	PUNCT
ftr-433	607	50	tax	tax	NOUN
ftr-433	608	1	2present	2present	NUM
ftr-433	608	2	value	value	NOUN
ftr-433	608	3	of	of	ADP
ftr-433	608	4	the	the	DET
ftr-433	608	5	after	after	ADP
ftr-433	608	6	-	-	PUNCT
ftr-433	608	7	tax	tax	NOUN
ftr-433	608	8	cash	cash	NOUN
ftr-433	608	9	flow	flow	NOUN
ftr-433	608	10	(	(	PUNCT
ftr-433	608	11	npv	npv	NOUN
ftr-433	608	12	atcf	atcf	NOUN
ftr-433	608	13	)	)	PUNCT
ftr-433	608	14	;	;	PUNCT
ftr-433	608	15	(	(	PUNCT
ftr-433	608	16	2	2	X
ftr-433	608	17	)	)	PUNCT
ftr-433	608	18	the	the	DET
ftr-433	608	19	increasing	increase	VERB
ftr-433	608	20	order	order	NOUN
ftr-433	608	21	of	of	ADP
ftr-433	608	22	the	the	DET
ftr-433	608	23	irr	irr	NOUN
ftr-433	608	24	of	of	ADP
ftr-433	608	25	the	the	DET
ftr-433	608	26	atcf	atcf	NOUN
ftr-433	608	27	;	;	PUNCT
ftr-433	608	28	and	and	CCONJ
ftr-433	608	29	(	(	PUNCT
ftr-433	608	30	3	3	X
ftr-433	608	31	)	)	PUNCT
ftr-433	608	32	the	the	DET
ftr-433	608	33	decreasing	decrease	VERB
ftr-433	608	34	order	order	NOUN
ftr-433	608	35	of	of	ADP
ftr-433	608	36	the	the	DET
ftr-433	608	37	effective	effective	ADJ
ftr-433	608	38	tax	tax	NOUN
ftr-433	608	39	rate	rate	NOUN
ftr-433	608	40	(	(	PUNCT
ftr-433	608	41	etr	etr	PROPN
ftr-433	608	42	)	)	PUNCT
ftr-433	608	43	as	as	SCONJ
ftr-433	608	44	measured	measure	VERB
ftr-433	608	45	by	by	ADP
ftr-433	608	46	both	both	DET
ftr-433	608	47	methods	method	NOUN
ftr-433	608	48	.	.	PUNCT
ftr-433	609	1	not	not	PART
ftr-433	609	2	present	present	ADJ
ftr-433	609	3	value	value	NOUN
ftr-433	609	4	(	(	PUNCT
ftr-433	609	5	npv	npv	NOUN
ftr-433	609	6	)	)	PUNCT
ftr-433	609	7	and	and	CCONJ
ftr-433	609	8	internal	internal	ADJ
ftr-433	609	9	rate	rate	NOUN
ftr-433	609	10	of	of	ADP
ftr-433	609	11	return	return	NOUN
ftr-433	609	12	(	(	PUNCT
ftr-433	609	13	irr	irr	PROPN
ftr-433	609	14	)	)	PUNCT
ftr-433	609	15	are	be	AUX
ftr-433	609	16	very	very	ADV
ftr-433	609	17	different	different	ADJ
ftr-433	609	18	indicators	indicator	NOUN
ftr-433	609	19	of	of	ADP
ftr-433	609	20	effective	effective	ADJ
ftr-433	609	21	tax	tax	NOUN
ftr-433	609	22	rates	rate	NOUN
ftr-433	609	23	.	.	PUNCT
ftr-433	610	1	for	for	ADP
ftr-433	610	2	example	example	NOUN
ftr-433	610	3	,	,	PUNCT
ftr-433	610	4	the	the	DET
ftr-433	610	5	irr	irr	NOUN
ftr-433	610	6	of	of	ADP
ftr-433	610	7	the	the	DET
ftr-433	610	8	atcf	atcf	NOUN
ftr-433	610	9	for	for	ADP
ftr-433	610	10	economic	economic	ADJ
ftr-433	610	11	depreciation	depreciation	NOUN
ftr-433	610	12	in	in	ADP
ftr-433	610	13	table	table	NOUN
ftr-433	610	14	8	8	NUM
ftr-433	610	15	is	be	AUX
ftr-433	610	16	exactly	exactly	ADV
ftr-433	610	17	5	5	NUM
ftr-433	610	18	%	%	NOUN
ftr-433	610	19	.	.	PUNCT
ftr-433	611	1	because	because	SCONJ
ftr-433	611	2	the	the	DET
ftr-433	611	3	irr	irr	NOUN
ftr-433	611	4	of	of	ADP
ftr-433	611	5	the	the	DET
ftr-433	611	6	pretax	pretax	ADJ
ftr-433	611	7	cash	cash	NOUN
ftr-433	611	8	flow	flow	NOUN
ftr-433	611	9	(	(	PUNCT
ftr-433	611	10	ptcf	ptcf	NOUN
ftr-433	611	11	)	)	PUNCT
ftr-433	611	12	is	be	AUX
ftr-433	611	13	10	10	NUM
ftr-433	611	14	%	%	NOUN
ftr-433	611	15	,	,	PUNCT
ftr-433	611	16	economic	economic	ADJ
ftr-433	611	17	depreciation	depreciation	NOUN
ftr-433	611	18	produces	produce	VERB
ftr-433	611	19	an	an	DET
ftr-433	611	20	irr	irr	NOUN
ftr-433	611	21	effective	effective	ADJ
ftr-433	611	22	tax	tax	NOUN
ftr-433	611	23	rate	rate	NOUN
ftr-433	611	24	(	(	PUNCT
ftr-433	611	25	irr	irr	PROPN
ftr-433	611	26	etr	etr	PROPN
ftr-433	611	27	)	)	PUNCT
ftr-433	611	28	that	that	PRON
ftr-433	611	29	is	be	AUX
ftr-433	611	30	exactly	exactly	ADV
ftr-433	611	31	equal	equal	ADJ
ftr-433	611	32	to	to	ADP
ftr-433	611	33	the	the	DET
ftr-433	611	34	nominal	nominal	ADJ
ftr-433	611	35	tax	tax	NOUN
ftr-433	611	36	rate	rate	NOUN
ftr-433	611	37	of	of	ADP
ftr-433	611	38	50	50	NUM
ftr-433	611	39	%	%	NOUN
ftr-433	611	40	.	.	PUNCT
ftr-433	612	1	in	in	ADP
ftr-433	612	2	other	other	ADJ
ftr-433	612	3	words	word	NOUN
ftr-433	612	4	,	,	PUNCT
ftr-433	612	5	the	the	DET
ftr-433	612	6	rate	rate	NOUN
ftr-433	612	7	of	of	ADP
ftr-433	612	8	financial	financial	ADJ
ftr-433	612	9	return	return	NOUN
ftr-433	612	10	before	before	ADP
ftr-433	612	11	tax	tax	NOUN
ftr-433	612	12	(	(	PUNCT
ftr-433	612	13	10	10	NUM
ftr-433	612	14	%	%	NOUN
ftr-433	612	15	)	)	PUNCT
ftr-433	612	16	is	be	AUX
ftr-433	612	17	reduced	reduce	VERB
ftr-433	612	18	exactly	exactly	ADV
ftr-433	612	19	by	by	ADP
ftr-433	612	20	the	the	DET
ftr-433	612	21	tax	tax	NOUN
ftr-433	612	22	rate	rate	NOUN
ftr-433	612	23	in	in	ADP
ftr-433	612	24	order	order	NOUN
ftr-433	612	25	to	to	PART
ftr-433	612	26	produce	produce	VERB
ftr-433	612	27	the	the	DET
ftr-433	612	28	appropriately	appropriately	ADV
ftr-433	612	29	reduced	reduce	VERB
ftr-433	612	30	rate	rate	NOUN
ftr-433	612	31	of	of	ADP
ftr-433	612	32	financial	financial	ADJ
ftr-433	612	33	return	return	NOUN
ftr-433	612	34	on	on	ADP
ftr-433	612	35	this	this	DET
ftr-433	612	36	investment	investment	NOUN
ftr-433	612	37	after	after	ADP
ftr-433	612	38	tax	tax	NOUN
ftr-433	612	39	(	(	PUNCT
ftr-433	612	40	5%).88	5%).88	NUM
ftr-433	612	41	effective	effective	ADJ
ftr-433	612	42	tax	tax	NOUN
ftr-433	612	43	rates	rate	NOUN
ftr-433	612	44	that	that	PRON
ftr-433	612	45	are	be	AUX
ftr-433	612	46	computed	compute	VERB
ftr-433	612	47	by	by	ADP
ftr-433	612	48	using	use	VERB
ftr-433	612	49	net	net	ADJ
ftr-433	612	50	present	present	ADJ
ftr-433	612	51	value	value	NOUN
ftr-433	612	52	tell	tell	VERB
ftr-433	612	53	a	a	DET
ftr-433	612	54	2different	2different	NUM
ftr-433	612	55	story	story	NOUN
ftr-433	612	56	.	.	PUNCT
ftr-433	613	1	the	the	DET
ftr-433	613	2	key	key	ADJ
ftr-433	613	3	elements	element	NOUN
ftr-433	613	4	in	in	ADP
ftr-433	613	5	computing	compute	VERB
ftr-433	613	6	npv	npv	PROPN
ftr-433	613	7	etr	etr	PROPN
ftr-433	613	8	are	be	AUX
ftr-433	613	9	:	:	PUNCT
ftr-433	613	10	(	(	PUNCT
ftr-433	613	11	1	1	X
ftr-433	613	12	)	)	PUNCT
ftr-433	613	13	the	the	DET
ftr-433	613	14	npv	npv	NOUN
ftr-433	613	15	of	of	ADP
ftr-433	613	16	2	2	NUM
ftr-433	613	17	2the	2the	NUM
ftr-433	613	18	ptcf	ptcf	NOUN
ftr-433	613	19	;	;	PUNCT
ftr-433	613	20	(	(	PUNCT
ftr-433	613	21	2	2	X
ftr-433	613	22	)	)	PUNCT
ftr-433	613	23	the	the	DET
ftr-433	613	24	npv	npv	NOUN
ftr-433	613	25	of	of	ADP
ftr-433	613	26	tax	tax	NOUN
ftr-433	613	27	paid	pay	VERB
ftr-433	613	28	;	;	PUNCT
ftr-433	613	29	and	and	CCONJ
ftr-433	613	30	(	(	PUNCT
ftr-433	613	31	3	3	X
ftr-433	613	32	)	)	PUNCT
ftr-433	613	33	the	the	DET
ftr-433	613	34	npv	npv	NOUN
ftr-433	613	35	of	of	ADP
ftr-433	613	36	the	the	DET
ftr-433	613	37	atcf	atcf	NOUN
ftr-433	613	38	.	.	PUNCT
ftr-433	614	1	npv	npv	PROPN
ftr-433	614	2	etr	etr	PROPN
ftr-433	614	3	is	be	AUX
ftr-433	614	4	computed	compute	VERB
ftr-433	614	5	by	by	ADP
ftr-433	614	6	using	use	VERB
ftr-433	614	7	the	the	DET
ftr-433	614	8	formula	formula	NOUN
ftr-433	614	9	:	:	PUNCT
ftr-433	614	10	2npv	2npv	NUM
ftr-433	614	11	etr	etr	NOUN
ftr-433	614	12	=	=	PUNCT
ftr-433	614	13	npv	npv	NOUN
ftr-433	614	14	tax	tax	NOUN
ftr-433	614	15	2	2	NUM
ftr-433	614	16	2	2	NUM
ftr-433	614	17	npv	npv	NOUN
ftr-433	614	18	tax	tax	NOUN
ftr-433	614	19	+	+	CCONJ
ftr-433	614	20	npv	npv	NOUN
ftr-433	614	21	atcf	atcf	NOUN
ftr-433	614	22	.	.	PUNCT
ftr-433	615	1	as	as	ADP
ftr-433	615	2	table	table	NOUN
ftr-433	615	3	8	8	NUM
ftr-433	615	4	shows	show	NOUN
ftr-433	615	5	,	,	PUNCT
ftr-433	615	6	in	in	ADP
ftr-433	615	7	the	the	DET
ftr-433	615	8	context	context	NOUN
ftr-433	615	9	of	of	ADP
ftr-433	615	10	a	a	DET
ftr-433	615	11	financially	financially	ADV
ftr-433	615	12	break	break	NOUN
ftr-433	615	13	-	-	PUNCT
ftr-433	615	14	even	even	ADV
ftr-433	615	15	investment	investment	NOUN
ftr-433	615	16	,	,	PUNCT
ftr-433	615	17	element	element	NOUN
ftr-433	615	18	1	1	NUM
ftr-433	615	19	always	always	ADV
ftr-433	615	20	equals	equal	VERB
ftr-433	615	21	the	the	DET
ftr-433	615	22	sum	sum	NOUN
ftr-433	615	23	of	of	ADP
ftr-433	615	24	elements	element	NOUN
ftr-433	615	25	2	2	NUM
ftr-433	615	26	and	and	CCONJ
ftr-433	615	27	3	3	NUM
ftr-433	615	28	,	,	PUNCT
ftr-433	615	29	regardless	regardless	ADV
ftr-433	615	30	of	of	ADP
ftr-433	615	31	the	the	DET
ftr-433	615	32	cost	cost	NOUN
ftr-433	615	33	recovery	recovery	NOUN
ftr-433	615	34	method	method	NOUN
ftr-433	615	35	employed	employ	VERB
ftr-433	615	36	,	,	PUNCT
ftr-433	615	37	so	so	ADV
ftr-433	615	38	the	the	DET
ftr-433	615	39	denominator	denominator	NOUN
ftr-433	615	40	can	can	AUX
ftr-433	615	41	be	be	AUX
ftr-433	615	42	simplified	simplify	VERB
ftr-433	615	43	and	and	CCONJ
ftr-433	615	44	re	re	VERB
ftr-433	615	45	-	-	VERB
ftr-433	615	46	written	write	VERB
ftr-433	615	47	as	as	ADP
ftr-433	615	48	:	:	PUNCT
ftr-433	615	49	2npv	2npv	PROPN
ftr-433	615	50	etr	etr	NOUN
ftr-433	615	51	=	=	PUNCT
ftr-433	615	52	npv	npv	PROPN
ftr-433	615	53	tax	tax	NOUN
ftr-433	615	54	2	2	NUM
ftr-433	615	55	npv	npv	NOUN
ftr-433	615	56	ptcf	ptcf	NOUN
ftr-433	615	57	.	.	PUNCT
ftr-433	616	1	when	when	SCONJ
ftr-433	616	2	using	use	VERB
ftr-433	616	3	npv	npv	NOUN
ftr-433	616	4	etr	etr	PROPN
ftr-433	616	5	under	under	ADP
ftr-433	616	6	financially	financially	ADV
ftr-433	616	7	ideal	ideal	ADJ
ftr-433	616	8	conditions	condition	NOUN
ftr-433	616	9	,	,	PUNCT
ftr-433	616	10	the	the	DET
ftr-433	616	11	basic	basic	ADJ
ftr-433	616	12	criterion	criterion	NOUN
ftr-433	616	13	of	of	ADP
ftr-433	616	14	accuracy	accuracy	NOUN
ftr-433	616	15	is	be	AUX
ftr-433	616	16	the	the	DET
ftr-433	616	17	extent	extent	NOUN
ftr-433	616	18	to	to	PART
ftr-433	616	19	which	which	PRON
ftr-433	616	20	the	the	DET
ftr-433	616	21	npv	npv	NOUN
ftr-433	616	22	effective	effective	ADJ
ftr-433	616	23	tax	tax	NOUN
ftr-433	616	24	rate	rate	NOUN
ftr-433	616	25	produced	produce	VERB
ftr-433	616	26	by	by	ADP
ftr-433	616	27	a	a	DET
ftr-433	616	28	given	give	VERB
ftr-433	616	29	cost	cost	NOUN
ftr-433	616	30	recovery	recovery	NOUN
ftr-433	616	31	method	method	NOUN
ftr-433	616	32	coincides	coincide	VERB
ftr-433	616	33	with	with	ADP
ftr-433	616	34	the	the	DET
ftr-433	616	35	nominal	nominal	ADJ
ftr-433	616	36	tax	tax	NOUN
ftr-433	616	37	rate	rate	NOUN
ftr-433	616	38	.	.	PUNCT
ftr-433	617	1	therefore	therefore	ADV
ftr-433	617	2	,	,	PUNCT
ftr-433	617	3	2if	2if	ADJ
ftr-433	617	4	one	one	PRON
ftr-433	617	5	begins	begin	VERB
ftr-433	617	6	with	with	ADP
ftr-433	617	7	the	the	DET
ftr-433	617	8	npv	npv	NOUN
ftr-433	617	9	of	of	ADP
ftr-433	617	10	the	the	DET
ftr-433	617	11	ptcf	ptcf	NOUN
ftr-433	617	12	(	(	PUNCT
ftr-433	617	13	$	$	SYM
ftr-433	617	14	11.86	11.86	NUM
ftr-433	617	15	)	)	PUNCT
ftr-433	617	16	,	,	PUNCT
ftr-433	617	17	and	and	CCONJ
ftr-433	617	18	computes	compute	VERB
ftr-433	617	19	the	the	DET
ftr-433	617	20	fraction	fraction	NOUN
ftr-433	617	21	2	2	NUM
ftr-433	617	22	2npv	2npv	NUM
ftr-433	617	23	tax	tax	NOUN
ftr-433	617	24	/	/	SYM
ftr-433	617	25	npv	npv	NOUN
ftr-433	617	26	ptcf	ptcf	NOUN
ftr-433	617	27	,	,	PUNCT
ftr-433	617	28	one	one	PRON
ftr-433	617	29	quickly	quickly	ADV
ftr-433	617	30	sees	see	VERB
ftr-433	617	31	that	that	SCONJ
ftr-433	617	32	economic	economic	ADJ
ftr-433	617	33	depreciation	depreciation	NOUN
ftr-433	617	34	causes	cause	VERB
ftr-433	617	35	100	100	NUM
ftr-433	617	36	%	%	NOUN
ftr-433	617	37	of	of	ADP
ftr-433	617	38	the	the	DET
ftr-433	617	39	after	after	ADP
ftr-433	617	40	-	-	PUNCT
ftr-433	617	41	tax	tax	NOUN
ftr-433	617	42	net	net	ADJ
ftr-433	617	43	present	present	ADJ
ftr-433	617	44	value	value	NOUN
ftr-433	617	45	of	of	ADP
ftr-433	617	46	the	the	DET
ftr-433	617	47	after	after	ADP
ftr-433	617	48	-	-	PUNCT
ftr-433	617	49	tax	tax	NOUN
ftr-433	617	50	cash	cash	NOUN
ftr-433	617	51	flow	flow	NOUN
ftr-433	617	52	to	to	PART
ftr-433	617	53	be	be	AUX
ftr-433	617	54	paid	pay	VERB
ftr-433	617	55	in	in	ADP
ftr-433	617	56	tax	tax	NOUN
ftr-433	617	57	,	,	PUNCT
ftr-433	617	58	producing	produce	VERB
ftr-433	617	59	an	an	DET
ftr-433	617	60	npv	npv	NOUN
ftr-433	617	61	etr	etr	NOUN
ftr-433	617	62	of	of	ADP
ftr-433	617	63	100	100	NUM
ftr-433	617	64	%	%	NOUN
ftr-433	617	65	.	.	PUNCT
ftr-433	618	1	2as	2as	PROPN
ftr-433	618	2	cost	cost	NOUN
ftr-433	618	3	recovery	recovery	NOUN
ftr-433	618	4	methods	method	NOUN
ftr-433	618	5	accelerate	accelerate	VERB
ftr-433	618	6	,	,	PUNCT
ftr-433	618	7	the	the	DET
ftr-433	618	8	npv	npv	NOUN
ftr-433	618	9	of	of	ADP
ftr-433	618	10	the	the	DET
ftr-433	618	11	atcf	atcf	NOUN
ftr-433	618	12	increases	increase	VERB
ftr-433	618	13	2while	2while	NUM
ftr-433	618	14	the	the	DET
ftr-433	618	15	npv	npv	NOUN
ftr-433	618	16	of	of	ADP
ftr-433	618	17	the	the	DET
ftr-433	618	18	ptcf	ptcf	NOUN
ftr-433	618	19	remains	remain	VERB
ftr-433	618	20	constant	constant	ADJ
ftr-433	618	21	.	.	PUNCT
ftr-433	619	1	as	as	ADP
ftr-433	619	2	a	a	DET
ftr-433	619	3	result	result	NOUN
ftr-433	619	4	,	,	PUNCT
ftr-433	619	5	the	the	DET
ftr-433	619	6	npv	npv	PROPN
ftr-433	619	7	etr	etr	PROPN
ftr-433	619	8	494	494	NUM
ftr-433	619	9	florida	florida	PROPN
ftr-433	619	10	tax	tax	NOUN
ftr-433	619	11	review	review	NOUN
ftr-433	620	1	[	[	X
ftr-433	620	2	vol	vol	NOUN
ftr-433	620	3	.	.	NOUN
ftr-433	620	4	5:7	5:7	NUM
ftr-433	620	5	2	2	NUM
ftr-433	620	6	2	2	NUM
ftr-433	620	7	289	289	NUM
ftr-433	620	8	.	.	PUNCT
ftr-433	621	1	as	as	ADP
ftr-433	621	2	npv	npv	PROPN
ftr-433	621	3	atcf	atcf	NOUN
ftr-433	621	4	increases	increase	NOUN
ftr-433	621	5	,	,	PUNCT
ftr-433	621	6	npv	npv	NOUN
ftr-433	621	7	tax	tax	NOUN
ftr-433	621	8	must	must	AUX
ftr-433	621	9	decrease	decrease	VERB
ftr-433	621	10	,	,	PUNCT
ftr-433	621	11	so	so	CCONJ
ftr-433	621	12	the	the	DET
ftr-433	621	13	fraction	fraction	NOUN
ftr-433	621	14	npv	npv	NOUN
ftr-433	621	15	2tax	2tax	PROPN
ftr-433	621	16	/	/	SYM
ftr-433	621	17	npv	npv	NOUN
ftr-433	621	18	ptcf	ptcf	NOUN
ftr-433	621	19	must	must	AUX
ftr-433	621	20	decrease	decrease	VERB
ftr-433	621	21	as	as	ADV
ftr-433	621	22	well	well	ADV
ftr-433	621	23	.	.	PUNCT
ftr-433	622	1	90	90	NUM
ftr-433	622	2	.	.	PUNCT
ftr-433	623	1	this	this	PRON
ftr-433	623	2	occurs	occur	VERB
ftr-433	623	3	because	because	SCONJ
ftr-433	623	4	the	the	DET
ftr-433	623	5	formula	formula	NOUN
ftr-433	623	6	for	for	ADP
ftr-433	623	7	irr	irr	PROPN
ftr-433	623	8	etr	etr	PROPN
ftr-433	623	9	is	be	AUX
ftr-433	623	10	irr	irr	PROPN
ftr-433	623	11	atcf	atcf	PROPN
ftr-433	623	12	/	/	SYM
ftr-433	623	13	irr	irr	PROPN
ftr-433	623	14	ptcf	ptcf	NOUN
ftr-433	623	15	2	2	NUM
ftr-433	623	16	1(irr	1(irr	NUM
ftr-433	623	17	/irr	/irr	PUNCT
ftr-433	623	18	)	)	PUNCT
ftr-433	623	19	.	.	PUNCT
ftr-433	624	1	91	91	NUM
ftr-433	624	2	.	.	PUNCT
ftr-433	625	1	for	for	ADP
ftr-433	625	2	a	a	DET
ftr-433	625	3	very	very	ADV
ftr-433	625	4	accessible	accessible	ADJ
ftr-433	625	5	explanation	explanation	NOUN
ftr-433	625	6	of	of	ADP
ftr-433	625	7	some	some	PRON
ftr-433	625	8	of	of	ADP
ftr-433	625	9	the	the	DET
ftr-433	625	10	issues	issue	NOUN
ftr-433	625	11	involved	involve	VERB
ftr-433	625	12	in	in	ADP
ftr-433	625	13	the	the	DET
ftr-433	625	14	computation	computation	NOUN
ftr-433	625	15	of	of	ADP
ftr-433	625	16	nominal	nominal	ADJ
ftr-433	625	17	effective	effective	ADJ
ftr-433	625	18	tax	tax	NOUN
ftr-433	625	19	rates	rate	NOUN
ftr-433	625	20	,	,	PUNCT
ftr-433	625	21	see	see	VERB
ftr-433	625	22	seymour	seymour	PROPN
ftr-433	625	23	fiekowsky	fiekowsky	PROPN
ftr-433	625	24	,	,	PUNCT
ftr-433	625	25	pitfalls	pitfall	NOUN
ftr-433	625	26	in	in	ADP
ftr-433	625	27	the	the	DET
ftr-433	625	28	computation	computation	NOUN
ftr-433	625	29	of	of	ADP
ftr-433	625	30	“	"	PUNCT
ftr-433	625	31	effective	effective	ADJ
ftr-433	625	32	tax	tax	NOUN
ftr-433	625	33	rates	rate	NOUN
ftr-433	625	34	”	"	PUNCT
ftr-433	625	35	paid	pay	VERB
ftr-433	625	36	by	by	ADP
ftr-433	625	37	corporations	corporation	NOUN
ftr-433	625	38	,	,	PUNCT
ftr-433	625	39	office	office	NOUN
ftr-433	625	40	of	of	ADP
ftr-433	625	41	tax	tax	NOUN
ftr-433	625	42	analysis	analysis	NOUN
ftr-433	625	43	paper	paper	NOUN
ftr-433	625	44	23	23	NUM
ftr-433	625	45	(	(	PUNCT
ftr-433	625	46	july	july	PROPN
ftr-433	625	47	1977	1977	NUM
ftr-433	625	48	)	)	PUNCT
ftr-433	625	49	,	,	PUNCT
ftr-433	625	50	reprinted	reprint	VERB
ftr-433	625	51	in	in	ADP
ftr-433	625	52	ota	ota	PROPN
ftr-433	625	53	papers	paper	NOUN
ftr-433	625	54	:	:	PUNCT
ftr-433	625	55	compilation	compilation	NOUN
ftr-433	625	56	of	of	ADP
ftr-433	625	57	ota	ota	PROPN
ftr-433	625	58	papers	paper	NOUN
ftr-433	625	59	,	,	PUNCT
ftr-433	625	60	volume	volume	NOUN
ftr-433	625	61	1	1	NUM
ftr-433	625	62	(	(	PUNCT
ftr-433	625	63	1978	1978	NUM
ftr-433	625	64	)	)	PUNCT
ftr-433	625	65	.	.	PUNCT
ftr-433	626	1	92	92	NUM
ftr-433	626	2	.	.	PUNCT
ftr-433	627	1	for	for	ADP
ftr-433	627	2	an	an	DET
ftr-433	627	3	equally	equally	ADV
ftr-433	627	4	lucid	lucid	ADJ
ftr-433	627	5	explanation	explanation	NOUN
ftr-433	627	6	of	of	ADP
ftr-433	627	7	the	the	DET
ftr-433	627	8	process	process	NOUN
ftr-433	627	9	involved	involve	VERB
ftr-433	627	10	in	in	ADP
ftr-433	627	11	computing	compute	VERB
ftr-433	627	12	financial	financial	ADJ
ftr-433	627	13	effective	effective	ADJ
ftr-433	627	14	tax	tax	NOUN
ftr-433	627	15	rates	rate	NOUN
ftr-433	627	16	,	,	PUNCT
ftr-433	627	17	see	see	VERB
ftr-433	627	18	jane	jane	PROPN
ftr-433	627	19	gravelle	gravelle	PROPN
ftr-433	627	20	,	,	PUNCT
ftr-433	627	21	the	the	DET
ftr-433	627	22	economic	economic	ADJ
ftr-433	627	23	effects	effect	NOUN
ftr-433	627	24	of	of	ADP
ftr-433	627	25	taxing	tax	VERB
ftr-433	627	26	capital	capital	NOUN
ftr-433	627	27	income	income	NOUN
ftr-433	627	28	,	,	PUNCT
ftr-433	627	29	appendix	appendix	NOUN
ftr-433	627	30	b	b	NOUN
ftr-433	627	31	,	,	PUNCT
ftr-433	627	32	287	287	NUM
ftr-433	627	33	-	-	SYM
ftr-433	627	34	89	89	NUM
ftr-433	627	35	(	(	PUNCT
ftr-433	627	36	1994	1994	NUM
ftr-433	627	37	)	)	PUNCT
ftr-433	627	38	.	.	PUNCT
ftr-433	628	1	93	93	NUM
ftr-433	628	2	.	.	PUNCT
ftr-433	629	1	see	see	VERB
ftr-433	629	2	brealey	brealey	PROPN
ftr-433	629	3	&	&	CCONJ
ftr-433	629	4	myers	myers	PROPN
ftr-433	629	5	,	,	PUNCT
ftr-433	629	6	supra	supra	PROPN
ftr-433	629	7	note	note	PROPN
ftr-433	629	8	33	33	NUM
ftr-433	629	9	,	,	PUNCT
ftr-433	629	10	at	at	ADP
ftr-433	629	11	101	101	NUM
ftr-433	629	12	-	-	SYM
ftr-433	629	13	08	08	NUM
ftr-433	629	14	.	.	PUNCT
ftr-433	630	1	94	94	NUM
ftr-433	630	2	.	.	PUNCT
ftr-433	631	1	see	see	VERB
ftr-433	631	2	johnson	johnson	PROPN
ftr-433	631	3	,	,	PUNCT
ftr-433	631	4	soft	soft	ADJ
ftr-433	631	5	money	money	NOUN
ftr-433	631	6	,	,	PUNCT
ftr-433	631	7	supra	supra	PROPN
ftr-433	631	8	note	note	NOUN
ftr-433	631	9	22	22	NUM
ftr-433	631	10	,	,	PUNCT
ftr-433	631	11	at	at	ADP
ftr-433	631	12	1041	1041	NUM
ftr-433	631	13	,	,	PUNCT
ftr-433	631	14	n.85	n.85	X
ftr-433	631	15	(	(	PUNCT
ftr-433	631	16	pointing	point	VERB
ftr-433	631	17	out	out	ADP
ftr-433	631	18	the	the	DET
ftr-433	631	19	serious	serious	ADJ
ftr-433	631	20	limitations	limitation	NOUN
ftr-433	631	21	of	of	ADP
ftr-433	631	22	irr	irr	NOUN
ftr-433	631	23	analysis	analysis	NOUN
ftr-433	631	24	on	on	ADP
ftr-433	631	25	investment	investment	NOUN
ftr-433	631	26	return	return	NOUN
ftr-433	631	27	comparisons	comparison	NOUN
ftr-433	631	28	)	)	PUNCT
ftr-433	631	29	;	;	PUNCT
ftr-433	631	30	michael	michael	PROPN
ftr-433	631	31	s.	s.	PROPN
ftr-433	631	32	knoll	knoll	PROPN
ftr-433	631	33	,	,	PUNCT
ftr-433	631	34	the	the	DET
ftr-433	631	35	ucla	ucla	NOUN
ftr-433	631	36	tax	tax	NOUN
ftr-433	631	37	policy	policy	NOUN
ftr-433	631	38	conference	conference	NOUN
ftr-433	631	39	:	:	PUNCT
ftr-433	631	40	designing	design	VERB
ftr-433	631	41	a	a	DET
ftr-433	631	42	hybrid	hybrid	ADJ
ftr-433	631	43	income	income	NOUN
ftr-433	631	44	–	–	PUNCT
ftr-433	631	45	consumption	consumption	NOUN
ftr-433	631	46	tax	tax	NOUN
ftr-433	631	47	,	,	PUNCT
ftr-433	631	48	41	41	NUM
ftr-433	631	49	ucla	ucla	PROPN
ftr-433	631	50	l.	l.	PROPN
ftr-433	631	51	rev	rev	PROPN
ftr-433	631	52	.	.	PROPN
ftr-433	631	53	1791	1791	NUM
ftr-433	631	54	,	,	PUNCT
ftr-433	631	55	1799	1799	NUM
ftr-433	631	56	,	,	PUNCT
ftr-433	631	57	n.29	n.29	NOUN
ftr-433	631	58	(	(	PUNCT
ftr-433	631	59	1994	1994	NUM
ftr-433	631	60	)	)	PUNCT
ftr-433	631	61	(	(	PUNCT
ftr-433	631	62	pointing	point	VERB
ftr-433	631	63	out	out	ADP
ftr-433	631	64	four	four	NUM
ftr-433	631	65	reasons	reason	NOUN
ftr-433	631	66	why	why	SCONJ
ftr-433	631	67	net	net	ADJ
ftr-433	631	68	present	present	ADJ
ftr-433	631	69	value	value	NOUN
ftr-433	631	70	should	should	AUX
ftr-433	631	71	be	be	AUX
ftr-433	631	72	used	use	VERB
ftr-433	631	73	instead	instead	ADV
ftr-433	631	74	of	of	ADP
ftr-433	631	75	irr	irr	NOUN
ftr-433	631	76	in	in	ADP
ftr-433	631	77	comparing	compare	VERB
ftr-433	631	78	capital	capital	NOUN
ftr-433	631	79	income	income	NOUN
ftr-433	631	80	taxation	taxation	NOUN
ftr-433	631	81	regimes	regime	NOUN
ftr-433	631	82	)	)	PUNCT
ftr-433	631	83	.	.	PUNCT
ftr-433	632	1	overall	overall	ADV
ftr-433	632	2	,	,	PUNCT
ftr-433	632	3	this	this	DET
ftr-433	632	4	article	article	NOUN
ftr-433	632	5	performs	perform	VERB
ftr-433	632	6	an	an	DET
ftr-433	632	7	extensive	extensive	ADJ
ftr-433	632	8	npv	npv	NOUN
ftr-433	632	9	analysis	analysis	NOUN
ftr-433	632	10	comparing	compare	VERB
ftr-433	632	11	income	income	NOUN
ftr-433	632	12	and	and	CCONJ
ftr-433	632	13	consumption	consumption	NOUN
ftr-433	632	14	tax	tax	NOUN
ftr-433	632	15	treatment	treatment	NOUN
ftr-433	632	16	of	of	ADP
ftr-433	632	17	capital	capital	NOUN
ftr-433	632	18	income	income	NOUN
ftr-433	632	19	.	.	PUNCT
ftr-433	633	1	2decreases	2decreases	X
ftr-433	633	2	.	.	PUNCT
ftr-433	634	1	under	under	ADP
ftr-433	634	2	expensing	expense	VERB
ftr-433	634	3	,	,	PUNCT
ftr-433	634	4	the	the	DET
ftr-433	634	5	npv	npv	NOUN
ftr-433	634	6	of	of	ADP
ftr-433	634	7	the	the	DET
ftr-433	634	8	atcf	atcf	NOUN
ftr-433	634	9	is	be	AUX
ftr-433	634	10	maximized	maximize	VERB
ftr-433	634	11	at	at	ADP
ftr-433	634	12	$	$	SYM
ftr-433	634	13	5.93;89	5.93;89	NUM
ftr-433	634	14	and	and	CCONJ
ftr-433	634	15	this	this	PRON
ftr-433	634	16	produces	produce	VERB
ftr-433	634	17	an	an	DET
ftr-433	634	18	npv	npv	NOUN
ftr-433	634	19	etr	etr	NOUN
ftr-433	634	20	of	of	ADP
ftr-433	634	21	50	50	NUM
ftr-433	634	22	%	%	NOUN
ftr-433	634	23	.	.	PUNCT
ftr-433	635	1	similarly	similarly	ADV
ftr-433	635	2	,	,	PUNCT
ftr-433	635	3	as	as	SCONJ
ftr-433	635	4	cost	cost	NOUN
ftr-433	635	5	recovery	recovery	NOUN
ftr-433	635	6	methods	method	NOUN
ftr-433	635	7	accelerate	accelerate	VERB
ftr-433	635	8	,	,	PUNCT
ftr-433	635	9	the	the	DET
ftr-433	635	10	irr	irr	NOUN
ftr-433	635	11	of	of	ADP
ftr-433	635	12	the	the	DET
ftr-433	635	13	atcf	atcf	NOUN
ftr-433	635	14	increases	increase	NOUN
ftr-433	635	15	relative	relative	ADJ
ftr-433	635	16	to	to	ADP
ftr-433	635	17	the	the	DET
ftr-433	635	18	irr	irr	NOUN
ftr-433	635	19	of	of	ADP
ftr-433	635	20	the	the	DET
ftr-433	635	21	ptcf	ptcf	NOUN
ftr-433	635	22	,	,	PUNCT
ftr-433	635	23	and	and	CCONJ
ftr-433	635	24	therefore	therefore	ADV
ftr-433	635	25	,	,	PUNCT
ftr-433	635	26	the	the	DET
ftr-433	635	27	irr	irr	NOUN
ftr-433	635	28	effective	effective	ADJ
ftr-433	635	29	tax	tax	NOUN
ftr-433	635	30	rate	rate	NOUN
ftr-433	635	31	decreases	decrease	VERB
ftr-433	635	32	.	.	PUNCT
ftr-433	636	1	as	as	ADP
ftr-433	636	2	a	a	DET
ftr-433	636	3	result	result	NOUN
ftr-433	636	4	,	,	PUNCT
ftr-433	636	5	under	under	ADP
ftr-433	636	6	expensing,90	expensing,90	NOUN
ftr-433	636	7	the	the	DET
ftr-433	636	8	irr	irr	NOUN
ftr-433	636	9	of	of	ADP
ftr-433	636	10	the	the	DET
ftr-433	636	11	atcf	atcf	NOUN
ftr-433	636	12	matches	match	VERB
ftr-433	636	13	the	the	DET
ftr-433	636	14	irr	irr	NOUN
ftr-433	636	15	of	of	ADP
ftr-433	636	16	the	the	DET
ftr-433	636	17	ptcf	ptcf	NOUN
ftr-433	636	18	at	at	ADP
ftr-433	636	19	10	10	NUM
ftr-433	636	20	%	%	NOUN
ftr-433	636	21	;	;	PUNCT
ftr-433	636	22	therefore	therefore	ADV
ftr-433	636	23	,	,	PUNCT
ftr-433	636	24	the	the	DET
ftr-433	636	25	effective	effective	ADJ
ftr-433	636	26	rate	rate	NOUN
ftr-433	636	27	of	of	ADP
ftr-433	636	28	tax	tax	NOUN
ftr-433	636	29	using	use	VERB
ftr-433	636	30	irr	irr	NOUN
ftr-433	636	31	becomes	become	VERB
ftr-433	636	32	0	0	NUM
ftr-433	636	33	%	%	NOUN
ftr-433	636	34	because	because	SCONJ
ftr-433	636	35	the	the	DET
ftr-433	636	36	pre	pre	ADJ
ftr-433	636	37	-	-	ADJ
ftr-433	636	38	tax	tax	ADJ
ftr-433	636	39	financial	financial	ADJ
ftr-433	636	40	rate	rate	NOUN
ftr-433	636	41	of	of	ADP
ftr-433	636	42	return	return	NOUN
ftr-433	636	43	is	be	AUX
ftr-433	636	44	not	not	PART
ftr-433	636	45	decreased	decrease	VERB
ftr-433	636	46	at	at	ADV
ftr-433	636	47	all	all	ADV
ftr-433	636	48	by	by	ADP
ftr-433	636	49	taxation	taxation	NOUN
ftr-433	636	50	.	.	PUNCT
ftr-433	637	1	the	the	DET
ftr-433	637	2	tax	tax	NOUN
ftr-433	637	3	literature	literature	NOUN
ftr-433	637	4	historically	historically	ADV
ftr-433	637	5	uses	use	VERB
ftr-433	637	6	actual	actual	ADJ
ftr-433	637	7	nominal	nominal	ADJ
ftr-433	637	8	tax	tax	NOUN
ftr-433	637	9	liabilities	liability	NOUN
ftr-433	637	10	in	in	ADP
ftr-433	637	11	computing	compute	VERB
ftr-433	637	12	effective	effective	ADJ
ftr-433	637	13	,	,	PUNCT
ftr-433	637	14	as	as	SCONJ
ftr-433	637	15	opposed	oppose	VERB
ftr-433	637	16	to	to	ADP
ftr-433	637	17	statutory	statutory	ADJ
ftr-433	637	18	,	,	PUNCT
ftr-433	637	19	tax	tax	NOUN
ftr-433	637	20	rates	rate	NOUN
ftr-433	637	21	.	.	PUNCT
ftr-433	638	1	the	the	DET
ftr-433	638	2	same	same	ADJ
ftr-433	638	3	literature91	literature91	NOUN
ftr-433	638	4	tends	tend	VERB
ftr-433	638	5	to	to	PART
ftr-433	638	6	use	use	VERB
ftr-433	638	7	internal	internal	ADJ
ftr-433	638	8	rate	rate	NOUN
ftr-433	638	9	of	of	ADP
ftr-433	638	10	return	return	NOUN
ftr-433	638	11	when	when	SCONJ
ftr-433	638	12	using	use	VERB
ftr-433	638	13	effective	effective	ADJ
ftr-433	638	14	tax	tax	NOUN
ftr-433	638	15	rate	rate	NOUN
ftr-433	638	16	as	as	ADP
ftr-433	638	17	a	a	DET
ftr-433	638	18	financial	financial	ADJ
ftr-433	638	19	analytical	analytical	ADJ
ftr-433	638	20	tool	tool	NOUN
ftr-433	638	21	.	.	PUNCT
ftr-433	639	1	however	however	ADV
ftr-433	639	2	,	,	PUNCT
ftr-433	639	3	the	the	DET
ftr-433	639	4	finance	finance	NOUN
ftr-433	639	5	literature	literature	NOUN
ftr-433	639	6	largely	largely	ADV
ftr-433	639	7	views	view	VERB
ftr-433	639	8	net	net	ADJ
ftr-433	639	9	present92	present92	NOUN
ftr-433	639	10	value	value	NOUN
ftr-433	639	11	as	as	ADP
ftr-433	639	12	a	a	DET
ftr-433	639	13	more	more	ADV
ftr-433	639	14	accurate	accurate	ADJ
ftr-433	639	15	comparative	comparative	ADJ
ftr-433	639	16	financial	financial	ADJ
ftr-433	639	17	indicator	indicator	NOUN
ftr-433	639	18	than	than	ADP
ftr-433	639	19	internal	internal	ADJ
ftr-433	639	20	rate	rate	NOUN
ftr-433	639	21	of	of	ADP
ftr-433	639	22	return	return	NOUN
ftr-433	639	23	for	for	ADP
ftr-433	639	24	purposes	purpose	NOUN
ftr-433	639	25	of	of	ADP
ftr-433	639	26	evaluating	evaluate	VERB
ftr-433	639	27	competing	compete	VERB
ftr-433	639	28	comparable	comparable	ADJ
ftr-433	639	29	investment	investment	NOUN
ftr-433	639	30	opportunities	opportunity	NOUN
ftr-433	639	31	,	,	PUNCT
ftr-433	639	32	and	and	CCONJ
ftr-433	639	33	some	some	DET
ftr-433	639	34	tax	tax	NOUN
ftr-433	639	35	literature	literature	NOUN
ftr-433	639	36	has	have	AUX
ftr-433	639	37	begun	begin	VERB
ftr-433	639	38	to	to	PART
ftr-433	639	39	follow	follow	VERB
ftr-433	639	40	suit	suit	NOUN
ftr-433	639	41	.	.	PUNCT
ftr-433	640	1	these	these	DET
ftr-433	640	2	two93	two93	ADJ
ftr-433	640	3	94	94	NUM
ftr-433	640	4	financial	financial	ADJ
ftr-433	640	5	indicators	indicator	NOUN
ftr-433	640	6	serve	serve	VERB
ftr-433	640	7	different	different	ADJ
ftr-433	640	8	purposes	purpose	NOUN
ftr-433	640	9	in	in	ADP
ftr-433	640	10	measuring	measure	VERB
ftr-433	640	11	and	and	CCONJ
ftr-433	640	12	conveying	convey	VERB
ftr-433	640	13	various	various	ADJ
ftr-433	640	14	types	type	NOUN
ftr-433	640	15	of	of	ADP
ftr-433	640	16	financial	financial	ADJ
ftr-433	640	17	information	information	NOUN
ftr-433	640	18	.	.	PUNCT
ftr-433	641	1	this	this	DET
ftr-433	641	2	article	article	NOUN
ftr-433	641	3	uses	use	VERB
ftr-433	641	4	both	both	DET
ftr-433	641	5	indicators	indicator	NOUN
ftr-433	641	6	in	in	ADP
ftr-433	641	7	its	its	PRON
ftr-433	641	8	comparative	comparative	ADJ
ftr-433	641	9	analysis	analysis	NOUN
ftr-433	641	10	of	of	ADP
ftr-433	641	11	the	the	DET
ftr-433	641	12	three	three	NUM
ftr-433	641	13	tax	tax	NOUN
ftr-433	641	14	bases	basis	NOUN
ftr-433	641	15	–	–	PUNCT
ftr-433	641	16	amit	amit	NOUN
ftr-433	641	17	,	,	PUNCT
ftr-433	641	18	cfit	cfit	NOUN
ftr-433	641	19	and	and	CCONJ
ftr-433	641	20	rbit	rbit	NOUN
ftr-433	641	21	–	–	PUNCT
ftr-433	641	22	as	as	ADV
ftr-433	641	23	well	well	ADV
ftr-433	641	24	as	as	ADP
ftr-433	641	25	in	in	ADP
ftr-433	641	26	its	its	PRON
ftr-433	641	27	comparative	comparative	ADJ
ftr-433	641	28	analysis	analysis	NOUN
ftr-433	641	29	of	of	ADP
ftr-433	641	30	rbit	rbit	NOUN
ftr-433	641	31	base	base	NOUN
ftr-433	641	32	cost	cost	NOUN
ftr-433	641	33	recovery	recovery	NOUN
ftr-433	641	34	methods	method	NOUN
ftr-433	641	35	.	.	PUNCT
ftr-433	642	1	additional	additional	ADJ
ftr-433	642	2	financial	financial	ADJ
ftr-433	642	3	indicators	indicator	NOUN
ftr-433	642	4	will	will	AUX
ftr-433	642	5	also	also	ADV
ftr-433	642	6	be	be	AUX
ftr-433	642	7	used	use	VERB
ftr-433	642	8	as	as	SCONJ
ftr-433	642	9	the	the	DET
ftr-433	642	10	need	need	NOUN
ftr-433	642	11	arises	arise	VERB
ftr-433	642	12	during	during	ADP
ftr-433	642	13	the	the	DET
ftr-433	642	14	course	course	NOUN
ftr-433	642	15	of	of	ADP
ftr-433	642	16	those	those	DET
ftr-433	642	17	comparative	comparative	ADJ
ftr-433	642	18	analyses	analysis	NOUN
ftr-433	642	19	.	.	PUNCT
ftr-433	643	1	overall	overall	ADV
ftr-433	643	2	,	,	PUNCT
ftr-433	643	3	the	the	DET
ftr-433	643	4	conclusions	conclusion	NOUN
ftr-433	643	5	in	in	ADP
ftr-433	643	6	this	this	DET
ftr-433	643	7	article	article	NOUN
ftr-433	643	8	are	be	AUX
ftr-433	643	9	based	base	VERB
ftr-433	643	10	on	on	ADP
ftr-433	643	11	the	the	DET
ftr-433	643	12	financial	financial	ADJ
ftr-433	643	13	evaluative	evaluative	ADJ
ftr-433	643	14	factors	factor	NOUN
ftr-433	643	15	that	that	PRON
ftr-433	643	16	seem	seem	VERB
ftr-433	643	17	to	to	PART
ftr-433	643	18	be	be	AUX
ftr-433	643	19	most	most	ADV
ftr-433	643	20	appropriate	appropriate	ADJ
ftr-433	643	21	and	and	CCONJ
ftr-433	643	22	accurate	accurate	ADJ
ftr-433	643	23	for	for	ADP
ftr-433	643	24	each	each	DET
ftr-433	643	25	analytical	analytical	ADJ
ftr-433	643	26	context	context	NOUN
ftr-433	643	27	.	.	PUNCT
ftr-433	644	1	2002	2002	NUM
ftr-433	644	2	]	]	PUNCT
ftr-433	644	3	normative	normative	ADJ
ftr-433	644	4	capital	capital	NOUN
ftr-433	644	5	cost	cost	NOUN
ftr-433	644	6	recovery	recovery	NOUN
ftr-433	644	7	495	495	NUM
ftr-433	644	8	95	95	NUM
ftr-433	644	9	.	.	PUNCT
ftr-433	645	1	see	see	VERB
ftr-433	645	2	simons	simon	NOUN
ftr-433	645	3	,	,	PUNCT
ftr-433	645	4	supra	supra	PROPN
ftr-433	645	5	note	note	PROPN
ftr-433	645	6	1	1	NUM
ftr-433	645	7	,	,	PUNCT
ftr-433	645	8	at	at	ADP
ftr-433	645	9	50	50	NUM
ftr-433	645	10	.	.	PUNCT
ftr-433	646	1	96	96	NUM
ftr-433	646	2	.	.	PUNCT
ftr-433	647	1	bargain	bargain	NOUN
ftr-433	647	2	purchases	purchase	NOUN
ftr-433	647	3	could	could	AUX
ftr-433	647	4	produce	produce	VERB
ftr-433	647	5	an	an	DET
ftr-433	647	6	increase	increase	NOUN
ftr-433	647	7	in	in	ADP
ftr-433	647	8	economic	economic	ADJ
ftr-433	647	9	wealth	wealth	NOUN
ftr-433	647	10	,	,	PUNCT
ftr-433	647	11	and	and	CCONJ
ftr-433	647	12	the	the	DET
ftr-433	647	13	use	use	NOUN
ftr-433	647	14	of	of	ADP
ftr-433	647	15	below	below	ADP
ftr-433	647	16	-	-	PUNCT
ftr-433	647	17	market	market	NOUN
ftr-433	647	18	financing	financing	NOUN
ftr-433	647	19	could	could	AUX
ftr-433	647	20	produce	produce	VERB
ftr-433	647	21	an	an	DET
ftr-433	647	22	increase	increase	NOUN
ftr-433	647	23	in	in	ADP
ftr-433	647	24	financial	financial	ADJ
ftr-433	647	25	wealth	wealth	NOUN
ftr-433	647	26	.	.	PUNCT
ftr-433	648	1	the	the	DET
ftr-433	648	2	breakeven	breakeven	ADJ
ftr-433	648	3	investments	investment	NOUN
ftr-433	648	4	used	use	VERB
ftr-433	648	5	in	in	ADP
ftr-433	648	6	this	this	DET
ftr-433	648	7	article	article	NOUN
ftr-433	648	8	,	,	PUNCT
ftr-433	648	9	however	however	ADV
ftr-433	648	10	,	,	PUNCT
ftr-433	648	11	produce	produce	VERB
ftr-433	648	12	no	no	DET
ftr-433	648	13	change	change	NOUN
ftr-433	648	14	in	in	ADP
ftr-433	648	15	economic	economic	ADJ
ftr-433	648	16	or	or	CCONJ
ftr-433	648	17	financial	financial	ADJ
ftr-433	648	18	wealth	wealth	NOUN
ftr-433	648	19	.	.	PUNCT
ftr-433	649	1	iii	iii	X
ftr-433	649	2	.	.	PUNCT
ftr-433	649	3	comparative	comparative	ADJ
ftr-433	649	4	capital	capital	NOUN
ftr-433	649	5	income	income	NOUN
ftr-433	649	6	taxation	taxation	NOUN
ftr-433	649	7	principles	principle	NOUN
ftr-433	649	8	with	with	ADP
ftr-433	649	9	respect	respect	NOUN
ftr-433	649	10	to	to	ADP
ftr-433	649	11	the	the	DET
ftr-433	649	12	taxation	taxation	NOUN
ftr-433	649	13	of	of	ADP
ftr-433	649	14	capital	capital	NOUN
ftr-433	649	15	income	income	NOUN
ftr-433	649	16	,	,	PUNCT
ftr-433	649	17	amit	amit	PROPN
ftr-433	649	18	,	,	PUNCT
ftr-433	649	19	cfit	cfit	NOUN
ftr-433	649	20	and	and	CCONJ
ftr-433	649	21	rbit	rbit	VERB
ftr-433	649	22	structural	structural	ADJ
ftr-433	649	23	and	and	CCONJ
ftr-433	649	24	accounting	accounting	NOUN
ftr-433	649	25	principles	principle	NOUN
ftr-433	649	26	address	address	VERB
ftr-433	649	27	three	three	NUM
ftr-433	649	28	common	common	ADJ
ftr-433	649	29	issues	issue	NOUN
ftr-433	649	30	:	:	PUNCT
ftr-433	649	31	first	first	ADV
ftr-433	649	32	,	,	PUNCT
ftr-433	649	33	whether	whether	SCONJ
ftr-433	649	34	and	and	CCONJ
ftr-433	649	35	how	how	SCONJ
ftr-433	649	36	to	to	PART
ftr-433	649	37	tax	tax	VERB
ftr-433	649	38	the	the	DET
ftr-433	649	39	source	source	NOUN
ftr-433	649	40	of	of	ADP
ftr-433	649	41	investment	investment	NOUN
ftr-433	649	42	;	;	PUNCT
ftr-433	649	43	second	second	ADJ
ftr-433	649	44	,	,	PUNCT
ftr-433	649	45	whether	whether	SCONJ
ftr-433	649	46	and	and	CCONJ
ftr-433	649	47	how	how	SCONJ
ftr-433	649	48	to	to	PART
ftr-433	649	49	tax	tax	VERB
ftr-433	649	50	the	the	DET
ftr-433	649	51	economic	economic	ADJ
ftr-433	649	52	yield	yield	NOUN
ftr-433	649	53	from	from	ADP
ftr-433	649	54	investment	investment	NOUN
ftr-433	649	55	;	;	PUNCT
ftr-433	649	56	and	and	CCONJ
ftr-433	649	57	third	third	ADV
ftr-433	649	58	,	,	PUNCT
ftr-433	649	59	whether	whether	SCONJ
ftr-433	649	60	and	and	CCONJ
ftr-433	649	61	how	how	SCONJ
ftr-433	649	62	to	to	PART
ftr-433	649	63	allow	allow	VERB
ftr-433	649	64	tax	tax	NOUN
ftr-433	649	65	-	-	PUNCT
ftr-433	649	66	free	free	ADJ
ftr-433	649	67	recovery	recovery	NOUN
ftr-433	649	68	of	of	ADP
ftr-433	649	69	investment	investment	NOUN
ftr-433	649	70	.	.	PUNCT
ftr-433	650	1	within	within	ADP
ftr-433	650	2	a	a	DET
ftr-433	650	3	given	give	VERB
ftr-433	650	4	tax	tax	NOUN
ftr-433	650	5	base	base	NOUN
ftr-433	650	6	the	the	DET
ftr-433	650	7	answers	answer	NOUN
ftr-433	650	8	to	to	ADP
ftr-433	650	9	these	these	DET
ftr-433	650	10	questions	question	NOUN
ftr-433	650	11	should	should	AUX
ftr-433	650	12	be	be	AUX
ftr-433	650	13	consistent	consistent	ADJ
ftr-433	650	14	with	with	ADP
ftr-433	650	15	each	each	DET
ftr-433	650	16	other	other	ADJ
ftr-433	650	17	and	and	CCONJ
ftr-433	650	18	with	with	ADP
ftr-433	650	19	the	the	DET
ftr-433	650	20	fundamental	fundamental	ADJ
ftr-433	650	21	structural	structural	ADJ
ftr-433	650	22	and	and	CCONJ
ftr-433	650	23	accounting	accounting	NOUN
ftr-433	650	24	principles	principle	NOUN
ftr-433	650	25	of	of	ADP
ftr-433	650	26	that	that	DET
ftr-433	650	27	particular	particular	ADJ
ftr-433	650	28	tax	tax	NOUN
ftr-433	650	29	base	base	NOUN
ftr-433	650	30	.	.	PUNCT
ftr-433	651	1	a.	a.	NOUN
ftr-433	651	2	accretion	accretion	NOUN
ftr-433	651	3	-	-	PUNCT
ftr-433	651	4	measured	measure	VERB
ftr-433	651	5	income	income	NOUN
ftr-433	651	6	tax	tax	NOUN
ftr-433	651	7	(	(	PUNCT
ftr-433	651	8	amit	amit	PROPN
ftr-433	651	9	)	)	PUNCT
ftr-433	651	10	the	the	DET
ftr-433	651	11	structure	structure	NOUN
ftr-433	651	12	of	of	ADP
ftr-433	651	13	an	an	DET
ftr-433	651	14	amit	amit	NOUN
ftr-433	651	15	base	base	NOUN
ftr-433	651	16	is	be	AUX
ftr-433	651	17	defined	define	VERB
ftr-433	651	18	by	by	ADP
ftr-433	651	19	the	the	DET
ftr-433	651	20	equation	equation	NOUN
ftr-433	652	1	i	i	PRON
ftr-433	652	2	=	=	PUNCT
ftr-433	652	3	c	c	PROPN
ftr-433	652	4	+	+	CCONJ
ftr-433	652	5	dw	dw	PROPN
ftr-433	652	6	,	,	PUNCT
ftr-433	652	7	where	where	SCONJ
ftr-433	652	8	i	i	PRON
ftr-433	652	9	equals	equal	VERB
ftr-433	652	10	income	income	NOUN
ftr-433	652	11	,	,	PUNCT
ftr-433	652	12	c	c	PROPN
ftr-433	652	13	equals	equal	VERB
ftr-433	652	14	consumption	consumption	NOUN
ftr-433	652	15	,	,	PUNCT
ftr-433	652	16	and	and	CCONJ
ftr-433	652	17	dw	dw	NOUN
ftr-433	652	18	equals	equal	VERB
ftr-433	652	19	change	change	NOUN
ftr-433	652	20	in	in	ADP
ftr-433	652	21	wealth	wealth	NOUN
ftr-433	652	22	.	.	PUNCT
ftr-433	653	1	the	the	DET
ftr-433	653	2	purpose	purpose	NOUN
ftr-433	653	3	of	of	ADP
ftr-433	653	4	the	the	DET
ftr-433	653	5	formula	formula	NOUN
ftr-433	653	6	is	be	AUX
ftr-433	653	7	to	to	PART
ftr-433	653	8	measure	measure	VERB
ftr-433	653	9	the	the	DET
ftr-433	653	10	increased	increase	VERB
ftr-433	653	11	capacity	capacity	NOUN
ftr-433	653	12	for95	for95	VERB
ftr-433	653	13	consumption	consumption	NOUN
ftr-433	653	14	created	create	VERB
ftr-433	653	15	by	by	ADP
ftr-433	653	16	positive	positive	ADJ
ftr-433	653	17	changes	change	NOUN
ftr-433	653	18	in	in	ADP
ftr-433	653	19	net	net	ADJ
ftr-433	653	20	wealth	wealth	NOUN
ftr-433	653	21	,	,	PUNCT
ftr-433	653	22	and	and	CCONJ
ftr-433	653	23	the	the	DET
ftr-433	653	24	decreased	decrease	VERB
ftr-433	653	25	capacity	capacity	NOUN
ftr-433	653	26	for	for	ADP
ftr-433	653	27	consumption	consumption	NOUN
ftr-433	653	28	created	create	VERB
ftr-433	653	29	by	by	ADP
ftr-433	653	30	negative	negative	ADJ
ftr-433	653	31	changes	change	NOUN
ftr-433	653	32	in	in	ADP
ftr-433	653	33	net	net	ADJ
ftr-433	653	34	wealth	wealth	NOUN
ftr-433	653	35	.	.	PUNCT
ftr-433	654	1	theoretically	theoretically	ADV
ftr-433	654	2	,	,	PUNCT
ftr-433	654	3	the	the	DET
ftr-433	654	4	consumption	consumption	NOUN
ftr-433	654	5	of	of	ADP
ftr-433	654	6	wealth	wealth	NOUN
ftr-433	654	7	per	per	ADP
ftr-433	654	8	se	se	X
ftr-433	654	9	is	be	AUX
ftr-433	654	10	also	also	ADV
ftr-433	654	11	includible	includible	ADJ
ftr-433	654	12	in	in	ADP
ftr-433	654	13	the	the	DET
ftr-433	654	14	tax	tax	NOUN
ftr-433	654	15	base	base	NOUN
ftr-433	654	16	,	,	PUNCT
ftr-433	654	17	but	but	CCONJ
ftr-433	654	18	as	as	ADP
ftr-433	654	19	a	a	DET
ftr-433	654	20	practical	practical	ADJ
ftr-433	654	21	matter	matter	NOUN
ftr-433	654	22	this	this	DET
ftr-433	654	23	inclusion	inclusion	NOUN
ftr-433	654	24	produces	produce	VERB
ftr-433	654	25	no	no	DET
ftr-433	654	26	net	net	ADJ
ftr-433	654	27	change	change	NOUN
ftr-433	654	28	in	in	ADP
ftr-433	654	29	the	the	DET
ftr-433	654	30	tax	tax	NOUN
ftr-433	654	31	base	base	NOUN
ftr-433	654	32	because	because	SCONJ
ftr-433	654	33	any	any	DET
ftr-433	654	34	current	current	ADJ
ftr-433	654	35	increase	increase	NOUN
ftr-433	654	36	in	in	ADP
ftr-433	654	37	consumption	consumption	NOUN
ftr-433	654	38	causes	cause	VERB
ftr-433	654	39	an	an	DET
ftr-433	654	40	equal	equal	ADJ
ftr-433	654	41	and	and	CCONJ
ftr-433	654	42	offsetting	offsetting	ADJ
ftr-433	654	43	decrease	decrease	NOUN
ftr-433	654	44	in	in	ADP
ftr-433	654	45	wealth	wealth	NOUN
ftr-433	654	46	.	.	PUNCT
ftr-433	655	1	ultimately	ultimately	ADV
ftr-433	655	2	,	,	PUNCT
ftr-433	655	3	the	the	DET
ftr-433	655	4	amit	amit	PROPN
ftr-433	655	5	base	base	NOUN
ftr-433	655	6	consists	consist	VERB
ftr-433	655	7	of	of	ADP
ftr-433	655	8	net	net	ADJ
ftr-433	655	9	accretions	accretion	NOUN
ftr-433	655	10	or	or	CCONJ
ftr-433	655	11	decreases	decrease	NOUN
ftr-433	655	12	in	in	ADP
ftr-433	655	13	wealth	wealth	NOUN
ftr-433	655	14	.	.	PUNCT
ftr-433	656	1	“	"	PUNCT
ftr-433	656	2	income	income	NOUN
ftr-433	656	3	”	"	PUNCT
ftr-433	656	4	is	be	AUX
ftr-433	656	5	simply	simply	ADV
ftr-433	656	6	the	the	DET
ftr-433	656	7	source	source	NOUN
ftr-433	656	8	(	(	PUNCT
ftr-433	656	9	and	and	CCONJ
ftr-433	656	10	therefore	therefore	ADV
ftr-433	656	11	the	the	DET
ftr-433	656	12	sum	sum	NOUN
ftr-433	656	13	)	)	PUNCT
ftr-433	656	14	of	of	ADP
ftr-433	656	15	both	both	CCONJ
ftr-433	656	16	consumption	consumption	NOUN
ftr-433	656	17	and	and	CCONJ
ftr-433	656	18	accretions	accretion	NOUN
ftr-433	656	19	to	to	ADP
ftr-433	656	20	wealth	wealth	NOUN
ftr-433	656	21	.	.	PUNCT
ftr-433	657	1	an	an	DET
ftr-433	657	2	amit	amit	NOUN
ftr-433	657	3	base	base	NOUN
ftr-433	657	4	taxes	tax	VERB
ftr-433	657	5	the	the	DET
ftr-433	657	6	source	source	NOUN
ftr-433	657	7	of	of	ADP
ftr-433	657	8	investment	investment	NOUN
ftr-433	657	9	as	as	ADV
ftr-433	657	10	well	well	ADV
ftr-433	657	11	as	as	ADP
ftr-433	657	12	the	the	DET
ftr-433	657	13	economic	economic	ADJ
ftr-433	657	14	yield	yield	NOUN
ftr-433	657	15	produced	produce	VERB
ftr-433	657	16	by	by	ADP
ftr-433	657	17	investment	investment	NOUN
ftr-433	657	18	because	because	SCONJ
ftr-433	657	19	both	both	PRON
ftr-433	657	20	create	create	VERB
ftr-433	657	21	increases	increase	NOUN
ftr-433	657	22	in	in	ADP
ftr-433	657	23	wealth	wealth	NOUN
ftr-433	657	24	.	.	PUNCT
ftr-433	658	1	however	however	ADV
ftr-433	658	2	,	,	PUNCT
ftr-433	658	3	an	an	DET
ftr-433	658	4	amit	amit	NOUN
ftr-433	658	5	base	base	NOUN
ftr-433	658	6	does	do	AUX
ftr-433	658	7	not	not	PART
ftr-433	658	8	allow	allow	VERB
ftr-433	658	9	tax	tax	NOUN
ftr-433	658	10	-	-	PUNCT
ftr-433	658	11	free	free	ADJ
ftr-433	658	12	recovery	recovery	NOUN
ftr-433	658	13	of	of	ADP
ftr-433	658	14	investment	investment	NOUN
ftr-433	658	15	.	.	PUNCT
ftr-433	659	1	thus	thus	ADV
ftr-433	659	2	,	,	PUNCT
ftr-433	659	3	in	in	ADP
ftr-433	659	4	an	an	DET
ftr-433	659	5	amit	amit	NOUN
ftr-433	659	6	base	base	NOUN
ftr-433	659	7	neither	neither	CCONJ
ftr-433	659	8	the	the	DET
ftr-433	659	9	acquisition	acquisition	NOUN
ftr-433	659	10	nor	nor	CCONJ
ftr-433	659	11	disposition	disposition	NOUN
ftr-433	659	12	of	of	ADP
ftr-433	659	13	an	an	DET
ftr-433	659	14	asset	asset	NOUN
ftr-433	659	15	is	be	AUX
ftr-433	659	16	given	give	VERB
ftr-433	659	17	structural	structural	ADJ
ftr-433	659	18	or	or	CCONJ
ftr-433	659	19	accounting	accounting	NOUN
ftr-433	659	20	significance	significance	NOUN
ftr-433	659	21	as	as	ADP
ftr-433	659	22	such	such	ADJ
ftr-433	659	23	unless	unless	SCONJ
ftr-433	659	24	the	the	DET
ftr-433	659	25	taxpayer	taxpayer	NOUN
ftr-433	659	26	’s	’s	PART
ftr-433	659	27	total	total	ADJ
ftr-433	659	28	store	store	NOUN
ftr-433	659	29	of	of	ADP
ftr-433	659	30	wealth	wealth	NOUN
ftr-433	659	31	is	be	AUX
ftr-433	659	32	changed	change	VERB
ftr-433	659	33	as	as	ADP
ftr-433	659	34	a	a	DET
ftr-433	659	35	result	result	NOUN
ftr-433	659	36	.	.	PUNCT
ftr-433	660	1	for	for	ADP
ftr-433	660	2	example	example	NOUN
ftr-433	660	3	,	,	PUNCT
ftr-433	660	4	the	the	DET
ftr-433	660	5	acquisition	acquisition	NOUN
ftr-433	660	6	of	of	ADP
ftr-433	660	7	a	a	DET
ftr-433	660	8	depreciable	depreciable	ADJ
ftr-433	660	9	asset	asset	NOUN
ftr-433	660	10	financed	finance	VERB
ftr-433	660	11	with	with	ADP
ftr-433	660	12	equity	equity	NOUN
ftr-433	660	13	creates	create	VERB
ftr-433	660	14	no	no	DET
ftr-433	660	15	change	change	NOUN
ftr-433	660	16	in	in	ADP
ftr-433	660	17	the	the	DET
ftr-433	660	18	investor	investor	NOUN
ftr-433	660	19	’s	’s	PART
ftr-433	660	20	net	net	ADJ
ftr-433	660	21	economic	economic	ADJ
ftr-433	660	22	or	or	CCONJ
ftr-433	660	23	financial	financial	ADJ
ftr-433	660	24	wealth	wealth	NOUN
ftr-433	660	25	if	if	SCONJ
ftr-433	660	26	the	the	DET
ftr-433	660	27	investment	investment	NOUN
ftr-433	660	28	is	be	AUX
ftr-433	660	29	a	a	DET
ftr-433	660	30	break	break	VERB
ftr-433	660	31	-	-	PUNCT
ftr-433	660	32	even	even	ADV
ftr-433	660	33	investment	investment	NOUN
ftr-433	660	34	.	.	PUNCT
ftr-433	661	1	if	if	SCONJ
ftr-433	661	2	savings	saving	NOUN
ftr-433	661	3	are	be	AUX
ftr-433	661	4	used	use	VERB
ftr-433	661	5	,	,	PUNCT
ftr-433	661	6	the96	the96	NOUN
ftr-433	661	7	investment	investment	NOUN
ftr-433	661	8	simply	simply	ADV
ftr-433	661	9	represents	represent	VERB
ftr-433	661	10	a	a	DET
ftr-433	661	11	new	new	ADJ
ftr-433	661	12	form	form	NOUN
ftr-433	661	13	of	of	ADP
ftr-433	661	14	the	the	DET
ftr-433	661	15	previous	previous	ADJ
ftr-433	661	16	wealth	wealth	NOUN
ftr-433	661	17	.	.	PUNCT
ftr-433	662	1	if	if	SCONJ
ftr-433	662	2	current	current	ADJ
ftr-433	662	3	year	year	NOUN
ftr-433	662	4	earnings	earning	NOUN
ftr-433	662	5	are	be	AUX
ftr-433	662	6	used	use	VERB
ftr-433	662	7	,	,	PUNCT
ftr-433	662	8	the	the	DET
ftr-433	662	9	increase	increase	NOUN
ftr-433	662	10	in	in	ADP
ftr-433	662	11	wealth	wealth	NOUN
ftr-433	662	12	represented	represent	VERB
ftr-433	662	13	by	by	ADP
ftr-433	662	14	those	those	DET
ftr-433	662	15	earnings	earning	NOUN
ftr-433	662	16	is	be	AUX
ftr-433	662	17	transformed	transform	VERB
ftr-433	662	18	into	into	ADP
ftr-433	662	19	the	the	DET
ftr-433	662	20	depreciable	depreciable	ADJ
ftr-433	662	21	asset	asset	NOUN
ftr-433	662	22	,	,	PUNCT
ftr-433	662	23	but	but	CCONJ
ftr-433	662	24	the	the	DET
ftr-433	662	25	amount	amount	NOUN
ftr-433	662	26	of	of	ADP
ftr-433	662	27	the	the	DET
ftr-433	662	28	initial	initial	ADJ
ftr-433	662	29	increase	increase	NOUN
ftr-433	662	30	in	in	ADP
ftr-433	662	31	wealth	wealth	NOUN
ftr-433	662	32	is	be	AUX
ftr-433	662	33	neither	neither	CCONJ
ftr-433	662	34	increased	increase	VERB
ftr-433	662	35	nor	nor	CCONJ
ftr-433	662	36	decreased	decrease	VERB
ftr-433	662	37	by	by	ADP
ftr-433	662	38	the	the	DET
ftr-433	662	39	change	change	NOUN
ftr-433	662	40	in	in	ADP
ftr-433	662	41	form	form	NOUN
ftr-433	662	42	of	of	ADP
ftr-433	662	43	that	that	DET
ftr-433	662	44	wealth	wealth	NOUN
ftr-433	662	45	.	.	PUNCT
ftr-433	663	1	therefore	therefore	ADV
ftr-433	663	2	,	,	PUNCT
ftr-433	663	3	the	the	DET
ftr-433	663	4	tax	tax	NOUN
ftr-433	663	5	base	base	NOUN
ftr-433	663	6	is	be	AUX
ftr-433	663	7	increased	increase	VERB
ftr-433	663	8	by	by	ADP
ftr-433	663	9	virtue	virtue	NOUN
ftr-433	663	10	of	of	ADP
ftr-433	663	11	the	the	DET
ftr-433	663	12	earnings	earning	NOUN
ftr-433	663	13	,	,	PUNCT
ftr-433	663	14	but	but	CCONJ
ftr-433	663	15	it	it	PRON
ftr-433	663	16	is	be	AUX
ftr-433	663	17	not	not	PART
ftr-433	663	18	reduced	reduce	VERB
ftr-433	663	19	because	because	SCONJ
ftr-433	663	20	those	those	DET
ftr-433	663	21	earnings	earning	NOUN
ftr-433	663	22	were	be	AUX
ftr-433	663	23	invested	invest	VERB
ftr-433	663	24	.	.	PUNCT
ftr-433	664	1	this	this	DET
ftr-433	664	2	feature	feature	NOUN
ftr-433	664	3	of	of	ADP
ftr-433	664	4	an	an	DET
ftr-433	664	5	amit	amit	NOUN
ftr-433	664	6	base	base	NOUN
ftr-433	664	7	496	496	NUM
ftr-433	664	8	florida	florida	PROPN
ftr-433	664	9	tax	tax	NOUN
ftr-433	664	10	review	review	NOUN
ftr-433	665	1	[	[	X
ftr-433	665	2	vol	vol	NOUN
ftr-433	665	3	.	.	PUNCT
ftr-433	665	4	5:7	5:7	NUM
ftr-433	665	5	97	97	NUM
ftr-433	665	6	.	.	PUNCT
ftr-433	666	1	john	john	PROPN
ftr-433	666	2	stuart	stuart	PROPN
ftr-433	666	3	mill	mill	PROPN
ftr-433	666	4	first	first	ADV
ftr-433	666	5	called	call	VERB
ftr-433	666	6	the	the	DET
ftr-433	666	7	income	income	NOUN
ftr-433	666	8	tax	tax	NOUN
ftr-433	666	9	a	a	DET
ftr-433	666	10	“	"	PUNCT
ftr-433	666	11	double	double	ADJ
ftr-433	666	12	tax	tax	NOUN
ftr-433	666	13	on	on	ADP
ftr-433	666	14	savings	saving	NOUN
ftr-433	666	15	.	.	PUNCT
ftr-433	666	16	”	"	PUNCT
ftr-433	667	1	john	john	PROPN
ftr-433	667	2	s.	s.	PROPN
ftr-433	667	3	mill	mill	PROPN
ftr-433	667	4	,	,	PUNCT
ftr-433	667	5	principles	principle	NOUN
ftr-433	667	6	of	of	ADP
ftr-433	667	7	political	political	ADJ
ftr-433	667	8	economy	economy	NOUN
ftr-433	667	9	814	814	NUM
ftr-433	667	10	(	(	PUNCT
ftr-433	667	11	sir	sir	PROPN
ftr-433	667	12	william	william	PROPN
ftr-433	667	13	ashley	ashley	PROPN
ftr-433	667	14	ed	ed	PROPN
ftr-433	667	15	.	.	PROPN
ftr-433	667	16	,	,	PUNCT
ftr-433	667	17	augustus	augustus	PROPN
ftr-433	667	18	m.	m.	PROPN
ftr-433	667	19	kelley	kelley	PROPN
ftr-433	667	20	publishers	publisher	NOUN
ftr-433	667	21	1973	1973	NUM
ftr-433	667	22	)	)	PUNCT
ftr-433	667	23	(	(	PUNCT
ftr-433	667	24	1848	1848	NUM
ftr-433	667	25	)	)	PUNCT
ftr-433	667	26	.	.	PUNCT
ftr-433	668	1	98	98	NUM
ftr-433	668	2	.	.	PUNCT
ftr-433	669	1	under	under	ADP
ftr-433	669	2	an	an	DET
ftr-433	669	3	amit	amit	NOUN
ftr-433	669	4	base	base	NOUN
ftr-433	669	5	,	,	PUNCT
ftr-433	669	6	the	the	DET
ftr-433	669	7	purpose	purpose	NOUN
ftr-433	669	8	of	of	ADP
ftr-433	669	9	economic	economic	ADJ
ftr-433	669	10	depreciation	depreciation	NOUN
ftr-433	669	11	is	be	AUX
ftr-433	669	12	not	not	PART
ftr-433	669	13	to	to	PART
ftr-433	669	14	directly	directly	ADV
ftr-433	669	15	measure	measure	VERB
ftr-433	669	16	the	the	DET
ftr-433	669	17	net	net	ADJ
ftr-433	669	18	capital	capital	NOUN
ftr-433	669	19	income	income	NOUN
ftr-433	669	20	produced	produce	VERB
ftr-433	669	21	by	by	ADP
ftr-433	669	22	specific	specific	ADJ
ftr-433	669	23	assets	asset	NOUN
ftr-433	669	24	,	,	PUNCT
ftr-433	669	25	although	although	SCONJ
ftr-433	669	26	it	it	PRON
ftr-433	669	27	plays	play	VERB
ftr-433	669	28	an	an	DET
ftr-433	669	29	important	important	ADJ
ftr-433	669	30	role	role	NOUN
ftr-433	669	31	in	in	ADP
ftr-433	669	32	that	that	DET
ftr-433	669	33	process	process	NOUN
ftr-433	669	34	.	.	PUNCT
ftr-433	670	1	99	99	NUM
ftr-433	670	2	.	.	PUNCT
ftr-433	671	1	the	the	DET
ftr-433	671	2	chirelstein	chirelstein	PROPN
ftr-433	671	3	convention	convention	PROPN
ftr-433	671	4	is	be	AUX
ftr-433	671	5	a	a	DET
ftr-433	671	6	simplified	simplified	ADJ
ftr-433	671	7	theoretical	theoretical	ADJ
ftr-433	671	8	way	way	NOUN
ftr-433	671	9	to	to	PART
ftr-433	671	10	measure	measure	VERB
ftr-433	671	11	the	the	DET
ftr-433	671	12	decline	decline	NOUN
ftr-433	671	13	in	in	ADP
ftr-433	671	14	value	value	NOUN
ftr-433	671	15	of	of	ADP
ftr-433	671	16	real	real	ADJ
ftr-433	671	17	depreciable	depreciable	ADJ
ftr-433	671	18	assets	asset	NOUN
ftr-433	671	19	with	with	ADP
ftr-433	671	20	the	the	DET
ftr-433	671	21	kinds	kind	NOUN
ftr-433	671	22	of	of	ADP
ftr-433	671	23	relatively	relatively	ADV
ftr-433	671	24	predictable	predictable	ADJ
ftr-433	671	25	income	income	NOUN
ftr-433	671	26	streams	stream	NOUN
ftr-433	671	27	that	that	PRON
ftr-433	671	28	are	be	AUX
ftr-433	671	29	associated	associate	VERB
ftr-433	671	30	with	with	ADP
ftr-433	671	31	most	most	ADJ
ftr-433	671	32	financial	financial	ADJ
ftr-433	671	33	assets	asset	NOUN
ftr-433	671	34	.	.	PUNCT
ftr-433	672	1	produces	produce	VERB
ftr-433	672	2	what	what	PRON
ftr-433	672	3	is	be	AUX
ftr-433	672	4	often	often	ADV
ftr-433	672	5	referred	refer	VERB
ftr-433	672	6	to	to	ADP
ftr-433	672	7	as	as	ADP
ftr-433	672	8	a	a	DET
ftr-433	672	9	“	"	PUNCT
ftr-433	672	10	double	double	ADJ
ftr-433	672	11	tax	tax	NOUN
ftr-433	672	12	”	"	PUNCT
ftr-433	672	13	on	on	ADP
ftr-433	672	14	investment	investment	NOUN
ftr-433	672	15	.	.	PUNCT
ftr-433	673	1	for97	for97	PROPN
ftr-433	673	2	example	example	NOUN
ftr-433	673	3	,	,	PUNCT
ftr-433	673	4	if	if	SCONJ
ftr-433	673	5	an	an	DET
ftr-433	673	6	amit	amit	PROPN
ftr-433	673	7	taxpayer	taxpayer	NOUN
ftr-433	673	8	earns	earn	VERB
ftr-433	673	9	$	$	SYM
ftr-433	673	10	200	200	NUM
ftr-433	673	11	in	in	ADP
ftr-433	673	12	year	year	NOUN
ftr-433	673	13	0	0	NUM
ftr-433	673	14	,	,	PUNCT
ftr-433	673	15	the	the	DET
ftr-433	673	16	maximum	maximum	ADJ
ftr-433	673	17	amount	amount	NOUN
ftr-433	673	18	that	that	PRON
ftr-433	673	19	the	the	DET
ftr-433	673	20	taxpayer	taxpayer	NOUN
ftr-433	673	21	can	can	AUX
ftr-433	673	22	invest	invest	VERB
ftr-433	673	23	from	from	ADP
ftr-433	673	24	those	those	DET
ftr-433	673	25	earnings	earning	NOUN
ftr-433	673	26	is	be	AUX
ftr-433	673	27	the	the	DET
ftr-433	673	28	amount	amount	NOUN
ftr-433	673	29	remaining	remain	VERB
ftr-433	673	30	after	after	SCONJ
ftr-433	673	31	those	those	DET
ftr-433	673	32	earnings	earning	NOUN
ftr-433	673	33	are	be	AUX
ftr-433	673	34	subject	subject	ADJ
ftr-433	673	35	to	to	ADP
ftr-433	673	36	tax	tax	NOUN
ftr-433	673	37	.	.	PUNCT
ftr-433	674	1	if	if	SCONJ
ftr-433	674	2	the	the	DET
ftr-433	674	3	tax	tax	NOUN
ftr-433	674	4	rate	rate	NOUN
ftr-433	674	5	is	be	AUX
ftr-433	674	6	50	50	NUM
ftr-433	674	7	%	%	NOUN
ftr-433	674	8	,	,	PUNCT
ftr-433	674	9	an	an	DET
ftr-433	674	10	amit	amit	PROPN
ftr-433	674	11	taxpayer	taxpayer	NOUN
ftr-433	674	12	can	can	AUX
ftr-433	674	13	only	only	ADV
ftr-433	674	14	invest	invest	VERB
ftr-433	674	15	$	$	SYM
ftr-433	674	16	100	100	NUM
ftr-433	674	17	after	after	ADP
ftr-433	674	18	tax	tax	NOUN
ftr-433	674	19	.	.	PUNCT
ftr-433	675	1	during	during	ADP
ftr-433	675	2	the	the	DET
ftr-433	675	3	holding	hold	VERB
ftr-433	675	4	period	period	NOUN
ftr-433	675	5	of	of	ADP
ftr-433	675	6	a	a	DET
ftr-433	675	7	depreciable	depreciable	ADJ
ftr-433	675	8	asset	asset	NOUN
ftr-433	675	9	within	within	ADP
ftr-433	675	10	an	an	DET
ftr-433	675	11	amit	amit	NOUN
ftr-433	675	12	base	base	NOUN
ftr-433	675	13	,	,	PUNCT
ftr-433	675	14	the	the	DET
ftr-433	675	15	gross	gross	ADJ
ftr-433	675	16	economic	economic	ADJ
ftr-433	675	17	yield	yield	NOUN
ftr-433	675	18	produced	produce	VERB
ftr-433	675	19	by	by	ADP
ftr-433	675	20	the	the	DET
ftr-433	675	21	asset	asset	NOUN
ftr-433	675	22	increases	increase	VERB
ftr-433	675	23	wealth	wealth	NOUN
ftr-433	675	24	,	,	PUNCT
ftr-433	675	25	while	while	SCONJ
ftr-433	675	26	the	the	DET
ftr-433	675	27	decline	decline	NOUN
ftr-433	675	28	in	in	ADP
ftr-433	675	29	the	the	DET
ftr-433	675	30	asset	asset	NOUN
ftr-433	675	31	’s	’s	PART
ftr-433	675	32	value	value	NOUN
ftr-433	675	33	decreases	decrease	VERB
ftr-433	675	34	wealth	wealth	NOUN
ftr-433	675	35	.	.	PUNCT
ftr-433	676	1	the	the	DET
ftr-433	676	2	net	net	ADJ
ftr-433	676	3	yield	yield	NOUN
ftr-433	676	4	produced	produce	VERB
ftr-433	676	5	by	by	ADP
ftr-433	676	6	the	the	DET
ftr-433	676	7	asset	asset	NOUN
ftr-433	676	8	may	may	AUX
ftr-433	676	9	either	either	CCONJ
ftr-433	676	10	increase	increase	VERB
ftr-433	676	11	or	or	CCONJ
ftr-433	676	12	decrease	decrease	VERB
ftr-433	676	13	net	net	ADJ
ftr-433	676	14	wealth	wealth	NOUN
ftr-433	676	15	relative	relative	ADJ
ftr-433	676	16	to	to	ADP
ftr-433	676	17	the	the	DET
ftr-433	676	18	initial	initial	ADJ
ftr-433	676	19	value	value	NOUN
ftr-433	676	20	of	of	ADP
ftr-433	676	21	the	the	DET
ftr-433	676	22	asset	asset	NOUN
ftr-433	676	23	,	,	PUNCT
ftr-433	676	24	or	or	CCONJ
ftr-433	676	25	net	net	ADJ
ftr-433	676	26	wealth	wealth	NOUN
ftr-433	676	27	may	may	AUX
ftr-433	676	28	remain	remain	VERB
ftr-433	676	29	unchanged	unchanged	ADJ
ftr-433	676	30	.	.	PUNCT
ftr-433	677	1	the	the	DET
ftr-433	677	2	primary	primary	ADJ
ftr-433	677	3	purpose	purpose	NOUN
ftr-433	677	4	of	of	ADP
ftr-433	677	5	economic	economic	ADJ
ftr-433	677	6	depreciation	depreciation	NOUN
ftr-433	677	7	in	in	ADP
ftr-433	677	8	an	an	DET
ftr-433	677	9	amit	amit	NOUN
ftr-433	677	10	base	base	NOUN
ftr-433	677	11	is	be	AUX
ftr-433	677	12	not	not	PART
ftr-433	677	13	to	to	PART
ftr-433	677	14	recover	recover	VERB
ftr-433	677	15	the	the	DET
ftr-433	677	16	cost	cost	NOUN
ftr-433	677	17	of	of	ADP
ftr-433	677	18	an	an	DET
ftr-433	677	19	asset	asset	NOUN
ftr-433	677	20	tax	tax	NOUN
ftr-433	677	21	-	-	PUNCT
ftr-433	677	22	free	free	ADJ
ftr-433	677	23	,	,	PUNCT
ftr-433	677	24	but	but	CCONJ
ftr-433	677	25	to	to	PART
ftr-433	677	26	assist	assist	VERB
ftr-433	677	27	in	in	ADP
ftr-433	677	28	periodically	periodically	ADV
ftr-433	677	29	measuring	measure	VERB
ftr-433	677	30	the	the	DET
ftr-433	677	31	overall	overall	ADJ
ftr-433	677	32	dw	dw	NOUN
ftr-433	677	33	factor	factor	NOUN
ftr-433	677	34	in	in	ADP
ftr-433	677	35	the	the	DET
ftr-433	677	36	haig	haig	PROPN
ftr-433	677	37	-	-	PUNCT
ftr-433	677	38	simons	simons	PROPN
ftr-433	677	39	definition	definition	NOUN
ftr-433	677	40	of	of	ADP
ftr-433	677	41	income	income	NOUN
ftr-433	677	42	.	.	PUNCT
ftr-433	678	1	in	in	ADP
ftr-433	678	2	the	the	DET
ftr-433	678	3	case	case	NOUN
ftr-433	678	4	of	of	ADP
ftr-433	678	5	a	a	DET
ftr-433	678	6	self	self	NOUN
ftr-433	678	7	-	-	PUNCT
ftr-433	678	8	exhausting	exhaust	VERB
ftr-433	678	9	asset,98	asset,98	NOUN
ftr-433	678	10	annual	annual	ADJ
ftr-433	678	11	economic	economic	ADJ
ftr-433	678	12	depreciation	depreciation	NOUN
ftr-433	678	13	deductions	deduction	NOUN
ftr-433	678	14	represent	represent	VERB
ftr-433	678	15	the	the	DET
ftr-433	678	16	actual	actual	ADJ
ftr-433	678	17	decline	decline	NOUN
ftr-433	678	18	in	in	ADP
ftr-433	678	19	the	the	DET
ftr-433	678	20	asset	asset	NOUN
ftr-433	678	21	’s	’s	PART
ftr-433	678	22	value	value	NOUN
ftr-433	678	23	during	during	ADP
ftr-433	678	24	each	each	DET
ftr-433	678	25	successive	successive	ADJ
ftr-433	678	26	taxable	taxable	ADJ
ftr-433	678	27	period	period	NOUN
ftr-433	678	28	.	.	PUNCT
ftr-433	679	1	if	if	SCONJ
ftr-433	679	2	,	,	PUNCT
ftr-433	679	3	as	as	ADP
ftr-433	679	4	in	in	ADP
ftr-433	679	5	table	table	NOUN
ftr-433	679	6	1	1	NUM
ftr-433	679	7	,	,	PUNCT
ftr-433	679	8	the99	the99	PROPN
ftr-433	679	9	investment	investment	NOUN
ftr-433	679	10	is	be	AUX
ftr-433	679	11	a	a	DET
ftr-433	679	12	break	break	VERB
ftr-433	679	13	-	-	PUNCT
ftr-433	679	14	even	even	ADV
ftr-433	679	15	investment	investment	NOUN
ftr-433	679	16	because	because	SCONJ
ftr-433	679	17	the	the	DET
ftr-433	679	18	asset	asset	NOUN
ftr-433	679	19	’s	’s	PART
ftr-433	679	20	yield	yield	NOUN
ftr-433	679	21	rate	rate	NOUN
ftr-433	679	22	equals	equal	VERB
ftr-433	679	23	the	the	DET
ftr-433	679	24	pre	pre	ADJ
ftr-433	679	25	-	-	ADJ
ftr-433	679	26	tax	tax	ADJ
ftr-433	679	27	discount	discount	NOUN
ftr-433	679	28	rate	rate	NOUN
ftr-433	679	29	,	,	PUNCT
ftr-433	679	30	that	that	SCONJ
ftr-433	679	31	investment	investment	NOUN
ftr-433	679	32	has	have	VERB
ftr-433	679	33	a	a	DET
ftr-433	679	34	npv	npv	NOUN
ftr-433	679	35	of	of	ADP
ftr-433	679	36	0	0	NUM
ftr-433	679	37	before	before	ADP
ftr-433	679	38	tax	tax	NOUN
ftr-433	679	39	using	use	VERB
ftr-433	679	40	the	the	DET
ftr-433	679	41	pretax	pretax	ADJ
ftr-433	679	42	discount	discount	NOUN
ftr-433	679	43	rate	rate	NOUN
ftr-433	679	44	,	,	PUNCT
ftr-433	679	45	and	and	CCONJ
ftr-433	679	46	an	an	DET
ftr-433	679	47	npv	npv	NOUN
ftr-433	679	48	of	of	ADP
ftr-433	679	49	0	0	NUM
ftr-433	679	50	after	after	ADP
ftr-433	679	51	-	-	PUNCT
ftr-433	679	52	tax	tax	NOUN
ftr-433	679	53	using	use	VERB
ftr-433	679	54	the	the	DET
ftr-433	679	55	after	after	ADP
ftr-433	679	56	-	-	PUNCT
ftr-433	679	57	tax	tax	NOUN
ftr-433	679	58	discount	discount	NOUN
ftr-433	679	59	rate	rate	NOUN
ftr-433	679	60	.	.	PUNCT
ftr-433	680	1	both	both	DET
ftr-433	680	2	figures	figure	NOUN
ftr-433	680	3	are	be	AUX
ftr-433	680	4	appropriate	appropriate	ADJ
ftr-433	680	5	and	and	CCONJ
ftr-433	680	6	correct	correct	ADJ
ftr-433	680	7	for	for	ADP
ftr-433	680	8	an	an	DET
ftr-433	680	9	amit	amit	NOUN
ftr-433	680	10	base	base	NOUN
ftr-433	680	11	.	.	PUNCT
ftr-433	681	1	because	because	SCONJ
ftr-433	681	2	no	no	DET
ftr-433	681	3	net	net	ADJ
ftr-433	681	4	wealth	wealth	NOUN
ftr-433	681	5	is	be	AUX
ftr-433	681	6	created	create	VERB
ftr-433	681	7	before	before	ADP
ftr-433	681	8	tax	tax	NOUN
ftr-433	681	9	,	,	PUNCT
ftr-433	681	10	either	either	CCONJ
ftr-433	681	11	at	at	ADP
ftr-433	681	12	acquisition	acquisition	NOUN
ftr-433	681	13	or	or	CCONJ
ftr-433	681	14	during	during	ADP
ftr-433	681	15	the	the	DET
ftr-433	681	16	holding	hold	VERB
ftr-433	681	17	period	period	NOUN
ftr-433	681	18	of	of	ADP
ftr-433	681	19	the	the	DET
ftr-433	681	20	asset	asset	NOUN
ftr-433	681	21	,	,	PUNCT
ftr-433	681	22	no	no	DET
ftr-433	681	23	net	net	ADJ
ftr-433	681	24	wealth	wealth	NOUN
ftr-433	681	25	is	be	AUX
ftr-433	681	26	created	create	VERB
ftr-433	681	27	after	after	ADP
ftr-433	681	28	tax	tax	NOUN
ftr-433	681	29	.	.	PUNCT
ftr-433	682	1	economic	economic	ADJ
ftr-433	682	2	depreciation	depreciation	NOUN
ftr-433	682	3	is	be	AUX
ftr-433	682	4	the	the	DET
ftr-433	682	5	only	only	ADJ
ftr-433	682	6	type	type	NOUN
ftr-433	682	7	of	of	ADP
ftr-433	682	8	depreciation	depreciation	NOUN
ftr-433	682	9	accounting	accounting	NOUN
ftr-433	682	10	that	that	PRON
ftr-433	682	11	produces	produce	VERB
ftr-433	682	12	this	this	DET
ftr-433	682	13	structurally	structurally	ADV
ftr-433	682	14	correct	correct	ADJ
ftr-433	682	15	result	result	NOUN
ftr-433	682	16	in	in	ADP
ftr-433	682	17	an	an	DET
ftr-433	682	18	amit	amit	NOUN
ftr-433	682	19	base	base	NOUN
ftr-433	682	20	.	.	PUNCT
ftr-433	683	1	b.	b.	PROPN
ftr-433	683	2	cash	cash	PROPN
ftr-433	683	3	flow	flow	NOUN
ftr-433	683	4	income	income	NOUN
ftr-433	683	5	tax	tax	NOUN
ftr-433	683	6	(	(	PUNCT
ftr-433	683	7	cfit	cfit	PROPN
ftr-433	683	8	)	)	PUNCT
ftr-433	683	9	while	while	SCONJ
ftr-433	683	10	an	an	DET
ftr-433	683	11	amit	amit	NOUN
ftr-433	683	12	base	base	NOUN
ftr-433	683	13	is	be	AUX
ftr-433	683	14	structured	structure	VERB
ftr-433	683	15	to	to	PART
ftr-433	683	16	tax	tax	VERB
ftr-433	683	17	consumption	consumption	NOUN
ftr-433	683	18	and	and	CCONJ
ftr-433	683	19	the	the	DET
ftr-433	683	20	ability	ability	NOUN
ftr-433	683	21	to	to	PART
ftr-433	683	22	consume	consume	VERB
ftr-433	683	23	and	and	CCONJ
ftr-433	683	24	can	can	AUX
ftr-433	683	25	be	be	AUX
ftr-433	683	26	accounted	account	VERB
ftr-433	683	27	for	for	ADP
ftr-433	683	28	through	through	ADP
ftr-433	683	29	a	a	DET
ftr-433	683	30	balance	balance	NOUN
ftr-433	683	31	sheet	sheet	NOUN
ftr-433	683	32	approach	approach	NOUN
ftr-433	683	33	,	,	PUNCT
ftr-433	683	34	a	a	DET
ftr-433	683	35	cfit	cfit	NOUN
ftr-433	683	36	base	base	NOUN
ftr-433	683	37	is	be	AUX
ftr-433	683	38	structured	structure	VERB
ftr-433	683	39	to	to	PART
ftr-433	683	40	tax	tax	VERB
ftr-433	683	41	actual	actual	ADJ
ftr-433	683	42	consumption	consumption	NOUN
ftr-433	683	43	and	and	CCONJ
ftr-433	683	44	can	can	AUX
ftr-433	683	45	be	be	AUX
ftr-433	683	46	accounted	account	VERB
ftr-433	683	47	for	for	ADP
ftr-433	683	48	through	through	ADP
ftr-433	683	49	a	a	DET
ftr-433	683	50	cash	cash	NOUN
ftr-433	683	51	flow	flow	NOUN
ftr-433	683	52	statement	statement	NOUN
ftr-433	683	53	approach	approach	NOUN
ftr-433	683	54	.	.	PUNCT
ftr-433	684	1	in	in	ADP
ftr-433	684	2	other	other	ADJ
ftr-433	684	3	words	word	NOUN
ftr-433	684	4	,	,	PUNCT
ftr-433	684	5	a	a	DET
ftr-433	684	6	cfit	cfit	NOUN
ftr-433	684	7	base	base	NOUN
ftr-433	684	8	can	can	AUX
ftr-433	684	9	be	be	AUX
ftr-433	684	10	expressed	express	VERB
ftr-433	684	11	as	as	ADP
ftr-433	684	12	the	the	DET
ftr-433	684	13	formula	formula	NOUN
ftr-433	684	14	tax	tax	NOUN
ftr-433	684	15	base	base	NOUN
ftr-433	684	16	=	=	NOUN
ftr-433	684	17	consumption	consumption	NOUN
ftr-433	684	18	rather	rather	ADV
ftr-433	684	19	than	than	ADP
ftr-433	684	20	tax	tax	NOUN
ftr-433	684	21	base	base	NOUN
ftr-433	684	22	=	=	NOUN
ftr-433	684	23	consumption	consumption	NOUN
ftr-433	684	24	+	+	CCONJ
ftr-433	684	25	dw	dw	PROPN
ftr-433	684	26	.	.	PROPN
ftr-433	684	27	consumption	consumption	NOUN
ftr-433	684	28	,	,	PUNCT
ftr-433	684	29	in	in	ADP
ftr-433	684	30	turn	turn	NOUN
ftr-433	684	31	,	,	PUNCT
ftr-433	684	32	can	can	AUX
ftr-433	684	33	be	be	AUX
ftr-433	684	34	expressed	express	VERB
ftr-433	684	35	as	as	ADP
ftr-433	684	36	earnings	earning	NOUN
ftr-433	684	37	–	–	PUNCT
ftr-433	684	38	investment	investment	NOUN
ftr-433	684	39	if	if	SCONJ
ftr-433	684	40	all	all	DET
ftr-433	684	41	non	non	ADJ
ftr-433	684	42	-	-	ADJ
ftr-433	684	43	invested	invested	ADJ
ftr-433	684	44	or	or	CCONJ
ftr-433	684	45	non	non	ADJ
ftr-433	684	46	-	-	ADJ
ftr-433	684	47	saved	saved	ADJ
ftr-433	684	48	earnings	earning	NOUN
ftr-433	684	49	are	be	AUX
ftr-433	684	50	deemed	deem	VERB
ftr-433	684	51	to	to	PART
ftr-433	684	52	be	be	AUX
ftr-433	684	53	consumed	consume	VERB
ftr-433	684	54	.	.	PUNCT
ftr-433	685	1	a	a	DET
ftr-433	685	2	cfit	cfit	NOUN
ftr-433	685	3	base	base	NOUN
ftr-433	685	4	is	be	AUX
ftr-433	685	5	a	a	DET
ftr-433	685	6	simplified	simplified	ADJ
ftr-433	685	7	type	type	NOUN
ftr-433	685	8	of	of	ADP
ftr-433	685	9	consumption	consumption	NOUN
ftr-433	685	10	tax	tax	NOUN
ftr-433	685	11	base	base	NOUN
ftr-433	685	12	and	and	CCONJ
ftr-433	685	13	is	be	AUX
ftr-433	685	14	basically	basically	ADV
ftr-433	685	15	structured	structure	VERB
ftr-433	685	16	to	to	PART
ftr-433	685	17	tax	tax	NOUN
ftr-433	685	18	earnings	earning	NOUN
ftr-433	685	19	–	–	PUNCT
ftr-433	685	20	investment	investment	NOUN
ftr-433	685	21	.	.	PUNCT
ftr-433	686	1	as	as	ADP
ftr-433	686	2	a	a	DET
ftr-433	686	3	result	result	NOUN
ftr-433	686	4	,	,	PUNCT
ftr-433	686	5	it	it	PRON
ftr-433	686	6	has	have	AUX
ftr-433	686	7	been	be	AUX
ftr-433	686	8	said	say	VERB
ftr-433	686	9	that	that	SCONJ
ftr-433	686	10	a	a	DET
ftr-433	686	11	consumption	consumption	NOUN
ftr-433	686	12	tax	tax	NOUN
ftr-433	686	13	is	be	AUX
ftr-433	686	14	a	a	DET
ftr-433	686	15	2002	2002	NUM
ftr-433	686	16	]	]	PUNCT
ftr-433	686	17	normative	normative	ADJ
ftr-433	686	18	capital	capital	NOUN
ftr-433	686	19	cost	cost	NOUN
ftr-433	686	20	recovery	recovery	NOUN
ftr-433	686	21	497	497	NUM
ftr-433	686	22	100	100	NUM
ftr-433	686	23	.	.	PUNCT
ftr-433	687	1	see	see	VERB
ftr-433	687	2	alvin	alvin	PROPN
ftr-433	687	3	c.	c.	PROPN
ftr-433	687	4	warren	warren	PROPN
ftr-433	687	5	,	,	PUNCT
ftr-433	687	6	jr	jr	PROPN
ftr-433	687	7	.	.	PROPN
ftr-433	687	8	,	,	PUNCT
ftr-433	687	9	fairness	fairness	NOUN
ftr-433	687	10	and	and	CCONJ
ftr-433	687	11	a	a	DET
ftr-433	687	12	consumption	consumption	NOUN
ftr-433	687	13	–	–	PUNCT
ftr-433	687	14	type	type	NOUN
ftr-433	687	15	or	or	CCONJ
ftr-433	687	16	cash	cash	NOUN
ftr-433	687	17	flow	flow	NOUN
ftr-433	687	18	personal	personal	ADJ
ftr-433	687	19	income	income	NOUN
ftr-433	687	20	tax	tax	NOUN
ftr-433	687	21	,	,	PUNCT
ftr-433	687	22	88	88	NUM
ftr-433	687	23	harv	harv	NOUN
ftr-433	687	24	.	.	PUNCT
ftr-433	688	1	l.	l.	PROPN
ftr-433	688	2	rev	rev	PROPN
ftr-433	688	3	.	.	PROPN
ftr-433	688	4	931	931	NUM
ftr-433	688	5	,	,	PUNCT
ftr-433	688	6	938	938	NUM
ftr-433	688	7	-	-	SYM
ftr-433	688	8	41	41	NUM
ftr-433	688	9	(	(	PUNCT
ftr-433	688	10	1975	1975	NUM
ftr-433	688	11	)	)	PUNCT
ftr-433	688	12	;	;	PUNCT
ftr-433	689	1	cf	cf	X
ftr-433	689	2	.	.	PUNCT
ftr-433	690	1	william	william	PROPN
ftr-433	690	2	andrews	andrews	PROPN
ftr-433	690	3	,	,	PUNCT
ftr-433	690	4	fairness	fairness	NOUN
ftr-433	690	5	and	and	CCONJ
ftr-433	690	6	the	the	DET
ftr-433	690	7	personal	personal	ADJ
ftr-433	690	8	income	income	NOUN
ftr-433	690	9	tax	tax	NOUN
ftr-433	690	10	:	:	PUNCT
ftr-433	690	11	a	a	DET
ftr-433	690	12	reply	reply	NOUN
ftr-433	690	13	to	to	ADP
ftr-433	690	14	professor	professor	NOUN
ftr-433	690	15	warren	warren	PROPN
ftr-433	690	16	,	,	PUNCT
ftr-433	690	17	88	88	NUM
ftr-433	690	18	harv	harv	NOUN
ftr-433	690	19	.	.	PUNCT
ftr-433	691	1	l.	l.	PROPN
ftr-433	691	2	rev	rev	PROPN
ftr-433	691	3	.	.	PROPN
ftr-433	691	4	947	947	NUM
ftr-433	691	5	(	(	PUNCT
ftr-433	691	6	1975	1975	NUM
ftr-433	691	7	)	)	PUNCT
ftr-433	691	8	.	.	PUNCT
ftr-433	692	1	101	101	NUM
ftr-433	692	2	.	.	PUNCT
ftr-433	693	1	traditionally	traditionally	ADV
ftr-433	693	2	,	,	PUNCT
ftr-433	693	3	two	two	NUM
ftr-433	693	4	versions	version	NOUN
ftr-433	693	5	of	of	ADP
ftr-433	693	6	a	a	DET
ftr-433	693	7	cash	cash	NOUN
ftr-433	693	8	flow	flow	NOUN
ftr-433	693	9	consumption	consumption	NOUN
ftr-433	693	10	tax	tax	NOUN
ftr-433	693	11	have	have	AUX
ftr-433	693	12	been	be	AUX
ftr-433	693	13	proposed	propose	VERB
ftr-433	693	14	with	with	ADP
ftr-433	693	15	respect	respect	NOUN
ftr-433	693	16	to	to	ADP
ftr-433	693	17	the	the	DET
ftr-433	693	18	taxation	taxation	NOUN
ftr-433	693	19	of	of	ADP
ftr-433	693	20	the	the	DET
ftr-433	693	21	income	income	NOUN
ftr-433	693	22	from	from	ADP
ftr-433	693	23	depreciable	depreciable	ADJ
ftr-433	693	24	assets	asset	NOUN
ftr-433	693	25	.	.	PUNCT
ftr-433	694	1	the	the	DET
ftr-433	694	2	first	first	ADJ
ftr-433	694	3	version	version	NOUN
ftr-433	694	4	is	be	AUX
ftr-433	694	5	a	a	DET
ftr-433	694	6	straightforward	straightforward	ADJ
ftr-433	694	7	cash	cash	NOUN
ftr-433	694	8	flow	flow	NOUN
ftr-433	694	9	accounting	accounting	NOUN
ftr-433	694	10	approach	approach	NOUN
ftr-433	694	11	in	in	ADP
ftr-433	694	12	which	which	PRON
ftr-433	694	13	investment	investment	NOUN
ftr-433	694	14	in	in	ADP
ftr-433	694	15	real	real	ADJ
ftr-433	694	16	assets	asset	NOUN
ftr-433	694	17	is	be	AUX
ftr-433	694	18	deducted	deduct	VERB
ftr-433	694	19	from	from	ADP
ftr-433	694	20	the	the	DET
ftr-433	694	21	tax	tax	NOUN
ftr-433	694	22	base	base	NOUN
ftr-433	694	23	and	and	CCONJ
ftr-433	694	24	all	all	DET
ftr-433	694	25	investment	investment	NOUN
ftr-433	694	26	yield	yield	NOUN
ftr-433	694	27	is	be	AUX
ftr-433	694	28	included	include	VERB
ftr-433	694	29	in	in	ADP
ftr-433	694	30	the	the	DET
ftr-433	694	31	tax	tax	NOUN
ftr-433	694	32	base	base	NOUN
ftr-433	694	33	.	.	PUNCT
ftr-433	695	1	the	the	DET
ftr-433	695	2	second	second	ADJ
ftr-433	695	3	version	version	NOUN
ftr-433	695	4	is	be	AUX
ftr-433	695	5	often	often	ADV
ftr-433	695	6	called	call	VERB
ftr-433	695	7	yield	yield	NOUN
ftr-433	695	8	exemption	exemption	NOUN
ftr-433	695	9	and	and	CCONJ
ftr-433	695	10	operates	operate	VERB
ftr-433	695	11	by	by	ADP
ftr-433	695	12	taxing	tax	VERB
ftr-433	695	13	investment	investment	NOUN
ftr-433	695	14	in	in	ADP
ftr-433	695	15	an	an	DET
ftr-433	695	16	asset	asset	NOUN
ftr-433	695	17	(	(	PUNCT
ftr-433	695	18	like	like	ADP
ftr-433	695	19	an	an	DET
ftr-433	695	20	amit	amit	NOUN
ftr-433	695	21	base	base	NOUN
ftr-433	695	22	)	)	PUNCT
ftr-433	695	23	but	but	CCONJ
ftr-433	695	24	exempting	exempt	VERB
ftr-433	695	25	the	the	DET
ftr-433	695	26	yield	yield	NOUN
ftr-433	695	27	produced	produce	VERB
ftr-433	695	28	by	by	ADP
ftr-433	695	29	the	the	DET
ftr-433	695	30	asset	asset	NOUN
ftr-433	695	31	from	from	ADP
ftr-433	695	32	tax	tax	NOUN
ftr-433	695	33	.	.	PUNCT
ftr-433	696	1	the	the	DET
ftr-433	696	2	two	two	NUM
ftr-433	696	3	versions	version	NOUN
ftr-433	696	4	produce	produce	VERB
ftr-433	696	5	the	the	DET
ftr-433	696	6	same	same	ADJ
ftr-433	696	7	present	present	ADJ
ftr-433	696	8	value	value	NOUN
ftr-433	696	9	of	of	ADP
ftr-433	696	10	tax	tax	NOUN
ftr-433	696	11	paid	pay	VERB
ftr-433	696	12	,	,	PUNCT
ftr-433	696	13	but	but	CCONJ
ftr-433	696	14	the	the	DET
ftr-433	696	15	second	second	ADJ
ftr-433	696	16	version	version	NOUN
ftr-433	696	17	potentially	potentially	ADV
ftr-433	696	18	allocates	allocate	VERB
ftr-433	696	19	all	all	DET
ftr-433	696	20	windfall	windfall	NOUN
ftr-433	696	21	gains	gain	NOUN
ftr-433	696	22	to	to	ADP
ftr-433	696	23	taxpayers	taxpayer	NOUN
ftr-433	696	24	.	.	PUNCT
ftr-433	697	1	in	in	ADP
ftr-433	697	2	its	its	PRON
ftr-433	697	3	last	last	ADJ
ftr-433	697	4	major	major	ADJ
ftr-433	697	5	study	study	NOUN
ftr-433	697	6	of	of	ADP
ftr-433	697	7	tax	tax	NOUN
ftr-433	697	8	base	base	NOUN
ftr-433	697	9	reform	reform	NOUN
ftr-433	697	10	,	,	PUNCT
ftr-433	697	11	the	the	DET
ftr-433	697	12	treasury	treasury	PROPN
ftr-433	697	13	department	department	NOUN
ftr-433	697	14	prohibited	prohibit	VERB
ftr-433	697	15	this	this	DET
ftr-433	697	16	treatment	treatment	NOUN
ftr-433	697	17	for	for	ADP
ftr-433	697	18	real	real	ADJ
ftr-433	697	19	business	business	NOUN
ftr-433	697	20	assets	asset	NOUN
ftr-433	697	21	,	,	PUNCT
ftr-433	697	22	both	both	CCONJ
ftr-433	697	23	for	for	ADP
ftr-433	697	24	concern	concern	NOUN
ftr-433	697	25	about	about	ADP
ftr-433	697	26	this	this	DET
ftr-433	697	27	allocation	allocation	NOUN
ftr-433	697	28	and	and	CCONJ
ftr-433	697	29	the	the	DET
ftr-433	697	30	difficulty	difficulty	NOUN
ftr-433	697	31	of	of	ADP
ftr-433	697	32	distinguishing	distinguish	VERB
ftr-433	697	33	return	return	NOUN
ftr-433	697	34	to	to	ADP
ftr-433	697	35	capital	capital	NOUN
ftr-433	697	36	from	from	ADP
ftr-433	697	37	income	income	NOUN
ftr-433	697	38	from	from	ADP
ftr-433	697	39	services	service	NOUN
ftr-433	697	40	,	,	PUNCT
ftr-433	697	41	in	in	ADP
ftr-433	697	42	the	the	DET
ftr-433	697	43	context	context	NOUN
ftr-433	697	44	of	of	ADP
ftr-433	697	45	small	small	ADJ
ftr-433	697	46	businesses	business	NOUN
ftr-433	697	47	.	.	PUNCT
ftr-433	698	1	see	see	VERB
ftr-433	698	2	blueprints	blueprint	NOUN
ftr-433	698	3	,	,	PUNCT
ftr-433	698	4	supra	supra	PROPN
ftr-433	698	5	note	note	NOUN
ftr-433	698	6	1	1	NUM
ftr-433	698	7	,	,	PUNCT
ftr-433	698	8	at	at	ADP
ftr-433	698	9	115	115	NUM
ftr-433	698	10	-	-	SYM
ftr-433	698	11	17	17	NUM
ftr-433	698	12	.	.	PUNCT
ftr-433	698	13	102	102	NUM
ftr-433	698	14	.	.	PUNCT
ftr-433	699	1	on	on	ADP
ftr-433	699	2	the	the	DET
ftr-433	699	3	other	other	ADJ
ftr-433	699	4	hand	hand	NOUN
ftr-433	699	5	,	,	PUNCT
ftr-433	699	6	to	to	PART
ftr-433	699	7	mix	mix	VERB
ftr-433	699	8	structural	structural	ADJ
ftr-433	699	9	metaphors	metaphor	NOUN
ftr-433	699	10	,	,	PUNCT
ftr-433	699	11	one	one	PRON
ftr-433	699	12	could	could	AUX
ftr-433	699	13	characterize	characterize	VERB
ftr-433	699	14	not	not	PART
ftr-433	699	15	taxing	tax	VERB
ftr-433	699	16	the	the	DET
ftr-433	699	17	source	source	NOUN
ftr-433	699	18	of	of	ADP
ftr-433	699	19	investment	investment	NOUN
ftr-433	699	20	as	as	ADP
ftr-433	699	21	a	a	DET
ftr-433	699	22	form	form	NOUN
ftr-433	699	23	of	of	ADP
ftr-433	699	24	ex	ex	ADJ
ftr-433	699	25	ante	ante	NOUN
ftr-433	699	26	tax	tax	NOUN
ftr-433	699	27	-	-	PUNCT
ftr-433	699	28	free	free	ADJ
ftr-433	699	29	cost	cost	NOUN
ftr-433	699	30	recovery	recovery	NOUN
ftr-433	699	31	.	.	PUNCT
ftr-433	700	1	tax	tax	NOUN
ftr-433	700	2	on	on	ADP
ftr-433	700	3	earnings	earning	NOUN
ftr-433	700	4	but	but	CCONJ
ftr-433	700	5	not	not	PART
ftr-433	700	6	on	on	ADP
ftr-433	700	7	investment	investment	NOUN
ftr-433	700	8	,	,	PUNCT
ftr-433	700	9	while	while	SCONJ
ftr-433	700	10	an	an	DET
ftr-433	700	11	income	income	NOUN
ftr-433	700	12	tax	tax	NOUN
ftr-433	700	13	is	be	AUX
ftr-433	700	14	a	a	DET
ftr-433	700	15	tax	tax	NOUN
ftr-433	700	16	on	on	ADP
ftr-433	700	17	both	both	DET
ftr-433	700	18	earnings	earning	NOUN
ftr-433	700	19	and	and	CCONJ
ftr-433	700	20	investment.100	investment.100	VERB
ftr-433	700	21	under	under	ADP
ftr-433	700	22	one	one	NUM
ftr-433	700	23	of	of	ADP
ftr-433	700	24	its	its	PRON
ftr-433	700	25	two	two	NUM
ftr-433	700	26	major	major	ADJ
ftr-433	700	27	approaches	approach	NOUN
ftr-433	700	28	to	to	ADP
ftr-433	700	29	capital	capital	NOUN
ftr-433	700	30	income	income	NOUN
ftr-433	700	31	taxation	taxation	NOUN
ftr-433	700	32	,	,	PUNCT
ftr-433	700	33	a	a	DET
ftr-433	700	34	cfit	cfit	NOUN
ftr-433	700	35	base	base	NOUN
ftr-433	700	36	does	do	AUX
ftr-433	700	37	not	not	PART
ftr-433	700	38	tax	tax	VERB
ftr-433	700	39	the	the	DET
ftr-433	700	40	source	source	NOUN
ftr-433	700	41	of	of	ADP
ftr-433	700	42	investment	investment	NOUN
ftr-433	700	43	but	but	CCONJ
ftr-433	700	44	completely	completely	ADV
ftr-433	700	45	taxes	tax	VERB
ftr-433	700	46	investment	investment	NOUN
ftr-433	700	47	yield	yield	NOUN
ftr-433	700	48	.	.	PUNCT
ftr-433	701	1	because	because	SCONJ
ftr-433	701	2	the	the	DET
ftr-433	701	3	source	source	NOUN
ftr-433	701	4	of	of	ADP
ftr-433	701	5	investment	investment	NOUN
ftr-433	701	6	(	(	PUNCT
ftr-433	701	7	earnings	earning	NOUN
ftr-433	701	8	for	for	ADP
ftr-433	701	9	example	example	NOUN
ftr-433	701	10	)	)	PUNCT
ftr-433	701	11	is101	is101	VERB
ftr-433	701	12	not	not	PART
ftr-433	701	13	taxed	tax	VERB
ftr-433	701	14	,	,	PUNCT
ftr-433	701	15	there	there	PRON
ftr-433	701	16	is	be	VERB
ftr-433	701	17	no	no	PRON
ftr-433	701	18	after	after	SCONJ
ftr-433	701	19	tax	tax	NOUN
ftr-433	701	20	cost	cost	NOUN
ftr-433	701	21	to	to	PART
ftr-433	701	22	recover	recover	VERB
ftr-433	701	23	tax	tax	NOUN
ftr-433	701	24	-	-	PUNCT
ftr-433	701	25	free	free	ADJ
ftr-433	701	26	subsequent	subsequent	NOUN
ftr-433	701	27	to	to	ADP
ftr-433	701	28	the	the	DET
ftr-433	701	29	act	act	NOUN
ftr-433	701	30	of	of	ADP
ftr-433	701	31	investing.102	investing.102	NOUN
ftr-433	701	32	under	under	ADP
ftr-433	701	33	this	this	DET
ftr-433	701	34	version	version	NOUN
ftr-433	701	35	of	of	ADP
ftr-433	701	36	cfit	cfit	NOUN
ftr-433	701	37	base	base	NOUN
ftr-433	701	38	capital	capital	NOUN
ftr-433	701	39	income	income	NOUN
ftr-433	701	40	taxation	taxation	NOUN
ftr-433	701	41	,	,	PUNCT
ftr-433	701	42	the	the	DET
ftr-433	701	43	act	act	NOUN
ftr-433	701	44	of	of	ADP
ftr-433	701	45	investing	invest	VERB
ftr-433	701	46	in	in	ADP
ftr-433	701	47	a	a	DET
ftr-433	701	48	real	real	ADJ
ftr-433	701	49	exhausting	exhausting	ADJ
ftr-433	701	50	asset	asset	NOUN
ftr-433	701	51	is	be	AUX
ftr-433	701	52	simply	simply	ADV
ftr-433	701	53	accounted	account	VERB
ftr-433	701	54	for	for	ADP
ftr-433	701	55	as	as	ADP
ftr-433	701	56	a	a	DET
ftr-433	701	57	negative	negative	ADJ
ftr-433	701	58	cash	cash	NOUN
ftr-433	701	59	flow	flow	NOUN
ftr-433	701	60	.	.	PUNCT
ftr-433	702	1	structurally	structurally	ADV
ftr-433	702	2	,	,	PUNCT
ftr-433	702	3	investment	investment	NOUN
ftr-433	702	4	is	be	AUX
ftr-433	702	5	treated	treat	VERB
ftr-433	702	6	as	as	ADP
ftr-433	702	7	a	a	DET
ftr-433	702	8	reduction	reduction	NOUN
ftr-433	702	9	of	of	ADP
ftr-433	702	10	funds	fund	NOUN
ftr-433	702	11	available	available	ADJ
ftr-433	702	12	for	for	ADP
ftr-433	702	13	consumption	consumption	NOUN
ftr-433	702	14	,	,	PUNCT
ftr-433	702	15	and	and	CCONJ
ftr-433	702	16	therefore	therefore	ADV
ftr-433	702	17	,	,	PUNCT
ftr-433	702	18	as	as	ADP
ftr-433	702	19	a	a	DET
ftr-433	702	20	reduction	reduction	NOUN
ftr-433	702	21	in	in	ADP
ftr-433	702	22	the	the	DET
ftr-433	702	23	tax	tax	NOUN
ftr-433	702	24	base	base	NOUN
ftr-433	702	25	for	for	ADP
ftr-433	702	26	the	the	DET
ftr-433	702	27	relevant	relevant	ADJ
ftr-433	702	28	period	period	NOUN
ftr-433	702	29	.	.	PUNCT
ftr-433	703	1	conversely	conversely	ADV
ftr-433	703	2	,	,	PUNCT
ftr-433	703	3	the	the	DET
ftr-433	703	4	yield	yield	NOUN
ftr-433	703	5	stream	stream	NOUN
ftr-433	703	6	produced	produce	VERB
ftr-433	703	7	by	by	ADP
ftr-433	703	8	that	that	DET
ftr-433	703	9	real	real	ADJ
ftr-433	703	10	asset	asset	NOUN
ftr-433	703	11	is	be	AUX
ftr-433	703	12	accounted	account	VERB
ftr-433	703	13	for	for	ADP
ftr-433	703	14	solely	solely	ADV
ftr-433	703	15	as	as	ADP
ftr-433	703	16	a	a	DET
ftr-433	703	17	positive	positive	ADJ
ftr-433	703	18	cash	cash	NOUN
ftr-433	703	19	flow	flow	NOUN
ftr-433	703	20	,	,	PUNCT
ftr-433	703	21	and	and	CCONJ
ftr-433	703	22	structurally	structurally	ADV
ftr-433	703	23	as	as	ADP
ftr-433	703	24	an	an	DET
ftr-433	703	25	increase	increase	NOUN
ftr-433	703	26	in	in	ADP
ftr-433	703	27	funds	fund	NOUN
ftr-433	703	28	available	available	ADJ
ftr-433	703	29	for	for	ADP
ftr-433	703	30	consumption	consumption	NOUN
ftr-433	703	31	,	,	PUNCT
ftr-433	703	32	and	and	CCONJ
ftr-433	703	33	therefore	therefore	ADV
ftr-433	703	34	,	,	PUNCT
ftr-433	703	35	as	as	ADP
ftr-433	703	36	an	an	DET
ftr-433	703	37	increase	increase	NOUN
ftr-433	703	38	in	in	ADP
ftr-433	703	39	the	the	DET
ftr-433	703	40	tax	tax	NOUN
ftr-433	703	41	base	base	NOUN
ftr-433	703	42	.	.	PUNCT
ftr-433	704	1	thus	thus	ADV
ftr-433	704	2	,	,	PUNCT
ftr-433	704	3	for	for	ADP
ftr-433	704	4	capital	capital	NOUN
ftr-433	704	5	income	income	NOUN
ftr-433	704	6	taxation	taxation	NOUN
ftr-433	704	7	purposes	purpose	NOUN
ftr-433	704	8	,	,	PUNCT
ftr-433	704	9	none	none	NOUN
ftr-433	704	10	of	of	ADP
ftr-433	704	11	the	the	DET
ftr-433	704	12	funds	fund	NOUN
ftr-433	704	13	used	use	VERB
ftr-433	704	14	to	to	PART
ftr-433	704	15	make	make	VERB
ftr-433	704	16	the	the	DET
ftr-433	704	17	initial	initial	ADJ
ftr-433	704	18	investment	investment	NOUN
ftr-433	704	19	are	be	AUX
ftr-433	704	20	taxed	tax	VERB
ftr-433	704	21	,	,	PUNCT
ftr-433	704	22	but	but	CCONJ
ftr-433	704	23	all	all	DET
ftr-433	704	24	the	the	DET
ftr-433	704	25	income	income	NOUN
ftr-433	704	26	produced	produce	VERB
ftr-433	704	27	by	by	ADP
ftr-433	704	28	the	the	DET
ftr-433	704	29	investment	investment	NOUN
ftr-433	704	30	is	be	AUX
ftr-433	704	31	taxed	tax	VERB
ftr-433	704	32	–	–	PUNCT
ftr-433	704	33	unless	unless	SCONJ
ftr-433	704	34	additional	additional	ADJ
ftr-433	704	35	investment	investment	NOUN
ftr-433	704	36	is	be	AUX
ftr-433	704	37	made	make	VERB
ftr-433	704	38	with	with	ADP
ftr-433	704	39	that	that	DET
ftr-433	704	40	income	income	NOUN
ftr-433	704	41	.	.	PUNCT
ftr-433	705	1	this	this	DET
ftr-433	705	2	approach	approach	NOUN
ftr-433	705	3	to	to	ADP
ftr-433	705	4	tax	tax	NOUN
ftr-433	705	5	base	base	NOUN
ftr-433	705	6	accounting	accounting	NOUN
ftr-433	705	7	completely	completely	ADV
ftr-433	705	8	separates	separate	VERB
ftr-433	705	9	the	the	DET
ftr-433	705	10	accounting	accounting	NOUN
ftr-433	705	11	for	for	ADP
ftr-433	705	12	investment	investment	NOUN
ftr-433	705	13	in	in	ADP
ftr-433	705	14	a	a	DET
ftr-433	705	15	depreciable	depreciable	ADJ
ftr-433	705	16	asset	asset	NOUN
ftr-433	705	17	from	from	ADP
ftr-433	705	18	accounting	account	VERB
ftr-433	705	19	for	for	ADP
ftr-433	705	20	the	the	DET
ftr-433	705	21	income	income	NOUN
ftr-433	705	22	produced	produce	VERB
ftr-433	705	23	by	by	ADP
ftr-433	705	24	that	that	DET
ftr-433	705	25	asset	asset	NOUN
ftr-433	705	26	.	.	PUNCT
ftr-433	706	1	after	after	SCONJ
ftr-433	706	2	the	the	DET
ftr-433	706	3	investment	investment	NOUN
ftr-433	706	4	is	be	AUX
ftr-433	706	5	accounted	account	VERB
ftr-433	706	6	for	for	ADP
ftr-433	706	7	as	as	ADP
ftr-433	706	8	a	a	DET
ftr-433	706	9	tax	tax	NOUN
ftr-433	706	10	base	base	NOUN
ftr-433	706	11	reduction	reduction	NOUN
ftr-433	706	12	,	,	PUNCT
ftr-433	706	13	no	no	DET
ftr-433	706	14	further	further	ADJ
ftr-433	706	15	tax	tax	NOUN
ftr-433	706	16	base	base	NOUN
ftr-433	706	17	structural	structural	ADJ
ftr-433	706	18	or	or	CCONJ
ftr-433	706	19	accounting	accounting	NOUN
ftr-433	706	20	significance	significance	NOUN
ftr-433	706	21	is	be	AUX
ftr-433	706	22	given	give	VERB
ftr-433	706	23	to	to	ADP
ftr-433	706	24	that	that	DET
ftr-433	706	25	asset	asset	NOUN
ftr-433	706	26	.	.	PUNCT
ftr-433	707	1	its	its	PRON
ftr-433	707	2	value	value	NOUN
ftr-433	707	3	is	be	AUX
ftr-433	707	4	not	not	PART
ftr-433	707	5	accounted	account	VERB
ftr-433	707	6	for	for	ADP
ftr-433	707	7	periodically	periodically	ADV
ftr-433	707	8	,	,	PUNCT
ftr-433	707	9	as	as	ADP
ftr-433	707	10	in	in	ADP
ftr-433	707	11	an	an	DET
ftr-433	707	12	amit	amit	NOUN
ftr-433	707	13	base	base	NOUN
ftr-433	707	14	,	,	PUNCT
ftr-433	707	15	and	and	CCONJ
ftr-433	707	16	its	its	PRON
ftr-433	707	17	original	original	ADJ
ftr-433	707	18	cost	cost	NOUN
ftr-433	707	19	and	and	CCONJ
ftr-433	707	20	value	value	NOUN
ftr-433	707	21	become	become	VERB
ftr-433	707	22	irrelevant	irrelevant	ADJ
ftr-433	707	23	.	.	PUNCT
ftr-433	708	1	if	if	SCONJ
ftr-433	708	2	an	an	DET
ftr-433	708	3	asset	asset	NOUN
ftr-433	708	4	is	be	AUX
ftr-433	708	5	disposed	dispose	VERB
ftr-433	708	6	of	of	ADP
ftr-433	708	7	for	for	ADP
ftr-433	708	8	value	value	NOUN
ftr-433	708	9	,	,	PUNCT
ftr-433	708	10	the	the	DET
ftr-433	708	11	entire	entire	ADJ
ftr-433	708	12	amount	amount	NOUN
ftr-433	708	13	received	receive	VERB
ftr-433	708	14	for	for	ADP
ftr-433	708	15	the	the	DET
ftr-433	708	16	asset	asset	NOUN
ftr-433	708	17	is	be	AUX
ftr-433	708	18	included	include	VERB
ftr-433	708	19	in	in	ADP
ftr-433	708	20	the	the	DET
ftr-433	708	21	tax	tax	NOUN
ftr-433	708	22	base	base	NOUN
ftr-433	708	23	for	for	ADP
ftr-433	708	24	that	that	DET
ftr-433	708	25	taxable	taxable	ADJ
ftr-433	708	26	period	period	NOUN
ftr-433	708	27	unless	unless	SCONJ
ftr-433	708	28	and	and	CCONJ
ftr-433	708	29	to	to	ADP
ftr-433	708	30	the	the	DET
ftr-433	708	31	extent	extent	NOUN
ftr-433	708	32	the	the	DET
ftr-433	708	33	disposition	disposition	NOUN
ftr-433	708	34	proceeds	proceed	NOUN
ftr-433	708	35	are	be	AUX
ftr-433	708	36	reinvested	reinveste	VERB
ftr-433	708	37	.	.	PUNCT
ftr-433	709	1	498	498	NUM
ftr-433	709	2	florida	florida	PROPN
ftr-433	709	3	tax	tax	NOUN
ftr-433	709	4	review	review	NOUN
ftr-433	710	1	[	[	X
ftr-433	710	2	vol	vol	NOUN
ftr-433	710	3	.	.	PUNCT
ftr-433	710	4	5:7	5:7	NUM
ftr-433	710	5	103	103	NUM
ftr-433	710	6	.	.	PUNCT
ftr-433	711	1	in	in	ADP
ftr-433	711	2	addition	addition	NOUN
ftr-433	711	3	to	to	ADP
ftr-433	711	4	the	the	DET
ftr-433	711	5	realization	realization	NOUN
ftr-433	711	6	requirement	requirement	NOUN
ftr-433	711	7	that	that	PRON
ftr-433	711	8	is	be	AUX
ftr-433	711	9	applied	apply	VERB
ftr-433	711	10	to	to	ADP
ftr-433	711	11	the	the	DET
ftr-433	711	12	dw	dw	PROPN
ftr-433	711	13	element	element	NOUN
ftr-433	711	14	in	in	ADP
ftr-433	711	15	a	a	DET
ftr-433	711	16	rbit	rbit	NOUN
ftr-433	711	17	base	base	NOUN
ftr-433	711	18	formula	formula	NOUN
ftr-433	711	19	,	,	PUNCT
ftr-433	711	20	the	the	DET
ftr-433	711	21	historical	historical	ADJ
ftr-433	711	22	non	non	NOUN
ftr-433	711	23	-	-	NOUN
ftr-433	711	24	taxation	taxation	NOUN
ftr-433	711	25	of	of	ADP
ftr-433	711	26	imputed	imputed	ADJ
ftr-433	711	27	income	income	NOUN
ftr-433	711	28	from	from	ADP
ftr-433	711	29	consumption	consumption	NOUN
ftr-433	711	30	of	of	ADP
ftr-433	711	31	taxpayer	taxpayer	NOUN
ftr-433	711	32	-	-	PUNCT
ftr-433	711	33	owned	own	VERB
ftr-433	711	34	assets	asset	NOUN
ftr-433	711	35	or	or	CCONJ
ftr-433	711	36	self	self	NOUN
ftr-433	711	37	-	-	PUNCT
ftr-433	711	38	provided	provide	VERB
ftr-433	711	39	services	service	NOUN
ftr-433	711	40	in	in	ADP
ftr-433	711	41	the	the	DET
ftr-433	711	42	u.s	u.s	PROPN
ftr-433	711	43	.	.	PROPN
ftr-433	711	44	rbit	rbit	PROPN
ftr-433	711	45	implies	imply	VERB
ftr-433	711	46	that	that	SCONJ
ftr-433	711	47	a	a	DET
ftr-433	711	48	realization	realization	NOUN
ftr-433	711	49	requirement	requirement	NOUN
ftr-433	711	50	applies	apply	VERB
ftr-433	711	51	to	to	ADP
ftr-433	711	52	the	the	DET
ftr-433	711	53	consumption	consumption	NOUN
ftr-433	711	54	element	element	NOUN
ftr-433	711	55	as	as	ADV
ftr-433	711	56	well	well	ADV
ftr-433	711	57	.	.	PUNCT
ftr-433	712	1	e.g.	e.g.	ADV
ftr-433	712	2	,	,	PUNCT
ftr-433	712	3	thomas	thomas	PROPN
ftr-433	712	4	chancellor	chancellor	PROPN
ftr-433	712	5	,	,	PUNCT
ftr-433	712	6	imputed	impute	VERB
ftr-433	712	7	income	income	NOUN
ftr-433	712	8	and	and	CCONJ
ftr-433	712	9	the	the	DET
ftr-433	712	10	ideal	ideal	ADJ
ftr-433	712	11	income	income	NOUN
ftr-433	712	12	tax	tax	NOUN
ftr-433	712	13	,	,	PUNCT
ftr-433	712	14	67	67	NUM
ftr-433	712	15	or	or	CCONJ
ftr-433	712	16	.	.	PUNCT
ftr-433	713	1	l.	l.	PROPN
ftr-433	713	2	rev	rev	PROPN
ftr-433	713	3	.	.	PROPN
ftr-433	714	1	561	561	NUM
ftr-433	714	2	(	(	PUNCT
ftr-433	714	3	1988	1988	NUM
ftr-433	714	4	)	)	PUNCT
ftr-433	715	1	;	;	PUNCT
ftr-433	715	2	richard	richard	PROPN
ftr-433	715	3	goode	goode	PROPN
ftr-433	715	4	,	,	PUNCT
ftr-433	715	5	imputed	impute	VERB
ftr-433	715	6	rent	rent	NOUN
ftr-433	715	7	of	of	ADP
ftr-433	715	8	owner	owner	NOUN
ftr-433	715	9	-	-	PUNCT
ftr-433	715	10	occupied	occupy	VERB
ftr-433	715	11	dwellings	dwelling	NOUN
ftr-433	715	12	under	under	ADP
ftr-433	715	13	the	the	DET
ftr-433	715	14	income	income	NOUN
ftr-433	715	15	tax	tax	NOUN
ftr-433	715	16	,	,	PUNCT
ftr-433	715	17	15	15	NUM
ftr-433	715	18	j.	j.	PROPN
ftr-433	715	19	fin	fin	PROPN
ftr-433	715	20	.	.	PUNCT
ftr-433	716	1	504	504	NUM
ftr-433	716	2	(	(	PUNCT
ftr-433	716	3	1960	1960	NUM
ftr-433	716	4	)	)	PUNCT
ftr-433	716	5	.	.	PUNCT
ftr-433	717	1	104	104	NUM
ftr-433	717	2	.	.	PUNCT
ftr-433	718	1	cf	cf	AUX
ftr-433	718	2	.	.	PUNCT
ftr-433	718	3	,	,	PUNCT
ftr-433	718	4	edward	edward	PROPN
ftr-433	718	5	a.	a.	NOUN
ftr-433	718	6	zelinsky	zelinsky	PROPN
ftr-433	718	7	,	,	PUNCT
ftr-433	718	8	for	for	ADP
ftr-433	718	9	realization	realization	NOUN
ftr-433	718	10	:	:	PUNCT
ftr-433	718	11	income	income	NOUN
ftr-433	718	12	taxation	taxation	NOUN
ftr-433	718	13	,	,	PUNCT
ftr-433	718	14	sectoral	sectoral	ADJ
ftr-433	718	15	accretionism	accretionism	NOUN
ftr-433	718	16	,	,	PUNCT
ftr-433	718	17	and	and	CCONJ
ftr-433	718	18	the	the	DET
ftr-433	718	19	virtue	virtue	NOUN
ftr-433	718	20	of	of	ADP
ftr-433	718	21	attainable	attainable	ADJ
ftr-433	718	22	virtues	virtue	NOUN
ftr-433	718	23	,	,	PUNCT
ftr-433	718	24	19	19	NUM
ftr-433	718	25	cardozo	cardozo	PROPN
ftr-433	718	26	l.	l.	PROPN
ftr-433	718	27	rev	rev	PROPN
ftr-433	718	28	.	.	PROPN
ftr-433	718	29	861	861	NUM
ftr-433	718	30	(	(	PUNCT
ftr-433	718	31	1997	1997	NUM
ftr-433	718	32	)	)	PUNCT
ftr-433	718	33	,	,	PUNCT
ftr-433	718	34	and	and	CCONJ
ftr-433	718	35	david	david	PROPN
ftr-433	718	36	j.	j.	PROPN
ftr-433	718	37	shakow	shakow	PROPN
ftr-433	718	38	,	,	PUNCT
ftr-433	718	39	taxation	taxation	NOUN
ftr-433	718	40	without	without	ADP
ftr-433	718	41	realization	realization	NOUN
ftr-433	718	42	:	:	PUNCT
ftr-433	718	43	a	a	DET
ftr-433	718	44	proposal	proposal	NOUN
ftr-433	718	45	for	for	ADP
ftr-433	718	46	accrual	accrual	ADJ
ftr-433	718	47	taxation	taxation	NOUN
ftr-433	718	48	,	,	PUNCT
ftr-433	719	1	134	134	NUM
ftr-433	719	2	u.	u.	NOUN
ftr-433	719	3	pa	pa	PROPN
ftr-433	719	4	.	.	PUNCT
ftr-433	719	5	l.	l.	PROPN
ftr-433	719	6	rev	rev	PROPN
ftr-433	719	7	.	.	PROPN
ftr-433	719	8	1111	1111	NUM
ftr-433	719	9	(	(	PUNCT
ftr-433	719	10	1986	1986	NUM
ftr-433	719	11	)	)	PUNCT
ftr-433	719	12	.	.	PUNCT
ftr-433	720	1	because	because	SCONJ
ftr-433	720	2	the	the	DET
ftr-433	720	3	source	source	NOUN
ftr-433	720	4	of	of	ADP
ftr-433	720	5	investment	investment	NOUN
ftr-433	720	6	is	be	AUX
ftr-433	720	7	not	not	PART
ftr-433	720	8	taxed	tax	VERB
ftr-433	720	9	in	in	ADP
ftr-433	720	10	this	this	DET
ftr-433	720	11	type	type	NOUN
ftr-433	720	12	of	of	ADP
ftr-433	720	13	cfit	cfit	NOUN
ftr-433	720	14	base	base	NOUN
ftr-433	720	15	,	,	PUNCT
ftr-433	720	16	the	the	DET
ftr-433	720	17	maximum	maximum	ADJ
ftr-433	720	18	amount	amount	NOUN
ftr-433	720	19	of	of	ADP
ftr-433	720	20	earnings	earning	NOUN
ftr-433	720	21	that	that	PRON
ftr-433	720	22	can	can	AUX
ftr-433	720	23	be	be	AUX
ftr-433	720	24	invested	invest	VERB
ftr-433	720	25	in	in	ADP
ftr-433	720	26	a	a	DET
ftr-433	720	27	cfit	cfit	NOUN
ftr-433	720	28	base	base	NOUN
ftr-433	720	29	is	be	AUX
ftr-433	720	30	greater	great	ADJ
ftr-433	720	31	than	than	ADP
ftr-433	720	32	the	the	DET
ftr-433	720	33	maximum	maximum	ADJ
ftr-433	720	34	amount	amount	NOUN
ftr-433	720	35	that	that	PRON
ftr-433	720	36	can	can	AUX
ftr-433	720	37	be	be	AUX
ftr-433	720	38	invested	invest	VERB
ftr-433	720	39	in	in	ADP
ftr-433	720	40	an	an	DET
ftr-433	720	41	amit	amit	NOUN
ftr-433	720	42	base	base	NOUN
ftr-433	720	43	.	.	PUNCT
ftr-433	721	1	the	the	DET
ftr-433	721	2	wellknown	wellknown	ADJ
ftr-433	721	3	ratio	ratio	NOUN
ftr-433	721	4	between	between	ADP
ftr-433	721	5	the	the	DET
ftr-433	721	6	maximum	maximum	ADJ
ftr-433	721	7	amounts	amount	NOUN
ftr-433	721	8	of	of	ADP
ftr-433	721	9	investment	investment	NOUN
ftr-433	721	10	in	in	ADP
ftr-433	721	11	an	an	DET
ftr-433	721	12	amit	amit	NOUN
ftr-433	721	13	and	and	CCONJ
ftr-433	721	14	a	a	DET
ftr-433	721	15	cfit	cfit	NOUN
ftr-433	721	16	base	base	NOUN
ftr-433	721	17	,	,	PUNCT
ftr-433	721	18	respectively	respectively	ADV
ftr-433	721	19	,	,	PUNCT
ftr-433	721	20	given	give	VERB
ftr-433	721	21	the	the	DET
ftr-433	721	22	same	same	ADJ
ftr-433	721	23	amount	amount	NOUN
ftr-433	721	24	of	of	ADP
ftr-433	721	25	earnings	earning	NOUN
ftr-433	721	26	,	,	PUNCT
ftr-433	721	27	is	be	AUX
ftr-433	721	28	expressed	express	VERB
ftr-433	721	29	as	as	ADP
ftr-433	721	30	amit	amit	PROPN
ftr-433	721	31	investment	investment	NOUN
ftr-433	721	32	x	x	SYM
ftr-433	721	33	1/1	1/1	NUM
ftr-433	721	34	-	-	PUNCT
ftr-433	721	35	t	t	NOUN
ftr-433	721	36	=	=	PUNCT
ftr-433	721	37	cfit	cfit	NOUN
ftr-433	721	38	investment	investment	NOUN
ftr-433	721	39	,	,	PUNCT
ftr-433	721	40	where	where	SCONJ
ftr-433	721	41	t	t	PROPN
ftr-433	721	42	,	,	PUNCT
ftr-433	721	43	the	the	DET
ftr-433	721	44	tax	tax	NOUN
ftr-433	721	45	rate	rate	NOUN
ftr-433	721	46	,	,	PUNCT
ftr-433	721	47	is	be	AUX
ftr-433	721	48	the	the	DET
ftr-433	721	49	same	same	ADJ
ftr-433	721	50	in	in	ADP
ftr-433	721	51	both	both	DET
ftr-433	721	52	tax	tax	NOUN
ftr-433	721	53	bases	basis	NOUN
ftr-433	721	54	.	.	PUNCT
ftr-433	722	1	for	for	ADP
ftr-433	722	2	example	example	NOUN
ftr-433	722	3	,	,	PUNCT
ftr-433	722	4	given	give	VERB
ftr-433	722	5	$	$	SYM
ftr-433	722	6	200	200	NUM
ftr-433	722	7	of	of	ADP
ftr-433	722	8	earnings	earning	NOUN
ftr-433	722	9	in	in	ADP
ftr-433	722	10	a	a	DET
ftr-433	722	11	taxable	taxable	ADJ
ftr-433	722	12	period	period	NOUN
ftr-433	722	13	,	,	PUNCT
ftr-433	722	14	an	an	DET
ftr-433	722	15	amit	amit	NOUN
ftr-433	722	16	investor	investor	NOUN
ftr-433	722	17	,	,	PUNCT
ftr-433	722	18	as	as	SCONJ
ftr-433	722	19	noted	note	VERB
ftr-433	722	20	above	above	ADV
ftr-433	722	21	,	,	PUNCT
ftr-433	722	22	can	can	AUX
ftr-433	722	23	invest	invest	VERB
ftr-433	722	24	a	a	DET
ftr-433	722	25	maximum	maximum	NOUN
ftr-433	722	26	of	of	ADP
ftr-433	722	27	$	$	SYM
ftr-433	722	28	100	100	NUM
ftr-433	722	29	after	after	SCONJ
ftr-433	722	30	all	all	PRON
ftr-433	722	31	$	$	SYM
ftr-433	722	32	200	200	NUM
ftr-433	722	33	of	of	ADP
ftr-433	722	34	earnings	earning	NOUN
ftr-433	722	35	are	be	AUX
ftr-433	722	36	taxed	tax	VERB
ftr-433	722	37	because	because	SCONJ
ftr-433	722	38	the	the	DET
ftr-433	722	39	tax	tax	NOUN
ftr-433	722	40	base	base	NOUN
ftr-433	722	41	equals	equal	VERB
ftr-433	722	42	consumption	consumption	NOUN
ftr-433	722	43	+	+	CCONJ
ftr-433	722	44	dw	dw	NOUN
ftr-433	722	45	,	,	PUNCT
ftr-433	722	46	and	and	CCONJ
ftr-433	722	47	the	the	DET
ftr-433	722	48	earnings	earning	NOUN
ftr-433	722	49	constitute	constitute	VERB
ftr-433	722	50	an	an	DET
ftr-433	722	51	increase	increase	NOUN
ftr-433	722	52	in	in	ADP
ftr-433	722	53	wealth	wealth	NOUN
ftr-433	722	54	.	.	PUNCT
ftr-433	723	1	a	a	DET
ftr-433	723	2	cfit	cfit	ADJ
ftr-433	723	3	investor	investor	NOUN
ftr-433	723	4	on	on	ADP
ftr-433	723	5	the	the	DET
ftr-433	723	6	other	other	ADJ
ftr-433	723	7	hand	hand	NOUN
ftr-433	723	8	can	can	AUX
ftr-433	723	9	invest	invest	VERB
ftr-433	723	10	the	the	DET
ftr-433	723	11	entire	entire	ADJ
ftr-433	723	12	amount	amount	NOUN
ftr-433	723	13	of	of	ADP
ftr-433	723	14	earnings	earning	NOUN
ftr-433	723	15	and	and	CCONJ
ftr-433	723	16	owe	owe	VERB
ftr-433	723	17	no	no	DET
ftr-433	723	18	tax	tax	NOUN
ftr-433	723	19	because	because	SCONJ
ftr-433	723	20	the	the	DET
ftr-433	723	21	tax	tax	NOUN
ftr-433	723	22	base	base	NOUN
ftr-433	723	23	equals	equal	VERB
ftr-433	723	24	earnings	earning	NOUN
ftr-433	723	25	–	–	PUNCT
ftr-433	723	26	investment	investment	NOUN
ftr-433	723	27	.	.	PUNCT
ftr-433	724	1	thus	thus	ADV
ftr-433	724	2	the	the	DET
ftr-433	724	3	maximum	maximum	PROPN
ftr-433	724	4	amit	amit	PROPN
ftr-433	724	5	base	base	PROPN
ftr-433	724	6	investment	investment	NOUN
ftr-433	724	7	(	(	PUNCT
ftr-433	724	8	$	$	SYM
ftr-433	724	9	100	100	NUM
ftr-433	724	10	)	)	PUNCT
ftr-433	724	11	x	x	PUNCT
ftr-433	724	12	1/1	1/1	NUM
ftr-433	724	13	-	-	PUNCT
ftr-433	724	14	t	t	NOUN
ftr-433	724	15	(	(	PUNCT
ftr-433	724	16	1/.5	1/.5	NUM
ftr-433	724	17	)	)	PUNCT
ftr-433	724	18	equals	equal	VERB
ftr-433	724	19	the	the	DET
ftr-433	724	20	maximum	maximum	ADJ
ftr-433	724	21	cfit	cfit	NOUN
ftr-433	724	22	base	base	NOUN
ftr-433	724	23	investment	investment	NOUN
ftr-433	724	24	(	(	PUNCT
ftr-433	724	25	$	$	SYM
ftr-433	724	26	200	200	NUM
ftr-433	724	27	)	)	PUNCT
ftr-433	724	28	.	.	PUNCT
ftr-433	725	1	c.	c.	PROPN
ftr-433	725	2	realization	realization	NOUN
ftr-433	725	3	-	-	PUNCT
ftr-433	725	4	based	base	VERB
ftr-433	725	5	income	income	NOUN
ftr-433	725	6	tax	tax	NOUN
ftr-433	725	7	(	(	PUNCT
ftr-433	725	8	rbit	rbit	NOUN
ftr-433	725	9	)	)	PUNCT
ftr-433	725	10	1	1	NUM
ftr-433	725	11	.	.	PUNCT
ftr-433	725	12	general	general	ADJ
ftr-433	725	13	tax	tax	NOUN
ftr-433	725	14	base	base	NOUN
ftr-433	725	15	principles.—the	principles.—the	DET
ftr-433	725	16	basic	basic	ADJ
ftr-433	725	17	formula	formula	NOUN
ftr-433	725	18	for	for	ADP
ftr-433	725	19	a	a	DET
ftr-433	725	20	realizationbased	realizationbase	VERB
ftr-433	725	21	income	income	NOUN
ftr-433	725	22	tax	tax	NOUN
ftr-433	725	23	is	be	AUX
ftr-433	725	24	identical	identical	ADJ
ftr-433	725	25	to	to	ADP
ftr-433	725	26	that	that	PRON
ftr-433	725	27	of	of	ADP
ftr-433	725	28	an	an	DET
ftr-433	725	29	accretion	accretion	NOUN
ftr-433	725	30	-	-	PUNCT
ftr-433	725	31	measured	measure	VERB
ftr-433	725	32	income	income	NOUN
ftr-433	725	33	tax	tax	NOUN
ftr-433	725	34	except	except	SCONJ
ftr-433	725	35	that	that	SCONJ
ftr-433	725	36	both	both	DET
ftr-433	725	37	consumption	consumption	NOUN
ftr-433	725	38	and	and	CCONJ
ftr-433	725	39	dw	dw	NOUN
ftr-433	725	40	must	must	AUX
ftr-433	725	41	be	be	AUX
ftr-433	725	42	realized	realize	VERB
ftr-433	725	43	in	in	ADP
ftr-433	725	44	order	order	NOUN
ftr-433	725	45	to	to	PART
ftr-433	725	46	enter	enter	VERB
ftr-433	725	47	the	the	DET
ftr-433	725	48	tax	tax	NOUN
ftr-433	725	49	rbase	rbase	NOUN
ftr-433	725	50	.	.	PUNCT
ftr-433	726	1	in	in	ADP
ftr-433	726	2	formula	formula	NOUN
ftr-433	726	3	1	1	NUM
ftr-433	726	4	below	below	ADV
ftr-433	726	5	,	,	PUNCT
ftr-433	726	6	represents	represent	VERB
ftr-433	726	7	the	the	DET
ftr-433	726	8	realization	realization	NOUN
ftr-433	726	9	requirement.103	requirement.103	NOUN
ftr-433	726	10	r	r	NOUN
ftr-433	726	11	r	r	NOUN
ftr-433	726	12	rformula	rformula	NOUN
ftr-433	726	13	1	1	NUM
ftr-433	726	14	:	:	PUNCT
ftr-433	727	1	i	i	PRON
ftr-433	727	2	=	=	PUNCT
ftr-433	727	3	c	c	PROPN
ftr-433	728	1	+	+	CCONJ
ftr-433	728	2	dw	dw	NOUN
ftr-433	728	3	realization	realization	NOUN
ftr-433	728	4	basically	basically	ADV
ftr-433	728	5	refers	refer	VERB
ftr-433	728	6	to	to	ADP
ftr-433	728	7	the	the	DET
ftr-433	728	8	tangible	tangible	ADJ
ftr-433	728	9	receipt	receipt	NOUN
ftr-433	728	10	of	of	ADP
ftr-433	728	11	wealth	wealth	NOUN
ftr-433	728	12	or	or	CCONJ
ftr-433	728	13	consumption	consumption	NOUN
ftr-433	728	14	rather	rather	ADV
ftr-433	728	15	than	than	ADP
ftr-433	728	16	a	a	DET
ftr-433	728	17	mere	mere	ADJ
ftr-433	728	18	increase	increase	NOUN
ftr-433	728	19	in	in	ADP
ftr-433	728	20	the	the	DET
ftr-433	728	21	value	value	NOUN
ftr-433	728	22	of	of	ADP
ftr-433	728	23	those	those	DET
ftr-433	728	24	items	item	NOUN
ftr-433	728	25	.	.	PUNCT
ftr-433	729	1	realized	realize	VERB
ftr-433	729	2	changes	change	NOUN
ftr-433	729	3	of	of	ADP
ftr-433	729	4	wealth	wealth	NOUN
ftr-433	729	5	are	be	AUX
ftr-433	729	6	usually	usually	ADV
ftr-433	729	7	evidenced	evidence	VERB
ftr-433	729	8	by	by	ADP
ftr-433	729	9	a	a	DET
ftr-433	729	10	conversion	conversion	NOUN
ftr-433	729	11	of	of	ADP
ftr-433	729	12	an	an	DET
ftr-433	729	13	asset	asset	NOUN
ftr-433	729	14	into	into	ADP
ftr-433	729	15	money	money	NOUN
ftr-433	729	16	or	or	CCONJ
ftr-433	729	17	other	other	ADJ
ftr-433	729	18	property	property	NOUN
ftr-433	729	19	differing	differ	VERB
ftr-433	729	20	materially	materially	ADV
ftr-433	729	21	in	in	ADP
ftr-433	729	22	kind	kind	NOUN
ftr-433	729	23	or	or	CCONJ
ftr-433	729	24	extent	extent	NOUN
ftr-433	729	25	from	from	ADP
ftr-433	729	26	the	the	DET
ftr-433	729	27	asset	asset	NOUN
ftr-433	729	28	itself	itself	PRON
ftr-433	729	29	.	.	PUNCT
ftr-433	730	1	the	the	DET
ftr-433	730	2	reasons	reason	NOUN
ftr-433	730	3	usually	usually	ADV
ftr-433	730	4	given	give	VERB
ftr-433	730	5	for	for	ADP
ftr-433	730	6	the	the	DET
ftr-433	730	7	realization	realization	NOUN
ftr-433	730	8	requirement	requirement	NOUN
ftr-433	730	9	are	be	AUX
ftr-433	730	10	founded	found	VERB
ftr-433	730	11	in	in	ADP
ftr-433	730	12	tax	tax	NOUN
ftr-433	730	13	policy	policy	NOUN
ftr-433	730	14	and	and	CCONJ
ftr-433	730	15	administration	administration	NOUN
ftr-433	730	16	concerns	concern	NOUN
ftr-433	730	17	.	.	PUNCT
ftr-433	731	1	the	the	DET
ftr-433	731	2	reasons	reason	NOUN
ftr-433	731	3	most	most	ADV
ftr-433	731	4	frequently	frequently	ADV
ftr-433	731	5	mentioned	mention	VERB
ftr-433	731	6	include	include	VERB
ftr-433	731	7	:	:	PUNCT
ftr-433	731	8	(	(	PUNCT
ftr-433	731	9	1	1	X
ftr-433	731	10	)	)	PUNCT
ftr-433	731	11	the	the	DET
ftr-433	731	12	cost	cost	NOUN
ftr-433	731	13	and	and	CCONJ
ftr-433	731	14	difficulty	difficulty	NOUN
ftr-433	731	15	of	of	ADP
ftr-433	731	16	performing	perform	VERB
ftr-433	731	17	and	and	CCONJ
ftr-433	731	18	resolving	resolve	VERB
ftr-433	731	19	disputes	dispute	NOUN
ftr-433	731	20	over	over	ADP
ftr-433	731	21	annual	annual	ADJ
ftr-433	731	22	valuations	valuation	NOUN
ftr-433	731	23	of	of	ADP
ftr-433	731	24	each	each	DET
ftr-433	731	25	taxpayer	taxpayer	NOUN
ftr-433	731	26	’s	’s	PART
ftr-433	731	27	complete	complete	ADJ
ftr-433	731	28	portfolio	portfolio	NOUN
ftr-433	731	29	;	;	PUNCT
ftr-433	731	30	and	and	CCONJ
ftr-433	731	31	(	(	PUNCT
ftr-433	731	32	2	2	X
ftr-433	731	33	)	)	PUNCT
ftr-433	731	34	the	the	DET
ftr-433	731	35	possibility	possibility	NOUN
ftr-433	731	36	that	that	SCONJ
ftr-433	731	37	taxpayers	taxpayer	NOUN
ftr-433	731	38	might	might	AUX
ftr-433	731	39	lack	lack	VERB
ftr-433	731	40	the	the	DET
ftr-433	731	41	ability	ability	NOUN
ftr-433	731	42	to	to	PART
ftr-433	731	43	pay	pay	VERB
ftr-433	731	44	tax	tax	NOUN
ftr-433	731	45	on	on	ADP
ftr-433	731	46	accrued	accrue	VERB
ftr-433	731	47	increases	increase	NOUN
ftr-433	731	48	in	in	ADP
ftr-433	731	49	value	value	NOUN
ftr-433	731	50	without	without	ADP
ftr-433	731	51	being	be	AUX
ftr-433	731	52	forced	force	VERB
ftr-433	731	53	to	to	PART
ftr-433	731	54	partially	partially	ADV
ftr-433	731	55	liquidate	liquidate	VERB
ftr-433	731	56	their	their	PRON
ftr-433	731	57	portfolios	portfolio	NOUN
ftr-433	731	58	.	.	PUNCT
ftr-433	732	1	the	the	DET
ftr-433	732	2	realization	realization	NOUN
ftr-433	732	3	requirement104	requirement104	PROPN
ftr-433	732	4	2002	2002	NUM
ftr-433	732	5	]	]	PUNCT
ftr-433	732	6	normative	normative	ADJ
ftr-433	732	7	capital	capital	NOUN
ftr-433	732	8	cost	cost	NOUN
ftr-433	732	9	recovery	recovery	NOUN
ftr-433	732	10	499	499	NUM
ftr-433	732	11	105	105	NUM
ftr-433	732	12	.	.	PUNCT
ftr-433	733	1	“	"	PUNCT
ftr-433	733	2	[	[	X
ftr-433	733	3	o]ne	o]ne	NOUN
ftr-433	733	4	does	do	AUX
ftr-433	733	5	not	not	PART
ftr-433	733	6	subject	subject	VERB
ftr-433	733	7	himself	himself	PRON
ftr-433	733	8	to	to	PART
ftr-433	733	9	income	income	VERB
ftr-433	733	10	tax	tax	NOUN
ftr-433	733	11	by	by	ADP
ftr-433	733	12	the	the	DET
ftr-433	733	13	mere	mere	ADJ
ftr-433	733	14	purchase	purchase	NOUN
ftr-433	733	15	of	of	ADP
ftr-433	733	16	property	property	NOUN
ftr-433	733	17	,	,	PUNCT
ftr-433	733	18	even	even	ADV
ftr-433	733	19	if	if	SCONJ
ftr-433	733	20	at	at	ADP
ftr-433	733	21	less	less	ADJ
ftr-433	733	22	than	than	ADP
ftr-433	733	23	its	its	PRON
ftr-433	733	24	true	true	ADJ
ftr-433	733	25	value	value	NOUN
ftr-433	733	26	,	,	PUNCT
ftr-433	733	27	and	and	CCONJ
ftr-433	733	28	that	that	SCONJ
ftr-433	733	29	taxable	taxable	ADJ
ftr-433	733	30	gain	gain	NOUN
ftr-433	733	31	does	do	AUX
ftr-433	733	32	not	not	PART
ftr-433	733	33	accrue	accrue	VERB
ftr-433	733	34	to	to	ADP
ftr-433	733	35	him	he	PRON
ftr-433	733	36	before	before	SCONJ
ftr-433	733	37	he	he	PRON
ftr-433	733	38	sells	sell	VERB
ftr-433	733	39	or	or	CCONJ
ftr-433	733	40	otherwise	otherwise	ADV
ftr-433	733	41	disposes	dispose	VERB
ftr-433	733	42	of	of	ADP
ftr-433	733	43	it	it	PRON
ftr-433	733	44	.	.	PUNCT
ftr-433	733	45	”	"	PUNCT
ftr-433	734	1	palmer	palmer	PROPN
ftr-433	734	2	v.	v.	PROPN
ftr-433	734	3	commissioner	commissioner	PROPN
ftr-433	734	4	,	,	PUNCT
ftr-433	734	5	302	302	NUM
ftr-433	734	6	u.s	u.s	PROPN
ftr-433	734	7	.	.	PROPN
ftr-433	734	8	63	63	NUM
ftr-433	734	9	,	,	PUNCT
ftr-433	734	10	69	69	NUM
ftr-433	734	11	(	(	PUNCT
ftr-433	734	12	1937	1937	NUM
ftr-433	734	13	)	)	PUNCT
ftr-433	734	14	.	.	PUNCT
ftr-433	735	1	exceptions	exception	NOUN
ftr-433	735	2	exist	exist	VERB
ftr-433	735	3	under	under	ADP
ftr-433	735	4	the	the	DET
ftr-433	735	5	u.s	u.s	PROPN
ftr-433	735	6	.	.	PROPN
ftr-433	735	7	income	income	NOUN
ftr-433	735	8	tax	tax	NOUN
ftr-433	735	9	.	.	PUNCT
ftr-433	736	1	for	for	ADP
ftr-433	736	2	example	example	NOUN
ftr-433	736	3	,	,	PUNCT
ftr-433	736	4	in	in	ADP
ftr-433	736	5	the	the	DET
ftr-433	736	6	compensatory	compensatory	ADJ
ftr-433	736	7	context	context	NOUN
ftr-433	736	8	,	,	PUNCT
ftr-433	736	9	the	the	DET
ftr-433	736	10	bargain	bargain	NOUN
ftr-433	736	11	element	element	NOUN
ftr-433	736	12	of	of	ADP
ftr-433	736	13	a	a	DET
ftr-433	736	14	purchase	purchase	NOUN
ftr-433	736	15	has	have	AUX
ftr-433	736	16	been	be	AUX
ftr-433	736	17	traditionally	traditionally	ADV
ftr-433	736	18	taxed	tax	VERB
ftr-433	736	19	to	to	ADP
ftr-433	736	20	the	the	DET
ftr-433	736	21	purchaser	purchaser	NOUN
ftr-433	736	22	.	.	PUNCT
ftr-433	737	1	see	see	VERB
ftr-433	737	2	regs	reg	NOUN
ftr-433	737	3	.	.	PUNCT
ftr-433	738	1	§	§	PROPN
ftr-433	738	2	1.61	1.61	NUM
ftr-433	738	3	-	-	NUM
ftr-433	738	4	2(d	2(d	NUM
ftr-433	738	5	)	)	PUNCT
ftr-433	738	6	.	.	PUNCT
ftr-433	739	1	106	106	NUM
ftr-433	739	2	.	.	PUNCT
ftr-433	740	1	exceptions	exception	NOUN
ftr-433	740	2	exist	exist	VERB
ftr-433	740	3	here	here	ADV
ftr-433	740	4	,	,	PUNCT
ftr-433	740	5	too	too	ADV
ftr-433	740	6	.	.	PUNCT
ftr-433	741	1	see	see	VERB
ftr-433	741	2	supra	supra	PROPN
ftr-433	741	3	note	note	PROPN
ftr-433	741	4	6	6	NUM
ftr-433	741	5	and	and	CCONJ
ftr-433	741	6	accompanying	accompany	VERB
ftr-433	741	7	text	text	NOUN
ftr-433	741	8	.	.	PUNCT
ftr-433	742	1	107	107	NUM
ftr-433	742	2	.	.	PUNCT
ftr-433	743	1	in	in	ADP
ftr-433	743	2	part	part	NOUN
ftr-433	743	3	iv	iv	NUM
ftr-433	743	4	.	.	PROPN
ftr-433	743	5	,	,	PUNCT
ftr-433	743	6	this	this	DET
ftr-433	743	7	article	article	NOUN
ftr-433	743	8	shows	show	VERB
ftr-433	743	9	that	that	SCONJ
ftr-433	743	10	rbit	rbit	NOUN
ftr-433	743	11	base	base	NOUN
ftr-433	743	12	investment	investment	NOUN
ftr-433	743	13	may	may	AUX
ftr-433	743	14	come	come	VERB
ftr-433	743	15	from	from	ADP
ftr-433	743	16	pre	pre	ADJ
ftr-433	743	17	-	-	ADJ
ftr-433	743	18	tax	tax	ADJ
ftr-433	743	19	dollars	dollar	NOUN
ftr-433	743	20	as	as	ADV
ftr-433	743	21	well	well	ADV
ftr-433	743	22	,	,	PUNCT
ftr-433	743	23	and	and	CCONJ
ftr-433	743	24	explains	explain	VERB
ftr-433	743	25	how	how	SCONJ
ftr-433	743	26	the	the	DET
ftr-433	743	27	threshold	threshold	NOUN
ftr-433	743	28	between	between	ADP
ftr-433	743	29	after	after	ADP
ftr-433	743	30	-	-	PUNCT
ftr-433	743	31	tax	tax	NOUN
ftr-433	743	32	(	(	PUNCT
ftr-433	743	33	or	or	CCONJ
ftr-433	743	34	capital	capital	NOUN
ftr-433	743	35	)	)	PUNCT
ftr-433	743	36	and	and	CCONJ
ftr-433	743	37	pre	pre	ADJ
ftr-433	743	38	-	-	ADJ
ftr-433	743	39	tax	tax	ADJ
ftr-433	743	40	dollar	dollar	NOUN
ftr-433	743	41	investment	investment	NOUN
ftr-433	743	42	varies	vary	VERB
ftr-433	743	43	with	with	ADP
ftr-433	743	44	the	the	DET
ftr-433	743	45	cost	cost	NOUN
ftr-433	743	46	recovery	recovery	NOUN
ftr-433	743	47	method	method	NOUN
ftr-433	743	48	employed	employ	VERB
ftr-433	743	49	and	and	CCONJ
ftr-433	743	50	the	the	DET
ftr-433	743	51	tax	tax	NOUN
ftr-433	743	52	rate	rate	NOUN
ftr-433	743	53	imposed	impose	VERB
ftr-433	743	54	.	.	PUNCT
ftr-433	744	1	ultimately	ultimately	ADV
ftr-433	744	2	,	,	PUNCT
ftr-433	744	3	however	however	ADV
ftr-433	744	4	,	,	PUNCT
ftr-433	744	5	the	the	DET
ftr-433	744	6	comparative	comparative	ADJ
ftr-433	744	7	analysis	analysis	NOUN
ftr-433	744	8	undertaken	undertake	VERB
ftr-433	744	9	by	by	ADP
ftr-433	744	10	this	this	DET
ftr-433	744	11	article	article	NOUN
ftr-433	744	12	is	be	AUX
ftr-433	744	13	confined	confine	VERB
ftr-433	744	14	to	to	ADP
ftr-433	744	15	capital	capital	NOUN
ftr-433	744	16	-	-	PUNCT
ftr-433	744	17	financed	finance	VERB
ftr-433	744	18	investment	investment	NOUN
ftr-433	744	19	.	.	PUNCT
ftr-433	745	1	helps	help	VERB
ftr-433	745	2	to	to	PART
ftr-433	745	3	solve	solve	VERB
ftr-433	745	4	these	these	DET
ftr-433	745	5	problems	problem	NOUN
ftr-433	745	6	by	by	ADP
ftr-433	745	7	providing	provide	VERB
ftr-433	745	8	reliable	reliable	ADJ
ftr-433	745	9	evidence	evidence	NOUN
ftr-433	745	10	of	of	ADP
ftr-433	745	11	value	value	NOUN
ftr-433	745	12	and	and	CCONJ
ftr-433	745	13	causing	cause	VERB
ftr-433	745	14	the	the	DET
ftr-433	745	15	incidence	incidence	NOUN
ftr-433	745	16	of	of	ADP
ftr-433	745	17	taxation	taxation	NOUN
ftr-433	745	18	to	to	PART
ftr-433	745	19	coincide	coincide	VERB
ftr-433	745	20	with	with	ADP
ftr-433	745	21	the	the	DET
ftr-433	745	22	ability	ability	NOUN
ftr-433	745	23	to	to	PART
ftr-433	745	24	pay	pay	VERB
ftr-433	745	25	the	the	DET
ftr-433	745	26	tax	tax	NOUN
ftr-433	745	27	.	.	PUNCT
ftr-433	746	1	although	although	SCONJ
ftr-433	746	2	realization	realization	NOUN
ftr-433	746	3	may	may	AUX
ftr-433	746	4	seem	seem	VERB
ftr-433	746	5	like	like	ADP
ftr-433	746	6	a	a	DET
ftr-433	746	7	mere	mere	ADJ
ftr-433	746	8	tax	tax	NOUN
ftr-433	746	9	base	base	NOUN
ftr-433	746	10	accounting	accounting	NOUN
ftr-433	746	11	convention	convention	NOUN
ftr-433	746	12	,	,	PUNCT
ftr-433	746	13	it	it	PRON
ftr-433	746	14	has	have	VERB
ftr-433	746	15	substantial	substantial	ADJ
ftr-433	746	16	structural	structural	ADJ
ftr-433	746	17	implications	implication	NOUN
ftr-433	746	18	.	.	PUNCT
ftr-433	747	1	unlike	unlike	ADP
ftr-433	747	2	an	an	DET
ftr-433	747	3	amit	amit	NOUN
ftr-433	747	4	base	base	NOUN
ftr-433	747	5	,	,	PUNCT
ftr-433	747	6	any	any	DET
ftr-433	747	7	bargain	bargain	NOUN
ftr-433	747	8	element	element	NOUN
ftr-433	747	9	present	present	NOUN
ftr-433	747	10	in	in	ADP
ftr-433	747	11	an	an	DET
ftr-433	747	12	asset	asset	NOUN
ftr-433	747	13	acquisition	acquisition	NOUN
ftr-433	747	14	does	do	AUX
ftr-433	747	15	not	not	PART
ftr-433	747	16	enter	enter	VERB
ftr-433	747	17	a	a	DET
ftr-433	747	18	rbit	rbit	NOUN
ftr-433	747	19	base	base	NOUN
ftr-433	747	20	because	because	SCONJ
ftr-433	747	21	any	any	DET
ftr-433	747	22	difference	difference	NOUN
ftr-433	747	23	in	in	ADP
ftr-433	747	24	value	value	NOUN
ftr-433	747	25	between	between	ADP
ftr-433	747	26	the	the	DET
ftr-433	747	27	wealth	wealth	NOUN
ftr-433	747	28	used	use	VERB
ftr-433	747	29	to	to	PART
ftr-433	747	30	obtain	obtain	VERB
ftr-433	747	31	the	the	DET
ftr-433	747	32	asset	asset	NOUN
ftr-433	747	33	and	and	CCONJ
ftr-433	747	34	the	the	DET
ftr-433	747	35	newly	newly	ADV
ftr-433	747	36	acquired	acquire	VERB
ftr-433	747	37	asset	asset	NOUN
ftr-433	747	38	is	be	AUX
ftr-433	747	39	generally	generally	ADV
ftr-433	747	40	not	not	PART
ftr-433	747	41	a	a	DET
ftr-433	747	42	realized	realize	VERB
ftr-433	747	43	change	change	NOUN
ftr-433	747	44	in	in	ADP
ftr-433	747	45	wealth.105	wealth.105	NOUN
ftr-433	747	46	similarly	similarly	ADV
ftr-433	747	47	,	,	PUNCT
ftr-433	747	48	during	during	ADP
ftr-433	747	49	the	the	DET
ftr-433	747	50	asset	asset	NOUN
ftr-433	747	51	’s	’s	PART
ftr-433	747	52	holding	hold	VERB
ftr-433	747	53	period	period	NOUN
ftr-433	747	54	,	,	PUNCT
ftr-433	747	55	the	the	DET
ftr-433	747	56	interim	interim	ADJ
ftr-433	747	57	asset	asset	NOUN
ftr-433	747	58	values	value	NOUN
ftr-433	747	59	have	have	VERB
ftr-433	747	60	no	no	DET
ftr-433	747	61	tax	tax	NOUN
ftr-433	747	62	structural	structural	ADJ
ftr-433	747	63	or	or	CCONJ
ftr-433	747	64	accounting	accounting	NOUN
ftr-433	747	65	significance	significance	NOUN
ftr-433	747	66	because	because	SCONJ
ftr-433	747	67	those	those	DET
ftr-433	747	68	asset	asset	NOUN
ftr-433	747	69	value	value	NOUN
ftr-433	747	70	changes	change	NOUN
ftr-433	747	71	are	be	AUX
ftr-433	747	72	not	not	PART
ftr-433	747	73	realized	realize	VERB
ftr-433	747	74	until	until	ADP
ftr-433	747	75	the	the	DET
ftr-433	747	76	asset	asset	NOUN
ftr-433	747	77	’s	’s	PART
ftr-433	747	78	disposition	disposition	NOUN
ftr-433	747	79	.	.	PUNCT
ftr-433	748	1	and	and	CCONJ
ftr-433	748	2	finally	finally	ADV
ftr-433	748	3	,	,	PUNCT
ftr-433	748	4	the	the	DET
ftr-433	748	5	amount	amount	NOUN
ftr-433	748	6	realized	realize	VERB
ftr-433	748	7	from106	from106	PROPN
ftr-433	748	8	a	a	DET
ftr-433	748	9	disposition	disposition	NOUN
ftr-433	748	10	may	may	AUX
ftr-433	748	11	differ	differ	VERB
ftr-433	748	12	from	from	ADP
ftr-433	748	13	the	the	DET
ftr-433	748	14	asset	asset	NOUN
ftr-433	748	15	’s	’s	PART
ftr-433	748	16	terminal	terminal	ADJ
ftr-433	748	17	value	value	NOUN
ftr-433	748	18	.	.	PUNCT
ftr-433	749	1	therefore	therefore	ADV
ftr-433	749	2	,	,	PUNCT
ftr-433	749	3	the	the	DET
ftr-433	749	4	realization	realization	NOUN
ftr-433	749	5	principle	principle	NOUN
ftr-433	749	6	may	may	AUX
ftr-433	749	7	cause	cause	VERB
ftr-433	749	8	significant	significant	ADJ
ftr-433	749	9	differences	difference	NOUN
ftr-433	749	10	in	in	ADP
ftr-433	749	11	the	the	DET
ftr-433	749	12	amount	amount	NOUN
ftr-433	749	13	as	as	ADV
ftr-433	749	14	well	well	ADV
ftr-433	749	15	as	as	ADP
ftr-433	749	16	the	the	DET
ftr-433	749	17	timing	timing	NOUN
ftr-433	749	18	of	of	ADP
ftr-433	749	19	income	income	NOUN
ftr-433	749	20	or	or	CCONJ
ftr-433	749	21	loss	loss	NOUN
ftr-433	749	22	taken	take	VERB
ftr-433	749	23	into	into	ADP
ftr-433	749	24	account	account	NOUN
ftr-433	749	25	in	in	ADP
ftr-433	749	26	a	a	DET
ftr-433	749	27	rbit	rbit	NOUN
ftr-433	749	28	base	base	NOUN
ftr-433	749	29	in	in	ADP
ftr-433	749	30	comparison	comparison	NOUN
ftr-433	749	31	to	to	ADP
ftr-433	749	32	an	an	DET
ftr-433	749	33	amit	amit	NOUN
ftr-433	749	34	base	base	NOUN
ftr-433	749	35	.	.	PUNCT
ftr-433	750	1	2	2	X
ftr-433	750	2	.	.	X
ftr-433	750	3	the	the	DET
ftr-433	750	4	role	role	NOUN
ftr-433	750	5	of	of	ADP
ftr-433	750	6	asset	asset	NOUN
ftr-433	750	7	basis.—the	basis.—the	DET
ftr-433	750	8	realization	realization	NOUN
ftr-433	750	9	requirement	requirement	NOUN
ftr-433	750	10	alters	alter	VERB
ftr-433	750	11	some	some	PRON
ftr-433	750	12	,	,	PUNCT
ftr-433	750	13	but	but	CCONJ
ftr-433	750	14	not	not	PART
ftr-433	750	15	all	all	PRON
ftr-433	750	16	,	,	PUNCT
ftr-433	750	17	of	of	ADP
ftr-433	750	18	the	the	DET
ftr-433	750	19	structural	structural	ADJ
ftr-433	750	20	and	and	CCONJ
ftr-433	750	21	accounting	accounting	NOUN
ftr-433	750	22	features	feature	NOUN
ftr-433	750	23	of	of	ADP
ftr-433	750	24	an	an	DET
ftr-433	750	25	amit	amit	NOUN
ftr-433	750	26	base	base	NOUN
ftr-433	750	27	.	.	PUNCT
ftr-433	751	1	a	a	DET
ftr-433	751	2	rbit	rbit	NOUN
ftr-433	751	3	is	be	AUX
ftr-433	751	4	still	still	ADV
ftr-433	751	5	an	an	DET
ftr-433	751	6	“	"	PUNCT
ftr-433	751	7	income	income	NOUN
ftr-433	751	8	”	"	PUNCT
ftr-433	751	9	tax	tax	NOUN
ftr-433	751	10	rather	rather	ADV
ftr-433	751	11	than	than	ADP
ftr-433	751	12	a	a	DET
ftr-433	751	13	consumption	consumption	NOUN
ftr-433	751	14	tax	tax	NOUN
ftr-433	751	15	.	.	PUNCT
ftr-433	752	1	therefore	therefore	ADV
ftr-433	752	2	,	,	PUNCT
ftr-433	752	3	in	in	ADP
ftr-433	752	4	a	a	DET
ftr-433	752	5	manner	manner	NOUN
ftr-433	752	6	similar	similar	ADJ
ftr-433	752	7	to	to	ADP
ftr-433	752	8	amit	amit	PROPN
ftr-433	752	9	base	base	NOUN
ftr-433	752	10	treatment	treatment	NOUN
ftr-433	752	11	but	but	CCONJ
ftr-433	752	12	in	in	ADP
ftr-433	752	13	contrast	contrast	NOUN
ftr-433	752	14	to	to	ADP
ftr-433	752	15	cfit	cfit	VERB
ftr-433	752	16	base	base	NOUN
ftr-433	752	17	treatment	treatment	NOUN
ftr-433	752	18	,	,	PUNCT
ftr-433	752	19	investing	invest	VERB
ftr-433	752	20	earnings	earning	NOUN
ftr-433	752	21	does	do	AUX
ftr-433	752	22	not	not	PART
ftr-433	752	23	structurally	structurally	ADV
ftr-433	752	24	decrease	decrease	VERB
ftr-433	752	25	a	a	DET
ftr-433	752	26	rbit	rbit	NOUN
ftr-433	752	27	base	base	NOUN
ftr-433	752	28	.	.	PUNCT
ftr-433	753	1	as	as	ADP
ftr-433	753	2	a	a	DET
ftr-433	753	3	result	result	NOUN
ftr-433	753	4	,	,	PUNCT
ftr-433	753	5	investment	investment	NOUN
ftr-433	753	6	must	must	AUX
ftr-433	753	7	come	come	VERB
ftr-433	753	8	from	from	ADP
ftr-433	753	9	after	after	ADP
ftr-433	753	10	-	-	PUNCT
ftr-433	753	11	tax	tax	NOUN
ftr-433	753	12	or	or	CCONJ
ftr-433	753	13	already	already	ADV
ftr-433	753	14	-	-	PUNCT
ftr-433	753	15	taxed	tax	VERB
ftr-433	753	16	dollars	dollar	NOUN
ftr-433	753	17	.	.	PUNCT
ftr-433	754	1	however	however	ADV
ftr-433	754	2	,	,	PUNCT
ftr-433	754	3	in107	in107	PROPN
ftr-433	754	4	contrast	contrast	NOUN
ftr-433	754	5	to	to	ADP
ftr-433	754	6	the	the	DET
ftr-433	754	7	way	way	NOUN
ftr-433	754	8	that	that	PRON
ftr-433	754	9	an	an	DET
ftr-433	754	10	amit	amit	NOUN
ftr-433	754	11	base	base	NOUN
ftr-433	754	12	accounts	account	VERB
ftr-433	754	13	for	for	ADP
ftr-433	754	14	and	and	CCONJ
ftr-433	754	15	taxes	taxis	NOUN
ftr-433	754	16	all	all	DET
ftr-433	754	17	value	value	NOUN
ftr-433	754	18	fluctuations	fluctuation	NOUN
ftr-433	754	19	between	between	ADP
ftr-433	754	20	the	the	DET
ftr-433	754	21	time	time	NOUN
ftr-433	754	22	of	of	ADP
ftr-433	754	23	an	an	DET
ftr-433	754	24	asset	asset	NOUN
ftr-433	754	25	’s	’s	PART
ftr-433	754	26	acquisition	acquisition	NOUN
ftr-433	754	27	and	and	CCONJ
ftr-433	754	28	disposition	disposition	NOUN
ftr-433	754	29	,	,	PUNCT
ftr-433	754	30	a	a	DET
ftr-433	754	31	rbit	rbit	NOUN
ftr-433	754	32	base	base	NOUN
ftr-433	754	33	only	only	ADV
ftr-433	754	34	accounts	account	VERB
ftr-433	754	35	for	for	ADP
ftr-433	754	36	and	and	CCONJ
ftr-433	754	37	taxes	taxis	NOUN
ftr-433	754	38	the	the	DET
ftr-433	754	39	difference	difference	NOUN
ftr-433	754	40	between	between	ADP
ftr-433	754	41	the	the	DET
ftr-433	754	42	initial	initial	ADJ
ftr-433	754	43	amount	amount	NOUN
ftr-433	754	44	invested	invest	VERB
ftr-433	754	45	and	and	CCONJ
ftr-433	754	46	the	the	DET
ftr-433	754	47	terminal	terminal	NOUN
ftr-433	754	48	realized	realize	VERB
ftr-433	754	49	asset	asset	NOUN
ftr-433	754	50	value	value	NOUN
ftr-433	754	51	.	.	PUNCT
ftr-433	755	1	in	in	ADP
ftr-433	755	2	other	other	ADJ
ftr-433	755	3	words	word	NOUN
ftr-433	755	4	,	,	PUNCT
ftr-433	755	5	instead	instead	ADV
ftr-433	755	6	of	of	ADP
ftr-433	755	7	beginning	begin	VERB
ftr-433	755	8	the	the	DET
ftr-433	755	9	tax	tax	NOUN
ftr-433	755	10	base	base	NOUN
ftr-433	755	11	accounting	accounting	NOUN
ftr-433	755	12	process	process	NOUN
ftr-433	755	13	with	with	ADP
ftr-433	755	14	the	the	DET
ftr-433	755	15	initial	initial	ADJ
ftr-433	755	16	value	value	NOUN
ftr-433	755	17	of	of	ADP
ftr-433	755	18	an	an	DET
ftr-433	755	19	asset	asset	NOUN
ftr-433	755	20	at	at	ADP
ftr-433	755	21	acquisition	acquisition	NOUN
ftr-433	755	22	,	,	PUNCT
ftr-433	755	23	a	a	DET
ftr-433	755	24	prototypical	prototypical	ADJ
ftr-433	755	25	rbit	rbit	NOUN
ftr-433	755	26	begins	begin	VERB
ftr-433	755	27	with	with	ADP
ftr-433	755	28	the	the	DET
ftr-433	755	29	asset	asset	NOUN
ftr-433	755	30	’s	’s	NOUN
ftr-433	755	31	after	after	ADP
ftr-433	755	32	tax	tax	NOUN
ftr-433	755	33	cost	cost	NOUN
ftr-433	755	34	or	or	CCONJ
ftr-433	755	35	other	other	ADJ
ftr-433	755	36	after	after	ADP
ftr-433	755	37	-	-	PUNCT
ftr-433	755	38	tax	tax	NOUN
ftr-433	755	39	investment	investment	NOUN
ftr-433	755	40	in	in	ADP
ftr-433	755	41	the	the	DET
ftr-433	755	42	asset	asset	NOUN
ftr-433	755	43	,	,	PUNCT
ftr-433	755	44	using	use	VERB
ftr-433	755	45	a	a	DET
ftr-433	755	46	tax	tax	NOUN
ftr-433	755	47	accounting	accounting	NOUN
ftr-433	755	48	item	item	NOUN
ftr-433	755	49	and	and	CCONJ
ftr-433	755	50	amount	amount	NOUN
ftr-433	755	51	called	call	VERB
ftr-433	755	52	basis	basis	NOUN
ftr-433	755	53	.	.	PUNCT
ftr-433	756	1	asset	asset	NOUN
ftr-433	756	2	cost	cost	NOUN
ftr-433	756	3	basis	basis	NOUN
ftr-433	756	4	in	in	ADP
ftr-433	756	5	a	a	DET
ftr-433	756	6	rbit	rbit	NOUN
ftr-433	756	7	base	base	NOUN
ftr-433	756	8	is	be	AUX
ftr-433	756	9	somewhat	somewhat	ADV
ftr-433	756	10	analogous	analogous	ADJ
ftr-433	756	11	to	to	ADP
ftr-433	756	12	initial	initial	ADJ
ftr-433	756	13	asset	asset	NOUN
ftr-433	756	14	value	value	NOUN
ftr-433	756	15	in	in	ADP
ftr-433	756	16	an	an	DET
ftr-433	756	17	amit	amit	NOUN
ftr-433	756	18	base	base	NOUN
ftr-433	756	19	:	:	PUNCT
ftr-433	756	20	both	both	PRON
ftr-433	756	21	are	be	AUX
ftr-433	756	22	the	the	DET
ftr-433	756	23	tax	tax	NOUN
ftr-433	756	24	accounting	accounting	NOUN
ftr-433	756	25	starting	starting	NOUN
ftr-433	756	26	point	point	NOUN
ftr-433	756	27	for	for	ADP
ftr-433	756	28	measuring	measure	VERB
ftr-433	756	29	subsequent	subsequent	ADJ
ftr-433	756	30	changes	change	NOUN
ftr-433	756	31	in	in	ADP
ftr-433	756	32	wealth	wealth	NOUN
ftr-433	756	33	.	.	PUNCT
ftr-433	757	1	the	the	DET
ftr-433	757	2	difference	difference	NOUN
ftr-433	757	3	is	be	AUX
ftr-433	757	4	that	that	SCONJ
ftr-433	757	5	those	those	DET
ftr-433	757	6	future	future	ADJ
ftr-433	757	7	changes	change	NOUN
ftr-433	757	8	must	must	AUX
ftr-433	757	9	500	500	NUM
ftr-433	757	10	florida	florida	PROPN
ftr-433	757	11	tax	tax	NOUN
ftr-433	757	12	review	review	NOUN
ftr-433	757	13	[	[	X
ftr-433	757	14	vol	vol	NOUN
ftr-433	757	15	.	.	PUNCT
ftr-433	757	16	5:7	5:7	NUM
ftr-433	757	17	108	108	NUM
ftr-433	757	18	.	.	PUNCT
ftr-433	758	1	cf	cf	NOUN
ftr-433	758	2	.	.	PUNCT
ftr-433	759	1	supra	supra	PROPN
ftr-433	759	2	note	note	PROPN
ftr-433	759	3	105	105	NUM
ftr-433	759	4	and	and	CCONJ
ftr-433	759	5	accompanying	accompany	VERB
ftr-433	759	6	text	text	NOUN
ftr-433	759	7	.	.	PUNCT
ftr-433	760	1	109	109	NUM
ftr-433	760	2	.	.	PUNCT
ftr-433	760	3	see	see	VERB
ftr-433	760	4	irc	irc	PROPN
ftr-433	760	5	§	§	PROPN
ftr-433	760	6	7701(a	7701(a	NOUN
ftr-433	760	7	)	)	PUNCT
ftr-433	760	8	,	,	PUNCT
ftr-433	760	9	paragraphs	paragraph	VERB
ftr-433	760	10	43	43	NUM
ftr-433	760	11	(	(	PUNCT
ftr-433	760	12	transferred	transfer	VERB
ftr-433	760	13	basis	basis	NOUN
ftr-433	760	14	property	property	NOUN
ftr-433	760	15	)	)	PUNCT
ftr-433	760	16	,	,	PUNCT
ftr-433	760	17	and	and	CCONJ
ftr-433	760	18	44	44	NUM
ftr-433	760	19	(	(	PUNCT
ftr-433	760	20	exchanged	exchange	VERB
ftr-433	760	21	basis	basis	NOUN
ftr-433	760	22	property	property	NOUN
ftr-433	760	23	)	)	PUNCT
ftr-433	760	24	.	.	PUNCT
ftr-433	761	1	both	both	PRON
ftr-433	761	2	are	be	AUX
ftr-433	761	3	examples	example	NOUN
ftr-433	761	4	of	of	ADP
ftr-433	761	5	what	what	PRON
ftr-433	761	6	§	§	PROPN
ftr-433	761	7	7701(a)(42	7701(a)(42	NUM
ftr-433	761	8	)	)	PUNCT
ftr-433	761	9	defines	define	NOUN
ftr-433	761	10	as	as	ADP
ftr-433	761	11	substituted	substitute	VERB
ftr-433	761	12	basis	basis	NOUN
ftr-433	761	13	property	property	NOUN
ftr-433	761	14	.	.	PUNCT
ftr-433	762	1	110	110	NUM
ftr-433	762	2	.	.	PUNCT
ftr-433	762	3	see	see	VERB
ftr-433	762	4	irc	irc	PROPN
ftr-433	762	5	§	§	PROPN
ftr-433	762	6	1016	1016	NUM
ftr-433	762	7	.	.	PUNCT
ftr-433	763	1	be	be	AUX
ftr-433	763	2	realized	realize	VERB
ftr-433	763	3	in	in	ADP
ftr-433	763	4	a	a	DET
ftr-433	763	5	rbit	rbit	NOUN
ftr-433	763	6	base	base	NOUN
ftr-433	763	7	but	but	CCONJ
ftr-433	763	8	not	not	PART
ftr-433	763	9	in	in	ADP
ftr-433	763	10	an	an	DET
ftr-433	763	11	amit	amit	NOUN
ftr-433	763	12	base	base	NOUN
ftr-433	763	13	.	.	PUNCT
ftr-433	764	1	administrative	administrative	ADJ
ftr-433	764	2	and	and	CCONJ
ftr-433	764	3	evidentiary	evidentiary	ADJ
ftr-433	764	4	concerns	concern	NOUN
ftr-433	764	5	justify	justify	VERB
ftr-433	764	6	the	the	DET
ftr-433	764	7	substitution	substitution	NOUN
ftr-433	764	8	of	of	ADP
ftr-433	764	9	cost	cost	NOUN
ftr-433	764	10	in	in	ADP
ftr-433	764	11	a	a	DET
ftr-433	764	12	rbit	rbit	NOUN
ftr-433	764	13	base	base	NOUN
ftr-433	764	14	for	for	ADP
ftr-433	764	15	initial	initial	ADJ
ftr-433	764	16	value	value	NOUN
ftr-433	764	17	in	in	ADP
ftr-433	764	18	an	an	DET
ftr-433	764	19	amit	amit	NOUN
ftr-433	764	20	base	base	NOUN
ftr-433	764	21	for	for	ADP
ftr-433	764	22	the	the	DET
ftr-433	764	23	same	same	ADJ
ftr-433	764	24	reasons	reason	NOUN
ftr-433	764	25	that	that	PRON
ftr-433	764	26	they	they	PRON
ftr-433	764	27	support	support	VERB
ftr-433	764	28	the	the	DET
ftr-433	764	29	substitution	substitution	NOUN
ftr-433	764	30	of	of	ADP
ftr-433	764	31	realization	realization	NOUN
ftr-433	764	32	for	for	ADP
ftr-433	764	33	incremental	incremental	ADJ
ftr-433	764	34	and	and	CCONJ
ftr-433	764	35	terminal	terminal	ADJ
ftr-433	764	36	asset	asset	NOUN
ftr-433	764	37	valuation	valuation	NOUN
ftr-433	764	38	as	as	ADP
ftr-433	764	39	an	an	DET
ftr-433	764	40	accounting	accounting	NOUN
ftr-433	764	41	principle	principle	NOUN
ftr-433	764	42	.	.	PUNCT
ftr-433	765	1	cost	cost	NOUN
ftr-433	765	2	usually	usually	ADV
ftr-433	765	3	provides	provide	VERB
ftr-433	765	4	fairly	fairly	ADV
ftr-433	765	5	reliable	reliable	ADJ
ftr-433	765	6	evidence	evidence	NOUN
ftr-433	765	7	of	of	ADP
ftr-433	765	8	initial	initial	ADJ
ftr-433	765	9	value	value	NOUN
ftr-433	765	10	but	but	CCONJ
ftr-433	765	11	has	have	VERB
ftr-433	765	12	a	a	DET
ftr-433	765	13	lower	low	ADJ
ftr-433	765	14	evidentiary	evidentiary	NOUN
ftr-433	765	15	threshold	threshold	NOUN
ftr-433	765	16	;	;	PUNCT
ftr-433	765	17	and	and	CCONJ
ftr-433	765	18	is	be	AUX
ftr-433	765	19	a	a	DET
ftr-433	765	20	more	more	ADV
ftr-433	765	21	easily	easily	ADV
ftr-433	765	22	administrable	administrable	ADJ
ftr-433	765	23	starting	starting	NOUN
ftr-433	765	24	point	point	NOUN
ftr-433	765	25	than	than	ADP
ftr-433	765	26	initial	initial	ADJ
ftr-433	765	27	asset	asset	NOUN
ftr-433	765	28	value	value	NOUN
ftr-433	765	29	.	.	PUNCT
ftr-433	766	1	structurally	structurally	ADV
ftr-433	766	2	,	,	PUNCT
ftr-433	766	3	it	it	PRON
ftr-433	766	4	is	be	AUX
ftr-433	766	5	appropriate	appropriate	ADJ
ftr-433	766	6	because	because	SCONJ
ftr-433	766	7	any	any	DET
ftr-433	766	8	initial	initial	ADJ
ftr-433	766	9	disparity	disparity	NOUN
ftr-433	766	10	between	between	ADP
ftr-433	766	11	cost	cost	NOUN
ftr-433	766	12	and	and	CCONJ
ftr-433	766	13	initial	initial	ADJ
ftr-433	766	14	value	value	NOUN
ftr-433	766	15	is	be	AUX
ftr-433	766	16	generally	generally	ADV
ftr-433	766	17	not	not	PART
ftr-433	766	18	a	a	DET
ftr-433	766	19	realization	realization	NOUN
ftr-433	766	20	event	event	NOUN
ftr-433	766	21	and	and	CCONJ
ftr-433	766	22	a	a	DET
ftr-433	766	23	bargain	bargain	NOUN
ftr-433	766	24	purchase	purchase	NOUN
ftr-433	766	25	does	do	AUX
ftr-433	766	26	not	not	PART
ftr-433	766	27	generally	generally	ADV
ftr-433	766	28	impact	impact	VERB
ftr-433	766	29	a	a	DET
ftr-433	766	30	rbit	rbit	NOUN
ftr-433	766	31	base.108	base.108	ADP
ftr-433	766	32	at	at	ADP
ftr-433	766	33	the	the	DET
ftr-433	766	34	time	time	NOUN
ftr-433	766	35	of	of	ADP
ftr-433	766	36	the	the	DET
ftr-433	766	37	asset	asset	NOUN
ftr-433	766	38	’s	’s	PART
ftr-433	766	39	disposition	disposition	NOUN
ftr-433	766	40	,	,	PUNCT
ftr-433	766	41	the	the	DET
ftr-433	766	42	realization	realization	NOUN
ftr-433	766	43	doctrine	doctrine	NOUN
ftr-433	766	44	finally	finally	ADV
ftr-433	766	45	requires	require	VERB
ftr-433	766	46	the	the	DET
ftr-433	766	47	taxpayer	taxpayer	NOUN
ftr-433	766	48	to	to	PART
ftr-433	766	49	account	account	VERB
ftr-433	766	50	for	for	ADP
ftr-433	766	51	the	the	DET
ftr-433	766	52	difference	difference	NOUN
ftr-433	766	53	between	between	ADP
ftr-433	766	54	the	the	DET
ftr-433	766	55	initial	initial	ADJ
ftr-433	766	56	cost	cost	NOUN
ftr-433	766	57	or	or	CCONJ
ftr-433	766	58	other	other	ADJ
ftr-433	766	59	basis	basis	NOUN
ftr-433	766	60	of	of	ADP
ftr-433	766	61	the	the	DET
ftr-433	766	62	asset	asset	NOUN
ftr-433	766	63	and	and	CCONJ
ftr-433	766	64	the	the	DET
ftr-433	766	65	realized	realize	VERB
ftr-433	766	66	terminal	terminal	ADJ
ftr-433	766	67	value	value	NOUN
ftr-433	766	68	.	.	PUNCT
ftr-433	767	1	however	however	ADV
ftr-433	767	2	,	,	PUNCT
ftr-433	767	3	if	if	SCONJ
ftr-433	767	4	a	a	DET
ftr-433	767	5	disposition	disposition	NOUN
ftr-433	767	6	,	,	PUNCT
ftr-433	767	7	though	though	SCONJ
ftr-433	767	8	causing	cause	VERB
ftr-433	767	9	realization	realization	NOUN
ftr-433	767	10	,	,	PUNCT
ftr-433	767	11	is	be	AUX
ftr-433	767	12	one	one	NUM
ftr-433	767	13	which	which	PRON
ftr-433	767	14	congress	congress	PROPN
ftr-433	767	15	has	have	AUX
ftr-433	767	16	decided	decide	VERB
ftr-433	767	17	warrants	warrant	NOUN
ftr-433	767	18	deferral	deferral	ADJ
ftr-433	767	19	of	of	ADP
ftr-433	767	20	tax	tax	NOUN
ftr-433	767	21	,	,	PUNCT
ftr-433	767	22	then	then	ADV
ftr-433	767	23	that	that	DET
ftr-433	767	24	gain	gain	NOUN
ftr-433	767	25	or	or	CCONJ
ftr-433	767	26	loss	loss	NOUN
ftr-433	767	27	is	be	AUX
ftr-433	767	28	not	not	PART
ftr-433	767	29	then	then	ADV
ftr-433	767	30	“	"	PUNCT
ftr-433	767	31	recognized	recognize	VERB
ftr-433	767	32	”	"	PUNCT
ftr-433	767	33	by	by	ADP
ftr-433	767	34	the	the	DET
ftr-433	767	35	tax	tax	NOUN
ftr-433	767	36	system	system	NOUN
ftr-433	767	37	.	.	PUNCT
ftr-433	768	1	instead	instead	ADV
ftr-433	768	2	,	,	PUNCT
ftr-433	768	3	the	the	DET
ftr-433	768	4	basis	basis	NOUN
ftr-433	768	5	in	in	ADP
ftr-433	768	6	the	the	DET
ftr-433	768	7	disposed	disposed	ADJ
ftr-433	768	8	asset	asset	NOUN
ftr-433	768	9	is	be	AUX
ftr-433	768	10	exchanged	exchange	VERB
ftr-433	768	11	for	for	ADP
ftr-433	768	12	identical	identical	ADJ
ftr-433	768	13	basis	basis	NOUN
ftr-433	768	14	in	in	ADP
ftr-433	768	15	a	a	DET
ftr-433	768	16	new	new	ADJ
ftr-433	768	17	asset	asset	NOUN
ftr-433	768	18	,	,	PUNCT
ftr-433	768	19	or	or	CCONJ
ftr-433	768	20	the	the	DET
ftr-433	768	21	old	old	ADJ
ftr-433	768	22	basis	basis	NOUN
ftr-433	768	23	is	be	AUX
ftr-433	768	24	transferred	transfer	VERB
ftr-433	768	25	to	to	ADP
ftr-433	768	26	a	a	DET
ftr-433	768	27	new	new	ADJ
ftr-433	768	28	taxpayer	taxpayer	NOUN
ftr-433	768	29	along	along	ADP
ftr-433	768	30	with	with	ADP
ftr-433	768	31	the	the	DET
ftr-433	768	32	asset	asset	NOUN
ftr-433	768	33	.	.	PUNCT
ftr-433	769	1	as	as	SCONJ
ftr-433	769	2	an	an	DET
ftr-433	769	3	asset	asset	NOUN
ftr-433	769	4	(	(	PUNCT
ftr-433	769	5	or	or	CCONJ
ftr-433	769	6	its	its	PRON
ftr-433	769	7	successor	successor	NOUN
ftr-433	769	8	)	)	PUNCT
ftr-433	769	9	moves	move	VERB
ftr-433	769	10	through	through	ADP
ftr-433	769	11	the	the	DET
ftr-433	769	12	tax	tax	NOUN
ftr-433	769	13	system	system	NOUN
ftr-433	769	14	,	,	PUNCT
ftr-433	769	15	its	its	PRON
ftr-433	769	16	tax109	tax109	ADJ
ftr-433	769	17	basis	basis	NOUN
ftr-433	769	18	moves	move	NOUN
ftr-433	769	19	along	along	ADP
ftr-433	769	20	with	with	ADP
ftr-433	769	21	it	it	PRON
ftr-433	769	22	as	as	ADP
ftr-433	769	23	an	an	DET
ftr-433	769	24	ongoing	ongoing	ADJ
ftr-433	769	25	measure	measure	NOUN
ftr-433	769	26	of	of	ADP
ftr-433	769	27	the	the	DET
ftr-433	769	28	continuing	continue	VERB
ftr-433	769	29	amount	amount	NOUN
ftr-433	769	30	of	of	ADP
ftr-433	769	31	after	after	ADP
ftr-433	769	32	-	-	PUNCT
ftr-433	769	33	tax	tax	NOUN
ftr-433	769	34	(	(	PUNCT
ftr-433	769	35	or	or	CCONJ
ftr-433	769	36	already	already	ADV
ftr-433	769	37	-	-	PUNCT
ftr-433	769	38	taxed	tax	VERB
ftr-433	769	39	)	)	PUNCT
ftr-433	769	40	dollars	dollar	NOUN
ftr-433	769	41	invested	invest	VERB
ftr-433	769	42	in	in	ADP
ftr-433	769	43	the	the	DET
ftr-433	769	44	asset	asset	NOUN
ftr-433	769	45	.	.	PUNCT
ftr-433	770	1	when	when	SCONJ
ftr-433	770	2	a	a	DET
ftr-433	770	3	taxable	taxable	ADJ
ftr-433	770	4	disposition	disposition	NOUN
ftr-433	770	5	occurs	occur	VERB
ftr-433	770	6	(	(	PUNCT
ftr-433	770	7	one	one	NUM
ftr-433	770	8	in	in	ADP
ftr-433	770	9	which	which	PRON
ftr-433	770	10	gain	gain	NOUN
ftr-433	770	11	or	or	CCONJ
ftr-433	770	12	loss	loss	NOUN
ftr-433	770	13	is	be	AUX
ftr-433	770	14	both	both	PRON
ftr-433	770	15	realized	realize	VERB
ftr-433	770	16	and	and	CCONJ
ftr-433	770	17	recognized	recognize	VERB
ftr-433	770	18	)	)	PUNCT
ftr-433	770	19	,	,	PUNCT
ftr-433	770	20	the	the	DET
ftr-433	770	21	difference	difference	NOUN
ftr-433	770	22	between	between	ADP
ftr-433	770	23	the	the	DET
ftr-433	770	24	original	original	ADJ
ftr-433	770	25	basis	basis	NOUN
ftr-433	770	26	(	(	PUNCT
ftr-433	770	27	plus	plus	CCONJ
ftr-433	770	28	or	or	CCONJ
ftr-433	770	29	minus	minus	ADP
ftr-433	770	30	any	any	DET
ftr-433	770	31	adjustments	adjustment	NOUN
ftr-433	770	32	to	to	ADP
ftr-433	770	33	that	that	DET
ftr-433	770	34	basis	basis	NOUN
ftr-433	770	35	allowed	allow	VERB
ftr-433	770	36	for	for	ADP
ftr-433	770	37	certain	certain	ADJ
ftr-433	770	38	intervening	intervene	VERB
ftr-433	770	39	events	event	NOUN
ftr-433	770	40	)	)	PUNCT
ftr-433	770	41	and	and	CCONJ
ftr-433	770	42	the	the	DET
ftr-433	770	43	amount	amount	NOUN
ftr-433	770	44	realized110	realized110	PROPN
ftr-433	770	45	produces	produce	VERB
ftr-433	770	46	either	either	CCONJ
ftr-433	770	47	an	an	DET
ftr-433	770	48	increase	increase	NOUN
ftr-433	770	49	or	or	CCONJ
ftr-433	770	50	a	a	DET
ftr-433	770	51	decrease	decrease	NOUN
ftr-433	770	52	in	in	ADP
ftr-433	770	53	the	the	DET
ftr-433	770	54	taxable	taxable	ADJ
ftr-433	770	55	income	income	NOUN
ftr-433	770	56	of	of	ADP
ftr-433	770	57	the	the	DET
ftr-433	770	58	taxpayer	taxpayer	NOUN
ftr-433	770	59	disposing	dispose	VERB
ftr-433	770	60	of	of	ADP
ftr-433	770	61	the	the	DET
ftr-433	770	62	asset	asset	NOUN
ftr-433	770	63	at	at	ADP
ftr-433	770	64	that	that	DET
ftr-433	770	65	time	time	NOUN
ftr-433	770	66	.	.	PUNCT
ftr-433	771	1	3	3	X
ftr-433	771	2	.	.	NOUN
ftr-433	771	3	rbit	rbit	PROPN
ftr-433	771	4	capital	capital	NOUN
ftr-433	771	5	income	income	NOUN
ftr-433	771	6	taxation	taxation	NOUN
ftr-433	771	7	principles.—as	principles.—as	PROPN
ftr-433	771	8	a	a	DET
ftr-433	771	9	result	result	NOUN
ftr-433	771	10	of	of	ADP
ftr-433	771	11	the	the	DET
ftr-433	771	12	tax	tax	NOUN
ftr-433	771	13	base	base	NOUN
ftr-433	771	14	accounting	accounting	NOUN
ftr-433	771	15	element	element	NOUN
ftr-433	771	16	of	of	ADP
ftr-433	771	17	asset	asset	NOUN
ftr-433	771	18	basis	basis	NOUN
ftr-433	771	19	,	,	PUNCT
ftr-433	771	20	a	a	DET
ftr-433	771	21	transactional	transactional	ADJ
ftr-433	771	22	method	method	NOUN
ftr-433	771	23	of	of	ADP
ftr-433	771	24	accounting	account	VERB
ftr-433	771	25	for	for	ADP
ftr-433	771	26	the	the	DET
ftr-433	771	27	taxation	taxation	NOUN
ftr-433	771	28	of	of	ADP
ftr-433	771	29	capital	capital	NOUN
ftr-433	771	30	income	income	NOUN
ftr-433	771	31	from	from	ADP
ftr-433	771	32	depreciable	depreciable	ADJ
ftr-433	771	33	assets	asset	NOUN
ftr-433	771	34	in	in	ADP
ftr-433	771	35	a	a	DET
ftr-433	771	36	rbit	rbit	NOUN
ftr-433	771	37	must	must	AUX
ftr-433	771	38	address	address	VERB
ftr-433	771	39	two	two	NUM
ftr-433	771	40	possible	possible	ADJ
ftr-433	771	41	components	component	NOUN
ftr-433	771	42	of	of	ADP
ftr-433	771	43	that	that	DET
ftr-433	771	44	income	income	NOUN
ftr-433	771	45	:	:	PUNCT
ftr-433	771	46	a	a	DET
ftr-433	771	47	self	self	NOUN
ftr-433	771	48	-	-	PUNCT
ftr-433	771	49	exhausting	exhaust	VERB
ftr-433	771	50	income	income	NOUN
ftr-433	771	51	-	-	PUNCT
ftr-433	771	52	producing	produce	VERB
ftr-433	771	53	asset	asset	NOUN
ftr-433	771	54	,	,	PUNCT
ftr-433	771	55	and	and	CCONJ
ftr-433	771	56	the	the	DET
ftr-433	771	57	realized	realize	VERB
ftr-433	771	58	income	income	NOUN
ftr-433	771	59	produced	produce	VERB
ftr-433	771	60	by	by	ADP
ftr-433	771	61	that	that	DET
ftr-433	771	62	asset	asset	NOUN
ftr-433	771	63	.	.	PUNCT
ftr-433	772	1	unlike	unlike	ADP
ftr-433	772	2	an	an	DET
ftr-433	772	3	amit	amit	NOUN
ftr-433	772	4	,	,	PUNCT
ftr-433	772	5	unrealized	unrealized	ADJ
ftr-433	772	6	declines	decline	NOUN
ftr-433	772	7	in	in	ADP
ftr-433	772	8	an	an	DET
ftr-433	772	9	asset	asset	NOUN
ftr-433	772	10	’s	’s	PART
ftr-433	772	11	value	value	NOUN
ftr-433	772	12	during	during	ADP
ftr-433	772	13	its	its	PRON
ftr-433	772	14	period	period	NOUN
ftr-433	772	15	of	of	ADP
ftr-433	772	16	productivity	productivity	NOUN
ftr-433	772	17	need	need	VERB
ftr-433	772	18	not	not	PART
ftr-433	772	19	and	and	CCONJ
ftr-433	772	20	should	should	AUX
ftr-433	772	21	not	not	PART
ftr-433	772	22	be	be	AUX
ftr-433	772	23	accounted	account	VERB
ftr-433	772	24	for	for	ADP
ftr-433	772	25	as	as	ADP
ftr-433	772	26	decreases	decrease	NOUN
ftr-433	772	27	in	in	ADP
ftr-433	772	28	the	the	DET
ftr-433	772	29	tax	tax	NOUN
ftr-433	772	30	base	base	NOUN
ftr-433	772	31	.	.	PUNCT
ftr-433	773	1	this	this	PRON
ftr-433	773	2	is	be	AUX
ftr-433	773	3	why	why	SCONJ
ftr-433	773	4	tax	tax	NOUN
ftr-433	773	5	policy	policy	NOUN
ftr-433	773	6	makers	maker	NOUN
ftr-433	773	7	should	should	AUX
ftr-433	773	8	not	not	PART
ftr-433	773	9	assume	assume	VERB
ftr-433	773	10	that	that	SCONJ
ftr-433	773	11	economic	economic	ADJ
ftr-433	773	12	depreciation	depreciation	NOUN
ftr-433	773	13	as	as	ADP
ftr-433	773	14	a	a	DET
ftr-433	773	15	cost	cost	NOUN
ftr-433	773	16	recovery	recovery	NOUN
ftr-433	773	17	method	method	NOUN
ftr-433	773	18	is	be	AUX
ftr-433	773	19	the	the	DET
ftr-433	773	20	tax	tax	NOUN
ftr-433	773	21	base	base	NOUN
ftr-433	773	22	structural	structural	ADJ
ftr-433	773	23	or	or	CCONJ
ftr-433	773	24	accounting	accounting	NOUN
ftr-433	773	25	paradigm	paradigm	NOUN
ftr-433	773	26	for	for	ADP
ftr-433	773	27	measuring	measure	VERB
ftr-433	773	28	and	and	CCONJ
ftr-433	773	29	taxing	tax	VERB
ftr-433	773	30	capital	capital	NOUN
ftr-433	773	31	income	income	NOUN
ftr-433	773	32	within	within	ADP
ftr-433	773	33	the	the	DET
ftr-433	773	34	u.s	u.s	PROPN
ftr-433	773	35	.	.	PROPN
ftr-433	773	36	rbit	rbit	PROPN
ftr-433	773	37	base	base	NOUN
ftr-433	773	38	.	.	PUNCT
ftr-433	774	1	on	on	ADP
ftr-433	774	2	the	the	DET
ftr-433	774	3	other	other	ADJ
ftr-433	774	4	hand	hand	NOUN
ftr-433	774	5	,	,	PUNCT
ftr-433	774	6	unlike	unlike	ADP
ftr-433	774	7	a	a	DET
ftr-433	774	8	cfit	cfit	NOUN
ftr-433	774	9	base	base	NOUN
ftr-433	774	10	,	,	PUNCT
ftr-433	774	11	the	the	DET
ftr-433	774	12	u.s	u.s	PROPN
ftr-433	774	13	.	.	PROPN
ftr-433	774	14	rbit	rbit	NOUN
ftr-433	774	15	measures	measure	NOUN
ftr-433	774	16	neither	neither	CCONJ
ftr-433	774	17	capital	capital	NOUN
ftr-433	774	18	investment	investment	NOUN
ftr-433	774	19	nor	nor	CCONJ
ftr-433	774	20	capital	capital	NOUN
ftr-433	774	21	income	income	NOUN
ftr-433	774	22	simply	simply	ADV
ftr-433	774	23	on	on	ADP
ftr-433	774	24	the	the	DET
ftr-433	774	25	basis	basis	NOUN
ftr-433	774	26	of	of	ADP
ftr-433	774	27	cash	cash	NOUN
ftr-433	774	28	flows	flow	NOUN
ftr-433	774	29	.	.	PUNCT
ftr-433	775	1	because	because	SCONJ
ftr-433	775	2	unlimited	unlimited	ADJ
ftr-433	775	3	expensing	expensing	NOUN
ftr-433	775	4	is	be	AUX
ftr-433	775	5	a	a	DET
ftr-433	775	6	2002	2002	NUM
ftr-433	775	7	]	]	PUNCT
ftr-433	775	8	normative	normative	ADJ
ftr-433	775	9	capital	capital	NOUN
ftr-433	775	10	cost	cost	NOUN
ftr-433	775	11	recovery	recovery	NOUN
ftr-433	775	12	501	501	NUM
ftr-433	775	13	111	111	NUM
ftr-433	775	14	.	.	PUNCT
ftr-433	776	1	strnad	strnad	PROPN
ftr-433	776	2	argues	argue	VERB
ftr-433	776	3	that	that	SCONJ
ftr-433	776	4	cash	cash	NOUN
ftr-433	776	5	flow	flow	NOUN
ftr-433	776	6	accounting	accounting	NOUN
ftr-433	776	7	,	,	PUNCT
ftr-433	776	8	which	which	PRON
ftr-433	776	9	has	have	VERB
ftr-433	776	10	the	the	DET
ftr-433	776	11	same	same	ADJ
ftr-433	776	12	financial	financial	ADJ
ftr-433	776	13	and	and	CCONJ
ftr-433	776	14	economic	economic	ADJ
ftr-433	776	15	effects	effect	NOUN
ftr-433	776	16	as	as	ADP
ftr-433	776	17	expensing	expensing	NOUN
ftr-433	776	18	,	,	PUNCT
ftr-433	776	19	measures	measure	NOUN
ftr-433	776	20	dw	dw	NOUN
ftr-433	776	21	within	within	ADP
ftr-433	776	22	a	a	DET
ftr-433	776	23	haig	haig	PROPN
ftr-433	776	24	-	-	PUNCT
ftr-433	776	25	simons	simons	PROPN
ftr-433	776	26	amit	amit	PROPN
ftr-433	776	27	base	base	PROPN
ftr-433	776	28	better	well	ADV
ftr-433	776	29	than	than	ADP
ftr-433	776	30	economic	economic	ADJ
ftr-433	776	31	depreciation	depreciation	NOUN
ftr-433	776	32	.	.	PUNCT
ftr-433	777	1	this	this	DET
ftr-433	777	2	assertion	assertion	NOUN
ftr-433	777	3	has	have	AUX
ftr-433	777	4	been	be	AUX
ftr-433	777	5	hotly	hotly	ADV
ftr-433	777	6	disputed	dispute	VERB
ftr-433	777	7	by	by	ADP
ftr-433	777	8	professors	professor	NOUN
ftr-433	777	9	warren	warren	PROPN
ftr-433	777	10	,	,	PUNCT
ftr-433	777	11	kaplow	kaplow	NOUN
ftr-433	777	12	,	,	PUNCT
ftr-433	777	13	and	and	CCONJ
ftr-433	777	14	popkin	popkin	NOUN
ftr-433	777	15	.	.	PUNCT
ftr-433	778	1	see	see	VERB
ftr-433	778	2	discussion	discussion	NOUN
ftr-433	778	3	supra	supra	PROPN
ftr-433	778	4	note	note	PROPN
ftr-433	778	5	5	5	NUM
ftr-433	778	6	.	.	PUNCT
ftr-433	779	1	this	this	DET
ftr-433	779	2	article	article	NOUN
ftr-433	779	3	takes	take	VERB
ftr-433	779	4	the	the	DET
ftr-433	779	5	position	position	NOUN
ftr-433	779	6	that	that	SCONJ
ftr-433	779	7	expensing	expense	VERB
ftr-433	779	8	more	more	ADV
ftr-433	779	9	accurately	accurately	ADV
ftr-433	779	10	measures	measure	VERB
ftr-433	779	11	capital	capital	NOUN
ftr-433	779	12	income	income	NOUN
ftr-433	779	13	within	within	ADP
ftr-433	779	14	a	a	DET
ftr-433	779	15	cfit	cfit	NOUN
ftr-433	779	16	base	base	NOUN
ftr-433	779	17	than	than	ADP
ftr-433	779	18	economic	economic	ADJ
ftr-433	779	19	depreciation	depreciation	NOUN
ftr-433	779	20	,	,	PUNCT
ftr-433	779	21	but	but	CCONJ
ftr-433	779	22	does	do	AUX
ftr-433	779	23	not	not	PART
ftr-433	779	24	consider	consider	VERB
ftr-433	779	25	expensing	expense	VERB
ftr-433	779	26	’s	’s	PART
ftr-433	779	27	impact	impact	NOUN
ftr-433	779	28	on	on	ADP
ftr-433	779	29	the	the	DET
ftr-433	779	30	measurement	measurement	NOUN
ftr-433	779	31	of	of	ADP
ftr-433	779	32	dw	dw	PROPN
ftr-433	779	33	to	to	PART
ftr-433	779	34	be	be	AUX
ftr-433	779	35	the	the	DET
ftr-433	779	36	reason	reason	NOUN
ftr-433	779	37	.	.	PUNCT
ftr-433	780	1	112	112	NUM
ftr-433	780	2	.	.	PUNCT
ftr-433	781	1	in	in	ADP
ftr-433	781	2	other	other	ADJ
ftr-433	781	3	words	word	NOUN
ftr-433	781	4	,	,	PUNCT
ftr-433	781	5	a	a	DET
ftr-433	781	6	realization	realization	NOUN
ftr-433	781	7	-	-	PUNCT
ftr-433	781	8	based	base	VERB
ftr-433	781	9	income	income	NOUN
ftr-433	781	10	tax	tax	NOUN
ftr-433	781	11	is	be	AUX
ftr-433	781	12	not	not	PART
ftr-433	781	13	an	an	DET
ftr-433	781	14	excise	excise	NOUN
ftr-433	781	15	tax	tax	NOUN
ftr-433	781	16	on	on	ADP
ftr-433	781	17	investment	investment	NOUN
ftr-433	781	18	coupled	couple	VERB
ftr-433	781	19	with	with	ADP
ftr-433	781	20	an	an	DET
ftr-433	781	21	income	income	NOUN
ftr-433	781	22	tax	tax	NOUN
ftr-433	781	23	on	on	ADP
ftr-433	781	24	both	both	PRON
ftr-433	781	25	earnings	earning	NOUN
ftr-433	781	26	and	and	CCONJ
ftr-433	781	27	capital	capital	NOUN
ftr-433	781	28	income	income	NOUN
ftr-433	781	29	.	.	PUNCT
ftr-433	782	1	surrogate	surrogate	VERB
ftr-433	782	2	for	for	ADP
ftr-433	782	3	cash	cash	NOUN
ftr-433	782	4	flow	flow	NOUN
ftr-433	782	5	accounting	accounting	NOUN
ftr-433	782	6	,	,	PUNCT
ftr-433	782	7	policy	policy	NOUN
ftr-433	782	8	makers	maker	NOUN
ftr-433	782	9	should	should	AUX
ftr-433	782	10	not	not	PART
ftr-433	782	11	assume	assume	VERB
ftr-433	782	12	that	that	SCONJ
ftr-433	782	13	it	it	PRON
ftr-433	782	14	is	be	AUX
ftr-433	782	15	the	the	DET
ftr-433	782	16	correct	correct	ADJ
ftr-433	782	17	paradigm	paradigm	NOUN
ftr-433	782	18	either.111	either.111	PROPN
ftr-433	782	19	rather	rather	ADV
ftr-433	782	20	,	,	PUNCT
ftr-433	782	21	the	the	DET
ftr-433	782	22	fundamental	fundamental	ADJ
ftr-433	782	23	feature	feature	NOUN
ftr-433	782	24	of	of	ADP
ftr-433	782	25	capital	capital	NOUN
ftr-433	782	26	income	income	NOUN
ftr-433	782	27	taxation	taxation	NOUN
ftr-433	782	28	under	under	ADP
ftr-433	782	29	the	the	DET
ftr-433	782	30	u.s	u.s	PROPN
ftr-433	782	31	.	.	PROPN
ftr-433	782	32	rbit	rbit	PROPN
ftr-433	782	33	base	base	NOUN
ftr-433	782	34	is	be	AUX
ftr-433	782	35	that	that	PRON
ftr-433	782	36	of	of	ADP
ftr-433	782	37	tax	tax	NOUN
ftr-433	782	38	-	-	PUNCT
ftr-433	782	39	free	free	ADJ
ftr-433	782	40	capital	capital	NOUN
ftr-433	782	41	cost	cost	NOUN
ftr-433	782	42	recovery	recovery	NOUN
ftr-433	782	43	.	.	PUNCT
ftr-433	783	1	because	because	SCONJ
ftr-433	783	2	a	a	DET
ftr-433	783	3	rbit	rbit	NOUN
ftr-433	783	4	base	base	NOUN
ftr-433	783	5	,	,	PUNCT
ftr-433	783	6	like	like	ADP
ftr-433	783	7	an	an	DET
ftr-433	783	8	amit	amit	NOUN
ftr-433	783	9	base	base	NOUN
ftr-433	783	10	,	,	PUNCT
ftr-433	783	11	taxes	taxis	NOUN
ftr-433	783	12	invested	invest	VERB
ftr-433	783	13	earnings	earning	NOUN
ftr-433	783	14	,	,	PUNCT
ftr-433	783	15	it	it	PRON
ftr-433	783	16	is	be	AUX
ftr-433	783	17	necessary	necessary	ADJ
ftr-433	783	18	to	to	PART
ftr-433	783	19	recoup	recoup	VERB
ftr-433	783	20	or	or	CCONJ
ftr-433	783	21	recover	recover	VERB
ftr-433	783	22	those	those	DET
ftr-433	783	23	taxed	tax	VERB
ftr-433	783	24	invested	invest	VERB
ftr-433	783	25	earnings	earning	NOUN
ftr-433	783	26	at	at	ADP
ftr-433	783	27	some	some	DET
ftr-433	783	28	point	point	NOUN
ftr-433	783	29	in	in	ADP
ftr-433	783	30	time	time	NOUN
ftr-433	783	31	from	from	ADP
ftr-433	783	32	otherwise	otherwise	ADV
ftr-433	783	33	taxable	taxable	ADJ
ftr-433	783	34	realized	realize	VERB
ftr-433	783	35	income	income	NOUN
ftr-433	783	36	.	.	PUNCT
ftr-433	784	1	otherwise	otherwise	ADV
ftr-433	784	2	,	,	PUNCT
ftr-433	784	3	a	a	DET
ftr-433	784	4	rbit	rbit	NOUN
ftr-433	784	5	would	would	AUX
ftr-433	784	6	tax	tax	VERB
ftr-433	784	7	invested	invest	VERB
ftr-433	784	8	earnings	earning	NOUN
ftr-433	784	9	twice	twice	ADV
ftr-433	784	10	,	,	PUNCT
ftr-433	784	11	an	an	DET
ftr-433	784	12	amit	amit	NOUN
ftr-433	784	13	once	once	ADV
ftr-433	784	14	,	,	PUNCT
ftr-433	784	15	and	and	CCONJ
ftr-433	784	16	a	a	DET
ftr-433	784	17	cfit	cfit	NOUN
ftr-433	784	18	not	not	PART
ftr-433	784	19	at	at	ADV
ftr-433	784	20	all	all	ADV
ftr-433	784	21	.	.	PUNCT
ftr-433	785	1	like	like	ADP
ftr-433	785	2	an	an	DET
ftr-433	785	3	amit	amit	NOUN
ftr-433	785	4	,	,	PUNCT
ftr-433	785	5	a	a	DET
ftr-433	785	6	rbit	rbit	NOUN
ftr-433	785	7	is	be	AUX
ftr-433	785	8	a	a	DET
ftr-433	785	9	tax	tax	NOUN
ftr-433	785	10	on	on	ADP
ftr-433	785	11	net	net	ADJ
ftr-433	785	12	increases	increase	NOUN
ftr-433	785	13	in	in	ADP
ftr-433	785	14	wealth	wealth	NOUN
ftr-433	785	15	,	,	PUNCT
ftr-433	785	16	not	not	PART
ftr-433	785	17	a	a	DET
ftr-433	785	18	tax	tax	NOUN
ftr-433	785	19	on	on	ADP
ftr-433	785	20	capital	capital	NOUN
ftr-433	785	21	(	(	PUNCT
ftr-433	785	22	or	or	CCONJ
ftr-433	785	23	after	after	ADP
ftr-433	785	24	-	-	PUNCT
ftr-433	785	25	tax	tax	NOUN
ftr-433	785	26	wealth	wealth	NOUN
ftr-433	785	27	)	)	PUNCT
ftr-433	785	28	per	per	ADP
ftr-433	785	29	se	se	X
ftr-433	785	30	.	.	PUNCT
ftr-433	786	1	however,112	however,112	PROPN
ftr-433	786	2	unlike	unlike	ADP
ftr-433	786	3	an	an	DET
ftr-433	786	4	amit	amit	NOUN
ftr-433	786	5	,	,	PUNCT
ftr-433	786	6	which	which	DET
ftr-433	786	7	measures	measure	NOUN
ftr-433	786	8	and	and	CCONJ
ftr-433	786	9	taxes	taxis	NOUN
ftr-433	786	10	all	all	DET
ftr-433	786	11	changes	change	NOUN
ftr-433	786	12	in	in	ADP
ftr-433	786	13	wealth	wealth	NOUN
ftr-433	786	14	between	between	ADP
ftr-433	786	15	acquisition	acquisition	NOUN
ftr-433	786	16	and	and	CCONJ
ftr-433	786	17	disposition	disposition	NOUN
ftr-433	786	18	,	,	PUNCT
ftr-433	786	19	rbit	rbit	ADJ
ftr-433	786	20	income	income	NOUN
ftr-433	786	21	is	be	AUX
ftr-433	786	22	measured	measure	VERB
ftr-433	786	23	by	by	ADP
ftr-433	786	24	the	the	DET
ftr-433	786	25	difference	difference	NOUN
ftr-433	786	26	between	between	ADP
ftr-433	786	27	already	already	ADV
ftr-433	786	28	-	-	PUNCT
ftr-433	786	29	taxed	tax	VERB
ftr-433	786	30	dollars	dollar	NOUN
ftr-433	786	31	invested	invest	VERB
ftr-433	786	32	in	in	ADP
ftr-433	786	33	an	an	DET
ftr-433	786	34	asset	asset	NOUN
ftr-433	786	35	at	at	ADP
ftr-433	786	36	the	the	DET
ftr-433	786	37	time	time	NOUN
ftr-433	786	38	of	of	ADP
ftr-433	786	39	its	its	PRON
ftr-433	786	40	acquisition	acquisition	NOUN
ftr-433	786	41	,	,	PUNCT
ftr-433	786	42	as	as	SCONJ
ftr-433	786	43	measured	measure	VERB
ftr-433	786	44	by	by	ADP
ftr-433	786	45	an	an	DET
ftr-433	786	46	asset	asset	NOUN
ftr-433	786	47	’s	’s	PART
ftr-433	786	48	basis	basis	NOUN
ftr-433	786	49	,	,	PUNCT
ftr-433	786	50	and	and	CCONJ
ftr-433	786	51	the	the	DET
ftr-433	786	52	terminal	terminal	ADJ
ftr-433	786	53	realized	realize	VERB
ftr-433	786	54	value	value	NOUN
ftr-433	786	55	(	(	PUNCT
ftr-433	786	56	amount	amount	NOUN
ftr-433	786	57	realized	realize	VERB
ftr-433	786	58	)	)	PUNCT
ftr-433	786	59	of	of	ADP
ftr-433	786	60	the	the	DET
ftr-433	786	61	asset	asset	NOUN
ftr-433	786	62	at	at	ADP
ftr-433	786	63	the	the	DET
ftr-433	786	64	time	time	NOUN
ftr-433	786	65	of	of	ADP
ftr-433	786	66	its	its	PRON
ftr-433	786	67	disposition	disposition	NOUN
ftr-433	786	68	or	or	CCONJ
ftr-433	786	69	other	other	ADJ
ftr-433	786	70	realization	realization	NOUN
ftr-433	786	71	event	event	NOUN
ftr-433	786	72	.	.	PUNCT
ftr-433	787	1	basis	basis	NOUN
ftr-433	787	2	in	in	ADP
ftr-433	787	3	a	a	DET
ftr-433	787	4	rbit	rbit	NOUN
ftr-433	787	5	is	be	AUX
ftr-433	787	6	somewhat	somewhat	ADV
ftr-433	787	7	analogous	analogous	ADJ
ftr-433	787	8	to	to	ADP
ftr-433	787	9	the	the	DET
ftr-433	787	10	initial	initial	ADJ
ftr-433	787	11	value	value	NOUN
ftr-433	787	12	of	of	ADP
ftr-433	787	13	an	an	DET
ftr-433	787	14	acquired	acquire	VERB
ftr-433	787	15	asset	asset	NOUN
ftr-433	787	16	in	in	ADP
ftr-433	787	17	an	an	DET
ftr-433	787	18	amit	amit	NOUN
ftr-433	787	19	.	.	PUNCT
ftr-433	788	1	if	if	SCONJ
ftr-433	788	2	the	the	DET
ftr-433	788	3	asset	asset	NOUN
ftr-433	788	4	produces	produce	VERB
ftr-433	788	5	net	net	ADJ
ftr-433	788	6	cumulative	cumulative	ADJ
ftr-433	788	7	income	income	NOUN
ftr-433	788	8	or	or	CCONJ
ftr-433	788	9	appreciates	appreciate	VERB
ftr-433	788	10	in	in	ADP
ftr-433	788	11	value	value	NOUN
ftr-433	788	12	,	,	PUNCT
ftr-433	788	13	the	the	DET
ftr-433	788	14	initial	initial	ADJ
ftr-433	788	15	value	value	NOUN
ftr-433	788	16	(	(	PUNCT
ftr-433	788	17	or	or	CCONJ
ftr-433	788	18	basis	basis	NOUN
ftr-433	788	19	)	)	PUNCT
ftr-433	788	20	of	of	ADP
ftr-433	788	21	the	the	DET
ftr-433	788	22	asset	asset	NOUN
ftr-433	788	23	is	be	AUX
ftr-433	788	24	not	not	PART
ftr-433	788	25	taxed	tax	VERB
ftr-433	788	26	again	again	ADV
ftr-433	788	27	–	–	PUNCT
ftr-433	788	28	only	only	ADV
ftr-433	788	29	the	the	DET
ftr-433	788	30	difference	difference	NOUN
ftr-433	788	31	between	between	ADP
ftr-433	788	32	the	the	DET
ftr-433	788	33	initial	initial	ADJ
ftr-433	788	34	value	value	NOUN
ftr-433	788	35	(	(	PUNCT
ftr-433	788	36	or	or	CCONJ
ftr-433	788	37	basis	basis	NOUN
ftr-433	788	38	)	)	PUNCT
ftr-433	788	39	and	and	CCONJ
ftr-433	788	40	the	the	DET
ftr-433	788	41	asset	asset	NOUN
ftr-433	788	42	’s	’s	PART
ftr-433	788	43	terminal	terminal	NOUN
ftr-433	788	44	(	(	PUNCT
ftr-433	788	45	realized	realize	VERB
ftr-433	788	46	)	)	PUNCT
ftr-433	788	47	value	value	NOUN
ftr-433	788	48	enters	enter	VERB
ftr-433	788	49	the	the	DET
ftr-433	788	50	tax	tax	NOUN
ftr-433	788	51	base	base	NOUN
ftr-433	788	52	.	.	PUNCT
ftr-433	789	1	under	under	ADP
ftr-433	789	2	the	the	DET
ftr-433	789	3	broadest	broad	ADJ
ftr-433	789	4	articulation	articulation	NOUN
ftr-433	789	5	of	of	ADP
ftr-433	789	6	this	this	DET
ftr-433	789	7	paradigm	paradigm	NOUN
ftr-433	789	8	,	,	PUNCT
ftr-433	789	9	a	a	DET
ftr-433	789	10	rbit	rbit	NOUN
ftr-433	789	11	base	base	NOUN
ftr-433	789	12	taxpayer	taxpayer	NOUN
ftr-433	789	13	is	be	AUX
ftr-433	789	14	normatively	normatively	ADV
ftr-433	789	15	entitled	entitle	VERB
ftr-433	789	16	to	to	PART
ftr-433	789	17	completely	completely	ADV
ftr-433	789	18	recover	recover	VERB
ftr-433	789	19	his	his	PRON
ftr-433	789	20	or	or	CCONJ
ftr-433	789	21	her	her	PRON
ftr-433	789	22	after	after	ADP
ftr-433	789	23	-	-	PUNCT
ftr-433	789	24	tax	tax	NOUN
ftr-433	789	25	dollar	dollar	NOUN
ftr-433	789	26	investment	investment	NOUN
ftr-433	789	27	in	in	ADP
ftr-433	789	28	a	a	DET
ftr-433	789	29	real	real	ADJ
ftr-433	789	30	asset	asset	NOUN
ftr-433	789	31	from	from	ADP
ftr-433	789	32	otherwise	otherwise	ADV
ftr-433	789	33	taxable	taxable	ADJ
ftr-433	789	34	gross	gross	ADJ
ftr-433	789	35	income	income	NOUN
ftr-433	789	36	through	through	ADP
ftr-433	789	37	the	the	DET
ftr-433	789	38	medium	medium	NOUN
ftr-433	789	39	of	of	ADP
ftr-433	789	40	some	some	DET
ftr-433	789	41	form	form	NOUN
ftr-433	789	42	of	of	ADP
ftr-433	789	43	tax	tax	NOUN
ftr-433	789	44	base	base	NOUN
ftr-433	789	45	reduction	reduction	NOUN
ftr-433	789	46	equal	equal	ADJ
ftr-433	789	47	in	in	ADP
ftr-433	789	48	amount	amount	NOUN
ftr-433	789	49	to	to	ADP
ftr-433	789	50	the	the	DET
ftr-433	789	51	after	after	ADP
ftr-433	789	52	-	-	PUNCT
ftr-433	789	53	tax	tax	NOUN
ftr-433	789	54	dollar	dollar	NOUN
ftr-433	789	55	investment	investment	NOUN
ftr-433	789	56	in	in	ADP
ftr-433	789	57	the	the	DET
ftr-433	789	58	asset	asset	NOUN
ftr-433	789	59	at	at	ADP
ftr-433	789	60	some	some	DET
ftr-433	789	61	point	point	NOUN
ftr-433	789	62	in	in	ADP
ftr-433	789	63	time	time	NOUN
ftr-433	789	64	.	.	PUNCT
ftr-433	790	1	4	4	X
ftr-433	790	2	.	.	X
ftr-433	790	3	the	the	DET
ftr-433	790	4	role	role	NOUN
ftr-433	790	5	of	of	ADP
ftr-433	790	6	cost	cost	NOUN
ftr-433	790	7	recovery	recovery	NOUN
ftr-433	790	8	deductions.—within	deductions.—within	NOUN
ftr-433	790	9	the	the	DET
ftr-433	790	10	u.s	u.s	PROPN
ftr-433	790	11	.	.	PROPN
ftr-433	790	12	rbit	rbit	PROPN
ftr-433	790	13	,	,	PUNCT
ftr-433	790	14	cost	cost	NOUN
ftr-433	790	15	recovery	recovery	NOUN
ftr-433	790	16	deductions	deduction	NOUN
ftr-433	790	17	further	far	ADV
ftr-433	790	18	the	the	DET
ftr-433	790	19	dual	dual	ADJ
ftr-433	790	20	purpose	purpose	NOUN
ftr-433	790	21	of	of	ADP
ftr-433	790	22	accounting	account	VERB
ftr-433	790	23	for	for	ADP
ftr-433	790	24	both	both	CCONJ
ftr-433	790	25	the	the	DET
ftr-433	790	26	wasting	waste	VERB
ftr-433	790	27	investment	investment	NOUN
ftr-433	790	28	in	in	ADP
ftr-433	790	29	a	a	DET
ftr-433	790	30	productive	productive	ADJ
ftr-433	790	31	asset	asset	NOUN
ftr-433	790	32	and	and	CCONJ
ftr-433	790	33	the	the	DET
ftr-433	790	34	net	net	ADJ
ftr-433	790	35	income	income	NOUN
ftr-433	790	36	produced	produce	VERB
ftr-433	790	37	by	by	ADP
ftr-433	790	38	the	the	DET
ftr-433	790	39	asset	asset	NOUN
ftr-433	790	40	.	.	PUNCT
ftr-433	791	1	this	this	PRON
ftr-433	791	2	is	be	AUX
ftr-433	791	3	in	in	ADP
ftr-433	791	4	contrast	contrast	NOUN
ftr-433	791	5	to	to	ADP
ftr-433	791	6	both	both	DET
ftr-433	791	7	an	an	DET
ftr-433	791	8	amit	amit	NOUN
ftr-433	791	9	,	,	PUNCT
ftr-433	791	10	which	which	PRON
ftr-433	791	11	uses	use	VERB
ftr-433	791	12	economic	economic	ADJ
ftr-433	791	13	depreciation	depreciation	NOUN
ftr-433	791	14	solely	solely	ADV
ftr-433	791	15	to	to	PART
ftr-433	791	16	account	account	VERB
ftr-433	791	17	for	for	ADP
ftr-433	791	18	fluctuations	fluctuation	NOUN
ftr-433	791	19	in	in	ADP
ftr-433	791	20	value	value	NOUN
ftr-433	791	21	of	of	ADP
ftr-433	791	22	the	the	DET
ftr-433	791	23	underlying	underlie	VERB
ftr-433	791	24	asset	asset	NOUN
ftr-433	791	25	,	,	PUNCT
ftr-433	791	26	and	and	CCONJ
ftr-433	791	27	a	a	DET
ftr-433	791	28	cfit	cfit	NOUN
ftr-433	791	29	,	,	PUNCT
ftr-433	791	30	which	which	PRON
ftr-433	791	31	uses	use	VERB
ftr-433	791	32	offsetting	offset	VERB
ftr-433	791	33	cash	cash	NOUN
ftr-433	791	34	flows	flow	NOUN
ftr-433	791	35	to	to	PART
ftr-433	791	36	separately	separately	ADV
ftr-433	791	37	account	account	VERB
ftr-433	791	38	for	for	ADP
ftr-433	791	39	the	the	DET
ftr-433	791	40	initial	initial	ADJ
ftr-433	791	41	investment	investment	NOUN
ftr-433	791	42	(	(	PUNCT
ftr-433	791	43	tax	tax	NOUN
ftr-433	791	44	base	base	NOUN
ftr-433	791	45	decrease	decrease	NOUN
ftr-433	791	46	)	)	PUNCT
ftr-433	791	47	and	and	CCONJ
ftr-433	791	48	the	the	DET
ftr-433	791	49	subsequent	subsequent	ADJ
ftr-433	791	50	economic	economic	ADJ
ftr-433	791	51	yield	yield	NOUN
ftr-433	791	52	(	(	PUNCT
ftr-433	791	53	tax	tax	NOUN
ftr-433	791	54	base	base	NOUN
ftr-433	791	55	increase	increase	NOUN
ftr-433	791	56	)	)	PUNCT
ftr-433	791	57	produced	produce	VERB
ftr-433	791	58	by	by	ADP
ftr-433	791	59	a	a	DET
ftr-433	791	60	productive	productive	ADJ
ftr-433	791	61	asset	asset	NOUN
ftr-433	791	62	.	.	PUNCT
ftr-433	792	1	502	502	NUM
ftr-433	792	2	florida	florida	PROPN
ftr-433	792	3	tax	tax	NOUN
ftr-433	792	4	review	review	NOUN
ftr-433	793	1	[	[	X
ftr-433	793	2	vol	vol	NOUN
ftr-433	793	3	.	.	PUNCT
ftr-433	793	4	5:7	5:7	NUM
ftr-433	793	5	113	113	NUM
ftr-433	793	6	.	.	PUNCT
ftr-433	794	1	see	see	VERB
ftr-433	794	2	schenk	schenk	PROPN
ftr-433	794	3	,	,	PUNCT
ftr-433	794	4	supra	supra	PROPN
ftr-433	794	5	note	note	PROPN
ftr-433	794	6	15	15	NUM
ftr-433	794	7	,	,	PUNCT
ftr-433	794	8	and	and	CCONJ
ftr-433	794	9	works	work	NOUN
ftr-433	794	10	cited	cite	VERB
ftr-433	794	11	therein	therein	ADV
ftr-433	794	12	.	.	PUNCT
ftr-433	795	1	114	114	NUM
ftr-433	795	2	.	.	PUNCT
ftr-433	796	1	see	see	VERB
ftr-433	796	2	graetz	graetz	PROPN
ftr-433	796	3	,	,	PUNCT
ftr-433	796	4	supra	supra	PROPN
ftr-433	796	5	note	note	PROPN
ftr-433	796	6	14	14	NUM
ftr-433	796	7	;	;	PUNCT
ftr-433	796	8	henry	henry	PROPN
ftr-433	796	9	j.	j.	PROPN
ftr-433	796	10	lischer	lischer	PROPN
ftr-433	796	11	,	,	PUNCT
ftr-433	796	12	depreciation	depreciation	NOUN
ftr-433	796	13	policy	policy	NOUN
ftr-433	796	14	:	:	PUNCT
ftr-433	796	15	whither	whither	NOUN
ftr-433	796	16	thou	thou	ADJ
ftr-433	796	17	goest	goest	NOUN
ftr-433	796	18	?	?	PUNCT
ftr-433	796	19	,	,	PUNCT
ftr-433	796	20	32	32	NUM
ftr-433	796	21	sw	sw	NOUN
ftr-433	796	22	.	.	PUNCT
ftr-433	797	1	l.j	l.j	PROPN
ftr-433	797	2	.	.	PROPN
ftr-433	797	3	545	545	NUM
ftr-433	797	4	,	,	PUNCT
ftr-433	797	5	546	546	NUM
ftr-433	797	6	,	,	PUNCT
ftr-433	797	7	555	555	NUM
ftr-433	797	8	(	(	PUNCT
ftr-433	797	9	1978	1978	NUM
ftr-433	797	10	)	)	PUNCT
ftr-433	797	11	.	.	PUNCT
ftr-433	798	1	if	if	SCONJ
ftr-433	798	2	an	an	DET
ftr-433	798	3	asset	asset	NOUN
ftr-433	798	4	has	have	VERB
ftr-433	798	5	an	an	DET
ftr-433	798	6	indeterminate	indeterminate	ADJ
ftr-433	798	7	economic	economic	ADJ
ftr-433	798	8	life	life	NOUN
ftr-433	798	9	,	,	PUNCT
ftr-433	798	10	such	such	ADJ
ftr-433	798	11	as	as	ADP
ftr-433	798	12	corporate	corporate	ADJ
ftr-433	798	13	stock	stock	NOUN
ftr-433	798	14	,	,	PUNCT
ftr-433	798	15	a	a	DET
ftr-433	798	16	rbit	rbit	NOUN
ftr-433	798	17	base	base	NOUN
ftr-433	798	18	accounting	accounting	NOUN
ftr-433	798	19	for	for	ADP
ftr-433	798	20	the	the	DET
ftr-433	798	21	difference	difference	NOUN
ftr-433	798	22	between	between	ADP
ftr-433	798	23	the	the	DET
ftr-433	798	24	initial	initial	ADJ
ftr-433	798	25	cost	cost	NOUN
ftr-433	798	26	and	and	CCONJ
ftr-433	798	27	the	the	DET
ftr-433	798	28	terminal	terminal	ADJ
ftr-433	798	29	realized	realize	VERB
ftr-433	798	30	value	value	NOUN
ftr-433	798	31	can	can	AUX
ftr-433	798	32	not	not	PART
ftr-433	798	33	take	take	VERB
ftr-433	798	34	place	place	NOUN
ftr-433	798	35	until	until	ADP
ftr-433	798	36	disposition	disposition	NOUN
ftr-433	798	37	of	of	ADP
ftr-433	798	38	the	the	DET
ftr-433	798	39	asset	asset	NOUN
ftr-433	798	40	,	,	PUNCT
ftr-433	798	41	at	at	ADP
ftr-433	798	42	which	which	DET
ftr-433	798	43	time	time	NOUN
ftr-433	798	44	the	the	DET
ftr-433	798	45	full	full	ADJ
ftr-433	798	46	unreduced	unreduced	ADJ
ftr-433	798	47	cost	cost	NOUN
ftr-433	798	48	basis	basis	NOUN
ftr-433	798	49	is	be	AUX
ftr-433	798	50	utilized	utilize	VERB
ftr-433	798	51	as	as	ADP
ftr-433	798	52	an	an	DET
ftr-433	798	53	offset	offset	NOUN
ftr-433	798	54	against	against	ADP
ftr-433	798	55	the	the	DET
ftr-433	798	56	amount	amount	NOUN
ftr-433	798	57	realized	realize	VERB
ftr-433	798	58	.	.	PUNCT
ftr-433	799	1	this	this	PRON
ftr-433	799	2	is	be	AUX
ftr-433	799	3	appropriate	appropriate	ADJ
ftr-433	799	4	structural	structural	ADJ
ftr-433	799	5	treatment	treatment	NOUN
ftr-433	799	6	for	for	ADP
ftr-433	799	7	such	such	ADJ
ftr-433	799	8	assets	asset	NOUN
ftr-433	799	9	because	because	SCONJ
ftr-433	799	10	a	a	DET
ftr-433	799	11	rbit	rbit	NOUN
ftr-433	799	12	does	do	AUX
ftr-433	799	13	not	not	PART
ftr-433	799	14	take	take	VERB
ftr-433	799	15	into	into	ADP
ftr-433	799	16	account	account	NOUN
ftr-433	799	17	interim	interim	ADJ
ftr-433	799	18	unrealized	unrealized	ADJ
ftr-433	799	19	fluctuations	fluctuation	NOUN
ftr-433	799	20	in	in	ADP
ftr-433	799	21	asset	asset	NOUN
ftr-433	799	22	value	value	NOUN
ftr-433	799	23	.	.	PUNCT
ftr-433	800	1	however	however	ADV
ftr-433	800	2	,	,	PUNCT
ftr-433	800	3	the	the	DET
ftr-433	800	4	deferral	deferral	NOUN
ftr-433	800	5	of	of	ADP
ftr-433	800	6	the	the	DET
ftr-433	800	7	tax	tax	NOUN
ftr-433	800	8	base	base	NOUN
ftr-433	800	9	accounting	account	VERB
ftr-433	800	10	for	for	ADP
ftr-433	800	11	gain	gain	NOUN
ftr-433	800	12	or	or	CCONJ
ftr-433	800	13	loss	loss	NOUN
ftr-433	800	14	caused	cause	VERB
ftr-433	800	15	by	by	ADP
ftr-433	800	16	the	the	DET
ftr-433	800	17	realization	realization	NOUN
ftr-433	800	18	requirement	requirement	NOUN
ftr-433	800	19	creates	create	VERB
ftr-433	800	20	a	a	DET
ftr-433	800	21	well	well	ADV
ftr-433	800	22	-	-	PUNCT
ftr-433	800	23	recognized	recognize	VERB
ftr-433	800	24	financial	financial	ADJ
ftr-433	800	25	distortion	distortion	NOUN
ftr-433	800	26	when	when	SCONJ
ftr-433	800	27	compared	compare	VERB
ftr-433	800	28	to	to	ADP
ftr-433	800	29	an	an	DET
ftr-433	800	30	amit	amit	NOUN
ftr-433	800	31	base	base	NOUN
ftr-433	800	32	that	that	PRON
ftr-433	800	33	measures	measure	NOUN
ftr-433	800	34	and	and	CCONJ
ftr-433	800	35	taxes	taxis	NOUN
ftr-433	800	36	those	those	DET
ftr-433	800	37	interim	interim	ADJ
ftr-433	800	38	fluctuations	fluctuation	NOUN
ftr-433	800	39	prior	prior	ADV
ftr-433	800	40	to	to	ADP
ftr-433	800	41	disposition.113	disposition.113	PROPN
ftr-433	800	42	on	on	ADP
ftr-433	800	43	the	the	DET
ftr-433	800	44	other	other	ADJ
ftr-433	800	45	hand	hand	NOUN
ftr-433	800	46	,	,	PUNCT
ftr-433	800	47	if	if	SCONJ
ftr-433	800	48	an	an	DET
ftr-433	800	49	asset	asset	NOUN
ftr-433	800	50	is	be	AUX
ftr-433	800	51	self	self	NOUN
ftr-433	800	52	-	-	PUNCT
ftr-433	800	53	exhausting	exhaust	VERB
ftr-433	800	54	(	(	PUNCT
ftr-433	800	55	physically	physically	ADV
ftr-433	800	56	or	or	CCONJ
ftr-433	800	57	economically	economically	ADV
ftr-433	800	58	)	)	PUNCT
ftr-433	800	59	and	and	CCONJ
ftr-433	800	60	has	have	VERB
ftr-433	800	61	a	a	DET
ftr-433	800	62	reasonably	reasonably	ADV
ftr-433	800	63	known	know	VERB
ftr-433	800	64	and	and	CCONJ
ftr-433	800	65	limited	limited	ADJ
ftr-433	800	66	economic	economic	ADJ
ftr-433	800	67	life	life	NOUN
ftr-433	800	68	,	,	PUNCT
ftr-433	800	69	deferring	defer	VERB
ftr-433	800	70	all	all	DET
ftr-433	800	71	cost	cost	NOUN
ftr-433	800	72	recovery	recovery	NOUN
ftr-433	800	73	until	until	SCONJ
ftr-433	800	74	abandonment	abandonment	NOUN
ftr-433	800	75	or	or	CCONJ
ftr-433	800	76	disposition	disposition	NOUN
ftr-433	800	77	of	of	ADP
ftr-433	800	78	the	the	DET
ftr-433	800	79	asset	asset	NOUN
ftr-433	800	80	causes	cause	VERB
ftr-433	800	81	a	a	DET
ftr-433	800	82	similar	similar	ADJ
ftr-433	800	83	financial	financial	ADJ
ftr-433	800	84	distortion	distortion	NOUN
ftr-433	800	85	in	in	ADP
ftr-433	800	86	the	the	DET
ftr-433	800	87	tax	tax	NOUN
ftr-433	800	88	base	base	NOUN
ftr-433	800	89	that	that	PRON
ftr-433	800	90	is	be	AUX
ftr-433	800	91	not	not	PART
ftr-433	800	92	a	a	DET
ftr-433	800	93	product	product	NOUN
ftr-433	800	94	of	of	ADP
ftr-433	800	95	the	the	DET
ftr-433	800	96	realization	realization	NOUN
ftr-433	800	97	requirement	requirement	NOUN
ftr-433	800	98	.	.	PUNCT
ftr-433	801	1	the	the	DET
ftr-433	801	2	issue	issue	NOUN
ftr-433	801	3	is	be	AUX
ftr-433	801	4	not	not	PART
ftr-433	801	5	when	when	SCONJ
ftr-433	801	6	and	and	CCONJ
ftr-433	801	7	how	how	SCONJ
ftr-433	801	8	to	to	PART
ftr-433	801	9	account	account	VERB
ftr-433	801	10	for	for	ADP
ftr-433	801	11	the	the	DET
ftr-433	801	12	diminution	diminution	NOUN
ftr-433	801	13	in	in	ADP
ftr-433	801	14	value	value	NOUN
ftr-433	801	15	of	of	ADP
ftr-433	801	16	the	the	DET
ftr-433	801	17	asset	asset	NOUN
ftr-433	801	18	but	but	CCONJ
ftr-433	801	19	how	how	SCONJ
ftr-433	801	20	to	to	PART
ftr-433	801	21	provide	provide	VERB
ftr-433	801	22	for	for	ADP
ftr-433	801	23	the	the	DET
ftr-433	801	24	tax	tax	NOUN
ftr-433	801	25	-	-	PUNCT
ftr-433	801	26	free	free	ADJ
ftr-433	801	27	recovery	recovery	NOUN
ftr-433	801	28	of	of	ADP
ftr-433	801	29	its	its	PRON
ftr-433	801	30	capital	capital	NOUN
ftr-433	801	31	cost	cost	NOUN
ftr-433	801	32	through	through	ADP
ftr-433	801	33	an	an	DET
ftr-433	801	34	offset	offset	NOUN
ftr-433	801	35	against	against	ADP
ftr-433	801	36	the	the	DET
ftr-433	801	37	tax	tax	NOUN
ftr-433	801	38	base	base	NOUN
ftr-433	801	39	.	.	PUNCT
ftr-433	802	1	in	in	ADP
ftr-433	802	2	addition	addition	NOUN
ftr-433	802	3	to	to	ADP
ftr-433	802	4	being	be	AUX
ftr-433	802	5	theoretically	theoretically	ADV
ftr-433	802	6	proper	proper	ADJ
ftr-433	802	7	,	,	PUNCT
ftr-433	802	8	it	it	PRON
ftr-433	802	9	is	be	AUX
ftr-433	802	10	not	not	PART
ftr-433	802	11	administratively	administratively	ADV
ftr-433	802	12	impractical	impractical	ADJ
ftr-433	802	13	to	to	PART
ftr-433	802	14	allow	allow	VERB
ftr-433	802	15	an	an	DET
ftr-433	802	16	appropriate	appropriate	ADJ
ftr-433	802	17	portion	portion	NOUN
ftr-433	802	18	of	of	ADP
ftr-433	802	19	the	the	DET
ftr-433	802	20	cost	cost	NOUN
ftr-433	802	21	basis	basis	NOUN
ftr-433	802	22	to	to	PART
ftr-433	802	23	be	be	AUX
ftr-433	802	24	recovered	recover	VERB
ftr-433	802	25	tax	tax	NOUN
ftr-433	802	26	-	-	PUNCT
ftr-433	802	27	free	free	ADJ
ftr-433	802	28	through	through	ADP
ftr-433	802	29	the	the	DET
ftr-433	802	30	medium	medium	NOUN
ftr-433	802	31	of	of	ADP
ftr-433	802	32	cost	cost	NOUN
ftr-433	802	33	-	-	PUNCT
ftr-433	802	34	recovery	recovery	NOUN
ftr-433	802	35	deductions	deduction	NOUN
ftr-433	802	36	prior	prior	ADV
ftr-433	802	37	to	to	ADP
ftr-433	802	38	realization	realization	NOUN
ftr-433	802	39	of	of	ADP
ftr-433	802	40	the	the	DET
ftr-433	802	41	asset	asset	NOUN
ftr-433	802	42	’s	’s	PART
ftr-433	802	43	terminal	terminal	ADJ
ftr-433	802	44	value	value	NOUN
ftr-433	802	45	through	through	ADP
ftr-433	802	46	disposition	disposition	NOUN
ftr-433	802	47	or	or	CCONJ
ftr-433	802	48	abandonment	abandonment	NOUN
ftr-433	802	49	.	.	PUNCT
ftr-433	803	1	such	such	ADJ
ftr-433	803	2	treatment	treatment	NOUN
ftr-433	803	3	is	be	AUX
ftr-433	803	4	particularly	particularly	ADV
ftr-433	803	5	apt	apt	ADJ
ftr-433	803	6	if	if	SCONJ
ftr-433	803	7	that	that	DET
ftr-433	803	8	terminal	terminal	ADJ
ftr-433	803	9	value	value	NOUN
ftr-433	803	10	will	will	AUX
ftr-433	803	11	approximate	approximate	VERB
ftr-433	803	12	zero	zero	NUM
ftr-433	803	13	because	because	SCONJ
ftr-433	803	14	there	there	PRON
ftr-433	803	15	may	may	AUX
ftr-433	803	16	be	be	AUX
ftr-433	803	17	insufficient	insufficient	ADJ
ftr-433	803	18	taxable	taxable	ADJ
ftr-433	803	19	income	income	NOUN
ftr-433	803	20	in	in	ADP
ftr-433	803	21	the	the	DET
ftr-433	803	22	year	year	NOUN
ftr-433	803	23	of	of	ADP
ftr-433	803	24	disposition	disposition	NOUN
ftr-433	803	25	to	to	PART
ftr-433	803	26	offset	offset	VERB
ftr-433	803	27	the	the	DET
ftr-433	803	28	deduction	deduction	NOUN
ftr-433	803	29	,	,	PUNCT
ftr-433	803	30	resulting	result	VERB
ftr-433	803	31	in	in	ADP
ftr-433	803	32	incomplete	incomplete	ADJ
ftr-433	803	33	recovery	recovery	NOUN
ftr-433	803	34	of	of	ADP
ftr-433	803	35	capital	capital	NOUN
ftr-433	803	36	.	.	PUNCT
ftr-433	804	1	logically	logically	ADV
ftr-433	804	2	,	,	PUNCT
ftr-433	804	3	there	there	PRON
ftr-433	804	4	are	be	VERB
ftr-433	804	5	three	three	NUM
ftr-433	804	6	ways	way	NOUN
ftr-433	804	7	that	that	PRON
ftr-433	804	8	rbit	rbit	VERB
ftr-433	804	9	base	base	NOUN
ftr-433	804	10	accounting	accounting	NOUN
ftr-433	804	11	could	could	AUX
ftr-433	804	12	approach	approach	VERB
ftr-433	804	13	capital	capital	NOUN
ftr-433	804	14	cost	cost	NOUN
ftr-433	804	15	recovery	recovery	NOUN
ftr-433	804	16	.	.	PUNCT
ftr-433	805	1	as	as	SCONJ
ftr-433	805	2	already	already	ADV
ftr-433	805	3	mentioned	mention	VERB
ftr-433	805	4	,	,	PUNCT
ftr-433	805	5	it	it	PRON
ftr-433	805	6	could	could	AUX
ftr-433	805	7	wait	wait	VERB
ftr-433	805	8	until	until	ADP
ftr-433	805	9	disposition	disposition	NOUN
ftr-433	805	10	or	or	CCONJ
ftr-433	805	11	abandonment	abandonment	NOUN
ftr-433	805	12	of	of	ADP
ftr-433	805	13	the	the	DET
ftr-433	805	14	asset	asset	NOUN
ftr-433	805	15	,	,	PUNCT
ftr-433	805	16	at	at	ADP
ftr-433	805	17	which	which	DET
ftr-433	805	18	time	time	NOUN
ftr-433	805	19	a	a	DET
ftr-433	805	20	loss	loss	NOUN
ftr-433	805	21	would	would	AUX
ftr-433	805	22	be	be	AUX
ftr-433	805	23	realized	realize	VERB
ftr-433	805	24	if	if	SCONJ
ftr-433	805	25	the	the	DET
ftr-433	805	26	unadjusted	unadjusted	ADJ
ftr-433	805	27	basis	basis	NOUN
ftr-433	805	28	account	account	NOUN
ftr-433	805	29	was	be	AUX
ftr-433	805	30	treated	treat	VERB
ftr-433	805	31	as	as	ADP
ftr-433	805	32	an	an	DET
ftr-433	805	33	offset	offset	NOUN
ftr-433	805	34	against	against	ADP
ftr-433	805	35	the	the	DET
ftr-433	805	36	tax	tax	NOUN
ftr-433	805	37	base	base	NOUN
ftr-433	805	38	.	.	PUNCT
ftr-433	806	1	second	second	ADJ
ftr-433	806	2	,	,	PUNCT
ftr-433	806	3	it	it	PRON
ftr-433	806	4	could	could	AUX
ftr-433	806	5	allocate	allocate	VERB
ftr-433	806	6	a	a	DET
ftr-433	806	7	portion	portion	NOUN
ftr-433	806	8	of	of	ADP
ftr-433	806	9	the	the	DET
ftr-433	806	10	initial	initial	ADJ
ftr-433	806	11	cost	cost	NOUN
ftr-433	806	12	to	to	ADP
ftr-433	806	13	each	each	DET
ftr-433	806	14	period	period	NOUN
ftr-433	806	15	of	of	ADP
ftr-433	806	16	the	the	DET
ftr-433	806	17	anticipated	anticipate	VERB
ftr-433	806	18	economic	economic	ADJ
ftr-433	806	19	life	life	NOUN
ftr-433	806	20	of	of	ADP
ftr-433	806	21	the	the	DET
ftr-433	806	22	asset	asset	NOUN
ftr-433	806	23	,	,	PUNCT
ftr-433	806	24	allow	allow	VERB
ftr-433	806	25	a	a	DET
ftr-433	806	26	deduction	deduction	NOUN
ftr-433	806	27	for	for	ADP
ftr-433	806	28	each	each	DET
ftr-433	806	29	year	year	NOUN
ftr-433	806	30	’s	’s	PART
ftr-433	806	31	cost	cost	NOUN
ftr-433	806	32	allocation	allocation	NOUN
ftr-433	806	33	,	,	PUNCT
ftr-433	806	34	and	and	CCONJ
ftr-433	806	35	adjust	adjust	VERB
ftr-433	806	36	the	the	DET
ftr-433	806	37	unrecovered	unrecovered	ADJ
ftr-433	806	38	cost	cost	NOUN
ftr-433	806	39	account	account	NOUN
ftr-433	806	40	(	(	PUNCT
ftr-433	806	41	basis	basis	NOUN
ftr-433	806	42	)	)	PUNCT
ftr-433	806	43	downward	downward	ADV
ftr-433	806	44	to	to	PART
ftr-433	806	45	reflect	reflect	VERB
ftr-433	806	46	cost	cost	NOUN
ftr-433	806	47	recovery	recovery	NOUN
ftr-433	806	48	deductions	deduction	NOUN
ftr-433	806	49	that	that	PRON
ftr-433	806	50	take	take	VERB
ftr-433	806	51	place	place	NOUN
ftr-433	806	52	prior	prior	ADV
ftr-433	806	53	to	to	ADP
ftr-433	806	54	disposition	disposition	NOUN
ftr-433	806	55	.	.	PUNCT
ftr-433	807	1	third	third	ADJ
ftr-433	807	2	,	,	PUNCT
ftr-433	807	3	it	it	PRON
ftr-433	807	4	could	could	AUX
ftr-433	807	5	recover	recover	VERB
ftr-433	807	6	the	the	DET
ftr-433	807	7	cost	cost	NOUN
ftr-433	807	8	at	at	ADP
ftr-433	807	9	the	the	DET
ftr-433	807	10	time	time	NOUN
ftr-433	807	11	of	of	ADP
ftr-433	807	12	the	the	DET
ftr-433	807	13	asset	asset	NOUN
ftr-433	807	14	’s	’s	PART
ftr-433	807	15	acquisition	acquisition	NOUN
ftr-433	807	16	by	by	ADP
ftr-433	807	17	allowing	allow	VERB
ftr-433	807	18	a	a	DET
ftr-433	807	19	deduction	deduction	NOUN
ftr-433	807	20	for	for	ADP
ftr-433	807	21	the	the	DET
ftr-433	807	22	full	full	ADJ
ftr-433	807	23	cost	cost	NOUN
ftr-433	807	24	of	of	ADP
ftr-433	807	25	such	such	DET
ftr-433	807	26	an	an	DET
ftr-433	807	27	asset	asset	NOUN
ftr-433	807	28	at	at	ADP
ftr-433	807	29	that	that	DET
ftr-433	807	30	time	time	NOUN
ftr-433	807	31	and	and	CCONJ
ftr-433	807	32	essentially	essentially	ADV
ftr-433	807	33	reducing	reduce	VERB
ftr-433	807	34	the	the	DET
ftr-433	807	35	basis	basis	NOUN
ftr-433	807	36	of	of	ADP
ftr-433	807	37	the	the	DET
ftr-433	807	38	asset	asset	NOUN
ftr-433	807	39	to	to	ADP
ftr-433	807	40	zero	zero	NUM
ftr-433	807	41	at	at	ADP
ftr-433	807	42	the	the	DET
ftr-433	807	43	same	same	ADJ
ftr-433	807	44	time	time	NOUN
ftr-433	807	45	.	.	PUNCT
ftr-433	808	1	throughout	throughout	ADP
ftr-433	808	2	the	the	DET
ftr-433	808	3	history	history	NOUN
ftr-433	808	4	of	of	ADP
ftr-433	808	5	the	the	DET
ftr-433	808	6	u.s	u.s	PROPN
ftr-433	808	7	.	.	PROPN
ftr-433	808	8	rbit	rbit	PROPN
ftr-433	808	9	,	,	PUNCT
ftr-433	808	10	the	the	DET
ftr-433	808	11	second	second	ADJ
ftr-433	808	12	method	method	NOUN
ftr-433	808	13	has	have	AUX
ftr-433	808	14	dominated	dominate	VERB
ftr-433	808	15	tax	tax	NOUN
ftr-433	808	16	law	law	NOUN
ftr-433	808	17	and	and	CCONJ
ftr-433	808	18	policy	policy	NOUN
ftr-433	808	19	.	.	PUNCT
ftr-433	809	1	that	that	DET
ftr-433	809	2	history	history	NOUN
ftr-433	809	3	began	begin	VERB
ftr-433	809	4	with	with	ADP
ftr-433	809	5	an	an	DET
ftr-433	809	6	initial	initial	ADJ
ftr-433	809	7	policy	policy	NOUN
ftr-433	809	8	notion	notion	NOUN
ftr-433	809	9	to	to	PART
ftr-433	809	10	simulate	simulate	VERB
ftr-433	809	11	economic	economic	ADJ
ftr-433	809	12	depreciation	depreciation	NOUN
ftr-433	809	13	in	in	ADP
ftr-433	809	14	an	an	DET
ftr-433	809	15	amit	amit	NOUN
ftr-433	809	16	base	base	NOUN
ftr-433	809	17	by	by	ADP
ftr-433	809	18	utilizing	utilize	VERB
ftr-433	809	19	“	"	PUNCT
ftr-433	809	20	economic	economic	ADJ
ftr-433	809	21	depreciation	depreciation	NOUN
ftr-433	809	22	”	"	PUNCT
ftr-433	809	23	deductions	deduction	NOUN
ftr-433	809	24	in	in	ADP
ftr-433	809	25	the	the	DET
ftr-433	809	26	rbit	rbit	NOUN
ftr-433	809	27	base	base	NOUN
ftr-433	809	28	.	.	PUNCT
ftr-433	810	1	as	as	SCONJ
ftr-433	810	2	appreciation	appreciation	NOUN
ftr-433	810	3	of	of	ADP
ftr-433	810	4	the	the	DET
ftr-433	810	5	financial114	financial114	PROPN
ftr-433	810	6	effects	effect	NOUN
ftr-433	810	7	of	of	ADP
ftr-433	810	8	cost	cost	NOUN
ftr-433	810	9	recovery	recovery	NOUN
ftr-433	810	10	systems	system	NOUN
ftr-433	810	11	grew	grow	VERB
ftr-433	810	12	,	,	PUNCT
ftr-433	810	13	congress	congress	PROPN
ftr-433	810	14	began	begin	VERB
ftr-433	810	15	to	to	PART
ftr-433	810	16	enact	enact	VERB
ftr-433	810	17	accelerated	accelerate	VERB
ftr-433	810	18	cost	cost	NOUN
ftr-433	810	19	2002	2002	NUM
ftr-433	810	20	]	]	PUNCT
ftr-433	810	21	normative	normative	ADJ
ftr-433	810	22	capital	capital	NOUN
ftr-433	810	23	cost	cost	NOUN
ftr-433	810	24	recovery	recovery	NOUN
ftr-433	810	25	503	503	NUM
ftr-433	810	26	115	115	NUM
ftr-433	810	27	.	.	PUNCT
ftr-433	811	1	e.g.	e.g.	ADV
ftr-433	811	2	,	,	PUNCT
ftr-433	811	3	s.	s.	PROPN
ftr-433	811	4	rep	rep	PROPN
ftr-433	811	5	.	.	PROPN
ftr-433	811	6	no	no	INTJ
ftr-433	811	7	.	.	NOUN
ftr-433	812	1	97	97	NUM
ftr-433	812	2	-	-	SYM
ftr-433	812	3	144	144	NUM
ftr-433	812	4	,	,	PUNCT
ftr-433	812	5	at	at	ADP
ftr-433	812	6	47	47	NUM
ftr-433	812	7	-	-	SYM
ftr-433	812	8	48	48	NUM
ftr-433	812	9	(	(	PUNCT
ftr-433	812	10	1981	1981	NUM
ftr-433	812	11	)	)	PUNCT
ftr-433	812	12	(	(	PUNCT
ftr-433	812	13	tax	tax	NOUN
ftr-433	812	14	policy	policy	NOUN
ftr-433	812	15	rationale	rationale	NOUN
ftr-433	812	16	for	for	ADP
ftr-433	812	17	short	short	ADJ
ftr-433	812	18	acrs	acrs	NOUN
ftr-433	812	19	recovery	recovery	NOUN
ftr-433	812	20	periods	period	NOUN
ftr-433	812	21	was	be	AUX
ftr-433	812	22	to	to	PART
ftr-433	812	23	stimulate	stimulate	VERB
ftr-433	812	24	investment	investment	NOUN
ftr-433	812	25	)	)	PUNCT
ftr-433	812	26	.	.	PUNCT
ftr-433	813	1	116	116	X
ftr-433	813	2	.	.	PUNCT
ftr-433	814	1	see	see	VERB
ftr-433	814	2	simon	simon	PROPN
ftr-433	814	3	v.	v.	PROPN
ftr-433	814	4	commissioner	commissioner	PROPN
ftr-433	814	5	,	,	PUNCT
ftr-433	814	6	103	103	NUM
ftr-433	814	7	t.c	t.c	PROPN
ftr-433	814	8	.	.	PROPN
ftr-433	814	9	247	247	NUM
ftr-433	814	10	,	,	PUNCT
ftr-433	814	11	248	248	NUM
ftr-433	814	12	(	(	PUNCT
ftr-433	814	13	1994	1994	NUM
ftr-433	814	14	)	)	PUNCT
ftr-433	814	15	(	(	PUNCT
ftr-433	814	16	en	en	X
ftr-433	814	17	banc	banc	PROPN
ftr-433	814	18	)	)	PUNCT
ftr-433	814	19	,	,	PUNCT
ftr-433	814	20	aff’d	aff’d	VERB
ftr-433	814	21	,	,	PUNCT
ftr-433	814	22	68	68	NUM
ftr-433	814	23	f.3d	f.3d	NUM
ftr-433	814	24	41	41	NUM
ftr-433	814	25	(	(	PUNCT
ftr-433	814	26	2d	2d	NUM
ftr-433	814	27	cir	cir	NOUN
ftr-433	814	28	.	.	PROPN
ftr-433	814	29	1995	1995	NUM
ftr-433	814	30	)	)	PUNCT
ftr-433	814	31	;	;	PUNCT
ftr-433	814	32	liddle	liddle	PROPN
ftr-433	814	33	v.	v.	PROPN
ftr-433	814	34	commissioner	commissioner	PROPN
ftr-433	814	35	,	,	PUNCT
ftr-433	814	36	103	103	NUM
ftr-433	814	37	t.c	t.c	PROPN
ftr-433	814	38	.	.	PROPN
ftr-433	814	39	285	285	NUM
ftr-433	814	40	,	,	PUNCT
ftr-433	814	41	aff’d	aff’d	NUM
ftr-433	814	42	,	,	PUNCT
ftr-433	814	43	65	65	NUM
ftr-433	814	44	f.3d	f.3d	NUM
ftr-433	814	45	329	329	NUM
ftr-433	814	46	(	(	PUNCT
ftr-433	814	47	3d	3d	PROPN
ftr-433	814	48	cir	cir	NOUN
ftr-433	814	49	.	.	PROPN
ftr-433	814	50	1995	1995	NUM
ftr-433	814	51	)	)	PUNCT
ftr-433	814	52	(	(	PUNCT
ftr-433	814	53	both	both	DET
ftr-433	814	54	cases	case	NOUN
ftr-433	814	55	allowing	allow	VERB
ftr-433	814	56	professional	professional	ADJ
ftr-433	814	57	violinists	violinist	NOUN
ftr-433	814	58	to	to	PART
ftr-433	814	59	use	use	VERB
ftr-433	814	60	acrs	acr	NOUN
ftr-433	814	61	cost	cost	NOUN
ftr-433	814	62	recovery	recovery	NOUN
ftr-433	814	63	deductions	deduction	NOUN
ftr-433	814	64	with	with	ADP
ftr-433	814	65	respect	respect	NOUN
ftr-433	814	66	to	to	ADP
ftr-433	814	67	instruments	instrument	NOUN
ftr-433	814	68	that	that	PRON
ftr-433	814	69	were	be	AUX
ftr-433	814	70	collector	collector	NOUN
ftr-433	814	71	’s	’s	PART
ftr-433	814	72	items	item	NOUN
ftr-433	814	73	and	and	CCONJ
ftr-433	814	74	had	have	VERB
ftr-433	814	75	no	no	DET
ftr-433	814	76	ascertainable	ascertainable	ADJ
ftr-433	814	77	useful	useful	ADJ
ftr-433	814	78	life	life	NOUN
ftr-433	814	79	)	)	PUNCT
ftr-433	814	80	.	.	PUNCT
ftr-433	815	1	see	see	VERB
ftr-433	815	2	also	also	ADV
ftr-433	815	3	irc	irc	ADV
ftr-433	815	4	§	§	PROPN
ftr-433	815	5	197	197	NUM
ftr-433	815	6	(	(	PUNCT
ftr-433	815	7	allowing	allow	VERB
ftr-433	815	8	amortization	amortization	NOUN
ftr-433	815	9	of	of	ADP
ftr-433	815	10	previously	previously	ADV
ftr-433	815	11	unamortizable	unamortizable	ADJ
ftr-433	815	12	intangible	intangible	ADJ
ftr-433	815	13	assets	asset	NOUN
ftr-433	815	14	that	that	PRON
ftr-433	815	15	have	have	VERB
ftr-433	815	16	no	no	DET
ftr-433	815	17	ascertainable	ascertainable	ADJ
ftr-433	815	18	useful	useful	ADJ
ftr-433	815	19	life	life	NOUN
ftr-433	815	20	)	)	PUNCT
ftr-433	815	21	.	.	PUNCT
ftr-433	816	1	see	see	VERB
ftr-433	816	2	generally	generally	ADV
ftr-433	816	3	alton	alton	PROPN
ftr-433	816	4	a.	a.	NOUN
ftr-433	816	5	murakami	murakami	NOUN
ftr-433	816	6	,	,	PUNCT
ftr-433	816	7	“	"	PUNCT
ftr-433	816	8	useful	useful	ADJ
ftr-433	816	9	life	life	NOUN
ftr-433	816	10	”	"	PUNCT
ftr-433	816	11	has	have	AUX
ftr-433	816	12	outlived	outlive	VERB
ftr-433	816	13	its	its	PRON
ftr-433	816	14	useful	useful	ADJ
ftr-433	816	15	life	life	NOUN
ftr-433	816	16	:	:	PUNCT
ftr-433	816	17	tax	tax	NOUN
ftr-433	816	18	depreciation	depreciation	NOUN
ftr-433	816	19	after	after	ADP
ftr-433	816	20	simon	simon	PROPN
ftr-433	816	21	and	and	CCONJ
ftr-433	816	22	liddle	liddle	PROPN
ftr-433	816	23	,	,	PUNCT
ftr-433	816	24	72	72	NUM
ftr-433	816	25	n.y.u	n.y.u	NOUN
ftr-433	816	26	.	.	PUNCT
ftr-433	817	1	l.	l.	PROPN
ftr-433	817	2	rev	rev	PROPN
ftr-433	817	3	.	.	PROPN
ftr-433	817	4	1211	1211	NUM
ftr-433	817	5	(	(	PUNCT
ftr-433	817	6	1997	1997	NUM
ftr-433	817	7	)	)	PUNCT
ftr-433	817	8	;	;	PUNCT
ftr-433	817	9	anthony	anthony	PROPN
ftr-433	817	10	p.	p.	PROPN
ftr-433	817	11	polito	polito	PROPN
ftr-433	817	12	,	,	PUNCT
ftr-433	817	13	fiddlers	fiddler	NOUN
ftr-433	817	14	on	on	ADP
ftr-433	817	15	the	the	DET
ftr-433	817	16	tax	tax	NOUN
ftr-433	817	17	:	:	PUNCT
ftr-433	817	18	depreciation	depreciation	NOUN
ftr-433	817	19	of	of	ADP
ftr-433	817	20	antique	antique	ADJ
ftr-433	817	21	instruments	instrument	NOUN
ftr-433	817	22	invites	invite	VERB
ftr-433	817	23	reexamination	reexamination	NOUN
ftr-433	817	24	of	of	ADP
ftr-433	817	25	broader	broad	ADJ
ftr-433	817	26	tax	tax	NOUN
ftr-433	817	27	policy	policy	NOUN
ftr-433	817	28	,	,	PUNCT
ftr-433	817	29	13	13	NUM
ftr-433	817	30	am	am	NOUN
ftr-433	817	31	.	.	PUNCT
ftr-433	818	1	j.	j.	PROPN
ftr-433	818	2	tax	tax	PROPN
ftr-433	818	3	pol’y	pol’y	NOUN
ftr-433	818	4	87	87	NUM
ftr-433	818	5	(	(	PUNCT
ftr-433	818	6	1996	1996	NUM
ftr-433	818	7	)	)	PUNCT
ftr-433	818	8	.	.	PUNCT
ftr-433	819	1	117	117	NUM
ftr-433	819	2	.	.	PUNCT
ftr-433	820	1	see	see	PROPN
ftr-433	820	2	simon	simon	PROPN
ftr-433	820	3	,	,	PUNCT
ftr-433	820	4	103	103	NUM
ftr-433	820	5	t.c	t.c	PROPN
ftr-433	820	6	.	.	PUNCT
ftr-433	821	1	at	at	ADP
ftr-433	821	2	252	252	NUM
ftr-433	821	3	.	.	PUNCT
ftr-433	821	4	118	118	NUM
ftr-433	821	5	.	.	PUNCT
ftr-433	821	6	e.g.	e.g.	ADV
ftr-433	821	7	,	,	PUNCT
ftr-433	821	8	invest	invest	VERB
ftr-433	821	9	more	more	ADV
ftr-433	821	10	in	in	ADP
ftr-433	821	11	america	america	PROPN
ftr-433	821	12	act	act	PROPN
ftr-433	821	13	,	,	PUNCT
ftr-433	821	14	s.	s.	PROPN
ftr-433	821	15	76	76	NUM
ftr-433	821	16	,	,	PUNCT
ftr-433	821	17	105th	105th	ADJ
ftr-433	821	18	cong	cong	NOUN
ftr-433	821	19	.	.	PUNCT
ftr-433	822	1	(	(	PUNCT
ftr-433	822	2	increasing	increase	VERB
ftr-433	822	3	the	the	DET
ftr-433	822	4	§	§	PROPN
ftr-433	822	5	179	179	NUM
ftr-433	822	6	expensing	expense	VERB
ftr-433	822	7	limitation	limitation	NOUN
ftr-433	822	8	from	from	ADP
ftr-433	822	9	$	$	SYM
ftr-433	822	10	25,000	25,000	NUM
ftr-433	822	11	to	to	PART
ftr-433	822	12	$	$	SYM
ftr-433	822	13	250,000	250,000	NUM
ftr-433	822	14	)	)	PUNCT
ftr-433	822	15	;	;	PUNCT
ftr-433	822	16	s.	s.	PROPN
ftr-433	822	17	3225	3225	NUM
ftr-433	822	18	,	,	PUNCT
ftr-433	822	19	102nd	102nd	PROPN
ftr-433	822	20	cong	cong	PROPN
ftr-433	822	21	.	.	PUNCT
ftr-433	823	1	(	(	PUNCT
ftr-433	823	2	increasing	increase	VERB
ftr-433	823	3	the	the	DET
ftr-433	823	4	§	§	PROPN
ftr-433	823	5	179	179	NUM
ftr-433	823	6	expensing	expense	VERB
ftr-433	823	7	limitation	limitation	NOUN
ftr-433	823	8	to	to	ADP
ftr-433	823	9	$	$	SYM
ftr-433	823	10	100,000	100,000	NUM
ftr-433	823	11	)	)	PUNCT
ftr-433	823	12	;	;	PUNCT
ftr-433	823	13	economic	economic	ADJ
ftr-433	823	14	assistance	assistance	NOUN
ftr-433	823	15	and	and	CCONJ
ftr-433	823	16	workers	worker	NOUN
ftr-433	823	17	security	security	NOUN
ftr-433	823	18	act	act	NOUN
ftr-433	823	19	of	of	ADP
ftr-433	823	20	2001	2001	NUM
ftr-433	823	21	(	(	PUNCT
ftr-433	823	22	h.r	h.r	PROPN
ftr-433	823	23	.	.	PROPN
ftr-433	823	24	3529	3529	NUM
ftr-433	823	25	,	,	PUNCT
ftr-433	823	26	december	december	PROPN
ftr-433	823	27	20	20	NUM
ftr-433	823	28	,	,	PUNCT
ftr-433	823	29	2001	2001	NUM
ftr-433	823	30	)	)	PUNCT
ftr-433	823	31	(	(	PUNCT
ftr-433	823	32	increasing	increase	VERB
ftr-433	823	33	the	the	DET
ftr-433	823	34	§	§	PROPN
ftr-433	823	35	179	179	NUM
ftr-433	823	36	limitation	limitation	NOUN
ftr-433	823	37	to	to	ADP
ftr-433	823	38	$	$	SYM
ftr-433	823	39	35,000	35,000	NUM
ftr-433	823	40	and	and	CCONJ
ftr-433	823	41	granting	grant	VERB
ftr-433	823	42	a	a	DET
ftr-433	823	43	temporary	temporary	ADJ
ftr-433	823	44	expensing	expensing	NOUN
ftr-433	823	45	deduction	deduction	NOUN
ftr-433	823	46	under	under	ADP
ftr-433	823	47	§	§	PROPN
ftr-433	823	48	167(a	167(a	PROPN
ftr-433	823	49	)	)	PUNCT
ftr-433	823	50	for	for	ADP
ftr-433	823	51	many	many	ADJ
ftr-433	823	52	assets	asset	NOUN
ftr-433	823	53	with	with	ADP
ftr-433	823	54	less	less	ADJ
ftr-433	823	55	than	than	ADP
ftr-433	823	56	a	a	DET
ftr-433	823	57	20	20	NUM
ftr-433	823	58	-	-	PUNCT
ftr-433	823	59	year	year	NOUN
ftr-433	823	60	recovery	recovery	NOUN
ftr-433	823	61	period	period	NOUN
ftr-433	823	62	equal	equal	ADJ
ftr-433	823	63	to	to	ADP
ftr-433	823	64	30	30	NUM
ftr-433	823	65	%	%	NOUN
ftr-433	823	66	of	of	ADP
ftr-433	823	67	the	the	DET
ftr-433	823	68	asset	asset	NOUN
ftr-433	823	69	’s	’s	PART
ftr-433	823	70	adjusted	adjust	VERB
ftr-433	823	71	basis	basis	NOUN
ftr-433	823	72	if	if	SCONJ
ftr-433	823	73	acquired	acquire	VERB
ftr-433	823	74	after	after	ADP
ftr-433	823	75	september	september	PROPN
ftr-433	823	76	11	11	NUM
ftr-433	823	77	,	,	PUNCT
ftr-433	823	78	2001	2001	NUM
ftr-433	823	79	and	and	CCONJ
ftr-433	823	80	before	before	ADP
ftr-433	823	81	september	september	PROPN
ftr-433	823	82	11	11	NUM
ftr-433	823	83	,	,	PUNCT
ftr-433	823	84	2004	2004	NUM
ftr-433	823	85	)	)	PUNCT
ftr-433	823	86	.	.	PUNCT
ftr-433	824	1	119	119	NUM
ftr-433	824	2	.	.	PUNCT
ftr-433	824	3	see	see	VERB
ftr-433	824	4	generally	generally	ADV
ftr-433	824	5	supra	supra	ADJ
ftr-433	824	6	part	part	NOUN
ftr-433	824	7	iii.a	iii.a	PROPN
ftr-433	824	8	.	.	PUNCT
ftr-433	825	1	see	see	VERB
ftr-433	825	2	also	also	ADV
ftr-433	825	3	supra	supra	PROPN
ftr-433	825	4	note	note	NOUN
ftr-433	825	5	112	112	NUM
ftr-433	825	6	and	and	CCONJ
ftr-433	825	7	accompanying	accompany	VERB
ftr-433	825	8	text	text	NOUN
ftr-433	825	9	.	.	PUNCT
ftr-433	826	1	120	120	NUM
ftr-433	826	2	.	.	PUNCT
ftr-433	826	3	compare	compare	VERB
ftr-433	826	4	the	the	DET
ftr-433	826	5	formulas	formula	NOUN
ftr-433	826	6	for	for	ADP
ftr-433	826	7	amit	amit	PROPN
ftr-433	826	8	and	and	CCONJ
ftr-433	826	9	rbit	rbit	VERB
ftr-433	826	10	bases	basis	NOUN
ftr-433	826	11	on	on	ADP
ftr-433	826	12	one	one	NUM
ftr-433	826	13	hand	hand	NOUN
ftr-433	826	14	to	to	ADP
ftr-433	826	15	that	that	PRON
ftr-433	826	16	of	of	ADP
ftr-433	826	17	a	a	DET
ftr-433	826	18	cfit	cfit	NOUN
ftr-433	826	19	base	base	NOUN
ftr-433	826	20	on	on	ADP
ftr-433	826	21	the	the	DET
ftr-433	826	22	other	other	ADJ
ftr-433	826	23	.	.	PUNCT
ftr-433	827	1	both	both	DET
ftr-433	827	2	income	income	NOUN
ftr-433	827	3	and	and	CCONJ
ftr-433	827	4	consumption	consumption	NOUN
ftr-433	827	5	bases	basis	NOUN
ftr-433	827	6	tax	tax	NOUN
ftr-433	827	7	consumption	consumption	NOUN
ftr-433	827	8	,	,	PUNCT
ftr-433	827	9	but	but	CCONJ
ftr-433	827	10	the	the	DET
ftr-433	827	11	recovery	recovery	NOUN
ftr-433	827	12	methods	method	NOUN
ftr-433	827	13	.	.	PUNCT
ftr-433	828	1	ultimately	ultimately	ADV
ftr-433	828	2	,	,	PUNCT
ftr-433	828	3	congress	congress	PROPN
ftr-433	828	4	began	begin	VERB
ftr-433	828	5	to	to	PART
ftr-433	828	6	cast	cast	VERB
ftr-433	828	7	rbit	rbit	NOUN
ftr-433	828	8	base	base	NOUN
ftr-433	828	9	cost	cost	NOUN
ftr-433	828	10	recovery	recovery	NOUN
ftr-433	828	11	policy	policy	NOUN
ftr-433	828	12	adrift	adrift	ADJ
ftr-433	828	13	from	from	ADP
ftr-433	828	14	its	its	PRON
ftr-433	828	15	moorings	mooring	NOUN
ftr-433	828	16	in	in	ADP
ftr-433	828	17	amit	amit	NOUN
ftr-433	828	18	-	-	PUNCT
ftr-433	828	19	based	base	VERB
ftr-433	828	20	economic	economic	ADJ
ftr-433	828	21	deprecation	deprecation	NOUN
ftr-433	828	22	rationales	rationale	NOUN
ftr-433	828	23	.	.	PUNCT
ftr-433	829	1	both	both	DET
ftr-433	829	2	congress	congress	PROPN
ftr-433	829	3	and	and	CCONJ
ftr-433	829	4	the	the	DET
ftr-433	829	5	courts	court	NOUN
ftr-433	829	6	,	,	PUNCT
ftr-433	829	7	for	for	ADP
ftr-433	829	8	example	example	NOUN
ftr-433	829	9	,	,	PUNCT
ftr-433	829	10	have	have	AUX
ftr-433	829	11	allowed	allow	VERB
ftr-433	829	12	tax	tax	NOUN
ftr-433	829	13	-	-	PUNCT
ftr-433	829	14	free115	free115	PROPN
ftr-433	829	15	cost	cost	NOUN
ftr-433	829	16	recovery	recovery	NOUN
ftr-433	829	17	with	with	ADP
ftr-433	829	18	respect	respect	NOUN
ftr-433	829	19	to	to	ADP
ftr-433	829	20	assets	asset	NOUN
ftr-433	829	21	with	with	ADP
ftr-433	829	22	no	no	DET
ftr-433	829	23	ascertainably	ascertainably	ADV
ftr-433	829	24	finite	finite	NOUN
ftr-433	829	25	or	or	CCONJ
ftr-433	829	26	measurable	measurable	ADJ
ftr-433	829	27	economic	economic	ADJ
ftr-433	829	28	lives	life	NOUN
ftr-433	829	29	,	,	PUNCT
ftr-433	829	30	and	and	CCONJ
ftr-433	829	31	the	the	DET
ftr-433	829	32	tax	tax	NOUN
ftr-433	829	33	court	court	NOUN
ftr-433	829	34	has	have	AUX
ftr-433	829	35	even	even	ADV
ftr-433	829	36	allowed	allow	VERB
ftr-433	829	37	accelerated	accelerate	VERB
ftr-433	829	38	cost	cost	NOUN
ftr-433	829	39	recovery116	recovery116	PROPN
ftr-433	829	40	deductions	deduction	NOUN
ftr-433	829	41	with	with	ADP
ftr-433	829	42	respect	respect	NOUN
ftr-433	829	43	to	to	ADP
ftr-433	829	44	possibly	possibly	ADV
ftr-433	829	45	appreciating	appreciate	VERB
ftr-433	829	46	assets	asset	NOUN
ftr-433	829	47	.	.	PUNCT
ftr-433	830	1	in	in	ADP
ftr-433	830	2	recent	recent	ADJ
ftr-433	830	3	years	year	NOUN
ftr-433	830	4	,	,	PUNCT
ftr-433	830	5	the117	the117	ADJ
ftr-433	830	6	third	third	ADJ
ftr-433	830	7	type	type	NOUN
ftr-433	830	8	of	of	ADP
ftr-433	830	9	cost	cost	NOUN
ftr-433	830	10	recovery	recovery	NOUN
ftr-433	830	11	–	–	PUNCT
ftr-433	830	12	immediate	immediate	ADJ
ftr-433	830	13	expensing	expensing	NOUN
ftr-433	830	14	–	–	PUNCT
ftr-433	830	15	has	have	AUX
ftr-433	830	16	received	receive	VERB
ftr-433	830	17	increasing	increase	VERB
ftr-433	830	18	legislative	legislative	ADJ
ftr-433	830	19	support	support	NOUN
ftr-433	830	20	,	,	PUNCT
ftr-433	830	21	especially	especially	ADV
ftr-433	830	22	for	for	ADP
ftr-433	830	23	tangible	tangible	ADJ
ftr-433	830	24	,	,	PUNCT
ftr-433	830	25	self	self	NOUN
ftr-433	830	26	-	-	PUNCT
ftr-433	830	27	exhausting	exhaust	VERB
ftr-433	830	28	assets	asset	NOUN
ftr-433	830	29	with	with	ADP
ftr-433	830	30	relatively	relatively	ADV
ftr-433	830	31	short	short	ADJ
ftr-433	830	32	economic	economic	ADJ
ftr-433	830	33	lives.118	lives.118	NOUN
ftr-433	830	34	d.	d.	NOUN
ftr-433	830	35	defining	define	VERB
ftr-433	830	36	the	the	DET
ftr-433	830	37	criteria	criterion	NOUN
ftr-433	830	38	for	for	ADP
ftr-433	830	39	normative	normative	ADJ
ftr-433	830	40	rbit	rbit	NOUN
ftr-433	830	41	base	base	NOUN
ftr-433	830	42	cost	cost	NOUN
ftr-433	830	43	recovery	recovery	NOUN
ftr-433	830	44	in	in	ADP
ftr-433	830	45	choosing	choose	VERB
ftr-433	830	46	a	a	DET
ftr-433	830	47	normative	normative	ADJ
ftr-433	830	48	rbit	rbit	NOUN
ftr-433	830	49	base	base	NOUN
ftr-433	830	50	cost	cost	NOUN
ftr-433	830	51	recovery	recovery	NOUN
ftr-433	830	52	method	method	NOUN
ftr-433	830	53	for	for	ADP
ftr-433	830	54	the	the	DET
ftr-433	830	55	types	type	NOUN
ftr-433	830	56	of	of	ADP
ftr-433	830	57	depreciable	depreciable	ADJ
ftr-433	830	58	assets	asset	NOUN
ftr-433	830	59	discussed	discuss	VERB
ftr-433	830	60	in	in	ADP
ftr-433	830	61	this	this	DET
ftr-433	830	62	article	article	NOUN
ftr-433	830	63	,	,	PUNCT
ftr-433	830	64	two	two	NUM
ftr-433	830	65	related	relate	VERB
ftr-433	830	66	normative	normative	ADJ
ftr-433	830	67	policy	policy	NOUN
ftr-433	830	68	criteria	criterion	NOUN
ftr-433	830	69	should	should	AUX
ftr-433	830	70	be	be	AUX
ftr-433	830	71	satisfied	satisfied	ADJ
ftr-433	830	72	.	.	PUNCT
ftr-433	831	1	first	first	ADV
ftr-433	831	2	,	,	PUNCT
ftr-433	831	3	taxpayers	taxpayer	NOUN
ftr-433	831	4	should	should	AUX
ftr-433	831	5	recover	recover	VERB
ftr-433	831	6	the	the	DET
ftr-433	831	7	entire	entire	ADJ
ftr-433	831	8	cost	cost	NOUN
ftr-433	831	9	of	of	ADP
ftr-433	831	10	their	their	PRON
ftr-433	831	11	capital	capital	NOUN
ftr-433	831	12	investments	investment	NOUN
ftr-433	831	13	tax	tax	NOUN
ftr-433	831	14	-	-	PUNCT
ftr-433	831	15	free	free	ADJ
ftr-433	831	16	in	in	ADP
ftr-433	831	17	financial	financial	ADJ
ftr-433	831	18	terms	term	NOUN
ftr-433	831	19	.	.	PUNCT
ftr-433	832	1	the	the	DET
ftr-433	832	2	rationale	rationale	NOUN
ftr-433	832	3	for	for	ADP
ftr-433	832	4	this	this	DET
ftr-433	832	5	criterion	criterion	NOUN
ftr-433	832	6	is	be	AUX
ftr-433	832	7	that	that	SCONJ
ftr-433	832	8	a	a	DET
ftr-433	832	9	normative	normative	ADJ
ftr-433	832	10	capital	capital	NOUN
ftr-433	832	11	cost	cost	NOUN
ftr-433	832	12	recovery	recovery	NOUN
ftr-433	832	13	method	method	NOUN
ftr-433	832	14	should	should	AUX
ftr-433	832	15	distinguish	distinguish	VERB
ftr-433	832	16	capital	capital	NOUN
ftr-433	832	17	from	from	ADP
ftr-433	832	18	income	income	NOUN
ftr-433	832	19	,	,	PUNCT
ftr-433	832	20	and	and	CCONJ
ftr-433	832	21	tax	tax	NOUN
ftr-433	832	22	only	only	ADV
ftr-433	832	23	the	the	DET
ftr-433	832	24	latter	latter	ADJ
ftr-433	832	25	.	.	PUNCT
ftr-433	833	1	a	a	DET
ftr-433	833	2	rbit	rbit	NOUN
ftr-433	833	3	base	base	NOUN
ftr-433	833	4	is	be	AUX
ftr-433	833	5	a	a	DET
ftr-433	833	6	variant	variant	NOUN
ftr-433	833	7	of	of	ADP
ftr-433	833	8	an	an	DET
ftr-433	833	9	amit	amit	NOUN
ftr-433	833	10	base	base	NOUN
ftr-433	833	11	,	,	PUNCT
ftr-433	833	12	and	and	CCONJ
ftr-433	833	13	as	as	SCONJ
ftr-433	833	14	noted	note	VERB
ftr-433	833	15	earlier	early	ADV
ftr-433	833	16	,	,	PUNCT
ftr-433	833	17	the	the	DET
ftr-433	833	18	consumption	consumption	NOUN
ftr-433	833	19	of	of	ADP
ftr-433	833	20	capital	capital	NOUN
ftr-433	833	21	per	per	X
ftr-433	833	22	se	se	X
ftr-433	833	23	is	be	AUX
ftr-433	833	24	not	not	PART
ftr-433	833	25	generally	generally	ADV
ftr-433	833	26	subject	subject	ADJ
ftr-433	833	27	to	to	ADP
ftr-433	833	28	tax	tax	NOUN
ftr-433	833	29	in	in	ADP
ftr-433	833	30	an	an	DET
ftr-433	833	31	amit	amit	NOUN
ftr-433	833	32	base	base	NOUN
ftr-433	833	33	.	.	PUNCT
ftr-433	834	1	this	this	PRON
ftr-433	834	2	is	be	AUX
ftr-433	834	3	in	in	ADP
ftr-433	834	4	contrast	contrast	NOUN
ftr-433	834	5	to	to	ADP
ftr-433	834	6	a	a	DET
ftr-433	834	7	cfit	cfit	NOUN
ftr-433	834	8	base,119	base,119	NOUN
ftr-433	834	9	which	which	PRON
ftr-433	834	10	taxes	tax	VERB
ftr-433	834	11	the	the	DET
ftr-433	834	12	consumption	consumption	NOUN
ftr-433	834	13	of	of	ADP
ftr-433	834	14	either	either	CCONJ
ftr-433	834	15	new	new	ADJ
ftr-433	834	16	or	or	CCONJ
ftr-433	834	17	old	old	ADJ
ftr-433	834	18	wealth	wealth	NOUN
ftr-433	834	19	.	.	PUNCT
ftr-433	835	1	nothing	nothing	PRON
ftr-433	835	2	about	about	ADP
ftr-433	835	3	the120	the120	PROPN
ftr-433	835	4	504	504	NUM
ftr-433	835	5	florida	florida	PROPN
ftr-433	835	6	tax	tax	NOUN
ftr-433	835	7	review	review	NOUN
ftr-433	836	1	[	[	X
ftr-433	836	2	vol	vol	NOUN
ftr-433	836	3	.	.	PUNCT
ftr-433	836	4	5:7	5:7	NUM
ftr-433	836	5	reciprocal	reciprocal	ADJ
ftr-433	836	6	impact	impact	NOUN
ftr-433	836	7	on	on	ADP
ftr-433	836	8	the	the	DET
ftr-433	836	9	dw	dw	NOUN
ftr-433	836	10	factor	factor	NOUN
ftr-433	836	11	in	in	ADP
ftr-433	836	12	an	an	DET
ftr-433	836	13	income	income	NOUN
ftr-433	836	14	tax	tax	NOUN
ftr-433	836	15	base	base	NOUN
ftr-433	836	16	negates	negate	VERB
ftr-433	836	17	the	the	DET
ftr-433	836	18	inclusion	inclusion	NOUN
ftr-433	836	19	of	of	ADP
ftr-433	836	20	consumption	consumption	NOUN
ftr-433	836	21	in	in	ADP
ftr-433	836	22	an	an	DET
ftr-433	836	23	amit	amit	NOUN
ftr-433	836	24	.	.	PUNCT
ftr-433	837	1	the	the	DET
ftr-433	837	2	additional	additional	ADJ
ftr-433	837	3	realization	realization	NOUN
ftr-433	837	4	requirement	requirement	NOUN
ftr-433	837	5	applied	apply	VERB
ftr-433	837	6	to	to	ADP
ftr-433	837	7	consumption	consumption	NOUN
ftr-433	837	8	in	in	ADP
ftr-433	837	9	a	a	DET
ftr-433	837	10	rbit	rbit	NOUN
ftr-433	837	11	base	base	NOUN
ftr-433	837	12	removes	remove	VERB
ftr-433	837	13	even	even	ADV
ftr-433	837	14	more	more	ADJ
ftr-433	837	15	consumption	consumption	NOUN
ftr-433	837	16	from	from	ADP
ftr-433	837	17	the	the	DET
ftr-433	837	18	tax	tax	NOUN
ftr-433	837	19	base	base	NOUN
ftr-433	837	20	.	.	PUNCT
ftr-433	838	1	121	121	NUM
ftr-433	838	2	.	.	PUNCT
ftr-433	839	1	this	this	DET
ftr-433	839	2	definition	definition	NOUN
ftr-433	839	3	is	be	AUX
ftr-433	839	4	probably	probably	ADV
ftr-433	839	5	stricter	strict	ADJ
ftr-433	839	6	than	than	ADP
ftr-433	839	7	necessary	necessary	ADJ
ftr-433	839	8	.	.	PUNCT
ftr-433	840	1	in	in	ADP
ftr-433	840	2	the	the	DET
ftr-433	840	3	broadest	broad	ADJ
ftr-433	840	4	sense	sense	NOUN
ftr-433	840	5	,	,	PUNCT
ftr-433	840	6	asset	asset	NOUN
ftr-433	840	7	basis	basis	NOUN
ftr-433	840	8	,	,	PUNCT
ftr-433	840	9	and	and	CCONJ
ftr-433	840	10	therefore	therefore	ADV
ftr-433	840	11	cost	cost	VERB
ftr-433	840	12	recovery	recovery	NOUN
ftr-433	840	13	deductions	deduction	NOUN
ftr-433	840	14	,	,	PUNCT
ftr-433	840	15	may	may	AUX
ftr-433	840	16	correspond	correspond	VERB
ftr-433	840	17	to	to	ADP
ftr-433	840	18	previously	previously	ADV
ftr-433	840	19	taxed	tax	VERB
ftr-433	840	20	dollars	dollar	NOUN
ftr-433	840	21	and	and	CCONJ
ftr-433	840	22	not	not	PART
ftr-433	840	23	necessarily	necessarily	ADV
ftr-433	840	24	or	or	CCONJ
ftr-433	840	25	exclusively	exclusively	ADV
ftr-433	840	26	to	to	ADP
ftr-433	840	27	after	after	ADP
ftr-433	840	28	-	-	PUNCT
ftr-433	840	29	tax	tax	NOUN
ftr-433	840	30	dollars	dollar	NOUN
ftr-433	840	31	.	.	PUNCT
ftr-433	841	1	for	for	ADP
ftr-433	841	2	example	example	NOUN
ftr-433	841	3	,	,	PUNCT
ftr-433	841	4	a	a	DET
ftr-433	841	5	taxpayer	taxpayer	NOUN
ftr-433	841	6	’s	’s	PART
ftr-433	841	7	basis	basis	NOUN
ftr-433	841	8	in	in	ADP
ftr-433	841	9	property	property	NOUN
ftr-433	841	10	purchased	purchase	VERB
ftr-433	841	11	for	for	ADP
ftr-433	841	12	less	less	ADJ
ftr-433	841	13	than	than	ADP
ftr-433	841	14	its	its	PRON
ftr-433	841	15	fair	fair	ADJ
ftr-433	841	16	market	market	NOUN
ftr-433	841	17	value	value	NOUN
ftr-433	841	18	in	in	ADP
ftr-433	841	19	a	a	DET
ftr-433	841	20	compensatory	compensatory	ADJ
ftr-433	841	21	context	context	NOUN
ftr-433	841	22	includes	include	VERB
ftr-433	841	23	both	both	CCONJ
ftr-433	841	24	the	the	DET
ftr-433	841	25	amount	amount	NOUN
ftr-433	841	26	paid	pay	VERB
ftr-433	841	27	and	and	CCONJ
ftr-433	841	28	the	the	DET
ftr-433	841	29	amount	amount	NOUN
ftr-433	841	30	taxed	tax	VERB
ftr-433	841	31	to	to	ADP
ftr-433	841	32	the	the	DET
ftr-433	841	33	taxpayer	taxpayer	NOUN
ftr-433	841	34	upon	upon	SCONJ
ftr-433	841	35	receipt	receipt	NOUN
ftr-433	841	36	(	(	PUNCT
ftr-433	841	37	the	the	DET
ftr-433	841	38	excess	excess	NOUN
ftr-433	841	39	of	of	ADP
ftr-433	841	40	the	the	DET
ftr-433	841	41	asset	asset	NOUN
ftr-433	841	42	’s	’s	PART
ftr-433	841	43	fair	fair	ADJ
ftr-433	841	44	market	market	NOUN
ftr-433	841	45	value	value	NOUN
ftr-433	841	46	over	over	ADP
ftr-433	841	47	the	the	DET
ftr-433	841	48	amount	amount	NOUN
ftr-433	841	49	paid	pay	VERB
ftr-433	841	50	for	for	ADP
ftr-433	841	51	it	it	PRON
ftr-433	841	52	)	)	PUNCT
ftr-433	841	53	.	.	PUNCT
ftr-433	842	1	see	see	VERB
ftr-433	842	2	regs	reg	NOUN
ftr-433	842	3	.	.	PUNCT
ftr-433	843	1	§	§	PROPN
ftr-433	843	2	1.612(d)(2	1.612(d)(2	NUM
ftr-433	843	3	)	)	PUNCT
ftr-433	843	4	.	.	PUNCT
ftr-433	844	1	in	in	ADP
ftr-433	844	2	other	other	ADJ
ftr-433	844	3	words	word	NOUN
ftr-433	844	4	,	,	PUNCT
ftr-433	844	5	the	the	DET
ftr-433	844	6	meaning	meaning	NOUN
ftr-433	844	7	of	of	ADP
ftr-433	844	8	“	"	PUNCT
ftr-433	844	9	capital	capital	NOUN
ftr-433	844	10	”	"	PUNCT
ftr-433	844	11	within	within	ADP
ftr-433	844	12	a	a	DET
ftr-433	844	13	rbit	rbit	NOUN
ftr-433	844	14	base	base	NOUN
ftr-433	844	15	includes	include	VERB
ftr-433	844	16	taxed	tax	VERB
ftr-433	844	17	dollars	dollar	NOUN
ftr-433	844	18	as	as	ADV
ftr-433	844	19	well	well	ADV
ftr-433	844	20	as	as	ADP
ftr-433	844	21	after	after	ADP
ftr-433	844	22	-	-	PUNCT
ftr-433	844	23	tax	tax	NOUN
ftr-433	844	24	dollars	dollar	NOUN
ftr-433	844	25	.	.	PUNCT
ftr-433	845	1	see	see	VERB
ftr-433	845	2	generally	generally	ADV
ftr-433	845	3	glen	glen	PROPN
ftr-433	845	4	a.	a.	NOUN
ftr-433	845	5	kohl	kohl	NOUN
ftr-433	845	6	,	,	PUNCT
ftr-433	845	7	the	the	DET
ftr-433	845	8	identification	identification	NOUN
ftr-433	845	9	theory	theory	NOUN
ftr-433	845	10	of	of	ADP
ftr-433	845	11	basis	basis	NOUN
ftr-433	845	12	,	,	PUNCT
ftr-433	845	13	40	40	NUM
ftr-433	845	14	tax	tax	NOUN
ftr-433	845	15	l.	l.	PROPN
ftr-433	845	16	rev	rev	PROPN
ftr-433	845	17	.	.	PROPN
ftr-433	845	18	623	623	NUM
ftr-433	845	19	(	(	PUNCT
ftr-433	845	20	1985	1985	NUM
ftr-433	845	21	)	)	PUNCT
ftr-433	845	22	.	.	PUNCT
ftr-433	846	1	realization	realization	NOUN
ftr-433	846	2	requirement	requirement	NOUN
ftr-433	846	3	,	,	PUNCT
ftr-433	846	4	which	which	PRON
ftr-433	846	5	only	only	ADV
ftr-433	846	6	creates	create	VERB
ftr-433	846	7	a	a	DET
ftr-433	846	8	subset	subset	NOUN
ftr-433	846	9	of	of	ADP
ftr-433	846	10	the	the	DET
ftr-433	846	11	consumption	consumption	NOUN
ftr-433	846	12	and	and	CCONJ
ftr-433	846	13	dw	dw	NOUN
ftr-433	846	14	factors	factor	NOUN
ftr-433	846	15	in	in	ADP
ftr-433	846	16	the	the	DET
ftr-433	846	17	amit	amit	PROPN
ftr-433	846	18	base	base	NOUN
ftr-433	846	19	formula	formula	NOUN
ftr-433	846	20	,	,	PUNCT
ftr-433	846	21	should	should	AUX
ftr-433	846	22	alter	alter	VERB
ftr-433	846	23	this	this	DET
ftr-433	846	24	principle	principle	NOUN
ftr-433	846	25	of	of	ADP
ftr-433	846	26	income	income	NOUN
ftr-433	846	27	taxation	taxation	NOUN
ftr-433	846	28	in	in	ADP
ftr-433	846	29	a	a	DET
ftr-433	846	30	rbit	rbit	NOUN
ftr-433	846	31	.	.	PUNCT
ftr-433	847	1	to	to	ADP
ftr-433	847	2	the	the	DET
ftr-433	847	3	extent	extent	NOUN
ftr-433	847	4	that	that	SCONJ
ftr-433	847	5	a	a	DET
ftr-433	847	6	cost	cost	NOUN
ftr-433	847	7	recovery	recovery	NOUN
ftr-433	847	8	method	method	NOUN
ftr-433	847	9	does	do	AUX
ftr-433	847	10	not	not	PART
ftr-433	847	11	fully	fully	ADV
ftr-433	847	12	recover	recover	VERB
ftr-433	847	13	capital	capital	NOUN
ftr-433	847	14	costs	cost	NOUN
ftr-433	847	15	,	,	PUNCT
ftr-433	847	16	either	either	CCONJ
ftr-433	847	17	at	at	ADP
ftr-433	847	18	acquisition	acquisition	NOUN
ftr-433	847	19	,	,	PUNCT
ftr-433	847	20	during	during	ADP
ftr-433	847	21	the	the	DET
ftr-433	847	22	holding	hold	VERB
ftr-433	847	23	period	period	NOUN
ftr-433	847	24	of	of	ADP
ftr-433	847	25	the	the	DET
ftr-433	847	26	asset	asset	NOUN
ftr-433	847	27	,	,	PUNCT
ftr-433	847	28	or	or	CCONJ
ftr-433	847	29	at	at	ADP
ftr-433	847	30	disposition	disposition	NOUN
ftr-433	847	31	,	,	PUNCT
ftr-433	847	32	a	a	DET
ftr-433	847	33	rbit	rbit	NOUN
ftr-433	847	34	will	will	AUX
ftr-433	847	35	tax	tax	VERB
ftr-433	847	36	capital	capital	NOUN
ftr-433	847	37	again	again	ADV
ftr-433	847	38	as	as	SCONJ
ftr-433	847	39	opposed	oppose	VERB
ftr-433	847	40	to	to	ADP
ftr-433	847	41	taxing	tax	VERB
ftr-433	847	42	income	income	NOUN
ftr-433	847	43	.	.	PUNCT
ftr-433	848	1	this	this	PRON
ftr-433	848	2	is	be	AUX
ftr-433	848	3	structurally	structurally	ADV
ftr-433	848	4	inappropriate	inappropriate	ADJ
ftr-433	848	5	for	for	ADP
ftr-433	848	6	either	either	CCONJ
ftr-433	848	7	an	an	DET
ftr-433	848	8	amit	amit	NOUN
ftr-433	848	9	or	or	CCONJ
ftr-433	848	10	a	a	DET
ftr-433	848	11	rbit	rbit	NOUN
ftr-433	848	12	base	base	NOUN
ftr-433	848	13	.	.	PUNCT
ftr-433	849	1	this	this	PRON
ftr-433	849	2	leads	lead	VERB
ftr-433	849	3	directly	directly	ADV
ftr-433	849	4	to	to	ADP
ftr-433	849	5	the	the	DET
ftr-433	849	6	articulation	articulation	NOUN
ftr-433	849	7	of	of	ADP
ftr-433	849	8	the	the	DET
ftr-433	849	9	second	second	ADJ
ftr-433	849	10	criterion	criterion	NOUN
ftr-433	849	11	:	:	PUNCT
ftr-433	849	12	a	a	DET
ftr-433	849	13	normative	normative	ADJ
ftr-433	849	14	capital	capital	NOUN
ftr-433	849	15	cost	cost	NOUN
ftr-433	849	16	recovery	recovery	NOUN
ftr-433	849	17	method	method	NOUN
ftr-433	849	18	should	should	AUX
ftr-433	849	19	cause	cause	VERB
ftr-433	849	20	income	income	NOUN
ftr-433	849	21	to	to	PART
ftr-433	849	22	be	be	AUX
ftr-433	849	23	taxed	tax	VERB
ftr-433	849	24	appropriately	appropriately	ADV
ftr-433	849	25	in	in	ADP
ftr-433	849	26	relation	relation	NOUN
ftr-433	849	27	to	to	ADP
ftr-433	849	28	the	the	DET
ftr-433	849	29	tax	tax	NOUN
ftr-433	849	30	base	base	NOUN
ftr-433	849	31	structural	structural	ADJ
ftr-433	849	32	and	and	CCONJ
ftr-433	849	33	accounting	accounting	NOUN
ftr-433	849	34	principles	principle	NOUN
ftr-433	849	35	that	that	PRON
ftr-433	849	36	underlie	underlie	VERB
ftr-433	849	37	a	a	DET
ftr-433	849	38	rbit	rbit	NOUN
ftr-433	849	39	.	.	PUNCT
ftr-433	850	1	therefore	therefore	ADV
ftr-433	850	2	,	,	PUNCT
ftr-433	850	3	only	only	ADV
ftr-433	850	4	net	net	ADJ
ftr-433	850	5	realized	realize	VERB
ftr-433	850	6	income	income	NOUN
ftr-433	850	7	should	should	AUX
ftr-433	850	8	be	be	AUX
ftr-433	850	9	taxed	tax	VERB
ftr-433	850	10	.	.	PUNCT
ftr-433	851	1	the	the	DET
ftr-433	851	2	use	use	NOUN
ftr-433	851	3	of	of	ADP
ftr-433	851	4	accretion	accretion	NOUN
ftr-433	851	5	or	or	CCONJ
ftr-433	851	6	cash	cash	NOUN
ftr-433	851	7	flow	flow	NOUN
ftr-433	851	8	accounting	accounting	NOUN
ftr-433	851	9	,	,	PUNCT
ftr-433	851	10	or	or	CCONJ
ftr-433	851	11	the	the	DET
ftr-433	851	12	recognition	recognition	NOUN
ftr-433	851	13	of	of	ADP
ftr-433	851	14	imputed	impute	VERB
ftr-433	851	15	income	income	NOUN
ftr-433	851	16	is	be	AUX
ftr-433	851	17	inconsistent	inconsistent	ADJ
ftr-433	851	18	with	with	ADP
ftr-433	851	19	the	the	DET
ftr-433	851	20	structural	structural	ADJ
ftr-433	851	21	or	or	CCONJ
ftr-433	851	22	accounting	accounting	NOUN
ftr-433	851	23	principles	principle	NOUN
ftr-433	851	24	of	of	ADP
ftr-433	851	25	a	a	DET
ftr-433	851	26	rbit	rbit	NOUN
ftr-433	851	27	base	base	NOUN
ftr-433	851	28	.	.	PUNCT
ftr-433	852	1	as	as	SCONJ
ftr-433	852	2	noted	note	VERB
ftr-433	852	3	earlier	early	ADV
ftr-433	852	4	,	,	PUNCT
ftr-433	852	5	an	an	DET
ftr-433	852	6	amit	amit	NOUN
ftr-433	852	7	base	base	NOUN
ftr-433	852	8	taxes	taxis	NOUN
ftr-433	852	9	invested	invest	VERB
ftr-433	852	10	earnings	earning	NOUN
ftr-433	852	11	at	at	ADP
ftr-433	852	12	the	the	DET
ftr-433	852	13	time	time	NOUN
ftr-433	852	14	of	of	ADP
ftr-433	852	15	their	their	PRON
ftr-433	852	16	investment	investment	NOUN
ftr-433	852	17	(	(	PUNCT
ftr-433	852	18	which	which	PRON
ftr-433	852	19	distinguishes	distinguish	VERB
ftr-433	852	20	it	it	PRON
ftr-433	852	21	from	from	ADP
ftr-433	852	22	a	a	DET
ftr-433	852	23	cfit	cfit	NOUN
ftr-433	852	24	base	base	NOUN
ftr-433	852	25	)	)	PUNCT
ftr-433	852	26	,	,	PUNCT
ftr-433	852	27	and	and	CCONJ
ftr-433	852	28	should	should	AUX
ftr-433	852	29	only	only	ADV
ftr-433	852	30	tax	tax	VERB
ftr-433	852	31	accrued	accrue	VERB
ftr-433	852	32	changes	change	NOUN
ftr-433	852	33	in	in	ADP
ftr-433	852	34	the	the	DET
ftr-433	852	35	value	value	NOUN
ftr-433	852	36	of	of	ADP
ftr-433	852	37	that	that	DET
ftr-433	852	38	after	after	ADP
ftr-433	852	39	-	-	PUNCT
ftr-433	852	40	tax	tax	NOUN
ftr-433	852	41	wealth	wealth	NOUN
ftr-433	852	42	thereafter	thereafter	ADV
ftr-433	852	43	.	.	PUNCT
ftr-433	853	1	a	a	DET
ftr-433	853	2	rbit	rbit	NOUN
ftr-433	853	3	base	base	NOUN
ftr-433	853	4	should	should	AUX
ftr-433	853	5	operate	operate	VERB
ftr-433	853	6	in	in	ADP
ftr-433	853	7	a	a	DET
ftr-433	853	8	similar	similar	ADJ
ftr-433	853	9	fashion	fashion	NOUN
ftr-433	853	10	at	at	ADP
ftr-433	853	11	the	the	DET
ftr-433	853	12	time	time	NOUN
ftr-433	853	13	of	of	ADP
ftr-433	853	14	investment	investment	NOUN
ftr-433	853	15	but	but	CCONJ
ftr-433	853	16	only	only	ADV
ftr-433	853	17	subsequent	subsequent	ADJ
ftr-433	853	18	realized	realize	VERB
ftr-433	853	19	rather	rather	ADV
ftr-433	853	20	than	than	ADP
ftr-433	853	21	accrued	accrue	VERB
ftr-433	853	22	accessions	accession	NOUN
ftr-433	853	23	to	to	ADP
ftr-433	853	24	wealth	wealth	NOUN
ftr-433	853	25	should	should	AUX
ftr-433	853	26	be	be	AUX
ftr-433	853	27	taxed	tax	VERB
ftr-433	853	28	thereafter	thereafter	ADV
ftr-433	853	29	.	.	PUNCT
ftr-433	854	1	iv	iv	X
ftr-433	854	2	.	.	PUNCT
ftr-433	854	3	capital	capital	NOUN
ftr-433	854	4	formation	formation	NOUN
ftr-433	854	5	and	and	CCONJ
ftr-433	854	6	capital	capital	NOUN
ftr-433	854	7	cost	cost	NOUN
ftr-433	854	8	recovery	recovery	NOUN
ftr-433	854	9	in	in	ADP
ftr-433	854	10	a	a	DET
ftr-433	854	11	realization	realization	NOUN
ftr-433	854	12	-	-	PUNCT
ftr-433	854	13	based	base	VERB
ftr-433	854	14	income	income	NOUN
ftr-433	854	15	tax	tax	NOUN
ftr-433	854	16	a.	a.	NOUN
ftr-433	854	17	the	the	DET
ftr-433	854	18	effect	effect	NOUN
ftr-433	854	19	of	of	ADP
ftr-433	854	20	cost	cost	NOUN
ftr-433	854	21	recovery	recovery	NOUN
ftr-433	854	22	methods	method	NOUN
ftr-433	854	23	on	on	ADP
ftr-433	854	24	loss	loss	NOUN
ftr-433	854	25	offsets	offset	NOUN
ftr-433	854	26	and	and	CCONJ
ftr-433	854	27	capital	capital	NOUN
ftr-433	854	28	investment	investment	NOUN
ftr-433	854	29	in	in	ADP
ftr-433	854	30	order	order	NOUN
ftr-433	854	31	to	to	PART
ftr-433	854	32	focus	focus	VERB
ftr-433	854	33	exclusively	exclusively	ADV
ftr-433	854	34	on	on	ADP
ftr-433	854	35	comparative	comparative	ADJ
ftr-433	854	36	cost	cost	NOUN
ftr-433	854	37	recovery	recovery	NOUN
ftr-433	854	38	method	method	NOUN
ftr-433	854	39	issues	issue	NOUN
ftr-433	855	1	,	,	PUNCT
ftr-433	855	2	this	this	DET
ftr-433	855	3	article	article	NOUN
ftr-433	855	4	assumes	assume	VERB
ftr-433	855	5	that	that	SCONJ
ftr-433	855	6	all	all	DET
ftr-433	855	7	rbit	rbit	VERB
ftr-433	855	8	base	base	NOUN
ftr-433	855	9	investments	investment	NOUN
ftr-433	855	10	herein	herein	NOUN
ftr-433	855	11	are	be	AUX
ftr-433	855	12	cashfinanced	cashfinance	VERB
ftr-433	855	13	and	and	CCONJ
ftr-433	855	14	are	be	AUX
ftr-433	855	15	purchased	purchase	VERB
ftr-433	855	16	with	with	ADP
ftr-433	855	17	capital	capital	NOUN
ftr-433	855	18	,	,	PUNCT
ftr-433	855	19	which	which	PRON
ftr-433	855	20	is	be	AUX
ftr-433	855	21	defined	define	VERB
ftr-433	855	22	for	for	ADP
ftr-433	855	23	purposes	purpose	NOUN
ftr-433	855	24	of	of	ADP
ftr-433	855	25	this	this	DET
ftr-433	855	26	article	article	NOUN
ftr-433	855	27	as	as	ADP
ftr-433	855	28	actual	actual	ADJ
ftr-433	855	29	after	after	ADP
ftr-433	855	30	-	-	PUNCT
ftr-433	855	31	tax	tax	NOUN
ftr-433	855	32	dollars	dollar	NOUN
ftr-433	855	33	.	.	PUNCT
ftr-433	856	1	this	this	DET
ftr-433	856	2	sort	sort	NOUN
ftr-433	856	3	of	of	ADP
ftr-433	856	4	investment	investment	NOUN
ftr-433	856	5	can	can	AUX
ftr-433	856	6	arise	arise	VERB
ftr-433	856	7	in	in	ADP
ftr-433	856	8	at	at	ADP
ftr-433	856	9	least121	least121	PROPN
ftr-433	856	10	two	two	NUM
ftr-433	856	11	situations	situation	NOUN
ftr-433	856	12	:	:	PUNCT
ftr-433	856	13	savings	saving	NOUN
ftr-433	856	14	-	-	PUNCT
ftr-433	856	15	financed	finance	VERB
ftr-433	856	16	investment	investment	NOUN
ftr-433	856	17	and	and	CCONJ
ftr-433	856	18	investment	investment	NOUN
ftr-433	856	19	financed	finance	VERB
ftr-433	856	20	from	from	ADP
ftr-433	856	21	contemporaneous	contemporaneous	ADJ
ftr-433	856	22	after	after	ADP
ftr-433	856	23	-	-	PUNCT
ftr-433	856	24	tax	tax	NOUN
ftr-433	856	25	earnings	earning	NOUN
ftr-433	856	26	.	.	PUNCT
ftr-433	857	1	2002	2002	NUM
ftr-433	857	2	]	]	PUNCT
ftr-433	857	3	normative	normative	ADJ
ftr-433	857	4	capital	capital	NOUN
ftr-433	857	5	cost	cost	NOUN
ftr-433	857	6	recovery	recovery	NOUN
ftr-433	857	7	505	505	NUM
ftr-433	857	8	each	each	DET
ftr-433	857	9	cost	cost	NOUN
ftr-433	857	10	recovery	recovery	NOUN
ftr-433	857	11	method	method	NOUN
ftr-433	857	12	,	,	PUNCT
ftr-433	857	13	ranging	range	VERB
ftr-433	857	14	in	in	ADP
ftr-433	857	15	speed	speed	NOUN
ftr-433	857	16	from	from	ADP
ftr-433	857	17	economic	economic	ADJ
ftr-433	857	18	to	to	ADP
ftr-433	857	19	expensing	expense	VERB
ftr-433	857	20	,	,	PUNCT
ftr-433	857	21	involves	involve	VERB
ftr-433	857	22	a	a	DET
ftr-433	857	23	trade	trade	NOUN
ftr-433	857	24	-	-	PUNCT
ftr-433	857	25	off	off	NOUN
ftr-433	857	26	between	between	ADP
ftr-433	857	27	the	the	DET
ftr-433	857	28	amount	amount	NOUN
ftr-433	857	29	of	of	ADP
ftr-433	857	30	earnings	earning	NOUN
ftr-433	857	31	that	that	PRON
ftr-433	857	32	is	be	AUX
ftr-433	857	33	offset	offset	VERB
ftr-433	857	34	and	and	CCONJ
ftr-433	857	35	the	the	DET
ftr-433	857	36	amount	amount	NOUN
ftr-433	857	37	of	of	ADP
ftr-433	857	38	asset	asset	NOUN
ftr-433	857	39	yield	yield	NOUN
ftr-433	857	40	that	that	PRON
ftr-433	857	41	is	be	AUX
ftr-433	857	42	offset	offset	VERB
ftr-433	857	43	during	during	ADP
ftr-433	857	44	the	the	DET
ftr-433	857	45	asset	asset	NOUN
ftr-433	857	46	’s	’s	PART
ftr-433	857	47	holding	hold	VERB
ftr-433	857	48	period	period	NOUN
ftr-433	857	49	.	.	PUNCT
ftr-433	858	1	for	for	ADP
ftr-433	858	2	example	example	NOUN
ftr-433	858	3	,	,	PUNCT
ftr-433	858	4	table	table	NOUN
ftr-433	858	5	9	9	NUM
ftr-433	858	6	below	below	ADP
ftr-433	858	7	shows	show	VERB
ftr-433	858	8	that	that	SCONJ
ftr-433	858	9	the	the	DET
ftr-433	858	10	spectrum	spectrum	NOUN
ftr-433	858	11	runs	run	VERB
ftr-433	858	12	from	from	ADP
ftr-433	858	13	economic	economic	ADJ
ftr-433	858	14	cost	cost	NOUN
ftr-433	858	15	recovery	recovery	NOUN
ftr-433	858	16	,	,	PUNCT
ftr-433	858	17	which	which	PRON
ftr-433	858	18	recovers	recover	VERB
ftr-433	858	19	no	no	DET
ftr-433	858	20	cost	cost	NOUN
ftr-433	858	21	from	from	ADP
ftr-433	858	22	earnings	earning	NOUN
ftr-433	858	23	and	and	CCONJ
ftr-433	858	24	all	all	ADV
ftr-433	858	25	from	from	ADP
ftr-433	858	26	asset	asset	NOUN
ftr-433	858	27	yield	yield	NOUN
ftr-433	858	28	,	,	PUNCT
ftr-433	858	29	to	to	ADP
ftr-433	858	30	expensing	expense	VERB
ftr-433	858	31	,	,	PUNCT
ftr-433	858	32	which	which	PRON
ftr-433	858	33	recovers	recover	VERB
ftr-433	858	34	all	all	DET
ftr-433	858	35	cost	cost	NOUN
ftr-433	858	36	from	from	ADP
ftr-433	858	37	earnings	earning	NOUN
ftr-433	858	38	and	and	CCONJ
ftr-433	858	39	none	none	NOUN
ftr-433	858	40	from	from	ADP
ftr-433	858	41	asset	asset	NOUN
ftr-433	858	42	yield	yield	NOUN
ftr-433	858	43	.	.	PUNCT
ftr-433	859	1	this	this	DET
ftr-433	859	2	table	table	NOUN
ftr-433	859	3	also	also	ADV
ftr-433	859	4	shows	show	VERB
ftr-433	859	5	that	that	SCONJ
ftr-433	859	6	when	when	SCONJ
ftr-433	859	7	both	both	DET
ftr-433	859	8	earnings	earning	NOUN
ftr-433	859	9	and	and	CCONJ
ftr-433	859	10	asset	asset	NOUN
ftr-433	859	11	yield	yield	NOUN
ftr-433	859	12	are	be	AUX
ftr-433	859	13	taken	take	VERB
ftr-433	859	14	into	into	ADP
ftr-433	859	15	account	account	NOUN
ftr-433	859	16	,	,	PUNCT
ftr-433	859	17	every	every	DET
ftr-433	859	18	rbit	rbit	NOUN
ftr-433	859	19	base	base	NOUN
ftr-433	859	20	cost	cost	NOUN
ftr-433	859	21	recovery	recovery	NOUN
ftr-433	859	22	method	method	NOUN
ftr-433	859	23	creates	create	VERB
ftr-433	859	24	the	the	DET
ftr-433	859	25	same	same	ADJ
ftr-433	859	26	net	net	ADJ
ftr-433	859	27	amount	amount	NOUN
ftr-433	859	28	of	of	ADP
ftr-433	859	29	taxable	taxable	ADJ
ftr-433	859	30	income	income	NOUN
ftr-433	859	31	,	,	PUNCT
ftr-433	859	32	tax	tax	NOUN
ftr-433	859	33	and	and	CCONJ
ftr-433	859	34	after	after	ADP
ftr-433	859	35	-	-	PUNCT
ftr-433	859	36	tax	tax	NOUN
ftr-433	859	37	cash	cash	NOUN
ftr-433	859	38	flow	flow	NOUN
ftr-433	859	39	over	over	ADP
ftr-433	859	40	the	the	DET
ftr-433	859	41	total	total	ADJ
ftr-433	859	42	life	life	NOUN
ftr-433	859	43	of	of	ADP
ftr-433	859	44	the	the	DET
ftr-433	859	45	combined	combine	VERB
ftr-433	859	46	earning	earning	NOUN
ftr-433	859	47	and	and	CCONJ
ftr-433	859	48	investment	investment	NOUN
ftr-433	859	49	cycle	cycle	NOUN
ftr-433	859	50	.	.	PUNCT
ftr-433	860	1	table	table	NOUN
ftr-433	860	2	9	9	NUM
ftr-433	860	3	:	:	PUNCT
ftr-433	860	4	comparative	comparative	ADJ
ftr-433	860	5	non	non	ADJ
ftr-433	860	6	-	-	ADJ
ftr-433	860	7	asset	asset	ADJ
ftr-433	860	8	income	income	NOUN
ftr-433	860	9	offsets	offset	NOUN
ftr-433	860	10	for	for	ADP
ftr-433	860	11	rbit	rbit	NOUN
ftr-433	860	12	base	base	NOUN
ftr-433	860	13	cost	cost	NOUN
ftr-433	860	14	recovery	recovery	NOUN
ftr-433	860	15	methods	method	NOUN
ftr-433	860	16	recovery	recovery	NOUN
ftr-433	860	17	method	method	PROPN
ftr-433	860	18	non	non	ADJ
ftr-433	860	19	-	-	ADJ
ftr-433	860	20	asset	asset	ADJ
ftr-433	860	21	t.i	t.i	PROPN
ftr-433	860	22	.	.	PROPN
ftr-433	860	23	asset	asset	PROPN
ftr-433	860	24	t.i	t.i	PROPN
ftr-433	860	25	.	.	PROPN
ftr-433	860	26	total	total	PROPN
ftr-433	860	27	t.i	t.i	PROPN
ftr-433	860	28	.	.	PROPN
ftr-433	860	29	tax	tax	PROPN
ftr-433	860	30	atcf	atcf	NOUN
ftr-433	860	31	economic	economic	ADJ
ftr-433	860	32	100	100	NUM
ftr-433	860	33	–	–	SYM
ftr-433	860	34	0	0	NUM
ftr-433	861	1	=	=	SYM
ftr-433	861	2	100	100	NUM
ftr-433	861	3	126.20	126.20	NUM
ftr-433	861	4	-	-	SYM
ftr-433	861	5	100=26.20	100=26.20	NUM
ftr-433	861	6	126.20	126.20	NUM
ftr-433	861	7	63.10	63.10	NUM
ftr-433	861	8	63.10	63.10	NUM
ftr-433	861	9	acrs	acr	NOUN
ftr-433	861	10	100	100	NUM
ftr-433	861	11	-	-	PUNCT
ftr-433	861	12	11.90=88.10	11.90=88.10	NOUN
ftr-433	861	13	126.20	126.20	NUM
ftr-433	861	14	-	-	SYM
ftr-433	861	15	88.10=38.10	88.10=38.10	NOUN
ftr-433	861	16	126.20	126.20	NUM
ftr-433	861	17	63.10	63.10	NUM
ftr-433	861	18	63.10	63.10	NUM
ftr-433	861	19	m	m	VERB
ftr-433	861	20	acrs	acrs	VERB
ftr-433	861	21	100	100	NUM
ftr-433	861	22	-	-	SYM
ftr-433	861	23	14.68=85.32	14.68=85.32	NUM
ftr-433	861	24	126.20	126.20	NUM
ftr-433	861	25	-	-	SYM
ftr-433	861	26	85.32=40.88	85.32=40.88	NUM
ftr-433	861	27	126.20	126.20	NUM
ftr-433	861	28	63.10	63.10	NUM
ftr-433	861	29	63.10	63.10	NUM
ftr-433	861	30	yr	yr	NOUN
ftr-433	861	31	end	end	VERB
ftr-433	861	32	expensing	expense	VERB
ftr-433	861	33	100	100	NUM
ftr-433	861	34	-	-	PUNCT
ftr-433	861	35	68.45=31.55	68.45=31.55	NOUN
ftr-433	861	36	126.20	126.20	NUM
ftr-433	861	37	-	-	SYM
ftr-433	861	38	31.55=94.65	31.55=94.65	NUM
ftr-433	861	39	126.20	126.20	NUM
ftr-433	861	40	63.10	63.10	NUM
ftr-433	861	41	63.10	63.10	NUM
ftr-433	861	42	theoretical	theoretical	ADJ
ftr-433	861	43	expg	expg	NOUN
ftr-433	861	44	100	100	NUM
ftr-433	861	45	–	–	SYM
ftr-433	861	46	100	100	NUM
ftr-433	861	47	=	=	SYM
ftr-433	861	48	0	0	NUM
ftr-433	861	49	126	126	NUM
ftr-433	861	50	0	0	NUM
ftr-433	862	1	=	=	SYM
ftr-433	862	2	126	126	NUM
ftr-433	862	3	126.20	126.20	NUM
ftr-433	862	4	63.10	63.10	NUM
ftr-433	862	5	63.10	63.10	NUM
ftr-433	862	6	however	however	ADV
ftr-433	862	7	,	,	PUNCT
ftr-433	862	8	the	the	DET
ftr-433	862	9	amount	amount	NOUN
ftr-433	862	10	of	of	ADP
ftr-433	862	11	the	the	DET
ftr-433	862	12	initial	initial	ADJ
ftr-433	862	13	investment	investment	NOUN
ftr-433	862	14	that	that	PRON
ftr-433	862	15	can	can	AUX
ftr-433	862	16	be	be	AUX
ftr-433	862	17	financed	finance	VERB
ftr-433	862	18	from	from	ADP
ftr-433	862	19	after	after	ADP
ftr-433	862	20	-	-	PUNCT
ftr-433	862	21	tax	tax	NOUN
ftr-433	862	22	earnings	earning	NOUN
ftr-433	862	23	depends	depend	VERB
ftr-433	862	24	upon	upon	SCONJ
ftr-433	862	25	the	the	DET
ftr-433	862	26	amount	amount	NOUN
ftr-433	862	27	of	of	ADP
ftr-433	862	28	loss	loss	NOUN
ftr-433	862	29	offset	offset	NOUN
ftr-433	862	30	and	and	CCONJ
ftr-433	862	31	consequent	consequent	ADJ
ftr-433	862	32	tax	tax	NOUN
ftr-433	862	33	savings	saving	NOUN
ftr-433	862	34	created	create	VERB
ftr-433	862	35	by	by	ADP
ftr-433	862	36	a	a	DET
ftr-433	862	37	given	give	VERB
ftr-433	862	38	cost	cost	NOUN
ftr-433	862	39	recovery	recovery	NOUN
ftr-433	862	40	method	method	NOUN
ftr-433	862	41	in	in	ADP
ftr-433	862	42	the	the	DET
ftr-433	862	43	year	year	NOUN
ftr-433	862	44	earnings	earning	NOUN
ftr-433	862	45	are	be	AUX
ftr-433	862	46	invested	invest	VERB
ftr-433	862	47	.	.	PUNCT
ftr-433	863	1	because	because	SCONJ
ftr-433	863	2	different	different	ADJ
ftr-433	863	3	amounts	amount	NOUN
ftr-433	863	4	of	of	ADP
ftr-433	863	5	loss	loss	NOUN
ftr-433	863	6	offset	offset	NOUN
ftr-433	863	7	and	and	CCONJ
ftr-433	863	8	tax	tax	NOUN
ftr-433	863	9	savings	saving	NOUN
ftr-433	863	10	are	be	AUX
ftr-433	863	11	produced	produce	VERB
ftr-433	863	12	by	by	ADP
ftr-433	863	13	various	various	ADJ
ftr-433	863	14	cost	cost	NOUN
ftr-433	863	15	recovery	recovery	NOUN
ftr-433	863	16	methods	method	NOUN
ftr-433	863	17	in	in	ADP
ftr-433	863	18	the	the	DET
ftr-433	863	19	year	year	NOUN
ftr-433	863	20	of	of	ADP
ftr-433	863	21	investment	investment	NOUN
ftr-433	863	22	,	,	PUNCT
ftr-433	863	23	each	each	DET
ftr-433	863	24	cost	cost	NOUN
ftr-433	863	25	recovery	recovery	NOUN
ftr-433	863	26	method	method	NOUN
ftr-433	863	27	permits	permit	VERB
ftr-433	863	28	a	a	DET
ftr-433	863	29	different	different	ADJ
ftr-433	863	30	amount	amount	NOUN
ftr-433	863	31	of	of	ADP
ftr-433	863	32	after	after	ADP
ftr-433	863	33	-	-	PUNCT
ftr-433	863	34	tax	tax	NOUN
ftr-433	863	35	investment	investment	NOUN
ftr-433	863	36	to	to	PART
ftr-433	863	37	be	be	AUX
ftr-433	863	38	made	make	VERB
ftr-433	863	39	from	from	ADP
ftr-433	863	40	a	a	DET
ftr-433	863	41	given	give	VERB
ftr-433	863	42	amount	amount	NOUN
ftr-433	863	43	of	of	ADP
ftr-433	863	44	earnings	earning	NOUN
ftr-433	863	45	.	.	PUNCT
ftr-433	864	1	this	this	DET
ftr-433	864	2	insight	insight	NOUN
ftr-433	864	3	is	be	AUX
ftr-433	864	4	borne	bear	VERB
ftr-433	864	5	out	out	ADP
ftr-433	864	6	by	by	ADP
ftr-433	864	7	table	table	NOUN
ftr-433	864	8	10	10	NUM
ftr-433	864	9	below	below	ADV
ftr-433	864	10	,	,	PUNCT
ftr-433	864	11	which	which	PRON
ftr-433	864	12	shows	show	VERB
ftr-433	864	13	the	the	DET
ftr-433	864	14	effect	effect	NOUN
ftr-433	864	15	of	of	ADP
ftr-433	864	16	investing	invest	VERB
ftr-433	864	17	$	$	SYM
ftr-433	864	18	100	100	NUM
ftr-433	864	19	from	from	ADP
ftr-433	864	20	$	$	SYM
ftr-433	864	21	200	200	NUM
ftr-433	864	22	of	of	ADP
ftr-433	864	23	current	current	ADJ
ftr-433	864	24	earnings	earning	NOUN
ftr-433	864	25	in	in	ADP
ftr-433	864	26	a	a	DET
ftr-433	864	27	rbit	rbit	NOUN
ftr-433	864	28	base	base	NOUN
ftr-433	864	29	using	use	VERB
ftr-433	864	30	the	the	DET
ftr-433	864	31	same	same	ADJ
ftr-433	864	32	spectrum	spectrum	NOUN
ftr-433	864	33	of	of	ADP
ftr-433	864	34	cost	cost	NOUN
ftr-433	864	35	recovery	recovery	NOUN
ftr-433	864	36	methods	method	NOUN
ftr-433	864	37	that	that	PRON
ftr-433	864	38	were	be	AUX
ftr-433	864	39	analyzed	analyze	VERB
ftr-433	864	40	in	in	ADP
ftr-433	864	41	part	part	PROPN
ftr-433	864	42	ii	ii	NOUN
ftr-433	864	43	and	and	CCONJ
ftr-433	864	44	table	table	NOUN
ftr-433	864	45	9	9	NUM
ftr-433	864	46	above	above	ADV
ftr-433	864	47	.	.	PUNCT
ftr-433	865	1	this	this	DET
ftr-433	865	2	analysis	analysis	NOUN
ftr-433	865	3	produces	produce	VERB
ftr-433	865	4	different	different	ADJ
ftr-433	865	5	results	result	NOUN
ftr-433	865	6	because	because	SCONJ
ftr-433	865	7	acrs	acr	NOUN
ftr-433	865	8	and	and	CCONJ
ftr-433	865	9	macrs	macr	NOUN
ftr-433	865	10	,	,	PUNCT
ftr-433	865	11	while	while	SCONJ
ftr-433	865	12	offsetting	offset	VERB
ftr-433	865	13	non	non	ADJ
ftr-433	865	14	-	-	ADJ
ftr-433	865	15	asset	asset	ADJ
ftr-433	865	16	earnings	earning	NOUN
ftr-433	865	17	in	in	ADP
ftr-433	865	18	years	year	NOUN
ftr-433	865	19	2	2	NUM
ftr-433	865	20	and	and	CCONJ
ftr-433	865	21	3	3	NUM
ftr-433	865	22	,	,	PUNCT
ftr-433	865	23	offset	offset	VERB
ftr-433	865	24	little	little	ADJ
ftr-433	865	25	or	or	CCONJ
ftr-433	865	26	no	no	PRON
ftr-433	865	27	earnings	earning	NOUN
ftr-433	865	28	in	in	ADP
ftr-433	865	29	year	year	NOUN
ftr-433	865	30	1	1	NUM
ftr-433	865	31	.	.	NUM
ftr-433	865	32	506	506	NUM
ftr-433	865	33	florida	florida	PROPN
ftr-433	865	34	tax	tax	NOUN
ftr-433	865	35	review	review	NOUN
ftr-433	865	36	[	[	X
ftr-433	865	37	vol	vol	NOUN
ftr-433	865	38	.	.	PUNCT
ftr-433	865	39	5:7	5:7	NUM
ftr-433	865	40	122	122	NUM
ftr-433	865	41	.	.	PUNCT
ftr-433	866	1	deduction	deduction	NOUN
ftr-433	866	2	against	against	ADP
ftr-433	866	3	non	non	ADJ
ftr-433	866	4	-	-	ADJ
ftr-433	866	5	asset	asset	ADJ
ftr-433	866	6	t.i	t.i	PROPN
ftr-433	866	7	.	.	PROPN
ftr-433	866	8	in	in	ADP
ftr-433	866	9	year	year	NOUN
ftr-433	866	10	1	1	NUM
ftr-433	866	11	only	only	ADV
ftr-433	866	12	.	.	PUNCT
ftr-433	867	1	123	123	NUM
ftr-433	867	2	.	.	PUNCT
ftr-433	868	1	earnings	earning	NOUN
ftr-433	868	2	minus	minus	ADP
ftr-433	868	3	loss	loss	NOUN
ftr-433	868	4	offset	offset	NOUN
ftr-433	868	5	.	.	PUNCT
ftr-433	869	1	124	124	NUM
ftr-433	869	2	.	.	PUNCT
ftr-433	870	1	earnings	earning	NOUN
ftr-433	870	2	minus	minus	ADP
ftr-433	870	3	investment	investment	PROPN
ftr-433	870	4	minus	minus	CCONJ
ftr-433	870	5	tax	tax	NOUN
ftr-433	870	6	paid	pay	VERB
ftr-433	870	7	.	.	PUNCT
ftr-433	871	1	125	125	NUM
ftr-433	871	2	.	.	PUNCT
ftr-433	872	1	(	(	PUNCT
ftr-433	872	2	earnings	earning	NOUN
ftr-433	872	3	loss	loss	NOUN
ftr-433	872	4	offset	offset	NOUN
ftr-433	872	5	)	)	PUNCT
ftr-433	872	6	x	x	X
ftr-433	873	1	(	(	PUNCT
ftr-433	873	2	l	l	PROPN
ftr-433	873	3	–	–	PUNCT
ftr-433	873	4	t	t	PROPN
ftr-433	873	5	)	)	PUNCT
ftr-433	873	6	.	.	PUNCT
ftr-433	874	1	see	see	VERB
ftr-433	874	2	discussion	discussion	NOUN
ftr-433	874	3	in	in	ADP
ftr-433	874	4	next	next	ADJ
ftr-433	874	5	part	part	NOUN
ftr-433	874	6	iv.b	iv.b	PROPN
ftr-433	874	7	.	.	PROPN
ftr-433	874	8	126	126	NUM
ftr-433	874	9	.	.	PUNCT
ftr-433	875	1	this	this	DET
ftr-433	875	2	situation	situation	NOUN
ftr-433	875	3	is	be	AUX
ftr-433	875	4	also	also	ADV
ftr-433	875	5	necessitated	necessitate	VERB
ftr-433	875	6	by	by	ADP
ftr-433	875	7	the	the	DET
ftr-433	875	8	fact	fact	NOUN
ftr-433	875	9	that	that	SCONJ
ftr-433	875	10	the	the	DET
ftr-433	875	11	first	first	ADJ
ftr-433	875	12	criterion	criterion	NOUN
ftr-433	875	13	for	for	ADP
ftr-433	875	14	a	a	DET
ftr-433	875	15	normative	normative	ADJ
ftr-433	875	16	cost	cost	NOUN
ftr-433	875	17	recovery	recovery	NOUN
ftr-433	875	18	method	method	NOUN
ftr-433	875	19	requires	require	VERB
ftr-433	875	20	the	the	DET
ftr-433	875	21	ability	ability	NOUN
ftr-433	875	22	to	to	PART
ftr-433	875	23	identify	identify	VERB
ftr-433	875	24	and	and	CCONJ
ftr-433	875	25	measure	measure	VERB
ftr-433	875	26	the	the	DET
ftr-433	875	27	amount	amount	NOUN
ftr-433	875	28	of	of	ADP
ftr-433	875	29	capital	capital	NOUN
ftr-433	875	30	invested	invest	VERB
ftr-433	875	31	,	,	PUNCT
ftr-433	875	32	and	and	CCONJ
ftr-433	875	33	the	the	DET
ftr-433	875	34	second	second	ADJ
ftr-433	875	35	criterion	criterion	NOUN
ftr-433	875	36	requires	require	VERB
ftr-433	875	37	the	the	DET
ftr-433	875	38	ability	ability	NOUN
ftr-433	875	39	to	to	PART
ftr-433	875	40	distinguish	distinguish	VERB
ftr-433	875	41	the	the	DET
ftr-433	875	42	recovery	recovery	NOUN
ftr-433	875	43	of	of	ADP
ftr-433	875	44	capital	capital	NOUN
ftr-433	875	45	from	from	ADP
ftr-433	875	46	realized	realize	VERB
ftr-433	875	47	income	income	NOUN
ftr-433	875	48	.	.	PUNCT
ftr-433	876	1	table	table	NOUN
ftr-433	876	2	10	10	NUM
ftr-433	876	3	:	:	PUNCT
ftr-433	876	4	comparative	comparative	ADJ
ftr-433	876	5	loss	loss	NOUN
ftr-433	876	6	offset	offset	NOUN
ftr-433	876	7	and	and	CCONJ
ftr-433	876	8	after	after	ADP
ftr-433	876	9	-	-	PUNCT
ftr-433	876	10	tax	tax	NOUN
ftr-433	876	11	investment	investment	NOUN
ftr-433	876	12	for	for	ADP
ftr-433	876	13	rbit	rbit	NOUN
ftr-433	876	14	cost	cost	NOUN
ftr-433	876	15	recovery	recovery	NOUN
ftr-433	876	16	methods	method	NOUN
ftr-433	876	17	recovery	recovery	NOUN
ftr-433	876	18	m	m	PROPN
ftr-433	876	19	ethod	ethod	PROPN
ftr-433	876	20	earnings	earning	NOUN
ftr-433	876	21	investment	investment	NOUN
ftr-433	876	22	loss	loss	NOUN
ftr-433	876	23	offset122	offset122	PROPN
ftr-433	876	24	t.i	t.i	PROPN
ftr-433	876	25	.	.	PROPN
ftr-433	876	26	tax	tax	PROPN
ftr-433	876	27	paid	pay	VERB
ftr-433	876	28	atcf	atcf	NOUN
ftr-433	876	29	after	after	ADP
ftr-433	876	30	-	-	PUNCT
ftr-433	876	31	tax123	tax123	PROPN
ftr-433	876	32	124	124	NUM
ftr-433	876	33	investment125	investment125	PRON
ftr-433	876	34	econom	econom	PROPN
ftr-433	876	35	ic	ic	PROPN
ftr-433	876	36	200.00	200.00	NUM
ftr-433	876	37	100.00	100.00	NUM
ftr-433	876	38	0.00	0.00	NUM
ftr-433	876	39	200.00	200.00	NUM
ftr-433	876	40	100.00	100.00	NUM
ftr-433	876	41	0.00	0.00	NUM
ftr-433	876	42	100.00	100.00	NUM
ftr-433	876	43	acrs	acr	NOUN
ftr-433	876	44	200.00	200.00	NUM
ftr-433	876	45	100.00	100.00	NUM
ftr-433	876	46	0.00	0.00	NUM
ftr-433	876	47	200.00	200.00	NUM
ftr-433	876	48	100.00	100.00	NUM
ftr-433	876	49	0.00	0.00	NUM
ftr-433	876	50	100.00	100.00	NUM
ftr-433	876	51	m	m	NOUN
ftr-433	876	52	acrs	acr	NOUN
ftr-433	876	53	200.00	200.00	NUM
ftr-433	876	54	100.00	100.00	NUM
ftr-433	876	55	1.78	1.78	NUM
ftr-433	876	56	198.22	198.22	NUM
ftr-433	876	57	99.11	99.11	NUM
ftr-433	876	58	0	0	NUM
ftr-433	876	59	..	..	SYM
ftr-433	876	60	89	89	NUM
ftr-433	876	61	99.55	99.55	NUM
ftr-433	876	62	yr	yr	NOUN
ftr-433	876	63	end	end	NOUN
ftr-433	876	64	exp	exp	NOUN
ftr-433	876	65	200.00	200.00	NUM
ftr-433	876	66	100.00	100.00	NUM
ftr-433	876	67	68.45	68.45	NUM
ftr-433	876	68	131.55	131.55	NUM
ftr-433	876	69	65.78	65.78	NUM
ftr-433	876	70	34.22	34.22	NUM
ftr-433	876	71	65.78	65.78	NUM
ftr-433	876	72	theor	theor	PROPN
ftr-433	876	73	expg	expg	PROPN
ftr-433	876	74	200.00	200.00	NUM
ftr-433	876	75	100.00	100.00	NUM
ftr-433	876	76	100.00	100.00	NUM
ftr-433	876	77	100.00	100.00	NUM
ftr-433	876	78	50.00	50.00	NUM
ftr-433	876	79	50.00	50.00	NUM
ftr-433	876	80	50.00	50.00	NUM
ftr-433	876	81	table	table	NOUN
ftr-433	876	82	10	10	NUM
ftr-433	876	83	shows	show	VERB
ftr-433	876	84	that	that	SCONJ
ftr-433	876	85	the	the	DET
ftr-433	876	86	amount	amount	NOUN
ftr-433	876	87	of	of	ADP
ftr-433	876	88	after	after	ADP
ftr-433	876	89	-	-	PUNCT
ftr-433	876	90	tax	tax	NOUN
ftr-433	876	91	dollar	dollar	NOUN
ftr-433	876	92	(	(	PUNCT
ftr-433	876	93	or	or	CCONJ
ftr-433	876	94	capital	capital	NOUN
ftr-433	876	95	)	)	PUNCT
ftr-433	876	96	investment	investment	NOUN
ftr-433	876	97	that	that	PRON
ftr-433	876	98	can	can	AUX
ftr-433	876	99	occur	occur	VERB
ftr-433	876	100	in	in	ADP
ftr-433	876	101	a	a	DET
ftr-433	876	102	rbit	rbit	NOUN
ftr-433	876	103	base	base	NOUN
ftr-433	876	104	in	in	ADP
ftr-433	876	105	the	the	DET
ftr-433	876	106	year	year	NOUN
ftr-433	876	107	a	a	DET
ftr-433	876	108	fixed	fix	VERB
ftr-433	876	109	amount	amount	NOUN
ftr-433	876	110	of	of	ADP
ftr-433	876	111	earnings	earning	NOUN
ftr-433	876	112	is	be	AUX
ftr-433	876	113	invested	invest	VERB
ftr-433	876	114	depends	depend	VERB
ftr-433	876	115	directly	directly	ADV
ftr-433	876	116	on	on	ADP
ftr-433	876	117	the	the	DET
ftr-433	876	118	cost	cost	NOUN
ftr-433	876	119	recovery	recovery	NOUN
ftr-433	876	120	method	method	NOUN
ftr-433	876	121	employed	employ	VERB
ftr-433	876	122	.	.	PUNCT
ftr-433	877	1	for	for	ADP
ftr-433	877	2	a	a	DET
ftr-433	877	3	given	give	VERB
ftr-433	877	4	amount	amount	NOUN
ftr-433	877	5	of	of	ADP
ftr-433	877	6	investment	investment	NOUN
ftr-433	877	7	,	,	PUNCT
ftr-433	877	8	economic	economic	ADJ
ftr-433	877	9	cost	cost	NOUN
ftr-433	877	10	recovery	recovery	NOUN
ftr-433	877	11	produces	produce	VERB
ftr-433	877	12	the	the	DET
ftr-433	877	13	most	most	ADJ
ftr-433	877	14	investment	investment	NOUN
ftr-433	877	15	from	from	ADP
ftr-433	877	16	capital	capital	NOUN
ftr-433	877	17	(	(	PUNCT
ftr-433	877	18	e.g.	e.g.	ADV
ftr-433	877	19	,	,	PUNCT
ftr-433	877	20	$	$	SYM
ftr-433	877	21	100	100	NUM
ftr-433	877	22	in	in	ADP
ftr-433	877	23	table	table	NOUN
ftr-433	877	24	10	10	NUM
ftr-433	877	25	)	)	PUNCT
ftr-433	877	26	,	,	PUNCT
ftr-433	877	27	and	and	CCONJ
ftr-433	877	28	expensing	expensing	NOUN
ftr-433	877	29	produces	produce	VERB
ftr-433	877	30	the	the	DET
ftr-433	877	31	least	least	ADJ
ftr-433	877	32	(	(	PUNCT
ftr-433	877	33	e.g.	e.g.	ADV
ftr-433	877	34	,	,	PUNCT
ftr-433	877	35	$	$	SYM
ftr-433	877	36	50	50	NUM
ftr-433	877	37	in	in	ADP
ftr-433	877	38	table	table	NOUN
ftr-433	877	39	10	10	NUM
ftr-433	877	40	)	)	PUNCT
ftr-433	877	41	.	.	PUNCT
ftr-433	878	1	these	these	DET
ftr-433	878	2	results	result	NOUN
ftr-433	878	3	stem	stem	VERB
ftr-433	878	4	from	from	ADP
ftr-433	878	5	the	the	DET
ftr-433	878	6	fact	fact	NOUN
ftr-433	878	7	that	that	SCONJ
ftr-433	878	8	economic	economic	ADJ
ftr-433	878	9	cost	cost	NOUN
ftr-433	878	10	recovery	recovery	NOUN
ftr-433	878	11	produces	produce	VERB
ftr-433	878	12	no	no	DET
ftr-433	878	13	loss	loss	NOUN
ftr-433	878	14	offset	offset	VERB
ftr-433	878	15	in	in	ADP
ftr-433	878	16	the	the	DET
ftr-433	878	17	year	year	NOUN
ftr-433	878	18	earnings	earning	NOUN
ftr-433	878	19	are	be	AUX
ftr-433	878	20	invested	invest	VERB
ftr-433	878	21	,	,	PUNCT
ftr-433	878	22	while	while	SCONJ
ftr-433	878	23	expensing	expense	VERB
ftr-433	878	24	produces	produce	VERB
ftr-433	878	25	a	a	DET
ftr-433	878	26	loss	loss	NOUN
ftr-433	878	27	offset	offset	VERB
ftr-433	878	28	equal	equal	ADJ
ftr-433	878	29	to	to	ADP
ftr-433	878	30	the	the	DET
ftr-433	878	31	entire	entire	ADJ
ftr-433	878	32	amount	amount	NOUN
ftr-433	878	33	invested	invest	VERB
ftr-433	878	34	.	.	PUNCT
ftr-433	879	1	the	the	DET
ftr-433	879	2	various	various	ADJ
ftr-433	879	3	accelerated	accelerate	VERB
ftr-433	879	4	cost	cost	NOUN
ftr-433	879	5	recovery	recovery	NOUN
ftr-433	879	6	methods	method	NOUN
ftr-433	879	7	create	create	VERB
ftr-433	879	8	amounts	amount	NOUN
ftr-433	879	9	of	of	ADP
ftr-433	879	10	capital	capital	NOUN
ftr-433	879	11	investment	investment	NOUN
ftr-433	879	12	that	that	PRON
ftr-433	879	13	fall	fall	VERB
ftr-433	879	14	in	in	ADP
ftr-433	879	15	between	between	ADP
ftr-433	879	16	the	the	DET
ftr-433	879	17	extremes	extreme	NOUN
ftr-433	879	18	of	of	ADP
ftr-433	879	19	economic	economic	ADJ
ftr-433	879	20	cost	cost	NOUN
ftr-433	879	21	recovery	recovery	NOUN
ftr-433	879	22	and	and	CCONJ
ftr-433	879	23	expensing	expensing	NOUN
ftr-433	879	24	.	.	PUNCT
ftr-433	880	1	thus	thus	ADV
ftr-433	880	2	,	,	PUNCT
ftr-433	880	3	there	there	PRON
ftr-433	880	4	is	be	VERB
ftr-433	880	5	an	an	DET
ftr-433	880	6	inverse	inverse	NOUN
ftr-433	880	7	relationship	relationship	NOUN
ftr-433	880	8	between	between	ADP
ftr-433	880	9	loss	loss	NOUN
ftr-433	880	10	offset	offset	NOUN
ftr-433	880	11	and	and	CCONJ
ftr-433	880	12	capital	capital	NOUN
ftr-433	880	13	generation	generation	NOUN
ftr-433	880	14	:	:	PUNCT
ftr-433	880	15	the	the	PRON
ftr-433	880	16	greater	great	ADJ
ftr-433	880	17	the	the	DET
ftr-433	880	18	loss	loss	NOUN
ftr-433	880	19	offset	offset	VERB
ftr-433	880	20	a	a	DET
ftr-433	880	21	cost	cost	NOUN
ftr-433	880	22	recovery	recovery	NOUN
ftr-433	880	23	method	method	NOUN
ftr-433	880	24	produces	produce	VERB
ftr-433	880	25	the	the	DET
ftr-433	880	26	less	less	ADJ
ftr-433	880	27	capital	capital	NOUN
ftr-433	880	28	that	that	PRON
ftr-433	880	29	cost	cost	VERB
ftr-433	880	30	recovery	recovery	NOUN
ftr-433	880	31	method	method	NOUN
ftr-433	880	32	allows	allow	VERB
ftr-433	880	33	to	to	PART
ftr-433	880	34	be	be	AUX
ftr-433	880	35	invested	invest	VERB
ftr-433	880	36	in	in	ADP
ftr-433	880	37	an	an	DET
ftr-433	880	38	asset	asset	NOUN
ftr-433	880	39	of	of	ADP
ftr-433	880	40	a	a	DET
ftr-433	880	41	given	give	VERB
ftr-433	880	42	cost	cost	NOUN
ftr-433	880	43	.	.	PUNCT
ftr-433	881	1	b.	b.	PROPN
ftr-433	881	2	cost	cost	NOUN
ftr-433	881	3	recovery	recovery	NOUN
ftr-433	881	4	methods	method	NOUN
ftr-433	881	5	and	and	CCONJ
ftr-433	881	6	the	the	DET
ftr-433	881	7	maximum	maximum	ADJ
ftr-433	881	8	capital	capital	NOUN
ftr-433	881	9	investment	investment	NOUN
ftr-433	881	10	from	from	ADP
ftr-433	881	11	earnings	earning	NOUN
ftr-433	881	12	in	in	ADP
ftr-433	881	13	a	a	DET
ftr-433	881	14	rbit	rbit	NOUN
ftr-433	881	15	base	base	NOUN
ftr-433	881	16	in	in	ADP
ftr-433	881	17	order	order	NOUN
ftr-433	881	18	to	to	PART
ftr-433	881	19	comparatively	comparatively	ADV
ftr-433	881	20	analyze	analyze	VERB
ftr-433	881	21	capital	capital	NOUN
ftr-433	881	22	cost	cost	NOUN
ftr-433	881	23	recovery	recovery	NOUN
ftr-433	881	24	methods	method	NOUN
ftr-433	881	25	as	as	ADP
ftr-433	881	26	such	such	ADJ
ftr-433	881	27	relative	relative	NOUN
ftr-433	881	28	to	to	ADP
ftr-433	881	29	the	the	DET
ftr-433	881	30	two	two	NUM
ftr-433	881	31	criteria	criterion	NOUN
ftr-433	881	32	for	for	ADP
ftr-433	881	33	a	a	DET
ftr-433	881	34	normative	normative	ADJ
ftr-433	881	35	rbit	rbit	NOUN
ftr-433	881	36	capital	capital	NOUN
ftr-433	881	37	cost	cost	NOUN
ftr-433	881	38	recovery	recovery	NOUN
ftr-433	881	39	method	method	NOUN
ftr-433	881	40	described	describe	VERB
ftr-433	881	41	above	above	ADV
ftr-433	882	1	,	,	PUNCT
ftr-433	882	2	the	the	DET
ftr-433	882	3	analysis	analysis	NOUN
ftr-433	882	4	must	must	AUX
ftr-433	882	5	be	be	AUX
ftr-433	882	6	restricted	restrict	VERB
ftr-433	882	7	to	to	ADP
ftr-433	882	8	situations	situation	NOUN
ftr-433	882	9	where	where	SCONJ
ftr-433	882	10	only	only	ADJ
ftr-433	882	11	capital	capital	NOUN
ftr-433	882	12	is	be	AUX
ftr-433	882	13	invested	invest	VERB
ftr-433	882	14	,	,	PUNCT
ftr-433	882	15	regardless	regardless	ADV
ftr-433	882	16	of	of	ADP
ftr-433	882	17	the	the	DET
ftr-433	882	18	cost	cost	NOUN
ftr-433	882	19	recovery	recovery	NOUN
ftr-433	882	20	method	method	NOUN
ftr-433	882	21	employed	employ	VERB
ftr-433	882	22	.	.	PUNCT
ftr-433	883	1	as	as	SCONJ
ftr-433	883	2	table	table	NOUN
ftr-433	883	3	10126	10126	NUM
ftr-433	883	4	showed	show	VERB
ftr-433	883	5	,	,	PUNCT
ftr-433	883	6	expensing	expense	VERB
ftr-433	883	7	as	as	ADP
ftr-433	883	8	a	a	DET
ftr-433	883	9	cost	cost	NOUN
ftr-433	883	10	recovery	recovery	NOUN
ftr-433	883	11	method	method	NOUN
ftr-433	883	12	produces	produce	VERB
ftr-433	883	13	the	the	DET
ftr-433	883	14	least	least	ADJ
ftr-433	883	15	relative	relative	ADJ
ftr-433	883	16	amount	amount	NOUN
ftr-433	883	17	of	of	ADP
ftr-433	883	18	capital	capital	NOUN
ftr-433	883	19	in	in	ADP
ftr-433	883	20	the	the	DET
ftr-433	883	21	year	year	NOUN
ftr-433	883	22	of	of	ADP
ftr-433	883	23	investment	investment	NOUN
ftr-433	883	24	among	among	ADP
ftr-433	883	25	all	all	DET
ftr-433	883	26	cost	cost	NOUN
ftr-433	883	27	recovery	recovery	NOUN
ftr-433	883	28	methods	method	NOUN
ftr-433	883	29	.	.	PUNCT
ftr-433	884	1	therefore	therefore	ADV
ftr-433	884	2	,	,	PUNCT
ftr-433	884	3	2002	2002	NUM
ftr-433	884	4	]	]	X
ftr-433	884	5	normative	normative	ADJ
ftr-433	884	6	capital	capital	NOUN
ftr-433	884	7	cost	cost	NOUN
ftr-433	884	8	recovery	recovery	NOUN
ftr-433	884	9	507	507	NUM
ftr-433	884	10	127	127	NUM
ftr-433	884	11	.	.	PUNCT
ftr-433	885	1	earnings	earning	NOUN
ftr-433	885	2	equal	equal	ADJ
ftr-433	885	3	$	$	SYM
ftr-433	885	4	200	200	NUM
ftr-433	885	5	in	in	ADP
ftr-433	885	6	every	every	DET
ftr-433	885	7	case	case	NOUN
ftr-433	885	8	,	,	PUNCT
ftr-433	885	9	and	and	CCONJ
ftr-433	885	10	taxable	taxable	ADJ
ftr-433	885	11	income	income	NOUN
ftr-433	885	12	equals	equal	VERB
ftr-433	885	13	earnings	earning	NOUN
ftr-433	885	14	minus	minus	ADP
ftr-433	885	15	the	the	DET
ftr-433	885	16	loss	loss	NOUN
ftr-433	885	17	offset	offset	NOUN
ftr-433	885	18	.	.	PUNCT
ftr-433	886	1	cost	cost	NOUN
ftr-433	886	2	recovery	recovery	NOUN
ftr-433	886	3	deductions	deduction	NOUN
ftr-433	886	4	must	must	AUX
ftr-433	886	5	exceed	exceed	VERB
ftr-433	886	6	any	any	DET
ftr-433	886	7	income	income	NOUN
ftr-433	886	8	produced	produce	VERB
ftr-433	886	9	by	by	ADP
ftr-433	886	10	the	the	DET
ftr-433	886	11	asset	asset	NOUN
ftr-433	886	12	in	in	ADP
ftr-433	886	13	the	the	DET
ftr-433	886	14	year	year	NOUN
ftr-433	886	15	of	of	ADP
ftr-433	886	16	investment	investment	NOUN
ftr-433	886	17	in	in	ADP
ftr-433	886	18	order	order	NOUN
ftr-433	886	19	to	to	PART
ftr-433	886	20	produce	produce	VERB
ftr-433	886	21	a	a	DET
ftr-433	886	22	loss	loss	NOUN
ftr-433	886	23	offset	offset	NOUN
ftr-433	886	24	.	.	PUNCT
ftr-433	887	1	see	see	VERB
ftr-433	887	2	supra	supra	ADJ
ftr-433	887	3	table	table	NOUN
ftr-433	887	4	10	10	NUM
ftr-433	887	5	.	.	PUNCT
ftr-433	888	1	128	128	NUM
ftr-433	888	2	.	.	PUNCT
ftr-433	889	1	it	it	PRON
ftr-433	889	2	appears	appear	VERB
ftr-433	889	3	to	to	PART
ftr-433	889	4	be	be	AUX
ftr-433	889	5	rbit	rbit	ADJ
ftr-433	889	6	taxation	taxation	NOUN
ftr-433	889	7	to	to	ADP
ftr-433	889	8	the	the	DET
ftr-433	889	9	extent	extent	NOUN
ftr-433	889	10	of	of	ADP
ftr-433	889	11	the	the	DET
ftr-433	889	12	$	$	SYM
ftr-433	889	13	50	50	NUM
ftr-433	889	14	of	of	ADP
ftr-433	889	15	capital	capital	NOUN
ftr-433	889	16	invested	invest	VERB
ftr-433	889	17	and	and	CCONJ
ftr-433	889	18	recovered	recover	VERB
ftr-433	889	19	tax	tax	NOUN
ftr-433	889	20	-	-	PUNCT
ftr-433	889	21	free	free	ADJ
ftr-433	889	22	,	,	PUNCT
ftr-433	889	23	and	and	CCONJ
ftr-433	889	24	cfit	cfit	VERB
ftr-433	889	25	taxation	taxation	NOUN
ftr-433	889	26	to	to	ADP
ftr-433	889	27	the	the	DET
ftr-433	889	28	extent	extent	NOUN
ftr-433	889	29	of	of	ADP
ftr-433	889	30	the	the	DET
ftr-433	889	31	$	$	SYM
ftr-433	889	32	50	50	NUM
ftr-433	889	33	balance	balance	NOUN
ftr-433	889	34	of	of	ADP
ftr-433	889	35	untaxed	untaxed	ADJ
ftr-433	889	36	earnings	earning	NOUN
ftr-433	889	37	created	create	VERB
ftr-433	889	38	by	by	ADP
ftr-433	889	39	the	the	DET
ftr-433	889	40	expensing	expense	VERB
ftr-433	889	41	deduction	deduction	NOUN
ftr-433	889	42	and	and	CCONJ
ftr-433	889	43	loss	loss	NOUN
ftr-433	889	44	offset	offset	NOUN
ftr-433	889	45	.	.	PUNCT
ftr-433	890	1	most	most	ADJ
ftr-433	890	2	commentators	commentator	NOUN
ftr-433	890	3	to	to	ADP
ftr-433	890	4	date	date	NOUN
ftr-433	890	5	have	have	AUX
ftr-433	890	6	assumed	assume	VERB
ftr-433	890	7	that	that	SCONJ
ftr-433	890	8	expensing	expense	VERB
ftr-433	890	9	deductions	deduction	NOUN
ftr-433	890	10	offset	offset	VERB
ftr-433	890	11	untaxed	untaxed	ADJ
ftr-433	890	12	earnings	earning	NOUN
ftr-433	890	13	exclusively	exclusively	ADV
ftr-433	890	14	when	when	SCONJ
ftr-433	890	15	the	the	DET
ftr-433	890	16	comparative	comparative	ADJ
ftr-433	890	17	analysis	analysis	NOUN
ftr-433	890	18	of	of	ADP
ftr-433	890	19	capital	capital	NOUN
ftr-433	890	20	cost	cost	NOUN
ftr-433	890	21	recovery	recovery	NOUN
ftr-433	890	22	methods	method	NOUN
ftr-433	890	23	in	in	ADP
ftr-433	890	24	parts	part	NOUN
ftr-433	890	25	v	v	NOUN
ftr-433	890	26	and	and	CCONJ
ftr-433	890	27	vi	vi	PROPN
ftr-433	890	28	should	should	AUX
ftr-433	890	29	be	be	AUX
ftr-433	890	30	restricted	restrict	VERB
ftr-433	890	31	to	to	ADP
ftr-433	890	32	investments	investment	NOUN
ftr-433	890	33	of	of	ADP
ftr-433	890	34	that	that	DET
ftr-433	890	35	relative	relative	ADJ
ftr-433	890	36	amount	amount	NOUN
ftr-433	890	37	,	,	PUNCT
ftr-433	890	38	regardless	regardless	ADV
ftr-433	890	39	of	of	ADP
ftr-433	890	40	the	the	DET
ftr-433	890	41	cost	cost	NOUN
ftr-433	890	42	recovery	recovery	NOUN
ftr-433	890	43	method	method	NOUN
ftr-433	890	44	employed	employ	VERB
ftr-433	890	45	.	.	PUNCT
ftr-433	891	1	that	that	DET
ftr-433	891	2	amount	amount	NOUN
ftr-433	891	3	can	can	AUX
ftr-433	891	4	be	be	AUX
ftr-433	891	5	expressed	express	VERB
ftr-433	891	6	both	both	CCONJ
ftr-433	891	7	as	as	ADP
ftr-433	891	8	a	a	DET
ftr-433	891	9	nominal	nominal	ADJ
ftr-433	891	10	amount	amount	NOUN
ftr-433	891	11	and	and	CCONJ
ftr-433	891	12	as	as	ADP
ftr-433	891	13	a	a	DET
ftr-433	891	14	percentage	percentage	NOUN
ftr-433	891	15	relative	relative	ADJ
ftr-433	891	16	to	to	ADP
ftr-433	891	17	earnings	earning	NOUN
ftr-433	891	18	.	.	PUNCT
ftr-433	892	1	in	in	ADP
ftr-433	892	2	reviewing	review	VERB
ftr-433	892	3	the	the	DET
ftr-433	892	4	dynamics	dynamic	NOUN
ftr-433	892	5	of	of	ADP
ftr-433	892	6	table	table	NOUN
ftr-433	892	7	10	10	NUM
ftr-433	892	8	,	,	PUNCT
ftr-433	892	9	we	we	PRON
ftr-433	892	10	can	can	AUX
ftr-433	892	11	see	see	VERB
ftr-433	892	12	that	that	SCONJ
ftr-433	892	13	each	each	DET
ftr-433	892	14	cost	cost	NOUN
ftr-433	892	15	recovery	recovery	NOUN
ftr-433	892	16	method	method	NOUN
ftr-433	892	17	produces	produce	VERB
ftr-433	892	18	capital	capital	NOUN
ftr-433	892	19	(	(	PUNCT
ftr-433	892	20	after	after	ADP
ftr-433	892	21	-	-	PUNCT
ftr-433	892	22	tax	tax	NOUN
ftr-433	892	23	investment	investment	NOUN
ftr-433	892	24	)	)	PUNCT
ftr-433	892	25	from	from	ADP
ftr-433	892	26	earnings	earning	NOUN
ftr-433	892	27	according	accord	VERB
ftr-433	892	28	to	to	ADP
ftr-433	892	29	the	the	DET
ftr-433	892	30	following	follow	VERB
ftr-433	892	31	formula	formula	NOUN
ftr-433	892	32	:	:	PUNCT
ftr-433	892	33	formula	formula	NOUN
ftr-433	892	34	2	2	NUM
ftr-433	892	35	:	:	PUNCT
ftr-433	892	36	capital	capital	NOUN
ftr-433	892	37	=	=	SYM
ftr-433	892	38	(	(	PUNCT
ftr-433	892	39	earnings	earning	NOUN
ftr-433	892	40	–	–	PUNCT
ftr-433	892	41	loss	loss	NOUN
ftr-433	892	42	offset	offset	NOUN
ftr-433	892	43	)	)	PUNCT
ftr-433	892	44	x	x	X
ftr-433	892	45	(	(	PUNCT
ftr-433	892	46	1	1	NUM
ftr-433	892	47	–	–	PUNCT
ftr-433	892	48	t	t	NOUN
ftr-433	892	49	)	)	PUNCT
ftr-433	892	50	where	where	SCONJ
ftr-433	892	51	t	t	PROPN
ftr-433	892	52	equals	equal	VERB
ftr-433	892	53	the	the	DET
ftr-433	892	54	tax	tax	NOUN
ftr-433	892	55	rate	rate	NOUN
ftr-433	892	56	.	.	PUNCT
ftr-433	893	1	practically	practically	ADV
ftr-433	893	2	speaking	speak	VERB
ftr-433	893	3	,	,	PUNCT
ftr-433	893	4	capital	capital	NOUN
ftr-433	893	5	in	in	ADP
ftr-433	893	6	this	this	DET
ftr-433	893	7	context	context	NOUN
ftr-433	893	8	consists	consist	VERB
ftr-433	893	9	of	of	ADP
ftr-433	893	10	after	after	ADP
ftr-433	893	11	-	-	PUNCT
ftr-433	893	12	tax	tax	NOUN
ftr-433	893	13	dollars	dollar	NOUN
ftr-433	893	14	–	–	PUNCT
ftr-433	893	15	the	the	DET
ftr-433	893	16	amount	amount	NOUN
ftr-433	893	17	remaining	remain	VERB
ftr-433	893	18	after	after	ADP
ftr-433	893	19	tax	tax	NOUN
ftr-433	893	20	has	have	AUX
ftr-433	893	21	been	be	AUX
ftr-433	893	22	paid	pay	VERB
ftr-433	893	23	on	on	ADP
ftr-433	893	24	taxable	taxable	ADJ
ftr-433	893	25	income	income	NOUN
ftr-433	893	26	.	.	PUNCT
ftr-433	894	1	where	where	SCONJ
ftr-433	894	2	a	a	DET
ftr-433	894	3	cost	cost	NOUN
ftr-433	894	4	recovery	recovery	NOUN
ftr-433	894	5	method	method	NOUN
ftr-433	894	6	creates	create	VERB
ftr-433	894	7	a	a	DET
ftr-433	894	8	loss	loss	NOUN
ftr-433	894	9	offset	offset	VERB
ftr-433	894	10	against	against	ADP
ftr-433	894	11	earnings127	earnings127	PROPN
ftr-433	894	12	in	in	ADP
ftr-433	894	13	the	the	DET
ftr-433	894	14	year	year	NOUN
ftr-433	894	15	of	of	ADP
ftr-433	894	16	investment	investment	NOUN
ftr-433	894	17	,	,	PUNCT
ftr-433	894	18	the	the	DET
ftr-433	894	19	amounts	amount	NOUN
ftr-433	894	20	of	of	ADP
ftr-433	894	21	both	both	CCONJ
ftr-433	894	22	taxable	taxable	ADJ
ftr-433	894	23	income	income	NOUN
ftr-433	894	24	and	and	CCONJ
ftr-433	894	25	capital	capital	NOUN
ftr-433	894	26	are	be	AUX
ftr-433	894	27	reduced	reduce	VERB
ftr-433	894	28	by	by	ADP
ftr-433	894	29	the	the	DET
ftr-433	894	30	loss	loss	NOUN
ftr-433	894	31	offset	offset	NOUN
ftr-433	894	32	.	.	PUNCT
ftr-433	895	1	economic	economic	ADJ
ftr-433	895	2	cost	cost	NOUN
ftr-433	895	3	recovery	recovery	NOUN
ftr-433	895	4	produces	produce	VERB
ftr-433	895	5	no	no	DET
ftr-433	895	6	loss	loss	NOUN
ftr-433	895	7	offset	offset	NOUN
ftr-433	895	8	and	and	CCONJ
ftr-433	895	9	therefore	therefore	ADV
ftr-433	895	10	no	no	DET
ftr-433	895	11	reduction	reduction	NOUN
ftr-433	895	12	in	in	ADP
ftr-433	895	13	the	the	DET
ftr-433	895	14	capital	capital	NOUN
ftr-433	895	15	produced	produce	VERB
ftr-433	895	16	from	from	ADP
ftr-433	895	17	earnings	earning	NOUN
ftr-433	895	18	per	per	ADP
ftr-433	895	19	se	se	X
ftr-433	895	20	.	.	PUNCT
ftr-433	896	1	under	under	ADP
ftr-433	896	2	economic	economic	ADJ
ftr-433	896	3	cost	cost	NOUN
ftr-433	896	4	recovery	recovery	NOUN
ftr-433	896	5	in	in	ADP
ftr-433	896	6	table	table	NOUN
ftr-433	896	7	10	10	NUM
ftr-433	896	8	,	,	PUNCT
ftr-433	896	9	capital	capital	NOUN
ftr-433	896	10	equals	equal	VERB
ftr-433	896	11	(	(	PUNCT
ftr-433	896	12	$	$	SYM
ftr-433	896	13	200	200	NUM
ftr-433	896	14	earnings	earning	NOUN
ftr-433	896	15	$	$	SYM
ftr-433	896	16	0	0	NUM
ftr-433	896	17	loss	loss	NOUN
ftr-433	896	18	offset	offset	NOUN
ftr-433	896	19	)	)	PUNCT
ftr-433	896	20	x	x	X
ftr-433	896	21	(	(	PUNCT
ftr-433	896	22	1	1	NUM
ftr-433	896	23	–	–	PUNCT
ftr-433	896	24	t	t	NOUN
ftr-433	896	25	)	)	PUNCT
ftr-433	896	26	,	,	PUNCT
ftr-433	896	27	or	or	CCONJ
ftr-433	896	28	$	$	SYM
ftr-433	896	29	100	100	NUM
ftr-433	896	30	.	.	PUNCT
ftr-433	897	1	as	as	SCONJ
ftr-433	897	2	cost	cost	NOUN
ftr-433	897	3	recovery	recovery	NOUN
ftr-433	897	4	methods	method	NOUN
ftr-433	897	5	become	become	AUX
ftr-433	897	6	accelerated	accelerate	VERB
ftr-433	897	7	,	,	PUNCT
ftr-433	897	8	however	however	ADV
ftr-433	897	9	,	,	PUNCT
ftr-433	897	10	and	and	CCONJ
ftr-433	897	11	cost	cost	NOUN
ftr-433	897	12	recovery	recovery	NOUN
ftr-433	897	13	deductions	deduction	NOUN
ftr-433	897	14	begin	begin	VERB
ftr-433	897	15	to	to	PART
ftr-433	897	16	offset	offset	VERB
ftr-433	897	17	earnings	earning	NOUN
ftr-433	897	18	in	in	ADP
ftr-433	897	19	the	the	DET
ftr-433	897	20	year	year	NOUN
ftr-433	897	21	of	of	ADP
ftr-433	897	22	investment	investment	NOUN
ftr-433	897	23	or	or	CCONJ
ftr-433	897	24	thereafter	thereafter	ADV
ftr-433	897	25	,	,	PUNCT
ftr-433	897	26	taxable	taxable	ADJ
ftr-433	897	27	income	income	NOUN
ftr-433	897	28	is	be	AUX
ftr-433	897	29	reduced	reduce	VERB
ftr-433	897	30	along	along	ADP
ftr-433	897	31	with	with	ADP
ftr-433	897	32	after	after	ADP
ftr-433	897	33	-	-	PUNCT
ftr-433	897	34	tax	tax	NOUN
ftr-433	897	35	capital	capital	NOUN
ftr-433	897	36	.	.	PUNCT
ftr-433	898	1	in	in	ADP
ftr-433	898	2	the	the	DET
ftr-433	898	3	extreme	extreme	ADJ
ftr-433	898	4	case	case	NOUN
ftr-433	898	5	,	,	PUNCT
ftr-433	898	6	expensing	expensing	NOUN
ftr-433	898	7	produces	produce	VERB
ftr-433	898	8	capital	capital	NOUN
ftr-433	898	9	from	from	ADP
ftr-433	898	10	earnings	earning	NOUN
ftr-433	898	11	according	accord	VERB
ftr-433	898	12	to	to	ADP
ftr-433	898	13	the	the	DET
ftr-433	898	14	following	follow	VERB
ftr-433	898	15	formula	formula	NOUN
ftr-433	898	16	,	,	PUNCT
ftr-433	898	17	which	which	PRON
ftr-433	898	18	is	be	AUX
ftr-433	898	19	a	a	DET
ftr-433	898	20	variation	variation	NOUN
ftr-433	898	21	of	of	ADP
ftr-433	898	22	formula	formula	NOUN
ftr-433	898	23	2	2	NUM
ftr-433	898	24	:	:	PUNCT
ftr-433	898	25	formula	formula	NOUN
ftr-433	898	26	3	3	NUM
ftr-433	898	27	:	:	PUNCT
ftr-433	898	28	capital	capital	NOUN
ftr-433	898	29	=	=	SYM
ftr-433	898	30	(	(	PUNCT
ftr-433	898	31	earnings	earning	NOUN
ftr-433	898	32	–	–	PUNCT
ftr-433	898	33	investment	investment	NOUN
ftr-433	898	34	)	)	PUNCT
ftr-433	898	35	x	x	X
ftr-433	899	1	(	(	PUNCT
ftr-433	899	2	1	1	NUM
ftr-433	899	3	–	–	PUNCT
ftr-433	899	4	t	t	NOUN
ftr-433	899	5	)	)	PUNCT
ftr-433	899	6	as	as	SCONJ
ftr-433	899	7	table	table	NOUN
ftr-433	899	8	10	10	NUM
ftr-433	899	9	showed	show	VERB
ftr-433	899	10	,	,	PUNCT
ftr-433	899	11	the	the	DET
ftr-433	899	12	loss	loss	NOUN
ftr-433	899	13	offset	offset	NOUN
ftr-433	899	14	amount	amount	NOUN
ftr-433	899	15	for	for	ADP
ftr-433	899	16	expensing	expensing	NOUN
ftr-433	899	17	is	be	AUX
ftr-433	899	18	the	the	DET
ftr-433	899	19	entire	entire	ADJ
ftr-433	899	20	amount	amount	NOUN
ftr-433	899	21	invested	invest	VERB
ftr-433	899	22	,	,	PUNCT
ftr-433	899	23	so	so	CCONJ
ftr-433	899	24	the	the	DET
ftr-433	899	25	term	term	NOUN
ftr-433	899	26	investment	investment	NOUN
ftr-433	899	27	in	in	ADP
ftr-433	899	28	formula	formula	NOUN
ftr-433	899	29	3	3	NUM
ftr-433	899	30	can	can	AUX
ftr-433	899	31	be	be	AUX
ftr-433	899	32	substituted	substitute	VERB
ftr-433	899	33	for	for	ADP
ftr-433	899	34	the	the	DET
ftr-433	899	35	term	term	NOUN
ftr-433	899	36	loss	loss	NOUN
ftr-433	899	37	offset	offset	VERB
ftr-433	899	38	in	in	ADP
ftr-433	899	39	formula	formula	NOUN
ftr-433	899	40	2	2	NUM
ftr-433	899	41	.	.	PUNCT
ftr-433	900	1	for	for	ADP
ftr-433	900	2	example	example	NOUN
ftr-433	900	3	,	,	PUNCT
ftr-433	900	4	in	in	ADP
ftr-433	900	5	table	table	NOUN
ftr-433	900	6	10	10	NUM
ftr-433	900	7	the	the	DET
ftr-433	900	8	after	after	ADP
ftr-433	900	9	-	-	PUNCT
ftr-433	900	10	tax	tax	NOUN
ftr-433	900	11	investment	investment	NOUN
ftr-433	900	12	in	in	ADP
ftr-433	900	13	the	the	DET
ftr-433	900	14	case	case	NOUN
ftr-433	900	15	of	of	ADP
ftr-433	900	16	the	the	DET
ftr-433	900	17	expensed	expense	VERB
ftr-433	900	18	investment	investment	NOUN
ftr-433	900	19	is	be	AUX
ftr-433	900	20	only	only	ADV
ftr-433	900	21	$	$	SYM
ftr-433	900	22	50	50	NUM
ftr-433	900	23	because	because	SCONJ
ftr-433	900	24	the	the	DET
ftr-433	900	25	entire	entire	ADJ
ftr-433	900	26	amount	amount	NOUN
ftr-433	900	27	invested	invest	VERB
ftr-433	900	28	(	(	PUNCT
ftr-433	900	29	$	$	SYM
ftr-433	900	30	100	100	NUM
ftr-433	900	31	)	)	PUNCT
ftr-433	900	32	is	be	AUX
ftr-433	900	33	allowed	allow	VERB
ftr-433	900	34	to	to	PART
ftr-433	900	35	offset	offset	VERB
ftr-433	900	36	otherwise	otherwise	ADV
ftr-433	900	37	taxable	taxable	ADJ
ftr-433	900	38	income	income	NOUN
ftr-433	900	39	.	.	PUNCT
ftr-433	901	1	since	since	SCONJ
ftr-433	901	2	expensing	expense	VERB
ftr-433	901	3	as	as	ADP
ftr-433	901	4	a	a	DET
ftr-433	901	5	cost	cost	NOUN
ftr-433	901	6	recovery	recovery	NOUN
ftr-433	901	7	method	method	NOUN
ftr-433	901	8	only	only	ADV
ftr-433	901	9	allows	allow	VERB
ftr-433	901	10	the	the	DET
ftr-433	901	11	production	production	NOUN
ftr-433	901	12	of	of	ADP
ftr-433	901	13	$	$	SYM
ftr-433	901	14	50	50	NUM
ftr-433	901	15	of	of	ADP
ftr-433	901	16	capital	capital	NOUN
ftr-433	901	17	after	after	ADP
ftr-433	901	18	tax	tax	NOUN
ftr-433	901	19	,	,	PUNCT
ftr-433	901	20	the	the	DET
ftr-433	901	21	amount	amount	NOUN
ftr-433	901	22	invested	invest	VERB
ftr-433	901	23	(	(	PUNCT
ftr-433	901	24	$	$	SYM
ftr-433	901	25	100	100	NUM
ftr-433	901	26	)	)	PUNCT
ftr-433	901	27	exceeds	exceed	VERB
ftr-433	901	28	the	the	DET
ftr-433	901	29	amount	amount	NOUN
ftr-433	901	30	of	of	ADP
ftr-433	901	31	after	after	ADP
ftr-433	901	32	-	-	PUNCT
ftr-433	901	33	tax	tax	NOUN
ftr-433	901	34	dollars	dollar	NOUN
ftr-433	901	35	generated	generate	VERB
ftr-433	901	36	and	and	CCONJ
ftr-433	901	37	the	the	DET
ftr-433	901	38	capital	capital	NOUN
ftr-433	901	39	available	available	ADJ
ftr-433	901	40	for	for	ADP
ftr-433	901	41	investment	investment	NOUN
ftr-433	901	42	from	from	ADP
ftr-433	901	43	earnings	earning	NOUN
ftr-433	901	44	.	.	PUNCT
ftr-433	902	1	thus	thus	ADV
ftr-433	902	2	,	,	PUNCT
ftr-433	902	3	the	the	DET
ftr-433	902	4	entire	entire	ADJ
ftr-433	902	5	investment	investment	NOUN
ftr-433	902	6	is	be	AUX
ftr-433	902	7	not	not	PART
ftr-433	902	8	financed	finance	VERB
ftr-433	902	9	by	by	ADP
ftr-433	902	10	after	after	ADP
ftr-433	902	11	-	-	PUNCT
ftr-433	902	12	tax	tax	NOUN
ftr-433	902	13	dollars	dollar	NOUN
ftr-433	902	14	,	,	PUNCT
ftr-433	902	15	or	or	CCONJ
ftr-433	902	16	capital	capital	NOUN
ftr-433	902	17	.	.	PUNCT
ftr-433	903	1	this	this	PRON
ftr-433	903	2	is	be	AUX
ftr-433	903	3	not	not	PART
ftr-433	903	4	normative	normative	ADJ
ftr-433	903	5	rbit	rbit	NOUN
ftr-433	903	6	base	base	NOUN
ftr-433	903	7	taxation	taxation	NOUN
ftr-433	903	8	.	.	PUNCT
ftr-433	904	1	it	it	PRON
ftr-433	904	2	is	be	AUX
ftr-433	904	3	part	part	NOUN
ftr-433	904	4	normative	normative	ADJ
ftr-433	904	5	rbit	rbit	NOUN
ftr-433	904	6	base	base	NOUN
ftr-433	904	7	taxation	taxation	NOUN
ftr-433	904	8	and	and	CCONJ
ftr-433	904	9	part	part	NOUN
ftr-433	904	10	normative	normative	ADJ
ftr-433	904	11	cfit	cfit	NOUN
ftr-433	904	12	base	base	NOUN
ftr-433	904	13	taxation.128	taxation.128	ADP
ftr-433	904	14	508	508	NUM
ftr-433	904	15	florida	florida	PROPN
ftr-433	904	16	tax	tax	NOUN
ftr-433	904	17	review	review	NOUN
ftr-433	904	18	[	[	X
ftr-433	904	19	vol	vol	NOUN
ftr-433	904	20	.	.	PUNCT
ftr-433	904	21	5:7	5:7	NUM
ftr-433	904	22	comparing	compare	VERB
ftr-433	904	23	economic	economic	ADJ
ftr-433	904	24	cost	cost	NOUN
ftr-433	904	25	recovery	recovery	NOUN
ftr-433	904	26	to	to	ADP
ftr-433	904	27	expensing	expense	VERB
ftr-433	904	28	or	or	CCONJ
ftr-433	904	29	in	in	ADP
ftr-433	904	30	commenting	comment	VERB
ftr-433	904	31	on	on	ADP
ftr-433	904	32	the	the	DET
ftr-433	904	33	effects	effect	NOUN
ftr-433	904	34	of	of	ADP
ftr-433	904	35	expensing	expense	VERB
ftr-433	904	36	in	in	ADP
ftr-433	904	37	a	a	DET
ftr-433	904	38	rbit	rbit	NOUN
ftr-433	904	39	base	base	NOUN
ftr-433	904	40	in	in	ADP
ftr-433	904	41	general	general	ADJ
ftr-433	904	42	.	.	PUNCT
ftr-433	905	1	see	see	VERB
ftr-433	905	2	johnson	johnson	PROPN
ftr-433	905	3	,	,	PUNCT
ftr-433	905	4	soft	soft	ADJ
ftr-433	905	5	money	money	NOUN
ftr-433	905	6	,	,	PUNCT
ftr-433	905	7	supra	supra	PROPN
ftr-433	905	8	note	note	NOUN
ftr-433	905	9	22	22	NUM
ftr-433	905	10	,	,	PUNCT
ftr-433	905	11	at	at	ADP
ftr-433	905	12	102427	102427	NUM
ftr-433	905	13	;	;	PUNCT
ftr-433	905	14	warren	warren	PROPN
ftr-433	905	15	,	,	PUNCT
ftr-433	905	16	arbitrage	arbitrage	NOUN
ftr-433	905	17	,	,	PUNCT
ftr-433	905	18	supra	supra	PROPN
ftr-433	905	19	note	note	NOUN
ftr-433	905	20	58	58	NUM
ftr-433	905	21	,	,	PUNCT
ftr-433	905	22	at	at	ADP
ftr-433	905	23	551	551	NUM
ftr-433	905	24	-	-	SYM
ftr-433	905	25	55	55	NUM
ftr-433	905	26	.	.	PUNCT
ftr-433	906	1	this	this	DET
ftr-433	906	2	assumption	assumption	NOUN
ftr-433	906	3	depends	depend	VERB
ftr-433	906	4	on	on	ADP
ftr-433	906	5	investing	invest	VERB
ftr-433	906	6	all	all	DET
ftr-433	906	7	pre	pre	ADJ
ftr-433	906	8	-	-	ADJ
ftr-433	906	9	tax	tax	ADJ
ftr-433	906	10	earnings	earning	NOUN
ftr-433	906	11	produced	produce	VERB
ftr-433	906	12	in	in	ADP
ftr-433	906	13	the	the	DET
ftr-433	906	14	year	year	NOUN
ftr-433	906	15	of	of	ADP
ftr-433	906	16	investment	investment	NOUN
ftr-433	906	17	.	.	PUNCT
ftr-433	907	1	preliminary	preliminary	ADJ
ftr-433	907	2	research	research	NOUN
ftr-433	907	3	suggests	suggest	VERB
ftr-433	907	4	that	that	SCONJ
ftr-433	907	5	u.s	u.s	PROPN
ftr-433	907	6	.	.	PROPN
ftr-433	907	7	equity	equity	NOUN
ftr-433	907	8	-	-	PUNCT
ftr-433	907	9	financed	finance	VERB
ftr-433	907	10	equipment	equipment	NOUN
ftr-433	907	11	purchases	purchase	NOUN
ftr-433	907	12	more	more	ADV
ftr-433	907	13	likely	likely	ADJ
ftr-433	907	14	than	than	SCONJ
ftr-433	907	15	not	not	PART
ftr-433	907	16	offset	offset	VERB
ftr-433	907	17	after	after	ADP
ftr-433	907	18	-	-	PUNCT
ftr-433	907	19	tax	tax	NOUN
ftr-433	907	20	capital	capital	NOUN
ftr-433	907	21	rather	rather	ADV
ftr-433	907	22	than	than	ADP
ftr-433	907	23	pre	pre	ADJ
ftr-433	907	24	-	-	ADJ
ftr-433	907	25	tax	tax	ADJ
ftr-433	907	26	earnings	earning	NOUN
ftr-433	907	27	.	.	PUNCT
ftr-433	908	1	see	see	VERB
ftr-433	908	2	infra	infra	NOUN
ftr-433	908	3	note	note	VERB
ftr-433	908	4	134	134	NUM
ftr-433	908	5	and	and	CCONJ
ftr-433	908	6	accompanying	accompany	VERB
ftr-433	908	7	text	text	NOUN
ftr-433	908	8	.	.	PUNCT
ftr-433	909	1	129	129	NUM
ftr-433	909	2	.	.	PUNCT
ftr-433	910	1	[	[	X
ftr-433	910	2	earnings	earning	NOUN
ftr-433	910	3	(	(	PUNCT
ftr-433	910	4	$	$	SYM
ftr-433	910	5	300	300	NUM
ftr-433	910	6	)	)	PUNCT
ftr-433	910	7	]	]	PUNCT
ftr-433	910	8	–	–	PUNCT
ftr-433	910	9	loss	loss	NOUN
ftr-433	910	10	offset	offset	NOUN
ftr-433	910	11	(	(	PUNCT
ftr-433	910	12	$	$	SYM
ftr-433	910	13	0	0	NUM
ftr-433	910	14	)	)	PUNCT
ftr-433	910	15	x	x	X
ftr-433	910	16	(	(	PUNCT
ftr-433	910	17	1	1	NUM
ftr-433	910	18	–	–	PUNCT
ftr-433	910	19	t	t	NOUN
ftr-433	910	20	)	)	PUNCT
ftr-433	910	21	=	=	PUNCT
ftr-433	910	22	$	$	SYM
ftr-433	910	23	300	300	NUM
ftr-433	910	24	x	x	SYM
ftr-433	910	25	.5	.5	NUM
ftr-433	910	26	=	=	SYM
ftr-433	910	27	$	$	SYM
ftr-433	910	28	150	150	NUM
ftr-433	910	29	.	.	PUNCT
ftr-433	911	1	economically	economically	ADV
ftr-433	911	2	,	,	PUNCT
ftr-433	911	3	the	the	DET
ftr-433	911	4	taxpayer	taxpayer	NOUN
ftr-433	911	5	allocates	allocate	VERB
ftr-433	911	6	$	$	SYM
ftr-433	911	7	150	150	NUM
ftr-433	911	8	of	of	ADP
ftr-433	911	9	the	the	DET
ftr-433	911	10	earnings	earning	NOUN
ftr-433	911	11	to	to	ADP
ftr-433	911	12	tax	tax	NOUN
ftr-433	911	13	and	and	CCONJ
ftr-433	911	14	$	$	SYM
ftr-433	911	15	150	150	NUM
ftr-433	911	16	to	to	PART
ftr-433	911	17	purchase	purchase	VERB
ftr-433	911	18	the	the	DET
ftr-433	911	19	asset	asset	NOUN
ftr-433	911	20	.	.	PUNCT
ftr-433	912	1	tax	tax	NOUN
ftr-433	912	2	free	free	ADJ
ftr-433	912	3	recovery	recovery	NOUN
ftr-433	912	4	of	of	ADP
ftr-433	912	5	the	the	DET
ftr-433	912	6	capital	capital	NOUN
ftr-433	912	7	invested	invest	VERB
ftr-433	912	8	in	in	ADP
ftr-433	912	9	the	the	DET
ftr-433	912	10	asset	asset	NOUN
ftr-433	912	11	takes	take	VERB
ftr-433	912	12	places	place	NOUN
ftr-433	912	13	entirely	entirely	ADV
ftr-433	912	14	during	during	ADP
ftr-433	912	15	the	the	DET
ftr-433	912	16	holding	hold	VERB
ftr-433	912	17	period	period	NOUN
ftr-433	912	18	of	of	ADP
ftr-433	912	19	the	the	DET
ftr-433	912	20	asset	asset	NOUN
ftr-433	912	21	through	through	ADP
ftr-433	912	22	economic	economic	ADJ
ftr-433	912	23	cost	cost	NOUN
ftr-433	912	24	recovery	recovery	NOUN
ftr-433	912	25	deductions	deduction	NOUN
ftr-433	912	26	.	.	PUNCT
ftr-433	913	1	130	130	NUM
ftr-433	913	2	.	.	PUNCT
ftr-433	914	1	[	[	X
ftr-433	914	2	earnings	earning	NOUN
ftr-433	914	3	(	(	PUNCT
ftr-433	914	4	$	$	SYM
ftr-433	914	5	300	300	NUM
ftr-433	914	6	)	)	PUNCT
ftr-433	914	7	]	]	PUNCT
ftr-433	914	8	–	–	PUNCT
ftr-433	914	9	loss	loss	NOUN
ftr-433	914	10	offset	offset	NOUN
ftr-433	914	11	(	(	PUNCT
ftr-433	914	12	$	$	SYM
ftr-433	914	13	100	100	NUM
ftr-433	914	14	)	)	PUNCT
ftr-433	914	15	x	x	X
ftr-433	914	16	(	(	PUNCT
ftr-433	914	17	1	1	NUM
ftr-433	914	18	–	–	PUNCT
ftr-433	914	19	t	t	NOUN
ftr-433	914	20	)	)	PUNCT
ftr-433	914	21	=	=	PUNCT
ftr-433	914	22	$	$	SYM
ftr-433	914	23	200	200	NUM
ftr-433	914	24	x	x	SYM
ftr-433	914	25	.5	.5	NUM
ftr-433	914	26	=	=	SYM
ftr-433	914	27	$	$	SYM
ftr-433	914	28	100	100	NUM
ftr-433	914	29	.	.	PUNCT
ftr-433	915	1	economically	economically	ADV
ftr-433	915	2	,	,	PUNCT
ftr-433	915	3	the	the	DET
ftr-433	915	4	taxpayer	taxpayer	NOUN
ftr-433	915	5	allocates	allocate	VERB
ftr-433	915	6	$	$	SYM
ftr-433	915	7	100	100	NUM
ftr-433	915	8	of	of	ADP
ftr-433	915	9	the	the	DET
ftr-433	915	10	earnings	earning	NOUN
ftr-433	915	11	to	to	ADP
ftr-433	915	12	tax	tax	NOUN
ftr-433	915	13	,	,	PUNCT
ftr-433	915	14	$	$	SYM
ftr-433	915	15	100	100	NUM
ftr-433	915	16	of	of	ADP
ftr-433	915	17	earnings	earning	NOUN
ftr-433	915	18	to	to	ADP
ftr-433	915	19	the	the	DET
ftr-433	915	20	investment	investment	NOUN
ftr-433	915	21	,	,	PUNCT
ftr-433	915	22	and	and	CCONJ
ftr-433	915	23	keeps	keep	VERB
ftr-433	915	24	$	$	SYM
ftr-433	915	25	100	100	NUM
ftr-433	915	26	as	as	ADP
ftr-433	915	27	an	an	DET
ftr-433	915	28	immediate	immediate	ADJ
ftr-433	915	29	return	return	NOUN
ftr-433	915	30	of	of	ADP
ftr-433	915	31	the	the	DET
ftr-433	915	32	capital	capital	NOUN
ftr-433	915	33	invested	invest	VERB
ftr-433	915	34	in	in	ADP
ftr-433	915	35	the	the	DET
ftr-433	915	36	expensed	expensed	ADJ
ftr-433	915	37	asset	asset	NOUN
ftr-433	915	38	.	.	PUNCT
ftr-433	916	1	in	in	ADP
ftr-433	916	2	order	order	NOUN
ftr-433	916	3	to	to	PART
ftr-433	916	4	determine	determine	VERB
ftr-433	916	5	the	the	DET
ftr-433	916	6	maximum	maximum	ADJ
ftr-433	916	7	amount	amount	NOUN
ftr-433	916	8	of	of	ADP
ftr-433	916	9	after	after	ADP
ftr-433	916	10	-	-	PUNCT
ftr-433	916	11	tax	tax	NOUN
ftr-433	916	12	dollar	dollar	NOUN
ftr-433	916	13	investment	investment	NOUN
ftr-433	916	14	that	that	SCONJ
ftr-433	916	15	expensing	expense	VERB
ftr-433	916	16	allows	allow	VERB
ftr-433	916	17	to	to	PART
ftr-433	916	18	be	be	AUX
ftr-433	916	19	produced	produce	VERB
ftr-433	916	20	from	from	ADP
ftr-433	916	21	a	a	DET
ftr-433	916	22	given	give	VERB
ftr-433	916	23	amount	amount	NOUN
ftr-433	916	24	of	of	ADP
ftr-433	916	25	earnings	earning	NOUN
ftr-433	916	26	at	at	ADP
ftr-433	916	27	a	a	DET
ftr-433	916	28	given	give	VERB
ftr-433	916	29	tax	tax	NOUN
ftr-433	916	30	rate	rate	NOUN
ftr-433	916	31	,	,	PUNCT
ftr-433	916	32	we	we	PRON
ftr-433	916	33	must	must	AUX
ftr-433	916	34	set	set	VERB
ftr-433	916	35	up	up	ADP
ftr-433	916	36	and	and	CCONJ
ftr-433	916	37	solve	solve	VERB
ftr-433	916	38	the	the	DET
ftr-433	916	39	following	follow	VERB
ftr-433	916	40	equation	equation	NOUN
ftr-433	916	41	for	for	ADP
ftr-433	916	42	maxmaximum	maxmaximum	NOUN
ftr-433	916	43	investment	investment	NOUN
ftr-433	916	44	(	(	PUNCT
ftr-433	916	45	i	i	NOUN
ftr-433	916	46	)	)	PUNCT
ftr-433	916	47	.	.	PUNCT
ftr-433	917	1	maxformula	maxformula	NOUN
ftr-433	917	2	4	4	NUM
ftr-433	917	3	:	:	PUNCT
ftr-433	917	4	i	i	PRON
ftr-433	917	5	=	=	PUNCT
ftr-433	917	6	(	(	PUNCT
ftr-433	917	7	e	e	X
ftr-433	917	8	–	–	PUNCT
ftr-433	917	9	i	i	NOUN
ftr-433	917	10	)	)	PUNCT
ftr-433	917	11	(	(	PUNCT
ftr-433	917	12	1	1	NUM
ftr-433	917	13	–	–	PUNCT
ftr-433	917	14	t	t	NOUN
ftr-433	917	15	)	)	PUNCT
ftr-433	917	16	solution	solution	NOUN
ftr-433	917	17	:	:	PUNCT
ftr-433	917	18	maxi	maxi	ADJ
ftr-433	917	19	=	=	SYM
ftr-433	917	20	e	e	X
ftr-433	917	21	–	–	PUNCT
ftr-433	917	22	et	et	X
ftr-433	917	23	–	–	PUNCT
ftr-433	918	1	i	i	PRON
ftr-433	918	2	+	+	NUM
ftr-433	918	3	it	it	PRON
ftr-433	918	4	2i	2i	NUM
ftr-433	918	5	–	–	PUNCT
ftr-433	918	6	it	it	PRON
ftr-433	918	7	=	=	SYM
ftr-433	918	8	e	e	X
ftr-433	918	9	–	–	PUNCT
ftr-433	918	10	et	et	NOUN
ftr-433	918	11	i(2	i(2	PROPN
ftr-433	918	12	–	–	PUNCT
ftr-433	918	13	t)=	t)=	VERB
ftr-433	918	14	e(1	e(1	PROPN
ftr-433	918	15	–	–	PUNCT
ftr-433	918	16	t	t	PROPN
ftr-433	918	17	)	)	PUNCT
ftr-433	918	18	divide	divide	VERB
ftr-433	918	19	both	both	DET
ftr-433	918	20	sides	side	NOUN
ftr-433	918	21	by	by	ADP
ftr-433	918	22	2	2	NUM
ftr-433	918	23	-	-	PUNCT
ftr-433	918	24	t	t	NOUN
ftr-433	918	25	,	,	PUNCT
ftr-433	918	26	and	and	CCONJ
ftr-433	918	27	the	the	DET
ftr-433	918	28	result	result	NOUN
ftr-433	918	29	is	be	AUX
ftr-433	918	30	:	:	PUNCT
ftr-433	918	31	maxformula	maxformula	NOUN
ftr-433	918	32	5	5	NUM
ftr-433	918	33	:	:	PUNCT
ftr-433	918	34	i	i	PRON
ftr-433	918	35	=	=	SYM
ftr-433	918	36	e(1	e(1	X
ftr-433	918	37	–	–	PUNCT
ftr-433	918	38	t)/(2	t)/(2	X
ftr-433	918	39	–	–	PUNCT
ftr-433	918	40	t	t	X
ftr-433	918	41	)	)	PUNCT
ftr-433	918	42	maxfor	maxfor	VERB
ftr-433	918	43	example	example	NOUN
ftr-433	918	44	,	,	PUNCT
ftr-433	918	45	if	if	SCONJ
ftr-433	918	46	e	e	PRON
ftr-433	918	47	equals	equal	VERB
ftr-433	918	48	$	$	SYM
ftr-433	918	49	300	300	NUM
ftr-433	918	50	and	and	CCONJ
ftr-433	918	51	t	t	NOUN
ftr-433	918	52	=	=	SYM
ftr-433	918	53	50	50	NUM
ftr-433	918	54	%	%	NOUN
ftr-433	918	55	,	,	PUNCT
ftr-433	918	56	i	i	PRON
ftr-433	918	57	=	=	PUNCT
ftr-433	918	58	$	$	SYM
ftr-433	918	59	300(.5)/(2-.5	300(.5)/(2-.5	NUM
ftr-433	918	60	)	)	PUNCT
ftr-433	918	61	or	or	CCONJ
ftr-433	918	62	$	$	SYM
ftr-433	918	63	150/1.5	150/1.5	NUM
ftr-433	918	64	,	,	PUNCT
ftr-433	918	65	which	which	PRON
ftr-433	918	66	equals	equal	VERB
ftr-433	918	67	$	$	SYM
ftr-433	918	68	100	100	NUM
ftr-433	918	69	.	.	PUNCT
ftr-433	919	1	each	each	DET
ftr-433	919	2	cost	cost	NOUN
ftr-433	919	3	recovery	recovery	NOUN
ftr-433	919	4	method	method	NOUN
ftr-433	919	5	produces	produce	VERB
ftr-433	919	6	a	a	DET
ftr-433	919	7	unique	unique	ADJ
ftr-433	919	8	natural	natural	ADJ
ftr-433	919	9	capital	capital	NOUN
ftr-433	919	10	formation	formation	NOUN
ftr-433	919	11	threshold	threshold	NOUN
ftr-433	919	12	,	,	PUNCT
ftr-433	919	13	below	below	ADP
ftr-433	919	14	which	which	PRON
ftr-433	919	15	all	all	PRON
ftr-433	919	16	rbit	rbit	VERB
ftr-433	919	17	base	base	NOUN
ftr-433	919	18	investment	investment	NOUN
ftr-433	919	19	subject	subject	NOUN
ftr-433	919	20	to	to	ADP
ftr-433	919	21	that	that	DET
ftr-433	919	22	recovery	recovery	NOUN
ftr-433	919	23	method	method	NOUN
ftr-433	919	24	must	must	AUX
ftr-433	919	25	be	be	AUX
ftr-433	919	26	capital	capital	NOUN
ftr-433	919	27	investment	investment	NOUN
ftr-433	919	28	.	.	PUNCT
ftr-433	920	1	given	give	VERB
ftr-433	920	2	$	$	SYM
ftr-433	920	3	300	300	NUM
ftr-433	920	4	of	of	ADP
ftr-433	920	5	current	current	ADJ
ftr-433	920	6	earnings	earning	NOUN
ftr-433	920	7	,	,	PUNCT
ftr-433	920	8	for	for	ADP
ftr-433	920	9	example	example	NOUN
ftr-433	920	10	,	,	PUNCT
ftr-433	920	11	the	the	DET
ftr-433	920	12	maximum	maximum	ADJ
ftr-433	920	13	amount	amount	NOUN
ftr-433	920	14	of	of	ADP
ftr-433	920	15	after	after	ADP
ftr-433	920	16	-	-	PUNCT
ftr-433	920	17	tax	tax	NOUN
ftr-433	920	18	dollar	dollar	NOUN
ftr-433	920	19	investment	investment	NOUN
ftr-433	920	20	possible	possible	ADJ
ftr-433	920	21	in	in	ADP
ftr-433	920	22	an	an	DET
ftr-433	920	23	amit	amit	NOUN
ftr-433	920	24	base	base	NOUN
ftr-433	920	25	or	or	CCONJ
ftr-433	920	26	rbit	rbit	NOUN
ftr-433	920	27	base	base	NOUN
ftr-433	920	28	that	that	PRON
ftr-433	920	29	uses	use	VERB
ftr-433	920	30	economic	economic	ADJ
ftr-433	920	31	cost	cost	NOUN
ftr-433	920	32	recovery	recovery	NOUN
ftr-433	920	33	is	be	AUX
ftr-433	920	34	$	$	SYM
ftr-433	920	35	150	150	NUM
ftr-433	920	36	,	,	PUNCT
ftr-433	920	37	but	but	CCONJ
ftr-433	920	38	the	the	DET
ftr-433	920	39	maximum	maximum	ADJ
ftr-433	920	40	amount	amount	NOUN
ftr-433	920	41	of	of	ADP
ftr-433	920	42	after	after	ADP
ftr-433	920	43	-	-	PUNCT
ftr-433	920	44	tax	tax	NOUN
ftr-433	920	45	dollar	dollar	NOUN
ftr-433	920	46	investment	investment	NOUN
ftr-433	920	47	that	that	PRON
ftr-433	920	48	is	be	AUX
ftr-433	920	49	possible129	possible129	PROPN
ftr-433	920	50	in	in	ADP
ftr-433	920	51	a	a	DET
ftr-433	920	52	rbit	rbit	NOUN
ftr-433	920	53	that	that	PRON
ftr-433	920	54	uses	use	VERB
ftr-433	920	55	expensing	expensing	NOUN
ftr-433	920	56	is	be	AUX
ftr-433	920	57	only	only	ADV
ftr-433	920	58	$	$	SYM
ftr-433	920	59	100	100	NUM
ftr-433	920	60	.	.	PUNCT
ftr-433	921	1	because	because	SCONJ
ftr-433	921	2	expensing	expense	VERB
ftr-433	921	3	allows	allow	VERB
ftr-433	921	4	the130	the130	ADJ
ftr-433	921	5	maxformation	maxformation	NOUN
ftr-433	921	6	of	of	ADP
ftr-433	921	7	the	the	DET
ftr-433	921	8	least	least	ADJ
ftr-433	921	9	amount	amount	NOUN
ftr-433	921	10	of	of	ADP
ftr-433	921	11	capital	capital	NOUN
ftr-433	921	12	,	,	PUNCT
ftr-433	921	13	i	i	PRON
ftr-433	921	14	is	be	AUX
ftr-433	921	15	also	also	ADV
ftr-433	921	16	the	the	DET
ftr-433	921	17	maximum	maximum	ADJ
ftr-433	921	18	amount	amount	NOUN
ftr-433	921	19	of	of	ADP
ftr-433	921	20	capital	capital	NOUN
ftr-433	921	21	that	that	PRON
ftr-433	921	22	can	can	AUX
ftr-433	921	23	be	be	AUX
ftr-433	921	24	invested	invest	VERB
ftr-433	921	25	from	from	ADP
ftr-433	921	26	earnings	earning	NOUN
ftr-433	921	27	under	under	ADP
ftr-433	921	28	every	every	DET
ftr-433	921	29	cost	cost	NOUN
ftr-433	921	30	recovery	recovery	NOUN
ftr-433	921	31	method	method	NOUN
ftr-433	921	32	in	in	ADP
ftr-433	921	33	max	max	PROPN
ftr-433	921	34	maxa	maxa	NOUN
ftr-433	921	35	rbit	rbit	NOUN
ftr-433	921	36	.	.	PUNCT
ftr-433	922	1	in	in	ADP
ftr-433	922	2	other	other	ADJ
ftr-433	922	3	words	word	NOUN
ftr-433	922	4	,	,	PUNCT
ftr-433	922	5	i	i	PRON
ftr-433	922	6	equals	equal	VERB
ftr-433	922	7	capital	capital	NOUN
ftr-433	922	8	investment	investment	NOUN
ftr-433	922	9	,	,	PUNCT
ftr-433	922	10	the	the	DET
ftr-433	922	11	maximum	maximum	ADJ
ftr-433	922	12	amount	amount	NOUN
ftr-433	922	13	of	of	ADP
ftr-433	922	14	capital	capital	NOUN
ftr-433	922	15	that	that	PRON
ftr-433	922	16	can	can	AUX
ftr-433	922	17	be	be	AUX
ftr-433	922	18	invested	invest	VERB
ftr-433	922	19	from	from	ADP
ftr-433	922	20	earnings	earning	NOUN
ftr-433	922	21	in	in	ADP
ftr-433	922	22	a	a	DET
ftr-433	922	23	rbit	rbit	NOUN
ftr-433	922	24	regardless	regardless	ADV
ftr-433	922	25	of	of	ADP
ftr-433	922	26	the	the	DET
ftr-433	922	27	cost	cost	NOUN
ftr-433	922	28	recovery	recovery	NOUN
ftr-433	922	29	method	method	NOUN
ftr-433	922	30	employed	employ	VERB
ftr-433	922	31	.	.	PUNCT
ftr-433	923	1	all	all	PRON
ftr-433	923	2	of	of	ADP
ftr-433	923	3	the	the	DET
ftr-433	923	4	investments	investment	NOUN
ftr-433	923	5	analyzed	analyze	VERB
ftr-433	923	6	from	from	ADP
ftr-433	923	7	this	this	DET
ftr-433	923	8	point	point	NOUN
ftr-433	923	9	forward	forward	ADV
ftr-433	923	10	are	be	AUX
ftr-433	923	11	made	make	VERB
ftr-433	923	12	with	with	ADP
ftr-433	923	13	maxcapital	maxcapital	ADJ
ftr-433	923	14	investment	investment	NOUN
ftr-433	923	15	or	or	CCONJ
ftr-433	923	16	less	less	ADJ
ftr-433	923	17	.	.	PUNCT
ftr-433	924	1	this	this	DET
ftr-433	924	2	amount	amount	NOUN
ftr-433	924	3	represents	represent	VERB
ftr-433	924	4	the	the	DET
ftr-433	924	5	overall	overall	ADJ
ftr-433	924	6	natural	natural	ADJ
ftr-433	924	7	capital	capital	NOUN
ftr-433	924	8	2002	2002	NUM
ftr-433	924	9	]	]	PUNCT
ftr-433	924	10	normative	normative	ADJ
ftr-433	924	11	capital	capital	NOUN
ftr-433	924	12	cost	cost	NOUN
ftr-433	924	13	recovery	recovery	NOUN
ftr-433	924	14	509	509	NUM
ftr-433	924	15	131	131	NUM
ftr-433	924	16	.	.	PUNCT
ftr-433	925	1	neither	neither	PRON
ftr-433	925	2	analysis	analysis	NOUN
ftr-433	925	3	standing	stand	VERB
ftr-433	925	4	alone	alone	ADV
ftr-433	925	5	is	be	AUX
ftr-433	925	6	sufficient	sufficient	ADJ
ftr-433	925	7	to	to	PART
ftr-433	925	8	analyze	analyze	VERB
ftr-433	925	9	a	a	DET
ftr-433	925	10	rbit	rbit	NOUN
ftr-433	925	11	base	base	NOUN
ftr-433	925	12	universally	universally	ADV
ftr-433	925	13	.	.	PUNCT
ftr-433	926	1	this	this	DET
ftr-433	926	2	article	article	NOUN
ftr-433	926	3	focuses	focus	VERB
ftr-433	926	4	on	on	ADP
ftr-433	926	5	capital	capital	NOUN
ftr-433	926	6	cost	cost	NOUN
ftr-433	926	7	recovery	recovery	NOUN
ftr-433	926	8	in	in	ADP
ftr-433	926	9	a	a	DET
ftr-433	926	10	rbit	rbit	NOUN
ftr-433	926	11	base	base	NOUN
ftr-433	926	12	,	,	PUNCT
ftr-433	926	13	which	which	PRON
ftr-433	926	14	necessarily	necessarily	ADV
ftr-433	926	15	excludes	exclude	VERB
ftr-433	926	16	pre	pre	ADJ
ftr-433	926	17	-	-	ADJ
ftr-433	926	18	tax	tax	ADJ
ftr-433	926	19	investment	investment	NOUN
ftr-433	926	20	.	.	PUNCT
ftr-433	927	1	the	the	DET
ftr-433	927	2	traditional	traditional	ADJ
ftr-433	927	3	analysis	analysis	NOUN
ftr-433	927	4	makes	make	VERB
ftr-433	927	5	no	no	DET
ftr-433	927	6	distinction	distinction	NOUN
ftr-433	927	7	between	between	ADP
ftr-433	927	8	pre	pre	NOUN
ftr-433	927	9	-	-	NOUN
ftr-433	927	10	tax	tax	NOUN
ftr-433	927	11	and	and	CCONJ
ftr-433	927	12	after	after	ADP
ftr-433	927	13	-	-	PUNCT
ftr-433	927	14	tax	tax	NOUN
ftr-433	927	15	investment	investment	NOUN
ftr-433	927	16	in	in	ADP
ftr-433	927	17	a	a	DET
ftr-433	927	18	rbit	rbit	NOUN
ftr-433	927	19	base	base	NOUN
ftr-433	927	20	,	,	PUNCT
ftr-433	927	21	but	but	CCONJ
ftr-433	927	22	implicitly	implicitly	ADV
ftr-433	927	23	assumes	assume	VERB
ftr-433	927	24	that	that	SCONJ
ftr-433	927	25	all	all	DET
ftr-433	927	26	investment	investment	NOUN
ftr-433	927	27	is	be	AUX
ftr-433	927	28	(	(	PUNCT
ftr-433	927	29	or	or	CCONJ
ftr-433	927	30	can	can	AUX
ftr-433	927	31	be	be	AUX
ftr-433	927	32	)	)	PUNCT
ftr-433	927	33	pre	pre	ADJ
ftr-433	927	34	-	-	ADJ
ftr-433	927	35	tax	tax	ADJ
ftr-433	927	36	investment	investment	NOUN
ftr-433	927	37	.	.	PUNCT
ftr-433	928	1	when	when	SCONJ
ftr-433	928	2	a	a	DET
ftr-433	928	3	rbit	rbit	NOUN
ftr-433	928	4	base	base	NOUN
ftr-433	928	5	taxes	taxis	NOUN
ftr-433	928	6	earnings	earning	NOUN
ftr-433	928	7	in	in	ADP
ftr-433	928	8	a	a	DET
ftr-433	928	9	normative	normative	ADJ
ftr-433	928	10	fashion	fashion	NOUN
ftr-433	928	11	and	and	CCONJ
ftr-433	928	12	capital	capital	NOUN
ftr-433	928	13	cost	cost	NOUN
ftr-433	928	14	recovery	recovery	NOUN
ftr-433	928	15	is	be	AUX
ftr-433	928	16	examined	examine	VERB
ftr-433	928	17	under	under	ADP
ftr-433	928	18	circumstances	circumstance	NOUN
ftr-433	928	19	where	where	SCONJ
ftr-433	928	20	it	it	PRON
ftr-433	928	21	can	can	AUX
ftr-433	928	22	not	not	PART
ftr-433	928	23	limit	limit	VERB
ftr-433	928	24	the	the	DET
ftr-433	928	25	normative	normative	ADJ
ftr-433	928	26	operation	operation	NOUN
ftr-433	928	27	of	of	ADP
ftr-433	928	28	capital	capital	NOUN
ftr-433	928	29	formation	formation	NOUN
ftr-433	928	30	,	,	PUNCT
ftr-433	928	31	insights	insight	NOUN
ftr-433	928	32	into	into	ADP
ftr-433	928	33	the	the	DET
ftr-433	928	34	normative	normative	ADJ
ftr-433	928	35	capital	capital	NOUN
ftr-433	928	36	cost	cost	NOUN
ftr-433	928	37	recovery	recovery	NOUN
ftr-433	928	38	method	method	NOUN
ftr-433	928	39	for	for	ADP
ftr-433	928	40	a	a	DET
ftr-433	928	41	rbit	rbit	NOUN
ftr-433	928	42	base	base	NOUN
ftr-433	928	43	are	be	AUX
ftr-433	928	44	much	much	ADV
ftr-433	928	45	more	more	ADV
ftr-433	928	46	likely	likely	ADJ
ftr-433	928	47	to	to	PART
ftr-433	928	48	emerge	emerge	VERB
ftr-433	928	49	.	.	PUNCT
ftr-433	929	1	once	once	SCONJ
ftr-433	929	2	the	the	DET
ftr-433	929	3	normative	normative	ADJ
ftr-433	929	4	treatment	treatment	NOUN
ftr-433	929	5	of	of	ADP
ftr-433	929	6	capital	capital	NOUN
ftr-433	929	7	cost	cost	NOUN
ftr-433	929	8	recovery	recovery	NOUN
ftr-433	929	9	is	be	AUX
ftr-433	929	10	understood	understand	VERB
ftr-433	929	11	,	,	PUNCT
ftr-433	929	12	it	it	PRON
ftr-433	929	13	is	be	AUX
ftr-433	929	14	more	more	ADV
ftr-433	929	15	likely	likely	ADJ
ftr-433	929	16	that	that	SCONJ
ftr-433	929	17	the	the	DET
ftr-433	929	18	normative	normative	ADJ
ftr-433	929	19	treatment	treatment	NOUN
ftr-433	929	20	of	of	ADP
ftr-433	929	21	non	non	ADJ
ftr-433	929	22	-	-	ADJ
ftr-433	929	23	capital	capital	ADJ
ftr-433	929	24	cost	cost	NOUN
ftr-433	929	25	recovery	recovery	NOUN
ftr-433	929	26	or	or	CCONJ
ftr-433	929	27	capital	capital	NOUN
ftr-433	929	28	formation	formation	NOUN
ftr-433	929	29	and	and	CCONJ
ftr-433	929	30	capital	capital	NOUN
ftr-433	929	31	cost	cost	NOUN
ftr-433	929	32	recovery	recovery	NOUN
ftr-433	929	33	can	can	AUX
ftr-433	929	34	be	be	AUX
ftr-433	929	35	re	re	VERB
ftr-433	929	36	-	-	VERB
ftr-433	929	37	examined	examine	VERB
ftr-433	929	38	fruitfully	fruitfully	ADV
ftr-433	929	39	.	.	PUNCT
ftr-433	930	1	max132	max132	PROPN
ftr-433	930	2	.	.	PUNCT
ftr-433	931	1	proof	proof	NOUN
ftr-433	931	2	:	:	PUNCT
ftr-433	932	1	i	i	PRON
ftr-433	932	2	=	=	PUNCT
ftr-433	933	1	[	[	X
ftr-433	933	2	earnings	earning	NOUN
ftr-433	933	3	(	(	PUNCT
ftr-433	933	4	$	$	SYM
ftr-433	933	5	300	300	NUM
ftr-433	933	6	)	)	PUNCT
ftr-433	933	7	–	–	PUNCT
ftr-433	933	8	investment	investment	NOUN
ftr-433	933	9	(	(	PUNCT
ftr-433	933	10	$	$	SYM
ftr-433	933	11	112.50	112.50	NUM
ftr-433	933	12	)	)	PUNCT
ftr-433	933	13	]	]	PUNCT
ftr-433	933	14	x	x	X
ftr-433	933	15	(	(	PUNCT
ftr-433	933	16	1	1	NUM
ftr-433	933	17	–	–	PUNCT
ftr-433	933	18	t	t	NOUN
ftr-433	933	19	)	)	PUNCT
ftr-433	933	20	=	=	PUNCT
ftr-433	933	21	$	$	SYM
ftr-433	933	22	187.50	187.50	NUM
ftr-433	933	23	x	x	SYM
ftr-433	933	24	.6	.6	PUNCT
ftr-433	933	25	=	=	SYM
ftr-433	933	26	$	$	SYM
ftr-433	933	27	112.50	112.50	NUM
ftr-433	933	28	,	,	PUNCT
ftr-433	933	29	which	which	PRON
ftr-433	933	30	equals	equal	VERB
ftr-433	933	31	37.5	37.5	NUM
ftr-433	933	32	%	%	NOUN
ftr-433	933	33	of	of	ADP
ftr-433	933	34	earnings	earning	NOUN
ftr-433	933	35	.	.	PUNCT
ftr-433	934	1	max133	max133	PROPN
ftr-433	934	2	.	.	PUNCT
ftr-433	935	1	proof	proof	NOUN
ftr-433	935	2	:	:	PUNCT
ftr-433	936	1	i	i	PRON
ftr-433	936	2	=	=	PUNCT
ftr-433	937	1	[	[	X
ftr-433	937	2	earnings	earning	NOUN
ftr-433	937	3	(	(	PUNCT
ftr-433	937	4	$	$	SYM
ftr-433	937	5	300	300	NUM
ftr-433	937	6	)	)	PUNCT
ftr-433	937	7	–	–	PUNCT
ftr-433	937	8	investment	investment	NOUN
ftr-433	937	9	(	(	PUNCT
ftr-433	937	10	$	$	SYM
ftr-433	937	11	133.33	133.33	NUM
ftr-433	937	12	)	)	PUNCT
ftr-433	937	13	]	]	PUNCT
ftr-433	937	14	x	x	X
ftr-433	937	15	(	(	PUNCT
ftr-433	937	16	1	1	NUM
ftr-433	937	17	–	–	PUNCT
ftr-433	937	18	t	t	NOUN
ftr-433	937	19	)	)	PUNCT
ftr-433	937	20	=	=	PUNCT
ftr-433	937	21	$	$	SYM
ftr-433	937	22	166.67	166.67	NUM
ftr-433	937	23	x	x	SYM
ftr-433	937	24	.8	.8	PUNCT
ftr-433	937	25	=	=	PUNCT
ftr-433	937	26	$	$	SYM
ftr-433	937	27	133.33	133.33	NUM
ftr-433	937	28	,	,	PUNCT
ftr-433	937	29	which	which	PRON
ftr-433	937	30	equals	equal	VERB
ftr-433	937	31	44.4	44.4	NUM
ftr-433	937	32	%	%	NOUN
ftr-433	937	33	of	of	ADP
ftr-433	937	34	earnings	earning	NOUN
ftr-433	937	35	.	.	PUNCT
ftr-433	938	1	formation	formation	NOUN
ftr-433	938	2	threshold	threshold	NOUN
ftr-433	938	3	for	for	ADP
ftr-433	938	4	a	a	DET
ftr-433	938	5	rbit	rbit	NOUN
ftr-433	938	6	base	base	NOUN
ftr-433	938	7	,	,	PUNCT
ftr-433	938	8	at	at	ADP
ftr-433	938	9	or	or	CCONJ
ftr-433	938	10	below	below	ADP
ftr-433	938	11	which	which	PRON
ftr-433	938	12	all	all	DET
ftr-433	938	13	investment	investment	NOUN
ftr-433	938	14	is	be	AUX
ftr-433	938	15	capital	capital	NOUN
ftr-433	938	16	investment	investment	NOUN
ftr-433	938	17	regardless	regardless	ADV
ftr-433	938	18	of	of	ADP
ftr-433	938	19	the	the	DET
ftr-433	938	20	cost	cost	NOUN
ftr-433	938	21	recovery	recovery	NOUN
ftr-433	938	22	method	method	NOUN
ftr-433	938	23	employed	employ	VERB
ftr-433	938	24	.	.	PUNCT
ftr-433	939	1	at	at	ADP
ftr-433	939	2	or	or	CCONJ
ftr-433	939	3	below	below	ADP
ftr-433	939	4	this	this	DET
ftr-433	939	5	threshold	threshold	NOUN
ftr-433	939	6	,	,	PUNCT
ftr-433	939	7	no	no	DET
ftr-433	939	8	pre	pre	ADJ
ftr-433	939	9	-	-	ADJ
ftr-433	939	10	tax	tax	ADJ
ftr-433	939	11	income	income	NOUN
ftr-433	939	12	can	can	AUX
ftr-433	939	13	be	be	AUX
ftr-433	939	14	offset	offset	VERB
ftr-433	939	15	under	under	ADP
ftr-433	939	16	any	any	DET
ftr-433	939	17	rbit	rbit	NOUN
ftr-433	939	18	base	base	NOUN
ftr-433	939	19	recovery	recovery	NOUN
ftr-433	939	20	method	method	NOUN
ftr-433	939	21	,	,	PUNCT
ftr-433	939	22	including	include	VERB
ftr-433	939	23	expensing	expense	VERB
ftr-433	939	24	,	,	PUNCT
ftr-433	939	25	and	and	CCONJ
ftr-433	939	26	only	only	ADV
ftr-433	939	27	capital	capital	NOUN
ftr-433	939	28	cost	cost	NOUN
ftr-433	939	29	recovery	recovery	NOUN
ftr-433	939	30	methods	method	NOUN
ftr-433	939	31	can	can	AUX
ftr-433	939	32	be	be	AUX
ftr-433	939	33	analyzed	analyze	VERB
ftr-433	939	34	.	.	PUNCT
ftr-433	940	1	commentators	commentator	NOUN
ftr-433	940	2	have	have	AUX
ftr-433	940	3	often	often	ADV
ftr-433	940	4	noted	note	VERB
ftr-433	940	5	a	a	DET
ftr-433	940	6	related	related	ADJ
ftr-433	940	7	but	but	CCONJ
ftr-433	940	8	different	different	ADJ
ftr-433	940	9	phenomenon	phenomenon	NOUN
ftr-433	940	10	related	relate	VERB
ftr-433	940	11	to	to	PART
ftr-433	940	12	rbit	rbit	VERB
ftr-433	940	13	expensing	expense	VERB
ftr-433	940	14	.	.	PUNCT
ftr-433	941	1	the	the	DET
ftr-433	941	2	maximum	maximum	ADJ
ftr-433	941	3	amount	amount	NOUN
ftr-433	941	4	of	of	ADP
ftr-433	941	5	overall	overall	ADJ
ftr-433	941	6	possible	possible	ADJ
ftr-433	941	7	investment	investment	NOUN
ftr-433	941	8	in	in	ADP
ftr-433	941	9	a	a	DET
ftr-433	941	10	rbit	rbit	NOUN
ftr-433	941	11	base	base	NOUN
ftr-433	941	12	that	that	PRON
ftr-433	941	13	allows	allow	VERB
ftr-433	941	14	full	full	ADJ
ftr-433	941	15	-	-	PUNCT
ftr-433	941	16	offset	offset	NOUN
ftr-433	941	17	expensing	expensing	NOUN
ftr-433	941	18	equals	equal	VERB
ftr-433	941	19	the	the	DET
ftr-433	941	20	maximum	maximum	ADJ
ftr-433	941	21	amount	amount	NOUN
ftr-433	941	22	that	that	PRON
ftr-433	941	23	can	can	AUX
ftr-433	941	24	be	be	AUX
ftr-433	941	25	invested	invest	VERB
ftr-433	941	26	in	in	ADP
ftr-433	941	27	an	an	DET
ftr-433	941	28	amit	amit	NOUN
ftr-433	941	29	base	base	NOUN
ftr-433	941	30	that	that	PRON
ftr-433	941	31	uses	use	VERB
ftr-433	941	32	economic	economic	ADJ
ftr-433	941	33	depreciation	depreciation	NOUN
ftr-433	941	34	divided	divide	VERB
ftr-433	941	35	by	by	ADP
ftr-433	941	36	1	1	NUM
ftr-433	941	37	–	–	PUNCT
ftr-433	941	38	t	t	PROPN
ftr-433	941	39	,	,	PUNCT
ftr-433	941	40	where	where	SCONJ
ftr-433	941	41	t	t	PROPN
ftr-433	941	42	equals	equal	VERB
ftr-433	941	43	the	the	DET
ftr-433	941	44	tax	tax	NOUN
ftr-433	941	45	rate	rate	NOUN
ftr-433	941	46	.	.	PUNCT
ftr-433	942	1	in	in	ADP
ftr-433	942	2	the	the	DET
ftr-433	942	3	above	above	ADJ
ftr-433	942	4	example	example	NOUN
ftr-433	942	5	,	,	PUNCT
ftr-433	942	6	$	$	SYM
ftr-433	942	7	150	150	NUM
ftr-433	942	8	is	be	AUX
ftr-433	942	9	the	the	DET
ftr-433	942	10	maximum	maximum	ADJ
ftr-433	942	11	amount	amount	NOUN
ftr-433	942	12	of	of	ADP
ftr-433	942	13	investment	investment	NOUN
ftr-433	942	14	that	that	PRON
ftr-433	942	15	is	be	AUX
ftr-433	942	16	possible	possible	ADJ
ftr-433	942	17	in	in	ADP
ftr-433	942	18	an	an	DET
ftr-433	942	19	amit	amit	NOUN
ftr-433	942	20	base	base	NOUN
ftr-433	942	21	beginning	begin	VERB
ftr-433	942	22	with	with	ADP
ftr-433	942	23	$	$	SYM
ftr-433	942	24	300	300	NUM
ftr-433	942	25	of	of	ADP
ftr-433	942	26	earnings	earning	NOUN
ftr-433	942	27	,	,	PUNCT
ftr-433	942	28	because	because	SCONJ
ftr-433	942	29	an	an	DET
ftr-433	942	30	amit	amit	NOUN
ftr-433	942	31	base	base	NOUN
ftr-433	942	32	must	must	AUX
ftr-433	942	33	tax	tax	VERB
ftr-433	942	34	invested	invest	VERB
ftr-433	942	35	earnings	earning	NOUN
ftr-433	942	36	and	and	CCONJ
ftr-433	942	37	must	must	AUX
ftr-433	942	38	use	use	VERB
ftr-433	942	39	economic	economic	ADJ
ftr-433	942	40	depreciation	depreciation	NOUN
ftr-433	942	41	.	.	PUNCT
ftr-433	943	1	if	if	SCONJ
ftr-433	943	2	the	the	DET
ftr-433	943	3	capital	capital	NOUN
ftr-433	943	4	investment	investment	NOUN
ftr-433	943	5	condition	condition	NOUN
ftr-433	943	6	that	that	SCONJ
ftr-433	943	7	this	this	DET
ftr-433	943	8	article	article	NOUN
ftr-433	943	9	uses	use	VERB
ftr-433	943	10	is	be	AUX
ftr-433	943	11	relaxed	relax	VERB
ftr-433	943	12	,	,	PUNCT
ftr-433	943	13	however	however	ADV
ftr-433	943	14	,	,	PUNCT
ftr-433	943	15	and	and	CCONJ
ftr-433	943	16	pre	pre	ADJ
ftr-433	943	17	-	-	ADJ
ftr-433	943	18	tax	tax	ADJ
ftr-433	943	19	earnings	earning	NOUN
ftr-433	943	20	are	be	AUX
ftr-433	943	21	allowed	allow	VERB
ftr-433	943	22	to	to	PART
ftr-433	943	23	be	be	AUX
ftr-433	943	24	invested	invest	VERB
ftr-433	943	25	with	with	ADP
ftr-433	943	26	full	full	ADJ
ftr-433	943	27	loss	loss	NOUN
ftr-433	943	28	offset	offset	NOUN
ftr-433	943	29	,	,	PUNCT
ftr-433	943	30	the	the	DET
ftr-433	943	31	maximum	maximum	ADJ
ftr-433	943	32	amount	amount	NOUN
ftr-433	943	33	of	of	ADP
ftr-433	943	34	investment	investment	NOUN
ftr-433	943	35	that	that	PRON
ftr-433	943	36	is	be	AUX
ftr-433	943	37	possible	possible	ADJ
ftr-433	943	38	from	from	ADP
ftr-433	943	39	$	$	SYM
ftr-433	943	40	300	300	NUM
ftr-433	943	41	of	of	ADP
ftr-433	943	42	earnings	earning	NOUN
ftr-433	943	43	in	in	ADP
ftr-433	943	44	a	a	DET
ftr-433	943	45	rbit	rbit	NOUN
ftr-433	943	46	base	base	NOUN
ftr-433	943	47	that	that	PRON
ftr-433	943	48	allows	allow	VERB
ftr-433	943	49	expensing	expensing	NOUN
ftr-433	943	50	becomes	become	VERB
ftr-433	943	51	$	$	SYM
ftr-433	943	52	300	300	NUM
ftr-433	943	53	,	,	PUNCT
ftr-433	943	54	or	or	CCONJ
ftr-433	943	55	$	$	SYM
ftr-433	943	56	150/1	150/1	NUM
ftr-433	943	57	–	–	PUNCT
ftr-433	943	58	t	t	NOUN
ftr-433	943	59	where	where	SCONJ
ftr-433	943	60	t	t	PROPN
ftr-433	943	61	equals	equal	VERB
ftr-433	943	62	50	50	NUM
ftr-433	943	63	%	%	NOUN
ftr-433	943	64	.	.	PUNCT
ftr-433	944	1	the	the	DET
ftr-433	944	2	difference	difference	NOUN
ftr-433	944	3	between	between	ADP
ftr-433	944	4	the	the	DET
ftr-433	944	5	traditional	traditional	ADJ
ftr-433	944	6	analysis	analysis	NOUN
ftr-433	944	7	and	and	CCONJ
ftr-433	944	8	the	the	DET
ftr-433	944	9	analysis	analysis	NOUN
ftr-433	944	10	undertaken	undertake	VERB
ftr-433	944	11	in	in	ADP
ftr-433	944	12	this	this	DET
ftr-433	944	13	article	article	NOUN
ftr-433	944	14	is	be	AUX
ftr-433	944	15	that	that	SCONJ
ftr-433	944	16	this	this	DET
ftr-433	944	17	article	article	NOUN
ftr-433	944	18	focuses	focus	VERB
ftr-433	944	19	exclusively	exclusively	ADV
ftr-433	944	20	on	on	ADP
ftr-433	944	21	the	the	DET
ftr-433	944	22	maximum	maximum	ADJ
ftr-433	944	23	amount	amount	NOUN
ftr-433	944	24	of	of	ADP
ftr-433	944	25	capital	capital	NOUN
ftr-433	944	26	investment	investment	NOUN
ftr-433	944	27	that	that	PRON
ftr-433	944	28	is	be	AUX
ftr-433	944	29	possible	possible	ADJ
ftr-433	944	30	within	within	ADP
ftr-433	944	31	a	a	DET
ftr-433	944	32	rbit	rbit	NOUN
ftr-433	944	33	base	base	NOUN
ftr-433	944	34	under	under	ADP
ftr-433	944	35	any	any	DET
ftr-433	944	36	cost	cost	NOUN
ftr-433	944	37	recovery	recovery	NOUN
ftr-433	944	38	method	method	NOUN
ftr-433	944	39	,	,	PUNCT
ftr-433	944	40	while	while	SCONJ
ftr-433	944	41	the	the	DET
ftr-433	944	42	traditional	traditional	ADJ
ftr-433	944	43	analysis	analysis	NOUN
ftr-433	944	44	focuses	focus	VERB
ftr-433	944	45	exclusively	exclusively	ADV
ftr-433	944	46	on	on	ADP
ftr-433	944	47	the	the	DET
ftr-433	944	48	maximum	maximum	ADJ
ftr-433	944	49	amount	amount	NOUN
ftr-433	944	50	of	of	ADP
ftr-433	944	51	pre	pre	ADJ
ftr-433	944	52	-	-	ADJ
ftr-433	944	53	tax	tax	ADJ
ftr-433	944	54	dollar	dollar	NOUN
ftr-433	944	55	investment	investment	NOUN
ftr-433	944	56	that	that	PRON
ftr-433	944	57	is	be	AUX
ftr-433	944	58	possible	possible	ADJ
ftr-433	944	59	in	in	ADP
ftr-433	944	60	a	a	DET
ftr-433	944	61	rbit	rbit	NOUN
ftr-433	944	62	base	base	NOUN
ftr-433	944	63	under	under	ADP
ftr-433	944	64	various	various	ADJ
ftr-433	944	65	cost	cost	NOUN
ftr-433	944	66	recovery	recovery	NOUN
ftr-433	944	67	methods.131	methods.131	NUM
ftr-433	944	68	three	three	NUM
ftr-433	944	69	other	other	ADJ
ftr-433	944	70	points	point	NOUN
ftr-433	944	71	should	should	AUX
ftr-433	944	72	be	be	AUX
ftr-433	944	73	noted	note	VERB
ftr-433	944	74	here	here	ADV
ftr-433	944	75	.	.	PUNCT
ftr-433	945	1	first	first	ADV
ftr-433	945	2	,	,	PUNCT
ftr-433	945	3	the	the	DET
ftr-433	945	4	natural	natural	ADJ
ftr-433	945	5	capital	capital	NOUN
ftr-433	945	6	formation	formation	NOUN
ftr-433	945	7	threshold	threshold	NOUN
ftr-433	945	8	for	for	ADP
ftr-433	945	9	a	a	DET
ftr-433	945	10	rbit	rbit	NOUN
ftr-433	945	11	base	base	NOUN
ftr-433	945	12	increases	increase	NOUN
ftr-433	945	13	in	in	ADP
ftr-433	945	14	inverse	inverse	NOUN
ftr-433	945	15	relationship	relationship	NOUN
ftr-433	945	16	to	to	ADP
ftr-433	945	17	the	the	DET
ftr-433	945	18	tax	tax	NOUN
ftr-433	945	19	maxrate	maxrate	NOUN
ftr-433	945	20	.	.	PUNCT
ftr-433	946	1	for	for	ADP
ftr-433	946	2	example	example	NOUN
ftr-433	946	3	,	,	PUNCT
ftr-433	946	4	if	if	SCONJ
ftr-433	946	5	earnings	earning	NOUN
ftr-433	946	6	were	be	AUX
ftr-433	946	7	$	$	SYM
ftr-433	946	8	300	300	NUM
ftr-433	946	9	but	but	CCONJ
ftr-433	946	10	the	the	DET
ftr-433	946	11	tax	tax	NOUN
ftr-433	946	12	rate	rate	NOUN
ftr-433	946	13	were	be	AUX
ftr-433	946	14	40	40	NUM
ftr-433	946	15	%	%	NOUN
ftr-433	946	16	,	,	PUNCT
ftr-433	946	17	i	i	PRON
ftr-433	946	18	and	and	CCONJ
ftr-433	946	19	maxcapital	maxcapital	ADJ
ftr-433	946	20	investment	investment	NOUN
ftr-433	946	21	would	would	AUX
ftr-433	946	22	increase	increase	VERB
ftr-433	946	23	to	to	ADP
ftr-433	946	24	$	$	SYM
ftr-433	946	25	112.50	112.50	NUM
ftr-433	946	26	;	;	PUNCT
ftr-433	946	27	and	and	CCONJ
ftr-433	946	28	if	if	SCONJ
ftr-433	946	29	the	the	DET
ftr-433	946	30	tax	tax	NOUN
ftr-433	946	31	rate	rate	NOUN
ftr-433	946	32	were132	were132	PROPN
ftr-433	946	33	20	20	NUM
ftr-433	946	34	%	%	NOUN
ftr-433	946	35	,	,	PUNCT
ftr-433	946	36	both	both	DET
ftr-433	946	37	thresholds	threshold	NOUN
ftr-433	946	38	would	would	AUX
ftr-433	946	39	increase	increase	VERB
ftr-433	946	40	to	to	ADP
ftr-433	946	41	$	$	SYM
ftr-433	946	42	133.33	133.33	NUM
ftr-433	946	43	.	.	PUNCT
ftr-433	947	1	under	under	ADP
ftr-433	947	2	current	current	ADJ
ftr-433	947	3	tax	tax	NOUN
ftr-433	947	4	rates,133	rates,133	PROPN
ftr-433	947	5	therefore	therefore	ADV
ftr-433	947	6	,	,	PUNCT
ftr-433	947	7	the	the	DET
ftr-433	947	8	natural	natural	ADJ
ftr-433	947	9	capital	capital	NOUN
ftr-433	947	10	formation	formation	NOUN
ftr-433	947	11	threshold	threshold	NOUN
ftr-433	947	12	ranges	range	VERB
ftr-433	947	13	from	from	ADP
ftr-433	947	14	approximately	approximately	ADV
ftr-433	947	15	510	510	NUM
ftr-433	947	16	florida	florida	PROPN
ftr-433	947	17	tax	tax	NOUN
ftr-433	947	18	review	review	NOUN
ftr-433	948	1	[	[	X
ftr-433	948	2	vol	vol	NOUN
ftr-433	948	3	.	.	PUNCT
ftr-433	948	4	5:7	5:7	NUM
ftr-433	948	5	134	134	NUM
ftr-433	948	6	.	.	PUNCT
ftr-433	949	1	see	see	VERB
ftr-433	949	2	,	,	PUNCT
ftr-433	949	3	e.g.	e.g.	ADV
ftr-433	949	4	,	,	PUNCT
ftr-433	949	5	statistical	statistical	ADJ
ftr-433	949	6	snapshot	snapshot	NOUN
ftr-433	949	7	of	of	ADP
ftr-433	949	8	the	the	DET
ftr-433	949	9	1995	1995	NUM
ftr-433	949	10	construction	construction	NOUN
ftr-433	949	11	industry	industry	NOUN
ftr-433	949	12	annual	annual	ADJ
ftr-433	949	13	financial	financial	ADJ
ftr-433	949	14	survey	survey	NOUN
ftr-433	949	15	,	,	PUNCT
ftr-433	949	16	in	in	ADP
ftr-433	949	17	journal	journal	NOUN
ftr-433	949	18	of	of	ADP
ftr-433	949	19	lending	lending	NOUN
ftr-433	949	20	and	and	CCONJ
ftr-433	949	21	credit	credit	NOUN
ftr-433	949	22	risk	risk	NOUN
ftr-433	949	23	management	management	NOUN
ftr-433	949	24	57	57	NUM
ftr-433	949	25	,	,	PUNCT
ftr-433	949	26	59	59	NUM
ftr-433	949	27	(	(	PUNCT
ftr-433	949	28	1996	1996	NUM
ftr-433	949	29	)	)	PUNCT
ftr-433	949	30	(	(	PUNCT
ftr-433	949	31	survey	survey	NOUN
ftr-433	949	32	respondents	respondent	NOUN
ftr-433	949	33	finance	finance	VERB
ftr-433	949	34	between	between	ADP
ftr-433	949	35	37	37	NUM
ftr-433	949	36	%	%	NOUN
ftr-433	949	37	and	and	CCONJ
ftr-433	949	38	68	68	NUM
ftr-433	949	39	%	%	NOUN
ftr-433	949	40	of	of	ADP
ftr-433	949	41	equipment	equipment	NOUN
ftr-433	949	42	purchases	purchase	NOUN
ftr-433	949	43	from	from	ADP
ftr-433	949	44	current	current	ADJ
ftr-433	949	45	cash	cash	NOUN
ftr-433	949	46	flows	flow	NOUN
ftr-433	949	47	.	.	PUNCT
ftr-433	949	48	)	)	PUNCT
ftr-433	949	49	.	.	PUNCT
ftr-433	950	1	it	it	PRON
ftr-433	950	2	is	be	AUX
ftr-433	950	3	difficult	difficult	ADJ
ftr-433	950	4	,	,	PUNCT
ftr-433	950	5	however	however	ADV
ftr-433	950	6	,	,	PUNCT
ftr-433	950	7	to	to	PART
ftr-433	950	8	estimate	estimate	VERB
ftr-433	950	9	what	what	DET
ftr-433	950	10	percentage	percentage	NOUN
ftr-433	950	11	the	the	DET
ftr-433	950	12	amounts	amount	NOUN
ftr-433	950	13	u.s	u.s	PROPN
ftr-433	950	14	.	.	PROPN
ftr-433	950	15	corporations	corporation	NOUN
ftr-433	950	16	spend	spend	VERB
ftr-433	950	17	on	on	ADP
ftr-433	950	18	equipment	equipment	NOUN
ftr-433	950	19	purchases	purchase	NOUN
ftr-433	950	20	is	be	AUX
ftr-433	950	21	of	of	ADP
ftr-433	950	22	corporate	corporate	ADJ
ftr-433	950	23	taxable	taxable	ADJ
ftr-433	950	24	income	income	NOUN
ftr-433	950	25	in	in	ADP
ftr-433	950	26	order	order	NOUN
ftr-433	950	27	to	to	PART
ftr-433	950	28	determine	determine	VERB
ftr-433	950	29	how	how	SCONJ
ftr-433	950	30	much	much	ADJ
ftr-433	950	31	equipment	equipment	NOUN
ftr-433	950	32	investment	investment	NOUN
ftr-433	950	33	is	be	AUX
ftr-433	950	34	financed	finance	VERB
ftr-433	950	35	from	from	ADP
ftr-433	950	36	rbit	rbit	NOUN
ftr-433	950	37	base	base	NOUN
ftr-433	950	38	tax	tax	NOUN
ftr-433	950	39	capital	capital	NOUN
ftr-433	950	40	.	.	PUNCT
ftr-433	951	1	note	note	VERB
ftr-433	951	2	,	,	PUNCT
ftr-433	951	3	however	however	ADV
ftr-433	951	4	,	,	PUNCT
ftr-433	951	5	that	that	SCONJ
ftr-433	951	6	the	the	DET
ftr-433	951	7	total	total	ADJ
ftr-433	951	8	amount	amount	NOUN
ftr-433	951	9	of	of	ADP
ftr-433	951	10	cost	cost	NOUN
ftr-433	951	11	recovery	recovery	NOUN
ftr-433	951	12	deductions	deduction	NOUN
ftr-433	951	13	taken	take	VERB
ftr-433	951	14	by	by	ADP
ftr-433	951	15	profitable	profitable	ADJ
ftr-433	951	16	u.s	u.s	PROPN
ftr-433	951	17	.	.	PROPN
ftr-433	951	18	corporations	corporation	NOUN
ftr-433	951	19	with	with	ADP
ftr-433	951	20	taxable	taxable	ADJ
ftr-433	951	21	years	year	NOUN
ftr-433	951	22	ending	end	VERB
ftr-433	951	23	between	between	ADP
ftr-433	951	24	july	july	PROPN
ftr-433	951	25	1997	1997	NUM
ftr-433	951	26	and	and	CCONJ
ftr-433	951	27	june	june	PROPN
ftr-433	951	28	1998	1998	NUM
ftr-433	951	29	(	(	PUNCT
ftr-433	951	30	$	$	SYM
ftr-433	951	31	413	413	NUM
ftr-433	951	32	billion	billion	NUM
ftr-433	951	33	)	)	PUNCT
ftr-433	951	34	is	be	AUX
ftr-433	951	35	less	less	ADJ
ftr-433	951	36	than	than	ADP
ftr-433	951	37	the	the	DET
ftr-433	951	38	amount	amount	NOUN
ftr-433	951	39	of	of	ADP
ftr-433	951	40	“	"	PUNCT
ftr-433	951	41	tax	tax	NOUN
ftr-433	951	42	capital	capital	NOUN
ftr-433	951	43	”	"	PUNCT
ftr-433	951	44	available	available	ADJ
ftr-433	951	45	to	to	ADP
ftr-433	951	46	those	those	DET
ftr-433	951	47	corporations	corporation	NOUN
ftr-433	951	48	based	base	VERB
ftr-433	951	49	on	on	ADP
ftr-433	951	50	an	an	DET
ftr-433	951	51	analysis	analysis	NOUN
ftr-433	951	52	of	of	ADP
ftr-433	951	53	statistical	statistical	ADJ
ftr-433	951	54	information	information	NOUN
ftr-433	951	55	from	from	ADP
ftr-433	951	56	their	their	PRON
ftr-433	951	57	income	income	NOUN
ftr-433	951	58	tax	tax	NOUN
ftr-433	951	59	returns	return	NOUN
ftr-433	951	60	and	and	CCONJ
ftr-433	951	61	applying	apply	VERB
ftr-433	951	62	formula	formula	NOUN
ftr-433	951	63	4	4	NUM
ftr-433	951	64	in	in	ADP
ftr-433	951	65	the	the	DET
ftr-433	951	66	text	text	NOUN
ftr-433	951	67	(	(	PUNCT
ftr-433	951	68	$	$	SYM
ftr-433	951	69	658	658	NUM
ftr-433	951	70	billion	billion	NUM
ftr-433	951	71	)	)	PUNCT
ftr-433	951	72	.	.	PUNCT
ftr-433	952	1	see	see	VERB
ftr-433	952	2	irs	irs	PROPN
ftr-433	952	3	pub	pub	NOUN
ftr-433	952	4	.	.	PUNCT
ftr-433	953	1	no	no	INTJ
ftr-433	953	2	.	.	NOUN
ftr-433	954	1	1053	1053	NUM
ftr-433	954	2	,	,	PUNCT
ftr-433	954	3	income	income	NOUN
ftr-433	954	4	tax	tax	NOUN
ftr-433	954	5	returns	return	NOUN
ftr-433	954	6	of	of	ADP
ftr-433	954	7	active	active	ADJ
ftr-433	954	8	corporations	corporation	NOUN
ftr-433	954	9	with	with	ADP
ftr-433	954	10	accounting	accounting	NOUN
ftr-433	954	11	periods	period	NOUN
ftr-433	954	12	ended	end	VERB
ftr-433	954	13	july	july	PROPN
ftr-433	954	14	1977	1977	NUM
ftr-433	954	15	through	through	ADP
ftr-433	954	16	june	june	PROPN
ftr-433	954	17	1998	1998	NUM
ftr-433	954	18	in	in	ADP
ftr-433	954	19	corporation	corporation	NOUN
ftr-433	954	20	source	source	NOUN
ftr-433	954	21	book	book	NOUN
ftr-433	954	22	of	of	ADP
ftr-433	954	23	statistics	statistic	NOUN
ftr-433	954	24	of	of	ADP
ftr-433	954	25	income	income	NOUN
ftr-433	954	26	245	245	NUM
ftr-433	954	27	(	(	PUNCT
ftr-433	954	28	all	all	DET
ftr-433	954	29	industries	industry	NOUN
ftr-433	954	30	returns	return	VERB
ftr-433	954	31	with	with	ADP
ftr-433	954	32	net	net	ADJ
ftr-433	954	33	income	income	NOUN
ftr-433	954	34	)	)	PUNCT
ftr-433	954	35	(	(	PUNCT
ftr-433	954	36	march	march	PROPN
ftr-433	954	37	3	3	NUM
ftr-433	954	38	,	,	PUNCT
ftr-433	954	39	2000	2000	NUM
ftr-433	954	40	)	)	PUNCT
ftr-433	954	41	.	.	PUNCT
ftr-433	955	1	if	if	SCONJ
ftr-433	955	2	one	one	PRON
ftr-433	955	3	assumes	assume	VERB
ftr-433	955	4	that	that	SCONJ
ftr-433	955	5	annual	annual	ADJ
ftr-433	955	6	corporate	corporate	ADJ
ftr-433	955	7	expenditures	expenditure	NOUN
ftr-433	955	8	for	for	ADP
ftr-433	955	9	equipment	equipment	NOUN
ftr-433	955	10	do	do	AUX
ftr-433	955	11	not	not	PART
ftr-433	955	12	exceed	exceed	VERB
ftr-433	955	13	the	the	DET
ftr-433	955	14	annual	annual	ADJ
ftr-433	955	15	amount	amount	NOUN
ftr-433	955	16	of	of	ADP
ftr-433	955	17	cost	cost	NOUN
ftr-433	955	18	recovery	recovery	NOUN
ftr-433	955	19	deductions	deduction	NOUN
ftr-433	955	20	allowed	allow	VERB
ftr-433	955	21	for	for	ADP
ftr-433	955	22	all	all	DET
ftr-433	955	23	assets	asset	NOUN
ftr-433	955	24	,	,	PUNCT
ftr-433	955	25	than	than	SCONJ
ftr-433	955	26	equipment	equipment	NOUN
ftr-433	955	27	purchases	purchase	NOUN
ftr-433	955	28	must	must	AUX
ftr-433	955	29	be	be	AUX
ftr-433	955	30	supported	support	VERB
ftr-433	955	31	by	by	ADP
ftr-433	955	32	,	,	PUNCT
ftr-433	955	33	if	if	SCONJ
ftr-433	955	34	not	not	PART
ftr-433	955	35	financed	finance	VERB
ftr-433	955	36	from	from	ADP
ftr-433	955	37	,	,	PUNCT
ftr-433	955	38	capital	capital	NOUN
ftr-433	955	39	.	.	PUNCT
ftr-433	956	1	135	135	NUM
ftr-433	956	2	.	.	PUNCT
ftr-433	957	1	see	see	VERB
ftr-433	957	2	e.g.	e.g.	ADV
ftr-433	957	3	,	,	PUNCT
ftr-433	957	4	supra	supra	PROPN
ftr-433	957	5	note	note	NOUN
ftr-433	957	6	17	17	NUM
ftr-433	957	7	and	and	CCONJ
ftr-433	957	8	accompanying	accompany	VERB
ftr-433	957	9	text	text	NOUN
ftr-433	957	10	,	,	PUNCT
ftr-433	957	11	and	and	CCONJ
ftr-433	957	12	infra	infra	VERB
ftr-433	957	13	part	part	NOUN
ftr-433	957	14	viii	viii	ADJ
ftr-433	957	15	.	.	PUNCT
ftr-433	958	1	136	136	NUM
ftr-433	958	2	.	.	PUNCT
ftr-433	959	1	see	see	VERB
ftr-433	959	2	brown	brown	ADJ
ftr-433	959	3	,	,	PUNCT
ftr-433	959	4	supra	supra	PROPN
ftr-433	959	5	note	note	NOUN
ftr-433	959	6	23	23	NUM
ftr-433	959	7	.	.	PUNCT
ftr-433	960	1	37	37	NUM
ftr-433	960	2	%	%	NOUN
ftr-433	960	3	to	to	PART
ftr-433	960	4	45	45	NUM
ftr-433	960	5	%	%	NOUN
ftr-433	960	6	of	of	ADP
ftr-433	960	7	net	net	ADJ
ftr-433	960	8	earnings	earning	NOUN
ftr-433	960	9	(	(	PUNCT
ftr-433	960	10	prior	prior	ADV
ftr-433	960	11	to	to	ADP
ftr-433	960	12	any	any	DET
ftr-433	960	13	cost	cost	NOUN
ftr-433	960	14	recovery	recovery	NOUN
ftr-433	960	15	deductions	deduction	NOUN
ftr-433	960	16	)	)	PUNCT
ftr-433	960	17	.	.	PUNCT
ftr-433	961	1	second	second	ADV
ftr-433	961	2	,	,	PUNCT
ftr-433	961	3	given	give	VERB
ftr-433	961	4	that	that	DET
ftr-433	961	5	fairly	fairly	ADV
ftr-433	961	6	high	high	ADJ
ftr-433	961	7	capital	capital	NOUN
ftr-433	961	8	formation	formation	NOUN
ftr-433	961	9	threshold	threshold	NOUN
ftr-433	961	10	,	,	PUNCT
ftr-433	961	11	it	it	PRON
ftr-433	961	12	is	be	AUX
ftr-433	961	13	reasonable	reasonable	ADJ
ftr-433	961	14	to	to	PART
ftr-433	961	15	assume	assume	VERB
ftr-433	961	16	that	that	SCONJ
ftr-433	961	17	a	a	DET
ftr-433	961	18	substantial	substantial	ADJ
ftr-433	961	19	amount	amount	NOUN
ftr-433	961	20	of	of	ADP
ftr-433	961	21	capital	capital	NOUN
ftr-433	961	22	-	-	PUNCT
ftr-433	961	23	financed	finance	VERB
ftr-433	961	24	investment	investment	NOUN
ftr-433	961	25	in	in	ADP
ftr-433	961	26	short	short	ADV
ftr-433	961	27	-	-	PUNCT
ftr-433	961	28	lived	live	VERB
ftr-433	961	29	depreciable	depreciable	ADJ
ftr-433	961	30	assets	asset	NOUN
ftr-433	961	31	takes	take	VERB
ftr-433	961	32	place	place	NOUN
ftr-433	961	33	in	in	ADP
ftr-433	961	34	the	the	DET
ftr-433	961	35	u.s	u.s	PROPN
ftr-433	961	36	.	.	PROPN
ftr-433	961	37	tax	tax	NOUN
ftr-433	961	38	base	base	NOUN
ftr-433	961	39	.	.	PUNCT
ftr-433	962	1	third	third	ADJ
ftr-433	962	2	,	,	PUNCT
ftr-433	962	3	expensing	expense	VERB
ftr-433	962	4	of	of	ADP
ftr-433	962	5	investment	investment	NOUN
ftr-433	962	6	in134	in134	PROPN
ftr-433	962	7	excess	excess	NOUN
ftr-433	962	8	of	of	ADP
ftr-433	962	9	the	the	DET
ftr-433	962	10	minimum	minimum	NOUN
ftr-433	962	11	amount	amount	NOUN
ftr-433	962	12	of	of	ADP
ftr-433	962	13	capital	capital	NOUN
ftr-433	962	14	that	that	PRON
ftr-433	962	15	can	can	AUX
ftr-433	962	16	be	be	AUX
ftr-433	962	17	produced	produce	VERB
ftr-433	962	18	from	from	ADP
ftr-433	962	19	current	current	ADJ
ftr-433	962	20	earnings	earning	NOUN
ftr-433	962	21	under	under	ADP
ftr-433	962	22	any	any	DET
ftr-433	962	23	cost	cost	NOUN
ftr-433	962	24	recovery	recovery	NOUN
ftr-433	962	25	method	method	NOUN
ftr-433	962	26	raises	raise	VERB
ftr-433	962	27	a	a	DET
ftr-433	962	28	broad	broad	ADJ
ftr-433	962	29	range	range	NOUN
ftr-433	962	30	of	of	ADP
ftr-433	962	31	capital	capital	NOUN
ftr-433	962	32	formation	formation	NOUN
ftr-433	962	33	and	and	CCONJ
ftr-433	962	34	cost	cost	NOUN
ftr-433	962	35	recovery	recovery	NOUN
ftr-433	962	36	policy	policy	NOUN
ftr-433	962	37	issues	issue	NOUN
ftr-433	962	38	that	that	PRON
ftr-433	962	39	are	be	AUX
ftr-433	962	40	beyond	beyond	ADP
ftr-433	962	41	the	the	DET
ftr-433	962	42	scope	scope	NOUN
ftr-433	962	43	of	of	ADP
ftr-433	962	44	this	this	DET
ftr-433	962	45	article.135	article.135	NOUN
ftr-433	962	46	this	this	DET
ftr-433	962	47	article	article	NOUN
ftr-433	962	48	will	will	AUX
ftr-433	962	49	continue	continue	VERB
ftr-433	962	50	to	to	PART
ftr-433	962	51	examine	examine	VERB
ftr-433	962	52	the	the	DET
ftr-433	962	53	comparative	comparative	ADJ
ftr-433	962	54	effects	effect	NOUN
ftr-433	962	55	of	of	ADP
ftr-433	962	56	rbit	rbit	NOUN
ftr-433	962	57	base	base	NOUN
ftr-433	962	58	cost	cost	NOUN
ftr-433	962	59	recovery	recovery	NOUN
ftr-433	962	60	methods	method	NOUN
ftr-433	962	61	on	on	ADP
ftr-433	962	62	investments	investment	NOUN
ftr-433	962	63	in	in	ADP
ftr-433	962	64	short	short	ADV
ftr-433	962	65	-	-	PUNCT
ftr-433	962	66	lived	live	VERB
ftr-433	962	67	self	self	NOUN
ftr-433	962	68	-	-	PUNCT
ftr-433	962	69	exhausting	exhaust	VERB
ftr-433	962	70	assets	asset	NOUN
ftr-433	962	71	,	,	PUNCT
ftr-433	962	72	with	with	ADP
ftr-433	962	73	the	the	DET
ftr-433	962	74	understanding	understanding	NOUN
ftr-433	962	75	that	that	PRON
ftr-433	962	76	all	all	PRON
ftr-433	962	77	of	of	ADP
ftr-433	962	78	the	the	DET
ftr-433	962	79	investments	investment	NOUN
ftr-433	962	80	analyzed	analyze	VERB
ftr-433	962	81	hereafter	hereafter	ADV
ftr-433	962	82	consist	consist	NOUN
ftr-433	962	83	of	of	ADP
ftr-433	962	84	amounts	amount	NOUN
ftr-433	962	85	that	that	PRON
ftr-433	962	86	fall	fall	VERB
ftr-433	962	87	below	below	ADP
ftr-433	962	88	the	the	DET
ftr-433	962	89	natural	natural	ADJ
ftr-433	962	90	rbit	rbit	NOUN
ftr-433	962	91	base	base	NOUN
ftr-433	962	92	capital	capital	NOUN
ftr-433	962	93	formation	formation	NOUN
ftr-433	962	94	threshold	threshold	NOUN
ftr-433	962	95	.	.	PUNCT
ftr-433	963	1	v.	v.	ADP
ftr-433	963	2	normative	normative	ADJ
ftr-433	963	3	criterion	criterion	NOUN
ftr-433	963	4	#	#	SYM
ftr-433	963	5	1	1	NUM
ftr-433	963	6	:	:	PUNCT
ftr-433	963	7	recovering	recover	VERB
ftr-433	963	8	the	the	DET
ftr-433	963	9	full	full	ADJ
ftr-433	963	10	financial	financial	ADJ
ftr-433	963	11	cost	cost	NOUN
ftr-433	963	12	of	of	ADP
ftr-433	963	13	investment	investment	NOUN
ftr-433	963	14	a.	a.	NOUN
ftr-433	964	1	the	the	DET
ftr-433	964	2	cary	cary	PROPN
ftr-433	964	3	brown	brown	PROPN
ftr-433	964	4	analysis	analysis	NOUN
ftr-433	964	5	expensing	expense	VERB
ftr-433	964	6	as	as	ADP
ftr-433	964	7	a	a	DET
ftr-433	964	8	theoretical	theoretical	ADJ
ftr-433	964	9	yardstick	yardstick	NOUN
ftr-433	964	10	of	of	ADP
ftr-433	964	11	capital	capital	NOUN
ftr-433	964	12	income	income	NOUN
ftr-433	964	13	taxation	taxation	NOUN
ftr-433	964	14	policy	policy	NOUN
ftr-433	964	15	in	in	ADP
ftr-433	964	16	the	the	DET
ftr-433	964	17	u.s	u.s	PROPN
ftr-433	964	18	.	.	PROPN
ftr-433	964	19	began	begin	VERB
ftr-433	964	20	with	with	ADP
ftr-433	964	21	a	a	DET
ftr-433	964	22	now	now	ADV
ftr-433	964	23	-	-	PUNCT
ftr-433	964	24	famous	famous	ADJ
ftr-433	964	25	1948	1948	NUM
ftr-433	964	26	comparative	comparative	ADJ
ftr-433	964	27	analysis	analysis	NOUN
ftr-433	964	28	of	of	ADP
ftr-433	964	29	business	business	NOUN
ftr-433	964	30	asset	asset	NOUN
ftr-433	964	31	income	income	NOUN
ftr-433	964	32	taxation	taxation	NOUN
ftr-433	964	33	by	by	ADP
ftr-433	964	34	e.	e.	PROPN
ftr-433	964	35	cary	cary	PROPN
ftr-433	964	36	brown	brown	PROPN
ftr-433	964	37	.	.	PUNCT
ftr-433	965	1	brown	brown	PROPN
ftr-433	965	2	’s	’s	PART
ftr-433	965	3	article	article	NOUN
ftr-433	965	4	analyzed	analyze	VERB
ftr-433	965	5	the	the	DET
ftr-433	965	6	effect136	effect136	PROPN
ftr-433	965	7	of	of	ADP
ftr-433	965	8	income	income	NOUN
ftr-433	965	9	tax	tax	NOUN
ftr-433	965	10	depreciation	depreciation	NOUN
ftr-433	965	11	or	or	CCONJ
ftr-433	965	12	cost	cost	NOUN
ftr-433	965	13	recovery	recovery	NOUN
ftr-433	965	14	methods	method	NOUN
ftr-433	965	15	on	on	ADP
ftr-433	965	16	the	the	DET
ftr-433	965	17	net	net	ADJ
ftr-433	965	18	cost	cost	NOUN
ftr-433	965	19	of	of	ADP
ftr-433	965	20	investment	investment	NOUN
ftr-433	965	21	for	for	ADP
ftr-433	965	22	the	the	DET
ftr-433	965	23	purpose	purpose	NOUN
ftr-433	965	24	of	of	ADP
ftr-433	965	25	comparing	compare	VERB
ftr-433	965	26	the	the	DET
ftr-433	965	27	value	value	NOUN
ftr-433	965	28	of	of	ADP
ftr-433	965	29	various	various	ADJ
ftr-433	965	30	recovery	recovery	NOUN
ftr-433	965	31	methods	method	NOUN
ftr-433	965	32	as	as	ADP
ftr-433	965	33	investment	investment	NOUN
ftr-433	965	34	incentives	incentive	NOUN
ftr-433	965	35	.	.	PUNCT
ftr-433	966	1	he	he	PRON
ftr-433	966	2	used	use	VERB
ftr-433	966	3	a	a	DET
ftr-433	966	4	cost	cost	NOUN
ftr-433	966	5	vs.	vs.	ADP
ftr-433	966	6	benefit	benefit	NOUN
ftr-433	966	7	analysis	analysis	NOUN
ftr-433	966	8	that	that	PRON
ftr-433	966	9	measured	measure	VERB
ftr-433	966	10	and	and	CCONJ
ftr-433	966	11	ranked	rank	VERB
ftr-433	966	12	recovery	recovery	NOUN
ftr-433	966	13	methods	method	NOUN
ftr-433	966	14	by	by	ADP
ftr-433	966	15	the	the	DET
ftr-433	966	16	excess	excess	NOUN
ftr-433	966	17	of	of	ADP
ftr-433	966	18	the	the	DET
ftr-433	966	19	present	present	ADJ
ftr-433	966	20	value	value	NOUN
ftr-433	966	21	of	of	ADP
ftr-433	966	22	the	the	DET
ftr-433	966	23	cost	cost	NOUN
ftr-433	966	24	of	of	ADP
ftr-433	966	25	depreciable	depreciable	ADJ
ftr-433	966	26	assets	asset	NOUN
ftr-433	966	27	over	over	ADP
ftr-433	966	28	the	the	DET
ftr-433	966	29	present	present	ADJ
ftr-433	966	30	value	value	NOUN
ftr-433	966	31	of	of	ADP
ftr-433	966	32	the	the	DET
ftr-433	966	33	future	future	ADJ
ftr-433	966	34	receipts	receipt	NOUN
ftr-433	966	35	from	from	ADP
ftr-433	966	36	those	those	DET
ftr-433	966	37	assets	asset	NOUN
ftr-433	966	38	.	.	PUNCT
ftr-433	967	1	2002	2002	NUM
ftr-433	967	2	]	]	PUNCT
ftr-433	967	3	normative	normative	ADJ
ftr-433	967	4	capital	capital	NOUN
ftr-433	967	5	cost	cost	NOUN
ftr-433	967	6	recovery	recovery	NOUN
ftr-433	967	7	511	511	NUM
ftr-433	967	8	137	137	NUM
ftr-433	967	9	.	.	PUNCT
ftr-433	968	1	table	table	NOUN
ftr-433	968	2	11	11	NUM
ftr-433	968	3	and	and	CCONJ
ftr-433	968	4	table	table	NOUN
ftr-433	968	5	12	12	NUM
ftr-433	968	6	represent	represent	VERB
ftr-433	968	7	only	only	ADV
ftr-433	968	8	the	the	DET
ftr-433	968	9	items	item	NOUN
ftr-433	968	10	and	and	CCONJ
ftr-433	968	11	amounts	amount	NOUN
ftr-433	968	12	employed	employ	VERB
ftr-433	968	13	in	in	ADP
ftr-433	968	14	brown	brown	PROPN
ftr-433	968	15	’s	’s	PART
ftr-433	968	16	actual	actual	ADJ
ftr-433	968	17	analysis	analysis	NOUN
ftr-433	968	18	and	and	CCONJ
ftr-433	968	19	thus	thus	ADV
ftr-433	968	20	differ	differ	VERB
ftr-433	968	21	from	from	ADP
ftr-433	968	22	the	the	DET
ftr-433	968	23	tables	table	NOUN
ftr-433	968	24	used	use	VERB
ftr-433	968	25	earlier	early	ADV
ftr-433	968	26	in	in	ADP
ftr-433	968	27	this	this	DET
ftr-433	968	28	article	article	NOUN
ftr-433	968	29	.	.	PUNCT
ftr-433	969	1	see	see	VERB
ftr-433	969	2	brown	brown	PROPN
ftr-433	969	3	,	,	PUNCT
ftr-433	969	4	supra	supra	PROPN
ftr-433	969	5	note	note	NOUN
ftr-433	969	6	23	23	NUM
ftr-433	969	7	,	,	PUNCT
ftr-433	969	8	at	at	ADP
ftr-433	969	9	304	304	NUM
ftr-433	969	10	.	.	PUNCT
ftr-433	970	1	138	138	NUM
ftr-433	970	2	.	.	PUNCT
ftr-433	970	3	brown	brown	PROPN
ftr-433	970	4	used	use	VERB
ftr-433	970	5	only	only	ADV
ftr-433	970	6	one	one	NUM
ftr-433	970	7	discount	discount	NOUN
ftr-433	970	8	rate	rate	NOUN
ftr-433	970	9	in	in	ADP
ftr-433	970	10	his	his	PRON
ftr-433	970	11	analysis	analysis	NOUN
ftr-433	970	12	,	,	PUNCT
ftr-433	970	13	which	which	PRON
ftr-433	970	14	is	be	AUX
ftr-433	970	15	treated	treat	VERB
ftr-433	970	16	as	as	ADP
ftr-433	970	17	the	the	DET
ftr-433	970	18	equivalent	equivalent	NOUN
ftr-433	970	19	of	of	ADP
ftr-433	970	20	the	the	DET
ftr-433	970	21	pre	pre	ADJ
ftr-433	970	22	-	-	ADJ
ftr-433	970	23	tax	tax	ADJ
ftr-433	970	24	discount	discount	NOUN
ftr-433	970	25	rate	rate	NOUN
ftr-433	970	26	used	use	VERB
ftr-433	970	27	in	in	ADP
ftr-433	970	28	the	the	DET
ftr-433	970	29	other	other	ADJ
ftr-433	970	30	tables	table	NOUN
ftr-433	970	31	used	use	VERB
ftr-433	970	32	in	in	ADP
ftr-433	970	33	this	this	DET
ftr-433	970	34	article	article	NOUN
ftr-433	970	35	.	.	PUNCT
ftr-433	971	1	brown	brown	PROPN
ftr-433	971	2	justified	justify	VERB
ftr-433	971	3	this	this	DET
ftr-433	971	4	treatment	treatment	NOUN
ftr-433	971	5	by	by	ADP
ftr-433	971	6	assuming	assume	VERB
ftr-433	971	7	that	that	SCONJ
ftr-433	971	8	interest	interest	NOUN
ftr-433	971	9	earnings	earning	NOUN
ftr-433	971	10	were	be	AUX
ftr-433	971	11	nontaxable	nontaxable	ADJ
ftr-433	971	12	and	and	CCONJ
ftr-433	971	13	interest	interest	NOUN
ftr-433	971	14	payments	payment	NOUN
ftr-433	971	15	were	be	AUX
ftr-433	971	16	nondeductible	nondeductible	ADJ
ftr-433	971	17	.	.	PUNCT
ftr-433	972	1	therefore	therefore	ADV
ftr-433	972	2	,	,	PUNCT
ftr-433	972	3	it	it	PRON
ftr-433	972	4	cost	cost	VERB
ftr-433	972	5	the	the	DET
ftr-433	972	6	taxpayer	taxpayer	NOUN
ftr-433	972	7	no	no	ADV
ftr-433	972	8	more	more	ADJ
ftr-433	972	9	to	to	PART
ftr-433	972	10	borrow	borrow	VERB
ftr-433	972	11	after	after	ADP
ftr-433	972	12	tax	tax	NOUN
ftr-433	972	13	than	than	ADP
ftr-433	972	14	before	before	ADV
ftr-433	972	15	,	,	PUNCT
ftr-433	972	16	and	and	CCONJ
ftr-433	972	17	benefitted	benefit	VERB
ftr-433	972	18	the	the	DET
ftr-433	972	19	taxpayer	taxpayer	NOUN
ftr-433	972	20	no	no	ADV
ftr-433	972	21	more	more	ADJ
ftr-433	972	22	to	to	PART
ftr-433	972	23	lend	lend	VERB
ftr-433	972	24	after	after	ADP
ftr-433	972	25	tax	tax	NOUN
ftr-433	972	26	than	than	ADP
ftr-433	972	27	before	before	ADV
ftr-433	972	28	.	.	PUNCT
ftr-433	973	1	this	this	DET
ftr-433	973	2	simplifying	simplify	VERB
ftr-433	973	3	assumption	assumption	NOUN
ftr-433	973	4	eliminates	eliminate	VERB
ftr-433	973	5	the	the	DET
ftr-433	973	6	necessity	necessity	NOUN
ftr-433	973	7	to	to	PART
ftr-433	973	8	use	use	VERB
ftr-433	973	9	different	different	ADJ
ftr-433	973	10	discount	discount	NOUN
ftr-433	973	11	rates	rate	NOUN
ftr-433	973	12	to	to	PART
ftr-433	973	13	measure	measure	VERB
ftr-433	973	14	the	the	DET
ftr-433	973	15	financial	financial	ADJ
ftr-433	973	16	benefit	benefit	NOUN
ftr-433	973	17	or	or	CCONJ
ftr-433	973	18	cost	cost	NOUN
ftr-433	973	19	of	of	ADP
ftr-433	973	20	tax	tax	NOUN
ftr-433	973	21	or	or	CCONJ
ftr-433	973	22	economic	economic	ADJ
ftr-433	973	23	flows	flow	NOUN
ftr-433	973	24	before	before	ADP
ftr-433	973	25	and	and	CCONJ
ftr-433	973	26	after	after	ADP
ftr-433	973	27	tax	tax	NOUN
ftr-433	973	28	.	.	PUNCT
ftr-433	974	1	i	i	PRON
ftr-433	974	2	d.	d.	PROPN
ftr-433	974	3	at	at	ADP
ftr-433	974	4	303	303	NUM
ftr-433	974	5	,	,	PUNCT
ftr-433	974	6	n.4	n.4	PRON
ftr-433	974	7	.	.	PUNCT
ftr-433	975	1	139	139	NUM
ftr-433	975	2	.	.	PUNCT
ftr-433	976	1	for	for	ADP
ftr-433	976	2	a	a	DET
ftr-433	976	3	definition	definition	NOUN
ftr-433	976	4	and	and	CCONJ
ftr-433	976	5	example	example	NOUN
ftr-433	976	6	of	of	ADP
ftr-433	976	7	economic	economic	ADJ
ftr-433	976	8	depreciation	depreciation	NOUN
ftr-433	976	9	,	,	PUNCT
ftr-433	976	10	see	see	VERB
ftr-433	976	11	discussion	discussion	NOUN
ftr-433	976	12	at	at	ADP
ftr-433	976	13	supra	supra	PROPN
ftr-433	976	14	notes	note	NOUN
ftr-433	976	15	24	24	NUM
ftr-433	976	16	-	-	SYM
ftr-433	976	17	37	37	NUM
ftr-433	976	18	and	and	CCONJ
ftr-433	976	19	accompanying	accompany	VERB
ftr-433	976	20	text	text	NOUN
ftr-433	976	21	.	.	PUNCT
ftr-433	977	1	for	for	ADP
ftr-433	977	2	the	the	DET
ftr-433	977	3	present	present	NOUN
ftr-433	977	4	,	,	PUNCT
ftr-433	977	5	it	it	PRON
ftr-433	977	6	should	should	AUX
ftr-433	977	7	be	be	AUX
ftr-433	977	8	noted	note	VERB
ftr-433	977	9	that	that	SCONJ
ftr-433	977	10	the	the	DET
ftr-433	977	11	depreciation	depreciation	NOUN
ftr-433	977	12	of	of	ADP
ftr-433	977	13	a	a	DET
ftr-433	977	14	5	5	NUM
ftr-433	977	15	-	-	PUNCT
ftr-433	977	16	year	year	NOUN
ftr-433	977	17	$	$	SYM
ftr-433	977	18	100	100	NUM
ftr-433	977	19	annual	annual	ADJ
ftr-433	977	20	income	income	NOUN
ftr-433	977	21	stream	stream	NOUN
ftr-433	977	22	at	at	ADP
ftr-433	977	23	$	$	SYM
ftr-433	977	24	80	80	NUM
ftr-433	977	25	per	per	ADP
ftr-433	977	26	year	year	NOUN
ftr-433	977	27	is	be	AUX
ftr-433	977	28	not	not	PART
ftr-433	977	29	economic	economic	ADJ
ftr-433	977	30	specifically	specifically	ADV
ftr-433	977	31	,	,	PUNCT
ftr-433	977	32	brown	brown	ADJ
ftr-433	977	33	analyzed	analyze	VERB
ftr-433	977	34	and	and	CCONJ
ftr-433	977	35	compared	compare	VERB
ftr-433	977	36	the	the	DET
ftr-433	977	37	net	net	ADJ
ftr-433	977	38	“	"	PUNCT
ftr-433	977	39	after	after	ADP
ftr-433	977	40	-	-	PUNCT
ftr-433	977	41	tax	tax	NOUN
ftr-433	977	42	”	"	PUNCT
ftr-433	977	43	cost	cost	NOUN
ftr-433	977	44	of	of	ADP
ftr-433	977	45	investment	investment	NOUN
ftr-433	977	46	(	(	PUNCT
ftr-433	977	47	initial	initial	ADJ
ftr-433	977	48	cost	cost	NOUN
ftr-433	977	49	minus	minus	ADP
ftr-433	977	50	the	the	DET
ftr-433	977	51	present	present	ADJ
ftr-433	977	52	value	value	NOUN
ftr-433	977	53	of	of	ADP
ftr-433	977	54	tax	tax	NOUN
ftr-433	977	55	reduction	reduction	NOUN
ftr-433	977	56	due	due	ADP
ftr-433	977	57	to	to	ADP
ftr-433	977	58	depreciation	depreciation	NOUN
ftr-433	977	59	deductions	deduction	NOUN
ftr-433	977	60	)	)	PUNCT
ftr-433	977	61	with	with	ADP
ftr-433	977	62	the	the	DET
ftr-433	977	63	present	present	ADJ
ftr-433	977	64	value	value	NOUN
ftr-433	977	65	of	of	ADP
ftr-433	977	66	the	the	DET
ftr-433	977	67	net	net	ADJ
ftr-433	977	68	after	after	ADP
ftr-433	977	69	-	-	PUNCT
ftr-433	977	70	tax	tax	NOUN
ftr-433	977	71	yield	yield	NOUN
ftr-433	977	72	from	from	ADP
ftr-433	977	73	that	that	DET
ftr-433	977	74	investment	investment	NOUN
ftr-433	977	75	(	(	PUNCT
ftr-433	977	76	pre	pre	ADJ
ftr-433	977	77	-	-	ADJ
ftr-433	977	78	tax	tax	ADJ
ftr-433	977	79	cash	cash	NOUN
ftr-433	977	80	flow	flow	NOUN
ftr-433	977	81	minus	minus	CCONJ
ftr-433	977	82	tax	tax	NOUN
ftr-433	977	83	)	)	PUNCT
ftr-433	977	84	.	.	PUNCT
ftr-433	978	1	on	on	ADP
ftr-433	978	2	one	one	NUM
ftr-433	978	3	end	end	NOUN
ftr-433	978	4	of	of	ADP
ftr-433	978	5	the	the	DET
ftr-433	978	6	spectrum	spectrum	NOUN
ftr-433	978	7	of	of	ADP
ftr-433	978	8	cost	cost	NOUN
ftr-433	978	9	recovery	recovery	NOUN
ftr-433	978	10	methods	method	NOUN
ftr-433	978	11	,	,	PUNCT
ftr-433	978	12	brown	brown	PROPN
ftr-433	978	13	concluded	conclude	VERB
ftr-433	978	14	that	that	SCONJ
ftr-433	978	15	economically	economically	ADV
ftr-433	978	16	depreciating	depreciate	VERB
ftr-433	978	17	the	the	DET
ftr-433	978	18	cost	cost	NOUN
ftr-433	978	19	of	of	ADP
ftr-433	978	20	an	an	DET
ftr-433	978	21	investment	investment	NOUN
ftr-433	978	22	caused	cause	VERB
ftr-433	978	23	the	the	DET
ftr-433	978	24	net	net	ADJ
ftr-433	978	25	after	after	ADP
ftr-433	978	26	-	-	PUNCT
ftr-433	978	27	tax	tax	NOUN
ftr-433	978	28	cost	cost	NOUN
ftr-433	978	29	of	of	ADP
ftr-433	978	30	making	make	VERB
ftr-433	978	31	such	such	DET
ftr-433	978	32	an	an	DET
ftr-433	978	33	investment	investment	NOUN
ftr-433	978	34	to	to	PART
ftr-433	978	35	exceed	exceed	VERB
ftr-433	978	36	its	its	PRON
ftr-433	978	37	net	net	ADJ
ftr-433	978	38	after	after	ADP
ftr-433	978	39	-	-	PUNCT
ftr-433	978	40	tax	tax	NOUN
ftr-433	978	41	yield	yield	NOUN
ftr-433	978	42	in	in	ADP
ftr-433	978	43	present	present	ADJ
ftr-433	978	44	value	value	NOUN
ftr-433	978	45	terms	term	NOUN
ftr-433	978	46	.	.	PUNCT
ftr-433	979	1	table	table	NOUN
ftr-433	979	2	11	11	NUM
ftr-433	979	3	below	below	ADP
ftr-433	979	4	duplicates	duplicate	NOUN
ftr-433	979	5	brown	brown	ADJ
ftr-433	979	6	’s	’s	PART
ftr-433	979	7	original	original	ADJ
ftr-433	979	8	example	example	NOUN
ftr-433	979	9	of	of	ADP
ftr-433	979	10	economic	economic	ADJ
ftr-433	979	11	depreciation	depreciation	NOUN
ftr-433	979	12	.	.	PUNCT
ftr-433	980	1	in	in	ADP
ftr-433	980	2	table	table	NOUN
ftr-433	980	3	11	11	NUM
ftr-433	980	4	,	,	PUNCT
ftr-433	980	5	g.i	g.i	PROPN
ftr-433	980	6	.	.	PROPN
ftr-433	980	7	represents	represent	VERB
ftr-433	980	8	gross	gross	ADJ
ftr-433	980	9	income	income	NOUN
ftr-433	980	10	;	;	PUNCT
ftr-433	980	11	deprec137	deprec137	PROPN
ftr-433	980	12	represents	represent	VERB
ftr-433	980	13	depreciation	depreciation	NOUN
ftr-433	980	14	;	;	PUNCT
ftr-433	980	15	t.i	t.i	PROPN
ftr-433	980	16	.	.	PROPN
ftr-433	980	17	represents	represent	VERB
ftr-433	980	18	taxable	taxable	ADJ
ftr-433	980	19	income	income	NOUN
ftr-433	980	20	,	,	PUNCT
ftr-433	980	21	atcf	atcf	NOUN
ftr-433	980	22	represents	represent	VERB
ftr-433	980	23	aftertax	aftertax	ADJ
ftr-433	980	24	cash	cash	NOUN
ftr-433	980	25	flow	flow	NOUN
ftr-433	980	26	;	;	PUNCT
ftr-433	980	27	and	and	CCONJ
ftr-433	980	28	pv	pv	NOUN
ftr-433	980	29	represents	represent	VERB
ftr-433	980	30	present	present	ADJ
ftr-433	980	31	value.138	value.138	NOUN
ftr-433	980	32	table	table	NOUN
ftr-433	980	33	11	11	NUM
ftr-433	980	34	:	:	PUNCT
ftr-433	980	35	cary	cary	PROPN
ftr-433	980	36	brown	brown	PROPN
ftr-433	980	37	example	example	NOUN
ftr-433	980	38	of	of	ADP
ftr-433	980	39	economic	economic	ADJ
ftr-433	980	40	depreciation	depreciation	NOUN
ftr-433	980	41	year	year	NOUN
ftr-433	980	42	g.i	g.i	PROPN
ftr-433	980	43	.	.	PROPN
ftr-433	980	44	deprec	deprec	PROPN
ftr-433	980	45	t.i	t.i	PROPN
ftr-433	980	46	.	.	PROPN
ftr-433	980	47	tax	tax	PROPN
ftr-433	980	48	atcf	atcf	NOUN
ftr-433	980	49	1	1	NUM
ftr-433	980	50	100	100	NUM
ftr-433	980	51	80	80	NUM
ftr-433	980	52	20	20	NUM
ftr-433	980	53	10	10	NUM
ftr-433	980	54	90	90	NUM
ftr-433	980	55	2	2	NUM
ftr-433	980	56	100	100	NUM
ftr-433	980	57	80	80	NUM
ftr-433	980	58	20	20	NUM
ftr-433	980	59	10	10	NUM
ftr-433	980	60	90	90	NUM
ftr-433	980	61	3	3	NUM
ftr-433	980	62	100	100	NUM
ftr-433	980	63	80	80	NUM
ftr-433	980	64	20	20	NUM
ftr-433	980	65	10	10	NUM
ftr-433	980	66	90	90	NUM
ftr-433	980	67	4	4	NUM
ftr-433	980	68	100	100	NUM
ftr-433	980	69	80	80	NUM
ftr-433	980	70	20	20	NUM
ftr-433	980	71	10	10	NUM
ftr-433	980	72	90	90	NUM
ftr-433	980	73	5	5	NUM
ftr-433	980	74	100	100	NUM
ftr-433	980	75	80	80	NUM
ftr-433	980	76	20	20	NUM
ftr-433	980	77	10	10	NUM
ftr-433	980	78	90	90	NUM
ftr-433	980	79	tot	tot	NOUN
ftr-433	980	80	500	500	NUM
ftr-433	980	81	400	400	NUM
ftr-433	980	82	100	100	NUM
ftr-433	980	83	50	50	NUM
ftr-433	980	84	450	450	NUM
ftr-433	980	85	pv	pv	NOUN
ftr-433	980	86	400	400	NUM
ftr-433	980	87	320	320	NUM
ftr-433	980	88	80	80	NUM
ftr-433	980	89	40	40	NUM
ftr-433	980	90	360	360	NUM
ftr-433	980	91	brown	brown	NOUN
ftr-433	980	92	used	use	VERB
ftr-433	980	93	the	the	DET
ftr-433	980	94	following	following	ADJ
ftr-433	980	95	basic	basic	ADJ
ftr-433	980	96	analysis	analysis	NOUN
ftr-433	980	97	:	:	PUNCT
ftr-433	980	98	an	an	DET
ftr-433	980	99	asset	asset	NOUN
ftr-433	980	100	that	that	PRON
ftr-433	980	101	cost	cost	VERB
ftr-433	980	102	$	$	SYM
ftr-433	980	103	400	400	NUM
ftr-433	980	104	produces	produce	VERB
ftr-433	980	105	a	a	DET
ftr-433	980	106	5	5	NUM
ftr-433	980	107	-	-	PUNCT
ftr-433	980	108	year	year	NOUN
ftr-433	980	109	income	income	NOUN
ftr-433	980	110	stream	stream	NOUN
ftr-433	980	111	of	of	ADP
ftr-433	980	112	$	$	SYM
ftr-433	980	113	500	500	NUM
ftr-433	980	114	at	at	ADP
ftr-433	980	115	$	$	SYM
ftr-433	980	116	100	100	NUM
ftr-433	980	117	annually	annually	ADV
ftr-433	980	118	.	.	PUNCT
ftr-433	981	1	at	at	ADP
ftr-433	981	2	a	a	DET
ftr-433	981	3	discount	discount	NOUN
ftr-433	981	4	rate	rate	NOUN
ftr-433	981	5	of	of	ADP
ftr-433	981	6	8	8	NUM
ftr-433	981	7	%	%	NOUN
ftr-433	981	8	,	,	PUNCT
ftr-433	981	9	the	the	DET
ftr-433	981	10	present	present	ADJ
ftr-433	981	11	value	value	NOUN
ftr-433	981	12	of	of	ADP
ftr-433	981	13	the	the	DET
ftr-433	981	14	asset	asset	NOUN
ftr-433	981	15	’s	’s	PART
ftr-433	981	16	pre	pre	ADJ
ftr-433	981	17	-	-	ADJ
ftr-433	981	18	tax	tax	ADJ
ftr-433	981	19	yield	yield	NOUN
ftr-433	981	20	(	(	PUNCT
ftr-433	981	21	$	$	SYM
ftr-433	981	22	400	400	NUM
ftr-433	981	23	)	)	PUNCT
ftr-433	981	24	exactly	exactly	ADV
ftr-433	981	25	equals	equal	VERB
ftr-433	981	26	its	its	PRON
ftr-433	981	27	cost	cost	NOUN
ftr-433	981	28	.	.	PUNCT
ftr-433	982	1	assuming	assume	VERB
ftr-433	982	2	a	a	DET
ftr-433	982	3	50	50	NUM
ftr-433	982	4	%	%	NOUN
ftr-433	982	5	tax	tax	NOUN
ftr-433	982	6	is	be	AUX
ftr-433	982	7	imposed	impose	VERB
ftr-433	982	8	,	,	PUNCT
ftr-433	982	9	and	and	CCONJ
ftr-433	982	10	economic	economic	ADJ
ftr-433	982	11	depreciation	depreciation	NOUN
ftr-433	982	12	of	of	ADP
ftr-433	982	13	$	$	SYM
ftr-433	982	14	80	80	NUM
ftr-433	982	15	per	per	ADP
ftr-433	982	16	year	year	NOUN
ftr-433	982	17	is	be	AUX
ftr-433	982	18	allowed	allow	VERB
ftr-433	982	19	in	in	ADP
ftr-433	982	20	computing	compute	VERB
ftr-433	982	21	taxable	taxable	ADJ
ftr-433	982	22	income	income	NOUN
ftr-433	982	23	,	,	PUNCT
ftr-433	982	24	$	$	SYM
ftr-433	982	25	10	10	NUM
ftr-433	982	26	per	per	ADP
ftr-433	982	27	year	year	NOUN
ftr-433	982	28	of	of	ADP
ftr-433	982	29	tax	tax	NOUN
ftr-433	982	30	is	be	AUX
ftr-433	982	31	paid	pay	VERB
ftr-433	982	32	(	(	PUNCT
ftr-433	982	33	50%139	50%139	NUM
ftr-433	982	34	512	512	NUM
ftr-433	982	35	florida	florida	PROPN
ftr-433	982	36	tax	tax	NOUN
ftr-433	982	37	review	review	NOUN
ftr-433	983	1	[	[	X
ftr-433	983	2	vol	vol	NOUN
ftr-433	983	3	.	.	PUNCT
ftr-433	983	4	5:7	5:7	NUM
ftr-433	983	5	depreciation	depreciation	NOUN
ftr-433	983	6	,	,	PUNCT
ftr-433	983	7	but	but	CCONJ
ftr-433	983	8	straight	straight	ADJ
ftr-433	983	9	line	line	NOUN
ftr-433	983	10	.	.	PUNCT
ftr-433	984	1	the	the	DET
ftr-433	984	2	error	error	NOUN
ftr-433	984	3	is	be	AUX
ftr-433	984	4	not	not	PART
ftr-433	984	5	fatal	fatal	ADJ
ftr-433	984	6	to	to	ADP
ftr-433	984	7	an	an	DET
ftr-433	984	8	introduction	introduction	NOUN
ftr-433	984	9	to	to	ADP
ftr-433	984	10	brown	brown	PROPN
ftr-433	984	11	’s	’s	PART
ftr-433	984	12	basic	basic	ADJ
ftr-433	984	13	concept	concept	NOUN
ftr-433	984	14	of	of	ADP
ftr-433	984	15	expensing	expense	VERB
ftr-433	984	16	or	or	CCONJ
ftr-433	984	17	to	to	ADP
ftr-433	984	18	his	his	PRON
ftr-433	984	19	analysis	analysis	NOUN
ftr-433	984	20	.	.	PUNCT
ftr-433	985	1	of	of	ADP
ftr-433	985	2	$	$	SYM
ftr-433	985	3	20	20	NUM
ftr-433	985	4	taxable	taxable	ADJ
ftr-433	985	5	income	income	NOUN
ftr-433	985	6	)	)	PUNCT
ftr-433	985	7	and	and	CCONJ
ftr-433	985	8	the	the	DET
ftr-433	985	9	present	present	ADJ
ftr-433	985	10	value	value	NOUN
ftr-433	985	11	of	of	ADP
ftr-433	985	12	the	the	DET
ftr-433	985	13	asset	asset	NOUN
ftr-433	985	14	’s	’s	PART
ftr-433	985	15	net	net	ADJ
ftr-433	985	16	yield	yield	NOUN
ftr-433	985	17	after	after	ADP
ftr-433	985	18	-	-	PUNCT
ftr-433	985	19	tax	tax	NOUN
ftr-433	985	20	becomes	become	VERB
ftr-433	985	21	$	$	SYM
ftr-433	985	22	360	360	NUM
ftr-433	985	23	(	(	PUNCT
ftr-433	985	24	$	$	SYM
ftr-433	985	25	90	90	NUM
ftr-433	985	26	x	x	SYM
ftr-433	985	27	5	5	NUM
ftr-433	985	28	years	year	NOUN
ftr-433	985	29	discounted	discount	VERB
ftr-433	985	30	at	at	ADP
ftr-433	985	31	8	8	NUM
ftr-433	985	32	%	%	NOUN
ftr-433	985	33	)	)	PUNCT
ftr-433	985	34	.	.	PUNCT
ftr-433	986	1	thus	thus	ADV
ftr-433	986	2	,	,	PUNCT
ftr-433	986	3	the	the	DET
ftr-433	986	4	present	present	ADJ
ftr-433	986	5	value	value	NOUN
ftr-433	986	6	of	of	ADP
ftr-433	986	7	the	the	DET
ftr-433	986	8	cost	cost	NOUN
ftr-433	986	9	of	of	ADP
ftr-433	986	10	the	the	DET
ftr-433	986	11	asset	asset	NOUN
ftr-433	986	12	(	(	PUNCT
ftr-433	986	13	$	$	SYM
ftr-433	986	14	400	400	NUM
ftr-433	986	15	)	)	PUNCT
ftr-433	986	16	exceeds	exceed	VERB
ftr-433	986	17	its	its	PRON
ftr-433	986	18	net	net	ADJ
ftr-433	986	19	yield	yield	NOUN
ftr-433	986	20	after	after	ADP
ftr-433	986	21	tax	tax	NOUN
ftr-433	986	22	by	by	ADP
ftr-433	986	23	$	$	SYM
ftr-433	986	24	40	40	NUM
ftr-433	986	25	.	.	PUNCT
ftr-433	987	1	alternatively	alternatively	ADV
ftr-433	987	2	,	,	PUNCT
ftr-433	987	3	brown	brown	PROPN
ftr-433	987	4	explained	explain	VERB
ftr-433	987	5	this	this	DET
ftr-433	987	6	$	$	SYM
ftr-433	987	7	40	40	NUM
ftr-433	987	8	difference	difference	NOUN
ftr-433	987	9	by	by	ADP
ftr-433	987	10	reducing	reduce	VERB
ftr-433	987	11	the	the	DET
ftr-433	987	12	$	$	SYM
ftr-433	987	13	400	400	NUM
ftr-433	987	14	cost	cost	NOUN
ftr-433	987	15	of	of	ADP
ftr-433	987	16	the	the	DET
ftr-433	987	17	asset	asset	NOUN
ftr-433	987	18	by	by	ADP
ftr-433	987	19	the	the	DET
ftr-433	987	20	present	present	ADJ
ftr-433	987	21	value	value	NOUN
ftr-433	987	22	of	of	ADP
ftr-433	987	23	the	the	DET
ftr-433	987	24	tax	tax	NOUN
ftr-433	987	25	savings	saving	NOUN
ftr-433	987	26	generated	generate	VERB
ftr-433	987	27	by	by	ADP
ftr-433	987	28	the	the	DET
ftr-433	987	29	depreciation	depreciation	NOUN
ftr-433	987	30	deduction	deduction	NOUN
ftr-433	987	31	stream	stream	NOUN
ftr-433	987	32	(	(	PUNCT
ftr-433	987	33	$	$	SYM
ftr-433	987	34	80	80	NUM
ftr-433	987	35	x	x	SYM
ftr-433	987	36	50	50	NUM
ftr-433	987	37	%	%	NOUN
ftr-433	987	38	=	=	NOUN
ftr-433	987	39	$	$	SYM
ftr-433	987	40	40	40	NUM
ftr-433	987	41	x	x	SYM
ftr-433	987	42	5	5	NUM
ftr-433	987	43	years	year	NOUN
ftr-433	987	44	discounted	discount	VERB
ftr-433	987	45	at	at	ADP
ftr-433	987	46	8	8	NUM
ftr-433	987	47	%	%	NOUN
ftr-433	987	48	=	=	NOUN
ftr-433	987	49	$	$	SYM
ftr-433	987	50	160	160	NUM
ftr-433	987	51	)	)	PUNCT
ftr-433	987	52	,	,	PUNCT
ftr-433	987	53	thus	thus	ADV
ftr-433	987	54	arriving	arrive	VERB
ftr-433	987	55	at	at	ADP
ftr-433	987	56	a	a	DET
ftr-433	987	57	net	net	ADJ
ftr-433	987	58	cost	cost	NOUN
ftr-433	987	59	after	after	ADP
ftr-433	987	60	tax	tax	NOUN
ftr-433	987	61	of	of	ADP
ftr-433	987	62	$	$	SYM
ftr-433	987	63	240	240	NUM
ftr-433	987	64	(	(	PUNCT
ftr-433	987	65	$	$	SYM
ftr-433	987	66	400	400	NUM
ftr-433	987	67	$	$	SYM
ftr-433	987	68	160	160	NUM
ftr-433	987	69	)	)	PUNCT
ftr-433	987	70	.	.	PUNCT
ftr-433	988	1	this	this	DET
ftr-433	988	2	net	net	ADJ
ftr-433	988	3	cost	cost	NOUN
ftr-433	988	4	after	after	ADP
ftr-433	988	5	tax	tax	NOUN
ftr-433	988	6	exceeded	exceed	VERB
ftr-433	988	7	the	the	DET
ftr-433	988	8	net	net	ADJ
ftr-433	988	9	yield	yield	NOUN
ftr-433	988	10	after	after	ADP
ftr-433	988	11	tax	tax	NOUN
ftr-433	988	12	,	,	PUNCT
ftr-433	988	13	which	which	PRON
ftr-433	988	14	he	he	PRON
ftr-433	988	15	computed	compute	VERB
ftr-433	988	16	by	by	ADP
ftr-433	988	17	discounting	discount	VERB
ftr-433	988	18	50	50	NUM
ftr-433	988	19	%	%	NOUN
ftr-433	988	20	of	of	ADP
ftr-433	988	21	the	the	DET
ftr-433	988	22	pre	pre	ADJ
ftr-433	988	23	-	-	ADJ
ftr-433	988	24	tax	tax	ADJ
ftr-433	988	25	income	income	NOUN
ftr-433	988	26	stream	stream	NOUN
ftr-433	988	27	at	at	ADP
ftr-433	988	28	8	8	NUM
ftr-433	988	29	%	%	NOUN
ftr-433	988	30	(	(	PUNCT
ftr-433	988	31	$	$	SYM
ftr-433	988	32	100	100	NUM
ftr-433	988	33	x	x	SYM
ftr-433	988	34	50	50	NUM
ftr-433	988	35	%	%	NOUN
ftr-433	988	36	=	=	NOUN
ftr-433	988	37	$	$	SYM
ftr-433	988	38	50	50	NUM
ftr-433	988	39	x	x	SYM
ftr-433	988	40	5	5	NUM
ftr-433	988	41	years	year	NOUN
ftr-433	988	42	discounted	discount	VERB
ftr-433	988	43	at	at	ADP
ftr-433	988	44	8	8	NUM
ftr-433	988	45	%	%	NOUN
ftr-433	988	46	=	=	NOUN
ftr-433	988	47	$	$	SYM
ftr-433	988	48	200	200	NUM
ftr-433	988	49	)	)	PUNCT
ftr-433	988	50	.	.	PUNCT
ftr-433	989	1	again	again	ADV
ftr-433	989	2	the	the	DET
ftr-433	989	3	excess	excess	NOUN
ftr-433	989	4	of	of	ADP
ftr-433	989	5	net	net	ADJ
ftr-433	989	6	after	after	ADP
ftr-433	989	7	-	-	PUNCT
ftr-433	989	8	tax	tax	NOUN
ftr-433	989	9	cost	cost	NOUN
ftr-433	989	10	over	over	ADP
ftr-433	989	11	net	net	ADJ
ftr-433	989	12	after	after	ADP
ftr-433	989	13	-	-	PUNCT
ftr-433	989	14	tax	tax	NOUN
ftr-433	989	15	yield	yield	NOUN
ftr-433	989	16	was	be	AUX
ftr-433	989	17	$	$	SYM
ftr-433	989	18	40	40	NUM
ftr-433	989	19	.	.	PUNCT
ftr-433	990	1	on	on	ADP
ftr-433	990	2	the	the	DET
ftr-433	990	3	other	other	ADJ
ftr-433	990	4	end	end	NOUN
ftr-433	990	5	of	of	ADP
ftr-433	990	6	the	the	DET
ftr-433	990	7	spectrum	spectrum	NOUN
ftr-433	990	8	of	of	ADP
ftr-433	990	9	recovery	recovery	NOUN
ftr-433	990	10	methods	method	NOUN
ftr-433	990	11	,	,	PUNCT
ftr-433	990	12	brown	brown	PROPN
ftr-433	990	13	concluded	conclude	VERB
ftr-433	990	14	that	that	SCONJ
ftr-433	990	15	immediately	immediately	ADV
ftr-433	990	16	expensing	expense	VERB
ftr-433	990	17	the	the	DET
ftr-433	990	18	cost	cost	NOUN
ftr-433	990	19	of	of	ADP
ftr-433	990	20	the	the	DET
ftr-433	990	21	same	same	ADJ
ftr-433	990	22	investment	investment	NOUN
ftr-433	990	23	“	"	PUNCT
ftr-433	990	24	neutralized	neutralize	VERB
ftr-433	990	25	”	"	PUNCT
ftr-433	990	26	the	the	DET
ftr-433	990	27	tax	tax	NOUN
ftr-433	990	28	as	as	ADP
ftr-433	990	29	an	an	DET
ftr-433	990	30	investment	investment	NOUN
ftr-433	990	31	decision	decision	NOUN
ftr-433	990	32	factor	factor	NOUN
ftr-433	990	33	by	by	ADP
ftr-433	990	34	making	make	VERB
ftr-433	990	35	the	the	DET
ftr-433	990	36	present	present	ADJ
ftr-433	990	37	value	value	NOUN
ftr-433	990	38	of	of	ADP
ftr-433	990	39	the	the	DET
ftr-433	990	40	net	net	ADJ
ftr-433	990	41	after	after	ADP
ftr-433	990	42	-	-	PUNCT
ftr-433	990	43	tax	tax	NOUN
ftr-433	990	44	cost	cost	NOUN
ftr-433	990	45	equal	equal	ADJ
ftr-433	990	46	to	to	ADP
ftr-433	990	47	the	the	DET
ftr-433	990	48	present	present	ADJ
ftr-433	990	49	value	value	NOUN
ftr-433	990	50	of	of	ADP
ftr-433	990	51	the	the	DET
ftr-433	990	52	net	net	ADJ
ftr-433	990	53	after	after	ADP
ftr-433	990	54	-	-	PUNCT
ftr-433	990	55	tax	tax	NOUN
ftr-433	990	56	yield	yield	NOUN
ftr-433	990	57	.	.	PUNCT
ftr-433	991	1	table	table	NOUN
ftr-433	991	2	12	12	NUM
ftr-433	991	3	below	below	ADV
ftr-433	991	4	demonstrates	demonstrate	VERB
ftr-433	991	5	the	the	DET
ftr-433	991	6	application	application	NOUN
ftr-433	991	7	of	of	ADP
ftr-433	991	8	expensing	expense	VERB
ftr-433	991	9	to	to	ADP
ftr-433	991	10	the	the	DET
ftr-433	991	11	investment	investment	NOUN
ftr-433	991	12	portrayed	portray	VERB
ftr-433	991	13	in	in	ADP
ftr-433	991	14	table	table	NOUN
ftr-433	991	15	11	11	NUM
ftr-433	991	16	.	.	PUNCT
ftr-433	991	17	year	year	NOUN
ftr-433	991	18	0	0	NUM
ftr-433	991	19	represents	represent	VERB
ftr-433	991	20	time	time	NOUN
ftr-433	991	21	0	0	NUM
ftr-433	991	22	,	,	PUNCT
ftr-433	991	23	the	the	DET
ftr-433	991	24	moment	moment	NOUN
ftr-433	991	25	at	at	ADP
ftr-433	991	26	which	which	PRON
ftr-433	991	27	the	the	DET
ftr-433	991	28	asset	asset	NOUN
ftr-433	991	29	is	be	AUX
ftr-433	991	30	acquired	acquire	VERB
ftr-433	991	31	and	and	CCONJ
ftr-433	991	32	its	its	PRON
ftr-433	991	33	cost	cost	NOUN
ftr-433	991	34	expensed	expense	VERB
ftr-433	991	35	.	.	PUNCT
ftr-433	992	1	time	time	NOUN
ftr-433	992	2	0	0	NUM
ftr-433	992	3	is	be	AUX
ftr-433	992	4	also	also	ADV
ftr-433	992	5	the	the	DET
ftr-433	992	6	point	point	NOUN
ftr-433	992	7	from	from	ADP
ftr-433	992	8	which	which	PRON
ftr-433	992	9	net	net	ADJ
ftr-433	992	10	present	present	ADJ
ftr-433	992	11	value	value	NOUN
ftr-433	992	12	determinations	determination	NOUN
ftr-433	992	13	are	be	AUX
ftr-433	992	14	made	make	VERB
ftr-433	992	15	in	in	ADP
ftr-433	992	16	both	both	DET
ftr-433	992	17	table	table	NOUN
ftr-433	992	18	11	11	NUM
ftr-433	992	19	and	and	CCONJ
ftr-433	992	20	12	12	NUM
ftr-433	992	21	.	.	PUNCT
ftr-433	992	22	table	table	NOUN
ftr-433	992	23	12	12	NUM
ftr-433	992	24	:	:	PUNCT
ftr-433	992	25	cary	cary	PROPN
ftr-433	992	26	brown	brown	PROPN
ftr-433	992	27	example	example	NOUN
ftr-433	992	28	of	of	ADP
ftr-433	992	29	expensing	expense	VERB
ftr-433	992	30	year	year	NOUN
ftr-433	992	31	g.i	g.i	PROPN
ftr-433	992	32	.	.	PROPN
ftr-433	992	33	deprec	deprec	PROPN
ftr-433	992	34	t.i	t.i	PROPN
ftr-433	992	35	.	.	PROPN
ftr-433	992	36	tax	tax	PROPN
ftr-433	992	37	atcf	atcf	NOUN
ftr-433	992	38	1	1	NUM
ftr-433	993	1	100	100	NUM
ftr-433	993	2	400	400	NUM
ftr-433	993	3	-400	-400	NUM
ftr-433	993	4	-200	-200	NUM
ftr-433	993	5	+200	+200	DET
ftr-433	993	6	2	2	NUM
ftr-433	993	7	100	100	NUM
ftr-433	993	8	0	0	NUM
ftr-433	993	9	100	100	NUM
ftr-433	993	10	50	50	NUM
ftr-433	993	11	50	50	NUM
ftr-433	993	12	3	3	NUM
ftr-433	993	13	100	100	NUM
ftr-433	993	14	0	0	NUM
ftr-433	993	15	100	100	NUM
ftr-433	993	16	50	50	NUM
ftr-433	993	17	50	50	NUM
ftr-433	993	18	4	4	NUM
ftr-433	993	19	100	100	NUM
ftr-433	993	20	0	0	NUM
ftr-433	993	21	100	100	NUM
ftr-433	993	22	50	50	NUM
ftr-433	993	23	50	50	NUM
ftr-433	993	24	5	5	NUM
ftr-433	993	25	100	100	NUM
ftr-433	993	26	0	0	NUM
ftr-433	993	27	100	100	NUM
ftr-433	993	28	50	50	NUM
ftr-433	993	29	50	50	NUM
ftr-433	993	30	tot	tot	NOUN
ftr-433	993	31	500	500	NUM
ftr-433	993	32	400	400	NUM
ftr-433	993	33	100	100	NUM
ftr-433	993	34	50	50	NUM
ftr-433	993	35	450	450	NUM
ftr-433	993	36	npv	npv	NOUN
ftr-433	993	37	400	400	NUM
ftr-433	993	38	400	400	NUM
ftr-433	993	39	0	0	NUM
ftr-433	993	40	0	0	NUM
ftr-433	993	41	400	400	NUM
ftr-433	993	42	expensing	expense	VERB
ftr-433	993	43	the	the	DET
ftr-433	993	44	$	$	SYM
ftr-433	993	45	400	400	NUM
ftr-433	993	46	pre	pre	ADJ
ftr-433	993	47	-	-	ADJ
ftr-433	993	48	tax	tax	ADJ
ftr-433	993	49	cost	cost	NOUN
ftr-433	993	50	of	of	ADP
ftr-433	993	51	the	the	DET
ftr-433	993	52	asset	asset	NOUN
ftr-433	993	53	at	at	ADP
ftr-433	993	54	time	time	NOUN
ftr-433	993	55	0	0	NUM
ftr-433	993	56	produces	produce	VERB
ftr-433	993	57	a	a	DET
ftr-433	993	58	$	$	SYM
ftr-433	993	59	200	200	NUM
ftr-433	993	60	negative	negative	ADJ
ftr-433	993	61	tax	tax	NOUN
ftr-433	993	62	,	,	PUNCT
ftr-433	993	63	which	which	PRON
ftr-433	993	64	produces	produce	VERB
ftr-433	993	65	an	an	DET
ftr-433	993	66	after	after	ADP
ftr-433	993	67	-	-	PUNCT
ftr-433	993	68	tax	tax	NOUN
ftr-433	993	69	cash	cash	NOUN
ftr-433	993	70	flow	flow	NOUN
ftr-433	993	71	of	of	ADP
ftr-433	993	72	$	$	SYM
ftr-433	993	73	200	200	NUM
ftr-433	993	74	.	.	PUNCT
ftr-433	994	1	during	during	ADP
ftr-433	994	2	years	year	NOUN
ftr-433	994	3	2	2	NUM
ftr-433	994	4	through	through	ADP
ftr-433	994	5	5	5	NUM
ftr-433	994	6	,	,	PUNCT
ftr-433	994	7	the	the	DET
ftr-433	994	8	$	$	SYM
ftr-433	994	9	100	100	NUM
ftr-433	994	10	annual	annual	ADJ
ftr-433	994	11	yield	yield	NOUN
ftr-433	994	12	is	be	AUX
ftr-433	994	13	taxed	tax	VERB
ftr-433	994	14	at	at	ADP
ftr-433	994	15	the	the	DET
ftr-433	994	16	rate	rate	NOUN
ftr-433	994	17	of	of	ADP
ftr-433	994	18	50	50	NUM
ftr-433	994	19	%	%	NOUN
ftr-433	994	20	,	,	PUNCT
ftr-433	994	21	and	and	CCONJ
ftr-433	994	22	$	$	SYM
ftr-433	994	23	50	50	NUM
ftr-433	994	24	tax	tax	NOUN
ftr-433	994	25	is	be	AUX
ftr-433	994	26	paid	pay	VERB
ftr-433	994	27	annually	annually	ADV
ftr-433	994	28	.	.	PUNCT
ftr-433	995	1	however	however	ADV
ftr-433	995	2	,	,	PUNCT
ftr-433	995	3	the	the	DET
ftr-433	995	4	net	net	ADJ
ftr-433	995	5	present	present	ADJ
ftr-433	995	6	values	value	NOUN
ftr-433	995	7	of	of	ADP
ftr-433	995	8	taxable	taxable	ADJ
ftr-433	995	9	income	income	NOUN
ftr-433	995	10	and	and	CCONJ
ftr-433	995	11	tax	tax	NOUN
ftr-433	995	12	are	be	AUX
ftr-433	995	13	zero	zero	NUM
ftr-433	995	14	,	,	PUNCT
ftr-433	995	15	because	because	SCONJ
ftr-433	995	16	the	the	DET
ftr-433	995	17	positive	positive	ADJ
ftr-433	995	18	and	and	CCONJ
ftr-433	995	19	negative	negative	ADJ
ftr-433	995	20	present	present	ADJ
ftr-433	995	21	values	value	NOUN
ftr-433	995	22	of	of	ADP
ftr-433	995	23	those	those	DET
ftr-433	995	24	items	item	NOUN
ftr-433	995	25	cancel	cancel	VERB
ftr-433	995	26	each	each	DET
ftr-433	995	27	2002	2002	NUM
ftr-433	995	28	]	]	PUNCT
ftr-433	995	29	normative	normative	ADJ
ftr-433	995	30	capital	capital	NOUN
ftr-433	995	31	cost	cost	NOUN
ftr-433	995	32	recovery	recovery	NOUN
ftr-433	995	33	513	513	NUM
ftr-433	995	34	140	140	NUM
ftr-433	995	35	.	.	PUNCT
ftr-433	996	1	in	in	ADP
ftr-433	996	2	each	each	DET
ftr-433	996	3	case	case	NOUN
ftr-433	996	4	,	,	PUNCT
ftr-433	996	5	the	the	DET
ftr-433	996	6	negative	negative	ADJ
ftr-433	996	7	present	present	ADJ
ftr-433	996	8	value	value	NOUN
ftr-433	996	9	of	of	ADP
ftr-433	996	10	the	the	DET
ftr-433	996	11	year	year	NOUN
ftr-433	996	12	1	1	NUM
ftr-433	996	13	amount	amount	NOUN
ftr-433	996	14	is	be	AUX
ftr-433	996	15	exactly	exactly	ADV
ftr-433	996	16	offset	offset	VERB
ftr-433	996	17	by	by	ADP
ftr-433	996	18	an	an	DET
ftr-433	996	19	equal	equal	ADJ
ftr-433	996	20	positive	positive	ADJ
ftr-433	996	21	present	present	ADJ
ftr-433	996	22	value	value	NOUN
ftr-433	996	23	of	of	ADP
ftr-433	996	24	the	the	DET
ftr-433	996	25	year	year	NOUN
ftr-433	996	26	2	2	NUM
ftr-433	996	27	through	through	ADP
ftr-433	996	28	5	5	NUM
ftr-433	996	29	amounts	amount	NOUN
ftr-433	996	30	,	,	PUNCT
ftr-433	996	31	although	although	SCONJ
ftr-433	996	32	the	the	DET
ftr-433	996	33	nominal	nominal	ADJ
ftr-433	996	34	totals	total	NOUN
ftr-433	996	35	of	of	ADP
ftr-433	996	36	the	the	DET
ftr-433	996	37	positive	positive	ADJ
ftr-433	996	38	amounts	amount	NOUN
ftr-433	996	39	for	for	ADP
ftr-433	996	40	those	those	DET
ftr-433	996	41	years	year	NOUN
ftr-433	996	42	exceeds	exceed	VERB
ftr-433	996	43	the	the	DET
ftr-433	996	44	initial	initial	ADJ
ftr-433	996	45	nominal	nominal	ADJ
ftr-433	996	46	negative	negative	ADJ
ftr-433	996	47	amount	amount	NOUN
ftr-433	996	48	.	.	PUNCT
ftr-433	997	1	for	for	ADP
ftr-433	997	2	example	example	NOUN
ftr-433	997	3	,	,	PUNCT
ftr-433	997	4	the	the	DET
ftr-433	997	5	-400	-400	PROPN
ftr-433	997	6	nominal	nominal	ADJ
ftr-433	997	7	taxable	taxable	ADJ
ftr-433	997	8	income	income	NOUN
ftr-433	997	9	in	in	ADP
ftr-433	997	10	year	year	NOUN
ftr-433	997	11	0	0	NUM
ftr-433	997	12	is	be	AUX
ftr-433	997	13	exactly	exactly	ADV
ftr-433	997	14	offset	offset	VERB
ftr-433	997	15	by	by	ADP
ftr-433	997	16	the	the	DET
ftr-433	997	17	400	400	NUM
ftr-433	997	18	present	present	ADJ
ftr-433	997	19	value	value	NOUN
ftr-433	997	20	of	of	ADP
ftr-433	997	21	the	the	DET
ftr-433	997	22	500	500	NUM
ftr-433	997	23	of	of	ADP
ftr-433	997	24	nominal	nominal	ADJ
ftr-433	997	25	positive	positive	ADJ
ftr-433	997	26	taxable	taxable	ADJ
ftr-433	997	27	income	income	NOUN
ftr-433	997	28	in	in	ADP
ftr-433	997	29	years	year	NOUN
ftr-433	997	30	1	1	NUM
ftr-433	997	31	through	through	ADP
ftr-433	997	32	5	5	NUM
ftr-433	997	33	.	.	PUNCT
ftr-433	998	1	this	this	PRON
ftr-433	998	2	explains	explain	VERB
ftr-433	998	3	why	why	SCONJ
ftr-433	998	4	the	the	DET
ftr-433	998	5	net	net	ADJ
ftr-433	998	6	present	present	ADJ
ftr-433	998	7	value	value	NOUN
ftr-433	998	8	of	of	ADP
ftr-433	998	9	taxable	taxable	ADJ
ftr-433	998	10	income	income	NOUN
ftr-433	998	11	is	be	AUX
ftr-433	998	12	zero	zero	NUM
ftr-433	998	13	.	.	PUNCT
ftr-433	999	1	141	141	NUM
ftr-433	999	2	.	.	PUNCT
ftr-433	999	3	brown	brown	ADJ
ftr-433	999	4	,	,	PUNCT
ftr-433	999	5	supra	supra	PROPN
ftr-433	999	6	note	note	NOUN
ftr-433	999	7	23	23	NUM
ftr-433	999	8	,	,	PUNCT
ftr-433	999	9	at	at	ADP
ftr-433	999	10	309	309	NUM
ftr-433	999	11	-	-	SYM
ftr-433	999	12	310	310	NUM
ftr-433	999	13	.	.	NOUN
ftr-433	999	14	142	142	NUM
ftr-433	999	15	.	.	PUNCT
ftr-433	1000	1	theoretically	theoretically	ADV
ftr-433	1000	2	,	,	PUNCT
ftr-433	1000	3	this	this	PRON
ftr-433	1000	4	may	may	AUX
ftr-433	1000	5	stem	stem	VERB
ftr-433	1000	6	from	from	ADP
ftr-433	1000	7	brown	brown	PROPN
ftr-433	1000	8	’s	’s	PART
ftr-433	1000	9	decision	decision	NOUN
ftr-433	1000	10	to	to	PART
ftr-433	1000	11	treat	treat	VERB
ftr-433	1000	12	interest	interest	NOUN
ftr-433	1000	13	income	income	NOUN
ftr-433	1000	14	as	as	ADP
ftr-433	1000	15	nontaxable	nontaxable	ADJ
ftr-433	1000	16	and	and	CCONJ
ftr-433	1000	17	payment	payment	NOUN
ftr-433	1000	18	as	as	ADP
ftr-433	1000	19	nondeductible	nondeductible	ADJ
ftr-433	1000	20	.	.	PUNCT
ftr-433	1001	1	see	see	VERB
ftr-433	1001	2	supra	supra	PROPN
ftr-433	1001	3	note	note	PROPN
ftr-433	1001	4	138	138	NUM
ftr-433	1001	5	.	.	PUNCT
ftr-433	1002	1	this	this	DET
ftr-433	1002	2	convention	convention	NOUN
ftr-433	1002	3	may	may	AUX
ftr-433	1002	4	also	also	ADV
ftr-433	1002	5	be	be	AUX
ftr-433	1002	6	a	a	DET
ftr-433	1002	7	sign	sign	NOUN
ftr-433	1002	8	of	of	ADP
ftr-433	1002	9	the	the	DET
ftr-433	1002	10	undeveloped	undeveloped	ADJ
ftr-433	1002	11	state	state	NOUN
ftr-433	1002	12	of	of	ADP
ftr-433	1002	13	financial	financial	ADJ
ftr-433	1002	14	analysis	analysis	NOUN
ftr-433	1002	15	of	of	ADP
ftr-433	1002	16	recovery	recovery	NOUN
ftr-433	1002	17	methods	method	NOUN
ftr-433	1002	18	at	at	ADP
ftr-433	1002	19	the	the	DET
ftr-433	1002	20	time	time	NOUN
ftr-433	1002	21	.	.	PUNCT
ftr-433	1003	1	143	143	X
ftr-433	1003	2	.	.	PUNCT
ftr-433	1004	1	“	"	PUNCT
ftr-433	1004	2	both	both	DET
ftr-433	1004	3	types	type	NOUN
ftr-433	1004	4	of	of	ADP
ftr-433	1004	5	adjustment	adjustment	NOUN
ftr-433	1004	6	are	be	AUX
ftr-433	1004	7	theoretically	theoretically	ADV
ftr-433	1004	8	necessary	necessary	ADJ
ftr-433	1004	9	,	,	PUNCT
ftr-433	1004	10	and	and	CCONJ
ftr-433	1004	11	they	they	PRON
ftr-433	1004	12	can	can	AUX
ftr-433	1004	13	not	not	PART
ftr-433	1004	14	be	be	AUX
ftr-433	1004	15	viewed	view	VERB
ftr-433	1004	16	as	as	ADP
ftr-433	1004	17	alternatives	alternative	NOUN
ftr-433	1004	18	.	.	PUNCT
ftr-433	1004	19	”	"	PUNCT
ftr-433	1005	1	brown	brown	PROPN
ftr-433	1005	2	,	,	PUNCT
ftr-433	1005	3	supra	supra	PROPN
ftr-433	1005	4	note	note	NOUN
ftr-433	1005	5	136	136	NUM
ftr-433	1005	6	,	,	PUNCT
ftr-433	1005	7	at	at	ADP
ftr-433	1005	8	310	310	NUM
ftr-433	1005	9	.	.	PUNCT
ftr-433	1006	1	other	other	ADJ
ftr-433	1006	2	out	out	ADV
ftr-433	1006	3	.	.	PUNCT
ftr-433	1007	1	this	this	PRON
ftr-433	1007	2	happens	happen	VERB
ftr-433	1007	3	because	because	SCONJ
ftr-433	1007	4	the	the	DET
ftr-433	1007	5	pv	pv	NOUN
ftr-433	1007	6	of	of	ADP
ftr-433	1007	7	the	the	DET
ftr-433	1007	8	depreciation	depreciation	NOUN
ftr-433	1007	9	column	column	NOUN
ftr-433	1007	10	(	(	PUNCT
ftr-433	1007	11	$	$	SYM
ftr-433	1007	12	400)140	400)140	PRON
ftr-433	1007	13	now	now	ADV
ftr-433	1007	14	equals	equal	VERB
ftr-433	1007	15	the	the	DET
ftr-433	1007	16	pv	pv	NOUN
ftr-433	1007	17	of	of	ADP
ftr-433	1007	18	the	the	DET
ftr-433	1007	19	g.i	g.i	PROPN
ftr-433	1007	20	.	.	PROPN
ftr-433	1007	21	column	column	PROPN
ftr-433	1007	22	.	.	PUNCT
ftr-433	1008	1	in	in	ADP
ftr-433	1008	2	addition	addition	NOUN
ftr-433	1008	3	,	,	PUNCT
ftr-433	1008	4	because	because	SCONJ
ftr-433	1008	5	the	the	DET
ftr-433	1008	6	pv	pv	NOUN
ftr-433	1008	7	of	of	ADP
ftr-433	1008	8	tax	tax	NOUN
ftr-433	1008	9	paid	pay	VERB
ftr-433	1008	10	is	be	AUX
ftr-433	1008	11	0	0	NUM
ftr-433	1008	12	,	,	PUNCT
ftr-433	1008	13	the	the	DET
ftr-433	1008	14	pv	pv	NOUN
ftr-433	1008	15	of	of	ADP
ftr-433	1008	16	the	the	DET
ftr-433	1008	17	atcf	atcf	NOUN
ftr-433	1008	18	equals	equal	VERB
ftr-433	1008	19	the	the	DET
ftr-433	1008	20	pv	pv	NOUN
ftr-433	1008	21	of	of	ADP
ftr-433	1008	22	the	the	DET
ftr-433	1008	23	ptcf	ptcf	NOUN
ftr-433	1008	24	.	.	PUNCT
ftr-433	1009	1	using	use	VERB
ftr-433	1009	2	the	the	DET
ftr-433	1009	3	method	method	NOUN
ftr-433	1009	4	of	of	ADP
ftr-433	1009	5	analysis	analysis	NOUN
ftr-433	1009	6	just	just	ADV
ftr-433	1009	7	applied	apply	VERB
ftr-433	1009	8	to	to	ADP
ftr-433	1009	9	economic	economic	ADJ
ftr-433	1009	10	depreciation	depreciation	NOUN
ftr-433	1009	11	,	,	PUNCT
ftr-433	1009	12	the	the	DET
ftr-433	1009	13	$	$	SYM
ftr-433	1009	14	400	400	NUM
ftr-433	1009	15	cost	cost	NOUN
ftr-433	1009	16	of	of	ADP
ftr-433	1009	17	the	the	DET
ftr-433	1009	18	asset	asset	NOUN
ftr-433	1009	19	minus	minus	CCONJ
ftr-433	1009	20	the	the	DET
ftr-433	1009	21	$	$	SYM
ftr-433	1009	22	400	400	NUM
ftr-433	1009	23	present	present	ADJ
ftr-433	1009	24	value	value	NOUN
ftr-433	1009	25	of	of	ADP
ftr-433	1009	26	the	the	DET
ftr-433	1009	27	expensing	expense	VERB
ftr-433	1009	28	recovery	recovery	NOUN
ftr-433	1009	29	deduction	deduction	NOUN
ftr-433	1009	30	yields	yield	VERB
ftr-433	1009	31	the	the	DET
ftr-433	1009	32	same	same	ADJ
ftr-433	1009	33	amount	amount	NOUN
ftr-433	1009	34	as	as	ADP
ftr-433	1009	35	the	the	DET
ftr-433	1009	36	present	present	ADJ
ftr-433	1009	37	net	net	ADJ
ftr-433	1009	38	value	value	NOUN
ftr-433	1009	39	of	of	ADP
ftr-433	1009	40	the	the	DET
ftr-433	1009	41	taxable	taxable	ADJ
ftr-433	1009	42	income	income	NOUN
ftr-433	1009	43	stream	stream	NOUN
ftr-433	1009	44	(	(	PUNCT
ftr-433	1009	45	$	$	SYM
ftr-433	1009	46	0	0	NUM
ftr-433	1009	47	)	)	PUNCT
ftr-433	1009	48	less	less	ADV
ftr-433	1009	49	the	the	DET
ftr-433	1009	50	present	present	ADJ
ftr-433	1009	51	value	value	NOUN
ftr-433	1009	52	of	of	ADP
ftr-433	1009	53	tax	tax	NOUN
ftr-433	1009	54	paid	pay	VERB
ftr-433	1009	55	(	(	PUNCT
ftr-433	1009	56	$	$	SYM
ftr-433	1009	57	0	0	NUM
ftr-433	1009	58	)	)	PUNCT
ftr-433	1009	59	.	.	PUNCT
ftr-433	1010	1	under	under	ADP
ftr-433	1010	2	brown	brown	PROPN
ftr-433	1010	3	’s	’s	PART
ftr-433	1010	4	alternative	alternative	ADJ
ftr-433	1010	5	analysis	analysis	NOUN
ftr-433	1010	6	,	,	PUNCT
ftr-433	1010	7	the	the	DET
ftr-433	1010	8	$	$	SYM
ftr-433	1010	9	400	400	NUM
ftr-433	1010	10	cost	cost	NOUN
ftr-433	1010	11	of	of	ADP
ftr-433	1010	12	the	the	DET
ftr-433	1010	13	asset	asset	NOUN
ftr-433	1010	14	reduced	reduce	VERB
ftr-433	1010	15	by	by	ADP
ftr-433	1010	16	the	the	DET
ftr-433	1010	17	present	present	ADJ
ftr-433	1010	18	value	value	NOUN
ftr-433	1010	19	of	of	ADP
ftr-433	1010	20	the	the	DET
ftr-433	1010	21	tax	tax	NOUN
ftr-433	1010	22	savings	saving	NOUN
ftr-433	1010	23	generated	generate	VERB
ftr-433	1010	24	by	by	ADP
ftr-433	1010	25	the	the	DET
ftr-433	1010	26	depreciation	depreciation	NOUN
ftr-433	1010	27	deduction	deduction	NOUN
ftr-433	1010	28	stream	stream	NOUN
ftr-433	1010	29	(	(	PUNCT
ftr-433	1010	30	$	$	SYM
ftr-433	1010	31	400	400	NUM
ftr-433	1010	32	x	x	SYM
ftr-433	1010	33	50	50	NUM
ftr-433	1010	34	%	%	NOUN
ftr-433	1010	35	=	=	NOUN
ftr-433	1010	36	$	$	SYM
ftr-433	1010	37	200	200	NUM
ftr-433	1010	38	)	)	PUNCT
ftr-433	1010	39	equals	equal	VERB
ftr-433	1010	40	$	$	SYM
ftr-433	1010	41	200	200	NUM
ftr-433	1010	42	,	,	PUNCT
ftr-433	1010	43	which	which	PRON
ftr-433	1010	44	is	be	AUX
ftr-433	1010	45	the	the	DET
ftr-433	1010	46	same	same	ADJ
ftr-433	1010	47	amount	amount	NOUN
ftr-433	1010	48	as	as	ADP
ftr-433	1010	49	the	the	DET
ftr-433	1010	50	net	net	ADJ
ftr-433	1010	51	yield	yield	NOUN
ftr-433	1010	52	after	after	ADP
ftr-433	1010	53	tax	tax	NOUN
ftr-433	1010	54	,	,	PUNCT
ftr-433	1010	55	computed	compute	VERB
ftr-433	1010	56	by	by	ADP
ftr-433	1010	57	discounting	discount	VERB
ftr-433	1010	58	50	50	NUM
ftr-433	1010	59	%	%	NOUN
ftr-433	1010	60	of	of	ADP
ftr-433	1010	61	the	the	DET
ftr-433	1010	62	pre	pre	ADJ
ftr-433	1010	63	-	-	ADJ
ftr-433	1010	64	tax	tax	ADJ
ftr-433	1010	65	income	income	NOUN
ftr-433	1010	66	stream	stream	NOUN
ftr-433	1010	67	by	by	ADP
ftr-433	1010	68	8	8	NUM
ftr-433	1010	69	%	%	NOUN
ftr-433	1010	70	(	(	PUNCT
ftr-433	1010	71	$	$	SYM
ftr-433	1010	72	100	100	NUM
ftr-433	1010	73	x	x	SYM
ftr-433	1010	74	50	50	NUM
ftr-433	1010	75	%	%	NOUN
ftr-433	1010	76	=	=	NOUN
ftr-433	1010	77	$	$	SYM
ftr-433	1010	78	50	50	NUM
ftr-433	1010	79	x	x	SYM
ftr-433	1010	80	5	5	NUM
ftr-433	1010	81	years	year	NOUN
ftr-433	1010	82	discounted	discount	VERB
ftr-433	1010	83	at	at	ADP
ftr-433	1010	84	8	8	NUM
ftr-433	1010	85	%	%	NOUN
ftr-433	1010	86	=	=	NOUN
ftr-433	1010	87	$	$	SYM
ftr-433	1010	88	200	200	NUM
ftr-433	1010	89	)	)	PUNCT
ftr-433	1010	90	.	.	PUNCT
ftr-433	1011	1	as	as	SCONJ
ftr-433	1011	2	brown	brown	ADJ
ftr-433	1011	3	explained	explain	VERB
ftr-433	1011	4	,	,	PUNCT
ftr-433	1011	5	under	under	ADP
ftr-433	1011	6	expensing	expense	VERB
ftr-433	1011	7	the	the	DET
ftr-433	1011	8	present	present	ADJ
ftr-433	1011	9	value	value	NOUN
ftr-433	1011	10	of	of	ADP
ftr-433	1011	11	the	the	DET
ftr-433	1011	12	cost	cost	NOUN
ftr-433	1011	13	of	of	ADP
ftr-433	1011	14	the	the	DET
ftr-433	1011	15	asset	asset	NOUN
ftr-433	1011	16	after	after	SCONJ
ftr-433	1011	17	tax	tax	NOUN
ftr-433	1011	18	no	no	ADV
ftr-433	1011	19	longer	long	ADV
ftr-433	1011	20	exceeds	exceed	VERB
ftr-433	1011	21	the	the	DET
ftr-433	1011	22	present	present	ADJ
ftr-433	1011	23	value	value	NOUN
ftr-433	1011	24	of	of	ADP
ftr-433	1011	25	its	its	PRON
ftr-433	1011	26	cash	cash	NOUN
ftr-433	1011	27	flow	flow	NOUN
ftr-433	1011	28	after	after	ADP
ftr-433	1011	29	tax	tax	NOUN
ftr-433	1011	30	.	.	PUNCT
ftr-433	1012	1	instead	instead	ADV
ftr-433	1012	2	,	,	PUNCT
ftr-433	1012	3	the	the	DET
ftr-433	1012	4	net	net	ADJ
ftr-433	1012	5	present	present	ADJ
ftr-433	1012	6	value	value	NOUN
ftr-433	1012	7	of	of	ADP
ftr-433	1012	8	the	the	DET
ftr-433	1012	9	cost	cost	NOUN
ftr-433	1012	10	of	of	ADP
ftr-433	1012	11	the	the	DET
ftr-433	1012	12	asset	asset	NOUN
ftr-433	1012	13	after	after	ADP
ftr-433	1012	14	-	-	PUNCT
ftr-433	1012	15	tax	tax	NOUN
ftr-433	1012	16	equals	equal	VERB
ftr-433	1012	17	the	the	DET
ftr-433	1012	18	net	net	ADJ
ftr-433	1012	19	present	present	ADJ
ftr-433	1012	20	value	value	NOUN
ftr-433	1012	21	of	of	ADP
ftr-433	1012	22	the	the	DET
ftr-433	1012	23	yield	yield	NOUN
ftr-433	1012	24	from	from	ADP
ftr-433	1012	25	the	the	DET
ftr-433	1012	26	asset	asset	NOUN
ftr-433	1012	27	after	after	ADP
ftr-433	1012	28	tax	tax	NOUN
ftr-433	1012	29	,	,	PUNCT
ftr-433	1012	30	which	which	PRON
ftr-433	1012	31	restores	restore	VERB
ftr-433	1012	32	the	the	DET
ftr-433	1012	33	investment	investment	NOUN
ftr-433	1012	34	to	to	ADP
ftr-433	1012	35	the	the	DET
ftr-433	1012	36	same	same	ADJ
ftr-433	1012	37	financial	financial	ADJ
ftr-433	1012	38	value	value	NOUN
ftr-433	1012	39	that	that	PRON
ftr-433	1012	40	it	it	PRON
ftr-433	1012	41	had	have	VERB
ftr-433	1012	42	before	before	ADP
ftr-433	1012	43	tax	tax	NOUN
ftr-433	1012	44	.	.	PUNCT
ftr-433	1013	1	thus	thus	ADV
ftr-433	1013	2	,	,	PUNCT
ftr-433	1013	3	expensing	expense	VERB
ftr-433	1013	4	,	,	PUNCT
ftr-433	1013	5	according141	according141	PROPN
ftr-433	1013	6	to	to	PART
ftr-433	1013	7	brown	brown	PROPN
ftr-433	1013	8	’s	’s	PART
ftr-433	1013	9	analysis	analysis	NOUN
ftr-433	1013	10	,	,	PUNCT
ftr-433	1013	11	is	be	AUX
ftr-433	1013	12	the	the	DET
ftr-433	1013	13	only	only	ADJ
ftr-433	1013	14	cost	cost	NOUN
ftr-433	1013	15	recovery	recovery	NOUN
ftr-433	1013	16	method	method	NOUN
ftr-433	1013	17	that	that	PRON
ftr-433	1013	18	completely	completely	ADV
ftr-433	1013	19	restores	restore	VERB
ftr-433	1013	20	the	the	DET
ftr-433	1013	21	full	full	ADJ
ftr-433	1013	22	financial	financial	ADJ
ftr-433	1013	23	cost	cost	NOUN
ftr-433	1013	24	of	of	ADP
ftr-433	1013	25	a	a	DET
ftr-433	1013	26	depreciable	depreciable	ADJ
ftr-433	1013	27	investment	investment	NOUN
ftr-433	1013	28	to	to	ADP
ftr-433	1013	29	the	the	DET
ftr-433	1013	30	taxpayer	taxpayer	NOUN
ftr-433	1013	31	.	.	PUNCT
ftr-433	1014	1	in	in	ADP
ftr-433	1014	2	summary	summary	NOUN
ftr-433	1014	3	,	,	PUNCT
ftr-433	1014	4	the	the	DET
ftr-433	1014	5	cary	cary	PROPN
ftr-433	1014	6	brown	brown	PROPN
ftr-433	1014	7	analysis	analysis	NOUN
ftr-433	1014	8	focuses	focus	VERB
ftr-433	1014	9	on	on	ADP
ftr-433	1014	10	the	the	DET
ftr-433	1014	11	net	net	ADJ
ftr-433	1014	12	financial	financial	ADJ
ftr-433	1014	13	cost	cost	NOUN
ftr-433	1014	14	of	of	ADP
ftr-433	1014	15	assets	asset	NOUN
ftr-433	1014	16	relative	relative	ADJ
ftr-433	1014	17	to	to	ADP
ftr-433	1014	18	their	their	PRON
ftr-433	1014	19	net	net	ADJ
ftr-433	1014	20	financial	financial	ADJ
ftr-433	1014	21	return	return	NOUN
ftr-433	1014	22	.	.	PUNCT
ftr-433	1015	1	it	it	PRON
ftr-433	1015	2	deals	deal	VERB
ftr-433	1015	3	with	with	ADP
ftr-433	1015	4	the	the	DET
ftr-433	1015	5	present	present	ADJ
ftr-433	1015	6	values	value	NOUN
ftr-433	1015	7	of	of	ADP
ftr-433	1015	8	cost	cost	NOUN
ftr-433	1015	9	and	and	CCONJ
ftr-433	1015	10	returns	return	NOUN
ftr-433	1015	11	,	,	PUNCT
ftr-433	1015	12	and	and	CCONJ
ftr-433	1015	13	uses	use	VERB
ftr-433	1015	14	pre	pre	ADJ
ftr-433	1015	15	-	-	ADJ
ftr-433	1015	16	tax	tax	ADJ
ftr-433	1015	17	present	present	ADJ
ftr-433	1015	18	values	value	NOUN
ftr-433	1015	19	exclusively	exclusively	ADV
ftr-433	1015	20	.	.	PUNCT
ftr-433	1016	1	it	it	PRON
ftr-433	1016	2	accurately142	accurately142	PROPN
ftr-433	1016	3	predicts	predict	VERB
ftr-433	1016	4	that	that	SCONJ
ftr-433	1016	5	any	any	DET
ftr-433	1016	6	recovery	recovery	NOUN
ftr-433	1016	7	method	method	NOUN
ftr-433	1016	8	slower	slow	ADJ
ftr-433	1016	9	than	than	ADP
ftr-433	1016	10	expensing	expense	VERB
ftr-433	1016	11	fails	fail	NOUN
ftr-433	1016	12	to	to	PART
ftr-433	1016	13	reduce	reduce	VERB
ftr-433	1016	14	the	the	DET
ftr-433	1016	15	cost	cost	NOUN
ftr-433	1016	16	of	of	ADP
ftr-433	1016	17	an	an	DET
ftr-433	1016	18	investment	investment	NOUN
ftr-433	1016	19	proportionately	proportionately	ADV
ftr-433	1016	20	to	to	ADP
ftr-433	1016	21	its	its	PRON
ftr-433	1016	22	yield	yield	NOUN
ftr-433	1016	23	in	in	ADP
ftr-433	1016	24	present	present	ADJ
ftr-433	1016	25	value	value	NOUN
ftr-433	1016	26	terms	term	NOUN
ftr-433	1016	27	.	.	PUNCT
ftr-433	1017	1	only	only	ADV
ftr-433	1017	2	if	if	SCONJ
ftr-433	1017	3	expensing	expense	VERB
ftr-433	1017	4	as	as	ADP
ftr-433	1017	5	a	a	DET
ftr-433	1017	6	recovery	recovery	NOUN
ftr-433	1017	7	method	method	NOUN
ftr-433	1017	8	is	be	AUX
ftr-433	1017	9	coupled	couple	VERB
ftr-433	1017	10	with	with	ADP
ftr-433	1017	11	immediate	immediate	ADJ
ftr-433	1017	12	full	full	ADJ
ftr-433	1017	13	loss	loss	NOUN
ftr-433	1017	14	offsets,143	offsets,143	NOUN
ftr-433	1017	15	can	can	AUX
ftr-433	1017	16	it	it	PRON
ftr-433	1017	17	reduce	reduce	VERB
ftr-433	1017	18	the	the	DET
ftr-433	1017	19	cost	cost	NOUN
ftr-433	1017	20	of	of	ADP
ftr-433	1017	21	an	an	DET
ftr-433	1017	22	investment	investment	NOUN
ftr-433	1017	23	in	in	ADP
ftr-433	1017	24	proportion	proportion	NOUN
ftr-433	1017	25	to	to	ADP
ftr-433	1017	26	the	the	DET
ftr-433	1017	27	tax	tax	NOUN
ftr-433	1017	28	in	in	ADP
ftr-433	1017	29	present	present	ADJ
ftr-433	1017	30	value	value	NOUN
ftr-433	1017	31	terms	term	NOUN
ftr-433	1017	32	and	and	CCONJ
ftr-433	1017	33	therefore	therefore	ADV
ftr-433	1017	34	equalize	equalize	VERB
ftr-433	1017	35	the	the	DET
ftr-433	1017	36	present	present	ADJ
ftr-433	1017	37	values	value	NOUN
ftr-433	1017	38	of	of	ADP
ftr-433	1017	39	the	the	DET
ftr-433	1017	40	investment	investment	NOUN
ftr-433	1017	41	’s	’s	PART
ftr-433	1017	42	after	after	ADP
ftr-433	1017	43	-	-	PUNCT
ftr-433	1017	44	tax	tax	NOUN
ftr-433	1017	45	cost	cost	NOUN
ftr-433	1017	46	and	and	CCONJ
ftr-433	1017	47	its	its	PRON
ftr-433	1017	48	after	after	ADP
ftr-433	1017	49	-	-	PUNCT
ftr-433	1017	50	tax	tax	NOUN
ftr-433	1017	51	yield	yield	NOUN
ftr-433	1017	52	.	.	PUNCT
ftr-433	1018	1	514	514	NUM
ftr-433	1018	2	florida	florida	PROPN
ftr-433	1018	3	tax	tax	NOUN
ftr-433	1018	4	review	review	NOUN
ftr-433	1019	1	[	[	X
ftr-433	1019	2	vol	vol	NOUN
ftr-433	1019	3	.	.	PUNCT
ftr-433	1019	4	5:7	5:7	NUM
ftr-433	1019	5	1144	1144	NUM
ftr-433	1019	6	.	.	PUNCT
ftr-433	1020	1	the	the	DET
ftr-433	1020	2	pre	pre	ADJ
ftr-433	1020	3	-	-	ADJ
ftr-433	1020	4	tax	tax	ADJ
ftr-433	1020	5	present	present	ADJ
ftr-433	1020	6	value	value	NOUN
ftr-433	1020	7	(	(	PUNCT
ftr-433	1020	8	pv	pv	NOUN
ftr-433	1020	9	)	)	PUNCT
ftr-433	1020	10	of	of	ADP
ftr-433	1020	11	the	the	DET
ftr-433	1020	12	pre	pre	ADJ
ftr-433	1020	13	-	-	ADJ
ftr-433	1020	14	tax	tax	ADJ
ftr-433	1020	15	cash	cash	NOUN
ftr-433	1020	16	flow	flow	NOUN
ftr-433	1020	17	in	in	ADP
ftr-433	1020	18	table	table	NOUN
ftr-433	1020	19	1	1	NUM
ftr-433	1020	20	through	through	ADP
ftr-433	1020	21	table	table	NOUN
ftr-433	1020	22	5	5	NUM
ftr-433	1020	23	is	be	AUX
ftr-433	1020	24	consistently	consistently	ADV
ftr-433	1020	25	$	$	SYM
ftr-433	1020	26	100.00	100.00	NUM
ftr-433	1020	27	,	,	PUNCT
ftr-433	1020	28	which	which	PRON
ftr-433	1020	29	equals	equal	VERB
ftr-433	1020	30	the	the	DET
ftr-433	1020	31	cost	cost	NOUN
ftr-433	1020	32	of	of	ADP
ftr-433	1020	33	the	the	DET
ftr-433	1020	34	investment	investment	NOUN
ftr-433	1020	35	.	.	PUNCT
ftr-433	1021	1	2145	2145	NUM
ftr-433	1021	2	.	.	PUNCT
ftr-433	1022	1	this	this	PRON
ftr-433	1022	2	is	be	AUX
ftr-433	1022	3	shown	show	VERB
ftr-433	1022	4	by	by	ADP
ftr-433	1022	5	the	the	DET
ftr-433	1022	6	fact	fact	NOUN
ftr-433	1022	7	that	that	SCONJ
ftr-433	1022	8	the	the	DET
ftr-433	1022	9	net	net	ADJ
ftr-433	1022	10	pv	pv	NOUN
ftr-433	1022	11	of	of	ADP
ftr-433	1022	12	the	the	DET
ftr-433	1022	13	atcf	atcf	NOUN
ftr-433	1022	14	under	under	ADP
ftr-433	1022	15	the	the	DET
ftr-433	1022	16	economic	economic	ADJ
ftr-433	1022	17	cost	cost	NOUN
ftr-433	1022	18	recovery	recovery	NOUN
ftr-433	1022	19	method	method	NOUN
ftr-433	1022	20	in	in	ADP
ftr-433	1022	21	table	table	NOUN
ftr-433	1022	22	13	13	NUM
ftr-433	1022	23	equals	equal	VERB
ftr-433	1022	24	$	$	SYM
ftr-433	1022	25	0.00	0.00	NUM
ftr-433	1022	26	.	.	PUNCT
ftr-433	1023	1	also	also	ADV
ftr-433	1023	2	note	note	VERB
ftr-433	1023	3	that	that	SCONJ
ftr-433	1023	4	in	in	ADP
ftr-433	1023	5	table	table	NOUN
ftr-433	1023	6	1	1	NUM
ftr-433	1023	7	,	,	PUNCT
ftr-433	1023	8	1which	1which	NUM
ftr-433	1023	9	portrays	portray	VERB
ftr-433	1023	10	economic	economic	ADJ
ftr-433	1023	11	cost	cost	NOUN
ftr-433	1023	12	recovery	recovery	NOUN
ftr-433	1023	13	,	,	PUNCT
ftr-433	1023	14	the	the	DET
ftr-433	1023	15	slowest	slow	ADJ
ftr-433	1023	16	of	of	ADP
ftr-433	1023	17	the	the	DET
ftr-433	1023	18	recovery	recovery	NOUN
ftr-433	1023	19	methods	method	NOUN
ftr-433	1023	20	,	,	PUNCT
ftr-433	1023	21	the	the	DET
ftr-433	1023	22	pv	pv	NOUN
ftr-433	1023	23	2of	2of	NOUN
ftr-433	1023	24	the	the	DET
ftr-433	1023	25	pre	pre	ADJ
ftr-433	1023	26	-	-	ADJ
ftr-433	1023	27	tax	tax	ADJ
ftr-433	1023	28	cash	cash	NOUN
ftr-433	1023	29	flow	flow	NOUN
ftr-433	1023	30	and	and	CCONJ
ftr-433	1023	31	the	the	DET
ftr-433	1023	32	pv	pv	NOUN
ftr-433	1023	33	of	of	ADP
ftr-433	1023	34	the	the	DET
ftr-433	1023	35	after	after	ADP
ftr-433	1023	36	-	-	PUNCT
ftr-433	1023	37	tax	tax	NOUN
ftr-433	1023	38	cash	cash	NOUN
ftr-433	1023	39	flow	flow	NOUN
ftr-433	1023	40	both	both	CCONJ
ftr-433	1023	41	equal	equal	ADJ
ftr-433	1023	42	$	$	SYM
ftr-433	1023	43	100	100	NUM
ftr-433	1023	44	,	,	PUNCT
ftr-433	1023	45	which	which	PRON
ftr-433	1023	46	is	be	AUX
ftr-433	1023	47	the	the	DET
ftr-433	1023	48	cost	cost	NOUN
ftr-433	1023	49	of	of	ADP
ftr-433	1023	50	the	the	DET
ftr-433	1023	51	asset	asset	NOUN
ftr-433	1023	52	.	.	PUNCT
ftr-433	1024	1	b.	b.	PROPN
ftr-433	1025	1	a	a	DET
ftr-433	1025	2	modern	modern	ADJ
ftr-433	1025	3	analysis	analysis	NOUN
ftr-433	1025	4	of	of	ADP
ftr-433	1025	5	net	net	ADJ
ftr-433	1025	6	financial	financial	ADJ
ftr-433	1025	7	cost	cost	NOUN
ftr-433	1025	8	modern	modern	ADJ
ftr-433	1025	9	comparative	comparative	ADJ
ftr-433	1025	10	financial	financial	ADJ
ftr-433	1025	11	analysis	analysis	NOUN
ftr-433	1025	12	focuses	focus	VERB
ftr-433	1025	13	on	on	ADP
ftr-433	1025	14	the	the	DET
ftr-433	1025	15	same	same	ADJ
ftr-433	1025	16	issues	issue	NOUN
ftr-433	1025	17	but	but	CCONJ
ftr-433	1025	18	provides	provide	VERB
ftr-433	1025	19	fuller	full	ADJ
ftr-433	1025	20	insights	insight	NOUN
ftr-433	1025	21	than	than	ADP
ftr-433	1025	22	brown	brown	ADJ
ftr-433	1025	23	’s	’s	PART
ftr-433	1025	24	analysis	analysis	NOUN
ftr-433	1025	25	.	.	PUNCT
ftr-433	1026	1	for	for	ADP
ftr-433	1026	2	example	example	NOUN
ftr-433	1026	3	,	,	PUNCT
ftr-433	1026	4	the	the	DET
ftr-433	1026	5	information	information	NOUN
ftr-433	1026	6	provided	provide	VERB
ftr-433	1026	7	earlier	early	ADV
ftr-433	1026	8	by	by	ADP
ftr-433	1026	9	table	table	NOUN
ftr-433	1026	10	1	1	NUM
ftr-433	1026	11	through	through	ADP
ftr-433	1026	12	table	table	NOUN
ftr-433	1026	13	5	5	NUM
ftr-433	1026	14	can	can	AUX
ftr-433	1026	15	be	be	AUX
ftr-433	1026	16	used	use	VERB
ftr-433	1026	17	to	to	PART
ftr-433	1026	18	compute	compute	VERB
ftr-433	1026	19	the	the	DET
ftr-433	1026	20	“	"	PUNCT
ftr-433	1026	21	net	net	ADJ
ftr-433	1026	22	financial	financial	ADJ
ftr-433	1026	23	tax	tax	NOUN
ftr-433	1026	24	cost	cost	NOUN
ftr-433	1026	25	”	"	PUNCT
ftr-433	1026	26	imposed	impose	VERB
ftr-433	1026	27	on	on	ADP
ftr-433	1026	28	the	the	DET
ftr-433	1026	29	break	break	NOUN
ftr-433	1026	30	-	-	PUNCT
ftr-433	1026	31	even	even	ADV
ftr-433	1026	32	transactions	transaction	NOUN
ftr-433	1026	33	therein	therein	ADV
ftr-433	1026	34	under	under	ADP
ftr-433	1026	35	various	various	ADJ
ftr-433	1026	36	cost	cost	NOUN
ftr-433	1026	37	recovery	recovery	NOUN
ftr-433	1026	38	regimes	regime	NOUN
ftr-433	1026	39	within	within	ADP
ftr-433	1026	40	a	a	DET
ftr-433	1026	41	rbit	rbit	NOUN
ftr-433	1026	42	base	base	NOUN
ftr-433	1026	43	.	.	PUNCT
ftr-433	1027	1	in	in	ADP
ftr-433	1027	2	order	order	NOUN
ftr-433	1027	3	to	to	PART
ftr-433	1027	4	do	do	AUX
ftr-433	1027	5	this	this	PRON
ftr-433	1027	6	,	,	PUNCT
ftr-433	1027	7	the	the	DET
ftr-433	1027	8	after	after	ADP
ftr-433	1027	9	-	-	PUNCT
ftr-433	1027	10	tax	tax	NOUN
ftr-433	1027	11	2present	2present	NUM
ftr-433	1027	12	value	value	NOUN
ftr-433	1027	13	of	of	ADP
ftr-433	1027	14	the	the	DET
ftr-433	1027	15	after	after	ADP
ftr-433	1027	16	-	-	PUNCT
ftr-433	1027	17	tax	tax	NOUN
ftr-433	1027	18	cash	cash	NOUN
ftr-433	1027	19	flow	flow	NOUN
ftr-433	1027	20	(	(	PUNCT
ftr-433	1027	21	pv	pv	NOUN
ftr-433	1027	22	atcf	atcf	NOUN
ftr-433	1027	23	)	)	PUNCT
ftr-433	1027	24	is	be	AUX
ftr-433	1027	25	simply	simply	ADV
ftr-433	1027	26	subtracted	subtract	VERB
ftr-433	1027	27	from	from	ADP
ftr-433	1027	28	the	the	DET
ftr-433	1027	29	after	after	ADP
ftr-433	1027	30	-	-	PUNCT
ftr-433	1027	31	tax	tax	NOUN
ftr-433	1027	32	present	present	ADJ
ftr-433	1027	33	value	value	NOUN
ftr-433	1027	34	of	of	ADP
ftr-433	1027	35	the	the	DET
ftr-433	1027	36	tax	tax	NOUN
ftr-433	1027	37	paid	pay	VERB
ftr-433	1027	38	on	on	ADP
ftr-433	1027	39	the	the	DET
ftr-433	1027	40	income	income	NOUN
ftr-433	1027	41	produced	produce	VERB
ftr-433	1027	42	by	by	ADP
ftr-433	1027	43	the	the	DET
ftr-433	1027	44	2transaction	2transaction	PROPN
ftr-433	1027	45	(	(	PUNCT
ftr-433	1027	46	pv	pv	NOUN
ftr-433	1027	47	tax	tax	NOUN
ftr-433	1027	48	)	)	PUNCT
ftr-433	1027	49	.	.	PUNCT
ftr-433	1028	1	the	the	DET
ftr-433	1028	2	resulting	result	VERB
ftr-433	1028	3	amount	amount	NOUN
ftr-433	1028	4	simply	simply	ADV
ftr-433	1028	5	isolates	isolate	VERB
ftr-433	1028	6	the	the	DET
ftr-433	1028	7	net	net	ADJ
ftr-433	1028	8	after	after	ADP
ftr-433	1028	9	-	-	PUNCT
ftr-433	1028	10	tax	tax	NOUN
ftr-433	1028	11	present	present	ADJ
ftr-433	1028	12	value	value	NOUN
ftr-433	1028	13	of	of	ADP
ftr-433	1028	14	the	the	DET
ftr-433	1028	15	transaction	transaction	NOUN
ftr-433	1028	16	in	in	ADP
ftr-433	1028	17	question	question	NOUN
ftr-433	1028	18	under	under	ADP
ftr-433	1028	19	various	various	ADJ
ftr-433	1028	20	recovery	recovery	NOUN
ftr-433	1028	21	methods	method	NOUN
ftr-433	1028	22	,	,	PUNCT
ftr-433	1028	23	including	include	VERB
ftr-433	1028	24	expensing	expense	VERB
ftr-433	1028	25	.	.	PUNCT
ftr-433	1028	26	table	table	NOUN
ftr-433	1028	27	13	13	NUM
ftr-433	1028	28	below	below	ADV
ftr-433	1028	29	correlates	correlate	VERB
ftr-433	1028	30	these	these	DET
ftr-433	1028	31	recovery	recovery	NOUN
ftr-433	1028	32	methods	method	NOUN
ftr-433	1028	33	with	with	ADP
ftr-433	1028	34	their	their	PRON
ftr-433	1028	35	corresponding	corresponding	ADJ
ftr-433	1028	36	net	net	ADJ
ftr-433	1028	37	financial	financial	ADJ
ftr-433	1028	38	tax	tax	NOUN
ftr-433	1028	39	cost	cost	NOUN
ftr-433	1028	40	.	.	PUNCT
ftr-433	1029	1	table	table	NOUN
ftr-433	1029	2	13	13	NUM
ftr-433	1029	3	:	:	PUNCT
ftr-433	1029	4	net	net	ADJ
ftr-433	1029	5	financial	financial	ADJ
ftr-433	1029	6	tax	tax	NOUN
ftr-433	1029	7	cost	cost	NOUN
ftr-433	1029	8	under	under	ADP
ftr-433	1029	9	various	various	ADJ
ftr-433	1029	10	recovery	recovery	NOUN
ftr-433	1029	11	methods	method	NOUN
ftr-433	1029	12	2	2	NUM
ftr-433	1029	13	2rcvry	2rcvry	NUM
ftr-433	1029	14	m	m	NOUN
ftr-433	1029	15	eth	eth	ADJ
ftr-433	1029	16	pv	pv	NOUN
ftr-433	1029	17	tax	tax	NOUN
ftr-433	1029	18	paid	pay	VERB
ftr-433	1029	19	net	net	ADJ
ftr-433	1029	20	pv	pv	PROPN
ftr-433	1029	21	atcf	atcf	NOUN
ftr-433	1029	22	net	net	ADJ
ftr-433	1029	23	final	final	ADJ
ftr-433	1029	24	tax	tax	NOUN
ftr-433	1029	25	cost	cost	NOUN
ftr-433	1029	26	1	1	NUM
ftr-433	1029	27	-	-	NUM
ftr-433	1029	28	economic	economic	ADJ
ftr-433	1029	29	11.86	11.86	NUM
ftr-433	1029	30	0.00	0.00	NUM
ftr-433	1029	31	11.86	11.86	NUM
ftr-433	1029	32	2	2	NUM
ftr-433	1029	33	-	-	PUNCT
ftr-433	1029	34	acrs	acrs	NOUN
ftr-433	1029	35	10.80	10.80	NUM
ftr-433	1029	36	1.04	1.04	NUM
ftr-433	1029	37	9.76	9.76	NUM
ftr-433	1029	38	3	3	NUM
ftr-433	1029	39	-	-	PUNCT
ftr-433	1029	40	m	m	NOUN
ftr-433	1029	41	acrs	acr	NOUN
ftr-433	1029	42	10.46	10.46	NUM
ftr-433	1029	43	1.41	1.41	NUM
ftr-433	1029	44	9.05	9.05	NUM
ftr-433	1029	45	4	4	NUM
ftr-433	1029	46	-	-	PUNCT
ftr-433	1029	47	end	end	NOUN
ftr-433	1029	48	yr	yr	NOUN
ftr-433	1029	49	exp	exp	NOUN
ftr-433	1029	50	8.33	8.33	NUM
ftr-433	1029	51	3.57	3.57	NUM
ftr-433	1029	52	4.76	4.76	NUM
ftr-433	1029	53	5	5	NUM
ftr-433	1029	54	-	-	PUNCT
ftr-433	1029	55	theory	theory	NOUN
ftr-433	1029	56	exp	exp	NOUN
ftr-433	1029	57	5.93	5.93	NUM
ftr-433	1029	58	5.93	5.93	NUM
ftr-433	1029	59	0.00	0.00	NUM
ftr-433	1029	60	the	the	DET
ftr-433	1029	61	analysis	analysis	NOUN
ftr-433	1029	62	in	in	ADP
ftr-433	1029	63	table	table	NOUN
ftr-433	1029	64	13	13	NUM
ftr-433	1029	65	is	be	AUX
ftr-433	1029	66	similar	similar	ADJ
ftr-433	1029	67	to	to	ADP
ftr-433	1029	68	the	the	DET
ftr-433	1029	69	cary	cary	PROPN
ftr-433	1029	70	brown	brown	PROPN
ftr-433	1029	71	financial	financial	ADJ
ftr-433	1029	72	cost	cost	NOUN
ftr-433	1029	73	analysis	analysis	NOUN
ftr-433	1029	74	,	,	PUNCT
ftr-433	1029	75	but	but	CCONJ
ftr-433	1029	76	it	it	PRON
ftr-433	1029	77	is	be	AUX
ftr-433	1029	78	more	more	ADV
ftr-433	1029	79	accurate	accurate	ADJ
ftr-433	1029	80	because	because	SCONJ
ftr-433	1029	81	it	it	PRON
ftr-433	1029	82	uses	use	VERB
ftr-433	1029	83	after	after	ADP
ftr-433	1029	84	-	-	PUNCT
ftr-433	1029	85	tax	tax	NOUN
ftr-433	1029	86	discount	discount	NOUN
ftr-433	1029	87	rates	rate	NOUN
ftr-433	1029	88	in	in	ADP
ftr-433	1029	89	its	its	PRON
ftr-433	1029	90	computations	computation	NOUN
ftr-433	1029	91	.	.	PUNCT
ftr-433	1030	1	all	all	PRON
ftr-433	1030	2	of	of	ADP
ftr-433	1030	3	the	the	DET
ftr-433	1030	4	investments	investment	NOUN
ftr-433	1030	5	break	break	VERB
ftr-433	1030	6	even	even	ADV
ftr-433	1030	7	financially	financially	ADV
ftr-433	1030	8	before	before	ADP
ftr-433	1030	9	tax	tax	NOUN
ftr-433	1030	10	,	,	PUNCT
ftr-433	1030	11	and144	and144	PROPN
ftr-433	1030	12	even	even	ADV
ftr-433	1030	13	the	the	DET
ftr-433	1030	14	slowest	slow	ADJ
ftr-433	1030	15	recovery	recovery	NOUN
ftr-433	1030	16	method	method	NOUN
ftr-433	1030	17	,	,	PUNCT
ftr-433	1030	18	economic	economic	ADJ
ftr-433	1030	19	depreciation	depreciation	NOUN
ftr-433	1030	20	,	,	PUNCT
ftr-433	1030	21	causes	cause	VERB
ftr-433	1030	22	the	the	DET
ftr-433	1030	23	transaction	transaction	NOUN
ftr-433	1030	24	to	to	PART
ftr-433	1030	25	break	break	VERB
ftr-433	1030	26	even	even	ADV
ftr-433	1030	27	financially	financially	ADV
ftr-433	1030	28	after	after	ADP
ftr-433	1030	29	tax	tax	NOUN
ftr-433	1030	30	as	as	ADV
ftr-433	1030	31	well	well	ADV
ftr-433	1030	32	.	.	PUNCT
ftr-433	1031	1	however	however	ADV
ftr-433	1031	2	,	,	PUNCT
ftr-433	1031	3	each	each	PRON
ftr-433	1031	4	of	of	ADP
ftr-433	1031	5	the145	the145	PROPN
ftr-433	1031	6	accelerated	accelerate	VERB
ftr-433	1031	7	recovery	recovery	NOUN
ftr-433	1031	8	methods	method	NOUN
ftr-433	1031	9	does	do	AUX
ftr-433	1031	10	better	well	ADV
ftr-433	1031	11	than	than	SCONJ
ftr-433	1031	12	break	break	VERB
ftr-433	1031	13	even	even	ADV
ftr-433	1031	14	financially	financially	ADV
ftr-433	1031	15	after	after	ADP
ftr-433	1031	16	-	-	PUNCT
ftr-433	1031	17	tax	tax	NOUN
ftr-433	1031	18	2as	2as	NOUN
ftr-433	1031	19	shown	show	VERB
ftr-433	1031	20	by	by	ADP
ftr-433	1031	21	the	the	DET
ftr-433	1031	22	net	net	ADJ
ftr-433	1031	23	pv	pv	PROPN
ftr-433	1031	24	atcf	atcf	PROPN
ftr-433	1031	25	column	column	PROPN
ftr-433	1031	26	,	,	PUNCT
ftr-433	1031	27	which	which	PRON
ftr-433	1031	28	progresses	progress	VERB
ftr-433	1031	29	from	from	ADP
ftr-433	1031	30	$	$	SYM
ftr-433	1031	31	0.00	0.00	NUM
ftr-433	1031	32	to	to	ADP
ftr-433	1031	33	$	$	SYM
ftr-433	1031	34	5.93	5.93	NUM
ftr-433	1031	35	.	.	PUNCT
ftr-433	1032	1	as	as	ADP
ftr-433	1032	2	a	a	DET
ftr-433	1032	3	result	result	NOUN
ftr-433	1032	4	,	,	PUNCT
ftr-433	1032	5	the	the	DET
ftr-433	1032	6	net	net	ADJ
ftr-433	1032	7	financial	financial	ADJ
ftr-433	1032	8	tax	tax	NOUN
ftr-433	1032	9	cost	cost	NOUN
ftr-433	1032	10	is	be	AUX
ftr-433	1032	11	reduced	reduce	VERB
ftr-433	1032	12	from	from	ADP
ftr-433	1032	13	$	$	SYM
ftr-433	1032	14	11.86	11.86	NUM
ftr-433	1032	15	to	to	PART
ftr-433	1032	16	$	$	SYM
ftr-433	1032	17	0.00	0.00	NUM
ftr-433	1032	18	.	.	PUNCT
ftr-433	1033	1	under	under	ADP
ftr-433	1033	2	2expensing	2expensing	NUM
ftr-433	1033	3	the	the	DET
ftr-433	1033	4	net	net	ADJ
ftr-433	1033	5	after	after	ADP
ftr-433	1033	6	-	-	PUNCT
ftr-433	1033	7	tax	tax	NOUN
ftr-433	1033	8	financial	financial	ADJ
ftr-433	1033	9	gain	gain	NOUN
ftr-433	1033	10	in	in	ADP
ftr-433	1033	11	the	the	DET
ftr-433	1033	12	form	form	NOUN
ftr-433	1033	13	of	of	ADP
ftr-433	1033	14	the	the	DET
ftr-433	1033	15	pv	pv	NOUN
ftr-433	1033	16	of	of	ADP
ftr-433	1033	17	the	the	DET
ftr-433	1033	18	atcf	atcf	NOUN
ftr-433	1033	19	2($5.93	2($5.93	NUM
ftr-433	1033	20	)	)	PUNCT
ftr-433	1033	21	is	be	AUX
ftr-433	1033	22	enough	enough	ADJ
ftr-433	1033	23	to	to	PART
ftr-433	1033	24	exactly	exactly	ADV
ftr-433	1033	25	offset	offset	VERB
ftr-433	1033	26	the	the	DET
ftr-433	1033	27	financial	financial	ADJ
ftr-433	1033	28	burden	burden	NOUN
ftr-433	1033	29	of	of	ADP
ftr-433	1033	30	the	the	DET
ftr-433	1033	31	pv	pv	NOUN
ftr-433	1033	32	of	of	ADP
ftr-433	1033	33	the	the	DET
ftr-433	1033	34	tax	tax	NOUN
ftr-433	1033	35	paid	pay	VERB
ftr-433	1033	36	(	(	PUNCT
ftr-433	1033	37	$	$	SYM
ftr-433	1033	38	5.93	5.93	NUM
ftr-433	1033	39	)	)	PUNCT
ftr-433	1033	40	,	,	PUNCT
ftr-433	1033	41	creating	create	VERB
ftr-433	1033	42	a	a	DET
ftr-433	1033	43	net	net	ADJ
ftr-433	1033	44	financial	financial	ADJ
ftr-433	1033	45	tax	tax	NOUN
ftr-433	1033	46	cost	cost	NOUN
ftr-433	1033	47	of	of	ADP
ftr-433	1033	48	zero	zero	NUM
ftr-433	1033	49	.	.	PUNCT
ftr-433	1034	1	2002	2002	NUM
ftr-433	1034	2	]	]	PUNCT
ftr-433	1034	3	normative	normative	ADJ
ftr-433	1034	4	capital	capital	NOUN
ftr-433	1034	5	cost	cost	NOUN
ftr-433	1034	6	recovery	recovery	NOUN
ftr-433	1034	7	515	515	NUM
ftr-433	1034	8	146	146	NUM
ftr-433	1034	9	.	.	PUNCT
ftr-433	1035	1	in	in	ADP
ftr-433	1035	2	table	table	NOUN
ftr-433	1035	3	1	1	NUM
ftr-433	1035	4	through	through	ADP
ftr-433	1035	5	table	table	NOUN
ftr-433	1035	6	5	5	NUM
ftr-433	1035	7	,	,	PUNCT
ftr-433	1035	8	all	all	PRON
ftr-433	1035	9	of	of	ADP
ftr-433	1035	10	which	which	PRON
ftr-433	1035	11	portray	portray	VERB
ftr-433	1035	12	$	$	SYM
ftr-433	1035	13	100.00	100.00	NUM
ftr-433	1035	14	investments	investment	NOUN
ftr-433	1035	15	in	in	ADP
ftr-433	1035	16	depreciable	depreciable	ADJ
ftr-433	1035	17	assets	asset	NOUN
ftr-433	1035	18	,	,	PUNCT
ftr-433	1035	19	total	total	ADJ
ftr-433	1035	20	gross	gross	ADJ
ftr-433	1035	21	income	income	NOUN
ftr-433	1035	22	,	,	PUNCT
ftr-433	1035	23	taxable	taxable	ADJ
ftr-433	1035	24	income	income	NOUN
ftr-433	1035	25	,	,	PUNCT
ftr-433	1035	26	tax	tax	NOUN
ftr-433	1035	27	paid	pay	VERB
ftr-433	1035	28	,	,	PUNCT
ftr-433	1035	29	and	and	CCONJ
ftr-433	1035	30	after	after	ADP
ftr-433	1035	31	-	-	PUNCT
ftr-433	1035	32	tax	tax	NOUN
ftr-433	1035	33	cash	cash	NOUN
ftr-433	1035	34	flow	flow	NOUN
ftr-433	1035	35	are	be	AUX
ftr-433	1035	36	consistently	consistently	ADV
ftr-433	1035	37	$	$	SYM
ftr-433	1035	38	126.20	126.20	NUM
ftr-433	1035	39	,	,	PUNCT
ftr-433	1035	40	$	$	SYM
ftr-433	1035	41	26.20	26.20	NUM
ftr-433	1035	42	,	,	PUNCT
ftr-433	1035	43	$	$	SYM
ftr-433	1035	44	13.10	13.10	NUM
ftr-433	1035	45	,	,	PUNCT
ftr-433	1035	46	and	and	CCONJ
ftr-433	1035	47	$	$	SYM
ftr-433	1035	48	113.10	113.10	NUM
ftr-433	1035	49	,	,	PUNCT
ftr-433	1035	50	respectively	respectively	ADV
ftr-433	1035	51	.	.	PUNCT
ftr-433	1036	1	as	as	SCONJ
ftr-433	1036	2	discussed	discuss	VERB
ftr-433	1036	3	in	in	ADP
ftr-433	1036	4	part	part	NOUN
ftr-433	1036	5	iv	iv	NUM
ftr-433	1036	6	.	.	PUNCT
ftr-433	1036	7	above	above	ADV
ftr-433	1036	8	,	,	PUNCT
ftr-433	1036	9	this	this	DET
ftr-433	1036	10	article	article	NOUN
ftr-433	1036	11	’s	’s	PART
ftr-433	1036	12	analysis	analysis	NOUN
ftr-433	1036	13	is	be	AUX
ftr-433	1036	14	limited	limit	VERB
ftr-433	1036	15	to	to	ADP
ftr-433	1036	16	economic	economic	ADJ
ftr-433	1036	17	situations	situation	NOUN
ftr-433	1036	18	where	where	SCONJ
ftr-433	1036	19	true	true	ADJ
ftr-433	1036	20	capital	capital	NOUN
ftr-433	1036	21	is	be	AUX
ftr-433	1036	22	invested	invest	VERB
ftr-433	1036	23	.	.	PUNCT
ftr-433	1037	1	at	at	ADP
ftr-433	1037	2	this	this	DET
ftr-433	1037	3	point	point	NOUN
ftr-433	1037	4	,	,	PUNCT
ftr-433	1037	5	certain	certain	ADJ
ftr-433	1037	6	preliminary	preliminary	ADJ
ftr-433	1037	7	conclusions	conclusion	NOUN
ftr-433	1037	8	can	can	AUX
ftr-433	1037	9	be	be	AUX
ftr-433	1037	10	stated	state	VERB
ftr-433	1037	11	.	.	PUNCT
ftr-433	1038	1	if	if	SCONJ
ftr-433	1038	2	equal	equal	ADJ
ftr-433	1038	3	amounts	amount	NOUN
ftr-433	1038	4	of	of	ADP
ftr-433	1038	5	capital	capital	NOUN
ftr-433	1038	6	are	be	AUX
ftr-433	1038	7	invested	invest	VERB
ftr-433	1038	8	,	,	PUNCT
ftr-433	1038	9	all	all	DET
ftr-433	1038	10	recovery	recovery	NOUN
ftr-433	1038	11	methods	method	NOUN
ftr-433	1038	12	will	will	AUX
ftr-433	1038	13	produce	produce	VERB
ftr-433	1038	14	the	the	DET
ftr-433	1038	15	same	same	ADJ
ftr-433	1038	16	amount	amount	NOUN
ftr-433	1038	17	of	of	ADP
ftr-433	1038	18	economic	economic	ADJ
ftr-433	1038	19	(	(	PUNCT
ftr-433	1038	20	or	or	CCONJ
ftr-433	1038	21	nominal	nominal	ADJ
ftr-433	1038	22	)	)	PUNCT
ftr-433	1038	23	taxable	taxable	ADJ
ftr-433	1038	24	income	income	NOUN
ftr-433	1038	25	,	,	PUNCT
ftr-433	1038	26	tax	tax	NOUN
ftr-433	1038	27	paid	pay	VERB
ftr-433	1038	28	,	,	PUNCT
ftr-433	1038	29	and	and	CCONJ
ftr-433	1038	30	after	after	ADP
ftr-433	1038	31	-	-	PUNCT
ftr-433	1038	32	tax	tax	NOUN
ftr-433	1038	33	cash	cash	NOUN
ftr-433	1038	34	flow	flow	NOUN
ftr-433	1038	35	.	.	PUNCT
ftr-433	1039	1	overall	overall	ADV
ftr-433	1039	2	,	,	PUNCT
ftr-433	1039	3	none	none	NOUN
ftr-433	1039	4	of	of	ADP
ftr-433	1039	5	them	they	PRON
ftr-433	1039	6	does	do	VERB
ftr-433	1039	7	any	any	PRON
ftr-433	1039	8	worse	bad	ADJ
ftr-433	1039	9	than	than	SCONJ
ftr-433	1039	10	break	break	VERB
ftr-433	1039	11	even	even	ADV
ftr-433	1039	12	,	,	PUNCT
ftr-433	1039	13	financially	financially	ADV
ftr-433	1039	14	after146	after146	PROPN
ftr-433	1039	15	tax	tax	NOUN
ftr-433	1039	16	.	.	PUNCT
ftr-433	1040	1	but	but	CCONJ
ftr-433	1040	2	only	only	ADV
ftr-433	1040	3	with	with	ADP
ftr-433	1040	4	theoretical	theoretical	ADJ
ftr-433	1040	5	expensing	expensing	NOUN
ftr-433	1040	6	is	be	AUX
ftr-433	1040	7	the	the	DET
ftr-433	1040	8	net	net	ADJ
ftr-433	1040	9	financial	financial	ADJ
ftr-433	1040	10	return	return	NOUN
ftr-433	1040	11	to	to	ADP
ftr-433	1040	12	the	the	DET
ftr-433	1040	13	taxpayer	taxpayer	NOUN
ftr-433	1040	14	after	after	SCONJ
ftr-433	1040	15	tax	tax	NOUN
ftr-433	1040	16	unreduced	unreduce	VERB
ftr-433	1040	17	by	by	ADP
ftr-433	1040	18	the	the	DET
ftr-433	1040	19	financial	financial	ADJ
ftr-433	1040	20	cost	cost	NOUN
ftr-433	1040	21	of	of	ADP
ftr-433	1040	22	the	the	DET
ftr-433	1040	23	tax	tax	NOUN
ftr-433	1040	24	imposed	impose	VERB
ftr-433	1040	25	on	on	ADP
ftr-433	1040	26	the	the	DET
ftr-433	1040	27	transaction	transaction	NOUN
ftr-433	1040	28	.	.	PUNCT
ftr-433	1041	1	in	in	ADP
ftr-433	1041	2	other	other	ADJ
ftr-433	1041	3	words	word	NOUN
ftr-433	1041	4	,	,	PUNCT
ftr-433	1041	5	in	in	ADP
ftr-433	1041	6	a	a	DET
ftr-433	1041	7	state	state	NOUN
ftr-433	1041	8	of	of	ADP
ftr-433	1041	9	financial	financial	ADJ
ftr-433	1041	10	equilibrium	equilibrium	NOUN
ftr-433	1041	11	,	,	PUNCT
ftr-433	1041	12	only	only	ADV
ftr-433	1041	13	with	with	ADP
ftr-433	1041	14	expensing	expensing	NOUN
ftr-433	1041	15	does	do	AUX
ftr-433	1041	16	the	the	DET
ftr-433	1041	17	financial	financial	ADJ
ftr-433	1041	18	return	return	NOUN
ftr-433	1041	19	to	to	ADP
ftr-433	1041	20	capital	capital	NOUN
ftr-433	1041	21	provided	provide	VERB
ftr-433	1041	22	by	by	ADP
ftr-433	1041	23	the	the	DET
ftr-433	1041	24	federal	federal	ADJ
ftr-433	1041	25	government	government	NOUN
ftr-433	1041	26	’s	’s	PART
ftr-433	1041	27	cost	cost	NOUN
ftr-433	1041	28	recovery	recovery	NOUN
ftr-433	1041	29	system	system	NOUN
ftr-433	1041	30	“	"	PUNCT
ftr-433	1041	31	pay	pay	VERB
ftr-433	1041	32	for	for	ADP
ftr-433	1041	33	”	"	PUNCT
ftr-433	1041	34	the	the	DET
ftr-433	1041	35	financial	financial	ADJ
ftr-433	1041	36	cost	cost	NOUN
ftr-433	1041	37	of	of	ADP
ftr-433	1041	38	the	the	DET
ftr-433	1041	39	tax	tax	NOUN
ftr-433	1041	40	imposed	impose	VERB
ftr-433	1041	41	on	on	ADP
ftr-433	1041	42	depreciable	depreciable	ADJ
ftr-433	1041	43	asset	asset	NOUN
ftr-433	1041	44	investments	investment	NOUN
ftr-433	1041	45	by	by	ADP
ftr-433	1041	46	that	that	DET
ftr-433	1041	47	same	same	ADJ
ftr-433	1041	48	government	government	NOUN
ftr-433	1041	49	.	.	PUNCT
ftr-433	1042	1	thus	thus	ADV
ftr-433	1042	2	,	,	PUNCT
ftr-433	1042	3	only	only	ADV
ftr-433	1042	4	under	under	ADP
ftr-433	1042	5	expensing	expensing	NOUN
ftr-433	1042	6	is	be	AUX
ftr-433	1042	7	the	the	DET
ftr-433	1042	8	full	full	ADJ
ftr-433	1042	9	financial	financial	ADJ
ftr-433	1042	10	value	value	NOUN
ftr-433	1042	11	of	of	ADP
ftr-433	1042	12	invested	invest	VERB
ftr-433	1042	13	capital	capital	NOUN
ftr-433	1042	14	returned	return	VERB
ftr-433	1042	15	to	to	ADP
ftr-433	1042	16	investing	invest	VERB
ftr-433	1042	17	taxpayers	taxpayer	NOUN
ftr-433	1042	18	after	after	ADP
ftr-433	1042	19	tax	tax	NOUN
ftr-433	1042	20	;	;	PUNCT
ftr-433	1042	21	and	and	CCONJ
ftr-433	1042	22	only	only	ADV
ftr-433	1042	23	capital	capital	NOUN
ftr-433	1042	24	expensing	expense	VERB
ftr-433	1042	25	satisfies	satisfie	NOUN
ftr-433	1042	26	the	the	DET
ftr-433	1042	27	first	first	ADJ
ftr-433	1042	28	criterion	criterion	NOUN
ftr-433	1042	29	for	for	ADP
ftr-433	1042	30	a	a	DET
ftr-433	1042	31	normative	normative	ADJ
ftr-433	1042	32	capital	capital	NOUN
ftr-433	1042	33	cost	cost	NOUN
ftr-433	1042	34	recovery	recovery	NOUN
ftr-433	1042	35	method	method	NOUN
ftr-433	1042	36	in	in	ADP
ftr-433	1042	37	a	a	DET
ftr-433	1042	38	realization	realization	NOUN
ftr-433	1042	39	-	-	PUNCT
ftr-433	1042	40	based	base	VERB
ftr-433	1042	41	income	income	NOUN
ftr-433	1042	42	tax	tax	NOUN
ftr-433	1042	43	.	.	PUNCT
ftr-433	1043	1	vi	vi	X
ftr-433	1043	2	.	.	NOUN
ftr-433	1043	3	normative	normative	ADJ
ftr-433	1043	4	criterion	criterion	NOUN
ftr-433	1043	5	#	#	SYM
ftr-433	1043	6	2	2	NUM
ftr-433	1043	7	:	:	PUNCT
ftr-433	1043	8	appropriately	appropriately	ADV
ftr-433	1043	9	measuring	measure	VERB
ftr-433	1043	10	net	net	ADJ
ftr-433	1043	11	realized	realize	VERB
ftr-433	1043	12	income	income	NOUN
ftr-433	1043	13	the	the	DET
ftr-433	1043	14	analysis	analysis	NOUN
ftr-433	1043	15	in	in	ADP
ftr-433	1043	16	part	part	NOUN
ftr-433	1043	17	v	v	ADP
ftr-433	1043	18	only	only	ADV
ftr-433	1043	19	required	require	VERB
ftr-433	1043	20	a	a	DET
ftr-433	1043	21	comparative	comparative	ADJ
ftr-433	1043	22	analysis	analysis	NOUN
ftr-433	1043	23	of	of	ADP
ftr-433	1043	24	cost	cost	NOUN
ftr-433	1043	25	recovery	recovery	NOUN
ftr-433	1043	26	methods	method	NOUN
ftr-433	1043	27	within	within	ADP
ftr-433	1043	28	a	a	DET
ftr-433	1043	29	rbit	rbit	NOUN
ftr-433	1043	30	base	base	NOUN
ftr-433	1043	31	.	.	PUNCT
ftr-433	1044	1	determining	determine	VERB
ftr-433	1044	2	whether	whether	SCONJ
ftr-433	1044	3	any	any	DET
ftr-433	1044	4	cost	cost	NOUN
ftr-433	1044	5	recovery	recovery	NOUN
ftr-433	1044	6	method	method	NOUN
ftr-433	1044	7	satisfies	satisfy	VERB
ftr-433	1044	8	the	the	DET
ftr-433	1044	9	second	second	ADJ
ftr-433	1044	10	criterion	criterion	NOUN
ftr-433	1044	11	for	for	ADP
ftr-433	1044	12	a	a	DET
ftr-433	1044	13	normative	normative	ADJ
ftr-433	1044	14	rbit	rbit	NOUN
ftr-433	1044	15	base	base	NOUN
ftr-433	1044	16	recovery	recovery	NOUN
ftr-433	1044	17	method	method	NOUN
ftr-433	1044	18	requires	require	VERB
ftr-433	1044	19	a	a	DET
ftr-433	1044	20	broader	broad	ADJ
ftr-433	1044	21	analysis	analysis	NOUN
ftr-433	1044	22	than	than	ADP
ftr-433	1044	23	that	that	PRON
ftr-433	1044	24	used	use	VERB
ftr-433	1044	25	with	with	ADP
ftr-433	1044	26	respect	respect	NOUN
ftr-433	1044	27	to	to	ADP
ftr-433	1044	28	the	the	DET
ftr-433	1044	29	first	first	ADJ
ftr-433	1044	30	criterion	criterion	NOUN
ftr-433	1044	31	for	for	ADP
ftr-433	1044	32	the	the	DET
ftr-433	1044	33	following	follow	VERB
ftr-433	1044	34	reasons	reason	NOUN
ftr-433	1044	35	.	.	PUNCT
ftr-433	1045	1	on	on	ADP
ftr-433	1045	2	the	the	DET
ftr-433	1045	3	transactional	transactional	ADJ
ftr-433	1045	4	accounting	accounting	NOUN
ftr-433	1045	5	level	level	NOUN
ftr-433	1045	6	,	,	PUNCT
ftr-433	1045	7	economic	economic	ADJ
ftr-433	1045	8	cost	cost	NOUN
ftr-433	1045	9	recovery	recovery	NOUN
ftr-433	1045	10	in	in	ADP
ftr-433	1045	11	a	a	DET
ftr-433	1045	12	rbit	rbit	NOUN
ftr-433	1045	13	base	base	NOUN
ftr-433	1045	14	is	be	AUX
ftr-433	1045	15	technically	technically	ADV
ftr-433	1045	16	identical	identical	ADJ
ftr-433	1045	17	to	to	ADP
ftr-433	1045	18	economic	economic	ADJ
ftr-433	1045	19	depreciation	depreciation	NOUN
ftr-433	1045	20	in	in	ADP
ftr-433	1045	21	an	an	DET
ftr-433	1045	22	amit	amit	NOUN
ftr-433	1045	23	base	base	NOUN
ftr-433	1045	24	,	,	PUNCT
ftr-433	1045	25	and	and	CCONJ
ftr-433	1045	26	cash	cash	NOUN
ftr-433	1045	27	flow	flow	NOUN
ftr-433	1045	28	accounting	account	VERB
ftr-433	1045	29	in	in	ADP
ftr-433	1045	30	a	a	DET
ftr-433	1045	31	cfit	cfit	NOUN
ftr-433	1045	32	base	base	NOUN
ftr-433	1045	33	is	be	AUX
ftr-433	1045	34	technically	technically	ADV
ftr-433	1045	35	identical	identical	ADJ
ftr-433	1045	36	to	to	ADP
ftr-433	1045	37	expensing	expense	VERB
ftr-433	1045	38	in	in	ADP
ftr-433	1045	39	a	a	DET
ftr-433	1045	40	rbit	rbit	NOUN
ftr-433	1045	41	base	base	NOUN
ftr-433	1045	42	.	.	PUNCT
ftr-433	1046	1	therefore	therefore	ADV
ftr-433	1046	2	,	,	PUNCT
ftr-433	1046	3	in	in	ADP
ftr-433	1046	4	order	order	NOUN
ftr-433	1046	5	to	to	PART
ftr-433	1046	6	fully	fully	ADV
ftr-433	1046	7	understand	understand	VERB
ftr-433	1046	8	how	how	SCONJ
ftr-433	1046	9	those	those	DET
ftr-433	1046	10	recovery	recovery	NOUN
ftr-433	1046	11	methods	method	NOUN
ftr-433	1046	12	relate	relate	VERB
ftr-433	1046	13	to	to	ADP
ftr-433	1046	14	the	the	DET
ftr-433	1046	15	structural	structural	ADJ
ftr-433	1046	16	and	and	CCONJ
ftr-433	1046	17	accounting	accounting	NOUN
ftr-433	1046	18	principles	principle	NOUN
ftr-433	1046	19	of	of	ADP
ftr-433	1046	20	a	a	DET
ftr-433	1046	21	rbit	rbit	NOUN
ftr-433	1046	22	base	base	NOUN
ftr-433	1046	23	,	,	PUNCT
ftr-433	1046	24	part	part	NOUN
ftr-433	1046	25	vi	vi	NOUN
ftr-433	1046	26	of	of	ADP
ftr-433	1046	27	this	this	DET
ftr-433	1046	28	article	article	NOUN
ftr-433	1046	29	must	must	AUX
ftr-433	1046	30	distinguish	distinguish	VERB
ftr-433	1046	31	those	those	DET
ftr-433	1046	32	principles	principle	NOUN
ftr-433	1046	33	from	from	ADP
ftr-433	1046	34	those	those	PRON
ftr-433	1046	35	employed	employ	VERB
ftr-433	1046	36	in	in	ADP
ftr-433	1046	37	amit	amit	PROPN
ftr-433	1046	38	and	and	CCONJ
ftr-433	1046	39	cfit	cfit	NOUN
ftr-433	1046	40	bases	basis	NOUN
ftr-433	1046	41	.	.	PUNCT
ftr-433	1047	1	this	this	DET
ftr-433	1047	2	part	part	NOUN
ftr-433	1047	3	first	first	ADV
ftr-433	1047	4	examines	examine	VERB
ftr-433	1047	5	the	the	DET
ftr-433	1047	6	structural	structural	ADJ
ftr-433	1047	7	and	and	CCONJ
ftr-433	1047	8	accounting	accounting	NOUN
ftr-433	1047	9	principles	principle	NOUN
ftr-433	1047	10	of	of	ADP
ftr-433	1047	11	an	an	DET
ftr-433	1047	12	amit	amit	NOUN
ftr-433	1047	13	base	base	NOUN
ftr-433	1047	14	as	as	SCONJ
ftr-433	1047	15	they	they	PRON
ftr-433	1047	16	relate	relate	VERB
ftr-433	1047	17	to	to	ADP
ftr-433	1047	18	the	the	DET
ftr-433	1047	19	taxation	taxation	NOUN
ftr-433	1047	20	of	of	ADP
ftr-433	1047	21	short	short	ADV
ftr-433	1047	22	-	-	PUNCT
ftr-433	1047	23	lived	live	VERB
ftr-433	1047	24	fully	fully	ADV
ftr-433	1047	25	depreciable	depreciable	ADJ
ftr-433	1047	26	assets	asset	NOUN
ftr-433	1047	27	,	,	PUNCT
ftr-433	1047	28	and	and	CCONJ
ftr-433	1047	29	then	then	ADV
ftr-433	1047	30	examines	examine	VERB
ftr-433	1047	31	cfit	cfit	NOUN
ftr-433	1047	32	base	base	NOUN
ftr-433	1047	33	principles	principle	NOUN
ftr-433	1047	34	as	as	SCONJ
ftr-433	1047	35	they	they	PRON
ftr-433	1047	36	relate	relate	VERB
ftr-433	1047	37	to	to	ADP
ftr-433	1047	38	taxation	taxation	NOUN
ftr-433	1047	39	of	of	ADP
ftr-433	1047	40	the	the	DET
ftr-433	1047	41	same	same	ADJ
ftr-433	1047	42	type	type	NOUN
ftr-433	1047	43	of	of	ADP
ftr-433	1047	44	assets	asset	NOUN
ftr-433	1047	45	.	.	PUNCT
ftr-433	1048	1	in	in	ADP
ftr-433	1048	2	the	the	DET
ftr-433	1048	3	last	last	ADJ
ftr-433	1048	4	section	section	NOUN
ftr-433	1048	5	of	of	ADP
ftr-433	1048	6	this	this	DET
ftr-433	1048	7	part	part	NOUN
ftr-433	1048	8	,	,	PUNCT
ftr-433	1048	9	the	the	DET
ftr-433	1048	10	article	article	NOUN
ftr-433	1048	11	reexamines	reexamine	VERB
ftr-433	1048	12	rbit	rbit	NOUN
ftr-433	1048	13	base	base	NOUN
ftr-433	1048	14	recovery	recovery	NOUN
ftr-433	1048	15	methods	method	NOUN
ftr-433	1048	16	using	use	VERB
ftr-433	1048	17	a	a	DET
ftr-433	1048	18	deeper	deep	ADJ
ftr-433	1048	19	analysis	analysis	NOUN
ftr-433	1048	20	of	of	ADP
ftr-433	1048	21	the	the	DET
ftr-433	1048	22	structural	structural	ADJ
ftr-433	1048	23	and	and	CCONJ
ftr-433	1048	24	accounting	accounting	NOUN
ftr-433	1048	25	principles	principle	NOUN
ftr-433	1048	26	of	of	ADP
ftr-433	1048	27	a	a	DET
ftr-433	1048	28	rbit	rbit	NOUN
ftr-433	1048	29	base	base	NOUN
ftr-433	1048	30	.	.	PUNCT
ftr-433	1049	1	this	this	DET
ftr-433	1049	2	part	part	NOUN
ftr-433	1049	3	concludes	conclude	VERB
ftr-433	1049	4	that	that	SCONJ
ftr-433	1049	5	capital	capital	NOUN
ftr-433	1049	6	expensing	expense	VERB
ftr-433	1049	7	is	be	AUX
ftr-433	1049	8	the	the	DET
ftr-433	1049	9	only	only	ADJ
ftr-433	1049	10	capital	capital	NOUN
ftr-433	1049	11	cost	cost	NOUN
ftr-433	1049	12	recovery	recovery	NOUN
ftr-433	1049	13	method	method	NOUN
ftr-433	1049	14	that	that	PRON
ftr-433	1049	15	measures	measure	VERB
ftr-433	1049	16	net	net	ADJ
ftr-433	1049	17	realized	realize	VERB
ftr-433	1049	18	income	income	NOUN
ftr-433	1049	19	financially	financially	ADV
ftr-433	1049	20	in	in	ADP
ftr-433	1049	21	a	a	DET
ftr-433	1049	22	manner	manner	NOUN
ftr-433	1049	23	entirely	entirely	ADV
ftr-433	1049	24	consistent	consistent	ADJ
ftr-433	1049	25	with	with	ADP
ftr-433	1049	26	rbit	rbit	NOUN
ftr-433	1049	27	base	base	NOUN
ftr-433	1049	28	structural	structural	ADJ
ftr-433	1049	29	and	and	CCONJ
ftr-433	1049	30	accounting	accounting	NOUN
ftr-433	1049	31	principles	principle	NOUN
ftr-433	1049	32	.	.	PUNCT
ftr-433	1050	1	516	516	NUM
ftr-433	1050	2	florida	florida	PROPN
ftr-433	1050	3	tax	tax	NOUN
ftr-433	1050	4	review	review	NOUN
ftr-433	1050	5	[	[	X
ftr-433	1050	6	vol	vol	NOUN
ftr-433	1050	7	.	.	PUNCT
ftr-433	1050	8	5:7	5:7	NUM
ftr-433	1050	9	147	147	NUM
ftr-433	1050	10	.	.	PUNCT
ftr-433	1051	1	this	this	DET
ftr-433	1051	2	table	table	NOUN
ftr-433	1051	3	allows	allow	VERB
ftr-433	1051	4	us	we	PRON
ftr-433	1051	5	to	to	PART
ftr-433	1051	6	compute	compute	VERB
ftr-433	1051	7	the	the	DET
ftr-433	1051	8	net	net	ADJ
ftr-433	1051	9	nominal	nominal	NOUN
ftr-433	1051	10	,	,	PUNCT
ftr-433	1051	11	net	net	ADJ
ftr-433	1051	12	pre	pre	ADJ
ftr-433	1051	13	-	-	ADJ
ftr-433	1051	14	tax	tax	ADJ
ftr-433	1051	15	present	present	ADJ
ftr-433	1051	16	value	value	NOUN
ftr-433	1051	17	,	,	PUNCT
ftr-433	1051	18	and	and	CCONJ
ftr-433	1051	19	net	net	ADJ
ftr-433	1051	20	after	after	ADP
ftr-433	1051	21	-	-	PUNCT
ftr-433	1051	22	tax	tax	NOUN
ftr-433	1051	23	present	present	ADJ
ftr-433	1051	24	value	value	NOUN
ftr-433	1051	25	of	of	ADP
ftr-433	1051	26	the	the	DET
ftr-433	1051	27	following	follow	VERB
ftr-433	1051	28	amounts	amount	NOUN
ftr-433	1051	29	for	for	ADP
ftr-433	1051	30	time	time	NOUN
ftr-433	1051	31	0	0	NUM
ftr-433	1051	32	through	through	ADP
ftr-433	1051	33	year	year	NOUN
ftr-433	1051	34	4	4	NUM
ftr-433	1051	35	:	:	PUNCT
ftr-433	1051	36	(	(	PUNCT
ftr-433	1051	37	1	1	X
ftr-433	1051	38	)	)	PUNCT
ftr-433	1051	39	the	the	DET
ftr-433	1051	40	gross	gross	ADJ
ftr-433	1051	41	income	income	NOUN
ftr-433	1051	42	and/or	and/or	CCONJ
ftr-433	1051	43	gross	gross	ADJ
ftr-433	1051	44	receipts	receipt	NOUN
ftr-433	1051	45	stream	stream	NOUN
ftr-433	1051	46	;	;	PUNCT
ftr-433	1051	47	(	(	PUNCT
ftr-433	1051	48	2	2	X
ftr-433	1051	49	)	)	PUNCT
ftr-433	1051	50	the	the	DET
ftr-433	1051	51	economic	economic	ADJ
ftr-433	1051	52	depreciation	depreciation	NOUN
ftr-433	1051	53	deduction	deduction	NOUN
ftr-433	1051	54	stream	stream	NOUN
ftr-433	1051	55	;	;	PUNCT
ftr-433	1051	56	(	(	PUNCT
ftr-433	1051	57	3	3	X
ftr-433	1051	58	)	)	PUNCT
ftr-433	1051	59	taxable	taxable	ADJ
ftr-433	1051	60	income	income	NOUN
ftr-433	1051	61	;	;	PUNCT
ftr-433	1051	62	(	(	PUNCT
ftr-433	1051	63	4	4	X
ftr-433	1051	64	)	)	PUNCT
ftr-433	1051	65	the	the	DET
ftr-433	1051	66	ptcf	ptcf	NOUN
ftr-433	1051	67	;	;	PUNCT
ftr-433	1051	68	(	(	PUNCT
ftr-433	1051	69	5	5	X
ftr-433	1051	70	)	)	PUNCT
ftr-433	1051	71	the	the	DET
ftr-433	1051	72	tax	tax	NOUN
ftr-433	1051	73	paid	pay	VERB
ftr-433	1051	74	;	;	PUNCT
ftr-433	1051	75	and	and	CCONJ
ftr-433	1051	76	(	(	PUNCT
ftr-433	1051	77	6	6	X
ftr-433	1051	78	)	)	PUNCT
ftr-433	1051	79	the	the	DET
ftr-433	1051	80	atcf	atcf	NOUN
ftr-433	1051	81	.	.	PUNCT
ftr-433	1052	1	in	in	ADP
ftr-433	1052	2	addition	addition	NOUN
ftr-433	1052	3	,	,	PUNCT
ftr-433	1052	4	this	this	DET
ftr-433	1052	5	table	table	NOUN
ftr-433	1052	6	provides	provide	VERB
ftr-433	1052	7	the	the	DET
ftr-433	1052	8	irr	irr	NOUN
ftr-433	1052	9	and	and	CCONJ
ftr-433	1052	10	npv	npv	NOUN
ftr-433	1052	11	effective	effective	ADJ
ftr-433	1052	12	tax	tax	NOUN
ftr-433	1052	13	rates	rate	NOUN
ftr-433	1052	14	.	.	PUNCT
ftr-433	1053	1	the	the	DET
ftr-433	1053	2	first	first	ADJ
ftr-433	1053	3	three	three	NUM
ftr-433	1053	4	columns	column	NOUN
ftr-433	1053	5	represent	represent	VERB
ftr-433	1053	6	the	the	DET
ftr-433	1053	7	tax	tax	NOUN
ftr-433	1053	8	accounting	accounting	NOUN
ftr-433	1053	9	for	for	ADP
ftr-433	1053	10	these	these	DET
ftr-433	1053	11	investments	investment	NOUN
ftr-433	1053	12	(	(	PUNCT
ftr-433	1053	13	g.i	g.i	PROPN
ftr-433	1053	14	.	.	PROPN
ftr-433	1053	15	–	–	PUNCT
ftr-433	1053	16	recovery	recovery	NOUN
ftr-433	1053	17	=	=	PUNCT
ftr-433	1053	18	t.i	t.i	PROPN
ftr-433	1053	19	.	.	PROPN
ftr-433	1053	20	)	)	PUNCT
ftr-433	1053	21	,	,	PUNCT
ftr-433	1053	22	and	and	CCONJ
ftr-433	1053	23	the	the	DET
ftr-433	1053	24	last	last	ADJ
ftr-433	1053	25	three	three	NUM
ftr-433	1053	26	columns	column	NOUN
ftr-433	1053	27	represent	represent	VERB
ftr-433	1053	28	the	the	DET
ftr-433	1053	29	economic	economic	ADJ
ftr-433	1053	30	accounting	accounting	NOUN
ftr-433	1053	31	(	(	PUNCT
ftr-433	1053	32	ptcf	ptcf	NOUN
ftr-433	1053	33	–	–	PUNCT
ftr-433	1053	34	tax	tax	NOUN
ftr-433	1053	35	=	=	NOUN
ftr-433	1053	36	atcf	atcf	NOUN
ftr-433	1053	37	)	)	PUNCT
ftr-433	1053	38	.	.	PUNCT
ftr-433	1054	1	this	this	DET
ftr-433	1054	2	table	table	NOUN
ftr-433	1054	3	also	also	ADV
ftr-433	1054	4	shows	show	VERB
ftr-433	1054	5	the	the	DET
ftr-433	1054	6	effective	effective	ADJ
ftr-433	1054	7	tax	tax	NOUN
ftr-433	1054	8	rate	rate	NOUN
ftr-433	1054	9	based	base	VERB
ftr-433	1054	10	on	on	ADP
ftr-433	1054	11	net	net	ADJ
ftr-433	1054	12	present	present	ADJ
ftr-433	1054	13	value	value	NOUN
ftr-433	1054	14	(	(	PUNCT
ftr-433	1054	15	100	100	NUM
ftr-433	1054	16	%	%	NOUN
ftr-433	1054	17	)	)	PUNCT
ftr-433	1054	18	and	and	CCONJ
ftr-433	1054	19	the	the	DET
ftr-433	1054	20	effective	effective	ADJ
ftr-433	1054	21	tax	tax	NOUN
ftr-433	1054	22	rate	rate	NOUN
ftr-433	1054	23	based	base	VERB
ftr-433	1054	24	on	on	ADP
ftr-433	1054	25	internal	internal	ADJ
ftr-433	1054	26	rule	rule	NOUN
ftr-433	1054	27	of	of	ADP
ftr-433	1054	28	return	return	NOUN
ftr-433	1054	29	(	(	PUNCT
ftr-433	1054	30	50	50	NUM
ftr-433	1054	31	%	%	NOUN
ftr-433	1054	32	)	)	PUNCT
ftr-433	1054	33	.	.	PUNCT
ftr-433	1055	1	a.	a.	NOUN
ftr-433	1055	2	measuring	measure	VERB
ftr-433	1055	3	net	net	ADJ
ftr-433	1055	4	economic	economic	ADJ
ftr-433	1055	5	income	income	NOUN
ftr-433	1055	6	in	in	ADP
ftr-433	1055	7	an	an	DET
ftr-433	1055	8	amit	amit	NOUN
ftr-433	1055	9	base	base	NOUN
ftr-433	1055	10	1	1	NUM
ftr-433	1055	11	.	.	NOUN
ftr-433	1055	12	introduction.—table	introduction.—table	ADJ
ftr-433	1055	13	14	14	NUM
ftr-433	1055	14	below	below	ADV
ftr-433	1055	15	contains	contain	VERB
ftr-433	1055	16	the	the	DET
ftr-433	1055	17	essential	essential	ADJ
ftr-433	1055	18	financial	financial	ADJ
ftr-433	1055	19	information	information	NOUN
ftr-433	1055	20	needed	need	VERB
ftr-433	1055	21	to	to	PART
ftr-433	1055	22	evaluate	evaluate	VERB
ftr-433	1055	23	the	the	DET
ftr-433	1055	24	normative	normative	ADJ
ftr-433	1055	25	method	method	NOUN
ftr-433	1055	26	of	of	ADP
ftr-433	1055	27	measuring	measure	VERB
ftr-433	1055	28	income	income	NOUN
ftr-433	1055	29	from	from	ADP
ftr-433	1055	30	depreciable	depreciable	ADJ
ftr-433	1055	31	assets	asset	NOUN
ftr-433	1055	32	in	in	ADP
ftr-433	1055	33	an	an	DET
ftr-433	1055	34	amit	amit	NOUN
ftr-433	1055	35	base	base	NOUN
ftr-433	1055	36	.	.	PUNCT
ftr-433	1056	1	this	this	DET
ftr-433	1056	2	table	table	NOUN
ftr-433	1056	3	combines	combine	VERB
ftr-433	1056	4	a	a	DET
ftr-433	1056	5	summary	summary	NOUN
ftr-433	1056	6	of	of	ADP
ftr-433	1056	7	the	the	DET
ftr-433	1056	8	relevant	relevant	ADJ
ftr-433	1056	9	information	information	NOUN
ftr-433	1056	10	from	from	ADP
ftr-433	1056	11	the	the	DET
ftr-433	1056	12	investment	investment	NOUN
ftr-433	1056	13	in	in	ADP
ftr-433	1056	14	table	table	NOUN
ftr-433	1056	15	1	1	NUM
ftr-433	1056	16	during	during	ADP
ftr-433	1056	17	years	year	NOUN
ftr-433	1056	18	1	1	NUM
ftr-433	1056	19	–	–	PUNCT
ftr-433	1056	20	4	4	NUM
ftr-433	1056	21	with	with	ADP
ftr-433	1056	22	the	the	DET
ftr-433	1056	23	tax	tax	NOUN
ftr-433	1056	24	and	and	CCONJ
ftr-433	1056	25	economic	economic	ADJ
ftr-433	1056	26	effects	effect	NOUN
ftr-433	1056	27	of	of	ADP
ftr-433	1056	28	making	make	VERB
ftr-433	1056	29	that	that	DET
ftr-433	1056	30	investment	investment	NOUN
ftr-433	1056	31	at	at	ADP
ftr-433	1056	32	time	time	NOUN
ftr-433	1056	33	0	0	NUM
ftr-433	1056	34	.	.	PUNCT
ftr-433	1057	1	the	the	DET
ftr-433	1057	2	purpose	purpose	NOUN
ftr-433	1057	3	of	of	ADP
ftr-433	1057	4	this	this	DET
ftr-433	1057	5	table	table	NOUN
ftr-433	1057	6	is	be	AUX
ftr-433	1057	7	to	to	PART
ftr-433	1057	8	examine	examine	VERB
ftr-433	1057	9	the	the	DET
ftr-433	1057	10	net	net	ADJ
ftr-433	1057	11	economic	economic	ADJ
ftr-433	1057	12	and	and	CCONJ
ftr-433	1057	13	financial	financial	ADJ
ftr-433	1057	14	consequences	consequence	NOUN
ftr-433	1057	15	of	of	ADP
ftr-433	1057	16	a	a	DET
ftr-433	1057	17	combined	combined	ADJ
ftr-433	1057	18	investment	investment	NOUN
ftr-433	1057	19	and	and	CCONJ
ftr-433	1057	20	investment	investment	NOUN
ftr-433	1057	21	yield	yield	NOUN
ftr-433	1057	22	transaction	transaction	NOUN
ftr-433	1057	23	in	in	ADP
ftr-433	1057	24	an	an	DET
ftr-433	1057	25	amit	amit	NOUN
ftr-433	1057	26	base	base	NOUN
ftr-433	1057	27	.	.	PUNCT
ftr-433	1058	1	table	table	NOUN
ftr-433	1058	2	14	14	NUM
ftr-433	1058	3	:	:	PUNCT
ftr-433	1058	4	net	net	ADJ
ftr-433	1058	5	financial	financial	ADJ
ftr-433	1058	6	characteristics	characteristic	NOUN
ftr-433	1058	7	of	of	ADP
ftr-433	1058	8	$	$	SYM
ftr-433	1058	9	100	100	NUM
ftr-433	1058	10	investment	investment	NOUN
ftr-433	1058	11	subject	subject	NOUN
ftr-433	1058	12	to	to	ADP
ftr-433	1058	13	economic	economic	ADJ
ftr-433	1058	14	depreciation147	depreciation147	PROPN
ftr-433	1058	15	g.i	g.i	PROPN
ftr-433	1058	16	.	.	PROPN
ftr-433	1058	17	deprec	deprec	PROPN
ftr-433	1058	18	=	=	SYM
ftr-433	1058	19	t.i	t.i	PROPN
ftr-433	1058	20	.	.	PROPN
ftr-433	1058	21	ptcf	ptcf	PROPN
ftr-433	1058	22	tax	tax	NOUN
ftr-433	1058	23	=	=	SYM
ftr-433	1058	24	atc	atc	PROPN
ftr-433	1058	25	f	f	PROPN
ftr-433	1058	26	etr	etr	PROPN
ftr-433	1058	27	time	time	NOUN
ftr-433	1058	28	0	0	NUM
ftr-433	1059	1	-100.00	-100.00	PROPN
ftr-433	1059	2	-100.00	-100.00	PROPN
ftr-433	1060	1	+	+	PROPN
ftr-433	1060	2	tot	tot	NOUN
ftr-433	1060	3	y	y	NOUN
ftr-433	1060	4	rs	rs	NOUN
ftr-433	1060	5	1	1	NUM
ftr-433	1060	6	-	-	SYM
ftr-433	1060	7	4	4	NUM
ftr-433	1060	8	126.10	126.10	NUM
ftr-433	1060	9	100.00	100.00	NUM
ftr-433	1060	10	26.20	26.20	NUM
ftr-433	1060	11	126.20	126.20	NUM
ftr-433	1060	12	13.10	13.10	NUM
ftr-433	1060	13	113.10	113.10	NUM
ftr-433	1060	14	=	=	NOUN
ftr-433	1060	15	n	n	PRON
ftr-433	1060	16	et	et	NOUN
ftr-433	1060	17	to	to	ADP
ftr-433	1060	18	t	t	PROPN
ftr-433	1060	19	y	y	PROPN
ftr-433	1060	20	rs	rs	PROPN
ftr-433	1060	21	0	0	NUM
ftr-433	1060	22	-	-	SYM
ftr-433	1060	23	4	4	NUM
ftr-433	1060	24	126.10	126.10	NUM
ftr-433	1060	25	100.00	100.00	NUM
ftr-433	1060	26	26.20	26.20	NUM
ftr-433	1060	27	26.20	26.20	NUM
ftr-433	1060	28	13.10	13.10	NUM
ftr-433	1060	29	13.10	13.10	NUM
ftr-433	1060	30	1npv	1npv	NOUN
ftr-433	1060	31	@	@	ADP
ftr-433	1060	32	10	10	NUM
ftr-433	1060	33	%	%	NOUN
ftr-433	1060	34	100.00	100.00	NUM
ftr-433	1060	35	78.35	78.35	NUM
ftr-433	1060	36	21.65	21.65	NUM
ftr-433	1060	37	0.00	0.00	NUM
ftr-433	1060	38	10.82	10.82	NUM
ftr-433	1060	39	-10.82	-10.82	NOUN
ftr-433	1060	40	2npv	2npv	NOUN
ftr-433	1060	41	@	@	ADP
ftr-433	1060	42	5	5	NUM
ftr-433	1060	43	%	%	NOUN
ftr-433	1060	44	111.86	111.86	NUM
ftr-433	1060	45	88.14	88.14	NUM
ftr-433	1060	46	23.73	23.73	NUM
ftr-433	1060	47	11.86	11.86	NUM
ftr-433	1060	48	11.86	11.86	NUM
ftr-433	1060	49	0.00	0.00	NUM
ftr-433	1060	50	100	100	NUM
ftr-433	1060	51	%	%	NOUN
ftr-433	1060	52	irr	irr	NOUN
ftr-433	1060	53	10.00	10.00	NUM
ftr-433	1060	54	%	%	NOUN
ftr-433	1060	55	5.00	5.00	NUM
ftr-433	1060	56	%	%	NOUN
ftr-433	1060	57	50	50	NUM
ftr-433	1060	58	%	%	NOUN
ftr-433	1060	59	as	as	SCONJ
ftr-433	1060	60	stated	state	VERB
ftr-433	1060	61	earlier	early	ADV
ftr-433	1060	62	,	,	PUNCT
ftr-433	1060	63	the	the	DET
ftr-433	1060	64	central	central	ADJ
ftr-433	1060	65	structural	structural	ADJ
ftr-433	1060	66	approach	approach	NOUN
ftr-433	1060	67	of	of	ADP
ftr-433	1060	68	an	an	DET
ftr-433	1060	69	amit	amit	NOUN
ftr-433	1060	70	base	base	NOUN
ftr-433	1060	71	with	with	ADP
ftr-433	1060	72	respect	respect	NOUN
ftr-433	1060	73	to	to	ADP
ftr-433	1060	74	the	the	DET
ftr-433	1060	75	taxation	taxation	NOUN
ftr-433	1060	76	of	of	ADP
ftr-433	1060	77	capital	capital	NOUN
ftr-433	1060	78	income	income	NOUN
ftr-433	1060	79	is	be	AUX
ftr-433	1060	80	to	to	PART
ftr-433	1060	81	tax	tax	VERB
ftr-433	1060	82	both	both	DET
ftr-433	1060	83	invested	invest	VERB
ftr-433	1060	84	earnings	earning	NOUN
ftr-433	1060	85	and	and	CCONJ
ftr-433	1060	86	the	the	DET
ftr-433	1060	87	net	net	ADJ
ftr-433	1060	88	investment	investment	NOUN
ftr-433	1060	89	yield	yield	NOUN
ftr-433	1060	90	produced	produce	VERB
ftr-433	1060	91	by	by	ADP
ftr-433	1060	92	invested	invest	VERB
ftr-433	1060	93	earnings	earning	NOUN
ftr-433	1060	94	.	.	PUNCT
ftr-433	1061	1	the	the	DET
ftr-433	1061	2	central	central	ADJ
ftr-433	1061	3	accounting	accounting	NOUN
ftr-433	1061	4	focus	focus	NOUN
ftr-433	1061	5	of	of	ADP
ftr-433	1061	6	an	an	DET
ftr-433	1061	7	amit	amit	NOUN
ftr-433	1061	8	base	base	NOUN
ftr-433	1061	9	is	be	AUX
ftr-433	1061	10	on	on	ADP
ftr-433	1061	11	periodic	periodic	ADJ
ftr-433	1061	12	net	net	ADJ
ftr-433	1061	13	wealth	wealth	NOUN
ftr-433	1061	14	valuation	valuation	NOUN
ftr-433	1061	15	,	,	PUNCT
ftr-433	1061	16	which	which	PRON
ftr-433	1061	17	translates	translate	VERB
ftr-433	1061	18	into	into	ADP
ftr-433	1061	19	net	net	ADJ
ftr-433	1061	20	asset	asset	NOUN
ftr-433	1061	21	valuation	valuation	NOUN
ftr-433	1061	22	in	in	ADP
ftr-433	1061	23	the	the	DET
ftr-433	1061	24	context	context	NOUN
ftr-433	1061	25	of	of	ADP
ftr-433	1061	26	investments	investment	NOUN
ftr-433	1061	27	in	in	ADP
ftr-433	1061	28	individual	individual	ADJ
ftr-433	1061	29	income	income	NOUN
ftr-433	1061	30	-	-	PUNCT
ftr-433	1061	31	producing	produce	VERB
ftr-433	1061	32	depreciable	depreciable	ADJ
ftr-433	1061	33	assets	asset	NOUN
ftr-433	1061	34	.	.	PUNCT
ftr-433	1062	1	economic	economic	ADJ
ftr-433	1062	2	depreciation	depreciation	NOUN
ftr-433	1062	3	implements	implement	NOUN
ftr-433	1062	4	that	that	PRON
ftr-433	1062	5	periodic	periodic	ADJ
ftr-433	1062	6	valuation	valuation	NOUN
ftr-433	1062	7	process	process	NOUN
ftr-433	1062	8	appropriately	appropriately	ADV
ftr-433	1062	9	for	for	ADP
ftr-433	1062	10	an	an	DET
ftr-433	1062	11	amit	amit	NOUN
ftr-433	1062	12	base	base	NOUN
ftr-433	1062	13	.	.	PUNCT
ftr-433	1063	1	for	for	ADP
ftr-433	1063	2	example	example	NOUN
ftr-433	1063	3	,	,	PUNCT
ftr-433	1063	4	table	table	NOUN
ftr-433	1063	5	14	14	NUM
ftr-433	1063	6	depicts	depict	VERB
ftr-433	1063	7	the	the	DET
ftr-433	1063	8	following	follow	VERB
ftr-433	1063	9	sequence	sequence	NOUN
ftr-433	1063	10	of	of	ADP
ftr-433	1063	11	events	event	NOUN
ftr-433	1063	12	:	:	PUNCT
ftr-433	1063	13	first	first	ADV
ftr-433	1063	14	,	,	PUNCT
ftr-433	1063	15	$	$	SYM
ftr-433	1063	16	100	100	NUM
ftr-433	1063	17	of	of	ADP
ftr-433	1063	18	wealth	wealth	NOUN
ftr-433	1063	19	in	in	ADP
ftr-433	1063	20	the	the	DET
ftr-433	1063	21	form	form	NOUN
ftr-433	1063	22	of	of	ADP
ftr-433	1063	23	cash	cash	NOUN
ftr-433	1063	24	is	be	AUX
ftr-433	1063	25	converted	convert	VERB
ftr-433	1063	26	into	into	ADP
ftr-433	1063	27	the	the	DET
ftr-433	1063	28	same	same	ADJ
ftr-433	1063	29	amount	amount	NOUN
ftr-433	1063	30	of	of	ADP
ftr-433	1063	31	wealth	wealth	NOUN
ftr-433	1063	32	in	in	ADP
ftr-433	1063	33	the	the	DET
ftr-433	1063	34	form	form	NOUN
ftr-433	1063	35	of	of	ADP
ftr-433	1063	36	a	a	DET
ftr-433	1063	37	depreciable	depreciable	ADJ
ftr-433	1063	38	asset	asset	NOUN
ftr-433	1063	39	.	.	PUNCT
ftr-433	1064	1	second	second	ADJ
ftr-433	1064	2	,	,	PUNCT
ftr-433	1064	3	that	that	SCONJ
ftr-433	1064	4	asset	asset	NOUN
ftr-433	1064	5	produces	produce	VERB
ftr-433	1064	6	a	a	DET
ftr-433	1064	7	pre	pre	ADJ
ftr-433	1064	8	-	-	ADJ
ftr-433	1064	9	tax	tax	ADJ
ftr-433	1064	10	yield	yield	NOUN
ftr-433	1064	11	with	with	ADP
ftr-433	1064	12	a	a	DET
ftr-433	1064	13	pre	pre	ADJ
ftr-433	1064	14	-	-	ADJ
ftr-433	1064	15	tax	tax	ADJ
ftr-433	1064	16	present	present	ADJ
ftr-433	1064	17	value	value	NOUN
ftr-433	1064	18	of	of	ADP
ftr-433	1064	19	$	$	SYM
ftr-433	1064	20	100	100	NUM
ftr-433	1064	21	.	.	PUNCT
ftr-433	1065	1	1this	1this	NUM
ftr-433	1065	2	fact	fact	NOUN
ftr-433	1065	3	is	be	AUX
ftr-433	1065	4	proven	prove	VERB
ftr-433	1065	5	by	by	ADP
ftr-433	1065	6	the	the	DET
ftr-433	1065	7	$	$	SYM
ftr-433	1065	8	100	100	NUM
ftr-433	1065	9	pv	pv	NOUN
ftr-433	1065	10	of	of	ADP
ftr-433	1065	11	the	the	DET
ftr-433	1065	12	asset	asset	NOUN
ftr-433	1065	13	’s	’s	PART
ftr-433	1065	14	ptcf	ptcf	NOUN
ftr-433	1065	15	at	at	ADP
ftr-433	1065	16	the	the	DET
ftr-433	1065	17	time	time	NOUN
ftr-433	1065	18	it	it	PRON
ftr-433	1065	19	is	be	AUX
ftr-433	1065	20	1acquired	1acquired	NUM
ftr-433	1065	21	.	.	PUNCT
ftr-433	1066	1	this	this	PRON
ftr-433	1066	2	gives	give	VERB
ftr-433	1066	3	the	the	DET
ftr-433	1066	4	investment	investment	NOUN
ftr-433	1066	5	a	a	DET
ftr-433	1066	6	pre	pre	ADJ
ftr-433	1066	7	-	-	ADJ
ftr-433	1066	8	tax	tax	ADJ
ftr-433	1066	9	net	net	ADJ
ftr-433	1066	10	present	present	ADJ
ftr-433	1066	11	value	value	NOUN
ftr-433	1066	12	(	(	PUNCT
ftr-433	1066	13	npv	npv	NOUN
ftr-433	1066	14	)	)	PUNCT
ftr-433	1066	15	of	of	ADP
ftr-433	1066	16	2002	2002	NUM
ftr-433	1066	17	]	]	PUNCT
ftr-433	1066	18	normative	normative	ADJ
ftr-433	1066	19	capital	capital	NOUN
ftr-433	1066	20	cost	cost	NOUN
ftr-433	1066	21	recovery	recovery	NOUN
ftr-433	1066	22	517	517	NUM
ftr-433	1066	23	1148	1148	NUM
ftr-433	1066	24	.	.	PUNCT
ftr-433	1067	1	see	see	VERB
ftr-433	1067	2	the	the	DET
ftr-433	1067	3	npv	npv	NOUN
ftr-433	1067	4	of	of	ADP
ftr-433	1067	5	the	the	DET
ftr-433	1067	6	ptcf	ptcf	NOUN
ftr-433	1067	7	,	,	PUNCT
ftr-433	1067	8	which	which	PRON
ftr-433	1067	9	equals	equal	VERB
ftr-433	1067	10	$	$	SYM
ftr-433	1067	11	0.00	0.00	NUM
ftr-433	1067	12	.	.	PUNCT
ftr-433	1067	13	149	149	NUM
ftr-433	1067	14	.	.	PUNCT
ftr-433	1068	1	the	the	DET
ftr-433	1068	2	following	following	ADJ
ftr-433	1068	3	summary	summary	NOUN
ftr-433	1068	4	is	be	AUX
ftr-433	1068	5	taken	take	VERB
ftr-433	1068	6	from	from	ADP
ftr-433	1068	7	jane	jane	PROPN
ftr-433	1068	8	g.	g.	PROPN
ftr-433	1068	9	gravelle	gravelle	PROPN
ftr-433	1068	10	,	,	PUNCT
ftr-433	1068	11	tax	tax	NOUN
ftr-433	1068	12	neutrality	neutrality	NOUN
ftr-433	1068	13	and	and	CCONJ
ftr-433	1068	14	capital	capital	NOUN
ftr-433	1068	15	cost	cost	NOUN
ftr-433	1068	16	recovery	recovery	NOUN
ftr-433	1068	17	in	in	ADP
ftr-433	1068	18	the	the	DET
ftr-433	1068	19	economic	economic	ADJ
ftr-433	1068	20	effects	effect	NOUN
ftr-433	1068	21	of	of	ADP
ftr-433	1068	22	taxing	tax	VERB
ftr-433	1068	23	capital	capital	NOUN
ftr-433	1068	24	income	income	NOUN
ftr-433	1068	25	101	101	NUM
ftr-433	1068	26	-	-	SYM
ftr-433	1068	27	02	02	NUM
ftr-433	1068	28	(	(	PUNCT
ftr-433	1068	29	1994	1994	NUM
ftr-433	1068	30	)	)	PUNCT
ftr-433	1068	31	.	.	PUNCT
ftr-433	1069	1	150	150	NUM
ftr-433	1069	2	.	.	PUNCT
ftr-433	1070	1	for	for	ADP
ftr-433	1070	2	example	example	NOUN
ftr-433	1070	3	,	,	PUNCT
ftr-433	1070	4	the	the	DET
ftr-433	1070	5	cumulative	cumulative	ADJ
ftr-433	1070	6	present	present	ADJ
ftr-433	1070	7	value	value	NOUN
ftr-433	1070	8	of	of	ADP
ftr-433	1070	9	investing	invest	VERB
ftr-433	1070	10	the	the	DET
ftr-433	1070	11	economic	economic	ADJ
ftr-433	1070	12	recovery	recovery	NOUN
ftr-433	1070	13	deductions	deduction	NOUN
ftr-433	1070	14	from	from	ADP
ftr-433	1070	15	table	table	NOUN
ftr-433	1070	16	1	1	NUM
ftr-433	1070	17	at	at	ADP
ftr-433	1070	18	10	10	NUM
ftr-433	1070	19	%	%	NOUN
ftr-433	1070	20	compounded	compound	VERB
ftr-433	1070	21	annually	annually	ADV
ftr-433	1070	22	would	would	AUX
ftr-433	1070	23	be	be	AUX
ftr-433	1070	24	the	the	DET
ftr-433	1070	25	following	follow	VERB
ftr-433	1070	26	amount	amount	NOUN
ftr-433	1070	27	:	:	PUNCT
ftr-433	1070	28	$	$	SYM
ftr-433	1070	29	21.55	21.55	NUM
ftr-433	1070	30	x	x	SYM
ftr-433	1070	31	(	(	PUNCT
ftr-433	1070	32	1.10	1.10	NUM
ftr-433	1070	33	)	)	PUNCT
ftr-433	1070	34	plus	plus	CCONJ
ftr-433	1070	35	$	$	SYM
ftr-433	1070	36	23.70	23.70	NUM
ftr-433	1070	37	x	x	SYM
ftr-433	1070	38	(	(	PUNCT
ftr-433	1070	39	1.10	1.10	NUM
ftr-433	1070	40	)	)	PUNCT
ftr-433	1070	41	plus	plus	CCONJ
ftr-433	1070	42	$	$	SYM
ftr-433	1070	43	26.07	26.07	NUM
ftr-433	1070	44	x	x	SYM
ftr-433	1070	45	(	(	PUNCT
ftr-433	1070	46	1.10	1.10	NUM
ftr-433	1070	47	)	)	PUNCT
ftr-433	1070	48	plus	plus	CCONJ
ftr-433	1070	49	$	$	SYM
ftr-433	1070	50	28.68	28.68	NUM
ftr-433	1070	51	x	x	SYM
ftr-433	1070	52	1.104	1.104	NUM
ftr-433	1070	53	3	3	NUM
ftr-433	1070	54	2	2	NUM
ftr-433	1070	55	=	=	SYM
ftr-433	1070	56	$	$	SYM
ftr-433	1070	57	31.55	31.55	NUM
ftr-433	1070	58	+	+	CCONJ
ftr-433	1070	59	$	$	SYM
ftr-433	1070	60	31.55	31.55	NUM
ftr-433	1070	61	+	+	CCONJ
ftr-433	1070	62	$	$	SYM
ftr-433	1070	63	31.55	31.55	NUM
ftr-433	1070	64	+	+	CCONJ
ftr-433	1070	65	$	$	SYM
ftr-433	1070	66	31.55	31.55	NUM
ftr-433	1070	67	=	=	SYM
ftr-433	1070	68	$	$	SYM
ftr-433	1070	69	126.20	126.20	NUM
ftr-433	1070	70	.	.	PUNCT
ftr-433	1071	1	as	as	SCONJ
ftr-433	1071	2	table	table	NOUN
ftr-433	1071	3	1	1	NUM
ftr-433	1071	4	shows	show	NOUN
ftr-433	1071	5	,	,	PUNCT
ftr-433	1071	6	the	the	DET
ftr-433	1071	7	after	after	ADP
ftr-433	1071	8	-	-	PUNCT
ftr-433	1071	9	tax	tax	NOUN
ftr-433	1071	10	present	present	ADJ
ftr-433	1071	11	value	value	NOUN
ftr-433	1071	12	of	of	ADP
ftr-433	1071	13	that	that	DET
ftr-433	1071	14	income	income	NOUN
ftr-433	1071	15	stream	stream	NOUN
ftr-433	1071	16	is	be	AUX
ftr-433	1071	17	$	$	SYM
ftr-433	1071	18	100	100	NUM
ftr-433	1071	19	,	,	PUNCT
ftr-433	1071	20	the	the	DET
ftr-433	1071	21	original	original	ADJ
ftr-433	1071	22	amount	amount	NOUN
ftr-433	1071	23	invested	invest	VERB
ftr-433	1071	24	.	.	PUNCT
ftr-433	1072	1	151	151	NUM
ftr-433	1072	2	.	.	PUNCT
ftr-433	1073	1	see	see	VERB
ftr-433	1073	2	supra	supra	PROPN
ftr-433	1073	3	note	note	PROPN
ftr-433	1073	4	27	27	NUM
ftr-433	1073	5	.	.	PUNCT
ftr-433	1074	1	this	this	DET
ftr-433	1074	2	important	important	ADJ
ftr-433	1074	3	point	point	NOUN
ftr-433	1074	4	is	be	AUX
ftr-433	1074	5	not	not	PART
ftr-433	1074	6	clear	clear	ADJ
ftr-433	1074	7	from	from	ADP
ftr-433	1074	8	an	an	DET
ftr-433	1074	9	examination	examination	NOUN
ftr-433	1074	10	of	of	ADP
ftr-433	1074	11	break	break	NOUN
ftr-433	1074	12	-	-	PUNCT
ftr-433	1074	13	even	even	ADV
ftr-433	1074	14	investments	investment	NOUN
ftr-433	1074	15	in	in	ADP
ftr-433	1074	16	which	which	PRON
ftr-433	1074	17	the	the	DET
ftr-433	1074	18	yield	yield	NOUN
ftr-433	1074	19	and	and	CCONJ
ftr-433	1074	20	pre	pre	ADJ
ftr-433	1074	21	-	-	ADJ
ftr-433	1074	22	tax	tax	ADJ
ftr-433	1074	23	discount	discount	NOUN
ftr-433	1074	24	rates	rate	NOUN
ftr-433	1074	25	are	be	AUX
ftr-433	1074	26	the	the	DET
ftr-433	1074	27	same	same	ADJ
ftr-433	1074	28	;	;	PUNCT
ftr-433	1074	29	but	but	CCONJ
ftr-433	1074	30	the	the	DET
ftr-433	1074	31	rule	rule	NOUN
ftr-433	1074	32	is	be	AUX
ftr-433	1074	33	used	use	VERB
ftr-433	1074	34	in	in	ADP
ftr-433	1074	35	computing	compute	VERB
ftr-433	1074	36	economic	economic	ADJ
ftr-433	1074	37	depreciation	depreciation	NOUN
ftr-433	1074	38	throughout	throughout	ADP
ftr-433	1074	39	this	this	DET
ftr-433	1074	40	article	article	NOUN
ftr-433	1074	41	to	to	ADP
ftr-433	1074	42	$	$	SYM
ftr-433	1074	43	0.00	0.00	NUM
ftr-433	1074	44	.	.	PUNCT
ftr-433	1075	1	third	third	ADJ
ftr-433	1075	2	,	,	PUNCT
ftr-433	1075	3	by	by	ADP
ftr-433	1075	4	the	the	DET
ftr-433	1075	5	end	end	NOUN
ftr-433	1075	6	of	of	ADP
ftr-433	1075	7	the	the	DET
ftr-433	1075	8	investment	investment	NOUN
ftr-433	1075	9	’s	’s	PART
ftr-433	1075	10	useful	useful	ADJ
ftr-433	1075	11	life	life	NOUN
ftr-433	1075	12	,	,	PUNCT
ftr-433	1075	13	the	the	DET
ftr-433	1075	14	asset	asset	NOUN
ftr-433	1075	15	will	will	AUX
ftr-433	1075	16	be148	be148	NOUN
ftr-433	1075	17	worthless	worthless	ADJ
ftr-433	1075	18	,	,	PUNCT
ftr-433	1075	19	but	but	CCONJ
ftr-433	1075	20	the	the	DET
ftr-433	1075	21	taxpayer	taxpayer	NOUN
ftr-433	1075	22	will	will	AUX
ftr-433	1075	23	have	have	AUX
ftr-433	1075	24	converted	convert	VERB
ftr-433	1075	25	the	the	DET
ftr-433	1075	26	asset	asset	NOUN
ftr-433	1075	27	back	back	ADV
ftr-433	1075	28	into	into	ADP
ftr-433	1075	29	cash	cash	NOUN
ftr-433	1075	30	with	with	ADP
ftr-433	1075	31	an	an	DET
ftr-433	1075	32	after	after	ADP
ftr-433	1075	33	-	-	PUNCT
ftr-433	1075	34	tax	tax	NOUN
ftr-433	1075	35	present	present	ADJ
ftr-433	1075	36	value	value	NOUN
ftr-433	1075	37	of	of	ADP
ftr-433	1075	38	$	$	SYM
ftr-433	1075	39	100	100	NUM
ftr-433	1075	40	,	,	PUNCT
ftr-433	1075	41	as	as	SCONJ
ftr-433	1075	42	measured	measure	VERB
ftr-433	1075	43	at	at	ADP
ftr-433	1075	44	the	the	DET
ftr-433	1075	45	time	time	NOUN
ftr-433	1075	46	of	of	ADP
ftr-433	1075	47	the	the	DET
ftr-433	1075	48	asset	asset	NOUN
ftr-433	1075	49	’s	’s	PART
ftr-433	1075	50	acquisition	acquisition	NOUN
ftr-433	1075	51	.	.	PUNCT
ftr-433	1076	1	overall	overall	ADV
ftr-433	1076	2	,	,	PUNCT
ftr-433	1076	3	the	the	DET
ftr-433	1076	4	entire	entire	ADJ
ftr-433	1076	5	transaction	transaction	NOUN
ftr-433	1076	6	,	,	PUNCT
ftr-433	1076	7	as	as	SCONJ
ftr-433	1076	8	measured	measure	VERB
ftr-433	1076	9	at	at	ADP
ftr-433	1076	10	the	the	DET
ftr-433	1076	11	time	time	NOUN
ftr-433	1076	12	of	of	ADP
ftr-433	1076	13	the	the	DET
ftr-433	1076	14	asset	asset	NOUN
ftr-433	1076	15	’s	’s	PART
ftr-433	1076	16	acquisition	acquisition	NOUN
ftr-433	1076	17	,	,	PUNCT
ftr-433	1076	18	consists	consist	VERB
ftr-433	1076	19	of	of	ADP
ftr-433	1076	20	converting	convert	VERB
ftr-433	1076	21	$	$	SYM
ftr-433	1076	22	100	100	NUM
ftr-433	1076	23	of	of	ADP
ftr-433	1076	24	after	after	ADP
ftr-433	1076	25	-	-	PUNCT
ftr-433	1076	26	tax	tax	NOUN
ftr-433	1076	27	earnings	earning	NOUN
ftr-433	1076	28	into	into	ADP
ftr-433	1076	29	an	an	DET
ftr-433	1076	30	asset	asset	NOUN
ftr-433	1076	31	with	with	ADP
ftr-433	1076	32	a	a	DET
ftr-433	1076	33	value	value	NOUN
ftr-433	1076	34	of	of	ADP
ftr-433	1076	35	$	$	SYM
ftr-433	1076	36	100	100	NUM
ftr-433	1076	37	and	and	CCONJ
ftr-433	1076	38	thence	thence	NOUN
ftr-433	1076	39	into	into	ADP
ftr-433	1076	40	$	$	SYM
ftr-433	1076	41	100	100	NUM
ftr-433	1076	42	of	of	ADP
ftr-433	1076	43	after	after	ADP
ftr-433	1076	44	-	-	PUNCT
ftr-433	1076	45	tax	tax	NOUN
ftr-433	1076	46	investment	investment	NOUN
ftr-433	1076	47	yield	yield	NOUN
ftr-433	1076	48	,	,	PUNCT
ftr-433	1076	49	which	which	PRON
ftr-433	1076	50	gives	give	VERB
ftr-433	1076	51	the	the	DET
ftr-433	1076	52	entire	entire	ADJ
ftr-433	1076	53	three	three	NUM
ftr-433	1076	54	-	-	PUNCT
ftr-433	1076	55	step	step	NOUN
ftr-433	1076	56	transaction	transaction	NOUN
ftr-433	1076	57	a	a	DET
ftr-433	1076	58	net	net	ADJ
ftr-433	1076	59	present	present	ADJ
ftr-433	1076	60	value	value	NOUN
ftr-433	1076	61	of	of	ADP
ftr-433	1076	62	zero	zero	NUM
ftr-433	1076	63	–	–	PUNCT
ftr-433	1076	64	both	both	CCONJ
ftr-433	1076	65	before	before	ADP
ftr-433	1076	66	and	and	CCONJ
ftr-433	1076	67	after	after	ADP
ftr-433	1076	68	tax	tax	NOUN
ftr-433	1076	69	.	.	PUNCT
ftr-433	1077	1	the	the	DET
ftr-433	1077	2	net	net	ADJ
ftr-433	1077	3	present	present	ADJ
ftr-433	1077	4	value	value	NOUN
ftr-433	1077	5	of	of	ADP
ftr-433	1077	6	the	the	DET
ftr-433	1077	7	investment	investment	NOUN
ftr-433	1077	8	in	in	ADP
ftr-433	1077	9	table	table	NOUN
ftr-433	1077	10	14	14	NUM
ftr-433	1077	11	before	before	SCONJ
ftr-433	1077	12	tax	tax	NOUN
ftr-433	1077	13	is	be	AUX
ftr-433	1077	14	zero	zero	NUM
ftr-433	1077	15	because	because	SCONJ
ftr-433	1077	16	the	the	DET
ftr-433	1077	17	initial	initial	ADJ
ftr-433	1077	18	value	value	NOUN
ftr-433	1077	19	of	of	ADP
ftr-433	1077	20	the	the	DET
ftr-433	1077	21	investment	investment	NOUN
ftr-433	1077	22	is	be	AUX
ftr-433	1077	23	the	the	DET
ftr-433	1077	24	present	present	ADJ
ftr-433	1077	25	value	value	NOUN
ftr-433	1077	26	of	of	ADP
ftr-433	1077	27	the	the	DET
ftr-433	1077	28	asset	asset	NOUN
ftr-433	1077	29	’s	’s	PART
ftr-433	1077	30	future	future	ADJ
ftr-433	1077	31	pre	pre	ADJ
ftr-433	1077	32	-	-	ADJ
ftr-433	1077	33	tax	tax	ADJ
ftr-433	1077	34	cash	cash	NOUN
ftr-433	1077	35	flow	flow	NOUN
ftr-433	1077	36	;	;	PUNCT
ftr-433	1077	37	and	and	CCONJ
ftr-433	1077	38	here	here	ADV
ftr-433	1077	39	,	,	PUNCT
ftr-433	1077	40	the	the	DET
ftr-433	1077	41	asset	asset	NOUN
ftr-433	1077	42	’s	’s	PART
ftr-433	1077	43	yield	yield	NOUN
ftr-433	1077	44	rate	rate	NOUN
ftr-433	1077	45	(	(	PUNCT
ftr-433	1077	46	y	y	NOUN
ftr-433	1077	47	)	)	PUNCT
ftr-433	1077	48	equals	equal	VERB
ftr-433	1077	49	the	the	DET
ftr-433	1077	50	pre	pre	ADJ
ftr-433	1077	51	-	-	ADJ
ftr-433	1077	52	tax	tax	ADJ
ftr-433	1077	53	1discount	1discount	NUM
ftr-433	1077	54	rate	rate	NOUN
ftr-433	1077	55	(	(	PUNCT
ftr-433	1077	56	d	d	NOUN
ftr-433	1077	57	)	)	PUNCT
ftr-433	1077	58	that	that	PRON
ftr-433	1077	59	is	be	AUX
ftr-433	1077	60	used	use	VERB
ftr-433	1077	61	to	to	PART
ftr-433	1077	62	measure	measure	VERB
ftr-433	1077	63	the	the	DET
ftr-433	1077	64	financial	financial	ADJ
ftr-433	1077	65	value	value	NOUN
ftr-433	1077	66	of	of	ADP
ftr-433	1077	67	the	the	DET
ftr-433	1077	68	yield	yield	NOUN
ftr-433	1077	69	stream	stream	NOUN
ftr-433	1077	70	before	before	ADP
ftr-433	1077	71	tax	tax	NOUN
ftr-433	1077	72	.	.	PUNCT
ftr-433	1078	1	both	both	DET
ftr-433	1078	2	rates	rate	NOUN
ftr-433	1078	3	are	be	AUX
ftr-433	1078	4	10	10	NUM
ftr-433	1078	5	%	%	NOUN
ftr-433	1078	6	in	in	ADP
ftr-433	1078	7	the	the	DET
ftr-433	1078	8	financial	financial	ADJ
ftr-433	1078	9	break	break	NOUN
ftr-433	1078	10	-	-	PUNCT
ftr-433	1078	11	even	even	ADV
ftr-433	1078	12	model	model	NOUN
ftr-433	1078	13	used	use	VERB
ftr-433	1078	14	in	in	ADP
ftr-433	1078	15	this	this	DET
ftr-433	1078	16	article	article	NOUN
ftr-433	1078	17	.	.	PUNCT
ftr-433	1079	1	economic	economic	ADJ
ftr-433	1079	2	depreciation	depreciation	NOUN
ftr-433	1079	3	uniquely	uniquely	ADV
ftr-433	1079	4	insures	insure	VERB
ftr-433	1079	5	that	that	SCONJ
ftr-433	1079	6	the	the	DET
ftr-433	1079	7	net	net	ADJ
ftr-433	1079	8	present	present	ADJ
ftr-433	1079	9	value	value	NOUN
ftr-433	1079	10	of	of	ADP
ftr-433	1079	11	the	the	DET
ftr-433	1079	12	taxpayer	taxpayer	NOUN
ftr-433	1079	13	’s	’s	PART
ftr-433	1079	14	investment	investment	NOUN
ftr-433	1079	15	after	after	ADP
ftr-433	1079	16	-	-	PUNCT
ftr-433	1079	17	tax	tax	NOUN
ftr-433	1079	18	also	also	ADV
ftr-433	1079	19	equals	equal	VERB
ftr-433	1079	20	zero	zero	NUM
ftr-433	1079	21	.	.	PUNCT
ftr-433	1080	1	this	this	PRON
ftr-433	1080	2	is	be	AUX
ftr-433	1080	3	appropriate	appropriate	ADJ
ftr-433	1080	4	for	for	ADP
ftr-433	1080	5	a	a	DET
ftr-433	1080	6	breakeven	breakeven	ADJ
ftr-433	1080	7	investment	investment	NOUN
ftr-433	1080	8	in	in	ADP
ftr-433	1080	9	an	an	DET
ftr-433	1080	10	amit	amit	NOUN
ftr-433	1080	11	base	base	NOUN
ftr-433	1080	12	,	,	PUNCT
ftr-433	1080	13	because	because	SCONJ
ftr-433	1080	14	it	it	PRON
ftr-433	1080	15	equates	equate	VERB
ftr-433	1080	16	the	the	DET
ftr-433	1080	17	after	after	ADP
ftr-433	1080	18	-	-	PUNCT
ftr-433	1080	19	tax	tax	NOUN
ftr-433	1080	20	financial	financial	ADJ
ftr-433	1080	21	value	value	NOUN
ftr-433	1080	22	of	of	ADP
ftr-433	1080	23	the	the	DET
ftr-433	1080	24	investment	investment	NOUN
ftr-433	1080	25	to	to	ADP
ftr-433	1080	26	its	its	PRON
ftr-433	1080	27	pre	pre	ADJ
ftr-433	1080	28	-	-	ADJ
ftr-433	1080	29	tax	tax	ADJ
ftr-433	1080	30	financial	financial	ADJ
ftr-433	1080	31	value	value	NOUN
ftr-433	1080	32	.	.	PUNCT
ftr-433	1081	1	the	the	DET
ftr-433	1081	2	use	use	NOUN
ftr-433	1081	3	of	of	ADP
ftr-433	1081	4	any	any	DET
ftr-433	1081	5	other	other	ADJ
ftr-433	1081	6	depreciation	depreciation	NOUN
ftr-433	1081	7	method	method	NOUN
ftr-433	1081	8	would	would	AUX
ftr-433	1081	9	be	be	AUX
ftr-433	1081	10	inappropriate	inappropriate	ADJ
ftr-433	1081	11	in	in	ADP
ftr-433	1081	12	an	an	DET
ftr-433	1081	13	amit	amit	NOUN
ftr-433	1081	14	base	base	NOUN
ftr-433	1081	15	because	because	SCONJ
ftr-433	1081	16	,	,	PUNCT
ftr-433	1081	17	as	as	SCONJ
ftr-433	1081	18	table	table	NOUN
ftr-433	1081	19	8	8	NUM
ftr-433	1081	20	showed	show	VERB
ftr-433	1081	21	,	,	PUNCT
ftr-433	1081	22	those	those	DET
ftr-433	1081	23	methods	method	NOUN
ftr-433	1081	24	would	would	AUX
ftr-433	1081	25	increase	increase	VERB
ftr-433	1081	26	the	the	DET
ftr-433	1081	27	net	net	ADJ
ftr-433	1081	28	present	present	ADJ
ftr-433	1081	29	value	value	NOUN
ftr-433	1081	30	of	of	ADP
ftr-433	1081	31	the	the	DET
ftr-433	1081	32	asset	asset	NOUN
ftr-433	1081	33	after	after	ADP
ftr-433	1081	34	tax	tax	NOUN
ftr-433	1081	35	above	above	ADP
ftr-433	1081	36	zero	zero	NUM
ftr-433	1081	37	,	,	PUNCT
ftr-433	1081	38	thus	thus	ADV
ftr-433	1081	39	destroying	destroy	VERB
ftr-433	1081	40	the	the	DET
ftr-433	1081	41	pre	pre	NOUN
ftr-433	1081	42	-	-	NOUN
ftr-433	1081	43	tax	tax	ADJ
ftr-433	1081	44	/	/	SYM
ftr-433	1081	45	after	after	ADP
ftr-433	1081	46	-	-	PUNCT
ftr-433	1081	47	tax	tax	NOUN
ftr-433	1081	48	valuation	valuation	NOUN
ftr-433	1081	49	equality	equality	NOUN
ftr-433	1081	50	.	.	PUNCT
ftr-433	1082	1	table	table	NOUN
ftr-433	1082	2	14	14	NUM
ftr-433	1082	3	also	also	ADV
ftr-433	1082	4	allows	allow	VERB
ftr-433	1082	5	us	we	PRON
ftr-433	1082	6	to	to	PART
ftr-433	1082	7	reference	reference	VERB
ftr-433	1082	8	the	the	DET
ftr-433	1082	9	following	follow	VERB
ftr-433	1082	10	four	four	NUM
ftr-433	1082	11	characteristics	characteristic	NOUN
ftr-433	1082	12	that	that	PRON
ftr-433	1082	13	are	be	AUX
ftr-433	1082	14	often	often	ADV
ftr-433	1082	15	attributed	attribute	VERB
ftr-433	1082	16	to	to	ADP
ftr-433	1082	17	economic	economic	ADJ
ftr-433	1082	18	depreciation	depreciation	NOUN
ftr-433	1082	19	.	.	PUNCT
ftr-433	1083	1	first	first	ADV
ftr-433	1083	2	,	,	PUNCT
ftr-433	1083	3	the	the	DET
ftr-433	1083	4	nominal	nominal	ADJ
ftr-433	1083	5	sum	sum	NOUN
ftr-433	1083	6	of149	of149	ADP
ftr-433	1083	7	the	the	DET
ftr-433	1083	8	depreciation	depreciation	NOUN
ftr-433	1083	9	deductions	deduction	NOUN
ftr-433	1083	10	equals	equal	VERB
ftr-433	1083	11	the	the	DET
ftr-433	1083	12	amount	amount	NOUN
ftr-433	1083	13	invested	invest	VERB
ftr-433	1083	14	(	(	PUNCT
ftr-433	1083	15	$	$	SYM
ftr-433	1083	16	100	100	NUM
ftr-433	1083	17	)	)	PUNCT
ftr-433	1083	18	.	.	PUNCT
ftr-433	1084	1	second	second	ADJ
ftr-433	1084	2	,	,	PUNCT
ftr-433	1084	3	if	if	SCONJ
ftr-433	1084	4	reinvested	reinveste	VERB
ftr-433	1084	5	constantly	constantly	ADV
ftr-433	1084	6	,	,	PUNCT
ftr-433	1084	7	it	it	PRON
ftr-433	1084	8	would	would	AUX
ftr-433	1084	9	maintain	maintain	VERB
ftr-433	1084	10	the	the	DET
ftr-433	1084	11	value	value	NOUN
ftr-433	1084	12	of	of	ADP
ftr-433	1084	13	the	the	DET
ftr-433	1084	14	asset	asset	NOUN
ftr-433	1084	15	.	.	PUNCT
ftr-433	1085	1	if	if	SCONJ
ftr-433	1085	2	,	,	PUNCT
ftr-433	1085	3	for	for	ADP
ftr-433	1085	4	example	example	NOUN
ftr-433	1085	5	,	,	PUNCT
ftr-433	1085	6	each	each	DET
ftr-433	1085	7	year	year	NOUN
ftr-433	1085	8	’s	’s	PART
ftr-433	1085	9	depreciation	depreciation	NOUN
ftr-433	1085	10	deduction	deduction	NOUN
ftr-433	1085	11	were	be	AUX
ftr-433	1085	12	invested	invest	VERB
ftr-433	1085	13	at	at	ADP
ftr-433	1085	14	time	time	NOUN
ftr-433	1085	15	0	0	NUM
ftr-433	1085	16	and	and	CCONJ
ftr-433	1085	17	allowed	allow	VERB
ftr-433	1085	18	to	to	PART
ftr-433	1085	19	grow	grow	VERB
ftr-433	1085	20	at	at	ADP
ftr-433	1085	21	the	the	DET
ftr-433	1085	22	after	after	ADP
ftr-433	1085	23	-	-	PUNCT
ftr-433	1085	24	tax	tax	NOUN
ftr-433	1085	25	discount	discount	NOUN
ftr-433	1085	26	rate	rate	NOUN
ftr-433	1085	27	until	until	ADP
ftr-433	1085	28	the	the	DET
ftr-433	1085	29	year	year	NOUN
ftr-433	1085	30	the	the	DET
ftr-433	1085	31	deduction	deduction	NOUN
ftr-433	1085	32	took	take	VERB
ftr-433	1085	33	place	place	NOUN
ftr-433	1085	34	,	,	PUNCT
ftr-433	1085	35	the	the	DET
ftr-433	1085	36	sum	sum	NOUN
ftr-433	1085	37	of	of	ADP
ftr-433	1085	38	the	the	DET
ftr-433	1085	39	present	present	ADJ
ftr-433	1085	40	values	value	NOUN
ftr-433	1085	41	of	of	ADP
ftr-433	1085	42	the	the	DET
ftr-433	1085	43	amounts	amount	NOUN
ftr-433	1085	44	on	on	ADP
ftr-433	1085	45	hand	hand	NOUN
ftr-433	1085	46	at	at	ADP
ftr-433	1085	47	each	each	PRON
ftr-433	1085	48	of	of	ADP
ftr-433	1085	49	the	the	DET
ftr-433	1085	50	taxable	taxable	ADJ
ftr-433	1085	51	periods	period	NOUN
ftr-433	1085	52	would	would	AUX
ftr-433	1085	53	equal	equal	VERB
ftr-433	1085	54	the	the	DET
ftr-433	1085	55	amount	amount	NOUN
ftr-433	1085	56	invested	invest	VERB
ftr-433	1085	57	.	.	PUNCT
ftr-433	1086	1	third	third	ADJ
ftr-433	1086	2	,	,	PUNCT
ftr-433	1086	3	it	it	PRON
ftr-433	1086	4	is	be	AUX
ftr-433	1086	5	measured	measure	VERB
ftr-433	1086	6	by	by	ADP
ftr-433	1086	7	the	the	DET
ftr-433	1086	8	change	change	NOUN
ftr-433	1086	9	in	in	ADP
ftr-433	1086	10	the	the	DET
ftr-433	1086	11	present150	present150	PROPN
ftr-433	1086	12	value	value	NOUN
ftr-433	1086	13	of	of	ADP
ftr-433	1086	14	the	the	DET
ftr-433	1086	15	asset	asset	NOUN
ftr-433	1086	16	.	.	PUNCT
ftr-433	1087	1	this	this	PRON
ftr-433	1087	2	was	be	AUX
ftr-433	1087	3	previously	previously	ADV
ftr-433	1087	4	explained	explain	VERB
ftr-433	1087	5	in	in	ADP
ftr-433	1087	6	the	the	DET
ftr-433	1087	7	introduction	introduction	NOUN
ftr-433	1087	8	to	to	ADP
ftr-433	1087	9	table	table	NOUN
ftr-433	1087	10	1	1	NUM
ftr-433	1087	11	,	,	PUNCT
ftr-433	1087	12	and	and	CCONJ
ftr-433	1087	13	means	mean	VERB
ftr-433	1087	14	simply	simply	ADV
ftr-433	1087	15	that	that	SCONJ
ftr-433	1087	16	economic	economic	ADJ
ftr-433	1087	17	depreciation	depreciation	NOUN
ftr-433	1087	18	is	be	AUX
ftr-433	1087	19	the	the	DET
ftr-433	1087	20	reduction	reduction	NOUN
ftr-433	1087	21	in	in	ADP
ftr-433	1087	22	the	the	DET
ftr-433	1087	23	present	present	ADJ
ftr-433	1087	24	value	value	NOUN
ftr-433	1087	25	of	of	ADP
ftr-433	1087	26	an	an	DET
ftr-433	1087	27	asset	asset	NOUN
ftr-433	1087	28	between	between	ADP
ftr-433	1087	29	the	the	DET
ftr-433	1087	30	beginning	beginning	NOUN
ftr-433	1087	31	and	and	CCONJ
ftr-433	1087	32	end	end	NOUN
ftr-433	1087	33	of	of	ADP
ftr-433	1087	34	a	a	DET
ftr-433	1087	35	taxable	taxable	ADJ
ftr-433	1087	36	period	period	NOUN
ftr-433	1087	37	as	as	SCONJ
ftr-433	1087	38	measured	measure	VERB
ftr-433	1087	39	by	by	ADP
ftr-433	1087	40	the	the	DET
ftr-433	1087	41	decrease	decrease	NOUN
ftr-433	1087	42	in	in	ADP
ftr-433	1087	43	the	the	DET
ftr-433	1087	44	yield	yield	NOUN
ftr-433	1087	45	stream	stream	NOUN
ftr-433	1087	46	’s	’s	PART
ftr-433	1087	47	present	present	ADJ
ftr-433	1087	48	value	value	NOUN
ftr-433	1087	49	using	use	VERB
ftr-433	1087	50	the	the	DET
ftr-433	1087	51	yield	yield	NOUN
ftr-433	1087	52	rate	rate	NOUN
ftr-433	1087	53	as	as	ADP
ftr-433	1087	54	the	the	DET
ftr-433	1087	55	discount	discount	NOUN
ftr-433	1087	56	rate	rate	NOUN
ftr-433	1087	57	for	for	ADP
ftr-433	1087	58	that	that	DET
ftr-433	1087	59	purpose	purpose	NOUN
ftr-433	1087	60	.	.	PUNCT
ftr-433	1088	1	fourth	fourth	ADJ
ftr-433	1088	2	,	,	PUNCT
ftr-433	1088	3	it	it	PRON
ftr-433	1088	4	preserves	preserve	VERB
ftr-433	1088	5	an	an	DET
ftr-433	1088	6	invariant	invariant	ADJ
ftr-433	1088	7	relationship151	relationship151	PROPN
ftr-433	1088	8	518	518	NUM
ftr-433	1088	9	florida	florida	PROPN
ftr-433	1088	10	tax	tax	NOUN
ftr-433	1088	11	review	review	NOUN
ftr-433	1089	1	[	[	X
ftr-433	1089	2	vol	vol	NOUN
ftr-433	1089	3	.	.	NOUN
ftr-433	1089	4	5:7	5:7	NUM
ftr-433	1089	5	produce	produce	VERB
ftr-433	1089	6	economic	economic	ADJ
ftr-433	1089	7	depreciation	depreciation	NOUN
ftr-433	1089	8	or	or	CCONJ
ftr-433	1089	9	cost	cost	NOUN
ftr-433	1089	10	recovery	recovery	NOUN
ftr-433	1089	11	models	model	NOUN
ftr-433	1089	12	which	which	PRON
ftr-433	1089	13	consistently	consistently	ADV
ftr-433	1089	14	satisfy	satisfy	VERB
ftr-433	1089	15	the	the	DET
ftr-433	1089	16	other	other	ADJ
ftr-433	1089	17	three	three	NUM
ftr-433	1089	18	principles	principle	NOUN
ftr-433	1089	19	.	.	PUNCT
ftr-433	1090	1	see	see	VERB
ftr-433	1090	2	also	also	ADV
ftr-433	1090	3	,	,	PUNCT
ftr-433	1090	4	chirelstein	chirelstein	PROPN
ftr-433	1090	5	,	,	PUNCT
ftr-433	1090	6	supra	supra	PROPN
ftr-433	1090	7	note	note	PROPN
ftr-433	1090	8	26	26	NUM
ftr-433	1090	9	;	;	PUNCT
ftr-433	1090	10	samuelsen	samuelsen	VERB
ftr-433	1090	11	,	,	PUNCT
ftr-433	1090	12	supra	supra	PROPN
ftr-433	1090	13	note	note	PROPN
ftr-433	1090	14	25	25	NUM
ftr-433	1090	15	;	;	PUNCT
ftr-433	1090	16	figure	figure	VERB
ftr-433	1090	17	6	6	NUM
ftr-433	1090	18	and	and	CCONJ
ftr-433	1090	19	accompanying	accompany	VERB
ftr-433	1090	20	text	text	NOUN
ftr-433	1090	21	in	in	ADP
ftr-433	1090	22	infra	infra	NOUN
ftr-433	1090	23	part	part	NOUN
ftr-433	1090	24	vi.c.1	vi.c.1	ADV
ftr-433	1090	25	.	.	PUNCT
ftr-433	1091	1	152	152	NUM
ftr-433	1091	2	.	.	PUNCT
ftr-433	1092	1	pre	pre	ADJ
ftr-433	1092	2	-	-	ADJ
ftr-433	1092	3	tax	tax	ADJ
ftr-433	1092	4	rate	rate	NOUN
ftr-433	1092	5	of	of	ADP
ftr-433	1092	6	return	return	NOUN
ftr-433	1092	7	equals	equal	VERB
ftr-433	1092	8	the	the	DET
ftr-433	1092	9	yield	yield	NOUN
ftr-433	1092	10	rate	rate	NOUN
ftr-433	1092	11	.	.	PUNCT
ftr-433	1093	1	after	after	ADP
ftr-433	1093	2	-	-	PUNCT
ftr-433	1093	3	tax	tax	NOUN
ftr-433	1093	4	rate	rate	NOUN
ftr-433	1093	5	of	of	ADP
ftr-433	1093	6	return	return	NOUN
ftr-433	1093	7	equals	equal	VERB
ftr-433	1093	8	the	the	DET
ftr-433	1093	9	yield	yield	NOUN
ftr-433	1093	10	rate	rate	NOUN
ftr-433	1093	11	x	x	SYM
ftr-433	1093	12	(	(	PUNCT
ftr-433	1093	13	1	1	NUM
ftr-433	1093	14	–	–	PUNCT
ftr-433	1093	15	the	the	DET
ftr-433	1093	16	tax	tax	NOUN
ftr-433	1093	17	rate	rate	NOUN
ftr-433	1093	18	)	)	PUNCT
ftr-433	1093	19	or	or	CCONJ
ftr-433	1093	20	y	y	PROPN
ftr-433	1093	21	x	x	SYM
ftr-433	1093	22	(	(	PUNCT
ftr-433	1093	23	1	1	NUM
ftr-433	1093	24	–	–	PUNCT
ftr-433	1093	25	t	t	NOUN
ftr-433	1093	26	)	)	PUNCT
ftr-433	1093	27	.	.	PUNCT
ftr-433	1094	1	153	153	NUM
ftr-433	1094	2	.	.	PUNCT
ftr-433	1095	1	this	this	DET
ftr-433	1095	2	irr	irr	NOUN
ftr-433	1095	3	can	can	AUX
ftr-433	1095	4	be	be	AUX
ftr-433	1095	5	computed	compute	VERB
ftr-433	1095	6	by	by	ADP
ftr-433	1095	7	positing	posit	VERB
ftr-433	1095	8	a	a	DET
ftr-433	1095	9	$	$	SYM
ftr-433	1095	10	100	100	NUM
ftr-433	1095	11	deposit	deposit	NOUN
ftr-433	1095	12	that	that	PRON
ftr-433	1095	13	produces	produce	VERB
ftr-433	1095	14	an	an	DET
ftr-433	1095	15	income	income	NOUN
ftr-433	1095	16	stream	stream	NOUN
ftr-433	1095	17	identical	identical	ADJ
ftr-433	1095	18	to	to	ADP
ftr-433	1095	19	the	the	DET
ftr-433	1095	20	economic	economic	ADJ
ftr-433	1095	21	depreciation	depreciation	NOUN
ftr-433	1095	22	deduction	deduction	NOUN
ftr-433	1095	23	stream	stream	NOUN
ftr-433	1095	24	for	for	ADP
ftr-433	1095	25	a	a	DET
ftr-433	1095	26	$	$	SYM
ftr-433	1095	27	100	100	NUM
ftr-433	1095	28	investment	investment	NOUN
ftr-433	1095	29	.	.	PUNCT
ftr-433	1096	1	154	154	NUM
ftr-433	1096	2	.	.	PUNCT
ftr-433	1097	1	see	see	VERB
ftr-433	1097	2	discussion	discussion	NOUN
ftr-433	1097	3	at	at	ADP
ftr-433	1097	4	supra	supra	PROPN
ftr-433	1097	5	part	part	NOUN
ftr-433	1097	6	ii.f	ii.f	PROPN
ftr-433	1097	7	.	.	PUNCT
ftr-433	1098	1	between	between	ADP
ftr-433	1098	2	pre	pre	NOUN
ftr-433	1098	3	-	-	NOUN
ftr-433	1098	4	tax	tax	NOUN
ftr-433	1098	5	and	and	CCONJ
ftr-433	1098	6	after	after	ADP
ftr-433	1098	7	-	-	PUNCT
ftr-433	1098	8	tax	tax	NOUN
ftr-433	1098	9	rates	rate	NOUN
ftr-433	1098	10	of	of	ADP
ftr-433	1098	11	return	return	NOUN
ftr-433	1098	12	in	in	ADP
ftr-433	1098	13	exact	exact	ADJ
ftr-433	1098	14	proportion	proportion	NOUN
ftr-433	1098	15	to	to	ADP
ftr-433	1098	16	the	the	DET
ftr-433	1098	17	nominal	nominal	ADJ
ftr-433	1098	18	tax	tax	NOUN
ftr-433	1098	19	rate	rate	NOUN
ftr-433	1098	20	.	.	PUNCT
ftr-433	1099	1	as	as	ADP
ftr-433	1099	2	a	a	DET
ftr-433	1099	3	result	result	NOUN
ftr-433	1099	4	,	,	PUNCT
ftr-433	1099	5	the	the	DET
ftr-433	1099	6	irr	irr	NOUN
ftr-433	1099	7	etr	etr	PROPN
ftr-433	1099	8	always	always	ADV
ftr-433	1099	9	equals	equal	VERB
ftr-433	1099	10	the	the	DET
ftr-433	1099	11	nominal	nominal	ADJ
ftr-433	1099	12	tax	tax	NOUN
ftr-433	1099	13	rate.152	rate.152	NOUN
ftr-433	1099	14	2	2	NUM
ftr-433	1099	15	.	.	PUNCT
ftr-433	1099	16	internal	internal	ADJ
ftr-433	1099	17	rate	rate	NOUN
ftr-433	1099	18	of	of	ADP
ftr-433	1099	19	return	return	NOUN
ftr-433	1099	20	,	,	PUNCT
ftr-433	1099	21	net	net	ADJ
ftr-433	1099	22	present	present	ADJ
ftr-433	1099	23	value	value	NOUN
ftr-433	1099	24	and	and	CCONJ
ftr-433	1099	25	effective	effective	ADJ
ftr-433	1099	26	tax	tax	NOUN
ftr-433	1099	27	rates.—irr	rates.—irr	NOUN
ftr-433	1099	28	analysis	analysis	NOUN
ftr-433	1099	29	reveals	reveal	VERB
ftr-433	1099	30	the	the	DET
ftr-433	1099	31	key	key	ADJ
ftr-433	1099	32	role	role	NOUN
ftr-433	1099	33	that	that	PRON
ftr-433	1099	34	economic	economic	ADJ
ftr-433	1099	35	depreciation	depreciation	NOUN
ftr-433	1099	36	plays	play	VERB
ftr-433	1099	37	in	in	ADP
ftr-433	1099	38	producing	produce	VERB
ftr-433	1099	39	the	the	DET
ftr-433	1099	40	financial	financial	ADJ
ftr-433	1099	41	parameters	parameter	NOUN
ftr-433	1099	42	of	of	ADP
ftr-433	1099	43	a	a	DET
ftr-433	1099	44	break	break	NOUN
ftr-433	1099	45	-	-	PUNCT
ftr-433	1099	46	even	even	ADV
ftr-433	1099	47	investment	investment	NOUN
ftr-433	1099	48	in	in	ADP
ftr-433	1099	49	an	an	DET
ftr-433	1099	50	amit	amit	NOUN
ftr-433	1099	51	base	base	NOUN
ftr-433	1099	52	.	.	PUNCT
ftr-433	1100	1	for	for	ADP
ftr-433	1100	2	example	example	NOUN
ftr-433	1100	3	,	,	PUNCT
ftr-433	1100	4	the	the	DET
ftr-433	1100	5	irr	irr	NOUN
ftr-433	1100	6	of	of	ADP
ftr-433	1100	7	the	the	DET
ftr-433	1100	8	gross	gross	ADJ
ftr-433	1100	9	receipts	receipt	NOUN
ftr-433	1100	10	and	and	CCONJ
ftr-433	1100	11	ptcf	ptcf	NOUN
ftr-433	1100	12	streams	stream	NOUN
ftr-433	1100	13	in	in	ADP
ftr-433	1100	14	table	table	NOUN
ftr-433	1100	15	14	14	NUM
ftr-433	1100	16	is	be	AUX
ftr-433	1100	17	10	10	NUM
ftr-433	1100	18	%	%	NOUN
ftr-433	1100	19	,	,	PUNCT
ftr-433	1100	20	while	while	SCONJ
ftr-433	1100	21	the	the	DET
ftr-433	1100	22	irr	irr	NOUN
ftr-433	1100	23	of	of	ADP
ftr-433	1100	24	the	the	DET
ftr-433	1100	25	economic	economic	ADJ
ftr-433	1100	26	depreciation	depreciation	NOUN
ftr-433	1100	27	deduction	deduction	NOUN
ftr-433	1100	28	stream	stream	NOUN
ftr-433	1100	29	is	be	AUX
ftr-433	1100	30	0%.153	0%.153	VERB
ftr-433	1100	31	since	since	SCONJ
ftr-433	1100	32	taxable	taxable	ADJ
ftr-433	1100	33	income	income	NOUN
ftr-433	1100	34	is	be	AUX
ftr-433	1100	35	computed	compute	VERB
ftr-433	1100	36	as	as	ADP
ftr-433	1100	37	gross	gross	ADJ
ftr-433	1100	38	receipts	receipt	NOUN
ftr-433	1100	39	minus	minus	CCONJ
ftr-433	1100	40	depreciation	depreciation	NOUN
ftr-433	1100	41	,	,	PUNCT
ftr-433	1100	42	the	the	DET
ftr-433	1100	43	1net	1net	NUM
ftr-433	1100	44	pre	pre	ADJ
ftr-433	1100	45	-	-	ADJ
ftr-433	1100	46	tax	tax	ADJ
ftr-433	1100	47	irr	irr	NOUN
ftr-433	1100	48	(	(	PUNCT
ftr-433	1100	49	irr	irr	NOUN
ftr-433	1100	50	)	)	PUNCT
ftr-433	1100	51	is	be	AUX
ftr-433	1100	52	10	10	NUM
ftr-433	1100	53	%	%	NOUN
ftr-433	1100	54	minus	minus	ADP
ftr-433	1100	55	0	0	NUM
ftr-433	1100	56	%	%	NOUN
ftr-433	1100	57	.	.	PUNCT
ftr-433	1101	1	appropriately	appropriately	ADV
ftr-433	1101	2	,	,	PUNCT
ftr-433	1101	3	the	the	DET
ftr-433	1101	4	irr	irr	NOUN
ftr-433	1101	5	of	of	ADP
ftr-433	1101	6	the	the	DET
ftr-433	1101	7	atcf	atcf	NOUN
ftr-433	1101	8	2	2	NUM
ftr-433	1101	9	1stream	1stream	NUM
ftr-433	1101	10	(	(	PUNCT
ftr-433	1101	11	irr	irr	NOUN
ftr-433	1101	12	)	)	PUNCT
ftr-433	1101	13	is	be	AUX
ftr-433	1101	14	5	5	NUM
ftr-433	1101	15	%	%	NOUN
ftr-433	1101	16	,	,	PUNCT
ftr-433	1101	17	which	which	PRON
ftr-433	1101	18	equals	equal	VERB
ftr-433	1101	19	irr	irr	NOUN
ftr-433	1101	20	x	x	X
ftr-433	1101	21	(	(	PUNCT
ftr-433	1101	22	1	1	NUM
ftr-433	1101	23	t	t	NOUN
ftr-433	1101	24	)	)	PUNCT
ftr-433	1101	25	.	.	PUNCT
ftr-433	1102	1	as	as	ADP
ftr-433	1102	2	a	a	DET
ftr-433	1102	3	result	result	NOUN
ftr-433	1102	4	,	,	PUNCT
ftr-433	1102	5	the	the	DET
ftr-433	1102	6	irr	irr	NOUN
ftr-433	1102	7	etr	etr	PROPN
ftr-433	1102	8	(	(	PUNCT
ftr-433	1102	9	50	50	NUM
ftr-433	1102	10	%	%	NOUN
ftr-433	1102	11	)	)	PUNCT
ftr-433	1102	12	shows	show	VERB
ftr-433	1102	13	that	that	SCONJ
ftr-433	1102	14	the	the	DET
ftr-433	1102	15	rate	rate	NOUN
ftr-433	1102	16	of	of	ADP
ftr-433	1102	17	return	return	NOUN
ftr-433	1102	18	on	on	ADP
ftr-433	1102	19	investment	investment	NOUN
ftr-433	1102	20	is	be	AUX
ftr-433	1102	21	reduced	reduce	VERB
ftr-433	1102	22	exactly	exactly	ADV
ftr-433	1102	23	in	in	ADP
ftr-433	1102	24	proportion	proportion	NOUN
ftr-433	1102	25	to	to	ADP
ftr-433	1102	26	the	the	DET
ftr-433	1102	27	nominal	nominal	ADJ
ftr-433	1102	28	tax	tax	NOUN
ftr-433	1102	29	rate	rate	NOUN
ftr-433	1102	30	.	.	PUNCT
ftr-433	1103	1	net	net	ADJ
ftr-433	1103	2	present	present	ADJ
ftr-433	1103	3	value	value	NOUN
ftr-433	1103	4	(	(	PUNCT
ftr-433	1103	5	npv	npv	NOUN
ftr-433	1103	6	)	)	PUNCT
ftr-433	1103	7	analysis	analysis	NOUN
ftr-433	1103	8	also	also	ADV
ftr-433	1103	9	allows	allow	VERB
ftr-433	1103	10	us	we	PRON
ftr-433	1103	11	to	to	PART
ftr-433	1103	12	make	make	VERB
ftr-433	1103	13	significant	significant	ADJ
ftr-433	1103	14	observations	observation	NOUN
ftr-433	1103	15	about	about	ADP
ftr-433	1103	16	the	the	DET
ftr-433	1103	17	role	role	NOUN
ftr-433	1103	18	economic	economic	ADJ
ftr-433	1103	19	depreciation	depreciation	NOUN
ftr-433	1103	20	plays	play	NOUN
ftr-433	1103	21	in	in	ADP
ftr-433	1103	22	amit	amit	PROPN
ftr-433	1103	23	base	base	PROPN
ftr-433	1103	24	1accounting	1accounting	PROPN
ftr-433	1103	25	.	.	PUNCT
ftr-433	1104	1	first	first	ADV
ftr-433	1104	2	,	,	PUNCT
ftr-433	1104	3	notice	notice	VERB
ftr-433	1104	4	in	in	ADP
ftr-433	1104	5	table	table	NOUN
ftr-433	1104	6	14	14	NUM
ftr-433	1104	7	that	that	SCONJ
ftr-433	1104	8	the	the	DET
ftr-433	1104	9	npv	npv	NOUN
ftr-433	1104	10	of	of	ADP
ftr-433	1104	11	taxable	taxable	ADJ
ftr-433	1104	12	income	income	NOUN
ftr-433	1104	13	(	(	PUNCT
ftr-433	1104	14	$	$	SYM
ftr-433	1104	15	21.65	21.65	NUM
ftr-433	1104	16	)	)	PUNCT
ftr-433	1104	17	1equals	1equal	NOUN
ftr-433	1104	18	the	the	DET
ftr-433	1104	19	difference	difference	NOUN
ftr-433	1104	20	between	between	ADP
ftr-433	1104	21	the	the	DET
ftr-433	1104	22	npv	npv	NOUN
ftr-433	1104	23	of	of	ADP
ftr-433	1104	24	the	the	DET
ftr-433	1104	25	g.i	g.i	PROPN
ftr-433	1104	26	.	.	PROPN
ftr-433	1104	27	and	and	CCONJ
ftr-433	1104	28	ptcf	ptcf	PROPN
ftr-433	1104	29	streams	stream	NOUN
ftr-433	1104	30	(	(	PUNCT
ftr-433	1104	31	$	$	SYM
ftr-433	1104	32	100	100	NUM
ftr-433	1104	33	)	)	PUNCT
ftr-433	1104	34	1and	1and	NUM
ftr-433	1104	35	the	the	DET
ftr-433	1104	36	pv	pv	NOUN
ftr-433	1104	37	of	of	ADP
ftr-433	1104	38	the	the	DET
ftr-433	1104	39	economic	economic	ADJ
ftr-433	1104	40	depreciation	depreciation	NOUN
ftr-433	1104	41	deduction	deduction	NOUN
ftr-433	1104	42	stream	stream	NOUN
ftr-433	1104	43	(	(	PUNCT
ftr-433	1104	44	$	$	SYM
ftr-433	1104	45	78.35	78.35	NUM
ftr-433	1104	46	)	)	PUNCT
ftr-433	1104	47	.	.	PUNCT
ftr-433	1105	1	similarly	similarly	ADV
ftr-433	1105	2	,	,	PUNCT
ftr-433	1105	3	2	2	NUM
ftr-433	1105	4	2the	2the	NUM
ftr-433	1105	5	npv	npv	NOUN
ftr-433	1105	6	of	of	ADP
ftr-433	1105	7	taxable	taxable	ADJ
ftr-433	1105	8	income	income	NOUN
ftr-433	1105	9	(	(	PUNCT
ftr-433	1105	10	$	$	SYM
ftr-433	1105	11	23.73	23.73	NUM
ftr-433	1105	12	)	)	PUNCT
ftr-433	1105	13	equals	equal	VERB
ftr-433	1105	14	the	the	DET
ftr-433	1105	15	difference	difference	NOUN
ftr-433	1105	16	between	between	ADP
ftr-433	1105	17	the	the	DET
ftr-433	1105	18	npv	npv	NOUN
ftr-433	1105	19	2of	2of	NOUN
ftr-433	1105	20	the	the	DET
ftr-433	1105	21	g.i	g.i	PROPN
ftr-433	1105	22	.	.	PROPN
ftr-433	1105	23	and	and	CCONJ
ftr-433	1105	24	ptcf	ptcf	PROPN
ftr-433	1105	25	streams	stream	NOUN
ftr-433	1105	26	(	(	PUNCT
ftr-433	1105	27	$	$	SYM
ftr-433	1105	28	100	100	NUM
ftr-433	1105	29	)	)	PUNCT
ftr-433	1105	30	and	and	CCONJ
ftr-433	1105	31	the	the	DET
ftr-433	1105	32	pv	pv	NOUN
ftr-433	1105	33	of	of	ADP
ftr-433	1105	34	the	the	DET
ftr-433	1105	35	economic	economic	ADJ
ftr-433	1105	36	depreciation	depreciation	NOUN
ftr-433	1105	37	deduction	deduction	NOUN
ftr-433	1105	38	stream	stream	NOUN
ftr-433	1105	39	(	(	PUNCT
ftr-433	1105	40	$	$	SYM
ftr-433	1105	41	88.14	88.14	NUM
ftr-433	1105	42	)	)	PUNCT
ftr-433	1105	43	.	.	PUNCT
ftr-433	1106	1	this	this	PRON
ftr-433	1106	2	shows	show	VERB
ftr-433	1106	3	that	that	SCONJ
ftr-433	1106	4	financial	financial	ADJ
ftr-433	1106	5	taxable	taxable	ADJ
ftr-433	1106	6	income	income	NOUN
ftr-433	1106	7	,	,	PUNCT
ftr-433	1106	8	as	as	SCONJ
ftr-433	1106	9	measured	measure	VERB
ftr-433	1106	10	by	by	ADP
ftr-433	1106	11	npv	npv	NOUN
ftr-433	1106	12	,	,	PUNCT
ftr-433	1106	13	is	be	AUX
ftr-433	1106	14	computed	compute	VERB
ftr-433	1106	15	in	in	ADP
ftr-433	1106	16	the	the	DET
ftr-433	1106	17	same	same	ADJ
ftr-433	1106	18	manner	manner	NOUN
ftr-433	1106	19	as	as	ADP
ftr-433	1106	20	nominal	nominal	ADJ
ftr-433	1106	21	taxable	taxable	ADJ
ftr-433	1106	22	income	income	NOUN
ftr-433	1106	23	.	.	PUNCT
ftr-433	1107	1	second	second	ADJ
ftr-433	1107	2	,	,	PUNCT
ftr-433	1107	3	the	the	DET
ftr-433	1107	4	net	net	ADJ
ftr-433	1107	5	financial	financial	ADJ
ftr-433	1107	6	value	value	NOUN
ftr-433	1107	7	of	of	ADP
ftr-433	1107	8	the	the	DET
ftr-433	1107	9	after	after	ADP
ftr-433	1107	10	-	-	PUNCT
ftr-433	1107	11	tax	tax	NOUN
ftr-433	1107	12	cash	cash	NOUN
ftr-433	1107	13	flow	flow	NOUN
ftr-433	1107	14	equals	equal	VERB
ftr-433	1107	15	zero	zero	NUM
ftr-433	1107	16	because	because	SCONJ
ftr-433	1107	17	the	the	DET
ftr-433	1107	18	financial	financial	ADJ
ftr-433	1107	19	value	value	NOUN
ftr-433	1107	20	of	of	ADP
ftr-433	1107	21	economic	economic	ADJ
ftr-433	1107	22	depreciation	depreciation	NOUN
ftr-433	1107	23	produces	produce	VERB
ftr-433	1107	24	exactly	exactly	ADV
ftr-433	1107	25	the	the	DET
ftr-433	1107	26	financial	financial	ADJ
ftr-433	1107	27	value	value	NOUN
ftr-433	1107	28	of	of	ADP
ftr-433	1107	29	taxable	taxable	ADJ
ftr-433	1107	30	income	income	NOUN
ftr-433	1107	31	necessary	necessary	ADJ
ftr-433	1107	32	to	to	PART
ftr-433	1107	33	produce	produce	VERB
ftr-433	1107	34	that	that	DET
ftr-433	1107	35	zero	zero	NUM
ftr-433	1107	36	net	net	ADJ
ftr-433	1107	37	present	present	ADJ
ftr-433	1107	38	2value	2value	NUM
ftr-433	1107	39	.	.	PUNCT
ftr-433	1108	1	in	in	ADP
ftr-433	1108	2	table	table	NOUN
ftr-433	1108	3	14	14	NUM
ftr-433	1108	4	,	,	PUNCT
ftr-433	1108	5	for	for	ADP
ftr-433	1108	6	example	example	NOUN
ftr-433	1108	7	,	,	PUNCT
ftr-433	1108	8	the	the	DET
ftr-433	1108	9	npv	npv	NOUN
ftr-433	1108	10	of	of	ADP
ftr-433	1108	11	the	the	DET
ftr-433	1108	12	ptcf	ptcf	NOUN
ftr-433	1108	13	(	(	PUNCT
ftr-433	1108	14	$	$	SYM
ftr-433	1108	15	11.86	11.86	NUM
ftr-433	1108	16	)	)	PUNCT
ftr-433	1108	17	equals	equal	VERB
ftr-433	1108	18	the	the	DET
ftr-433	1108	19	2npv	2npv	NOUN
ftr-433	1108	20	of	of	ADP
ftr-433	1108	21	the	the	DET
ftr-433	1108	22	tax	tax	NOUN
ftr-433	1108	23	paid	pay	VERB
ftr-433	1108	24	on	on	ADP
ftr-433	1108	25	the	the	DET
ftr-433	1108	26	transaction	transaction	NOUN
ftr-433	1108	27	.	.	PUNCT
ftr-433	1109	1	this	this	PRON
ftr-433	1109	2	shows	show	VERB
ftr-433	1109	3	that	that	SCONJ
ftr-433	1109	4	the	the	DET
ftr-433	1109	5	financial	financial	ADJ
ftr-433	1109	6	return	return	NOUN
ftr-433	1109	7	from	from	ADP
ftr-433	1109	8	the	the	DET
ftr-433	1109	9	investment	investment	NOUN
ftr-433	1109	10	measured	measure	VERB
ftr-433	1109	11	by	by	ADP
ftr-433	1109	12	the	the	DET
ftr-433	1109	13	after	after	ADP
ftr-433	1109	14	-	-	PUNCT
ftr-433	1109	15	tax	tax	NOUN
ftr-433	1109	16	discount	discount	NOUN
ftr-433	1109	17	rate	rate	NOUN
ftr-433	1109	18	is	be	AUX
ftr-433	1109	19	used	use	VERB
ftr-433	1109	20	exclusively	exclusively	ADV
ftr-433	1109	21	to	to	PART
ftr-433	1109	22	pay	pay	VERB
ftr-433	1109	23	the	the	DET
ftr-433	1109	24	tax	tax	NOUN
ftr-433	1109	25	due	due	ADP
ftr-433	1109	26	on	on	ADP
ftr-433	1109	27	the	the	DET
ftr-433	1109	28	transaction	transaction	NOUN
ftr-433	1109	29	.	.	PUNCT
ftr-433	1110	1	as	as	ADP
ftr-433	1110	2	a	a	DET
ftr-433	1110	3	result	result	NOUN
ftr-433	1110	4	,	,	PUNCT
ftr-433	1110	5	none	none	NOUN
ftr-433	1110	6	of	of	ADP
ftr-433	1110	7	the	the	DET
ftr-433	1110	8	after	after	ADP
ftr-433	1110	9	-	-	PUNCT
ftr-433	1110	10	tax	tax	NOUN
ftr-433	1110	11	present	present	NOUN
ftr-433	1110	12	2value	2value	NUM
ftr-433	1110	13	of	of	ADP
ftr-433	1110	14	the	the	DET
ftr-433	1110	15	transaction	transaction	NOUN
ftr-433	1110	16	inures	inure	VERB
ftr-433	1110	17	to	to	ADP
ftr-433	1110	18	the	the	DET
ftr-433	1110	19	benefit	benefit	NOUN
ftr-433	1110	20	of	of	ADP
ftr-433	1110	21	the	the	DET
ftr-433	1110	22	taxpayer	taxpayer	NOUN
ftr-433	1110	23	,	,	PUNCT
ftr-433	1110	24	and	and	CCONJ
ftr-433	1110	25	the	the	DET
ftr-433	1110	26	npv	npv	NOUN
ftr-433	1110	27	of	of	ADP
ftr-433	1110	28	the	the	DET
ftr-433	1110	29	atcf	atcf	NOUN
ftr-433	1110	30	is	be	AUX
ftr-433	1110	31	zero	zero	NUM
ftr-433	1110	32	.	.	PUNCT
ftr-433	1111	1	this	this	PRON
ftr-433	1111	2	also	also	ADV
ftr-433	1111	3	produces	produce	VERB
ftr-433	1111	4	a	a	DET
ftr-433	1111	5	100	100	NUM
ftr-433	1111	6	%	%	NOUN
ftr-433	1111	7	npv	npv	NOUN
ftr-433	1111	8	effective	effective	ADJ
ftr-433	1111	9	tax	tax	NOUN
ftr-433	1111	10	rate.154	rate.154	ADJ
ftr-433	1111	11	economic	economic	ADJ
ftr-433	1111	12	depreciation	depreciation	NOUN
ftr-433	1111	13	causes	cause	VERB
ftr-433	1111	14	the	the	DET
ftr-433	1111	15	entire	entire	ADJ
ftr-433	1111	16	after	after	ADP
ftr-433	1111	17	-	-	PUNCT
ftr-433	1111	18	tax	tax	NOUN
ftr-433	1111	19	financial	financial	ADJ
ftr-433	1111	20	return	return	NOUN
ftr-433	1111	21	from	from	ADP
ftr-433	1111	22	a	a	DET
ftr-433	1111	23	break	break	NOUN
ftr-433	1111	24	-	-	PUNCT
ftr-433	1111	25	even	even	ADV
ftr-433	1111	26	financial	financial	ADJ
ftr-433	1111	27	investment	investment	NOUN
ftr-433	1111	28	to	to	PART
ftr-433	1111	29	be	be	AUX
ftr-433	1111	30	paid	pay	VERB
ftr-433	1111	31	as	as	ADP
ftr-433	1111	32	tax	tax	NOUN
ftr-433	1111	33	and	and	CCONJ
ftr-433	1111	34	therefore	therefore	ADV
ftr-433	1111	35	provides	provide	VERB
ftr-433	1111	36	no	no	DET
ftr-433	1111	37	net	net	ADJ
ftr-433	1111	38	financial	financial	ADJ
ftr-433	1111	39	benefit	benefit	NOUN
ftr-433	1111	40	to	to	ADP
ftr-433	1111	41	the	the	DET
ftr-433	1111	42	taxpayer	taxpayer	NOUN
ftr-433	1111	43	/	/	SYM
ftr-433	1111	44	investor	investor	NOUN
ftr-433	1111	45	after	after	ADP
ftr-433	1111	46	tax	tax	NOUN
ftr-433	1111	47	.	.	PUNCT
ftr-433	1112	1	this	this	PRON
ftr-433	1112	2	is	be	AUX
ftr-433	1112	3	appropriate	appropriate	ADJ
ftr-433	1112	4	in	in	ADP
ftr-433	1112	5	a	a	DET
ftr-433	1112	6	2002	2002	NUM
ftr-433	1112	7	]	]	PUNCT
ftr-433	1112	8	normative	normative	ADJ
ftr-433	1112	9	capital	capital	NOUN
ftr-433	1112	10	cost	cost	NOUN
ftr-433	1112	11	recovery	recovery	NOUN
ftr-433	1112	12	519	519	NUM
ftr-433	1112	13	155	155	NUM
ftr-433	1112	14	.	.	PUNCT
ftr-433	1113	1	e.g.	e.g.	ADV
ftr-433	1113	2	,	,	PUNCT
ftr-433	1113	3	summers	summer	NOUN
ftr-433	1113	4	,	,	PUNCT
ftr-433	1113	5	investment	investment	NOUN
ftr-433	1113	6	incentives	incentive	NOUN
ftr-433	1113	7	and	and	CCONJ
ftr-433	1113	8	the	the	DET
ftr-433	1113	9	discounting	discounting	NOUN
ftr-433	1113	10	of	of	ADP
ftr-433	1113	11	depreciation	depreciation	NOUN
ftr-433	1113	12	allowances	allowance	NOUN
ftr-433	1113	13	(	(	PUNCT
ftr-433	1113	14	nat’l	nat’l	NUM
ftr-433	1113	15	bureau	bureau	PROPN
ftr-433	1113	16	of	of	ADP
ftr-433	1113	17	econ	econ	PROPN
ftr-433	1113	18	.	.	PUNCT
ftr-433	1114	1	research	research	PROPN
ftr-433	1114	2	,	,	PUNCT
ftr-433	1114	3	working	work	VERB
ftr-433	1114	4	paper	paper	NOUN
ftr-433	1114	5	no	no	NOUN
ftr-433	1114	6	.	.	PROPN
ftr-433	1114	7	1941	1941	NUM
ftr-433	1114	8	,	,	PUNCT
ftr-433	1114	9	1986	1986	NUM
ftr-433	1114	10	)	)	PUNCT
ftr-433	1114	11	(	(	PUNCT
ftr-433	1114	12	empirical	empirical	ADJ
ftr-433	1114	13	survey	survey	NOUN
ftr-433	1114	14	of	of	ADP
ftr-433	1114	15	200	200	NUM
ftr-433	1114	16	major	major	ADJ
ftr-433	1114	17	corporations	corporation	NOUN
ftr-433	1114	18	suggests	suggest	VERB
ftr-433	1114	19	that	that	SCONJ
ftr-433	1114	20	most	most	ADJ
ftr-433	1114	21	companies	company	NOUN
ftr-433	1114	22	use	use	VERB
ftr-433	1114	23	high	high	ADJ
ftr-433	1114	24	discount	discount	NOUN
ftr-433	1114	25	rates	rate	NOUN
ftr-433	1114	26	for	for	ADP
ftr-433	1114	27	prospective	prospective	ADJ
ftr-433	1114	28	depreciation	depreciation	NOUN
ftr-433	1114	29	allowances	allowance	NOUN
ftr-433	1114	30	,	,	PUNCT
ftr-433	1114	31	calling	call	VERB
ftr-433	1114	32	into	into	ADP
ftr-433	1114	33	question	question	NOUN
ftr-433	1114	34	assumptions	assumption	NOUN
ftr-433	1114	35	about	about	ADP
ftr-433	1114	36	cost	cost	NOUN
ftr-433	1114	37	recovery	recovery	NOUN
ftr-433	1114	38	design	design	NOUN
ftr-433	1114	39	,	,	PUNCT
ftr-433	1114	40	and	and	CCONJ
ftr-433	1114	41	suggesting	suggest	VERB
ftr-433	1114	42	that	that	SCONJ
ftr-433	1114	43	incentives	incentive	NOUN
ftr-433	1114	44	providing	provide	VERB
ftr-433	1114	45	immediate	immediate	ADJ
ftr-433	1114	46	reduction	reduction	NOUN
ftr-433	1114	47	in	in	ADP
ftr-433	1114	48	tax	tax	NOUN
ftr-433	1114	49	liabilities	liability	NOUN
ftr-433	1114	50	are	be	AUX
ftr-433	1114	51	more	more	ADV
ftr-433	1114	52	useful	useful	ADJ
ftr-433	1114	53	than	than	ADP
ftr-433	1114	54	multi	multi	ADJ
ftr-433	1114	55	-	-	ADJ
ftr-433	1114	56	period	period	NOUN
ftr-433	1114	57	incentives	incentive	NOUN
ftr-433	1114	58	.	.	PUNCT
ftr-433	1114	59	)	)	PUNCT
ftr-433	1114	60	.	.	PUNCT
ftr-433	1115	1	156	156	NUM
ftr-433	1115	2	.	.	PUNCT
ftr-433	1116	1	the	the	DET
ftr-433	1116	2	hurdle	hurdle	NOUN
ftr-433	1116	3	rate	rate	NOUN
ftr-433	1116	4	analysis	analysis	NOUN
ftr-433	1116	5	in	in	ADP
ftr-433	1116	6	this	this	DET
ftr-433	1116	7	article	article	NOUN
ftr-433	1116	8	borrows	borrow	VERB
ftr-433	1116	9	generally	generally	ADV
ftr-433	1116	10	from	from	ADP
ftr-433	1116	11	knoll	knoll	NOUN
ftr-433	1116	12	,	,	PUNCT
ftr-433	1116	13	supra	supra	PROPN
ftr-433	1116	14	note	note	PROPN
ftr-433	1116	15	94	94	NUM
ftr-433	1116	16	,	,	PUNCT
ftr-433	1116	17	at	at	ADP
ftr-433	1116	18	1803	1803	NUM
ftr-433	1116	19	-	-	SYM
ftr-433	1116	20	05	05	NUM
ftr-433	1116	21	.	.	PUNCT
ftr-433	1117	1	157	157	NUM
ftr-433	1117	2	.	.	PUNCT
ftr-433	1118	1	in	in	ADP
ftr-433	1118	2	our	our	PRON
ftr-433	1118	3	investment	investment	NOUN
ftr-433	1118	4	model	model	NOUN
ftr-433	1118	5	,	,	PUNCT
ftr-433	1118	6	this	this	DET
ftr-433	1118	7	discount	discount	NOUN
ftr-433	1118	8	rate	rate	NOUN
ftr-433	1118	9	is	be	AUX
ftr-433	1118	10	presumed	presume	VERB
ftr-433	1118	11	to	to	PART
ftr-433	1118	12	be	be	AUX
ftr-433	1118	13	10	10	NUM
ftr-433	1118	14	%	%	NOUN
ftr-433	1118	15	.	.	PUNCT
ftr-433	1119	1	1	1	NUM
ftr-433	1119	2	1158	1158	NUM
ftr-433	1119	3	.	.	PUNCT
ftr-433	1120	1	this	this	PRON
ftr-433	1120	2	is	be	AUX
ftr-433	1120	3	shown	show	VERB
ftr-433	1120	4	by	by	ADP
ftr-433	1120	5	the	the	DET
ftr-433	1120	6	fact	fact	NOUN
ftr-433	1120	7	that	that	SCONJ
ftr-433	1120	8	the	the	DET
ftr-433	1120	9	pv	pv	NOUN
ftr-433	1120	10	of	of	ADP
ftr-433	1120	11	the	the	DET
ftr-433	1120	12	ptcf	ptcf	NOUN
ftr-433	1120	13	is	be	AUX
ftr-433	1120	14	always	always	ADV
ftr-433	1120	15	zero	zero	NUM
ftr-433	1120	16	if	if	SCONJ
ftr-433	1120	17	d	d	NOUN
ftr-433	1120	18	equals	equal	VERB
ftr-433	1120	19	10	10	NUM
ftr-433	1120	20	%	%	NOUN
ftr-433	1120	21	and	and	CCONJ
ftr-433	1120	22	the	the	DET
ftr-433	1120	23	yield	yield	NOUN
ftr-433	1120	24	equals	equal	VERB
ftr-433	1120	25	10	10	NUM
ftr-433	1120	26	%	%	NOUN
ftr-433	1120	27	.	.	PUNCT
ftr-433	1121	1	see	see	VERB
ftr-433	1121	2	supra	supra	ADJ
ftr-433	1121	3	table	table	NOUN
ftr-433	1121	4	1	1	NUM
ftr-433	1121	5	through	through	ADP
ftr-433	1121	6	table	table	NOUN
ftr-433	1121	7	5	5	NUM
ftr-433	1121	8	.	.	PUNCT
ftr-433	1121	9	tax	tax	NOUN
ftr-433	1121	10	system	system	NOUN
ftr-433	1121	11	that	that	PRON
ftr-433	1121	12	taxes	taxis	NOUN
ftr-433	1121	13	and	and	CCONJ
ftr-433	1121	14	measures	measure	NOUN
ftr-433	1121	15	only	only	ADV
ftr-433	1121	16	net	net	ADJ
ftr-433	1121	17	change	change	NOUN
ftr-433	1121	18	in	in	ADP
ftr-433	1121	19	pre	pre	ADJ
ftr-433	1121	20	-	-	ADJ
ftr-433	1121	21	tax	tax	ADJ
ftr-433	1121	22	asset	asset	NOUN
ftr-433	1121	23	values	value	NOUN
ftr-433	1121	24	because	because	SCONJ
ftr-433	1121	25	no	no	DET
ftr-433	1121	26	change	change	NOUN
ftr-433	1121	27	in	in	ADP
ftr-433	1121	28	pre	pre	ADJ
ftr-433	1121	29	-	-	ADJ
ftr-433	1121	30	tax	tax	ADJ
ftr-433	1121	31	asset	asset	NOUN
ftr-433	1121	32	value	value	NOUN
ftr-433	1121	33	occurs	occur	VERB
ftr-433	1121	34	when	when	SCONJ
ftr-433	1121	35	this	this	DET
ftr-433	1121	36	type	type	NOUN
ftr-433	1121	37	of	of	ADP
ftr-433	1121	38	break	break	NOUN
ftr-433	1121	39	-	-	PUNCT
ftr-433	1121	40	even	even	ADV
ftr-433	1121	41	investment	investment	NOUN
ftr-433	1121	42	takes	take	VERB
ftr-433	1121	43	place	place	NOUN
ftr-433	1121	44	.	.	PUNCT
ftr-433	1122	1	although	although	SCONJ
ftr-433	1122	2	economic	economic	ADJ
ftr-433	1122	3	depreciation	depreciation	NOUN
ftr-433	1122	4	does	do	AUX
ftr-433	1122	5	not	not	PART
ftr-433	1122	6	cause	cause	VERB
ftr-433	1122	7	the	the	DET
ftr-433	1122	8	present	present	ADJ
ftr-433	1122	9	value	value	NOUN
ftr-433	1122	10	of	of	ADP
ftr-433	1122	11	the	the	DET
ftr-433	1122	12	taxpayer	taxpayer	NOUN
ftr-433	1122	13	’s	’s	PART
ftr-433	1122	14	depreciation	depreciation	NOUN
ftr-433	1122	15	deductions	deduction	NOUN
ftr-433	1122	16	to	to	PART
ftr-433	1122	17	equal	equal	VERB
ftr-433	1122	18	the	the	DET
ftr-433	1122	19	amount	amount	NOUN
ftr-433	1122	20	invested	invest	VERB
ftr-433	1122	21	,	,	PUNCT
ftr-433	1122	22	it	it	PRON
ftr-433	1122	23	does	do	AUX
ftr-433	1122	24	cause	cause	VERB
ftr-433	1122	25	the	the	DET
ftr-433	1122	26	present	present	ADJ
ftr-433	1122	27	value	value	NOUN
ftr-433	1122	28	of	of	ADP
ftr-433	1122	29	the	the	DET
ftr-433	1122	30	taxpayer	taxpayer	NOUN
ftr-433	1122	31	’s	’s	PART
ftr-433	1122	32	after	after	ADP
ftr-433	1122	33	-	-	PUNCT
ftr-433	1122	34	tax	tax	NOUN
ftr-433	1122	35	cash	cash	NOUN
ftr-433	1122	36	flow	flow	NOUN
ftr-433	1122	37	to	to	PART
ftr-433	1122	38	equal	equal	VERB
ftr-433	1122	39	the	the	DET
ftr-433	1122	40	amount	amount	NOUN
ftr-433	1122	41	invested	invest	VERB
ftr-433	1122	42	.	.	PUNCT
ftr-433	1123	1	therefore	therefore	ADV
ftr-433	1123	2	the	the	DET
ftr-433	1123	3	transaction	transaction	NOUN
ftr-433	1123	4	has	have	VERB
ftr-433	1123	5	a	a	DET
ftr-433	1123	6	zero	zero	NUM
ftr-433	1123	7	net	net	ADJ
ftr-433	1123	8	present	present	ADJ
ftr-433	1123	9	value	value	NOUN
ftr-433	1123	10	to	to	ADP
ftr-433	1123	11	an	an	DET
ftr-433	1123	12	amit	amit	NOUN
ftr-433	1123	13	base	base	NOUN
ftr-433	1123	14	taxpayer	taxpayer	NOUN
ftr-433	1123	15	both	both	CCONJ
ftr-433	1123	16	before	before	ADP
ftr-433	1123	17	and	and	CCONJ
ftr-433	1123	18	after	after	ADP
ftr-433	1123	19	tax	tax	NOUN
ftr-433	1123	20	.	.	PUNCT
ftr-433	1124	1	the	the	DET
ftr-433	1124	2	combined	combined	ADJ
ftr-433	1124	3	irr	irr	NOUN
ftr-433	1124	4	and	and	CCONJ
ftr-433	1124	5	npv	npv	NOUN
ftr-433	1124	6	analyses	analysis	NOUN
ftr-433	1124	7	show	show	VERB
ftr-433	1124	8	that	that	SCONJ
ftr-433	1124	9	economic	economic	ADJ
ftr-433	1124	10	depreciation	depreciation	NOUN
ftr-433	1124	11	,	,	PUNCT
ftr-433	1124	12	in	in	ADP
ftr-433	1124	13	addition	addition	NOUN
ftr-433	1124	14	to	to	ADP
ftr-433	1124	15	providing	provide	VERB
ftr-433	1124	16	appropriate	appropriate	ADJ
ftr-433	1124	17	rates	rate	NOUN
ftr-433	1124	18	of	of	ADP
ftr-433	1124	19	return	return	NOUN
ftr-433	1124	20	,	,	PUNCT
ftr-433	1124	21	as	as	SCONJ
ftr-433	1124	22	measured	measure	VERB
ftr-433	1124	23	by	by	ADP
ftr-433	1124	24	irr	irr	PROPN
ftr-433	1124	25	,	,	PUNCT
ftr-433	1124	26	also	also	ADV
ftr-433	1124	27	produces	produce	VERB
ftr-433	1124	28	appropriate	appropriate	ADJ
ftr-433	1124	29	financial	financial	ADJ
ftr-433	1124	30	values	value	NOUN
ftr-433	1124	31	for	for	ADP
ftr-433	1124	32	financial	financial	ADJ
ftr-433	1124	33	break	break	NOUN
ftr-433	1124	34	-	-	PUNCT
ftr-433	1124	35	even	even	ADV
ftr-433	1124	36	investments	investment	NOUN
ftr-433	1124	37	in	in	ADP
ftr-433	1124	38	depreciable	depreciable	ADJ
ftr-433	1124	39	assets	asset	NOUN
ftr-433	1124	40	in	in	ADP
ftr-433	1124	41	an	an	DET
ftr-433	1124	42	amit	amit	NOUN
ftr-433	1124	43	base	base	NOUN
ftr-433	1124	44	,	,	PUNCT
ftr-433	1124	45	as	as	SCONJ
ftr-433	1124	46	measured	measure	VERB
ftr-433	1124	47	by	by	ADP
ftr-433	1124	48	npv	npv	NOUN
ftr-433	1124	49	.	.	PUNCT
ftr-433	1125	1	3	3	X
ftr-433	1125	2	.	.	X
ftr-433	1125	3	hurdle	hurdle	NOUN
ftr-433	1125	4	rates	rate	NOUN
ftr-433	1125	5	and	and	CCONJ
ftr-433	1125	6	the	the	DET
ftr-433	1125	7	effect	effect	NOUN
ftr-433	1125	8	of	of	ADP
ftr-433	1125	9	increased	increase	VERB
ftr-433	1125	10	yield	yield	NOUN
ftr-433	1125	11	rates	rate	NOUN
ftr-433	1125	12	on	on	ADP
ftr-433	1125	13	irr	irr	PROPN
ftr-433	1125	14	etr	etr	PROPN
ftr-433	1125	15	and	and	CCONJ
ftr-433	1125	16	npv	npv	NOUN
ftr-433	1125	17	etr.—investments	etr.—investment	NOUN
ftr-433	1125	18	rarely	rarely	ADV
ftr-433	1125	19	occur	occur	VERB
ftr-433	1125	20	in	in	ADP
ftr-433	1125	21	the	the	DET
ftr-433	1125	22	real	real	ADJ
ftr-433	1125	23	world	world	NOUN
ftr-433	1125	24	unless	unless	SCONJ
ftr-433	1125	25	their	their	PRON
ftr-433	1125	26	projected	project	VERB
ftr-433	1125	27	net	net	ADJ
ftr-433	1125	28	present	present	ADJ
ftr-433	1125	29	value	value	NOUN
ftr-433	1125	30	exceeds	exceed	VERB
ftr-433	1125	31	their	their	PRON
ftr-433	1125	32	cost	cost	NOUN
ftr-433	1125	33	.	.	PUNCT
ftr-433	1126	1	such	such	DET
ftr-433	1126	2	a	a	DET
ftr-433	1126	3	situation	situation	NOUN
ftr-433	1126	4	only	only	ADV
ftr-433	1126	5	exists	exist	VERB
ftr-433	1126	6	where	where	SCONJ
ftr-433	1126	7	an	an	DET
ftr-433	1126	8	asset	asset	NOUN
ftr-433	1126	9	’s	’s	PART
ftr-433	1126	10	projected	project	VERB
ftr-433	1126	11	yield	yield	NOUN
ftr-433	1126	12	rate	rate	NOUN
ftr-433	1126	13	exceeds	exceed	VERB
ftr-433	1126	14	a	a	DET
ftr-433	1126	15	baseline	baseline	ADJ
ftr-433	1126	16	discount	discount	NOUN
ftr-433	1126	17	rate	rate	NOUN
ftr-433	1126	18	used	use	VERB
ftr-433	1126	19	by	by	ADP
ftr-433	1126	20	the	the	DET
ftr-433	1126	21	relevant	relevant	ADJ
ftr-433	1126	22	financial	financial	ADJ
ftr-433	1126	23	decision	decision	NOUN
ftr-433	1126	24	makers	maker	NOUN
ftr-433	1126	25	.	.	PUNCT
ftr-433	1127	1	this	this	DET
ftr-433	1127	2	article	article	NOUN
ftr-433	1127	3	calls	call	VERB
ftr-433	1127	4	the	the	DET
ftr-433	1127	5	rate	rate	NOUN
ftr-433	1127	6	of	of	ADP
ftr-433	1127	7	return	return	NOUN
ftr-433	1127	8	that	that	SCONJ
ftr-433	1127	9	an155	an155	PROPN
ftr-433	1127	10	investment	investment	NOUN
ftr-433	1127	11	must	must	AUX
ftr-433	1127	12	earn	earn	VERB
ftr-433	1127	13	in	in	ADP
ftr-433	1127	14	order	order	NOUN
ftr-433	1127	15	to	to	PART
ftr-433	1127	16	produce	produce	VERB
ftr-433	1127	17	a	a	DET
ftr-433	1127	18	positive	positive	ADJ
ftr-433	1127	19	net	net	ADJ
ftr-433	1127	20	present	present	ADJ
ftr-433	1127	21	value	value	NOUN
ftr-433	1127	22	a	a	DET
ftr-433	1127	23	“	"	PUNCT
ftr-433	1127	24	hurdle	hurdle	NOUN
ftr-433	1127	25	rate	rate	NOUN
ftr-433	1127	26	.	.	PUNCT
ftr-433	1127	27	”	"	PUNCT
ftr-433	1128	1	in	in	ADP
ftr-433	1128	2	a	a	DET
ftr-433	1128	3	no	no	DET
ftr-433	1128	4	-	-	PUNCT
ftr-433	1128	5	tax	tax	NOUN
ftr-433	1128	6	world	world	NOUN
ftr-433	1128	7	,	,	PUNCT
ftr-433	1128	8	the	the	DET
ftr-433	1128	9	hurdle	hurdle	NOUN
ftr-433	1128	10	rate	rate	NOUN
ftr-433	1128	11	would	would	AUX
ftr-433	1128	12	simply	simply	ADV
ftr-433	1128	13	be	be	AUX
ftr-433	1128	14	the	the	DET
ftr-433	1128	15	baseline	baseline	ADJ
ftr-433	1128	16	discount156	discount156	PROPN
ftr-433	1128	17	rate	rate	NOUN
ftr-433	1128	18	.	.	PUNCT
ftr-433	1129	1	for	for	ADP
ftr-433	1129	2	example	example	NOUN
ftr-433	1129	3	,	,	PUNCT
ftr-433	1129	4	the	the	DET
ftr-433	1129	5	$	$	SYM
ftr-433	1129	6	100	100	NUM
ftr-433	1129	7	investment	investment	NOUN
ftr-433	1129	8	model	model	NOUN
ftr-433	1129	9	we	we	PRON
ftr-433	1129	10	have	have	AUX
ftr-433	1129	11	used	use	VERB
ftr-433	1129	12	so	so	ADV
ftr-433	1129	13	far	far	ADV
ftr-433	1129	14	would	would	AUX
ftr-433	1129	15	have	have	VERB
ftr-433	1129	16	a	a	DET
ftr-433	1129	17	hurdle	hurdle	NOUN
ftr-433	1129	18	rate	rate	NOUN
ftr-433	1129	19	of	of	ADP
ftr-433	1129	20	10	10	NUM
ftr-433	1129	21	%	%	NOUN
ftr-433	1129	22	because	because	SCONJ
ftr-433	1129	23	the	the	DET
ftr-433	1129	24	pre	pre	NOUN
ftr-433	1129	25	-	-	NOUN
ftr-433	1129	26	tax	tax	ADJ
ftr-433	1129	27	(	(	PUNCT
ftr-433	1129	28	or	or	CCONJ
ftr-433	1129	29	no	no	DET
ftr-433	1129	30	-	-	PUNCT
ftr-433	1129	31	tax	tax	NOUN
ftr-433	1129	32	)	)	PUNCT
ftr-433	1129	33	discount	discount	NOUN
ftr-433	1129	34	rate	rate	NOUN
ftr-433	1129	35	is	be	AUX
ftr-433	1129	36	set	set	VERB
ftr-433	1129	37	at	at	ADP
ftr-433	1129	38	10	10	NUM
ftr-433	1129	39	%	%	NOUN
ftr-433	1129	40	.	.	PUNCT
ftr-433	1130	1	like	like	ADP
ftr-433	1130	2	npv	npv	PROPN
ftr-433	1130	3	etr	etr	PROPN
ftr-433	1130	4	and	and	CCONJ
ftr-433	1130	5	irr	irr	PROPN
ftr-433	1130	6	etr	etr	PROPN
ftr-433	1130	7	,	,	PUNCT
ftr-433	1130	8	financial	financial	ADJ
ftr-433	1130	9	hurdle	hurdle	NOUN
ftr-433	1130	10	rates	rate	NOUN
ftr-433	1130	11	provide	provide	VERB
ftr-433	1130	12	a	a	DET
ftr-433	1130	13	useful	useful	ADJ
ftr-433	1130	14	tool	tool	NOUN
ftr-433	1130	15	for	for	ADP
ftr-433	1130	16	analyzing	analyze	VERB
ftr-433	1130	17	the	the	DET
ftr-433	1130	18	financial	financial	ADJ
ftr-433	1130	19	characteristics	characteristic	NOUN
ftr-433	1130	20	of	of	ADP
ftr-433	1130	21	the	the	DET
ftr-433	1130	22	tax	tax	NOUN
ftr-433	1130	23	accounting	accounting	NOUN
ftr-433	1130	24	treatment	treatment	NOUN
ftr-433	1130	25	of	of	ADP
ftr-433	1130	26	depreciable	depreciable	ADJ
ftr-433	1130	27	assets	asset	NOUN
ftr-433	1130	28	in	in	ADP
ftr-433	1130	29	various	various	ADJ
ftr-433	1130	30	tax	tax	NOUN
ftr-433	1130	31	bases	basis	NOUN
ftr-433	1130	32	.	.	PUNCT
ftr-433	1131	1	in	in	ADP
ftr-433	1131	2	a	a	DET
ftr-433	1131	3	no	no	DET
ftr-433	1131	4	-	-	PUNCT
ftr-433	1131	5	tax	tax	NOUN
ftr-433	1131	6	environment	environment	NOUN
ftr-433	1131	7	,	,	PUNCT
ftr-433	1131	8	the	the	DET
ftr-433	1131	9	financial	financial	ADJ
ftr-433	1131	10	hurdle	hurdle	NOUN
ftr-433	1131	11	rate	rate	NOUN
ftr-433	1131	12	is	be	AUX
ftr-433	1131	13	the	the	DET
ftr-433	1131	14	same	same	ADJ
ftr-433	1131	15	as	as	ADP
ftr-433	1131	16	the	the	DET
ftr-433	1131	17	baseline	baseline	ADJ
ftr-433	1131	18	discount	discount	NOUN
ftr-433	1131	19	rate	rate	NOUN
ftr-433	1131	20	.	.	PUNCT
ftr-433	1132	1	in	in	ADP
ftr-433	1132	2	the	the	DET
ftr-433	1132	3	context	context	NOUN
ftr-433	1132	4	of	of	ADP
ftr-433	1132	5	our157	our157	PROPN
ftr-433	1132	6	investment	investment	NOUN
ftr-433	1132	7	model	model	NOUN
ftr-433	1132	8	,	,	PUNCT
ftr-433	1132	9	the	the	DET
ftr-433	1132	10	tax	tax	NOUN
ftr-433	1132	11	base	base	NOUN
ftr-433	1132	12	under	under	ADP
ftr-433	1132	13	all	all	DET
ftr-433	1132	14	three	three	NUM
ftr-433	1132	15	systems	system	NOUN
ftr-433	1132	16	is	be	AUX
ftr-433	1132	17	or	or	CCONJ
ftr-433	1132	18	begins	begin	VERB
ftr-433	1132	19	with	with	ADP
ftr-433	1132	20	the	the	DET
ftr-433	1132	21	investment	investment	NOUN
ftr-433	1132	22	’s	’s	PART
ftr-433	1132	23	pre	pre	ADJ
ftr-433	1132	24	-	-	ADJ
ftr-433	1132	25	tax	tax	ADJ
ftr-433	1132	26	cash	cash	NOUN
ftr-433	1132	27	flow	flow	NOUN
ftr-433	1132	28	.	.	PUNCT
ftr-433	1133	1	therefore	therefore	ADV
ftr-433	1133	2	,	,	PUNCT
ftr-433	1133	3	the	the	DET
ftr-433	1133	4	pre	pre	ADJ
ftr-433	1133	5	-	-	ADJ
ftr-433	1133	6	tax	tax	ADJ
ftr-433	1133	7	hurdle	hurdle	NOUN
ftr-433	1133	8	rate	rate	NOUN
ftr-433	1133	9	for	for	ADP
ftr-433	1133	10	all	all	DET
ftr-433	1133	11	investments	investment	NOUN
ftr-433	1133	12	based	base	VERB
ftr-433	1133	13	on	on	ADP
ftr-433	1133	14	this	this	DET
ftr-433	1133	15	model	model	NOUN
ftr-433	1133	16	should	should	AUX
ftr-433	1133	17	be	be	AUX
ftr-433	1133	18	the	the	DET
ftr-433	1133	19	same	same	ADJ
ftr-433	1133	20	as	as	ADP
ftr-433	1133	21	the	the	DET
ftr-433	1133	22	pre	pre	ADJ
ftr-433	1133	23	-	-	ADJ
ftr-433	1133	24	tax	tax	ADJ
ftr-433	1133	25	discount	discount	NOUN
ftr-433	1133	26	rate	rate	NOUN
ftr-433	1133	27	.	.	PUNCT
ftr-433	1134	1	indeed	indeed	ADV
ftr-433	1134	2	,	,	PUNCT
ftr-433	1134	3	in	in	ADP
ftr-433	1134	4	all	all	PRON
ftr-433	1134	5	of	of	ADP
ftr-433	1134	6	the	the	DET
ftr-433	1134	7	rbit	rbit	NOUN
ftr-433	1134	8	,	,	PUNCT
ftr-433	1134	9	amit	amit	PROPN
ftr-433	1134	10	and	and	CCONJ
ftr-433	1134	11	cfit	cfit	NOUN
ftr-433	1134	12	base	base	NOUN
ftr-433	1134	13	investments	investment	NOUN
ftr-433	1134	14	analyzed	analyze	VERB
ftr-433	1134	15	in	in	ADP
ftr-433	1134	16	this	this	DET
ftr-433	1134	17	article	article	NOUN
ftr-433	1134	18	so	so	ADV
ftr-433	1134	19	far	far	ADV
ftr-433	1134	20	,	,	PUNCT
ftr-433	1134	21	the	the	DET
ftr-433	1134	22	pre	pre	ADJ
ftr-433	1134	23	-	-	ADJ
ftr-433	1134	24	tax	tax	ADJ
ftr-433	1134	25	discount	discount	NOUN
ftr-433	1134	26	rate	rate	NOUN
ftr-433	1134	27	has	have	AUX
ftr-433	1134	28	been	be	AUX
ftr-433	1134	29	the	the	DET
ftr-433	1134	30	hurdle	hurdle	NOUN
ftr-433	1134	31	rate	rate	NOUN
ftr-433	1134	32	for	for	ADP
ftr-433	1134	33	investments	investment	NOUN
ftr-433	1134	34	1	1	NUM
ftr-433	1134	35	in	in	ADP
ftr-433	1134	36	depreciable	depreciable	ADJ
ftr-433	1134	37	assets	asset	NOUN
ftr-433	1134	38	before	before	ADP
ftr-433	1134	39	tax	tax	NOUN
ftr-433	1134	40	,	,	PUNCT
ftr-433	1134	41	because	because	SCONJ
ftr-433	1134	42	the	the	DET
ftr-433	1134	43	yield	yield	NOUN
ftr-433	1134	44	rate	rate	NOUN
ftr-433	1134	45	must	must	AUX
ftr-433	1134	46	exceed	exceed	VERB
ftr-433	1134	47	d	d	NOUN
ftr-433	1134	48	for	for	SCONJ
ftr-433	1134	49	the	the	DET
ftr-433	1134	50	investment	investment	NOUN
ftr-433	1134	51	to	to	PART
ftr-433	1134	52	have	have	VERB
ftr-433	1134	53	a	a	DET
ftr-433	1134	54	positive	positive	ADJ
ftr-433	1134	55	npv	npv	NOUN
ftr-433	1134	56	before	before	ADP
ftr-433	1134	57	tax.158	tax.158	PROPN
ftr-433	1134	58	520	520	NUM
ftr-433	1134	59	florida	florida	PROPN
ftr-433	1134	60	tax	tax	NOUN
ftr-433	1134	61	review	review	NOUN
ftr-433	1135	1	[	[	X
ftr-433	1135	2	vol	vol	NOUN
ftr-433	1135	3	.	.	PUNCT
ftr-433	1135	4	5:7	5:7	NUM
ftr-433	1135	5	2	2	NUM
ftr-433	1135	6	1159	1159	NUM
ftr-433	1135	7	.	.	PUNCT
ftr-433	1136	1	in	in	ADP
ftr-433	1136	2	table	table	NOUN
ftr-433	1136	3	14	14	NUM
ftr-433	1136	4	,	,	PUNCT
ftr-433	1136	5	the	the	DET
ftr-433	1136	6	npv	npv	NOUN
ftr-433	1136	7	of	of	ADP
ftr-433	1136	8	the	the	DET
ftr-433	1136	9	atcf	atcf	NOUN
ftr-433	1136	10	is	be	AUX
ftr-433	1136	11	zero	zero	NUM
ftr-433	1136	12	when	when	SCONJ
ftr-433	1136	13	the	the	DET
ftr-433	1136	14	yield	yield	NOUN
ftr-433	1136	15	rate	rate	NOUN
ftr-433	1136	16	equals	equal	VERB
ftr-433	1136	17	d	d	NOUN
ftr-433	1136	18	.	.	PUNCT
ftr-433	1137	1	2the	2the	NUM
ftr-433	1137	2	yield	yield	NOUN
ftr-433	1137	3	rate	rate	NOUN
ftr-433	1137	4	must	must	AUX
ftr-433	1137	5	be	be	AUX
ftr-433	1137	6	greater	great	ADJ
ftr-433	1137	7	than	than	ADP
ftr-433	1137	8	10	10	NUM
ftr-433	1137	9	%	%	NOUN
ftr-433	1137	10	in	in	ADP
ftr-433	1137	11	order	order	NOUN
ftr-433	1137	12	for	for	ADP
ftr-433	1137	13	the	the	DET
ftr-433	1137	14	npv	npv	NOUN
ftr-433	1137	15	atcf	atcf	NOUN
ftr-433	1137	16	to	to	PART
ftr-433	1137	17	have	have	VERB
ftr-433	1137	18	a	a	DET
ftr-433	1137	19	positive	positive	ADJ
ftr-433	1137	20	1	1	NUM
ftr-433	1137	21	2net	2net	NUM
ftr-433	1137	22	present	present	ADJ
ftr-433	1137	23	value	value	NOUN
ftr-433	1137	24	.	.	PUNCT
ftr-433	1138	1	thus	thus	ADV
ftr-433	1138	2	the	the	DET
ftr-433	1138	3	yield	yield	NOUN
ftr-433	1138	4	rate	rate	NOUN
ftr-433	1138	5	must	must	AUX
ftr-433	1138	6	exceed	exceed	VERB
ftr-433	1138	7	d	d	PROPN
ftr-433	1138	8	to	to	PART
ftr-433	1138	9	produce	produce	VERB
ftr-433	1138	10	a	a	DET
ftr-433	1138	11	positive	positive	ADJ
ftr-433	1138	12	npv	npv	NOUN
ftr-433	1138	13	atcf	atcf	NOUN
ftr-433	1138	14	.	.	PUNCT
ftr-433	1139	1	1the	1the	NUM
ftr-433	1139	2	after	after	ADP
ftr-433	1139	3	-	-	PUNCT
ftr-433	1139	4	tax	tax	NOUN
ftr-433	1139	5	hurdle	hurdle	NOUN
ftr-433	1139	6	rate	rate	NOUN
ftr-433	1139	7	,	,	PUNCT
ftr-433	1139	8	therefore	therefore	ADV
ftr-433	1139	9	,	,	PUNCT
ftr-433	1139	10	is	be	AUX
ftr-433	1139	11	d	d	NOUN
ftr-433	1139	12	.	.	PUNCT
ftr-433	1140	1	in	in	ADP
ftr-433	1140	2	an	an	DET
ftr-433	1140	3	amit	amit	NOUN
ftr-433	1140	4	base	base	NOUN
ftr-433	1140	5	,	,	PUNCT
ftr-433	1140	6	the	the	DET
ftr-433	1140	7	after	after	ADP
ftr-433	1140	8	-	-	PUNCT
ftr-433	1140	9	tax	tax	NOUN
ftr-433	1140	10	hurdle	hurdle	NOUN
ftr-433	1140	11	rate	rate	NOUN
ftr-433	1140	12	2	2	NUM
ftr-433	1140	13	2actually	2actually	NUM
ftr-433	1140	14	equals	equal	VERB
ftr-433	1140	15	the	the	DET
ftr-433	1140	16	after	after	ADP
ftr-433	1140	17	-	-	PUNCT
ftr-433	1140	18	tax	tax	NOUN
ftr-433	1140	19	discount	discount	NOUN
ftr-433	1140	20	rate	rate	NOUN
ftr-433	1140	21	divided	divide	VERB
ftr-433	1140	22	by	by	ADP
ftr-433	1140	23	1	1	NUM
ftr-433	1140	24	minus	minus	ADP
ftr-433	1140	25	the	the	DET
ftr-433	1140	26	tax	tax	NOUN
ftr-433	1140	27	rate	rate	NOUN
ftr-433	1140	28	.	.	PUNCT
ftr-433	1141	1	(	(	PUNCT
ftr-433	1141	2	h	h	NOUN
ftr-433	1141	3	=	=	SYM
ftr-433	1142	1	d	d	NOUN
ftr-433	1142	2	/1	/1	NOUN
ftr-433	1142	3	-	-	PUNCT
ftr-433	1142	4	t	t	NOUN
ftr-433	1142	5	)	)	PUNCT
ftr-433	1142	6	.	.	PUNCT
ftr-433	1143	1	2this	2this	NUM
ftr-433	1143	2	formula	formula	NOUN
ftr-433	1143	3	equals	equal	VERB
ftr-433	1143	4	the	the	DET
ftr-433	1143	5	pre	pre	ADJ
ftr-433	1143	6	-	-	ADJ
ftr-433	1143	7	tax	tax	ADJ
ftr-433	1143	8	discount	discount	NOUN
ftr-433	1143	9	rate	rate	NOUN
ftr-433	1143	10	.	.	PUNCT
ftr-433	1144	1	thus	thus	ADV
ftr-433	1144	2	where	where	SCONJ
ftr-433	1144	3	d	d	NOUN
ftr-433	1144	4	equals	equal	VERB
ftr-433	1144	5	5	5	NUM
ftr-433	1144	6	%	%	NOUN
ftr-433	1144	7	,	,	PUNCT
ftr-433	1144	8	the	the	DET
ftr-433	1144	9	after	after	ADP
ftr-433	1144	10	-	-	PUNCT
ftr-433	1144	11	tax	tax	NOUN
ftr-433	1144	12	hurdle	hurdle	NOUN
ftr-433	1144	13	rate	rate	NOUN
ftr-433	1144	14	is	be	AUX
ftr-433	1144	15	.05/1-.5	.05/1-.5	NUM
ftr-433	1144	16	or	or	CCONJ
ftr-433	1144	17	.05/.5	.05/.5	NOUN
ftr-433	1144	18	,	,	PUNCT
ftr-433	1144	19	which	which	PRON
ftr-433	1144	20	equals	equal	VERB
ftr-433	1144	21	10	10	NUM
ftr-433	1144	22	%	%	NOUN
ftr-433	1144	23	,	,	PUNCT
ftr-433	1144	24	the	the	DET
ftr-433	1144	25	pre	pre	ADJ
ftr-433	1144	26	-	-	ADJ
ftr-433	1144	27	tax	tax	ADJ
ftr-433	1144	28	discount	discount	NOUN
ftr-433	1144	29	rate	rate	NOUN
ftr-433	1144	30	.	.	PUNCT
ftr-433	1145	1	given	give	VERB
ftr-433	1145	2	an	an	DET
ftr-433	1145	3	after	after	ADP
ftr-433	1145	4	-	-	PUNCT
ftr-433	1145	5	tax	tax	NOUN
ftr-433	1145	6	discount	discount	NOUN
ftr-433	1145	7	rate	rate	NOUN
ftr-433	1145	8	of	of	ADP
ftr-433	1145	9	5	5	NUM
ftr-433	1145	10	%	%	NOUN
ftr-433	1145	11	,	,	PUNCT
ftr-433	1145	12	therefore	therefore	ADV
ftr-433	1145	13	,	,	PUNCT
ftr-433	1145	14	an	an	DET
ftr-433	1145	15	economically	economically	ADV
ftr-433	1145	16	depreciated	depreciate	VERB
ftr-433	1145	17	asset	asset	NOUN
ftr-433	1145	18	subject	subject	NOUN
ftr-433	1145	19	to	to	ADP
ftr-433	1145	20	a	a	DET
ftr-433	1145	21	50	50	NUM
ftr-433	1145	22	%	%	NOUN
ftr-433	1145	23	tax	tax	NOUN
ftr-433	1145	24	rate	rate	NOUN
ftr-433	1145	25	must	must	AUX
ftr-433	1145	26	earn	earn	VERB
ftr-433	1145	27	more	more	ADJ
ftr-433	1145	28	than	than	ADP
ftr-433	1145	29	10	10	NUM
ftr-433	1145	30	%	%	NOUN
ftr-433	1145	31	(	(	PUNCT
ftr-433	1145	32	the	the	DET
ftr-433	1145	33	pre	pre	ADJ
ftr-433	1145	34	-	-	ADJ
ftr-433	1145	35	tax	tax	ADJ
ftr-433	1145	36	discount	discount	NOUN
ftr-433	1145	37	rate	rate	NOUN
ftr-433	1145	38	)	)	PUNCT
ftr-433	1145	39	before	before	ADP
ftr-433	1145	40	tax	tax	NOUN
ftr-433	1145	41	in	in	ADP
ftr-433	1145	42	order	order	NOUN
ftr-433	1145	43	to	to	PART
ftr-433	1145	44	produce	produce	VERB
ftr-433	1145	45	a	a	DET
ftr-433	1145	46	positive	positive	ADJ
ftr-433	1145	47	net	net	ADJ
ftr-433	1145	48	present	present	ADJ
ftr-433	1145	49	value	value	NOUN
ftr-433	1145	50	after	after	ADP
ftr-433	1145	51	tax	tax	NOUN
ftr-433	1145	52	.	.	PUNCT
ftr-433	1146	1	1160	1160	NUM
ftr-433	1146	2	.	.	PUNCT
ftr-433	1147	1	twenty	twenty	NUM
ftr-433	1147	2	percent	percent	NOUN
ftr-433	1147	3	actually	actually	ADV
ftr-433	1147	4	represents	represent	VERB
ftr-433	1147	5	h	h	NOUN
ftr-433	1147	6	,	,	PUNCT
ftr-433	1147	7	the	the	DET
ftr-433	1147	8	rate	rate	NOUN
ftr-433	1147	9	at	at	ADP
ftr-433	1147	10	which	which	PRON
ftr-433	1147	11	the	the	DET
ftr-433	1147	12	taxpayer	taxpayer	NOUN
ftr-433	1147	13	’s	’s	PART
ftr-433	1147	14	atcf	atcf	PROPN
ftr-433	1147	15	has	have	VERB
ftr-433	1147	16	a	a	DET
ftr-433	1147	17	net	net	ADJ
ftr-433	1147	18	present	present	ADJ
ftr-433	1147	19	value	value	NOUN
ftr-433	1147	20	of	of	ADP
ftr-433	1147	21	zero	zero	NUM
ftr-433	1147	22	using	use	VERB
ftr-433	1147	23	the	the	DET
ftr-433	1147	24	pre	pre	ADJ
ftr-433	1147	25	-	-	ADJ
ftr-433	1147	26	tax	tax	ADJ
ftr-433	1147	27	discount	discount	NOUN
ftr-433	1147	28	rate	rate	NOUN
ftr-433	1147	29	.	.	PUNCT
ftr-433	1148	1	just	just	ADV
ftr-433	1148	2	as	as	ADP
ftr-433	1148	3	2	2	NUM
ftr-433	1148	4	2/1	2/1	NUM
ftr-433	1148	5	-	-	PUNCT
ftr-433	1148	6	t	t	NOUN
ftr-433	1148	7	1h	1h	NUM
ftr-433	1148	8	=	=	SYM
ftr-433	1148	9	d	d	NOUN
ftr-433	1148	10	,	,	PUNCT
ftr-433	1148	11	h1	h1	X
ftr-433	1148	12	=	=	SYM
ftr-433	1149	1	d	d	NOUN
ftr-433	1149	2	/1	/1	NOUN
ftr-433	1149	3	–	–	PUNCT
ftr-433	1149	4	t.	t.	NOUN
ftr-433	1149	5	the	the	DET
ftr-433	1149	6	after	after	ADP
ftr-433	1149	7	-	-	PUNCT
ftr-433	1149	8	tax	tax	NOUN
ftr-433	1149	9	cash	cash	NOUN
ftr-433	1149	10	flow	flow	NOUN
ftr-433	1149	11	for	for	ADP
ftr-433	1149	12	all	all	PRON
ftr-433	1149	13	of	of	ADP
ftr-433	1149	14	these	these	DET
ftr-433	1149	15	investments	investment	NOUN
ftr-433	1149	16	has	have	VERB
ftr-433	1149	17	two	two	NUM
ftr-433	1149	18	relevant	relevant	ADJ
ftr-433	1149	19	1present	1present	NUM
ftr-433	1149	20	values	value	NOUN
ftr-433	1149	21	.	.	PUNCT
ftr-433	1150	1	the	the	DET
ftr-433	1150	2	pre	pre	ADJ
ftr-433	1150	3	-	-	ADJ
ftr-433	1150	4	tax	tax	ADJ
ftr-433	1150	5	present	present	ADJ
ftr-433	1150	6	value	value	NOUN
ftr-433	1150	7	of	of	ADP
ftr-433	1150	8	the	the	DET
ftr-433	1150	9	after	after	ADP
ftr-433	1150	10	-	-	PUNCT
ftr-433	1150	11	tax	tax	NOUN
ftr-433	1150	12	cash	cash	NOUN
ftr-433	1150	13	flow	flow	NOUN
ftr-433	1150	14	(	(	PUNCT
ftr-433	1150	15	pv	pv	NOUN
ftr-433	1150	16	atcf	atcf	NOUN
ftr-433	1150	17	)	)	PUNCT
ftr-433	1150	18	measures	measure	VERB
ftr-433	1150	19	the	the	DET
ftr-433	1150	20	present	present	ADJ
ftr-433	1150	21	value	value	NOUN
ftr-433	1150	22	of	of	ADP
ftr-433	1150	23	the	the	DET
ftr-433	1150	24	investment	investment	NOUN
ftr-433	1150	25	after	after	ADP
ftr-433	1150	26	-	-	PUNCT
ftr-433	1150	27	tax	tax	NOUN
ftr-433	1150	28	using	use	VERB
ftr-433	1150	29	the	the	DET
ftr-433	1150	30	pre	pre	ADJ
ftr-433	1150	31	-	-	ADJ
ftr-433	1150	32	tax	tax	ADJ
ftr-433	1150	33	discount	discount	NOUN
ftr-433	1150	34	2rate	2rate	NUM
ftr-433	1150	35	.	.	PUNCT
ftr-433	1151	1	similarly	similarly	ADV
ftr-433	1151	2	,	,	PUNCT
ftr-433	1151	3	the	the	DET
ftr-433	1151	4	after	after	ADP
ftr-433	1151	5	-	-	PUNCT
ftr-433	1151	6	tax	tax	NOUN
ftr-433	1151	7	present	present	ADJ
ftr-433	1151	8	value	value	NOUN
ftr-433	1151	9	of	of	ADP
ftr-433	1151	10	the	the	DET
ftr-433	1151	11	after	after	ADP
ftr-433	1151	12	-	-	PUNCT
ftr-433	1151	13	tax	tax	NOUN
ftr-433	1151	14	cash	cash	NOUN
ftr-433	1151	15	flow	flow	NOUN
ftr-433	1151	16	(	(	PUNCT
ftr-433	1151	17	pv	pv	NOUN
ftr-433	1151	18	atcf	atcf	NOUN
ftr-433	1151	19	)	)	PUNCT
ftr-433	1151	20	measures	measure	VERB
ftr-433	1151	21	the	the	DET
ftr-433	1151	22	present	present	ADJ
ftr-433	1151	23	value	value	NOUN
ftr-433	1151	24	of	of	ADP
ftr-433	1151	25	the	the	DET
ftr-433	1151	26	investment	investment	NOUN
ftr-433	1151	27	after	after	ADP
ftr-433	1151	28	tax	tax	NOUN
ftr-433	1151	29	using	use	VERB
ftr-433	1151	30	the	the	DET
ftr-433	1151	31	after	after	ADP
ftr-433	1151	32	-	-	PUNCT
ftr-433	1151	33	tax	tax	NOUN
ftr-433	1151	34	discount	discount	NOUN
ftr-433	1151	35	rate	rate	NOUN
ftr-433	1151	36	.	.	PUNCT
ftr-433	1152	1	under	under	ADP
ftr-433	1152	2	perfect	perfect	ADJ
ftr-433	1152	3	financial	financial	ADJ
ftr-433	1152	4	circumstances	circumstance	NOUN
ftr-433	1152	5	,	,	PUNCT
ftr-433	1152	6	the	the	DET
ftr-433	1152	7	after	after	ADP
ftr-433	1152	8	-	-	PUNCT
ftr-433	1152	9	tax	tax	NOUN
ftr-433	1152	10	discount	discount	NOUN
ftr-433	1152	11	rate	rate	NOUN
ftr-433	1152	12	equals	equal	VERB
ftr-433	1152	13	the	the	DET
ftr-433	1152	14	pre	pre	ADJ
ftr-433	1152	15	-	-	ADJ
ftr-433	1152	16	tax	tax	ADJ
ftr-433	1152	17	discount	discount	NOUN
ftr-433	1152	18	rate	rate	NOUN
ftr-433	1152	19	times	time	NOUN
ftr-433	1152	20	one	one	NUM
ftr-433	1152	21	minus	minus	ADP
ftr-433	1152	22	the	the	DET
ftr-433	1152	23	tax	tax	NOUN
ftr-433	1152	24	rate	rate	NOUN
ftr-433	1152	25	.	.	PUNCT
ftr-433	1153	1	in	in	ADP
ftr-433	1153	2	other	other	ADJ
ftr-433	1153	3	words	word	NOUN
ftr-433	1153	4	,	,	PUNCT
ftr-433	1153	5	2	2	NUM
ftr-433	1153	6	1d	1d	NUM
ftr-433	1153	7	=	=	SYM
ftr-433	1153	8	d	d	NOUN
ftr-433	1153	9	x	x	SYM
ftr-433	1153	10	(	(	PUNCT
ftr-433	1153	11	1	1	NUM
ftr-433	1153	12	–	–	PUNCT
ftr-433	1153	13	t	t	NOUN
ftr-433	1153	14	)	)	PUNCT
ftr-433	1153	15	.	.	PUNCT
ftr-433	1154	1	in	in	ADP
ftr-433	1154	2	a	a	DET
ftr-433	1154	3	taxed	tax	VERB
ftr-433	1154	4	environment	environment	NOUN
ftr-433	1154	5	,	,	PUNCT
ftr-433	1154	6	only	only	ADV
ftr-433	1154	7	the	the	DET
ftr-433	1154	8	after	after	ADP
ftr-433	1154	9	-	-	PUNCT
ftr-433	1154	10	tax	tax	NOUN
ftr-433	1154	11	cash	cash	NOUN
ftr-433	1154	12	flow	flow	NOUN
ftr-433	1154	13	has	have	VERB
ftr-433	1154	14	practical	practical	ADJ
ftr-433	1154	15	financial	financial	ADJ
ftr-433	1154	16	significance	significance	NOUN
ftr-433	1154	17	for	for	ADP
ftr-433	1154	18	tax	tax	NOUN
ftr-433	1154	19	-	-	PUNCT
ftr-433	1154	20	paying	pay	VERB
ftr-433	1154	21	investors	investor	NOUN
ftr-433	1154	22	.	.	PUNCT
ftr-433	1155	1	therefore	therefore	ADV
ftr-433	1155	2	,	,	PUNCT
ftr-433	1155	3	the	the	DET
ftr-433	1155	4	relevant	relevant	ADJ
ftr-433	1155	5	“	"	PUNCT
ftr-433	1155	6	pre	pre	ADJ
ftr-433	1155	7	-	-	ADJ
ftr-433	1155	8	tax	tax	ADJ
ftr-433	1155	9	hurdle	hurdle	NOUN
ftr-433	1155	10	rate	rate	NOUN
ftr-433	1155	11	”	"	PUNCT
ftr-433	1155	12	for	for	ADP
ftr-433	1155	13	a	a	DET
ftr-433	1155	14	taxpayer	taxpayer	NOUN
ftr-433	1155	15	is	be	AUX
ftr-433	1155	16	the	the	DET
ftr-433	1155	17	rate	rate	NOUN
ftr-433	1155	18	that	that	PRON
ftr-433	1155	19	first	first	ADV
ftr-433	1155	20	creates	create	VERB
ftr-433	1155	21	an	an	DET
ftr-433	1155	22	after	after	ADP
ftr-433	1155	23	-	-	PUNCT
ftr-433	1155	24	tax	tax	NOUN
ftr-433	1155	25	cash	cash	NOUN
ftr-433	1155	26	1flow	1flow	NUM
ftr-433	1155	27	with	with	ADP
ftr-433	1155	28	a	a	DET
ftr-433	1155	29	positive	positive	ADJ
ftr-433	1155	30	present	present	ADJ
ftr-433	1155	31	value	value	NOUN
ftr-433	1155	32	using	use	VERB
ftr-433	1155	33	the	the	DET
ftr-433	1155	34	pre	pre	ADJ
ftr-433	1155	35	-	-	ADJ
ftr-433	1155	36	tax	tax	ADJ
ftr-433	1155	37	discount	discount	NOUN
ftr-433	1155	38	rate	rate	NOUN
ftr-433	1155	39	(	(	PUNCT
ftr-433	1155	40	pv	pv	INTJ
ftr-433	1155	41	atcf	atcf	NOUN
ftr-433	1155	42	1$0	1$0	NUM
ftr-433	1155	43	)	)	PUNCT
ftr-433	1155	44	.	.	PUNCT
ftr-433	1156	1	this	this	DET
ftr-433	1156	2	hurdle	hurdle	NOUN
ftr-433	1156	3	rate	rate	NOUN
ftr-433	1156	4	will	will	AUX
ftr-433	1156	5	be	be	AUX
ftr-433	1156	6	called	call	VERB
ftr-433	1156	7	h	h	NOUN
ftr-433	1156	8	.	.	PUNCT
ftr-433	1157	1	the	the	DET
ftr-433	1157	2	relevant	relevant	ADJ
ftr-433	1157	3	“	"	PUNCT
ftr-433	1157	4	after	after	ADP
ftr-433	1157	5	-	-	PUNCT
ftr-433	1157	6	tax	tax	NOUN
ftr-433	1157	7	hurdle	hurdle	NOUN
ftr-433	1157	8	rate	rate	NOUN
ftr-433	1157	9	”	"	PUNCT
ftr-433	1157	10	for	for	ADP
ftr-433	1157	11	a	a	DET
ftr-433	1157	12	taxpayer	taxpayer	NOUN
ftr-433	1157	13	is	be	AUX
ftr-433	1157	14	the	the	DET
ftr-433	1157	15	rate	rate	NOUN
ftr-433	1157	16	that	that	PRON
ftr-433	1157	17	first	first	ADV
ftr-433	1157	18	creates	create	VERB
ftr-433	1157	19	an	an	DET
ftr-433	1157	20	after	after	ADP
ftr-433	1157	21	-	-	PUNCT
ftr-433	1157	22	tax	tax	NOUN
ftr-433	1157	23	cash	cash	NOUN
ftr-433	1157	24	flow	flow	NOUN
ftr-433	1157	25	with	with	ADP
ftr-433	1157	26	a	a	DET
ftr-433	1157	27	positive	positive	ADJ
ftr-433	1157	28	2present	2present	NUM
ftr-433	1157	29	value	value	NOUN
ftr-433	1157	30	after	after	ADP
ftr-433	1157	31	tax	tax	NOUN
ftr-433	1157	32	using	use	VERB
ftr-433	1157	33	the	the	DET
ftr-433	1157	34	after	after	ADP
ftr-433	1157	35	-	-	PUNCT
ftr-433	1157	36	tax	tax	NOUN
ftr-433	1157	37	discount	discount	NOUN
ftr-433	1157	38	rate	rate	NOUN
ftr-433	1157	39	(	(	PUNCT
ftr-433	1157	40	pv	pv	INTJ
ftr-433	1157	41	atcf	atcf	VERB
ftr-433	1157	42	$	$	SYM
ftr-433	1157	43	0	0	NUM
ftr-433	1157	44	.	.	PUNCT
ftr-433	1157	45	)	)	PUNCT
ftr-433	1157	46	.	.	PUNCT
ftr-433	1158	1	this	this	DET
ftr-433	1158	2	2hurdle	2hurdle	NUM
ftr-433	1158	3	rate	rate	NOUN
ftr-433	1158	4	will	will	AUX
ftr-433	1158	5	be	be	AUX
ftr-433	1158	6	called	call	VERB
ftr-433	1158	7	h	h	NOUN
ftr-433	1158	8	.	.	PUNCT
ftr-433	1159	1	comparing	compare	VERB
ftr-433	1159	2	investments	investment	NOUN
ftr-433	1159	3	at	at	ADP
ftr-433	1159	4	and	and	CCONJ
ftr-433	1159	5	above	above	ADP
ftr-433	1159	6	the	the	DET
ftr-433	1159	7	taxpayer	taxpayer	NOUN
ftr-433	1159	8	after	after	ADP
ftr-433	1159	9	-	-	PUNCT
ftr-433	1159	10	tax	tax	NOUN
ftr-433	1159	11	hurdle	hurdle	NOUN
ftr-433	1159	12	rate	rate	NOUN
ftr-433	1159	13	2(h	2(h	NUM
ftr-433	1159	14	)	)	PUNCT
ftr-433	1159	15	allows	allow	VERB
ftr-433	1159	16	us	we	PRON
ftr-433	1159	17	to	to	PART
ftr-433	1159	18	determine	determine	VERB
ftr-433	1159	19	how	how	SCONJ
ftr-433	1159	20	persistent	persistent	ADJ
ftr-433	1159	21	are	be	AUX
ftr-433	1159	22	the	the	DET
ftr-433	1159	23	financial	financial	ADJ
ftr-433	1159	24	characteristics	characteristic	NOUN
ftr-433	1159	25	of	of	ADP
ftr-433	1159	26	economic	economic	ADJ
ftr-433	1159	27	depreciation	depreciation	NOUN
ftr-433	1159	28	at	at	ADP
ftr-433	1159	29	increasing	increase	VERB
ftr-433	1159	30	yield	yield	NOUN
ftr-433	1159	31	rates	rate	NOUN
ftr-433	1159	32	.	.	PUNCT
ftr-433	1160	1	such	such	DET
ftr-433	1160	2	a	a	DET
ftr-433	1160	3	comparative	comparative	ADJ
ftr-433	1160	4	analysis	analysis	NOUN
ftr-433	1160	5	also	also	ADV
ftr-433	1160	6	allows	allow	VERB
ftr-433	1160	7	us	we	PRON
ftr-433	1160	8	to	to	PART
ftr-433	1160	9	better	well	ADV
ftr-433	1160	10	understand	understand	VERB
ftr-433	1160	11	the	the	DET
ftr-433	1160	12	dynamics	dynamic	NOUN
ftr-433	1160	13	of	of	ADP
ftr-433	1160	14	amit	amit	PROPN
ftr-433	1160	15	base	base	PROPN
ftr-433	1160	16	taxation	taxation	NOUN
ftr-433	1160	17	and	and	CCONJ
ftr-433	1160	18	economic	economic	ADJ
ftr-433	1160	19	depreciation	depreciation	NOUN
ftr-433	1160	20	.	.	PUNCT
ftr-433	1161	1	for	for	ADP
ftr-433	1161	2	example	example	NOUN
ftr-433	1161	3	,	,	PUNCT
ftr-433	1161	4	table	table	NOUN
ftr-433	1161	5	14	14	NUM
ftr-433	1161	6	shows	show	VERB
ftr-433	1161	7	that	that	SCONJ
ftr-433	1161	8	the	the	DET
ftr-433	1161	9	after	after	ADP
ftr-433	1161	10	-	-	PUNCT
ftr-433	1161	11	tax	tax	NOUN
ftr-433	1161	12	hurdle	hurdle	NOUN
ftr-433	1161	13	rate	rate	NOUN
ftr-433	1161	14	for	for	ADP
ftr-433	1161	15	a	a	DET
ftr-433	1161	16	break	break	NOUN
ftr-433	1161	17	-	-	PUNCT
ftr-433	1161	18	even	even	ADV
ftr-433	1161	19	investment	investment	NOUN
ftr-433	1161	20	in	in	ADP
ftr-433	1161	21	an	an	DET
ftr-433	1161	22	economically	economically	ADV
ftr-433	1161	23	depreciated	depreciate	VERB
ftr-433	1161	24	asset	asset	NOUN
ftr-433	1161	25	in	in	ADP
ftr-433	1161	26	an	an	DET
ftr-433	1161	27	1	1	NUM
ftr-433	1161	28	2	2	NUM
ftr-433	1161	29	1amit	1amit	NUM
ftr-433	1161	30	base	base	NOUN
ftr-433	1161	31	is	be	AUX
ftr-433	1161	32	the	the	DET
ftr-433	1161	33	pre	pre	ADJ
ftr-433	1161	34	-	-	ADJ
ftr-433	1161	35	tax	tax	ADJ
ftr-433	1161	36	discount	discount	NOUN
ftr-433	1161	37	rate	rate	NOUN
ftr-433	1161	38	(	(	PUNCT
ftr-433	1161	39	d	d	NOUN
ftr-433	1161	40	)	)	PUNCT
ftr-433	1161	41	,	,	PUNCT
ftr-433	1161	42	so	so	SCONJ
ftr-433	1161	43	that	that	SCONJ
ftr-433	1161	44	h	h	NOUN
ftr-433	1162	1	=	=	SYM
ftr-433	1162	2	d	d	PROPN
ftr-433	1162	3	.159	.159	NUM
ftr-433	1162	4	table	table	NOUN
ftr-433	1162	5	15	15	NUM
ftr-433	1162	6	below	below	ADV
ftr-433	1162	7	shows	show	VERB
ftr-433	1162	8	the	the	DET
ftr-433	1162	9	financial	financial	ADJ
ftr-433	1162	10	changes	change	NOUN
ftr-433	1162	11	that	that	PRON
ftr-433	1162	12	occur	occur	VERB
ftr-433	1162	13	to	to	ADP
ftr-433	1162	14	a	a	DET
ftr-433	1162	15	depreciable	depreciable	ADJ
ftr-433	1162	16	asset	asset	NOUN
ftr-433	1162	17	investment	investment	NOUN
ftr-433	1162	18	transaction	transaction	NOUN
ftr-433	1162	19	as	as	ADP
ftr-433	1162	20	the	the	DET
ftr-433	1162	21	yield	yield	NOUN
ftr-433	1162	22	rate	rate	NOUN
ftr-433	1162	23	increases	increase	NOUN
ftr-433	1162	24	from	from	ADP
ftr-433	1162	25	10	10	NUM
ftr-433	1162	26	%	%	NOUN
ftr-433	1162	27	to	to	PART
ftr-433	1162	28	20	20	NUM
ftr-433	1162	29	%	%	NOUN
ftr-433	1162	30	.	.	PUNCT
ftr-433	1163	1	by	by	ADP
ftr-433	1163	2	focusing	focus	VERB
ftr-433	1163	3	on	on	ADP
ftr-433	1163	4	the	the	DET
ftr-433	1163	5	financial	financial	ADJ
ftr-433	1163	6	changes	change	NOUN
ftr-433	1163	7	that	that	PRON
ftr-433	1163	8	occur	occur	VERB
ftr-433	1163	9	as	as	ADP
ftr-433	1163	10	a	a	DET
ftr-433	1163	11	result	result	NOUN
ftr-433	1163	12	of	of	ADP
ftr-433	1163	13	this	this	DET
ftr-433	1163	14	yield	yield	NOUN
ftr-433	1163	15	increase	increase	NOUN
ftr-433	1163	16	,	,	PUNCT
ftr-433	1163	17	this	this	DET
ftr-433	1163	18	table	table	NOUN
ftr-433	1163	19	allows	allow	VERB
ftr-433	1163	20	us	we	PRON
ftr-433	1163	21	to	to	PART
ftr-433	1163	22	better	well	ADV
ftr-433	1163	23	understand	understand	VERB
ftr-433	1163	24	the	the	DET
ftr-433	1163	25	financial	financial	ADJ
ftr-433	1163	26	operation	operation	NOUN
ftr-433	1163	27	and	and	CCONJ
ftr-433	1163	28	impact	impact	NOUN
ftr-433	1163	29	of	of	ADP
ftr-433	1163	30	economic	economic	ADJ
ftr-433	1163	31	depreciation	depreciation	NOUN
ftr-433	1163	32	.	.	PUNCT
ftr-433	1164	1	table	table	NOUN
ftr-433	1164	2	15	15	NUM
ftr-433	1164	3	contains	contain	VERB
ftr-433	1164	4	most	most	ADJ
ftr-433	1164	5	of	of	ADP
ftr-433	1164	6	the	the	DET
ftr-433	1164	7	same	same	ADJ
ftr-433	1164	8	information	information	NOUN
ftr-433	1164	9	contained	contain	VERB
ftr-433	1164	10	in	in	ADP
ftr-433	1164	11	table	table	NOUN
ftr-433	1164	12	14	14	NUM
ftr-433	1164	13	but	but	CCONJ
ftr-433	1164	14	for	for	ADP
ftr-433	1164	15	two	two	NUM
ftr-433	1164	16	different	different	ADJ
ftr-433	1164	17	yield	yield	NOUN
ftr-433	1164	18	rates	rate	NOUN
ftr-433	1164	19	:	:	PUNCT
ftr-433	1164	20	10	10	NUM
ftr-433	1164	21	%	%	NOUN
ftr-433	1164	22	(	(	PUNCT
ftr-433	1164	23	the	the	DET
ftr-433	1164	24	after	after	ADP
ftr-433	1164	25	-	-	PUNCT
ftr-433	1164	26	tax	tax	NOUN
ftr-433	1164	27	hurdle	hurdle	NOUN
ftr-433	1164	28	rate	rate	NOUN
ftr-433	1164	29	)	)	PUNCT
ftr-433	1164	30	and	and	CCONJ
ftr-433	1164	31	20	20	NUM
ftr-433	1164	32	%	%	NOUN
ftr-433	1164	33	,	,	PUNCT
ftr-433	1164	34	or	or	CCONJ
ftr-433	1164	35	twice	twice	DET
ftr-433	1164	36	that	that	DET
ftr-433	1164	37	yield	yield	NOUN
ftr-433	1164	38	.	.	PUNCT
ftr-433	1165	1	again	again	ADV
ftr-433	1165	2	,	,	PUNCT
ftr-433	1165	3	the	the	DET
ftr-433	1165	4	tax	tax	NOUN
ftr-433	1165	5	accounting	accounting	NOUN
ftr-433	1165	6	is	be	AUX
ftr-433	1165	7	represented160	represented160	PROPN
ftr-433	1165	8	by	by	ADP
ftr-433	1165	9	the	the	DET
ftr-433	1165	10	columns	column	NOUN
ftr-433	1165	11	gr	gr	NOUN
ftr-433	1165	12	–	–	PUNCT
ftr-433	1165	13	depreciation	depreciation	NOUN
ftr-433	1165	14	=	=	PUNCT
ftr-433	1165	15	taxable	taxable	ADJ
ftr-433	1165	16	income	income	NOUN
ftr-433	1165	17	,	,	PUNCT
ftr-433	1165	18	while	while	SCONJ
ftr-433	1165	19	the	the	DET
ftr-433	1165	20	cash	cash	NOUN
ftr-433	1165	21	flow	flow	NOUN
ftr-433	1165	22	accounting	accounting	NOUN
ftr-433	1165	23	is	be	AUX
ftr-433	1165	24	represented	represent	VERB
ftr-433	1165	25	by	by	ADP
ftr-433	1165	26	the	the	DET
ftr-433	1165	27	columns	column	NOUN
ftr-433	1165	28	ptcf	ptcf	NOUN
ftr-433	1165	29	–	–	PUNCT
ftr-433	1165	30	tax	tax	NOUN
ftr-433	1165	31	=	=	NOUN
ftr-433	1165	32	atcf	atcf	NOUN
ftr-433	1165	33	.	.	PUNCT
ftr-433	1166	1	2002	2002	NUM
ftr-433	1166	2	]	]	PUNCT
ftr-433	1166	3	normative	normative	ADJ
ftr-433	1166	4	capital	capital	NOUN
ftr-433	1166	5	cost	cost	NOUN
ftr-433	1166	6	recovery	recovery	NOUN
ftr-433	1166	7	521	521	NUM
ftr-433	1166	8	2	2	NUM
ftr-433	1166	9	2161	2161	NUM
ftr-433	1166	10	.	.	PUNCT
ftr-433	1167	1	the	the	DET
ftr-433	1167	2	first	first	ADJ
ftr-433	1167	3	row	row	NOUN
ftr-433	1167	4	shows	show	VERB
ftr-433	1167	5	the	the	DET
ftr-433	1167	6	pv	pv	NOUN
ftr-433	1167	7	or	or	CCONJ
ftr-433	1167	8	npv	npv	NOUN
ftr-433	1167	9	of	of	ADP
ftr-433	1167	10	each	each	DET
ftr-433	1167	11	tax	tax	NOUN
ftr-433	1167	12	and	and	CCONJ
ftr-433	1167	13	financial	financial	ADJ
ftr-433	1167	14	accounting	accounting	NOUN
ftr-433	1167	15	element	element	NOUN
ftr-433	1167	16	of	of	ADP
ftr-433	1167	17	an	an	DET
ftr-433	1167	18	economically	economically	ADV
ftr-433	1167	19	depreciated	depreciate	VERB
ftr-433	1167	20	investment	investment	NOUN
ftr-433	1167	21	with	with	ADP
ftr-433	1167	22	a	a	DET
ftr-433	1167	23	10	10	NUM
ftr-433	1167	24	%	%	NOUN
ftr-433	1167	25	yield	yield	NOUN
ftr-433	1167	26	.	.	PUNCT
ftr-433	1168	1	cf	cf	NOUN
ftr-433	1168	2	.	.	NOUN
ftr-433	1168	3	,	,	PUNCT
ftr-433	1168	4	table	table	NOUN
ftr-433	1168	5	1	1	NUM
ftr-433	1168	6	and	and	CCONJ
ftr-433	1168	7	table	table	NOUN
ftr-433	1168	8	14	14	NUM
ftr-433	1168	9	.	.	PUNCT
ftr-433	1169	1	the	the	DET
ftr-433	1169	2	second	second	ADJ
ftr-433	1169	3	row	row	NOUN
ftr-433	1169	4	shows	show	VERB
ftr-433	1169	5	the	the	DET
ftr-433	1169	6	same	same	ADJ
ftr-433	1169	7	information	information	NOUN
ftr-433	1169	8	for	for	ADP
ftr-433	1169	9	an	an	DET
ftr-433	1169	10	investment	investment	NOUN
ftr-433	1169	11	with	with	ADP
ftr-433	1169	12	a	a	DET
ftr-433	1169	13	20	20	NUM
ftr-433	1169	14	%	%	NOUN
ftr-433	1169	15	yield	yield	NOUN
ftr-433	1169	16	.	.	PUNCT
ftr-433	1170	1	the	the	DET
ftr-433	1170	2	third	third	ADJ
ftr-433	1170	3	row	row	NOUN
ftr-433	1170	4	shows	show	VERB
ftr-433	1170	5	the	the	DET
ftr-433	1170	6	change	change	NOUN
ftr-433	1170	7	between	between	ADP
ftr-433	1170	8	the	the	DET
ftr-433	1170	9	two	two	NUM
ftr-433	1170	10	.	.	PUNCT
ftr-433	1171	1	162	162	NUM
ftr-433	1171	2	.	.	PUNCT
ftr-433	1172	1	see	see	VERB
ftr-433	1172	2	supra	supra	PROPN
ftr-433	1172	3	notes	note	VERB
ftr-433	1172	4	149	149	NUM
ftr-433	1172	5	-	-	SYM
ftr-433	1172	6	52	52	NUM
ftr-433	1172	7	and	and	CCONJ
ftr-433	1172	8	accompanying	accompany	VERB
ftr-433	1172	9	text	text	NOUN
ftr-433	1172	10	.	.	PUNCT
ftr-433	1173	1	2	2	NUM
ftr-433	1173	2	2163	2163	NUM
ftr-433	1173	3	.	.	PUNCT
ftr-433	1174	1	at	at	ADP
ftr-433	1174	2	10	10	NUM
ftr-433	1174	3	%	%	NOUN
ftr-433	1174	4	yield	yield	NOUN
ftr-433	1174	5	,	,	PUNCT
ftr-433	1174	6	npv	npv	PROPN
ftr-433	1174	7	etr	etr	PROPN
ftr-433	1174	8	=	=	PUNCT
ftr-433	1174	9	100	100	NUM
ftr-433	1174	10	%	%	NOUN
ftr-433	1174	11	because	because	SCONJ
ftr-433	1174	12	pv	pv	PROPN
ftr-433	1174	13	tax	tax	NOUN
ftr-433	1174	14	/	/	SYM
ftr-433	1174	15	pv	pv	NOUN
ftr-433	1174	16	ptcf	ptcf	NOUN
ftr-433	1174	17	=	=	NOUN
ftr-433	1174	18	1	1	NUM
ftr-433	1174	19	2	2	NUM
ftr-433	1174	20	2(11.86/11.86	2(11.86/11.86	NUM
ftr-433	1174	21	)	)	PUNCT
ftr-433	1174	22	.	.	PUNCT
ftr-433	1175	1	at	at	ADP
ftr-433	1175	2	20	20	NUM
ftr-433	1175	3	%	%	NOUN
ftr-433	1175	4	yield	yield	NOUN
ftr-433	1175	5	,	,	PUNCT
ftr-433	1175	6	npv	npv	PROPN
ftr-433	1175	7	etr	etr	PROPN
ftr-433	1175	8	=	=	PUNCT
ftr-433	1175	9	67	67	NUM
ftr-433	1175	10	%	%	NOUN
ftr-433	1175	11	because	because	SCONJ
ftr-433	1175	12	pv	pv	NOUN
ftr-433	1175	13	tax	tax	NOUN
ftr-433	1175	14	/pv	/pv	PUNCT
ftr-433	1175	15	ptcf	ptcf	NOUN
ftr-433	1175	16	=	=	SYM
ftr-433	1175	17	.67	.67	NUM
ftr-433	1175	18	(	(	PUNCT
ftr-433	1175	19	24.65/36.98	24.65/36.98	NUM
ftr-433	1175	20	)	)	PUNCT
ftr-433	1175	21	.	.	PUNCT
ftr-433	1176	1	2	2	NUM
ftr-433	1176	2	2	2	NUM
ftr-433	1176	3	2	2	NUM
ftr-433	1176	4	2164	2164	NUM
ftr-433	1176	5	.	.	PUNCT
ftr-433	1177	1	npv	npv	NOUN
ftr-433	1177	2	tax	tax	NOUN
ftr-433	1177	3	/	/	SYM
ftr-433	1177	4	npv	npv	NOUN
ftr-433	1177	5	tax	tax	NOUN
ftr-433	1177	6	+	+	CCONJ
ftr-433	1177	7	npv	npv	NOUN
ftr-433	1177	8	atcf	atcf	NOUN
ftr-433	1177	9	=	=	PUNCT
ftr-433	1177	10	$	$	SYM
ftr-433	1177	11	24.65/$36.98	24.65/$36.98	NUM
ftr-433	1177	12	=	=	SYM
ftr-433	1177	13	67	67	NUM
ftr-433	1177	14	%	%	NOUN
ftr-433	1177	15	.	.	PUNCT
ftr-433	1178	1	npv	npv	NOUN
ftr-433	1178	2	tax	tax	NOUN
ftr-433	1178	3	2	2	NUM
ftr-433	1178	4	2	2	NUM
ftr-433	1178	5	+	+	NUM
ftr-433	1178	6	npv	npv	NOUN
ftr-433	1178	7	atcf	atcf	NOUN
ftr-433	1178	8	also	also	ADV
ftr-433	1178	9	=	=	SYM
ftr-433	1178	10	npv	npv	PROPN
ftr-433	1178	11	ptcf	ptcf	NOUN
ftr-433	1178	12	.	.	PUNCT
ftr-433	1179	1	table	table	NOUN
ftr-433	1179	2	15	15	NUM
ftr-433	1179	3	:	:	PUNCT
ftr-433	1179	4	net	net	ADJ
ftr-433	1179	5	changes	change	NOUN
ftr-433	1179	6	to	to	ADP
ftr-433	1179	7	financial	financial	ADJ
ftr-433	1179	8	characteristics	characteristic	NOUN
ftr-433	1179	9	of	of	ADP
ftr-433	1179	10	$	$	SYM
ftr-433	1179	11	100	100	NUM
ftr-433	1179	12	investment	investment	NOUN
ftr-433	1179	13	subject	subject	NOUN
ftr-433	1179	14	to	to	ADP
ftr-433	1179	15	economic	economic	ADJ
ftr-433	1179	16	depreciation	depreciation	NOUN
ftr-433	1179	17	at	at	ADP
ftr-433	1179	18	various	various	ADJ
ftr-433	1179	19	yield	yield	NOUN
ftr-433	1179	20	rates161	rates161	PROPN
ftr-433	1179	21	yield	yield	NOUN
ftr-433	1179	22	rate	rate	NOUN
ftr-433	1179	23	/	/	SYM
ftr-433	1179	24	net	net	NOUN
ftr-433	1179	25	change	change	NOUN
ftr-433	1179	26	gr	gr	PRON
ftr-433	1179	27	/	/	SYM
ftr-433	1179	28	ptcf	ptcf	NOUN
ftr-433	1179	29	deprec	deprec	PROPN
ftr-433	1179	30	t.i	t.i	PROPN
ftr-433	1179	31	.	.	PROPN
ftr-433	1179	32	tax	tax	PROPN
ftr-433	1179	33	atcf	atcf	PROPN
ftr-433	1179	34	irr	irr	PROPN
ftr-433	1179	35	etr	etr	PROPN
ftr-433	1179	36	npv	npv	PROPN
ftr-433	1179	37	etr	etr	PROPN
ftr-433	1179	38	10	10	NUM
ftr-433	1179	39	%	%	NOUN
ftr-433	1179	40	yield	yield	NOUN
ftr-433	1179	41	2	2	NUM
ftr-433	1179	42	2pv	2pv	NOUN
ftr-433	1179	43	/	/	SYM
ftr-433	1179	44	npv	npv	PROPN
ftr-433	1179	45	111.86	111.86	NUM
ftr-433	1179	46	88.14	88.14	NUM
ftr-433	1179	47	23.72	23.72	NUM
ftr-433	1179	48	11.86	11.86	NUM
ftr-433	1179	49	0.00	0.00	NUM
ftr-433	1179	50	50	50	NUM
ftr-433	1179	51	%	%	NOUN
ftr-433	1179	52	100	100	NUM
ftr-433	1179	53	%	%	NOUN
ftr-433	1179	54	20	20	NUM
ftr-433	1179	55	%	%	NOUN
ftr-433	1179	56	yield	yield	NOUN
ftr-433	1179	57	2	2	NUM
ftr-433	1179	58	2pv	2pv	NOUN
ftr-433	1179	59	/npv	/npv	PUNCT
ftr-433	1180	1	136.98	136.98	NUM
ftr-433	1180	2	87.67	87.67	NUM
ftr-433	1180	3	49.31	49.31	NUM
ftr-433	1180	4	24.65	24.65	NUM
ftr-433	1180	5	12.33	12.33	NUM
ftr-433	1180	6	50	50	NUM
ftr-433	1180	7	%	%	NOUN
ftr-433	1180	8	67	67	NUM
ftr-433	1180	9	%	%	NOUN
ftr-433	1180	10	net	net	ADJ
ftr-433	1180	11	change	change	NOUN
ftr-433	1180	12	2	2	NUM
ftr-433	1180	13	2pv	2pv	NOUN
ftr-433	1180	14	/npv	/npv	PUNCT
ftr-433	1181	1	+25.612	+25.612	PROPN
ftr-433	1181	2	.47	.47	NUM
ftr-433	1181	3	25.59	25.59	NUM
ftr-433	1182	1	+12.79	+12.79	NOUN
ftr-433	1182	2	+12.33	+12.33	PROPN
ftr-433	1182	3	0	0	NUM
ftr-433	1182	4	%	%	NOUN
ftr-433	1182	5	-33	-33	NUM
ftr-433	1182	6	%	%	NOUN
ftr-433	1182	7	although	although	SCONJ
ftr-433	1182	8	the	the	DET
ftr-433	1182	9	yield	yield	NOUN
ftr-433	1182	10	rate	rate	NOUN
ftr-433	1182	11	in	in	ADP
ftr-433	1182	12	table	table	NOUN
ftr-433	1182	13	15	15	NUM
ftr-433	1182	14	increases	increase	NOUN
ftr-433	1182	15	to	to	ADP
ftr-433	1182	16	20	20	NUM
ftr-433	1182	17	%	%	NOUN
ftr-433	1182	18	,	,	PUNCT
ftr-433	1182	19	the	the	DET
ftr-433	1182	20	irr	irr	NOUN
ftr-433	1182	21	etr	etr	PROPN
ftr-433	1182	22	1	1	NUM
ftr-433	1182	23	2remains	2remains	NUM
ftr-433	1182	24	at	at	ADP
ftr-433	1182	25	50	50	NUM
ftr-433	1182	26	%	%	NOUN
ftr-433	1182	27	,	,	PUNCT
ftr-433	1182	28	because	because	SCONJ
ftr-433	1182	29	irr	irr	NOUN
ftr-433	1182	30	is	be	AUX
ftr-433	1182	31	the	the	DET
ftr-433	1182	32	same	same	ADJ
ftr-433	1182	33	as	as	ADP
ftr-433	1182	34	the	the	DET
ftr-433	1182	35	yield	yield	NOUN
ftr-433	1182	36	rate	rate	NOUN
ftr-433	1182	37	(	(	PUNCT
ftr-433	1182	38	20	20	NUM
ftr-433	1182	39	%	%	NOUN
ftr-433	1182	40	)	)	PUNCT
ftr-433	1182	41	and	and	CCONJ
ftr-433	1182	42	irr	irr	NOUN
ftr-433	1182	43	equals	equal	VERB
ftr-433	1182	44	y	y	PROPN
ftr-433	1182	45	x	x	SYM
ftr-433	1182	46	(	(	PUNCT
ftr-433	1182	47	1	1	NUM
ftr-433	1182	48	–	–	PUNCT
ftr-433	1182	49	t	t	NOUN
ftr-433	1182	50	)	)	PUNCT
ftr-433	1182	51	or	or	CCONJ
ftr-433	1182	52	10	10	NUM
ftr-433	1182	53	%	%	NOUN
ftr-433	1182	54	.	.	PUNCT
ftr-433	1183	1	this	this	PRON
ftr-433	1183	2	is	be	AUX
ftr-433	1183	3	the	the	DET
ftr-433	1183	4	fourth	fourth	ADJ
ftr-433	1183	5	traditional	traditional	ADJ
ftr-433	1183	6	financial	financial	ADJ
ftr-433	1183	7	characteristic	characteristic	NOUN
ftr-433	1183	8	of	of	ADP
ftr-433	1183	9	economic	economic	ADJ
ftr-433	1183	10	depreciation	depreciation	NOUN
ftr-433	1183	11	described	describe	VERB
ftr-433	1183	12	above	above	ADV
ftr-433	1183	13	,	,	PUNCT
ftr-433	1183	14	above	above	ADV
ftr-433	1183	15	,	,	PUNCT
ftr-433	1183	16	and	and	CCONJ
ftr-433	1183	17	probably	probably	ADV
ftr-433	1183	18	its	its	PRON
ftr-433	1183	19	most	most	ADV
ftr-433	1183	20	2recognized	2recognized	NUM
ftr-433	1183	21	.	.	PUNCT
ftr-433	1184	1	however	however	ADV
ftr-433	1184	2	,	,	PUNCT
ftr-433	1184	3	the	the	DET
ftr-433	1184	4	npv	npv	NOUN
ftr-433	1184	5	of	of	ADP
ftr-433	1184	6	the	the	DET
ftr-433	1184	7	atcf	atcf	NOUN
ftr-433	1184	8	is	be	AUX
ftr-433	1184	9	now	now	ADV
ftr-433	1184	10	positive	positive	ADJ
ftr-433	1184	11	(	(	PUNCT
ftr-433	1184	12	$	$	SYM
ftr-433	1184	13	12.33	12.33	NUM
ftr-433	1184	14	)	)	PUNCT
ftr-433	1184	15	instead162	instead162	PROPN
ftr-433	1184	16	of	of	ADP
ftr-433	1184	17	$	$	SYM
ftr-433	1184	18	0.00	0.00	NUM
ftr-433	1184	19	because	because	SCONJ
ftr-433	1184	20	the	the	DET
ftr-433	1184	21	yield	yield	NOUN
ftr-433	1184	22	rate	rate	NOUN
ftr-433	1184	23	of	of	ADP
ftr-433	1184	24	20	20	NUM
ftr-433	1184	25	%	%	NOUN
ftr-433	1184	26	now	now	ADV
ftr-433	1184	27	greatly	greatly	ADV
ftr-433	1184	28	exceeds	exceed	VERB
ftr-433	1184	29	the	the	DET
ftr-433	1184	30	after	after	ADP
ftr-433	1184	31	-	-	PUNCT
ftr-433	1184	32	tax	tax	NOUN
ftr-433	1184	33	hurdle	hurdle	NOUN
ftr-433	1184	34	rate	rate	NOUN
ftr-433	1184	35	of	of	ADP
ftr-433	1184	36	10	10	NUM
ftr-433	1184	37	%	%	NOUN
ftr-433	1184	38	.	.	PUNCT
ftr-433	1185	1	in	in	ADP
ftr-433	1185	2	addition	addition	NOUN
ftr-433	1185	3	,	,	PUNCT
ftr-433	1185	4	while	while	SCONJ
ftr-433	1185	5	the	the	DET
ftr-433	1185	6	irr	irr	NOUN
ftr-433	1185	7	etr	etr	PROPN
ftr-433	1185	8	remains	remain	VERB
ftr-433	1185	9	constant	constant	ADJ
ftr-433	1185	10	at	at	ADP
ftr-433	1185	11	50	50	NUM
ftr-433	1185	12	%	%	NOUN
ftr-433	1185	13	,	,	PUNCT
ftr-433	1185	14	the	the	DET
ftr-433	1185	15	npv	npv	PROPN
ftr-433	1185	16	etr	etr	PROPN
ftr-433	1185	17	decreases	decrease	VERB
ftr-433	1185	18	from	from	ADP
ftr-433	1185	19	100	100	NUM
ftr-433	1185	20	%	%	NOUN
ftr-433	1185	21	at	at	ADP
ftr-433	1185	22	the	the	DET
ftr-433	1185	23	after	after	ADP
ftr-433	1185	24	-	-	PUNCT
ftr-433	1185	25	tax	tax	NOUN
ftr-433	1185	26	hurdle	hurdle	NOUN
ftr-433	1185	27	rate	rate	NOUN
ftr-433	1185	28	(	(	PUNCT
ftr-433	1185	29	10	10	NUM
ftr-433	1185	30	%	%	NOUN
ftr-433	1185	31	yield	yield	NOUN
ftr-433	1185	32	)	)	PUNCT
ftr-433	1185	33	to	to	ADP
ftr-433	1185	34	only	only	ADV
ftr-433	1185	35	67	67	NUM
ftr-433	1185	36	%	%	NOUN
ftr-433	1185	37	as	as	ADP
ftr-433	1185	38	the	the	DET
ftr-433	1185	39	yield	yield	NOUN
ftr-433	1185	40	rate	rate	NOUN
ftr-433	1185	41	increases	increase	NOUN
ftr-433	1185	42	to	to	ADP
ftr-433	1185	43	20%.163	20%.163	NUM
ftr-433	1185	44	while	while	SCONJ
ftr-433	1185	45	table	table	NOUN
ftr-433	1185	46	15	15	NUM
ftr-433	1185	47	shows	show	VERB
ftr-433	1185	48	that	that	SCONJ
ftr-433	1185	49	the	the	DET
ftr-433	1185	50	investment	investment	NOUN
ftr-433	1185	51	produces	produce	VERB
ftr-433	1185	52	an	an	DET
ftr-433	1185	53	npv	npv	NOUN
ftr-433	1185	54	etr	etr	NOUN
ftr-433	1185	55	of	of	ADP
ftr-433	1185	56	only	only	ADV
ftr-433	1185	57	67	67	NUM
ftr-433	1185	58	%	%	NOUN
ftr-433	1185	59	at	at	ADP
ftr-433	1185	60	the	the	DET
ftr-433	1185	61	increased	increase	VERB
ftr-433	1185	62	yield	yield	NOUN
ftr-433	1185	63	rate	rate	NOUN
ftr-433	1185	64	,	,	PUNCT
ftr-433	1185	65	it	it	PRON
ftr-433	1185	66	fails	fail	VERB
ftr-433	1185	67	to	to	PART
ftr-433	1185	68	show	show	VERB
ftr-433	1185	69	that	that	SCONJ
ftr-433	1185	70	the	the	DET
ftr-433	1185	71	npv	npv	PROPN
ftr-433	1185	72	etr	etr	PROPN
ftr-433	1185	73	on	on	ADP
ftr-433	1185	74	the164	the164	NOUN
ftr-433	1185	75	increased	increase	VERB
ftr-433	1185	76	portion	portion	NOUN
ftr-433	1185	77	of	of	ADP
ftr-433	1185	78	the	the	DET
ftr-433	1185	79	yield	yield	NOUN
ftr-433	1185	80	is	be	AUX
ftr-433	1185	81	only	only	ADV
ftr-433	1185	82	50.9	50.9	NUM
ftr-433	1185	83	%	%	NOUN
ftr-433	1185	84	.	.	PUNCT
ftr-433	1186	1	the	the	DET
ftr-433	1186	2	following	follow	VERB
ftr-433	1186	3	table	table	NOUN
ftr-433	1186	4	completes	complete	VERB
ftr-433	1186	5	the	the	DET
ftr-433	1186	6	2analysis	2analysis	NUM
ftr-433	1186	7	by	by	ADP
ftr-433	1186	8	showing	show	VERB
ftr-433	1186	9	only	only	ADV
ftr-433	1186	10	the	the	DET
ftr-433	1186	11	increases	increase	NOUN
ftr-433	1186	12	to	to	PART
ftr-433	1186	13	and	and	CCONJ
ftr-433	1186	14	the	the	DET
ftr-433	1186	15	changed	change	VERB
ftr-433	1186	16	ratios	ratio	NOUN
ftr-433	1186	17	of	of	ADP
ftr-433	1186	18	the	the	DET
ftr-433	1186	19	pv	pv	NOUN
ftr-433	1186	20	’s	’s	ADV
ftr-433	1186	21	of	of	ADP
ftr-433	1186	22	tax	tax	NOUN
ftr-433	1186	23	paid	pay	VERB
ftr-433	1186	24	and	and	CCONJ
ftr-433	1186	25	after	after	ADP
ftr-433	1186	26	-	-	PUNCT
ftr-433	1186	27	tax	tax	NOUN
ftr-433	1186	28	cash	cash	NOUN
ftr-433	1186	29	flow	flow	NOUN
ftr-433	1186	30	at	at	ADP
ftr-433	1186	31	yields	yield	NOUN
ftr-433	1186	32	of	of	ADP
ftr-433	1186	33	10	10	NUM
ftr-433	1186	34	%	%	NOUN
ftr-433	1186	35	and	and	CCONJ
ftr-433	1186	36	20	20	NUM
ftr-433	1186	37	%	%	NOUN
ftr-433	1186	38	,	,	PUNCT
ftr-433	1186	39	respectively	respectively	ADV
ftr-433	1186	40	.	.	PUNCT
ftr-433	1187	1	the	the	DET
ftr-433	1187	2	result	result	NOUN
ftr-433	1187	3	is	be	AUX
ftr-433	1187	4	a	a	DET
ftr-433	1187	5	decrease	decrease	NOUN
ftr-433	1187	6	in	in	ADP
ftr-433	1187	7	the	the	DET
ftr-433	1187	8	overall	overall	ADJ
ftr-433	1187	9	npv	npv	PROPN
ftr-433	1187	10	etr	etr	PROPN
ftr-433	1187	11	.	.	PUNCT
ftr-433	1188	1	522	522	NUM
ftr-433	1188	2	florida	florida	PROPN
ftr-433	1188	3	tax	tax	NOUN
ftr-433	1188	4	review	review	NOUN
ftr-433	1188	5	[	[	X
ftr-433	1188	6	vol	vol	NOUN
ftr-433	1188	7	.	.	PUNCT
ftr-433	1188	8	5:7	5:7	NUM
ftr-433	1188	9	165	165	NUM
ftr-433	1188	10	.	.	PUNCT
ftr-433	1189	1	see	see	VERB
ftr-433	1189	2	supra	supra	ADJ
ftr-433	1189	3	table	table	NOUN
ftr-433	1189	4	14	14	NUM
ftr-433	1189	5	.	.	PUNCT
ftr-433	1189	6	2166	2166	NUM
ftr-433	1189	7	.	.	PUNCT
ftr-433	1190	1	the	the	DET
ftr-433	1190	2	minor	minor	ADJ
ftr-433	1190	3	difference	difference	NOUN
ftr-433	1190	4	is	be	AUX
ftr-433	1190	5	caused	cause	VERB
ftr-433	1190	6	by	by	ADP
ftr-433	1190	7	the	the	DET
ftr-433	1190	8	allocation	allocation	NOUN
ftr-433	1190	9	of	of	ADP
ftr-433	1190	10	the	the	DET
ftr-433	1190	11	pv	pv	NOUN
ftr-433	1190	12	of	of	ADP
ftr-433	1190	13	the	the	DET
ftr-433	1190	14	2	2	NUM
ftr-433	1190	15	2decrease	2decrease	NUM
ftr-433	1190	16	in	in	ADP
ftr-433	1190	17	depreciation	depreciation	NOUN
ftr-433	1190	18	to	to	ADP
ftr-433	1190	19	the	the	DET
ftr-433	1190	20	pv	pv	PROPN
ftr-433	1190	21	t.i	t.i	PROPN
ftr-433	1190	22	.	.	PROPN
ftr-433	1190	23	but	but	CCONJ
ftr-433	1190	24	not	not	PART
ftr-433	1190	25	to	to	ADP
ftr-433	1190	26	the	the	DET
ftr-433	1190	27	pv	pv	PROPN
ftr-433	1190	28	ptcf	ptcf	NOUN
ftr-433	1190	29	.	.	PUNCT
ftr-433	1191	1	2	2	NUM
ftr-433	1191	2	2	2	NUM
ftr-433	1191	3	2167	2167	NUM
ftr-433	1191	4	.	.	PUNCT
ftr-433	1192	1	npv	npv	NOUN
ftr-433	1192	2	tax	tax	NOUN
ftr-433	1192	3	increase	increase	NOUN
ftr-433	1192	4	/	/	SYM
ftr-433	1192	5	npv	npv	NOUN
ftr-433	1192	6	tot	tot	NOUN
ftr-433	1192	7	npv	npv	NOUN
ftr-433	1192	8	’s	’s	PART
ftr-433	1192	9	increase	increase	NOUN
ftr-433	1192	10	=	=	SYM
ftr-433	1192	11	$	$	SYM
ftr-433	1192	12	12.79/$25.12	12.79/$25.12	NUM
ftr-433	1192	13	=	=	SYM
ftr-433	1192	14	50.9	50.9	NUM
ftr-433	1192	15	%	%	NOUN
ftr-433	1192	16	.	.	PUNCT
ftr-433	1193	1	168	168	NUM
ftr-433	1193	2	.	.	PUNCT
ftr-433	1194	1	the	the	DET
ftr-433	1194	2	pre	pre	ADJ
ftr-433	1194	3	-	-	ADJ
ftr-433	1194	4	tax	tax	ADJ
ftr-433	1194	5	discount	discount	NOUN
ftr-433	1194	6	rate	rate	NOUN
ftr-433	1194	7	equals	equal	VERB
ftr-433	1194	8	an	an	DET
ftr-433	1194	9	amit	amit	PROPN
ftr-433	1194	10	taxpayer	taxpayer	NOUN
ftr-433	1194	11	’s	’s	PART
ftr-433	1194	12	after	after	ADP
ftr-433	1194	13	-	-	PUNCT
ftr-433	1194	14	tax	tax	NOUN
ftr-433	1194	15	hurdle	hurdle	NOUN
ftr-433	1194	16	rate	rate	NOUN
ftr-433	1194	17	.	.	PUNCT
ftr-433	1194	18	table	table	NOUN
ftr-433	1194	19	16	16	NUM
ftr-433	1194	20	:	:	PUNCT
ftr-433	1194	21	changes	change	NOUN
ftr-433	1194	22	in	in	ADP
ftr-433	1194	23	the	the	DET
ftr-433	1194	24	allocation	allocation	NOUN
ftr-433	1194	25	of	of	ADP
ftr-433	1194	26	the	the	DET
ftr-433	1194	27	elements	element	NOUN
ftr-433	1194	28	of	of	ADP
ftr-433	1194	29	npv	npv	PROPN
ftr-433	1194	30	etr	etr	PROPN
ftr-433	1194	31	due	due	ADP
ftr-433	1194	32	to	to	PART
ftr-433	1194	33	yield	yield	VERB
ftr-433	1194	34	rate	rate	NOUN
ftr-433	1194	35	increase	increase	NOUN
ftr-433	1194	36	yield	yield	NOUN
ftr-433	1194	37	rate	rate	NOUN
ftr-433	1194	38	:	:	PUNCT
ftr-433	1194	39	10	10	NUM
ftr-433	1194	40	%	%	NOUN
ftr-433	1194	41	change	change	NOUN
ftr-433	1194	42	20	20	NUM
ftr-433	1194	43	%	%	NOUN
ftr-433	1194	44	2npv	2npv	NUM
ftr-433	1194	45	tax	tax	VERB
ftr-433	1194	46	11.86	11.86	NUM
ftr-433	1194	47	+12.79	+12.79	NOUN
ftr-433	1194	48	24.65	24.65	NUM
ftr-433	1194	49	2npv	2npv	NOUN
ftr-433	1194	50	atcf	atcf	ADJ
ftr-433	1194	51	0.00	0.00	NUM
ftr-433	1194	52	+12.33	+12.33	PROPN
ftr-433	1194	53	12.33	12.33	NUM
ftr-433	1194	54	2tot	2tot	NUM
ftr-433	1194	55	npv	npv	NOUN
ftr-433	1194	56	’s	’s	PART
ftr-433	1194	57	11.86	11.86	NUM
ftr-433	1194	58	+25.12	+25.12	PROPN
ftr-433	1194	59	36.98	36.98	NUM
ftr-433	1194	60	npv	npv	NOUN
ftr-433	1194	61	etr	etr	PROPN
ftr-433	1194	62	100	100	NUM
ftr-433	1194	63	%	%	NOUN
ftr-433	1194	64	50.9	50.9	NUM
ftr-433	1194	65	%	%	NOUN
ftr-433	1194	66	67	67	NUM
ftr-433	1194	67	%	%	NOUN
ftr-433	1194	68	these	these	DET
ftr-433	1194	69	changes	change	NOUN
ftr-433	1194	70	in	in	ADP
ftr-433	1194	71	npv	npv	NOUN
ftr-433	1194	72	and	and	CCONJ
ftr-433	1194	73	npv	npv	PROPN
ftr-433	1194	74	etr	etr	PROPN
ftr-433	1194	75	show	show	VERB
ftr-433	1194	76	that	that	SCONJ
ftr-433	1194	77	once	once	SCONJ
ftr-433	1194	78	the	the	DET
ftr-433	1194	79	after	after	ADP
ftr-433	1194	80	-	-	PUNCT
ftr-433	1194	81	tax	tax	NOUN
ftr-433	1194	82	hurdle	hurdle	NOUN
ftr-433	1194	83	rate	rate	NOUN
ftr-433	1194	84	is	be	AUX
ftr-433	1194	85	exceeded	exceed	VERB
ftr-433	1194	86	,	,	PUNCT
ftr-433	1194	87	the	the	DET
ftr-433	1194	88	npv	npv	PROPN
ftr-433	1194	89	etr	etr	PROPN
ftr-433	1194	90	with	with	ADP
ftr-433	1194	91	respect	respect	NOUN
ftr-433	1194	92	to	to	ADP
ftr-433	1194	93	the	the	DET
ftr-433	1194	94	financial	financial	ADJ
ftr-433	1194	95	return	return	NOUN
ftr-433	1194	96	in	in	ADP
ftr-433	1194	97	excess	excess	NOUN
ftr-433	1194	98	of	of	ADP
ftr-433	1194	99	the	the	DET
ftr-433	1194	100	after	after	ADP
ftr-433	1194	101	-	-	PUNCT
ftr-433	1194	102	tax	tax	NOUN
ftr-433	1194	103	hurdle	hurdle	NOUN
ftr-433	1194	104	rate	rate	NOUN
ftr-433	1194	105	becomes	become	VERB
ftr-433	1194	106	approximately	approximately	ADV
ftr-433	1194	107	equal	equal	ADJ
ftr-433	1194	108	to	to	ADP
ftr-433	1194	109	the	the	DET
ftr-433	1194	110	nominal	nominal	ADJ
ftr-433	1194	111	tax	tax	NOUN
ftr-433	1194	112	rate	rate	NOUN
ftr-433	1194	113	.	.	PUNCT
ftr-433	1195	1	to	to	PART
ftr-433	1195	2	illustrate	illustrate	VERB
ftr-433	1195	3	this	this	DET
ftr-433	1195	4	point	point	NOUN
ftr-433	1195	5	,	,	PUNCT
ftr-433	1195	6	notice	notice	VERB
ftr-433	1195	7	that	that	SCONJ
ftr-433	1195	8	the	the	DET
ftr-433	1195	9	npv	npv	PROPN
ftr-433	1195	10	etr	etr	PROPN
ftr-433	1195	11	on	on	ADP
ftr-433	1195	12	the	the	DET
ftr-433	1195	13	first	first	ADJ
ftr-433	1195	14	10	10	NUM
ftr-433	1195	15	%	%	NOUN
ftr-433	1195	16	of	of	ADP
ftr-433	1195	17	the	the	DET
ftr-433	1195	18	220	220	NUM
ftr-433	1195	19	%	%	NOUN
ftr-433	1195	20	yield	yield	NOUN
ftr-433	1195	21	in	in	ADP
ftr-433	1195	22	table	table	NOUN
ftr-433	1195	23	16	16	NUM
ftr-433	1195	24	is	be	AUX
ftr-433	1195	25	100	100	NUM
ftr-433	1195	26	%	%	NOUN
ftr-433	1195	27	.	.	PUNCT
ftr-433	1196	1	this	this	PRON
ftr-433	1196	2	occurs	occur	VERB
ftr-433	1196	3	because	because	SCONJ
ftr-433	1196	4	the	the	DET
ftr-433	1196	5	entire	entire	ADJ
ftr-433	1196	6	npv	npv	NOUN
ftr-433	1196	7	of	of	ADP
ftr-433	1196	8	the	the	DET
ftr-433	1196	9	ptcf	ptcf	NOUN
ftr-433	1196	10	is	be	AUX
ftr-433	1196	11	paid	pay	VERB
ftr-433	1196	12	as	as	ADP
ftr-433	1196	13	tax	tax	NOUN
ftr-433	1196	14	.	.	PUNCT
ftr-433	1197	1	however	however	ADV
ftr-433	1197	2	,	,	PUNCT
ftr-433	1197	3	as	as	SCONJ
ftr-433	1197	4	table	table	NOUN
ftr-433	1197	5	16	16	NUM
ftr-433	1197	6	also	also	ADV
ftr-433	1197	7	shows	show	VERB
ftr-433	1197	8	,	,	PUNCT
ftr-433	1197	9	the	the	DET
ftr-433	1197	10	npv	npv	PROPN
ftr-433	1197	11	etr	etr	PROPN
ftr-433	1197	12	for	for	ADP
ftr-433	1197	13	the165	the165	ADJ
ftr-433	1197	14	next	next	ADJ
ftr-433	1197	15	10	10	NUM
ftr-433	1197	16	%	%	NOUN
ftr-433	1197	17	of	of	ADP
ftr-433	1197	18	yield	yield	NOUN
ftr-433	1197	19	is	be	AUX
ftr-433	1197	20	almost	almost	ADV
ftr-433	1197	21	exactly	exactly	ADV
ftr-433	1197	22	identical	identical	ADJ
ftr-433	1197	23	to	to	ADP
ftr-433	1197	24	the	the	DET
ftr-433	1197	25	nominal	nominal	ADJ
ftr-433	1197	26	tax	tax	NOUN
ftr-433	1197	27	rate	rate	NOUN
ftr-433	1197	28	(	(	PUNCT
ftr-433	1197	29	50.9%).166	50.9%).166	NUM
ftr-433	1197	30	thus	thus	ADV
ftr-433	1197	31	economic	economic	ADJ
ftr-433	1197	32	depreciation	depreciation	NOUN
ftr-433	1197	33	produces	produce	VERB
ftr-433	1197	34	approximately	approximately	ADV
ftr-433	1197	35	a	a	DET
ftr-433	1197	36	50	50	NUM
ftr-433	1197	37	%	%	NOUN
ftr-433	1197	38	npv	npv	NOUN
ftr-433	1197	39	etr	etr	PROPN
ftr-433	1197	40	on	on	ADP
ftr-433	1197	41	the	the	DET
ftr-433	1197	42	portion	portion	NOUN
ftr-433	1197	43	of	of	ADP
ftr-433	1197	44	the	the	DET
ftr-433	1197	45	yield	yield	NOUN
ftr-433	1197	46	between	between	ADP
ftr-433	1197	47	10	10	NUM
ftr-433	1197	48	%	%	NOUN
ftr-433	1197	49	and	and	CCONJ
ftr-433	1197	50	20	20	NUM
ftr-433	1197	51	%	%	NOUN
ftr-433	1197	52	,	,	PUNCT
ftr-433	1197	53	and	and	CCONJ
ftr-433	1197	54	the	the	DET
ftr-433	1197	55	overall	overall	ADJ
ftr-433	1197	56	npv	npv	PROPN
ftr-433	1197	57	etr	etr	PROPN
ftr-433	1197	58	on	on	ADP
ftr-433	1197	59	the167	the167	PROPN
ftr-433	1197	60	20	20	NUM
ftr-433	1197	61	%	%	NOUN
ftr-433	1197	62	yield	yield	NOUN
ftr-433	1197	63	is	be	AUX
ftr-433	1197	64	a	a	DET
ftr-433	1197	65	blended	blend	VERB
ftr-433	1197	66	rate	rate	NOUN
ftr-433	1197	67	of	of	ADP
ftr-433	1197	68	67	67	NUM
ftr-433	1197	69	%	%	NOUN
ftr-433	1197	70	.	.	PUNCT
ftr-433	1198	1	two	two	NUM
ftr-433	1198	2	points	point	NOUN
ftr-433	1198	3	emerge	emerge	VERB
ftr-433	1198	4	from	from	ADP
ftr-433	1198	5	this	this	DET
ftr-433	1198	6	analysis	analysis	NOUN
ftr-433	1198	7	.	.	PUNCT
ftr-433	1199	1	first	first	ADV
ftr-433	1199	2	,	,	PUNCT
ftr-433	1199	3	to	to	ADP
ftr-433	1199	4	the	the	DET
ftr-433	1199	5	extent	extent	NOUN
ftr-433	1199	6	the	the	DET
ftr-433	1199	7	financial	financial	ADJ
ftr-433	1199	8	yield	yield	NOUN
ftr-433	1199	9	produced	produce	VERB
ftr-433	1199	10	by	by	ADP
ftr-433	1199	11	an	an	DET
ftr-433	1199	12	economically	economically	ADV
ftr-433	1199	13	depreciated	depreciate	VERB
ftr-433	1199	14	asset	asset	NOUN
ftr-433	1199	15	in	in	ADP
ftr-433	1199	16	an	an	DET
ftr-433	1199	17	amit	amit	NOUN
ftr-433	1199	18	base	base	NOUN
ftr-433	1199	19	equals	equal	VERB
ftr-433	1199	20	the	the	DET
ftr-433	1199	21	pre	pre	ADJ
ftr-433	1199	22	-	-	ADJ
ftr-433	1199	23	tax	tax	ADJ
ftr-433	1199	24	discount	discount	NOUN
ftr-433	1199	25	rate	rate	NOUN
ftr-433	1199	26	,	,	PUNCT
ftr-433	1199	27	all	all	DET
ftr-433	1199	28	financial	financial	ADJ
ftr-433	1199	29	yield	yield	NOUN
ftr-433	1199	30	is	be	AUX
ftr-433	1199	31	allocated	allocate	VERB
ftr-433	1199	32	exclusively	exclusively	ADV
ftr-433	1199	33	to	to	PART
ftr-433	1199	34	tax168	tax168	VERB
ftr-433	1199	35	payment	payment	NOUN
ftr-433	1199	36	,	,	PUNCT
ftr-433	1199	37	as	as	SCONJ
ftr-433	1199	38	measured	measure	VERB
ftr-433	1199	39	by	by	ADP
ftr-433	1199	40	npv	npv	PROPN
ftr-433	1199	41	etr	etr	PROPN
ftr-433	1199	42	.	.	PUNCT
ftr-433	1200	1	second	second	PROPN
ftr-433	1200	2	,	,	PUNCT
ftr-433	1200	3	the	the	DET
ftr-433	1200	4	financial	financial	ADJ
ftr-433	1200	5	yield	yield	NOUN
ftr-433	1200	6	in	in	ADP
ftr-433	1200	7	excess	excess	NOUN
ftr-433	1200	8	of	of	ADP
ftr-433	1200	9	the	the	DET
ftr-433	1200	10	after	after	ADP
ftr-433	1200	11	-	-	PUNCT
ftr-433	1200	12	tax	tax	NOUN
ftr-433	1200	13	hurdle	hurdle	NOUN
ftr-433	1200	14	rate	rate	NOUN
ftr-433	1200	15	is	be	AUX
ftr-433	1200	16	taxed	tax	VERB
ftr-433	1200	17	financially	financially	ADV
ftr-433	1200	18	at	at	ADP
ftr-433	1200	19	approximately	approximately	ADV
ftr-433	1200	20	the	the	DET
ftr-433	1200	21	nominal	nominal	ADJ
ftr-433	1200	22	tax	tax	NOUN
ftr-433	1200	23	rate	rate	NOUN
ftr-433	1200	24	,	,	PUNCT
ftr-433	1200	25	also	also	ADV
ftr-433	1200	26	as	as	SCONJ
ftr-433	1200	27	measured	measure	VERB
ftr-433	1200	28	by	by	ADP
ftr-433	1200	29	the	the	DET
ftr-433	1200	30	npv	npv	PROPN
ftr-433	1200	31	etr	etr	PROPN
ftr-433	1200	32	.	.	PUNCT
ftr-433	1201	1	what	what	PRON
ftr-433	1201	2	is	be	AUX
ftr-433	1201	3	the	the	DET
ftr-433	1201	4	reason	reason	NOUN
ftr-433	1201	5	for	for	ADP
ftr-433	1201	6	the	the	DET
ftr-433	1201	7	exclusive	exclusive	ADJ
ftr-433	1201	8	allocation	allocation	NOUN
ftr-433	1201	9	of	of	ADP
ftr-433	1201	10	the	the	DET
ftr-433	1201	11	first	first	ADJ
ftr-433	1201	12	10	10	NUM
ftr-433	1201	13	%	%	NOUN
ftr-433	1201	14	of	of	ADP
ftr-433	1201	15	the	the	DET
ftr-433	1201	16	after	after	ADP
ftr-433	1201	17	-	-	PUNCT
ftr-433	1201	18	tax	tax	NOUN
ftr-433	1201	19	financial	financial	ADJ
ftr-433	1201	20	yield	yield	NOUN
ftr-433	1201	21	to	to	ADP
ftr-433	1201	22	the	the	DET
ftr-433	1201	23	payment	payment	NOUN
ftr-433	1201	24	of	of	ADP
ftr-433	1201	25	tax	tax	NOUN
ftr-433	1201	26	?	?	PUNCT
ftr-433	1202	1	in	in	ADP
ftr-433	1202	2	the	the	DET
ftr-433	1202	3	context	context	NOUN
ftr-433	1202	4	of	of	ADP
ftr-433	1202	5	this	this	DET
ftr-433	1202	6	investment	investment	NOUN
ftr-433	1202	7	model	model	NOUN
ftr-433	1202	8	,	,	PUNCT
ftr-433	1202	9	an	an	DET
ftr-433	1202	10	amit	amit	NOUN
ftr-433	1202	11	base	base	NOUN
ftr-433	1202	12	only	only	ADV
ftr-433	1202	13	measures	measure	NOUN
ftr-433	1202	14	and	and	CCONJ
ftr-433	1202	15	taxes	taxis	NOUN
ftr-433	1202	16	changes	change	NOUN
ftr-433	1202	17	in	in	ADP
ftr-433	1202	18	pre	pre	ADJ
ftr-433	1202	19	-	-	ADJ
ftr-433	1202	20	tax	tax	ADJ
ftr-433	1202	21	financial	financial	ADJ
ftr-433	1202	22	wealth	wealth	NOUN
ftr-433	1202	23	,	,	PUNCT
ftr-433	1202	24	and	and	CCONJ
ftr-433	1202	25	no	no	DET
ftr-433	1202	26	such	such	ADJ
ftr-433	1202	27	increase	increase	NOUN
ftr-433	1202	28	exists	exist	VERB
ftr-433	1202	29	as	as	ADV
ftr-433	1202	30	long	long	ADV
ftr-433	1202	31	as	as	SCONJ
ftr-433	1202	32	the	the	DET
ftr-433	1202	33	yield	yield	NOUN
ftr-433	1202	34	rate	rate	NOUN
ftr-433	1202	35	of	of	ADP
ftr-433	1202	36	an	an	DET
ftr-433	1202	37	investment	investment	NOUN
ftr-433	1202	38	is	be	AUX
ftr-433	1202	39	equal	equal	ADJ
ftr-433	1202	40	to	to	ADP
ftr-433	1202	41	or	or	CCONJ
ftr-433	1202	42	less	less	ADJ
ftr-433	1202	43	than	than	ADP
ftr-433	1202	44	the	the	DET
ftr-433	1202	45	pre	pre	ADJ
ftr-433	1202	46	-	-	ADJ
ftr-433	1202	47	tax	tax	ADJ
ftr-433	1202	48	discount	discount	NOUN
ftr-433	1202	49	rate	rate	NOUN
ftr-433	1202	50	.	.	PUNCT
ftr-433	1203	1	however	however	ADV
ftr-433	1203	2	,	,	PUNCT
ftr-433	1203	3	once	once	SCONJ
ftr-433	1203	4	the	the	DET
ftr-433	1203	5	yield	yield	NOUN
ftr-433	1203	6	rate	rate	NOUN
ftr-433	1203	7	exceeds	exceed	VERB
ftr-433	1203	8	the	the	DET
ftr-433	1203	9	pre	pre	ADJ
ftr-433	1203	10	-	-	ADJ
ftr-433	1203	11	tax	tax	ADJ
ftr-433	1203	12	discount	discount	NOUN
ftr-433	1203	13	rate	rate	NOUN
ftr-433	1203	14	(	(	PUNCT
ftr-433	1203	15	the	the	DET
ftr-433	1203	16	taxpayer	taxpayer	NOUN
ftr-433	1203	17	after	after	ADP
ftr-433	1203	18	-	-	PUNCT
ftr-433	1203	19	tax	tax	NOUN
ftr-433	1203	20	hurdle	hurdle	NOUN
ftr-433	1203	21	rate	rate	NOUN
ftr-433	1203	22	)	)	PUNCT
ftr-433	1203	23	,	,	PUNCT
ftr-433	1203	24	an	an	DET
ftr-433	1203	25	economically	economically	ADV
ftr-433	1203	26	depreciated	depreciate	VERB
ftr-433	1203	27	asset	asset	NOUN
ftr-433	1203	28	produces	produce	VERB
ftr-433	1203	29	both	both	CCONJ
ftr-433	1203	30	a	a	DET
ftr-433	1203	31	positive	positive	ADJ
ftr-433	1203	32	pre	pre	ADJ
ftr-433	1203	33	-	-	ADJ
ftr-433	1203	34	tax	tax	ADJ
ftr-433	1203	35	change	change	NOUN
ftr-433	1203	36	in	in	ADP
ftr-433	1203	37	wealth	wealth	NOUN
ftr-433	1203	38	to	to	ADP
ftr-433	1203	39	tax	tax	NOUN
ftr-433	1203	40	and	and	CCONJ
ftr-433	1203	41	a	a	DET
ftr-433	1203	42	positive	positive	ADJ
ftr-433	1203	43	net	net	ADJ
ftr-433	1203	44	present	present	ADJ
ftr-433	1203	45	value	value	NOUN
ftr-433	1203	46	after	after	ADP
ftr-433	1203	47	-	-	PUNCT
ftr-433	1203	48	tax	tax	NOUN
ftr-433	1203	49	.	.	PUNCT
ftr-433	1204	1	however	however	ADV
ftr-433	1204	2	,	,	PUNCT
ftr-433	1204	3	because	because	SCONJ
ftr-433	1204	4	the	the	DET
ftr-433	1204	5	first	first	ADJ
ftr-433	1204	6	level	level	NOUN
ftr-433	1204	7	of	of	ADP
ftr-433	1204	8	the	the	DET
ftr-433	1204	9	financial	financial	ADJ
ftr-433	1204	10	yield	yield	NOUN
ftr-433	1204	11	(	(	PUNCT
ftr-433	1204	12	to	to	ADP
ftr-433	1204	13	the	the	DET
ftr-433	1204	14	extent	extent	NOUN
ftr-433	1204	15	of	of	ADP
ftr-433	1204	16	1d	1d	NUM
ftr-433	1204	17	)	)	PUNCT
ftr-433	1204	18	is	be	AUX
ftr-433	1204	19	taxed	tax	VERB
ftr-433	1204	20	at	at	ADP
ftr-433	1204	21	a	a	DET
ftr-433	1204	22	100	100	NUM
ftr-433	1204	23	%	%	NOUN
ftr-433	1204	24	effective	effective	ADJ
ftr-433	1204	25	rate	rate	NOUN
ftr-433	1204	26	,	,	PUNCT
ftr-433	1204	27	the	the	DET
ftr-433	1204	28	npv	npv	PROPN
ftr-433	1204	29	etr	etr	PROPN
ftr-433	1204	30	for	for	ADP
ftr-433	1204	31	an	an	DET
ftr-433	1204	32	economically	economically	ADV
ftr-433	1204	33	depreciated	depreciate	VERB
ftr-433	1204	34	asset	asset	NOUN
ftr-433	1204	35	in	in	ADP
ftr-433	1204	36	an	an	DET
ftr-433	1204	37	amit	amit	NOUN
ftr-433	1204	38	base	base	NOUN
ftr-433	1204	39	never	never	ADV
ftr-433	1204	40	exactly	exactly	ADV
ftr-433	1204	41	equals	equal	VERB
ftr-433	1204	42	the	the	DET
ftr-433	1204	43	applicable	applicable	ADJ
ftr-433	1204	44	nominal	nominal	ADJ
ftr-433	1204	45	1tax	1tax	NUM
ftr-433	1204	46	rate	rate	NOUN
ftr-433	1204	47	,	,	PUNCT
ftr-433	1204	48	even	even	ADV
ftr-433	1204	49	though	though	SCONJ
ftr-433	1204	50	yield	yield	NOUN
ftr-433	1204	51	in	in	ADP
ftr-433	1204	52	excess	excess	NOUN
ftr-433	1204	53	of	of	ADP
ftr-433	1204	54	d	d	PROPN
ftr-433	1204	55	is	be	AUX
ftr-433	1204	56	taxed	tax	VERB
ftr-433	1204	57	almost	almost	ADV
ftr-433	1204	58	at	at	ADP
ftr-433	1204	59	nominal	nominal	ADJ
ftr-433	1204	60	rates	rate	NOUN
ftr-433	1204	61	2002	2002	NUM
ftr-433	1204	62	]	]	PUNCT
ftr-433	1204	63	normative	normative	ADJ
ftr-433	1204	64	capital	capital	NOUN
ftr-433	1204	65	cost	cost	NOUN
ftr-433	1204	66	recovery	recovery	NOUN
ftr-433	1204	67	523	523	NUM
ftr-433	1204	68	financially	financially	ADV
ftr-433	1204	69	.	.	PUNCT
ftr-433	1205	1	to	to	PART
ftr-433	1205	2	confirm	confirm	VERB
ftr-433	1205	3	this	this	DET
ftr-433	1205	4	point	point	NOUN
ftr-433	1205	5	,	,	PUNCT
ftr-433	1205	6	figure	figure	NOUN
ftr-433	1205	7	1	1	NUM
ftr-433	1205	8	below	below	ADP
ftr-433	1205	9	plots	plot	NOUN
ftr-433	1205	10	the	the	DET
ftr-433	1205	11	npv	npv	PROPN
ftr-433	1205	12	etr	etr	PROPN
ftr-433	1205	13	for	for	ADP
ftr-433	1205	14	an	an	DET
ftr-433	1205	15	economically	economically	ADV
ftr-433	1205	16	depreciated	depreciate	VERB
ftr-433	1205	17	$	$	SYM
ftr-433	1205	18	100	100	NUM
ftr-433	1205	19	investment	investment	NOUN
ftr-433	1205	20	that	that	PRON
ftr-433	1205	21	is	be	AUX
ftr-433	1205	22	subject	subject	ADJ
ftr-433	1205	23	to	to	ADP
ftr-433	1205	24	a	a	DET
ftr-433	1205	25	50	50	NUM
ftr-433	1205	26	%	%	NOUN
ftr-433	1205	27	tax	tax	NOUN
ftr-433	1205	28	rate	rate	NOUN
ftr-433	1205	29	and	and	CCONJ
ftr-433	1205	30	that	that	PRON
ftr-433	1205	31	produces	produce	VERB
ftr-433	1205	32	a	a	DET
ftr-433	1205	33	yield	yield	NOUN
ftr-433	1205	34	rate	rate	NOUN
ftr-433	1205	35	ranging	range	VERB
ftr-433	1205	36	from	from	ADP
ftr-433	1205	37	10	10	NUM
ftr-433	1205	38	%	%	NOUN
ftr-433	1205	39	to	to	PART
ftr-433	1205	40	90	90	NUM
ftr-433	1205	41	%	%	NOUN
ftr-433	1205	42	.	.	PUNCT
ftr-433	1206	1	nominal	nominal	PROPN
ftr-433	1206	2	etr	etr	PROPN
ftr-433	1206	3	’s	’s	PART
ftr-433	1206	4	are	be	AUX
ftr-433	1206	5	also	also	ADV
ftr-433	1206	6	plotted	plot	VERB
ftr-433	1206	7	for	for	SCONJ
ftr-433	1206	8	those	those	DET
ftr-433	1206	9	tax	tax	NOUN
ftr-433	1206	10	rates	rate	NOUN
ftr-433	1206	11	to	to	PART
ftr-433	1206	12	serve	serve	VERB
ftr-433	1206	13	as	as	ADP
ftr-433	1206	14	a	a	DET
ftr-433	1206	15	reference	reference	NOUN
ftr-433	1206	16	point	point	NOUN
ftr-433	1206	17	.	.	PUNCT
ftr-433	1207	1	figure	figure	NOUN
ftr-433	1207	2	1	1	NUM
ftr-433	1207	3	:	:	PUNCT
ftr-433	1207	4	npv	npv	PROPN
ftr-433	1207	5	etr	etr	PROPN
ftr-433	1207	6	at	at	ADP
ftr-433	1207	7	variable	variable	ADJ
ftr-433	1207	8	yield	yield	NOUN
ftr-433	1207	9	rates	rate	NOUN
ftr-433	1207	10	as	as	SCONJ
ftr-433	1207	11	shown	show	VERB
ftr-433	1207	12	earlier	early	ADV
ftr-433	1207	13	,	,	PUNCT
ftr-433	1207	14	at	at	ADP
ftr-433	1207	15	a	a	DET
ftr-433	1207	16	20	20	NUM
ftr-433	1207	17	%	%	NOUN
ftr-433	1207	18	yield	yield	NOUN
ftr-433	1207	19	the	the	DET
ftr-433	1207	20	first	first	ADJ
ftr-433	1207	21	10	10	NUM
ftr-433	1207	22	%	%	NOUN
ftr-433	1207	23	of	of	ADP
ftr-433	1207	24	yield	yield	NOUN
ftr-433	1207	25	is	be	AUX
ftr-433	1207	26	taxed	tax	VERB
ftr-433	1207	27	at	at	ADP
ftr-433	1207	28	an	an	DET
ftr-433	1207	29	npv	npv	NOUN
ftr-433	1207	30	effective	effective	ADJ
ftr-433	1207	31	rate	rate	NOUN
ftr-433	1207	32	of	of	ADP
ftr-433	1207	33	100	100	NUM
ftr-433	1207	34	%	%	NOUN
ftr-433	1207	35	,	,	PUNCT
ftr-433	1207	36	and	and	CCONJ
ftr-433	1207	37	the	the	DET
ftr-433	1207	38	second	second	ADJ
ftr-433	1207	39	10	10	NUM
ftr-433	1207	40	%	%	NOUN
ftr-433	1207	41	at	at	ADP
ftr-433	1207	42	50.9	50.9	NUM
ftr-433	1207	43	%	%	NOUN
ftr-433	1207	44	,	,	PUNCT
ftr-433	1207	45	producing	produce	VERB
ftr-433	1207	46	an	an	DET
ftr-433	1207	47	overall	overall	ADJ
ftr-433	1207	48	npv	npv	NOUN
ftr-433	1207	49	etr	etr	PROPN
ftr-433	1207	50	of	of	ADP
ftr-433	1207	51	67	67	NUM
ftr-433	1207	52	%	%	NOUN
ftr-433	1207	53	.	.	PUNCT
ftr-433	1208	1	as	as	ADP
ftr-433	1208	2	the	the	DET
ftr-433	1208	3	amount	amount	NOUN
ftr-433	1208	4	of	of	ADP
ftr-433	1208	5	yield	yield	NOUN
ftr-433	1208	6	in	in	ADP
ftr-433	1208	7	excess	excess	NOUN
ftr-433	1208	8	of	of	ADP
ftr-433	1208	9	the	the	DET
ftr-433	1208	10	after	after	ADP
ftr-433	1208	11	-	-	PUNCT
ftr-433	1208	12	tax	tax	NOUN
ftr-433	1208	13	hurdle	hurdle	NOUN
ftr-433	1208	14	rate	rate	NOUN
ftr-433	1208	15	increases	increase	NOUN
ftr-433	1208	16	,	,	PUNCT
ftr-433	1208	17	the	the	DET
ftr-433	1208	18	overall	overall	ADJ
ftr-433	1208	19	effective	effective	ADJ
ftr-433	1208	20	tax	tax	NOUN
ftr-433	1208	21	rate	rate	NOUN
ftr-433	1208	22	decreases	decrease	NOUN
ftr-433	1208	23	as	as	SCONJ
ftr-433	1208	24	more	more	ADJ
ftr-433	1208	25	and	and	CCONJ
ftr-433	1208	26	more	more	ADJ
ftr-433	1208	27	yield	yield	NOUN
ftr-433	1208	28	(	(	PUNCT
ftr-433	1208	29	and	and	CCONJ
ftr-433	1208	30	a	a	DET
ftr-433	1208	31	greater	great	ADJ
ftr-433	1208	32	percentage	percentage	NOUN
ftr-433	1208	33	of	of	ADP
ftr-433	1208	34	yield	yield	NOUN
ftr-433	1208	35	)	)	PUNCT
ftr-433	1208	36	becomes	become	VERB
ftr-433	1208	37	subject	subject	ADJ
ftr-433	1208	38	to	to	ADP
ftr-433	1208	39	an	an	DET
ftr-433	1208	40	effective	effective	ADJ
ftr-433	1208	41	tax	tax	NOUN
ftr-433	1208	42	rate	rate	NOUN
ftr-433	1208	43	of	of	ADP
ftr-433	1208	44	approximately	approximately	ADV
ftr-433	1208	45	50	50	NUM
ftr-433	1208	46	%	%	NOUN
ftr-433	1208	47	.	.	PUNCT
ftr-433	1209	1	even	even	ADV
ftr-433	1209	2	at	at	ADP
ftr-433	1209	3	a	a	DET
ftr-433	1209	4	yield	yield	NOUN
ftr-433	1209	5	rate	rate	NOUN
ftr-433	1209	6	of	of	ADP
ftr-433	1209	7	90	90	NUM
ftr-433	1209	8	%	%	NOUN
ftr-433	1209	9	,	,	PUNCT
ftr-433	1209	10	however	however	ADV
ftr-433	1209	11	,	,	PUNCT
ftr-433	1209	12	some	some	PRON
ftr-433	1209	13	of	of	ADP
ftr-433	1209	14	the	the	DET
ftr-433	1209	15	1original	1original	NUM
ftr-433	1209	16	distortion	distortion	NOUN
ftr-433	1209	17	created	create	VERB
ftr-433	1209	18	by	by	ADP
ftr-433	1209	19	taxing	tax	VERB
ftr-433	1209	20	d	d	PROPN
ftr-433	1209	21	(	(	PUNCT
ftr-433	1209	22	the	the	DET
ftr-433	1209	23	first	first	ADJ
ftr-433	1209	24	10	10	NUM
ftr-433	1209	25	%	%	NOUN
ftr-433	1209	26	of	of	ADP
ftr-433	1209	27	yield	yield	NOUN
ftr-433	1209	28	)	)	PUNCT
ftr-433	1209	29	at	at	ADP
ftr-433	1209	30	100	100	NUM
ftr-433	1209	31	%	%	NOUN
ftr-433	1209	32	remains	remain	VERB
ftr-433	1209	33	.	.	PUNCT
ftr-433	1210	1	at	at	ADP
ftr-433	1210	2	that	that	DET
ftr-433	1210	3	tax	tax	NOUN
ftr-433	1210	4	rate	rate	NOUN
ftr-433	1210	5	,	,	PUNCT
ftr-433	1210	6	the	the	DET
ftr-433	1210	7	npv	npv	PROPN
ftr-433	1210	8	etr	etr	PROPN
ftr-433	1210	9	for	for	ADP
ftr-433	1210	10	a	a	DET
ftr-433	1210	11	$	$	SYM
ftr-433	1210	12	100	100	NUM
ftr-433	1210	13	investment	investment	NOUN
ftr-433	1210	14	subject	subject	NOUN
ftr-433	1210	15	to	to	ADP
ftr-433	1210	16	a	a	DET
ftr-433	1210	17	50	50	NUM
ftr-433	1210	18	%	%	NOUN
ftr-433	1210	19	tax	tax	NOUN
ftr-433	1210	20	rate	rate	NOUN
ftr-433	1210	21	and	and	CCONJ
ftr-433	1210	22	utilizing	utilize	VERB
ftr-433	1210	23	economic	economic	ADJ
ftr-433	1210	24	depreciation	depreciation	NOUN
ftr-433	1210	25	is	be	AUX
ftr-433	1210	26	53	53	NUM
ftr-433	1210	27	%	%	NOUN
ftr-433	1210	28	.	.	PUNCT
ftr-433	1211	1	figure	figure	NOUN
ftr-433	1211	2	1	1	NUM
ftr-433	1211	3	shows	show	VERB
ftr-433	1211	4	that	that	SCONJ
ftr-433	1211	5	the	the	DET
ftr-433	1211	6	same	same	ADJ
ftr-433	1211	7	failure	failure	NOUN
ftr-433	1211	8	to	to	PART
ftr-433	1211	9	reach	reach	VERB
ftr-433	1211	10	nominal	nominal	ADJ
ftr-433	1211	11	effective	effective	ADJ
ftr-433	1211	12	rates	rate	NOUN
ftr-433	1211	13	applies	apply	VERB
ftr-433	1211	14	to	to	ADP
ftr-433	1211	15	an	an	DET
ftr-433	1211	16	economically	economically	ADV
ftr-433	1211	17	depreciated	depreciate	VERB
ftr-433	1211	18	asset	asset	NOUN
ftr-433	1211	19	that	that	PRON
ftr-433	1211	20	is	be	AUX
ftr-433	1211	21	subject	subject	ADJ
ftr-433	1211	22	to	to	ADP
ftr-433	1211	23	a	a	DET
ftr-433	1211	24	30	30	NUM
ftr-433	1211	25	%	%	NOUN
ftr-433	1211	26	tax	tax	NOUN
ftr-433	1211	27	rate	rate	NOUN
ftr-433	1211	28	,	,	PUNCT
ftr-433	1211	29	so	so	SCONJ
ftr-433	1211	30	this	this	DET
ftr-433	1211	31	financial	financial	ADJ
ftr-433	1211	32	behavior	behavior	NOUN
ftr-433	1211	33	is	be	AUX
ftr-433	1211	34	not	not	PART
ftr-433	1211	35	dependent	dependent	ADJ
ftr-433	1211	36	upon	upon	SCONJ
ftr-433	1211	37	the	the	DET
ftr-433	1211	38	nominal	nominal	ADJ
ftr-433	1211	39	tax	tax	NOUN
ftr-433	1211	40	-	-	PUNCT
ftr-433	1211	41	rate	rate	NOUN
ftr-433	1211	42	.	.	PUNCT
ftr-433	1212	1	in	in	ADP
ftr-433	1212	2	addition	addition	NOUN
ftr-433	1212	3	to	to	ADP
ftr-433	1212	4	illustrating	illustrate	VERB
ftr-433	1212	5	the	the	DET
ftr-433	1212	6	dynamics	dynamic	NOUN
ftr-433	1212	7	of	of	ADP
ftr-433	1212	8	amit	amit	PROPN
ftr-433	1212	9	base	base	PROPN
ftr-433	1212	10	income	income	NOUN
ftr-433	1212	11	measurement	measurement	NOUN
ftr-433	1212	12	,	,	PUNCT
ftr-433	1212	13	the	the	DET
ftr-433	1212	14	above	above	ADJ
ftr-433	1212	15	analysis	analysis	NOUN
ftr-433	1212	16	strongly	strongly	ADV
ftr-433	1212	17	suggests	suggest	VERB
ftr-433	1212	18	two	two	NUM
ftr-433	1212	19	broader	broad	ADJ
ftr-433	1212	20	conclusions	conclusion	NOUN
ftr-433	1212	21	:	:	PUNCT
ftr-433	1212	22	first	first	ADV
ftr-433	1212	23	,	,	PUNCT
ftr-433	1212	24	npv	npv	PROPN
ftr-433	1212	25	is	be	AUX
ftr-433	1212	26	an	an	DET
ftr-433	1212	27	appropriate	appropriate	ADJ
ftr-433	1212	28	measure	measure	NOUN
ftr-433	1212	29	of	of	ADP
ftr-433	1212	30	effective	effective	ADJ
ftr-433	1212	31	tax	tax	NOUN
ftr-433	1212	32	rates	rate	NOUN
ftr-433	1212	33	in	in	ADP
ftr-433	1212	34	an	an	DET
ftr-433	1212	35	amit	amit	NOUN
ftr-433	1212	36	base	base	NOUN
ftr-433	1212	37	;	;	PUNCT
ftr-433	1212	38	and	and	CCONJ
ftr-433	1212	39	second	second	X
ftr-433	1212	40	,	,	PUNCT
ftr-433	1212	41	the	the	DET
ftr-433	1212	42	normative	normative	ADJ
ftr-433	1212	43	taxation	taxation	NOUN
ftr-433	1212	44	of	of	ADP
ftr-433	1212	45	depreciable	depreciable	ADJ
ftr-433	1212	46	asset	asset	NOUN
ftr-433	1212	47	income	income	NOUN
ftr-433	1212	48	in	in	ADP
ftr-433	1212	49	an	an	DET
ftr-433	1212	50	amit	amit	NOUN
ftr-433	1212	51	base	base	NOUN
ftr-433	1212	52	includes	include	VERB
ftr-433	1212	53	both	both	CCONJ
ftr-433	1212	54	the	the	DET
ftr-433	1212	55	complete	complete	ADJ
ftr-433	1212	56	confiscation	confiscation	NOUN
ftr-433	1212	57	as	as	ADP
ftr-433	1212	58	tax	tax	NOUN
ftr-433	1212	59	of	of	ADP
ftr-433	1212	60	any	any	DET
ftr-433	1212	61	financial	financial	ADJ
ftr-433	1212	62	yield	yield	NOUN
ftr-433	1212	63	up	up	ADP
ftr-433	1212	64	to	to	ADP
ftr-433	1212	65	the	the	DET
ftr-433	1212	66	pre	pre	ADJ
ftr-433	1212	67	-	-	ADJ
ftr-433	1212	68	tax	tax	ADJ
ftr-433	1212	69	discount	discount	NOUN
ftr-433	1212	70	rate	rate	NOUN
ftr-433	1212	71	,	,	PUNCT
ftr-433	1212	72	and	and	CCONJ
ftr-433	1212	73	the	the	DET
ftr-433	1212	74	approximately	approximately	ADV
ftr-433	1212	75	proportionate	proportionate	ADJ
ftr-433	1212	76	taxation	taxation	NOUN
ftr-433	1212	77	of	of	ADP
ftr-433	1212	78	the	the	DET
ftr-433	1212	79	financial	financial	ADJ
ftr-433	1212	80	yield	yield	NOUN
ftr-433	1212	81	in	in	ADP
ftr-433	1212	82	excess	excess	NOUN
ftr-433	1212	83	of	of	ADP
ftr-433	1212	84	that	that	DET
ftr-433	1212	85	rate	rate	NOUN
ftr-433	1212	86	.	.	PUNCT
ftr-433	1213	1	4	4	X
ftr-433	1213	2	.	.	X
ftr-433	1213	3	the	the	DET
ftr-433	1213	4	effect	effect	NOUN
ftr-433	1213	5	of	of	ADP
ftr-433	1213	6	variable	variable	ADJ
ftr-433	1213	7	tax	tax	NOUN
ftr-433	1213	8	rates	rate	NOUN
ftr-433	1213	9	on	on	ADP
ftr-433	1213	10	npv	npv	NOUN
ftr-433	1213	11	etr.—the	etr.—the	DET
ftr-433	1213	12	after	after	ADP
ftr-433	1213	13	-	-	PUNCT
ftr-433	1213	14	tax	tax	NOUN
ftr-433	1213	15	present	present	ADJ
ftr-433	1213	16	value	value	NOUN
ftr-433	1213	17	of	of	ADP
ftr-433	1213	18	economically	economically	ADV
ftr-433	1213	19	depreciated	depreciate	VERB
ftr-433	1213	20	assets	asset	NOUN
ftr-433	1213	21	varies	vary	VERB
ftr-433	1213	22	with	with	ADP
ftr-433	1213	23	the	the	DET
ftr-433	1213	24	nominal	nominal	ADJ
ftr-433	1213	25	tax	tax	NOUN
ftr-433	1213	26	2rate	2rate	NUM
ftr-433	1213	27	for	for	ADP
ftr-433	1213	28	all	all	DET
ftr-433	1213	29	yield	yield	NOUN
ftr-433	1213	30	rates	rate	NOUN
ftr-433	1213	31	except	except	SCONJ
ftr-433	1213	32	the	the	DET
ftr-433	1213	33	after	after	ADP
ftr-433	1213	34	-	-	PUNCT
ftr-433	1213	35	tax	tax	NOUN
ftr-433	1213	36	hurdle	hurdle	NOUN
ftr-433	1213	37	rate	rate	NOUN
ftr-433	1213	38	(	(	PUNCT
ftr-433	1213	39	h	h	NOUN
ftr-433	1213	40	)	)	PUNCT
ftr-433	1213	41	.	.	PUNCT
ftr-433	1214	1	at	at	ADP
ftr-433	1214	2	that	that	DET
ftr-433	1214	3	rate	rate	NOUN
ftr-433	1214	4	,	,	PUNCT
ftr-433	1214	5	the	the	DET
ftr-433	1214	6	2npv	2npv	NOUN
ftr-433	1214	7	of	of	ADP
ftr-433	1214	8	economically	economically	ADV
ftr-433	1214	9	depreciated	depreciate	VERB
ftr-433	1214	10	assets	asset	NOUN
ftr-433	1214	11	at	at	ADP
ftr-433	1214	12	all	all	DET
ftr-433	1214	13	tax	tax	NOUN
ftr-433	1214	14	rates	rate	NOUN
ftr-433	1214	15	is	be	AUX
ftr-433	1214	16	zero	zero	NUM
ftr-433	1214	17	.	.	PUNCT
ftr-433	1215	1	as	as	ADP
ftr-433	1215	2	the	the	DET
ftr-433	1215	3	first	first	ADJ
ftr-433	1215	4	line	line	NOUN
ftr-433	1215	5	524	524	NUM
ftr-433	1215	6	florida	florida	PROPN
ftr-433	1215	7	tax	tax	NOUN
ftr-433	1215	8	review	review	NOUN
ftr-433	1216	1	[	[	X
ftr-433	1216	2	vol	vol	NOUN
ftr-433	1216	3	.	.	PUNCT
ftr-433	1216	4	5:7	5:7	NUM
ftr-433	1216	5	2169	2169	NUM
ftr-433	1216	6	.	.	PUNCT
ftr-433	1217	1	as	as	ADP
ftr-433	1217	2	the	the	DET
ftr-433	1217	3	tax	tax	NOUN
ftr-433	1217	4	rate	rate	NOUN
ftr-433	1217	5	,	,	PUNCT
ftr-433	1217	6	t	t	PROPN
ftr-433	1217	7	,	,	PUNCT
ftr-433	1217	8	increases	increase	NOUN
ftr-433	1217	9	,	,	PUNCT
ftr-433	1217	10	the	the	DET
ftr-433	1217	11	after	after	ADP
ftr-433	1217	12	-	-	PUNCT
ftr-433	1217	13	tax	tax	NOUN
ftr-433	1217	14	discount	discount	NOUN
ftr-433	1217	15	rate	rate	NOUN
ftr-433	1217	16	,	,	PUNCT
ftr-433	1217	17	d	d	X
ftr-433	1217	18	,	,	PUNCT
ftr-433	1217	19	decreases	decrease	NOUN
ftr-433	1217	20	,	,	PUNCT
ftr-433	1217	21	and	and	CCONJ
ftr-433	1217	22	2	2	NUM
ftr-433	1217	23	2the	2the	NUM
ftr-433	1217	24	npv	npv	NOUN
ftr-433	1217	25	of	of	ADP
ftr-433	1217	26	the	the	DET
ftr-433	1217	27	ptcf	ptcf	NOUN
ftr-433	1217	28	increases	increase	NOUN
ftr-433	1217	29	.	.	PUNCT
ftr-433	1218	1	on	on	ADP
ftr-433	1218	2	the	the	DET
ftr-433	1218	3	other	other	ADJ
ftr-433	1218	4	hand	hand	NOUN
ftr-433	1218	5	,	,	PUNCT
ftr-433	1218	6	the	the	DET
ftr-433	1218	7	npv	npv	NOUN
ftr-433	1218	8	tax	tax	NOUN
ftr-433	1218	9	increases	increase	NOUN
ftr-433	1218	10	both	both	DET
ftr-433	1218	11	2	2	NUM
ftr-433	1218	12	2because	2because	NUM
ftr-433	1218	13	t	t	NOUN
ftr-433	1218	14	increases	increase	NOUN
ftr-433	1218	15	and	and	CCONJ
ftr-433	1218	16	because	because	SCONJ
ftr-433	1218	17	d	d	NOUN
ftr-433	1218	18	decreases	decrease	VERB
ftr-433	1218	19	.	.	PUNCT
ftr-433	1219	1	at	at	ADP
ftr-433	1219	2	low	low	ADJ
ftr-433	1219	3	tax	tax	NOUN
ftr-433	1219	4	rates	rate	NOUN
ftr-433	1219	5	,	,	PUNCT
ftr-433	1219	6	the	the	DET
ftr-433	1219	7	npv	npv	NOUN
ftr-433	1219	8	increase	increase	NOUN
ftr-433	1219	9	is	be	AUX
ftr-433	1219	10	due	due	ADJ
ftr-433	1219	11	2	2	NUM
ftr-433	1219	12	2mostly	2mostly	NUM
ftr-433	1219	13	to	to	ADP
ftr-433	1219	14	changes	change	NOUN
ftr-433	1219	15	in	in	ADP
ftr-433	1219	16	d	d	PROPN
ftr-433	1219	17	,	,	PUNCT
ftr-433	1219	18	while	while	SCONJ
ftr-433	1219	19	at	at	ADP
ftr-433	1219	20	high	high	ADJ
ftr-433	1219	21	tax	tax	NOUN
ftr-433	1219	22	rates	rate	NOUN
ftr-433	1219	23	the	the	DET
ftr-433	1219	24	npv	npv	NOUN
ftr-433	1219	25	tax	tax	NOUN
ftr-433	1219	26	increase	increase	NOUN
ftr-433	1219	27	is	be	AUX
ftr-433	1219	28	due	due	ADJ
ftr-433	1219	29	mostly	mostly	ADV
ftr-433	1219	30	to	to	ADP
ftr-433	1219	31	changes	change	NOUN
ftr-433	1219	32	in	in	ADP
ftr-433	1219	33	t.	t.	PROPN
ftr-433	1219	34	the	the	DET
ftr-433	1219	35	“	"	PUNCT
ftr-433	1219	36	bow	bow	NOUN
ftr-433	1219	37	”	"	PUNCT
ftr-433	1219	38	in	in	ADP
ftr-433	1219	39	the	the	DET
ftr-433	1219	40	plot	plot	NOUN
ftr-433	1219	41	of	of	ADP
ftr-433	1219	42	npv	npv	PROPN
ftr-433	1219	43	etr	etr	PROPN
ftr-433	1219	44	for	for	ADP
ftr-433	1219	45	economic	economic	ADJ
ftr-433	1219	46	depreciation	depreciation	NOUN
ftr-433	1219	47	occurs	occur	VERB
ftr-433	1219	48	2where	2where	NUM
ftr-433	1219	49	the	the	DET
ftr-433	1219	50	impact	impact	NOUN
ftr-433	1219	51	of	of	ADP
ftr-433	1219	52	the	the	DET
ftr-433	1219	53	decreases	decrease	NOUN
ftr-433	1219	54	in	in	ADP
ftr-433	1219	55	d	d	NOUN
ftr-433	1219	56	and	and	CCONJ
ftr-433	1219	57	the	the	DET
ftr-433	1219	58	increase	increase	NOUN
ftr-433	1219	59	in	in	ADP
ftr-433	1219	60	t	t	PROPN
ftr-433	1219	61	combine	combine	VERB
ftr-433	1219	62	for	for	ADP
ftr-433	1219	63	the	the	DET
ftr-433	1219	64	most	most	ADJ
ftr-433	1219	65	effect	effect	NOUN
ftr-433	1219	66	.	.	PUNCT
ftr-433	1220	1	in	in	ADP
ftr-433	1220	2	figure	figure	NOUN
ftr-433	1220	3	2	2	NUM
ftr-433	1220	4	below	below	ADP
ftr-433	1220	5	also	also	ADV
ftr-433	1220	6	shows	show	VERB
ftr-433	1220	7	,	,	PUNCT
ftr-433	1220	8	this	this	PRON
ftr-433	1220	9	causes	cause	VERB
ftr-433	1220	10	the	the	DET
ftr-433	1220	11	npv	npv	NOUN
ftr-433	1220	12	effective	effective	ADJ
ftr-433	1220	13	tax	tax	NOUN
ftr-433	1220	14	rate	rate	NOUN
ftr-433	1220	15	for	for	ADP
ftr-433	1220	16	breakeven	breakeven	ADJ
ftr-433	1220	17	investments	investment	NOUN
ftr-433	1220	18	to	to	PART
ftr-433	1220	19	equal	equal	VERB
ftr-433	1220	20	100	100	NUM
ftr-433	1220	21	%	%	NOUN
ftr-433	1220	22	regardless	regardless	ADV
ftr-433	1220	23	of	of	ADP
ftr-433	1220	24	the	the	DET
ftr-433	1220	25	nominal	nominal	ADJ
ftr-433	1220	26	tax	tax	NOUN
ftr-433	1220	27	rate	rate	NOUN
ftr-433	1220	28	.	.	PUNCT
ftr-433	1221	1	figure	figure	NOUN
ftr-433	1221	2	2	2	NUM
ftr-433	1221	3	:	:	PUNCT
ftr-433	1221	4	npv	npv	PROPN
ftr-433	1221	5	etr	etr	PROPN
ftr-433	1221	6	at	at	ADP
ftr-433	1221	7	variable	variable	ADJ
ftr-433	1221	8	tax	tax	NOUN
ftr-433	1221	9	rates	rate	NOUN
ftr-433	1221	10	2at	2at	NOUN
ftr-433	1221	11	all	all	DET
ftr-433	1221	12	yield	yield	NOUN
ftr-433	1221	13	rates	rate	NOUN
ftr-433	1221	14	above	above	ADP
ftr-433	1221	15	h	h	NOUN
ftr-433	1221	16	,	,	PUNCT
ftr-433	1221	17	however	however	ADV
ftr-433	1221	18	,	,	PUNCT
ftr-433	1221	19	after	after	ADP
ftr-433	1221	20	-	-	PUNCT
ftr-433	1221	21	tax	tax	NOUN
ftr-433	1221	22	npv	npv	NOUN
ftr-433	1221	23	and	and	CCONJ
ftr-433	1221	24	npv	npv	PROPN
ftr-433	1221	25	etr	etr	PROPN
ftr-433	1221	26	vary	vary	VERB
ftr-433	1221	27	with	with	ADP
ftr-433	1221	28	the	the	DET
ftr-433	1221	29	tax	tax	NOUN
ftr-433	1221	30	rate	rate	NOUN
ftr-433	1221	31	.	.	PUNCT
ftr-433	1222	1	as	as	SCONJ
ftr-433	1222	2	figure	figure	NOUN
ftr-433	1222	3	2	2	NUM
ftr-433	1222	4	shows	show	NOUN
ftr-433	1222	5	,	,	PUNCT
ftr-433	1222	6	npv	npv	PROPN
ftr-433	1222	7	etr	etr	PROPN
ftr-433	1222	8	always	always	ADV
ftr-433	1222	9	exceeds	exceed	VERB
ftr-433	1222	10	the	the	DET
ftr-433	1222	11	nominal	nominal	ADJ
ftr-433	1222	12	etr	etr	PROPN
ftr-433	1222	13	,	,	PUNCT
ftr-433	1222	14	with	with	ADP
ftr-433	1222	15	the	the	DET
ftr-433	1222	16	excess	excess	ADJ
ftr-433	1222	17	being	be	AUX
ftr-433	1222	18	greater	great	ADJ
ftr-433	1222	19	for	for	ADP
ftr-433	1222	20	low	low	ADJ
ftr-433	1222	21	yield	yield	NOUN
ftr-433	1222	22	assets	asset	NOUN
ftr-433	1222	23	than	than	ADP
ftr-433	1222	24	for	for	ADP
ftr-433	1222	25	high	high	ADJ
ftr-433	1222	26	yield	yield	NOUN
ftr-433	1222	27	assets	asset	NOUN
ftr-433	1222	28	.	.	PUNCT
ftr-433	1223	1	this	this	PRON
ftr-433	1223	2	occurs	occur	VERB
ftr-433	1223	3	because	because	SCONJ
ftr-433	1223	4	the	the	DET
ftr-433	1223	5	effect	effect	NOUN
ftr-433	1223	6	of	of	ADP
ftr-433	1223	7	taxing	tax	VERB
ftr-433	1223	8	the	the	DET
ftr-433	1223	9	first	first	ADJ
ftr-433	1223	10	portion	portion	NOUN
ftr-433	1223	11	of	of	ADP
ftr-433	1223	12	the	the	DET
ftr-433	1223	13	yield	yield	NOUN
ftr-433	1223	14	(	(	PUNCT
ftr-433	1223	15	up	up	ADP
ftr-433	1223	16	1to	1to	ADJ
ftr-433	1223	17	d	d	NOUN
ftr-433	1223	18	)	)	PUNCT
ftr-433	1223	19	at	at	ADP
ftr-433	1223	20	100	100	NUM
ftr-433	1223	21	%	%	NOUN
ftr-433	1223	22	and	and	CCONJ
ftr-433	1223	23	yield	yield	VERB
ftr-433	1223	24	in	in	ADP
ftr-433	1223	25	excess	excess	NOUN
ftr-433	1223	26	of	of	ADP
ftr-433	1223	27	that	that	DET
ftr-433	1223	28	rate	rate	NOUN
ftr-433	1223	29	at	at	ADP
ftr-433	1223	30	near	near	ADP
ftr-433	1223	31	nominal	nominal	ADJ
ftr-433	1223	32	effective	effective	ADJ
ftr-433	1223	33	tax	tax	NOUN
ftr-433	1223	34	rates	rate	NOUN
ftr-433	1223	35	becomes	becomes	AUX
ftr-433	1223	36	attenuated	attenuate	VERB
ftr-433	1223	37	at	at	ADP
ftr-433	1223	38	increased	increase	VERB
ftr-433	1223	39	yield	yield	NOUN
ftr-433	1223	40	rates	rate	NOUN
ftr-433	1223	41	.	.	PUNCT
ftr-433	1224	1	the	the	DET
ftr-433	1224	2	“	"	PUNCT
ftr-433	1224	3	bow	bow	NOUN
ftr-433	1224	4	”	"	PUNCT
ftr-433	1224	5	in	in	ADP
ftr-433	1224	6	the	the	DET
ftr-433	1224	7	trend	trend	NOUN
ftr-433	1224	8	lines	line	NOUN
ftr-433	1224	9	for	for	ADP
ftr-433	1224	10	a	a	DET
ftr-433	1224	11	given	give	VERB
ftr-433	1224	12	tax	tax	NOUN
ftr-433	1224	13	rate	rate	NOUN
ftr-433	1224	14	result	result	NOUN
ftr-433	1224	15	from	from	ADP
ftr-433	1224	16	the	the	DET
ftr-433	1224	17	interplay	interplay	NOUN
ftr-433	1224	18	between	between	ADP
ftr-433	1224	19	the	the	DET
ftr-433	1224	20	after	after	ADP
ftr-433	1224	21	-	-	PUNCT
ftr-433	1224	22	tax	tax	NOUN
ftr-433	1224	23	discount	discount	NOUN
ftr-433	1224	24	rates	rate	NOUN
ftr-433	1224	25	for	for	ADP
ftr-433	1224	26	a	a	DET
ftr-433	1224	27	given	give	VERB
ftr-433	1224	28	tax	tax	NOUN
ftr-433	1224	29	rate	rate	NOUN
ftr-433	1224	30	and	and	CCONJ
ftr-433	1224	31	the	the	DET
ftr-433	1224	32	tax	tax	NOUN
ftr-433	1224	33	rate	rate	NOUN
ftr-433	1224	34	itself	itself	PRON
ftr-433	1224	35	.	.	PUNCT
ftr-433	1225	1	overall	overall	ADV
ftr-433	1225	2	,	,	PUNCT
ftr-433	1225	3	figure	figure	NOUN
ftr-433	1225	4	2	2	NUM
ftr-433	1225	5	simply	simply	ADV
ftr-433	1225	6	shows	show	VERB
ftr-433	1225	7	another169	another169	PROPN
ftr-433	1225	8	aspect	aspect	NOUN
ftr-433	1225	9	of	of	ADP
ftr-433	1225	10	the	the	DET
ftr-433	1225	11	phenomenon	phenomenon	NOUN
ftr-433	1225	12	illustrated	illustrate	VERB
ftr-433	1225	13	in	in	ADP
ftr-433	1225	14	figure	figure	NOUN
ftr-433	1225	15	1	1	NUM
ftr-433	1225	16	.	.	NOUN
ftr-433	1225	17	5	5	NUM
ftr-433	1225	18	.	.	PUNCT
ftr-433	1226	1	summary.—in	summary.—in	PROPN
ftr-433	1226	2	summary	summary	NOUN
ftr-433	1226	3	,	,	PUNCT
ftr-433	1226	4	economic	economic	ADJ
ftr-433	1226	5	depreciation	depreciation	NOUN
ftr-433	1226	6	always	always	ADV
ftr-433	1226	7	allocates	allocate	VERB
ftr-433	1226	8	the	the	DET
ftr-433	1226	9	before	before	ADV
ftr-433	1226	10	and	and	CCONJ
ftr-433	1226	11	after	after	ADP
ftr-433	1226	12	-	-	PUNCT
ftr-433	1226	13	tax	tax	NOUN
ftr-433	1226	14	irr	irr	NOUN
ftr-433	1226	15	’s	’s	ADV
ftr-433	1226	16	of	of	ADP
ftr-433	1226	17	depreciable	depreciable	ADJ
ftr-433	1226	18	asset	asset	NOUN
ftr-433	1226	19	investments	investment	NOUN
ftr-433	1226	20	in	in	ADP
ftr-433	1226	21	proportion	proportion	NOUN
ftr-433	1226	22	to	to	ADP
ftr-433	1226	23	the	the	DET
ftr-433	1226	24	nominal	nominal	ADJ
ftr-433	1226	25	tax	tax	NOUN
ftr-433	1226	26	rate	rate	NOUN
ftr-433	1226	27	.	.	PUNCT
ftr-433	1227	1	this	this	PRON
ftr-433	1227	2	is	be	AUX
ftr-433	1227	3	normative	normative	ADJ
ftr-433	1227	4	treatment	treatment	NOUN
ftr-433	1227	5	for	for	ADP
ftr-433	1227	6	an	an	DET
ftr-433	1227	7	amit	amit	NOUN
ftr-433	1227	8	base	base	NOUN
ftr-433	1227	9	,	,	PUNCT
ftr-433	1227	10	which	which	PRON
ftr-433	1227	11	measures	measure	VERB
ftr-433	1227	12	value	value	NOUN
ftr-433	1227	13	decay	decay	NOUN
ftr-433	1227	14	through	through	ADP
ftr-433	1227	15	the	the	DET
ftr-433	1227	16	use	use	NOUN
ftr-433	1227	17	of	of	ADP
ftr-433	1227	18	economic	economic	ADJ
ftr-433	1227	19	depreciation	depreciation	NOUN
ftr-433	1227	20	.	.	PUNCT
ftr-433	1228	1	since	since	SCONJ
ftr-433	1228	2	,	,	PUNCT
ftr-433	1228	3	in	in	ADP
ftr-433	1228	4	a	a	DET
ftr-433	1228	5	sinking	sink	VERB
ftr-433	1228	6	fund	fund	NOUN
ftr-433	1228	7	model	model	NOUN
ftr-433	1228	8	,	,	PUNCT
ftr-433	1228	9	value	value	NOUN
ftr-433	1228	10	is	be	AUX
ftr-433	1228	11	measured	measure	VERB
ftr-433	1228	12	by	by	ADP
ftr-433	1228	13	the	the	DET
ftr-433	1228	14	present	present	ADJ
ftr-433	1228	15	value	value	NOUN
ftr-433	1228	16	of	of	ADP
ftr-433	1228	17	future	future	ADJ
ftr-433	1228	18	pre	pre	NOUN
ftr-433	1228	19	-	-	NOUN
ftr-433	1228	20	tax	tax	NOUN
ftr-433	1228	21	and	and	CCONJ
ftr-433	1228	22	after	after	ADP
ftr-433	1228	23	-	-	PUNCT
ftr-433	1228	24	tax	tax	NOUN
ftr-433	1228	25	cash	cash	NOUN
ftr-433	1228	26	flows	flow	NOUN
ftr-433	1228	27	,	,	PUNCT
ftr-433	1228	28	irr	irr	PROPN
ftr-433	1228	29	etr	etr	PROPN
ftr-433	1228	30	’s	’s	PART
ftr-433	1228	31	that	that	PRON
ftr-433	1228	32	correspond	correspond	VERB
ftr-433	1228	33	to	to	ADP
ftr-433	1228	34	nominal	nominal	ADJ
ftr-433	1228	35	tax	tax	NOUN
ftr-433	1228	36	rates	rate	NOUN
ftr-433	1228	37	are	be	AUX
ftr-433	1228	38	evidence	evidence	NOUN
ftr-433	1228	39	that	that	SCONJ
ftr-433	1228	40	economic	economic	ADJ
ftr-433	1228	41	depreciation	depreciation	NOUN
ftr-433	1228	42	causes	cause	VERB
ftr-433	1228	43	normative	normative	ADJ
ftr-433	1228	44	taxation	taxation	NOUN
ftr-433	1228	45	in	in	ADP
ftr-433	1228	46	an	an	DET
ftr-433	1228	47	accretionmeasured	accretionmeasured	ADJ
ftr-433	1228	48	income	income	NOUN
ftr-433	1228	49	tax	tax	NOUN
ftr-433	1228	50	.	.	PUNCT
ftr-433	1229	1	2002	2002	NUM
ftr-433	1229	2	]	]	PUNCT
ftr-433	1229	3	normative	normative	ADJ
ftr-433	1229	4	capital	capital	NOUN
ftr-433	1229	5	cost	cost	NOUN
ftr-433	1229	6	recovery	recovery	NOUN
ftr-433	1229	7	525	525	NUM
ftr-433	1229	8	170	170	NUM
ftr-433	1229	9	.	.	PUNCT
ftr-433	1230	1	see	see	VERB
ftr-433	1230	2	discussion	discussion	NOUN
ftr-433	1230	3	in	in	ADP
ftr-433	1230	4	infra	infra	NOUN
ftr-433	1230	5	part	part	NOUN
ftr-433	1230	6	vi.c	vi.c	VERB
ftr-433	1230	7	.	.	PUNCT
ftr-433	1231	1	171	171	NUM
ftr-433	1231	2	.	.	PUNCT
ftr-433	1232	1	this	this	DET
ftr-433	1232	2	table	table	NOUN
ftr-433	1232	3	contains	contain	VERB
ftr-433	1232	4	the	the	DET
ftr-433	1232	5	same	same	ADJ
ftr-433	1232	6	informational	informational	ADJ
ftr-433	1232	7	elements	element	NOUN
ftr-433	1232	8	as	as	ADP
ftr-433	1232	9	table	table	NOUN
ftr-433	1232	10	14	14	NUM
ftr-433	1232	11	(	(	PUNCT
ftr-433	1232	12	economic	economic	ADJ
ftr-433	1232	13	depreciation	depreciation	NOUN
ftr-433	1232	14	in	in	ADP
ftr-433	1232	15	an	an	DET
ftr-433	1232	16	amit	amit	NOUN
ftr-433	1232	17	base	base	NOUN
ftr-433	1232	18	)	)	PUNCT
ftr-433	1232	19	,	,	PUNCT
ftr-433	1232	20	except	except	SCONJ
ftr-433	1232	21	that	that	SCONJ
ftr-433	1232	22	no	no	DET
ftr-433	1232	23	cost	cost	NOUN
ftr-433	1232	24	recovery	recovery	NOUN
ftr-433	1232	25	deductions	deduction	NOUN
ftr-433	1232	26	are	be	AUX
ftr-433	1232	27	employed	employ	VERB
ftr-433	1232	28	so	so	ADV
ftr-433	1232	29	taxable	taxable	ADJ
ftr-433	1232	30	income	income	NOUN
ftr-433	1232	31	equals	equal	VERB
ftr-433	1232	32	the	the	DET
ftr-433	1232	33	ptcf	ptcf	NOUN
ftr-433	1232	34	.	.	PUNCT
ftr-433	1233	1	the	the	DET
ftr-433	1233	2	balance	balance	NOUN
ftr-433	1233	3	of	of	ADP
ftr-433	1233	4	the	the	DET
ftr-433	1233	5	information	information	NOUN
ftr-433	1233	6	is	be	AUX
ftr-433	1233	7	derived	derive	VERB
ftr-433	1233	8	from	from	ADP
ftr-433	1233	9	table	table	NOUN
ftr-433	1233	10	5	5	NUM
ftr-433	1233	11	,	,	PUNCT
ftr-433	1233	12	supra	supra	NOUN
ftr-433	1233	13	,	,	PUNCT
ftr-433	1233	14	which	which	PRON
ftr-433	1233	15	contains	contain	VERB
ftr-433	1233	16	a	a	DET
ftr-433	1233	17	detailed	detailed	ADJ
ftr-433	1233	18	analysis	analysis	NOUN
ftr-433	1233	19	of	of	ADP
ftr-433	1233	20	theoretical	theoretical	ADJ
ftr-433	1233	21	instantaneous	instantaneous	ADJ
ftr-433	1233	22	expensing	expensing	NOUN
ftr-433	1233	23	.	.	PUNCT
ftr-433	1234	1	the	the	DET
ftr-433	1234	2	result	result	NOUN
ftr-433	1234	3	is	be	AUX
ftr-433	1234	4	a	a	DET
ftr-433	1234	5	technically	technically	ADV
ftr-433	1234	6	identical	identical	ADJ
ftr-433	1234	7	stand	stand	NOUN
ftr-433	1234	8	-	-	PUNCT
ftr-433	1234	9	in	in	NOUN
ftr-433	1234	10	for	for	ADP
ftr-433	1234	11	cash	cash	NOUN
ftr-433	1234	12	flow	flow	NOUN
ftr-433	1234	13	accounting	accounting	NOUN
ftr-433	1234	14	and	and	CCONJ
ftr-433	1234	15	the	the	DET
ftr-433	1234	16	normative	normative	ADJ
ftr-433	1234	17	taxation	taxation	NOUN
ftr-433	1234	18	of	of	ADP
ftr-433	1234	19	capital	capital	NOUN
ftr-433	1234	20	income	income	NOUN
ftr-433	1234	21	from	from	ADP
ftr-433	1234	22	short	short	ADV
ftr-433	1234	23	-	-	PUNCT
ftr-433	1234	24	lived	live	VERB
ftr-433	1234	25	completely	completely	ADV
ftr-433	1234	26	wasting	waste	VERB
ftr-433	1234	27	assets	asset	NOUN
ftr-433	1234	28	in	in	ADP
ftr-433	1234	29	a	a	DET
ftr-433	1234	30	pure	pure	ADJ
ftr-433	1234	31	cfit	cfit	NOUN
ftr-433	1234	32	base	base	NOUN
ftr-433	1234	33	.	.	PUNCT
ftr-433	1235	1	to	to	ADP
ftr-433	1235	2	the	the	DET
ftr-433	1235	3	extent	extent	NOUN
ftr-433	1235	4	that	that	PRON
ftr-433	1235	5	yield	yield	NOUN
ftr-433	1235	6	rates	rate	NOUN
ftr-433	1235	7	exceed	exceed	VERB
ftr-433	1235	8	the	the	DET
ftr-433	1235	9	pre	pre	ADJ
ftr-433	1235	10	-	-	ADJ
ftr-433	1235	11	tax	tax	ADJ
ftr-433	1235	12	discount	discount	NOUN
ftr-433	1235	13	rate	rate	NOUN
ftr-433	1235	14	(	(	PUNCT
ftr-433	1235	15	and	and	CCONJ
ftr-433	1235	16	after2tax	after2tax	ADJ
ftr-433	1235	17	hurdle	hurdle	NOUN
ftr-433	1235	18	rate	rate	NOUN
ftr-433	1235	19	)	)	PUNCT
ftr-433	1235	20	,	,	PUNCT
ftr-433	1235	21	economic	economic	ADJ
ftr-433	1235	22	depreciation	depreciation	NOUN
ftr-433	1235	23	causes	cause	VERB
ftr-433	1235	24	a	a	DET
ftr-433	1235	25	similar	similar	ADJ
ftr-433	1235	26	allocation	allocation	NOUN
ftr-433	1235	27	of	of	ADP
ftr-433	1235	28	the	the	DET
ftr-433	1235	29	npv	npv	NOUN
ftr-433	1235	30	of	of	ADP
ftr-433	1235	31	those	those	DET
ftr-433	1235	32	same	same	ADJ
ftr-433	1235	33	investments	investment	NOUN
ftr-433	1235	34	based	base	VERB
ftr-433	1235	35	on	on	ADP
ftr-433	1235	36	npv	npv	NOUN
ftr-433	1235	37	effective	effective	ADJ
ftr-433	1235	38	tax	tax	NOUN
ftr-433	1235	39	rates	rate	NOUN
ftr-433	1235	40	.	.	PUNCT
ftr-433	1236	1	as	as	SCONJ
ftr-433	1236	2	the	the	DET
ftr-433	1236	3	above	above	ADJ
ftr-433	1236	4	discussion	discussion	NOUN
ftr-433	1236	5	shows	show	NOUN
ftr-433	1236	6	,	,	PUNCT
ftr-433	1236	7	however	however	ADV
ftr-433	1236	8	,	,	PUNCT
ftr-433	1236	9	economic	economic	ADJ
ftr-433	1236	10	depreciation	depreciation	NOUN
ftr-433	1236	11	never	never	ADV
ftr-433	1236	12	completely	completely	ADV
ftr-433	1236	13	succeeds	succeed	VERB
ftr-433	1236	14	in	in	ADP
ftr-433	1236	15	allocating	allocate	VERB
ftr-433	1236	16	the	the	DET
ftr-433	1236	17	after	after	ADP
ftr-433	1236	18	-	-	PUNCT
ftr-433	1236	19	tax	tax	NOUN
ftr-433	1236	20	net	net	ADJ
ftr-433	1236	21	present	present	ADJ
ftr-433	1236	22	value	value	NOUN
ftr-433	1236	23	of	of	ADP
ftr-433	1236	24	investments	investment	NOUN
ftr-433	1236	25	in	in	ADP
ftr-433	1236	26	proportion	proportion	NOUN
ftr-433	1236	27	to	to	ADP
ftr-433	1236	28	nominal	nominal	ADJ
ftr-433	1236	29	tax	tax	NOUN
ftr-433	1236	30	rates	rate	NOUN
ftr-433	1236	31	,	,	PUNCT
ftr-433	1236	32	regardless	regardless	ADV
ftr-433	1236	33	of	of	ADP
ftr-433	1236	34	the	the	DET
ftr-433	1236	35	yield	yield	NOUN
ftr-433	1236	36	or	or	CCONJ
ftr-433	1236	37	tax	tax	NOUN
ftr-433	1236	38	rate	rate	NOUN
ftr-433	1236	39	.	.	PUNCT
ftr-433	1237	1	this	this	PRON
ftr-433	1237	2	appears	appear	VERB
ftr-433	1237	3	to	to	PART
ftr-433	1237	4	be	be	AUX
ftr-433	1237	5	a	a	DET
ftr-433	1237	6	necessary	necessary	ADJ
ftr-433	1237	7	by	by	NOUN
ftr-433	1237	8	-	-	PUNCT
ftr-433	1237	9	product	product	NOUN
ftr-433	1237	10	of	of	ADP
ftr-433	1237	11	the	the	DET
ftr-433	1237	12	role	role	NOUN
ftr-433	1237	13	of	of	ADP
ftr-433	1237	14	economic	economic	ADJ
ftr-433	1237	15	depreciation	depreciation	NOUN
ftr-433	1237	16	in	in	ADP
ftr-433	1237	17	measuring	measure	VERB
ftr-433	1237	18	income	income	NOUN
ftr-433	1237	19	defined	define	VERB
ftr-433	1237	20	as	as	ADP
ftr-433	1237	21	changes	change	NOUN
ftr-433	1237	22	in	in	ADP
ftr-433	1237	23	net	net	ADJ
ftr-433	1237	24	financial	financial	ADJ
ftr-433	1237	25	value	value	NOUN
ftr-433	1237	26	,	,	PUNCT
ftr-433	1237	27	because	because	SCONJ
ftr-433	1237	28	financial	financial	ADJ
ftr-433	1237	29	value	value	NOUN
ftr-433	1237	30	is	be	AUX
ftr-433	1237	31	measured	measure	VERB
ftr-433	1237	32	against	against	ADP
ftr-433	1237	33	the	the	DET
ftr-433	1237	34	benchmark	benchmark	NOUN
ftr-433	1237	35	of	of	ADP
ftr-433	1237	36	the	the	DET
ftr-433	1237	37	pre	pre	ADJ
ftr-433	1237	38	-	-	ADJ
ftr-433	1237	39	tax	tax	ADJ
ftr-433	1237	40	discount	discount	NOUN
ftr-433	1237	41	rate	rate	NOUN
ftr-433	1237	42	.	.	PUNCT
ftr-433	1238	1	despite	despite	SCONJ
ftr-433	1238	2	this	this	DET
ftr-433	1238	3	anomaly	anomaly	NOUN
ftr-433	1238	4	,	,	PUNCT
ftr-433	1238	5	economic	economic	ADJ
ftr-433	1238	6	depreciation	depreciation	NOUN
ftr-433	1238	7	overall	overall	ADV
ftr-433	1238	8	is	be	AUX
ftr-433	1238	9	an	an	DET
ftr-433	1238	10	appropriate	appropriate	ADJ
ftr-433	1238	11	means	mean	NOUN
ftr-433	1238	12	of	of	ADP
ftr-433	1238	13	measuring	measure	VERB
ftr-433	1238	14	income	income	NOUN
ftr-433	1238	15	in	in	ADP
ftr-433	1238	16	the	the	DET
ftr-433	1238	17	form	form	NOUN
ftr-433	1238	18	of	of	ADP
ftr-433	1238	19	net	net	ADJ
ftr-433	1238	20	accretions	accretion	NOUN
ftr-433	1238	21	in	in	ADP
ftr-433	1238	22	financial	financial	ADJ
ftr-433	1238	23	value	value	NOUN
ftr-433	1238	24	in	in	ADP
ftr-433	1238	25	an	an	DET
ftr-433	1238	26	amit	amit	NOUN
ftr-433	1238	27	base	base	NOUN
ftr-433	1238	28	.	.	PUNCT
ftr-433	1239	1	whether	whether	SCONJ
ftr-433	1239	2	this	this	PRON
ftr-433	1239	3	is	be	AUX
ftr-433	1239	4	also	also	ADV
ftr-433	1239	5	the	the	DET
ftr-433	1239	6	normative	normative	ADJ
ftr-433	1239	7	way	way	NOUN
ftr-433	1239	8	to	to	PART
ftr-433	1239	9	measure	measure	VERB
ftr-433	1239	10	income	income	NOUN
ftr-433	1239	11	in	in	ADP
ftr-433	1239	12	a	a	DET
ftr-433	1239	13	rbit	rbit	NOUN
ftr-433	1239	14	base	base	NOUN
ftr-433	1239	15	remains	remain	VERB
ftr-433	1239	16	to	to	PART
ftr-433	1239	17	be	be	AUX
ftr-433	1239	18	seen.170	seen.170	PROPN
ftr-433	1239	19	b.	b.	PROPN
ftr-433	1239	20	cash	cash	NOUN
ftr-433	1239	21	flow	flow	NOUN
ftr-433	1239	22	accounting	account	VERB
ftr-433	1239	23	in	in	ADP
ftr-433	1239	24	a	a	DET
ftr-433	1239	25	cfit	cfit	NOUN
ftr-433	1239	26	base	base	NOUN
ftr-433	1239	27	1	1	NUM
ftr-433	1239	28	.	.	PUNCT
ftr-433	1240	1	introduction.—structurally	introduction.—structurally	ADV
ftr-433	1240	2	,	,	PUNCT
ftr-433	1240	3	a	a	DET
ftr-433	1240	4	cfit	cfit	NOUN
ftr-433	1240	5	does	do	AUX
ftr-433	1240	6	not	not	PART
ftr-433	1240	7	tax	tax	VERB
ftr-433	1240	8	invested	invest	VERB
ftr-433	1240	9	earnings	earning	NOUN
ftr-433	1240	10	but	but	CCONJ
ftr-433	1240	11	does	do	VERB
ftr-433	1240	12	tax	tax	NOUN
ftr-433	1240	13	investment	investment	NOUN
ftr-433	1240	14	yield	yield	NOUN
ftr-433	1240	15	unless	unless	SCONJ
ftr-433	1240	16	that	that	DET
ftr-433	1240	17	yield	yield	NOUN
ftr-433	1240	18	is	be	AUX
ftr-433	1240	19	reinvested	reinveste	VERB
ftr-433	1240	20	.	.	PUNCT
ftr-433	1241	1	the	the	DET
ftr-433	1241	2	formula	formula	NOUN
ftr-433	1241	3	for	for	ADP
ftr-433	1241	4	this	this	DET
ftr-433	1241	5	version	version	NOUN
ftr-433	1241	6	of	of	ADP
ftr-433	1241	7	a	a	DET
ftr-433	1241	8	consumption	consumption	NOUN
ftr-433	1241	9	tax	tax	NOUN
ftr-433	1241	10	is	be	AUX
ftr-433	1241	11	essentially	essentially	ADV
ftr-433	1241	12	earnings	earning	NOUN
ftr-433	1241	13	–	–	PUNCT
ftr-433	1241	14	investment	investment	NOUN
ftr-433	1241	15	.	.	PUNCT
ftr-433	1242	1	cash	cash	NOUN
ftr-433	1242	2	flow	flow	NOUN
ftr-433	1242	3	accounting	accounting	NOUN
ftr-433	1242	4	is	be	AUX
ftr-433	1242	5	the	the	DET
ftr-433	1242	6	central	central	ADJ
ftr-433	1242	7	means	mean	NOUN
ftr-433	1242	8	of	of	ADP
ftr-433	1242	9	effectuating	effectuate	VERB
ftr-433	1242	10	these	these	DET
ftr-433	1242	11	structural	structural	ADJ
ftr-433	1242	12	principles	principle	NOUN
ftr-433	1242	13	in	in	ADP
ftr-433	1242	14	the	the	DET
ftr-433	1242	15	context	context	NOUN
ftr-433	1242	16	of	of	ADP
ftr-433	1242	17	investment	investment	NOUN
ftr-433	1242	18	in	in	ADP
ftr-433	1242	19	short	short	ADV
ftr-433	1242	20	-	-	PUNCT
ftr-433	1242	21	lived	live	VERB
ftr-433	1242	22	tangible	tangible	ADJ
ftr-433	1242	23	assets	asset	NOUN
ftr-433	1242	24	.	.	PUNCT
ftr-433	1243	1	in	in	ADP
ftr-433	1243	2	the	the	DET
ftr-433	1243	3	context	context	NOUN
ftr-433	1243	4	of	of	ADP
ftr-433	1243	5	this	this	DET
ftr-433	1243	6	article	article	NOUN
ftr-433	1243	7	’s	’s	PART
ftr-433	1243	8	common	common	ADJ
ftr-433	1243	9	investment	investment	NOUN
ftr-433	1243	10	model	model	NOUN
ftr-433	1243	11	,	,	PUNCT
ftr-433	1243	12	as	as	SCONJ
ftr-433	1243	13	shown	show	VERB
ftr-433	1243	14	in	in	ADP
ftr-433	1243	15	table	table	NOUN
ftr-433	1243	16	17	17	NUM
ftr-433	1243	17	below	below	ADV
ftr-433	1243	18	,	,	PUNCT
ftr-433	1243	19	a	a	DET
ftr-433	1243	20	$	$	SYM
ftr-433	1243	21	100171	100171	NUM
ftr-433	1243	22	investment	investment	NOUN
ftr-433	1243	23	at	at	ADP
ftr-433	1243	24	time	time	NOUN
ftr-433	1243	25	0	0	NUM
ftr-433	1243	26	in	in	ADP
ftr-433	1243	27	a	a	DET
ftr-433	1243	28	cfit	cfit	NOUN
ftr-433	1243	29	base	base	NOUN
ftr-433	1243	30	produces	produce	VERB
ftr-433	1243	31	a	a	DET
ftr-433	1243	32	tax	tax	NOUN
ftr-433	1243	33	base	base	NOUN
ftr-433	1243	34	reduction	reduction	NOUN
ftr-433	1243	35	of	of	ADP
ftr-433	1243	36	$	$	SYM
ftr-433	1243	37	100	100	NUM
ftr-433	1243	38	.	.	PUNCT
ftr-433	1244	1	because	because	SCONJ
ftr-433	1244	2	this	this	PRON
ftr-433	1244	3	is	be	AUX
ftr-433	1244	4	a	a	DET
ftr-433	1244	5	break	break	VERB
ftr-433	1244	6	-	-	PUNCT
ftr-433	1244	7	even	even	ADV
ftr-433	1244	8	investment	investment	NOUN
ftr-433	1244	9	,	,	PUNCT
ftr-433	1244	10	the	the	DET
ftr-433	1244	11	yield	yield	NOUN
ftr-433	1244	12	rate	rate	NOUN
ftr-433	1244	13	of	of	ADP
ftr-433	1244	14	the	the	DET
ftr-433	1244	15	investment	investment	NOUN
ftr-433	1244	16	equals	equal	VERB
ftr-433	1244	17	1the	1the	ADJ
ftr-433	1244	18	pre	pre	ADJ
ftr-433	1244	19	-	-	ADJ
ftr-433	1244	20	tax	tax	ADJ
ftr-433	1244	21	discount	discount	NOUN
ftr-433	1244	22	rate	rate	NOUN
ftr-433	1244	23	.	.	PUNCT
ftr-433	1245	1	therefore	therefore	ADV
ftr-433	1245	2	,	,	PUNCT
ftr-433	1245	3	the	the	DET
ftr-433	1245	4	pv	pv	NOUN
ftr-433	1245	5	of	of	ADP
ftr-433	1245	6	the	the	DET
ftr-433	1245	7	investment	investment	NOUN
ftr-433	1245	8	’s	’s	PART
ftr-433	1245	9	pre	pre	ADJ
ftr-433	1245	10	-	-	ADJ
ftr-433	1245	11	tax	tax	ADJ
ftr-433	1245	12	cash	cash	NOUN
ftr-433	1245	13	flow	flow	NOUN
ftr-433	1245	14	,	,	PUNCT
ftr-433	1245	15	which	which	PRON
ftr-433	1245	16	is	be	AUX
ftr-433	1245	17	treated	treat	VERB
ftr-433	1245	18	as	as	ADP
ftr-433	1245	19	an	an	DET
ftr-433	1245	20	increase	increase	NOUN
ftr-433	1245	21	in	in	ADP
ftr-433	1245	22	the	the	DET
ftr-433	1245	23	tax	tax	NOUN
ftr-433	1245	24	base	base	NOUN
ftr-433	1245	25	,	,	PUNCT
ftr-433	1245	26	also	also	ADV
ftr-433	1245	27	equals	equal	VERB
ftr-433	1245	28	$	$	SYM
ftr-433	1245	29	100	100	NUM
ftr-433	1245	30	.	.	PUNCT
ftr-433	1246	1	as	as	ADP
ftr-433	1246	2	a	a	DET
ftr-433	1246	3	result	result	NOUN
ftr-433	1246	4	,	,	PUNCT
ftr-433	1246	5	the	the	DET
ftr-433	1246	6	pre	pre	ADJ
ftr-433	1246	7	-	-	ADJ
ftr-433	1246	8	tax	tax	ADJ
ftr-433	1246	9	present	present	ADJ
ftr-433	1246	10	values	value	NOUN
ftr-433	1246	11	of	of	ADP
ftr-433	1246	12	the	the	DET
ftr-433	1246	13	sequential	sequential	ADJ
ftr-433	1246	14	tax	tax	NOUN
ftr-433	1246	15	base	base	NOUN
ftr-433	1246	16	reduction	reduction	NOUN
ftr-433	1246	17	and	and	CCONJ
ftr-433	1246	18	tax	tax	NOUN
ftr-433	1246	19	base	base	NOUN
ftr-433	1246	20	increase	increase	NOUN
ftr-433	1246	21	offset	offset	VERB
ftr-433	1246	22	each	each	DET
ftr-433	1246	23	other	other	ADJ
ftr-433	1246	24	exactly	exactly	ADV
ftr-433	1246	25	.	.	PUNCT
ftr-433	1247	1	and	and	CCONJ
ftr-433	1247	2	,	,	PUNCT
ftr-433	1247	3	because	because	SCONJ
ftr-433	1247	4	taxable	taxable	ADJ
ftr-433	1247	5	income	income	NOUN
ftr-433	1247	6	is	be	AUX
ftr-433	1247	7	a	a	DET
ftr-433	1247	8	perfect	perfect	ADJ
ftr-433	1247	9	reflection	reflection	NOUN
ftr-433	1247	10	of	of	ADP
ftr-433	1247	11	the	the	DET
ftr-433	1247	12	investment	investment	NOUN
ftr-433	1247	13	and	and	CCONJ
ftr-433	1247	14	yield	yield	VERB
ftr-433	1247	15	cash	cash	NOUN
ftr-433	1247	16	flows	flow	NOUN
ftr-433	1247	17	,	,	PUNCT
ftr-433	1247	18	its	its	PRON
ftr-433	1247	19	pre	pre	ADJ
ftr-433	1247	20	-	-	ADJ
ftr-433	1247	21	tax	tax	ADJ
ftr-433	1247	22	net	net	ADJ
ftr-433	1247	23	present	present	ADJ
ftr-433	1247	24	value	value	NOUN
ftr-433	1247	25	is	be	AUX
ftr-433	1247	26	$	$	SYM
ftr-433	1247	27	0.00	0.00	NUM
ftr-433	1247	28	.	.	PUNCT
ftr-433	1248	1	consequently	consequently	ADV
ftr-433	1248	2	,	,	PUNCT
ftr-433	1248	3	the	the	DET
ftr-433	1248	4	pre	pre	ADJ
ftr-433	1248	5	-	-	ADJ
ftr-433	1248	6	tax	tax	ADJ
ftr-433	1248	7	present	present	ADJ
ftr-433	1248	8	values	value	NOUN
ftr-433	1248	9	of	of	ADP
ftr-433	1248	10	tax	tax	NOUN
ftr-433	1248	11	paid	pay	VERB
ftr-433	1248	12	and	and	CCONJ
ftr-433	1248	13	the	the	DET
ftr-433	1248	14	taxpayer	taxpayer	NOUN
ftr-433	1248	15	’s	’s	PART
ftr-433	1248	16	after	after	ADP
ftr-433	1248	17	-	-	PUNCT
ftr-433	1248	18	tax	tax	NOUN
ftr-433	1248	19	cash	cash	NOUN
ftr-433	1248	20	flow	flow	NOUN
ftr-433	1248	21	are	be	AUX
ftr-433	1248	22	also	also	ADV
ftr-433	1248	23	$	$	SYM
ftr-433	1248	24	0.00	0.00	NUM
ftr-433	1248	25	.	.	PUNCT
ftr-433	1249	1	526	526	NUM
ftr-433	1249	2	florida	florida	PROPN
ftr-433	1249	3	tax	tax	NOUN
ftr-433	1249	4	review	review	NOUN
ftr-433	1250	1	[	[	X
ftr-433	1250	2	vol	vol	NOUN
ftr-433	1250	3	.	.	PUNCT
ftr-433	1251	1	5:7	5:7	NUM
ftr-433	1251	2	table	table	NOUN
ftr-433	1251	3	17	17	NUM
ftr-433	1251	4	:	:	PUNCT
ftr-433	1251	5	financial	financial	ADJ
ftr-433	1251	6	characteristics	characteristic	NOUN
ftr-433	1251	7	of	of	ADP
ftr-433	1251	8	$	$	SYM
ftr-433	1251	9	100	100	NUM
ftr-433	1251	10	investment	investment	NOUN
ftr-433	1251	11	subject	subject	NOUN
ftr-433	1251	12	to	to	ADP
ftr-433	1251	13	expensing	expense	VERB
ftr-433	1251	14	in	in	ADP
ftr-433	1251	15	a	a	DET
ftr-433	1251	16	cfit	cfit	NOUN
ftr-433	1251	17	base	base	NOUN
ftr-433	1251	18	ptcf	ptcf	PROPN
ftr-433	1251	19	t.i	t.i	PROPN
ftr-433	1251	20	.	.	PROPN
ftr-433	1251	21	tax	tax	PROPN
ftr-433	1251	22	atcf	atcf	PROPN
ftr-433	1251	23	etr	etr	PROPN
ftr-433	1251	24	time	time	NOUN
ftr-433	1251	25	0	0	NUM
ftr-433	1252	1	-100.00	-100.00	PROPN
ftr-433	1252	2	-100.00	-100.00	PROPN
ftr-433	1252	3	-50.00	-50.00	PUNCT
ftr-433	1252	4	-50.00	-50.00	PUNCT
ftr-433	1252	5	tot	tot	VERB
ftr-433	1252	6	yrs	yrs	NOUN
ftr-433	1252	7	1	1	NUM
ftr-433	1252	8	-	-	SYM
ftr-433	1252	9	4	4	NUM
ftr-433	1252	10	126.20	126.20	NUM
ftr-433	1252	11	126.20	126.20	NUM
ftr-433	1252	12	63.10	63.10	NUM
ftr-433	1252	13	63.10	63.10	NUM
ftr-433	1252	14	net	net	ADJ
ftr-433	1252	15	yrs	yr	NOUN
ftr-433	1252	16	0	0	NUM
ftr-433	1252	17	–	–	PUNCT
ftr-433	1252	18	4	4	NUM
ftr-433	1252	19	26.20	26.20	NUM
ftr-433	1252	20	26.20	26.20	NUM
ftr-433	1252	21	13.10	13.10	NUM
ftr-433	1252	22	13.10	13.10	NUM
ftr-433	1252	23	1npv	1npv	NOUN
ftr-433	1252	24	@	@	ADP
ftr-433	1252	25	10	10	NUM
ftr-433	1252	26	%	%	NOUN
ftr-433	1252	27	0.00	0.00	NUM
ftr-433	1252	28	0.00	0.00	NUM
ftr-433	1252	29	0.00	0.00	NUM
ftr-433	1252	30	0.00	0.00	NUM
ftr-433	1252	31	2npv	2npv	NOUN
ftr-433	1252	32	@	@	ADP
ftr-433	1252	33	5	5	NUM
ftr-433	1252	34	%	%	NOUN
ftr-433	1252	35	11.86	11.86	NUM
ftr-433	1252	36	11.86	11.86	NUM
ftr-433	1252	37	5.93	5.93	NUM
ftr-433	1252	38	5.93	5.93	NUM
ftr-433	1252	39	50	50	NUM
ftr-433	1252	40	%	%	NOUN
ftr-433	1252	41	irr	irr	NOUN
ftr-433	1252	42	10.00	10.00	NUM
ftr-433	1252	43	%	%	NOUN
ftr-433	1252	44	10.00	10.00	NUM
ftr-433	1252	45	%	%	NOUN
ftr-433	1252	46	0	0	NUM
ftr-433	1252	47	%	%	NOUN
ftr-433	1252	48	notwithstanding	notwithstanding	ADP
ftr-433	1252	49	this	this	DET
ftr-433	1252	50	exact	exact	ADJ
ftr-433	1252	51	pre	pre	ADJ
ftr-433	1252	52	-	-	ADJ
ftr-433	1252	53	tax	tax	ADJ
ftr-433	1252	54	financial	financial	ADJ
ftr-433	1252	55	offset	offset	NOUN
ftr-433	1252	56	,	,	PUNCT
ftr-433	1252	57	in	in	ADP
ftr-433	1252	58	contrast	contrast	NOUN
ftr-433	1252	59	to	to	ADP
ftr-433	1252	60	an	an	DET
ftr-433	1252	61	2amit	2amit	NUM
ftr-433	1252	62	base	base	NOUN
ftr-433	1252	63	the	the	DET
ftr-433	1252	64	pv	pv	NOUN
ftr-433	1252	65	of	of	ADP
ftr-433	1252	66	the	the	DET
ftr-433	1252	67	taxpayer	taxpayer	NOUN
ftr-433	1252	68	’s	’s	PART
ftr-433	1252	69	atcf	atcf	NOUN
ftr-433	1252	70	in	in	ADP
ftr-433	1252	71	a	a	DET
ftr-433	1252	72	cfit	cfit	NOUN
ftr-433	1252	73	base	base	NOUN
ftr-433	1252	74	is	be	AUX
ftr-433	1252	75	a	a	DET
ftr-433	1252	76	positive	positive	ADJ
ftr-433	1252	77	amount	amount	NOUN
ftr-433	1252	78	,	,	PUNCT
ftr-433	1252	79	$	$	SYM
ftr-433	1252	80	5.93	5.93	NUM
ftr-433	1252	81	.	.	PUNCT
ftr-433	1253	1	here	here	ADV
ftr-433	1253	2	is	be	AUX
ftr-433	1253	3	how	how	SCONJ
ftr-433	1253	4	that	that	DET
ftr-433	1253	5	amount	amount	NOUN
ftr-433	1253	6	is	be	AUX
ftr-433	1253	7	derived	derive	VERB
ftr-433	1253	8	.	.	PUNCT
ftr-433	1254	1	initially	initially	ADV
ftr-433	1254	2	,	,	PUNCT
ftr-433	1254	3	the	the	DET
ftr-433	1254	4	after	after	ADP
ftr-433	1254	5	-	-	PUNCT
ftr-433	1254	6	tax	tax	NOUN
ftr-433	1254	7	net	net	NOUN
ftr-433	1254	8	2present	2present	NUM
ftr-433	1254	9	value	value	NOUN
ftr-433	1254	10	of	of	ADP
ftr-433	1254	11	the	the	DET
ftr-433	1254	12	pre	pre	ADJ
ftr-433	1254	13	-	-	ADJ
ftr-433	1254	14	tax	tax	ADJ
ftr-433	1254	15	cash	cash	NOUN
ftr-433	1254	16	flow	flow	NOUN
ftr-433	1254	17	(	(	PUNCT
ftr-433	1254	18	npv	npv	PROPN
ftr-433	1254	19	ptcf	ptcf	PROPN
ftr-433	1254	20	)	)	PUNCT
ftr-433	1254	21	is	be	AUX
ftr-433	1254	22	$	$	SYM
ftr-433	1254	23	11.86	11.86	NUM
ftr-433	1254	24	.	.	PUNCT
ftr-433	1255	1	this	this	PRON
ftr-433	1255	2	is	be	AUX
ftr-433	1255	3	the	the	DET
ftr-433	1255	4	excess	excess	NOUN
ftr-433	1255	5	of	of	ADP
ftr-433	1255	6	the	the	DET
ftr-433	1255	7	present	present	ADJ
ftr-433	1255	8	value	value	NOUN
ftr-433	1255	9	of	of	ADP
ftr-433	1255	10	the	the	DET
ftr-433	1255	11	yield	yield	NOUN
ftr-433	1255	12	stream	stream	NOUN
ftr-433	1255	13	(	(	PUNCT
ftr-433	1255	14	111.86	111.86	NUM
ftr-433	1255	15	)	)	PUNCT
ftr-433	1255	16	over	over	ADP
ftr-433	1255	17	the	the	DET
ftr-433	1255	18	amount	amount	NOUN
ftr-433	1255	19	invested	invest	VERB
ftr-433	1255	20	(	(	PUNCT
ftr-433	1255	21	$	$	SYM
ftr-433	1255	22	100	100	NUM
ftr-433	1255	23	)	)	PUNCT
ftr-433	1255	24	using	use	VERB
ftr-433	1255	25	the	the	DET
ftr-433	1255	26	after	after	ADP
ftr-433	1255	27	-	-	PUNCT
ftr-433	1255	28	tax	tax	NOUN
ftr-433	1255	29	discount	discount	NOUN
ftr-433	1255	30	rate	rate	NOUN
ftr-433	1255	31	(	(	PUNCT
ftr-433	1255	32	5	5	NUM
ftr-433	1255	33	%	%	NOUN
ftr-433	1255	34	)	)	PUNCT
ftr-433	1255	35	.	.	PUNCT
ftr-433	1256	1	this	this	PRON
ftr-433	1256	2	suggests	suggest	VERB
ftr-433	1256	3	that	that	SCONJ
ftr-433	1256	4	the	the	DET
ftr-433	1256	5	taxpayer	taxpayer	NOUN
ftr-433	1256	6	’s	’s	PART
ftr-433	1256	7	after	after	ADP
ftr-433	1256	8	-	-	PUNCT
ftr-433	1256	9	tax	tax	NOUN
ftr-433	1256	10	return	return	NOUN
ftr-433	1256	11	on	on	ADP
ftr-433	1256	12	the	the	DET
ftr-433	1256	13	pre	pre	ADJ
ftr-433	1256	14	-	-	ADJ
ftr-433	1256	15	tax	tax	ADJ
ftr-433	1256	16	cash	cash	NOUN
ftr-433	1256	17	flow	flow	NOUN
ftr-433	1256	18	is	be	AUX
ftr-433	1256	19	financially	financially	ADV
ftr-433	1256	20	correct	correct	ADJ
ftr-433	1256	21	because	because	SCONJ
ftr-433	1256	22	it	it	PRON
ftr-433	1256	23	equals	equal	VERB
ftr-433	1256	24	the	the	DET
ftr-433	1256	25	pre	pre	ADJ
ftr-433	1256	26	-	-	ADJ
ftr-433	1256	27	tax	tax	ADJ
ftr-433	1256	28	return	return	NOUN
ftr-433	1256	29	times	time	NOUN
ftr-433	1256	30	1	1	NUM
ftr-433	1256	31	minus	minus	ADP
ftr-433	1256	32	the	the	DET
ftr-433	1256	33	tax	tax	NOUN
ftr-433	1256	34	rate	rate	NOUN
ftr-433	1256	35	(	(	PUNCT
ftr-433	1256	36	10	10	NUM
ftr-433	1256	37	%	%	NOUN
ftr-433	1256	38	x	x	PUNCT
ftr-433	1257	1	[	[	X
ftr-433	1257	2	1-.5	1-.5	NOUN
ftr-433	1257	3	]	]	X
ftr-433	1257	4	)	)	PUNCT
ftr-433	1257	5	.	.	PUNCT
ftr-433	1258	1	indeed	indeed	ADV
ftr-433	1258	2	,	,	PUNCT
ftr-433	1258	3	this	this	DET
ftr-433	1258	4	financial	financial	ADJ
ftr-433	1258	5	amount	amount	NOUN
ftr-433	1258	6	is	be	AUX
ftr-433	1258	7	produced	produce	VERB
ftr-433	1258	8	by	by	ADP
ftr-433	1258	9	all	all	PRON
ftr-433	1258	10	of	of	ADP
ftr-433	1258	11	the	the	DET
ftr-433	1258	12	$	$	SYM
ftr-433	1258	13	100	100	NUM
ftr-433	1258	14	financial	financial	ADJ
ftr-433	1258	15	break	break	NOUN
ftr-433	1258	16	-	-	PUNCT
ftr-433	1258	17	even	even	ADV
ftr-433	1258	18	investments	investment	NOUN
ftr-433	1258	19	in	in	ADP
ftr-433	1258	20	this	this	DET
ftr-433	1258	21	article	article	NOUN
ftr-433	1258	22	,	,	PUNCT
ftr-433	1258	23	regardless	regardless	ADV
ftr-433	1258	24	of	of	ADP
ftr-433	1258	25	the	the	DET
ftr-433	1258	26	tax	tax	NOUN
ftr-433	1258	27	base	base	NOUN
ftr-433	1258	28	or	or	CCONJ
ftr-433	1258	29	cost	cost	NOUN
ftr-433	1258	30	recovery	recovery	NOUN
ftr-433	1258	31	method	method	NOUN
ftr-433	1258	32	employed	employ	VERB
ftr-433	1258	33	,	,	PUNCT
ftr-433	1258	34	because	because	SCONJ
ftr-433	1258	35	if	if	SCONJ
ftr-433	1258	36	is	be	AUX
ftr-433	1258	37	a	a	DET
ftr-433	1258	38	characteristic	characteristic	NOUN
ftr-433	1258	39	of	of	ADP
ftr-433	1258	40	the	the	DET
ftr-433	1258	41	pre	pre	ADJ
ftr-433	1258	42	-	-	ADJ
ftr-433	1258	43	tax	tax	ADJ
ftr-433	1258	44	cash	cash	NOUN
ftr-433	1258	45	flow	flow	NOUN
ftr-433	1258	46	in	in	ADP
ftr-433	1258	47	the	the	DET
ftr-433	1258	48	financial	financial	ADJ
ftr-433	1258	49	break	break	NOUN
ftr-433	1258	50	-	-	PUNCT
ftr-433	1258	51	even	even	ADV
ftr-433	1258	52	model	model	NOUN
ftr-433	1258	53	used	use	VERB
ftr-433	1258	54	in	in	ADP
ftr-433	1258	55	this	this	DET
ftr-433	1258	56	article	article	NOUN
ftr-433	1258	57	.	.	PUNCT
ftr-433	1259	1	uniquely	uniquely	ADV
ftr-433	1259	2	though	though	ADV
ftr-433	1259	3	,	,	PUNCT
ftr-433	1259	4	cash	cash	NOUN
ftr-433	1259	5	flow	flow	NOUN
ftr-433	1259	6	accounting	accounting	NOUN
ftr-433	1259	7	produces	produce	VERB
ftr-433	1259	8	a	a	DET
ftr-433	1259	9	tax	tax	NOUN
ftr-433	1259	10	treatment	treatment	NOUN
ftr-433	1259	11	of	of	ADP
ftr-433	1259	12	both	both	DET
ftr-433	1259	13	investment	investment	NOUN
ftr-433	1259	14	and	and	CCONJ
ftr-433	1259	15	investment	investment	NOUN
ftr-433	1259	16	yield	yield	NOUN
ftr-433	1259	17	that	that	PRON
ftr-433	1259	18	is	be	AUX
ftr-433	1259	19	completely	completely	ADV
ftr-433	1259	20	proportional	proportional	ADJ
ftr-433	1259	21	to	to	ADP
ftr-433	1259	22	the	the	DET
ftr-433	1259	23	tax	tax	NOUN
ftr-433	1259	24	rate	rate	NOUN
ftr-433	1259	25	both	both	CCONJ
ftr-433	1259	26	economically	economically	ADV
ftr-433	1259	27	and	and	CCONJ
ftr-433	1259	28	financially	financially	ADV
ftr-433	1259	29	.	.	PUNCT
ftr-433	1260	1	commentators	commentator	NOUN
ftr-433	1260	2	often	often	ADV
ftr-433	1260	3	use	use	VERB
ftr-433	1260	4	a	a	DET
ftr-433	1260	5	co	co	NOUN
ftr-433	1260	6	-	-	NOUN
ftr-433	1260	7	investment	investment	ADJ
ftr-433	1260	8	theoretical	theoretical	ADJ
ftr-433	1260	9	model	model	NOUN
ftr-433	1260	10	to	to	PART
ftr-433	1260	11	explain	explain	VERB
ftr-433	1260	12	the	the	DET
ftr-433	1260	13	dynamics	dynamic	NOUN
ftr-433	1260	14	of	of	ADP
ftr-433	1260	15	a	a	DET
ftr-433	1260	16	cfit	cfit	NOUN
ftr-433	1260	17	base	base	NOUN
ftr-433	1260	18	that	that	PRON
ftr-433	1260	19	produces	produce	VERB
ftr-433	1260	20	such	such	ADJ
ftr-433	1260	21	results	result	NOUN
ftr-433	1260	22	.	.	PUNCT
ftr-433	1261	1	under	under	ADP
ftr-433	1261	2	this	this	DET
ftr-433	1261	3	model	model	NOUN
ftr-433	1261	4	,	,	PUNCT
ftr-433	1261	5	because	because	SCONJ
ftr-433	1261	6	a	a	DET
ftr-433	1261	7	$	$	SYM
ftr-433	1261	8	100	100	NUM
ftr-433	1261	9	investment	investment	NOUN
ftr-433	1261	10	in	in	ADP
ftr-433	1261	11	a	a	DET
ftr-433	1261	12	cfit	cfit	NOUN
ftr-433	1261	13	base	base	NOUN
ftr-433	1261	14	is	be	AUX
ftr-433	1261	15	made	make	VERB
ftr-433	1261	16	with	with	ADP
ftr-433	1261	17	pre	pre	ADJ
ftr-433	1261	18	-	-	ADJ
ftr-433	1261	19	tax	tax	ADJ
ftr-433	1261	20	dollars	dollar	NOUN
ftr-433	1261	21	,	,	PUNCT
ftr-433	1261	22	it	it	PRON
ftr-433	1261	23	theoretically	theoretically	ADV
ftr-433	1261	24	becomes	become	VERB
ftr-433	1261	25	a	a	DET
ftr-433	1261	26	co	co	NOUN
ftr-433	1261	27	-	-	NOUN
ftr-433	1261	28	investment	investment	NOUN
ftr-433	1261	29	of	of	ADP
ftr-433	1261	30	the	the	DET
ftr-433	1261	31	taxpayer	taxpayer	NOUN
ftr-433	1261	32	and	and	CCONJ
ftr-433	1261	33	the	the	DET
ftr-433	1261	34	government	government	NOUN
ftr-433	1261	35	based	base	VERB
ftr-433	1261	36	on	on	ADP
ftr-433	1261	37	the	the	DET
ftr-433	1261	38	ratio	ratio	NOUN
ftr-433	1261	39	of	of	ADP
ftr-433	1261	40	the	the	DET
ftr-433	1261	41	tax	tax	NOUN
ftr-433	1261	42	rate	rate	NOUN
ftr-433	1261	43	.	.	PUNCT
ftr-433	1262	1	the	the	DET
ftr-433	1262	2	taxpayer	taxpayer	NOUN
ftr-433	1262	3	’s	’s	PART
ftr-433	1262	4	portion	portion	NOUN
ftr-433	1262	5	of	of	ADP
ftr-433	1262	6	the	the	DET
ftr-433	1262	7	investment	investment	NOUN
ftr-433	1262	8	comes	come	VERB
ftr-433	1262	9	from	from	ADP
ftr-433	1262	10	the	the	DET
ftr-433	1262	11	amount	amount	NOUN
ftr-433	1262	12	of	of	ADP
ftr-433	1262	13	the	the	DET
ftr-433	1262	14	initial	initial	ADJ
ftr-433	1262	15	investment	investment	NOUN
ftr-433	1262	16	times	time	NOUN
ftr-433	1262	17	1	1	NUM
ftr-433	1262	18	minus	minus	ADP
ftr-433	1262	19	the	the	DET
ftr-433	1262	20	tax	tax	NOUN
ftr-433	1262	21	rate	rate	NOUN
ftr-433	1262	22	(	(	PUNCT
ftr-433	1262	23	i	i	NOUN
ftr-433	1262	24	x	x	PUNCT
ftr-433	1263	1	[	[	X
ftr-433	1263	2	1	1	NUM
ftr-433	1263	3	–	–	PUNCT
ftr-433	1263	4	t	t	NOUN
ftr-433	1263	5	]	]	PUNCT
ftr-433	1263	6	)	)	PUNCT
ftr-433	1263	7	.	.	PUNCT
ftr-433	1263	8	similarly	similarly	ADV
ftr-433	1263	9	,	,	PUNCT
ftr-433	1263	10	the	the	DET
ftr-433	1263	11	taxpayer	taxpayer	NOUN
ftr-433	1263	12	’s	’s	PART
ftr-433	1263	13	portion	portion	NOUN
ftr-433	1263	14	of	of	ADP
ftr-433	1263	15	the	the	DET
ftr-433	1263	16	investment	investment	NOUN
ftr-433	1263	17	yield	yield	NOUN
ftr-433	1263	18	becomes	become	VERB
ftr-433	1263	19	(	(	PUNCT
ftr-433	1263	20	i	i	NOUN
ftr-433	1263	21	x	x	SYM
ftr-433	1263	22	y	y	PROPN
ftr-433	1263	23	)	)	PUNCT
ftr-433	1263	24	times	time	NOUN
ftr-433	1263	25	(	(	PUNCT
ftr-433	1263	26	1	1	NUM
ftr-433	1263	27	minus	minus	ADP
ftr-433	1263	28	the	the	DET
ftr-433	1263	29	tax	tax	NOUN
ftr-433	1263	30	rate	rate	NOUN
ftr-433	1263	31	)	)	PUNCT
ftr-433	1263	32	or	or	CCONJ
ftr-433	1263	33	(	(	PUNCT
ftr-433	1263	34	[	[	X
ftr-433	1263	35	i	i	X
ftr-433	1263	36	x	x	X
ftr-433	1263	37	y	y	NOUN
ftr-433	1263	38	]	]	X
ftr-433	1263	39	x	x	PUNCT
ftr-433	1264	1	[	[	X
ftr-433	1264	2	1	1	NUM
ftr-433	1264	3	–	–	PUNCT
ftr-433	1264	4	t	t	NOUN
ftr-433	1264	5	]	]	PUNCT
ftr-433	1264	6	)	)	PUNCT
ftr-433	1264	7	.	.	PUNCT
ftr-433	1265	1	therefore	therefore	ADV
ftr-433	1265	2	,	,	PUNCT
ftr-433	1265	3	the	the	DET
ftr-433	1265	4	taxpayer	taxpayer	NOUN
ftr-433	1265	5	’s	’s	PART
ftr-433	1265	6	portion	portion	NOUN
ftr-433	1265	7	of	of	ADP
ftr-433	1265	8	both	both	DET
ftr-433	1265	9	investment	investment	NOUN
ftr-433	1265	10	and	and	CCONJ
ftr-433	1265	11	investment	investment	NOUN
ftr-433	1265	12	yield	yield	NOUN
ftr-433	1265	13	equals	equal	VERB
ftr-433	1265	14	50	50	NUM
ftr-433	1265	15	%	%	NOUN
ftr-433	1265	16	(	(	PUNCT
ftr-433	1265	17	1	1	NUM
ftr-433	1265	18	–	–	PUNCT
ftr-433	1265	19	t	t	NOUN
ftr-433	1265	20	)	)	PUNCT
ftr-433	1265	21	,	,	PUNCT
ftr-433	1265	22	and	and	CCONJ
ftr-433	1265	23	this	this	DET
ftr-433	1265	24	ratio	ratio	NOUN
ftr-433	1265	25	persists	persist	VERB
ftr-433	1265	26	throughout	throughout	ADP
ftr-433	1265	27	the	the	DET
ftr-433	1265	28	nominal	nominal	ADJ
ftr-433	1265	29	and	and	CCONJ
ftr-433	1265	30	financial	financial	ADJ
ftr-433	1265	31	results	result	NOUN
ftr-433	1265	32	in	in	ADP
ftr-433	1265	33	terms	term	NOUN
ftr-433	1265	34	of	of	ADP
ftr-433	1265	35	both	both	DET
ftr-433	1265	36	pre	pre	NOUN
ftr-433	1265	37	-	-	NOUN
ftr-433	1265	38	tax	tax	NOUN
ftr-433	1265	39	and	and	CCONJ
ftr-433	1265	40	after	after	ADP
ftr-433	1265	41	-	-	PUNCT
ftr-433	1265	42	tax	tax	NOUN
ftr-433	1265	43	net	net	ADJ
ftr-433	1265	44	present	present	ADJ
ftr-433	1265	45	values	value	NOUN
ftr-433	1265	46	.	.	PUNCT
ftr-433	1266	1	thus	thus	ADV
ftr-433	1266	2	,	,	PUNCT
ftr-433	1266	3	the	the	DET
ftr-433	1266	4	after	after	ADP
ftr-433	1266	5	-	-	PUNCT
ftr-433	1266	6	tax	tax	NOUN
ftr-433	1266	7	net	net	NOUN
ftr-433	1266	8	present	present	ADJ
ftr-433	1266	9	2	2	NUM
ftr-433	1266	10	2value	2value	NUM
ftr-433	1266	11	of	of	ADP
ftr-433	1266	12	the	the	DET
ftr-433	1266	13	after	after	ADP
ftr-433	1266	14	-	-	PUNCT
ftr-433	1266	15	tax	tax	NOUN
ftr-433	1266	16	cash	cash	NOUN
ftr-433	1266	17	flow	flow	NOUN
ftr-433	1266	18	(	(	PUNCT
ftr-433	1266	19	npv	npv	PROPN
ftr-433	1266	20	atcf	atcf	NOUN
ftr-433	1266	21	)	)	PUNCT
ftr-433	1266	22	is	be	AUX
ftr-433	1266	23	$	$	SYM
ftr-433	1266	24	5.93	5.93	NUM
ftr-433	1266	25	,	,	PUNCT
ftr-433	1266	26	or	or	CCONJ
ftr-433	1266	27	50	50	NUM
ftr-433	1266	28	%	%	NOUN
ftr-433	1266	29	of	of	ADP
ftr-433	1266	30	the	the	DET
ftr-433	1266	31	npv	npv	NOUN
ftr-433	1266	32	of	of	ADP
ftr-433	1266	33	2	2	NUM
ftr-433	1266	34	the	the	DET
ftr-433	1266	35	pre	pre	ADJ
ftr-433	1266	36	-	-	ADJ
ftr-433	1266	37	tax	tax	ADJ
ftr-433	1266	38	cash	cash	NOUN
ftr-433	1266	39	flow	flow	NOUN
ftr-433	1266	40	(	(	PUNCT
ftr-433	1266	41	npv	npv	NOUN
ftr-433	1266	42	ptcf	ptcf	PROPN
ftr-433	1266	43	)	)	PUNCT
ftr-433	1266	44	,	,	PUNCT
ftr-433	1266	45	which	which	PRON
ftr-433	1266	46	is	be	AUX
ftr-433	1266	47	$	$	SYM
ftr-433	1266	48	11.86	11.86	NUM
ftr-433	1266	49	.	.	PUNCT
ftr-433	1267	1	from	from	ADP
ftr-433	1267	2	the	the	DET
ftr-433	1267	3	government	government	NOUN
ftr-433	1267	4	’s	’s	PART
ftr-433	1267	5	standpoint	standpoint	NOUN
ftr-433	1267	6	,	,	PUNCT
ftr-433	1267	7	the	the	DET
ftr-433	1267	8	$	$	SYM
ftr-433	1267	9	50	50	NUM
ftr-433	1267	10	tax	tax	NOUN
ftr-433	1267	11	savings	saving	NOUN
ftr-433	1267	12	produced	produce	VERB
ftr-433	1267	13	by	by	ADP
ftr-433	1267	14	expensing	expense	VERB
ftr-433	1267	15	(	(	PUNCT
ftr-433	1267	16	investment	investment	NOUN
ftr-433	1267	17	x	x	SYM
ftr-433	1267	18	t	t	PROPN
ftr-433	1267	19	)	)	PUNCT
ftr-433	1267	20	can	can	AUX
ftr-433	1267	21	be	be	AUX
ftr-433	1267	22	viewed	view	VERB
ftr-433	1267	23	as	as	ADP
ftr-433	1267	24	a	a	DET
ftr-433	1267	25	co	co	NOUN
ftr-433	1267	26	-	-	NOUN
ftr-433	1267	27	investment	investment	NOUN
ftr-433	1267	28	in	in	ADP
ftr-433	1267	29	the	the	DET
ftr-433	1267	30	asset	asset	NOUN
ftr-433	1267	31	by	by	ADP
ftr-433	1267	32	the	the	DET
ftr-433	1267	33	government	government	NOUN
ftr-433	1267	34	in	in	ADP
ftr-433	1267	35	the	the	DET
ftr-433	1267	36	form	form	NOUN
ftr-433	1267	37	of	of	ADP
ftr-433	1267	38	foregone	foregone	NOUN
ftr-433	1267	39	tax	tax	NOUN
ftr-433	1267	40	revenue	revenue	NOUN
ftr-433	1267	41	.	.	PUNCT
ftr-433	1268	1	this	this	DET
ftr-433	1268	2	hypothetical	hypothetical	ADJ
ftr-433	1268	3	co2002	co2002	NOUN
ftr-433	1268	4	]	]	PUNCT
ftr-433	1268	5	normative	normative	ADJ
ftr-433	1268	6	capital	capital	NOUN
ftr-433	1268	7	cost	cost	NOUN
ftr-433	1268	8	recovery	recovery	NOUN
ftr-433	1268	9	527	527	NUM
ftr-433	1268	10	172	172	NUM
ftr-433	1268	11	.	.	PUNCT
ftr-433	1269	1	these	these	DET
ftr-433	1269	2	facts	fact	NOUN
ftr-433	1269	3	are	be	AUX
ftr-433	1269	4	also	also	ADV
ftr-433	1269	5	the	the	DET
ftr-433	1269	6	basis	basis	NOUN
ftr-433	1269	7	for	for	ADP
ftr-433	1269	8	the	the	DET
ftr-433	1269	9	frequently	frequently	ADV
ftr-433	1269	10	stated	state	VERB
ftr-433	1269	11	assertions	assertion	NOUN
ftr-433	1269	12	that	that	SCONJ
ftr-433	1269	13	expensing	expense	VERB
ftr-433	1269	14	causes	cause	VERB
ftr-433	1269	15	a	a	DET
ftr-433	1269	16	rbit	rbit	NOUN
ftr-433	1269	17	base	base	NOUN
ftr-433	1269	18	to	to	PART
ftr-433	1269	19	emulate	emulate	VERB
ftr-433	1269	20	a	a	DET
ftr-433	1269	21	cfit	cfit	NOUN
ftr-433	1269	22	base	base	NOUN
ftr-433	1269	23	and	and	CCONJ
ftr-433	1269	24	exempts	exempt	VERB
ftr-433	1269	25	the	the	DET
ftr-433	1269	26	income	income	NOUN
ftr-433	1269	27	produced	produce	VERB
ftr-433	1269	28	by	by	ADP
ftr-433	1269	29	expensed	expensed	ADJ
ftr-433	1269	30	assets	asset	NOUN
ftr-433	1269	31	from	from	ADP
ftr-433	1269	32	taxation	taxation	NOUN
ftr-433	1269	33	,	,	PUNCT
ftr-433	1269	34	both	both	CCONJ
ftr-433	1269	35	in	in	ADP
ftr-433	1269	36	nominal	nominal	ADJ
ftr-433	1269	37	and	and	CCONJ
ftr-433	1269	38	financial	financial	ADJ
ftr-433	1269	39	terms	term	NOUN
ftr-433	1269	40	.	.	PUNCT
ftr-433	1270	1	the	the	DET
ftr-433	1270	2	nominal	nominal	ADJ
ftr-433	1270	3	(	(	PUNCT
ftr-433	1270	4	or	or	CCONJ
ftr-433	1270	5	economic	economic	ADJ
ftr-433	1270	6	)	)	PUNCT
ftr-433	1270	7	exemption	exemption	NOUN
ftr-433	1270	8	stems	stem	VERB
ftr-433	1270	9	from	from	ADP
ftr-433	1270	10	the	the	DET
ftr-433	1270	11	fact	fact	NOUN
ftr-433	1270	12	that	that	SCONJ
ftr-433	1270	13	the	the	DET
ftr-433	1270	14	return	return	NOUN
ftr-433	1270	15	on	on	ADP
ftr-433	1270	16	after	after	ADP
ftr-433	1270	17	-	-	PUNCT
ftr-433	1270	18	tax	tax	NOUN
ftr-433	1270	19	investment	investment	NOUN
ftr-433	1270	20	of	of	ADP
ftr-433	1270	21	$	$	SYM
ftr-433	1270	22	50	50	NUM
ftr-433	1270	23	,	,	PUNCT
ftr-433	1270	24	both	both	CCONJ
ftr-433	1270	25	in	in	ADP
ftr-433	1270	26	economic	economic	ADJ
ftr-433	1270	27	and	and	CCONJ
ftr-433	1270	28	financial	financial	ADJ
ftr-433	1270	29	terms	term	NOUN
ftr-433	1270	30	,	,	PUNCT
ftr-433	1270	31	is	be	AUX
ftr-433	1270	32	10	10	NUM
ftr-433	1270	33	%	%	NOUN
ftr-433	1270	34	compounded	compound	VERB
ftr-433	1270	35	over	over	ADP
ftr-433	1270	36	4	4	NUM
ftr-433	1270	37	years	year	NOUN
ftr-433	1270	38	,	,	PUNCT
ftr-433	1270	39	despite	despite	SCONJ
ftr-433	1270	40	a	a	DET
ftr-433	1270	41	50	50	NUM
ftr-433	1270	42	%	%	NOUN
ftr-433	1270	43	tax	tax	NOUN
ftr-433	1270	44	rate	rate	NOUN
ftr-433	1270	45	.	.	PUNCT
ftr-433	1271	1	see	see	VERB
ftr-433	1271	2	discussion	discussion	NOUN
ftr-433	1271	3	supra	supra	PROPN
ftr-433	1271	4	note	note	PROPN
ftr-433	1271	5	128	128	NUM
ftr-433	1271	6	and	and	CCONJ
ftr-433	1271	7	accompanying	accompany	VERB
ftr-433	1271	8	text	text	NOUN
ftr-433	1271	9	.	.	PUNCT
ftr-433	1272	1	the	the	DET
ftr-433	1272	2	financial	financial	ADJ
ftr-433	1272	3	exemption	exemption	NOUN
ftr-433	1272	4	stems	stem	VERB
ftr-433	1272	5	from	from	ADP
ftr-433	1272	6	the	the	DET
ftr-433	1272	7	fact	fact	NOUN
ftr-433	1272	8	that	that	SCONJ
ftr-433	1272	9	the	the	DET
ftr-433	1272	10	pre	pre	NOUN
ftr-433	1272	11	-	-	NOUN
ftr-433	1272	12	tax	tax	NOUN
ftr-433	1272	13	and	and	CCONJ
ftr-433	1272	14	after	after	ADP
ftr-433	1272	15	-	-	PUNCT
ftr-433	1272	16	tax	tax	NOUN
ftr-433	1272	17	irr	irr	NOUN
ftr-433	1272	18	’s	’s	PART
ftr-433	1272	19	are	be	AUX
ftr-433	1272	20	identical	identical	ADJ
ftr-433	1272	21	–	–	PUNCT
ftr-433	1272	22	10	10	NUM
ftr-433	1272	23	%	%	NOUN
ftr-433	1272	24	.	.	PUNCT
ftr-433	1273	1	investment	investment	NOUN
ftr-433	1273	2	yields	yield	VERB
ftr-433	1273	3	the	the	DET
ftr-433	1273	4	same	same	ADJ
ftr-433	1273	5	type	type	NOUN
ftr-433	1273	6	of	of	ADP
ftr-433	1273	7	nominal	nominal	ADJ
ftr-433	1273	8	and	and	CCONJ
ftr-433	1273	9	financial	financial	ADJ
ftr-433	1273	10	return	return	NOUN
ftr-433	1273	11	as	as	ADP
ftr-433	1273	12	the	the	DET
ftr-433	1273	13	taxpayer	taxpayer	NOUN
ftr-433	1273	14	’s	’s	PART
ftr-433	1273	15	after	after	ADP
ftr-433	1273	16	-	-	PUNCT
ftr-433	1273	17	tax	tax	NOUN
ftr-433	1273	18	investment	investment	NOUN
ftr-433	1273	19	.	.	PUNCT
ftr-433	1274	1	since	since	SCONJ
ftr-433	1274	2	the	the	DET
ftr-433	1274	3	government	government	NOUN
ftr-433	1274	4	’s	’s	PART
ftr-433	1274	5	portion	portion	NOUN
ftr-433	1274	6	of	of	ADP
ftr-433	1274	7	the	the	DET
ftr-433	1274	8	financial	financial	ADJ
ftr-433	1274	9	results	result	NOUN
ftr-433	1274	10	comes	come	VERB
ftr-433	1274	11	from	from	ADP
ftr-433	1274	12	the	the	DET
ftr-433	1274	13	amount	amount	NOUN
ftr-433	1274	14	of	of	ADP
ftr-433	1274	15	the	the	DET
ftr-433	1274	16	initial	initial	ADJ
ftr-433	1274	17	investment	investment	NOUN
ftr-433	1274	18	times	time	NOUN
ftr-433	1274	19	the	the	DET
ftr-433	1274	20	tax	tax	NOUN
ftr-433	1274	21	rate	rate	NOUN
ftr-433	1274	22	(	(	PUNCT
ftr-433	1274	23	i	i	NOUN
ftr-433	1274	24	x	x	PROPN
ftr-433	1274	25	t	t	PROPN
ftr-433	1274	26	)	)	PUNCT
ftr-433	1274	27	,	,	PUNCT
ftr-433	1274	28	the	the	DET
ftr-433	1274	29	government	government	NOUN
ftr-433	1274	30	’s	’s	PART
ftr-433	1274	31	portion	portion	NOUN
ftr-433	1274	32	of	of	ADP
ftr-433	1274	33	the	the	DET
ftr-433	1274	34	investment	investment	NOUN
ftr-433	1274	35	yield	yield	NOUN
ftr-433	1274	36	is	be	AUX
ftr-433	1274	37	equal	equal	ADJ
ftr-433	1274	38	to	to	ADP
ftr-433	1274	39	(	(	PUNCT
ftr-433	1274	40	i	i	NOUN
ftr-433	1274	41	x	x	X
ftr-433	1274	42	y	y	NOUN
ftr-433	1274	43	)	)	PUNCT
ftr-433	1274	44	x	x	SYM
ftr-433	1274	45	t	t	PROPN
ftr-433	1274	46	,	,	PUNCT
ftr-433	1274	47	or	or	CCONJ
ftr-433	1274	48	ptcf	ptcf	NOUN
ftr-433	1274	49	x	x	PUNCT
ftr-433	1274	50	t.	t.	NOUN
ftr-433	1274	51	in	in	ADP
ftr-433	1274	52	a	a	DET
ftr-433	1274	53	state	state	NOUN
ftr-433	1274	54	of	of	ADP
ftr-433	1274	55	financial	financial	ADJ
ftr-433	1274	56	equilibrium	equilibrium	NOUN
ftr-433	1274	57	,	,	PUNCT
ftr-433	1274	58	where	where	SCONJ
ftr-433	1274	59	the	the	DET
ftr-433	1274	60	yield	yield	NOUN
ftr-433	1274	61	rate	rate	NOUN
ftr-433	1274	62	equals	equal	VERB
ftr-433	1274	63	the	the	DET
ftr-433	1274	64	pretax	pretax	ADJ
ftr-433	1274	65	discount	discount	NOUN
ftr-433	1274	66	rate	rate	NOUN
ftr-433	1274	67	,	,	PUNCT
ftr-433	1274	68	both	both	DET
ftr-433	1274	69	parties	party	NOUN
ftr-433	1274	70	’	’	PART
ftr-433	1274	71	investment	investment	NOUN
ftr-433	1274	72	and	and	CCONJ
ftr-433	1274	73	yield	yield	NOUN
ftr-433	1274	74	equations	equation	NOUN
ftr-433	1274	75	offset	offset	VERB
ftr-433	1274	76	each	each	DET
ftr-433	1274	77	other	other	ADJ
ftr-433	1274	78	in	in	ADP
ftr-433	1274	79	pre	pre	ADJ
ftr-433	1274	80	-	-	ADJ
ftr-433	1274	81	tax	tax	ADJ
ftr-433	1274	82	present	present	ADJ
ftr-433	1274	83	value	value	NOUN
ftr-433	1274	84	terms	term	NOUN
ftr-433	1274	85	.	.	PUNCT
ftr-433	1275	1	so	so	ADV
ftr-433	1275	2	,	,	PUNCT
ftr-433	1275	3	for	for	ADP
ftr-433	1275	4	example	example	NOUN
ftr-433	1275	5	,	,	PUNCT
ftr-433	1275	6	the	the	DET
ftr-433	1275	7	taxpayer	taxpayer	NOUN
ftr-433	1275	8	essentially	essentially	ADV
ftr-433	1275	9	invests	invest	VERB
ftr-433	1275	10	$	$	SYM
ftr-433	1275	11	100	100	NUM
ftr-433	1275	12	before	before	ADP
ftr-433	1275	13	tax	tax	NOUN
ftr-433	1275	14	and	and	CCONJ
ftr-433	1275	15	earns	earn	VERB
ftr-433	1275	16	a	a	DET
ftr-433	1275	17	10	10	NUM
ftr-433	1275	18	%	%	NOUN
ftr-433	1275	19	return	return	NOUN
ftr-433	1275	20	on	on	ADP
ftr-433	1275	21	that	that	DET
ftr-433	1275	22	investment	investment	NOUN
ftr-433	1275	23	,	,	PUNCT
ftr-433	1275	24	which	which	PRON
ftr-433	1275	25	gives	give	VERB
ftr-433	1275	26	the	the	DET
ftr-433	1275	27	investment	investment	NOUN
ftr-433	1275	28	a	a	DET
ftr-433	1275	29	npv	npv	NOUN
ftr-433	1275	30	of	of	ADP
ftr-433	1275	31	zero	zero	NUM
ftr-433	1275	32	using	use	VERB
ftr-433	1275	33	the	the	DET
ftr-433	1275	34	pre	pre	ADJ
ftr-433	1275	35	-	-	ADJ
ftr-433	1275	36	tax	tax	ADJ
ftr-433	1275	37	discount	discount	NOUN
ftr-433	1275	38	rate	rate	NOUN
ftr-433	1275	39	of	of	ADP
ftr-433	1275	40	10	10	NUM
ftr-433	1275	41	%	%	NOUN
ftr-433	1275	42	.	.	PUNCT
ftr-433	1276	1	but	but	CCONJ
ftr-433	1276	2	,	,	PUNCT
ftr-433	1276	3	the	the	DET
ftr-433	1276	4	taxpayer	taxpayer	NOUN
ftr-433	1276	5	only	only	ADV
ftr-433	1276	6	invests	invest	VERB
ftr-433	1276	7	$	$	SYM
ftr-433	1276	8	50	50	NUM
ftr-433	1276	9	after	after	ADP
ftr-433	1276	10	tax	tax	NOUN
ftr-433	1276	11	,	,	PUNCT
ftr-433	1276	12	and	and	CCONJ
ftr-433	1276	13	earns	earn	VERB
ftr-433	1276	14	a	a	DET
ftr-433	1276	15	10	10	NUM
ftr-433	1276	16	%	%	NOUN
ftr-433	1276	17	return	return	NOUN
ftr-433	1276	18	on	on	ADP
ftr-433	1276	19	that	that	DET
ftr-433	1276	20	amount	amount	NOUN
ftr-433	1276	21	,	,	PUNCT
ftr-433	1276	22	which	which	PRON
ftr-433	1276	23	has	have	VERB
ftr-433	1276	24	a	a	DET
ftr-433	1276	25	npv	npv	NOUN
ftr-433	1276	26	of	of	ADP
ftr-433	1276	27	$	$	SYM
ftr-433	1276	28	5.93	5.93	NUM
ftr-433	1276	29	using	use	VERB
ftr-433	1276	30	the	the	DET
ftr-433	1276	31	after	after	ADP
ftr-433	1276	32	-	-	PUNCT
ftr-433	1276	33	tax	tax	NOUN
ftr-433	1276	34	discount	discount	NOUN
ftr-433	1276	35	rate	rate	NOUN
ftr-433	1276	36	of	of	ADP
ftr-433	1276	37	5	5	NUM
ftr-433	1276	38	%	%	NOUN
ftr-433	1276	39	,	,	PUNCT
ftr-433	1276	40	or	or	CCONJ
ftr-433	1276	41	y	y	PROPN
ftr-433	1276	42	x	x	SYM
ftr-433	1276	43	(	(	PUNCT
ftr-433	1276	44	1	1	NUM
ftr-433	1276	45	–	–	PUNCT
ftr-433	1276	46	t	t	NOUN
ftr-433	1276	47	)	)	PUNCT
ftr-433	1276	48	.	.	PUNCT
ftr-433	1277	1	in	in	ADP
ftr-433	1277	2	other	other	ADJ
ftr-433	1277	3	words	word	NOUN
ftr-433	1277	4	,	,	PUNCT
ftr-433	1277	5	the	the	DET
ftr-433	1277	6	formula	formula	NOUN
ftr-433	1277	7	for	for	ADP
ftr-433	1277	8	the	the	DET
ftr-433	1277	9	pre	pre	ADJ
ftr-433	1277	10	-	-	ADJ
ftr-433	1277	11	tax	tax	ADJ
ftr-433	1277	12	equilibrium	equilibrium	NOUN
ftr-433	1277	13	is	be	AUX
ftr-433	1277	14	:	:	PUNCT
ftr-433	1277	15	invest	invest	VERB
ftr-433	1277	16	=	=	PUNCT
ftr-433	1277	17	invest	invest	VERB
ftr-433	1277	18	x	x	PUNCT
ftr-433	1277	19	y	y	NOUN
ftr-433	1277	20	while	while	SCONJ
ftr-433	1277	21	the	the	DET
ftr-433	1277	22	formula	formula	NOUN
ftr-433	1277	23	for	for	ADP
ftr-433	1277	24	the	the	DET
ftr-433	1277	25	after	after	ADP
ftr-433	1277	26	-	-	PUNCT
ftr-433	1277	27	tax	tax	NOUN
ftr-433	1277	28	equilibrium	equilibrium	NOUN
ftr-433	1277	29	is	be	AUX
ftr-433	1277	30	:	:	PUNCT
ftr-433	1277	31	invest	invest	VERB
ftr-433	1277	32	x	x	SYM
ftr-433	1277	33	(	(	PUNCT
ftr-433	1277	34	1	1	NUM
ftr-433	1277	35	–	–	PUNCT
ftr-433	1277	36	t	t	NOUN
ftr-433	1277	37	)	)	PUNCT
ftr-433	1277	38	=	=	PUNCT
ftr-433	1278	1	[	[	X
ftr-433	1278	2	invest	inv	ADJ
ftr-433	1278	3	x	x	SYM
ftr-433	1278	4	(	(	PUNCT
ftr-433	1278	5	1	1	NUM
ftr-433	1278	6	–	–	PUNCT
ftr-433	1278	7	t	t	NOUN
ftr-433	1278	8	)	)	PUNCT
ftr-433	1278	9	]	]	PUNCT
ftr-433	1279	1	x	x	X
ftr-433	1279	2	y(1	y(1	PROPN
ftr-433	1279	3	–	–	PUNCT
ftr-433	1279	4	t	t	PROPN
ftr-433	1279	5	)	)	PUNCT
ftr-433	1279	6	the	the	DET
ftr-433	1279	7	two	two	NUM
ftr-433	1279	8	formulas	formula	NOUN
ftr-433	1279	9	are	be	AUX
ftr-433	1279	10	identical	identical	ADJ
ftr-433	1279	11	if	if	SCONJ
ftr-433	1279	12	the	the	DET
ftr-433	1279	13	factor	factor	NOUN
ftr-433	1279	14	(	(	PUNCT
ftr-433	1279	15	1	1	NUM
ftr-433	1279	16	t	t	NOUN
ftr-433	1279	17	)	)	PUNCT
ftr-433	1279	18	is	be	AUX
ftr-433	1279	19	factored	factor	VERB
ftr-433	1279	20	out	out	ADP
ftr-433	1279	21	of	of	ADP
ftr-433	1279	22	the	the	DET
ftr-433	1279	23	second	second	ADJ
ftr-433	1279	24	formula	formula	NOUN
ftr-433	1279	25	.	.	PUNCT
ftr-433	1280	1	this	this	DET
ftr-433	1280	2	interpretation	interpretation	NOUN
ftr-433	1280	3	is	be	AUX
ftr-433	1280	4	supported	support	VERB
ftr-433	1280	5	by	by	ADP
ftr-433	1280	6	the	the	DET
ftr-433	1280	7	fact	fact	NOUN
ftr-433	1280	8	that	that	SCONJ
ftr-433	1280	9	both	both	CCONJ
ftr-433	1280	10	the	the	DET
ftr-433	1280	11	ptcf	ptcf	NOUN
ftr-433	1280	12	and	and	CCONJ
ftr-433	1280	13	the	the	DET
ftr-433	1280	14	atcf	atcf	NOUN
ftr-433	1280	15	have	have	AUX
ftr-433	1280	16	an	an	DET
ftr-433	1280	17	irr	irr	NOUN
ftr-433	1280	18	of	of	ADP
ftr-433	1280	19	10	10	NUM
ftr-433	1280	20	%	%	NOUN
ftr-433	1280	21	.	.	PUNCT
ftr-433	1281	1	in	in	ADP
ftr-433	1281	2	a	a	DET
ftr-433	1281	3	financial	financial	ADJ
ftr-433	1281	4	sense	sense	NOUN
ftr-433	1281	5	,	,	PUNCT
ftr-433	1281	6	cfit	cfit	NOUN
ftr-433	1281	7	base	base	NOUN
ftr-433	1281	8	accounting172	accounting172	PROPN
ftr-433	1281	9	reflects	reflect	VERB
ftr-433	1281	10	parallel	parallel	ADJ
ftr-433	1281	11	but	but	CCONJ
ftr-433	1281	12	identical	identical	ADJ
ftr-433	1281	13	pre	pre	NOUN
ftr-433	1281	14	-	-	NOUN
ftr-433	1281	15	tax	tax	NOUN
ftr-433	1281	16	and	and	CCONJ
ftr-433	1281	17	after	after	ADP
ftr-433	1281	18	-	-	PUNCT
ftr-433	1281	19	tax	tax	NOUN
ftr-433	1281	20	dynamics	dynamic	NOUN
ftr-433	1281	21	that	that	PRON
ftr-433	1281	22	are	be	AUX
ftr-433	1281	23	related	relate	VERB
ftr-433	1281	24	by	by	ADP
ftr-433	1281	25	the	the	DET
ftr-433	1281	26	difference	difference	NOUN
ftr-433	1281	27	between	between	ADP
ftr-433	1281	28	the	the	DET
ftr-433	1281	29	yield	yield	NOUN
ftr-433	1281	30	rate	rate	NOUN
ftr-433	1281	31	and	and	CCONJ
ftr-433	1281	32	the	the	DET
ftr-433	1281	33	yield	yield	NOUN
ftr-433	1281	34	rate	rate	NOUN
ftr-433	1281	35	times	time	NOUN
ftr-433	1281	36	one	one	NUM
ftr-433	1281	37	minus	minus	ADP
ftr-433	1281	38	t	t	PROPN
ftr-433	1281	39	(	(	PUNCT
ftr-433	1281	40	y	y	NOUN
ftr-433	1281	41	x	x	PUNCT
ftr-433	1282	1	[	[	X
ftr-433	1282	2	1	1	NUM
ftr-433	1282	3	–	–	PUNCT
ftr-433	1282	4	t	t	NOUN
ftr-433	1282	5	]	]	PUNCT
ftr-433	1282	6	)	)	PUNCT
ftr-433	1282	7	.	.	PUNCT
ftr-433	1283	1	2	2	X
ftr-433	1283	2	.	.	PUNCT
ftr-433	1284	1	c	c	NOUN
ftr-433	1285	1	f	f	PROPN
ftr-433	1286	1	i	i	PRON
ftr-433	1286	2	t	t	VERB
ftr-433	1286	3	a	a	DET
ftr-433	1286	4	c	c	NOUN
ftr-433	1286	5	c	c	NOUN
ftr-433	1286	6	o	o	X
ftr-433	1286	7	u	u	NOUN
ftr-433	1286	8	n	n	ADP
ftr-433	1286	9	t	t	NOUN
ftr-433	1287	1	i	i	PRON
ftr-433	1287	2	n	n	ADV
ftr-433	1287	3	g	g	NOUN
ftr-433	1287	4	:	:	PUNCT
ftr-433	1287	5	f	f	PROPN
ftr-433	1288	1	i	i	PRON
ftr-433	1288	2	n	n	PROPN
ftr-433	1288	3	a	a	PRON
ftr-433	1288	4	n	n	NOUN
ftr-433	1288	5	c	c	NOUN
ftr-433	1288	6	i	i	PRON
ftr-433	1288	7	a	a	DET
ftr-433	1288	8	l	l	NOUN
ftr-433	1288	9	a	a	DET
ftr-433	1288	10	c	c	NOUN
ftr-433	1288	11	c	c	NOUN
ftr-433	1288	12	u	u	NOUN
ftr-433	1288	13	r	r	NOUN
ftr-433	1288	14	a	a	NOUN
ftr-433	1288	15	c	c	NOUN
ftr-433	1288	16	y	y	PROPN
ftr-433	1288	17	a	a	DET
ftr-433	1288	18	n	n	NOUN
ftr-433	1288	19	d	d	NOUN
ftr-433	1288	20	proportionality.—because	proportionality.—because	NOUN
ftr-433	1288	21	cfit	cfit	NOUN
ftr-433	1288	22	base	base	NOUN
ftr-433	1288	23	structural	structural	ADJ
ftr-433	1288	24	and	and	CCONJ
ftr-433	1288	25	accounting	accounting	NOUN
ftr-433	1288	26	principles	principle	NOUN
ftr-433	1288	27	ignore	ignore	VERB
ftr-433	1288	28	asset	asset	NOUN
ftr-433	1288	29	value	value	NOUN
ftr-433	1288	30	and	and	CCONJ
ftr-433	1288	31	do	do	AUX
ftr-433	1288	32	not	not	PART
ftr-433	1288	33	require	require	VERB
ftr-433	1288	34	keeping	keep	VERB
ftr-433	1288	35	an	an	DET
ftr-433	1288	36	investment	investment	NOUN
ftr-433	1288	37	cost	cost	NOUN
ftr-433	1288	38	account	account	NOUN
ftr-433	1288	39	such	such	ADJ
ftr-433	1288	40	as	as	ADP
ftr-433	1288	41	basis	basis	NOUN
ftr-433	1288	42	in	in	ADP
ftr-433	1288	43	order	order	NOUN
ftr-433	1288	44	to	to	PART
ftr-433	1288	45	recover	recover	VERB
ftr-433	1288	46	capital	capital	NOUN
ftr-433	1288	47	tax	tax	NOUN
ftr-433	1288	48	-	-	PUNCT
ftr-433	1288	49	free	free	ADJ
ftr-433	1288	50	,	,	PUNCT
ftr-433	1288	51	the	the	DET
ftr-433	1288	52	entire	entire	ADJ
ftr-433	1288	53	tax	tax	NOUN
ftr-433	1288	54	accounting	accounting	NOUN
ftr-433	1288	55	consists	consist	VERB
ftr-433	1288	56	of	of	ADP
ftr-433	1288	57	a	a	DET
ftr-433	1288	58	cash	cash	NOUN
ftr-433	1288	59	flow	flow	NOUN
ftr-433	1288	60	accounting	accounting	NOUN
ftr-433	1288	61	.	.	PUNCT
ftr-433	1289	1	as	as	ADP
ftr-433	1289	2	a	a	DET
ftr-433	1289	3	result	result	NOUN
ftr-433	1289	4	,	,	PUNCT
ftr-433	1289	5	the	the	DET
ftr-433	1289	6	tax	tax	NOUN
ftr-433	1289	7	consequences	consequence	NOUN
ftr-433	1289	8	of	of	ADP
ftr-433	1289	9	cfit	cfit	ADJ
ftr-433	1289	10	base	base	NOUN
ftr-433	1289	11	investments	investment	NOUN
ftr-433	1289	12	mirror	mirror	VERB
ftr-433	1289	13	the	the	DET
ftr-433	1289	14	financial	financial	ADJ
ftr-433	1289	15	consequences	consequence	NOUN
ftr-433	1289	16	of	of	ADP
ftr-433	1289	17	those	those	DET
ftr-433	1289	18	investments	investment	NOUN
ftr-433	1289	19	.	.	PUNCT
ftr-433	1290	1	for	for	ADP
ftr-433	1290	2	1example	1example	NUM
ftr-433	1290	3	,	,	PUNCT
ftr-433	1290	4	table	table	NOUN
ftr-433	1290	5	17	17	NUM
ftr-433	1290	6	above	above	ADV
ftr-433	1290	7	shows	show	VERB
ftr-433	1290	8	that	that	SCONJ
ftr-433	1290	9	the	the	DET
ftr-433	1290	10	taxpayer	taxpayer	NOUN
ftr-433	1290	11	pre	pre	ADJ
ftr-433	1290	12	-	-	ADJ
ftr-433	1290	13	tax	tax	ADJ
ftr-433	1290	14	hurdle	hurdle	NOUN
ftr-433	1290	15	rate	rate	NOUN
ftr-433	1290	16	(	(	PUNCT
ftr-433	1290	17	h	h	NOUN
ftr-433	1290	18	)	)	PUNCT
ftr-433	1290	19	in	in	ADP
ftr-433	1290	20	a	a	DET
ftr-433	1290	21	1	1	NUM
ftr-433	1290	22	1cfit	1cfit	NUM
ftr-433	1290	23	base	base	NOUN
ftr-433	1290	24	equals	equal	VERB
ftr-433	1290	25	the	the	DET
ftr-433	1290	26	pre	pre	ADJ
ftr-433	1290	27	-	-	ADJ
ftr-433	1290	28	tax	tax	ADJ
ftr-433	1290	29	discount	discount	NOUN
ftr-433	1290	30	rate	rate	NOUN
ftr-433	1290	31	(	(	PUNCT
ftr-433	1290	32	d	d	NOUN
ftr-433	1290	33	)	)	PUNCT
ftr-433	1290	34	because	because	SCONJ
ftr-433	1290	35	the	the	DET
ftr-433	1290	36	npv	npv	NOUN
ftr-433	1290	37	of	of	ADP
ftr-433	1290	38	the	the	DET
ftr-433	1290	39	atcf	atcf	NOUN
ftr-433	1290	40	528	528	NUM
ftr-433	1290	41	florida	florida	PROPN
ftr-433	1290	42	tax	tax	NOUN
ftr-433	1290	43	review	review	NOUN
ftr-433	1291	1	[	[	X
ftr-433	1291	2	vol	vol	NOUN
ftr-433	1291	3	.	.	PUNCT
ftr-433	1291	4	5:7	5:7	NUM
ftr-433	1291	5	173	173	NUM
ftr-433	1291	6	.	.	PUNCT
ftr-433	1292	1	at	at	ADP
ftr-433	1292	2	yield	yield	NOUN
ftr-433	1292	3	rates	rate	NOUN
ftr-433	1292	4	below	below	ADP
ftr-433	1292	5	the	the	DET
ftr-433	1292	6	after	after	ADP
ftr-433	1292	7	-	-	PUNCT
ftr-433	1292	8	tax	tax	NOUN
ftr-433	1292	9	discount	discount	NOUN
ftr-433	1292	10	rate	rate	NOUN
ftr-433	1292	11	,	,	PUNCT
ftr-433	1292	12	the	the	DET
ftr-433	1292	13	after	after	ADP
ftr-433	1292	14	-	-	PUNCT
ftr-433	1292	15	tax	tax	NOUN
ftr-433	1292	16	present	present	ADJ
ftr-433	1292	17	value	value	NOUN
ftr-433	1292	18	of	of	ADP
ftr-433	1292	19	the	the	DET
ftr-433	1292	20	ptcf	ptcf	NOUN
ftr-433	1292	21	(	(	PUNCT
ftr-433	1292	22	and	and	CCONJ
ftr-433	1292	23	t.i	t.i	PROPN
ftr-433	1292	24	.	.	PROPN
ftr-433	1292	25	)	)	PUNCT
ftr-433	1292	26	becomes	become	VERB
ftr-433	1292	27	a	a	DET
ftr-433	1292	28	negative	negative	ADJ
ftr-433	1292	29	amount	amount	NOUN
ftr-433	1292	30	.	.	PUNCT
ftr-433	1293	1	that	that	DET
ftr-433	1293	2	negative	negative	ADJ
ftr-433	1293	3	amount	amount	NOUN
ftr-433	1293	4	is	be	AUX
ftr-433	1293	5	also	also	ADV
ftr-433	1293	6	allocated	allocate	VERB
ftr-433	1293	7	between	between	ADP
ftr-433	1293	8	tax	tax	NOUN
ftr-433	1293	9	paid	pay	VERB
ftr-433	1293	10	and	and	CCONJ
ftr-433	1293	11	atcf	atcf	VERB
ftr-433	1293	12	in	in	ADP
ftr-433	1293	13	the	the	DET
ftr-433	1293	14	ratio	ratio	NOUN
ftr-433	1293	15	of	of	ADP
ftr-433	1293	16	the	the	DET
ftr-433	1293	17	tax	tax	NOUN
ftr-433	1293	18	rate	rate	NOUN
ftr-433	1293	19	.	.	PUNCT
ftr-433	1294	1	1	1	NUM
ftr-433	1294	2	1	1	NUM
ftr-433	1294	3	in	in	ADP
ftr-433	1294	4	that	that	DET
ftr-433	1294	5	table	table	NOUN
ftr-433	1294	6	equals	equal	VERB
ftr-433	1294	7	zero	zero	NUM
ftr-433	1294	8	.	.	PUNCT
ftr-433	1295	1	the	the	DET
ftr-433	1295	2	equivalence	equivalence	NOUN
ftr-433	1295	3	of	of	ADP
ftr-433	1295	4	h	h	NOUN
ftr-433	1295	5	and	and	CCONJ
ftr-433	1295	6	d	d	NOUN
ftr-433	1295	7	suggests	suggest	VERB
ftr-433	1295	8	that	that	SCONJ
ftr-433	1295	9	the	the	DET
ftr-433	1295	10	after2	after2	NOUN
ftr-433	1295	11	2	2	NUM
ftr-433	1295	12	1tax	1tax	NUM
ftr-433	1295	13	hurdle	hurdle	NOUN
ftr-433	1295	14	rate	rate	NOUN
ftr-433	1295	15	(	(	PUNCT
ftr-433	1295	16	h	h	NOUN
ftr-433	1295	17	)	)	PUNCT
ftr-433	1295	18	should	should	AUX
ftr-433	1295	19	equal	equal	VERB
ftr-433	1295	20	the	the	DET
ftr-433	1295	21	after	after	ADP
ftr-433	1295	22	-	-	PUNCT
ftr-433	1295	23	tax	tax	NOUN
ftr-433	1295	24	discount	discount	NOUN
ftr-433	1295	25	rate	rate	NOUN
ftr-433	1295	26	(	(	PUNCT
ftr-433	1295	27	d	d	NOUN
ftr-433	1295	28	)	)	PUNCT
ftr-433	1295	29	,	,	PUNCT
ftr-433	1295	30	or	or	CCONJ
ftr-433	1295	31	d	d	NOUN
ftr-433	1295	32	x	x	SYM
ftr-433	1295	33	1	1	NUM
ftr-433	1295	34	–	–	PUNCT
ftr-433	1295	35	t.	t.	NOUN
ftr-433	1295	36	as	as	ADP
ftr-433	1295	37	table	table	NOUN
ftr-433	1295	38	18	18	NUM
ftr-433	1295	39	below	below	ADP
ftr-433	1295	40	shows	show	NOUN
ftr-433	1295	41	,	,	PUNCT
ftr-433	1295	42	this	this	PRON
ftr-433	1295	43	is	be	AUX
ftr-433	1295	44	true	true	ADJ
ftr-433	1295	45	in	in	ADP
ftr-433	1295	46	the	the	DET
ftr-433	1295	47	context	context	NOUN
ftr-433	1295	48	of	of	ADP
ftr-433	1295	49	the	the	DET
ftr-433	1295	50	investment	investment	NOUN
ftr-433	1295	51	model	model	NOUN
ftr-433	1295	52	where	where	SCONJ
ftr-433	1295	53	the	the	DET
ftr-433	1295	54	tax	tax	NOUN
ftr-433	1295	55	rate	rate	NOUN
ftr-433	1295	56	is	be	AUX
ftr-433	1295	57	50	50	NUM
ftr-433	1295	58	%	%	NOUN
ftr-433	1295	59	,	,	PUNCT
ftr-433	1295	60	because	because	SCONJ
ftr-433	1295	61	when	when	SCONJ
ftr-433	1295	62	the	the	DET
ftr-433	1295	63	yield	yield	NOUN
ftr-433	1295	64	rate	rate	NOUN
ftr-433	1295	65	is	be	AUX
ftr-433	1295	66	reduced	reduce	VERB
ftr-433	1295	67	to	to	ADP
ftr-433	1295	68	5	5	NUM
ftr-433	1295	69	%	%	NOUN
ftr-433	1295	70	2	2	NUM
ftr-433	1295	71	2(d	2(d	NUM
ftr-433	1295	72	)	)	PUNCT
ftr-433	1295	73	,	,	PUNCT
ftr-433	1295	74	the	the	DET
ftr-433	1295	75	npv	npv	NOUN
ftr-433	1295	76	of	of	ADP
ftr-433	1295	77	the	the	DET
ftr-433	1295	78	atcf	atcf	NOUN
ftr-433	1295	79	does	do	AUX
ftr-433	1295	80	indeed	indeed	ADV
ftr-433	1295	81	become	become	VERB
ftr-433	1295	82	$	$	SYM
ftr-433	1295	83	0.00	0.00	NUM
ftr-433	1295	84	.	.	PUNCT
ftr-433	1296	1	because	because	SCONJ
ftr-433	1296	2	both	both	DET
ftr-433	1296	3	hurdle173	hurdle173	PROPN
ftr-433	1296	4	rates	rate	NOUN
ftr-433	1296	5	coincide	coincide	VERB
ftr-433	1296	6	with	with	ADP
ftr-433	1296	7	the	the	DET
ftr-433	1296	8	relevant	relevant	ADJ
ftr-433	1296	9	discount	discount	NOUN
ftr-433	1296	10	rate	rate	NOUN
ftr-433	1296	11	(	(	PUNCT
ftr-433	1296	12	pre	pre	NOUN
ftr-433	1296	13	-	-	NOUN
ftr-433	1296	14	tax	tax	NOUN
ftr-433	1296	15	and	and	CCONJ
ftr-433	1296	16	after	after	ADP
ftr-433	1296	17	-	-	PUNCT
ftr-433	1296	18	tax	tax	NOUN
ftr-433	1296	19	)	)	PUNCT
ftr-433	1296	20	,	,	PUNCT
ftr-433	1296	21	cfit	cfit	NOUN
ftr-433	1296	22	base	base	NOUN
ftr-433	1296	23	taxable	taxable	ADJ
ftr-433	1296	24	income	income	NOUN
ftr-433	1296	25	coincides	coincide	VERB
ftr-433	1296	26	exactly	exactly	ADV
ftr-433	1296	27	with	with	ADP
ftr-433	1296	28	financial	financial	ADJ
ftr-433	1296	29	income	income	NOUN
ftr-433	1296	30	,	,	PUNCT
ftr-433	1296	31	and	and	CCONJ
ftr-433	1296	32	the	the	DET
ftr-433	1296	33	financial	financial	ADJ
ftr-433	1296	34	characteristics	characteristic	NOUN
ftr-433	1296	35	of	of	ADP
ftr-433	1296	36	investments	investment	NOUN
ftr-433	1296	37	after	after	ADP
ftr-433	1296	38	-	-	PUNCT
ftr-433	1296	39	tax	tax	NOUN
ftr-433	1296	40	coincide	coincide	NOUN
ftr-433	1296	41	with	with	ADP
ftr-433	1296	42	the	the	DET
ftr-433	1296	43	financial	financial	ADJ
ftr-433	1296	44	characteristics	characteristic	NOUN
ftr-433	1296	45	of	of	ADP
ftr-433	1296	46	those	those	DET
ftr-433	1296	47	investments	investment	NOUN
ftr-433	1296	48	before	before	ADP
ftr-433	1296	49	tax	tax	NOUN
ftr-433	1296	50	.	.	PUNCT
ftr-433	1297	1	table	table	NOUN
ftr-433	1297	2	18	18	NUM
ftr-433	1297	3	:	:	PUNCT
ftr-433	1297	4	$	$	SYM
ftr-433	1297	5	100	100	NUM
ftr-433	1297	6	investment	investment	NOUN
ftr-433	1297	7	subject	subject	NOUN
ftr-433	1297	8	to	to	ADP
ftr-433	1297	9	expensing	expense	VERB
ftr-433	1297	10	in	in	ADP
ftr-433	1297	11	a	a	DET
ftr-433	1297	12	cfit	cfit	NOUN
ftr-433	1297	13	base	base	NOUN
ftr-433	1297	14	at	at	ADP
ftr-433	1297	15	after	after	ADP
ftr-433	1297	16	-	-	PUNCT
ftr-433	1297	17	tax	tax	NOUN
ftr-433	1297	18	hurdle	hurdle	NOUN
ftr-433	1297	19	rate	rate	NOUN
ftr-433	1297	20	(	(	PUNCT
ftr-433	1297	21	5	5	NUM
ftr-433	1297	22	%	%	NOUN
ftr-433	1297	23	)	)	PUNCT
ftr-433	1297	24	ptcf	ptcf	PROPN
ftr-433	1297	25	t.i	t.i	PROPN
ftr-433	1297	26	.	.	PROPN
ftr-433	1297	27	tax	tax	PROPN
ftr-433	1297	28	atcf	atcf	PROPN
ftr-433	1297	29	etr	etr	PROPN
ftr-433	1297	30	time	time	NOUN
ftr-433	1297	31	0	0	NUM
ftr-433	1298	1	-100.00	-100.00	PROPN
ftr-433	1298	2	-100.00	-100.00	PROPN
ftr-433	1298	3	-50.00	-50.00	PUNCT
ftr-433	1298	4	-50.00	-50.00	PUNCT
ftr-433	1298	5	tot	tot	VERB
ftr-433	1298	6	yrs	yrs	NOUN
ftr-433	1298	7	1	1	NUM
ftr-433	1298	8	-	-	SYM
ftr-433	1298	9	4	4	NUM
ftr-433	1298	10	112.80	112.80	NUM
ftr-433	1298	11	112.80	112.80	NUM
ftr-433	1298	12	56.40	56.40	NUM
ftr-433	1298	13	56.40	56.40	NUM
ftr-433	1298	14	net	net	ADJ
ftr-433	1298	15	yrs	yr	NOUN
ftr-433	1298	16	0	0	NUM
ftr-433	1298	17	–	–	PUNCT
ftr-433	1298	18	4	4	NUM
ftr-433	1298	19	12.80	12.80	NUM
ftr-433	1298	20	12.80	12.80	NUM
ftr-433	1298	21	6.40	6.40	NUM
ftr-433	1298	22	6.40	6.40	NUM
ftr-433	1298	23	1npv	1npv	NUM
ftr-433	1298	24	@	@	ADP
ftr-433	1298	25	10	10	NUM
ftr-433	1298	26	%	%	NOUN
ftr-433	1298	27	10.61	10.61	NUM
ftr-433	1298	28	89.39	89.39	NUM
ftr-433	1298	29	-5.30	-5.30	NOUN
ftr-433	1298	30	-5.30	-5.30	PROPN
ftr-433	1298	31	2npv	2npv	NOUN
ftr-433	1298	32	@	@	ADP
ftr-433	1298	33	5	5	NUM
ftr-433	1298	34	%	%	NOUN
ftr-433	1298	35	0.00	0.00	NUM
ftr-433	1298	36	0.00	0.00	NUM
ftr-433	1298	37	0.00	0.00	NUM
ftr-433	1298	38	0.00	0.00	NUM
ftr-433	1298	39	0	0	NUM
ftr-433	1298	40	%	%	NOUN
ftr-433	1298	41	irr	irr	NOUN
ftr-433	1298	42	5.00	5.00	NUM
ftr-433	1298	43	%	%	NOUN
ftr-433	1298	44	5.00	5.00	NUM
ftr-433	1298	45	%	%	NOUN
ftr-433	1298	46	0	0	NUM
ftr-433	1298	47	%	%	NOUN
ftr-433	1298	48	the	the	DET
ftr-433	1298	49	perfect	perfect	ADJ
ftr-433	1298	50	proportionality	proportionality	NOUN
ftr-433	1298	51	of	of	ADP
ftr-433	1298	52	cfit	cfit	ADJ
ftr-433	1298	53	base	base	NOUN
ftr-433	1298	54	accounting	accounting	NOUN
ftr-433	1298	55	also	also	ADV
ftr-433	1298	56	suggests	suggest	VERB
ftr-433	1298	57	that	that	SCONJ
ftr-433	1298	58	npv	npv	NOUN
ftr-433	1298	59	effective	effective	ADJ
ftr-433	1298	60	tax	tax	NOUN
ftr-433	1298	61	rates	rate	NOUN
ftr-433	1298	62	should	should	AUX
ftr-433	1298	63	coincide	coincide	VERB
ftr-433	1298	64	with	with	ADP
ftr-433	1298	65	nominal	nominal	ADJ
ftr-433	1298	66	tax	tax	NOUN
ftr-433	1298	67	rates	rate	NOUN
ftr-433	1298	68	at	at	ADP
ftr-433	1298	69	tax	tax	NOUN
ftr-433	1298	70	rates	rate	NOUN
ftr-433	1298	71	other	other	ADJ
ftr-433	1298	72	than	than	ADP
ftr-433	1298	73	50	50	NUM
ftr-433	1298	74	%	%	NOUN
ftr-433	1298	75	or	or	CCONJ
ftr-433	1298	76	at	at	ADP
ftr-433	1298	77	yield	yield	NOUN
ftr-433	1298	78	rates	rate	NOUN
ftr-433	1298	79	greater	great	ADJ
ftr-433	1298	80	than	than	ADP
ftr-433	1298	81	the	the	DET
ftr-433	1298	82	pre	pre	ADJ
ftr-433	1298	83	-	-	ADJ
ftr-433	1298	84	tax	tax	ADJ
ftr-433	1298	85	hurdle	hurdle	NOUN
ftr-433	1298	86	rate	rate	NOUN
ftr-433	1298	87	.	.	PUNCT
ftr-433	1299	1	figure	figure	NOUN
ftr-433	1299	2	3	3	NUM
ftr-433	1299	3	below	below	ADV
ftr-433	1299	4	confirms	confirm	VERB
ftr-433	1299	5	the	the	DET
ftr-433	1299	6	first	first	ADJ
ftr-433	1299	7	point	point	NOUN
ftr-433	1299	8	,	,	PUNCT
ftr-433	1299	9	and	and	CCONJ
ftr-433	1299	10	figure	figure	VERB
ftr-433	1299	11	4	4	NUM
ftr-433	1299	12	below	below	ADV
ftr-433	1299	13	confirms	confirm	VERB
ftr-433	1299	14	the	the	DET
ftr-433	1299	15	second	second	NOUN
ftr-433	1299	16	.	.	PUNCT
ftr-433	1300	1	2002	2002	NUM
ftr-433	1300	2	]	]	PUNCT
ftr-433	1300	3	normative	normative	ADJ
ftr-433	1300	4	capital	capital	NOUN
ftr-433	1300	5	cost	cost	NOUN
ftr-433	1300	6	recovery	recovery	NOUN
ftr-433	1300	7	529	529	NUM
ftr-433	1300	8	figure	figure	NOUN
ftr-433	1300	9	3	3	NUM
ftr-433	1300	10	:	:	PUNCT
ftr-433	1300	11	npv	npv	PROPN
ftr-433	1300	12	etr	etr	PROPN
ftr-433	1300	13	at	at	ADP
ftr-433	1300	14	various	various	ADJ
ftr-433	1300	15	yield	yield	NOUN
ftr-433	1300	16	rates	rate	NOUN
ftr-433	1300	17	as	as	ADP
ftr-433	1300	18	figure	figure	NOUN
ftr-433	1300	19	3	3	NUM
ftr-433	1300	20	shows	show	NOUN
ftr-433	1300	21	,	,	PUNCT
ftr-433	1300	22	the	the	DET
ftr-433	1300	23	effective	effective	ADJ
ftr-433	1300	24	tax	tax	NOUN
ftr-433	1300	25	rate	rate	NOUN
ftr-433	1300	26	based	base	VERB
ftr-433	1300	27	on	on	ADP
ftr-433	1300	28	net	net	ADJ
ftr-433	1300	29	present	present	ADJ
ftr-433	1300	30	value	value	NOUN
ftr-433	1300	31	(	(	PUNCT
ftr-433	1300	32	npv	npv	PROPN
ftr-433	1300	33	etr	etr	PROPN
ftr-433	1300	34	)	)	PUNCT
ftr-433	1300	35	always	always	ADV
ftr-433	1300	36	equals	equal	VERB
ftr-433	1300	37	the	the	DET
ftr-433	1300	38	nominal	nominal	ADJ
ftr-433	1300	39	tax	tax	NOUN
ftr-433	1300	40	rate	rate	NOUN
ftr-433	1300	41	,	,	PUNCT
ftr-433	1300	42	regardless	regardless	ADV
ftr-433	1300	43	of	of	ADP
ftr-433	1300	44	the	the	DET
ftr-433	1300	45	yield	yield	NOUN
ftr-433	1300	46	rate	rate	NOUN
ftr-433	1300	47	produced	produce	VERB
ftr-433	1300	48	by	by	ADP
ftr-433	1300	49	a	a	DET
ftr-433	1300	50	short	short	ADV
ftr-433	1300	51	-	-	PUNCT
ftr-433	1300	52	lived	live	VERB
ftr-433	1300	53	“	"	PUNCT
ftr-433	1300	54	depreciable	depreciable	ADJ
ftr-433	1300	55	”	"	PUNCT
ftr-433	1300	56	asset	asset	NOUN
ftr-433	1300	57	.	.	PUNCT
ftr-433	1301	1	this	this	PRON
ftr-433	1301	2	occurs	occur	VERB
ftr-433	1301	3	because	because	SCONJ
ftr-433	1301	4	both	both	CCONJ
ftr-433	1301	5	nominal	nominal	ADJ
ftr-433	1301	6	and	and	CCONJ
ftr-433	1301	7	financial	financial	ADJ
ftr-433	1301	8	etr	etr	PROPN
ftr-433	1301	9	’s	’s	PART
ftr-433	1301	10	are	be	AUX
ftr-433	1301	11	proportional	proportional	ADJ
ftr-433	1301	12	to	to	ADP
ftr-433	1301	13	the	the	DET
ftr-433	1301	14	nominal	nominal	ADJ
ftr-433	1301	15	tax	tax	NOUN
ftr-433	1301	16	rate	rate	NOUN
ftr-433	1301	17	in	in	ADP
ftr-433	1301	18	a	a	DET
ftr-433	1301	19	cfit	cfit	NOUN
ftr-433	1301	20	base	base	NOUN
ftr-433	1301	21	.	.	PUNCT
ftr-433	1302	1	figure	figure	VERB
ftr-433	1302	2	4	4	NUM
ftr-433	1302	3	:	:	PUNCT
ftr-433	1302	4	npv	npv	PROPN
ftr-433	1302	5	etr	etr	PROPN
ftr-433	1302	6	at	at	ADP
ftr-433	1302	7	variable	variable	ADJ
ftr-433	1302	8	tax	tax	NOUN
ftr-433	1302	9	rates	rate	NOUN
ftr-433	1302	10	as	as	ADP
ftr-433	1302	11	figure	figure	NOUN
ftr-433	1302	12	4	4	NUM
ftr-433	1302	13	shows	show	NOUN
ftr-433	1302	14	,	,	PUNCT
ftr-433	1302	15	exact	exact	ADJ
ftr-433	1302	16	proportionality	proportionality	NOUN
ftr-433	1302	17	also	also	ADV
ftr-433	1302	18	persists	persist	VERB
ftr-433	1302	19	throughout	throughout	ADP
ftr-433	1302	20	the	the	DET
ftr-433	1302	21	range	range	NOUN
ftr-433	1302	22	of	of	ADP
ftr-433	1302	23	tax	tax	NOUN
ftr-433	1302	24	rates	rate	NOUN
ftr-433	1302	25	.	.	PUNCT
ftr-433	1303	1	in	in	ADP
ftr-433	1303	2	figure	figure	NOUN
ftr-433	1303	3	4	4	NUM
ftr-433	1303	4	,	,	PUNCT
ftr-433	1303	5	the	the	DET
ftr-433	1303	6	npv	npv	PROPN
ftr-433	1303	7	etr	etr	PROPN
ftr-433	1303	8	for	for	ADP
ftr-433	1303	9	two	two	NUM
ftr-433	1303	10	investments	investment	NOUN
ftr-433	1303	11	with	with	ADP
ftr-433	1303	12	widely	widely	ADV
ftr-433	1303	13	variant	variant	ADJ
ftr-433	1303	14	yields	yield	NOUN
ftr-433	1303	15	(	(	PUNCT
ftr-433	1303	16	10	10	NUM
ftr-433	1303	17	%	%	NOUN
ftr-433	1303	18	and	and	CCONJ
ftr-433	1303	19	50	50	NUM
ftr-433	1303	20	%	%	NOUN
ftr-433	1303	21	)	)	PUNCT
ftr-433	1303	22	coincide	coincide	NOUN
ftr-433	1303	23	exactly	exactly	ADV
ftr-433	1303	24	with	with	ADP
ftr-433	1303	25	the	the	DET
ftr-433	1303	26	nominal	nominal	ADJ
ftr-433	1303	27	tax	tax	NOUN
ftr-433	1303	28	rate	rate	NOUN
ftr-433	1303	29	,	,	PUNCT
ftr-433	1303	30	no	no	ADV
ftr-433	1303	31	matter	matter	ADV
ftr-433	1303	32	what	what	PRON
ftr-433	1303	33	that	that	DET
ftr-433	1303	34	tax	tax	NOUN
ftr-433	1303	35	rate	rate	NOUN
ftr-433	1303	36	is	be	AUX
ftr-433	1303	37	.	.	PUNCT
ftr-433	1304	1	as	as	ADP
ftr-433	1304	2	a	a	DET
ftr-433	1304	3	result	result	NOUN
ftr-433	1304	4	,	,	PUNCT
ftr-433	1304	5	neither	neither	CCONJ
ftr-433	1304	6	variance	variance	NOUN
ftr-433	1304	7	in	in	ADP
ftr-433	1304	8	yield	yield	NOUN
ftr-433	1304	9	rates	rate	NOUN
ftr-433	1304	10	nor	nor	CCONJ
ftr-433	1304	11	tax	tax	NOUN
ftr-433	1304	12	rates	rate	NOUN
ftr-433	1304	13	distorts	distort	VERB
ftr-433	1304	14	the	the	DET
ftr-433	1304	15	npv	npv	PROPN
ftr-433	1304	16	etr	etr	PROPN
ftr-433	1304	17	.	.	PUNCT
ftr-433	1305	1	this	this	PRON
ftr-433	1305	2	is	be	AUX
ftr-433	1305	3	in	in	ADP
ftr-433	1305	4	marked	mark	VERB
ftr-433	1305	5	contrast	contrast	NOUN
ftr-433	1305	6	to	to	ADP
ftr-433	1305	7	the	the	DET
ftr-433	1305	8	performance	performance	NOUN
ftr-433	1305	9	of	of	ADP
ftr-433	1305	10	an	an	DET
ftr-433	1305	11	530	530	NUM
ftr-433	1305	12	florida	florida	PROPN
ftr-433	1305	13	tax	tax	NOUN
ftr-433	1305	14	review	review	NOUN
ftr-433	1305	15	[	[	X
ftr-433	1305	16	vol	vol	NOUN
ftr-433	1305	17	.	.	PUNCT
ftr-433	1306	1	5:7	5:7	NUM
ftr-433	1306	2	174	174	NUM
ftr-433	1306	3	.	.	PUNCT
ftr-433	1307	1	see	see	VERB
ftr-433	1307	2	supra	supra	PROPN
ftr-433	1307	3	notes	note	VERB
ftr-433	1307	4	157	157	NUM
ftr-433	1307	5	-	-	SYM
ftr-433	1307	6	58	58	NUM
ftr-433	1307	7	and	and	CCONJ
ftr-433	1307	8	accompanying	accompany	VERB
ftr-433	1307	9	text	text	NOUN
ftr-433	1307	10	.	.	PUNCT
ftr-433	1308	1	see	see	VERB
ftr-433	1308	2	also	also	ADV
ftr-433	1308	3	discussion	discussion	NOUN
ftr-433	1308	4	,	,	PUNCT
ftr-433	1308	5	infra	infra	VERB
ftr-433	1308	6	part	part	NOUN
ftr-433	1308	7	vi.c.3	vi.c.3	NOUN
ftr-433	1308	8	.	.	PUNCT
ftr-433	1309	1	(	(	PUNCT
ftr-433	1309	2	text	text	NOUN
ftr-433	1309	3	accompanying	accompany	VERB
ftr-433	1309	4	figure	figure	NOUN
ftr-433	1309	5	9	9	NUM
ftr-433	1309	6	)	)	PUNCT
ftr-433	1309	7	(	(	PUNCT
ftr-433	1309	8	discussing	discuss	VERB
ftr-433	1309	9	a	a	DET
ftr-433	1309	10	similar	similar	ADJ
ftr-433	1309	11	effect	effect	NOUN
ftr-433	1309	12	in	in	ADP
ftr-433	1309	13	a	a	DET
ftr-433	1309	14	rbit	rbit	NOUN
ftr-433	1309	15	base	base	NOUN
ftr-433	1309	16	that	that	PRON
ftr-433	1309	17	uses	use	VERB
ftr-433	1309	18	economic	economic	ADJ
ftr-433	1309	19	cost	cost	NOUN
ftr-433	1309	20	recovery	recovery	NOUN
ftr-433	1309	21	)	)	PUNCT
ftr-433	1309	22	.	.	PUNCT
ftr-433	1310	1	amit	amit	PROPN
ftr-433	1310	2	base	base	PROPN
ftr-433	1310	3	,	,	PUNCT
ftr-433	1310	4	where	where	SCONJ
ftr-433	1310	5	the	the	DET
ftr-433	1310	6	hurdle	hurdle	NOUN
ftr-433	1310	7	rate	rate	NOUN
ftr-433	1310	8	varies	vary	VERB
ftr-433	1310	9	widely	widely	ADV
ftr-433	1310	10	with	with	ADP
ftr-433	1310	11	the	the	DET
ftr-433	1310	12	tax	tax	NOUN
ftr-433	1310	13	rate	rate	NOUN
ftr-433	1310	14	,	,	PUNCT
ftr-433	1310	15	and	and	CCONJ
ftr-433	1310	16	where174	where174	PROPN
ftr-433	1310	17	only	only	ADV
ftr-433	1310	18	yield	yield	VERB
ftr-433	1310	19	rates	rate	NOUN
ftr-433	1310	20	in	in	ADP
ftr-433	1310	21	excess	excess	NOUN
ftr-433	1310	22	of	of	ADP
ftr-433	1310	23	the	the	DET
ftr-433	1310	24	after	after	ADP
ftr-433	1310	25	-	-	PUNCT
ftr-433	1310	26	tax	tax	NOUN
ftr-433	1310	27	hurdle	hurdle	NOUN
ftr-433	1310	28	rate	rate	NOUN
ftr-433	1310	29	are	be	AUX
ftr-433	1310	30	taxed	tax	VERB
ftr-433	1310	31	even	even	ADV
ftr-433	1310	32	approximately	approximately	ADV
ftr-433	1310	33	at	at	ADP
ftr-433	1310	34	the	the	DET
ftr-433	1310	35	nominal	nominal	ADJ
ftr-433	1310	36	statutory	statutory	ADJ
ftr-433	1310	37	rates	rate	NOUN
ftr-433	1310	38	financially	financially	ADV
ftr-433	1310	39	.	.	PUNCT
ftr-433	1311	1	cfit	cfit	NOUN
ftr-433	1311	2	base	base	NOUN
ftr-433	1311	3	cash	cash	NOUN
ftr-433	1311	4	flow	flow	NOUN
ftr-433	1311	5	accounting	accounting	NOUN
ftr-433	1311	6	creates	create	VERB
ftr-433	1311	7	a	a	DET
ftr-433	1311	8	wonderfully	wonderfully	ADV
ftr-433	1311	9	neutral	neutral	ADJ
ftr-433	1311	10	and	and	CCONJ
ftr-433	1311	11	direct	direct	ADJ
ftr-433	1311	12	capital	capital	NOUN
ftr-433	1311	13	income	income	NOUN
ftr-433	1311	14	taxation	taxation	NOUN
ftr-433	1311	15	regime	regime	NOUN
ftr-433	1311	16	which	which	PRON
ftr-433	1311	17	contrasts	contrast	VERB
ftr-433	1311	18	sharply	sharply	ADV
ftr-433	1311	19	with	with	ADP
ftr-433	1311	20	the	the	DET
ftr-433	1311	21	indirect	indirect	ADJ
ftr-433	1311	22	measurement	measurement	NOUN
ftr-433	1311	23	and	and	CCONJ
ftr-433	1311	24	taxation	taxation	NOUN
ftr-433	1311	25	of	of	ADP
ftr-433	1311	26	capital	capital	NOUN
ftr-433	1311	27	income	income	NOUN
ftr-433	1311	28	that	that	PRON
ftr-433	1311	29	is	be	AUX
ftr-433	1311	30	based	base	VERB
ftr-433	1311	31	on	on	ADP
ftr-433	1311	32	and	and	CCONJ
ftr-433	1311	33	measured	measure	VERB
ftr-433	1311	34	by	by	ADP
ftr-433	1311	35	changes	change	NOUN
ftr-433	1311	36	in	in	ADP
ftr-433	1311	37	net	net	ADJ
ftr-433	1311	38	asset	asset	NOUN
ftr-433	1311	39	value	value	NOUN
ftr-433	1311	40	under	under	ADP
ftr-433	1311	41	an	an	DET
ftr-433	1311	42	amit	amit	NOUN
ftr-433	1311	43	base	base	NOUN
ftr-433	1311	44	.	.	PUNCT
ftr-433	1312	1	cfit	cfit	PROPN
ftr-433	1312	2	base	base	PROPN
ftr-433	1312	3	accounting	accounting	NOUN
ftr-433	1312	4	is	be	AUX
ftr-433	1312	5	not	not	PART
ftr-433	1312	6	structurally	structurally	ADV
ftr-433	1312	7	appropriate	appropriate	ADJ
ftr-433	1312	8	for	for	ADP
ftr-433	1312	9	an	an	DET
ftr-433	1312	10	amit	amit	NOUN
ftr-433	1312	11	base	base	NOUN
ftr-433	1312	12	because	because	SCONJ
ftr-433	1312	13	it	it	PRON
ftr-433	1312	14	ignores	ignore	VERB
ftr-433	1312	15	both	both	DET
ftr-433	1312	16	asset	asset	NOUN
ftr-433	1312	17	value	value	NOUN
ftr-433	1312	18	and	and	CCONJ
ftr-433	1312	19	changes	change	NOUN
ftr-433	1312	20	in	in	ADP
ftr-433	1312	21	that	that	DET
ftr-433	1312	22	value	value	NOUN
ftr-433	1312	23	,	,	PUNCT
ftr-433	1312	24	but	but	CCONJ
ftr-433	1312	25	it	it	PRON
ftr-433	1312	26	clearly	clearly	ADV
ftr-433	1312	27	measures	measure	VERB
ftr-433	1312	28	the	the	DET
ftr-433	1312	29	cash	cash	NOUN
ftr-433	1312	30	flow	flow	NOUN
ftr-433	1312	31	“	"	PUNCT
ftr-433	1312	32	income	income	NOUN
ftr-433	1312	33	”	"	PUNCT
ftr-433	1312	34	produced	produce	VERB
ftr-433	1312	35	by	by	ADP
ftr-433	1312	36	short	short	ADJ
ftr-433	1312	37	-	-	PUNCT
ftr-433	1312	38	lived	live	VERB
ftr-433	1312	39	depreciable	depreciable	ADJ
ftr-433	1312	40	assets	asset	NOUN
ftr-433	1312	41	accurately	accurately	ADV
ftr-433	1312	42	financially	financially	ADV
ftr-433	1312	43	.	.	PUNCT
ftr-433	1313	1	c.	c.	NOUN
ftr-433	1313	2	measuring	measure	VERB
ftr-433	1313	3	net	net	NOUN
ftr-433	1313	4	realized	realize	VERB
ftr-433	1313	5	income	income	NOUN
ftr-433	1313	6	in	in	ADP
ftr-433	1313	7	a	a	DET
ftr-433	1313	8	rbit	rbit	NOUN
ftr-433	1313	9	base	base	NOUN
ftr-433	1313	10	this	this	DET
ftr-433	1313	11	section	section	NOUN
ftr-433	1313	12	of	of	ADP
ftr-433	1313	13	part	part	NOUN
ftr-433	1313	14	vi	vi	PROPN
ftr-433	1313	15	will	will	AUX
ftr-433	1313	16	apply	apply	VERB
ftr-433	1313	17	the	the	DET
ftr-433	1313	18	tools	tool	NOUN
ftr-433	1313	19	of	of	ADP
ftr-433	1313	20	irr	irr	PROPN
ftr-433	1313	21	etr	etr	PROPN
ftr-433	1313	22	,	,	PUNCT
ftr-433	1313	23	npv	npv	PROPN
ftr-433	1313	24	etr	etr	PROPN
ftr-433	1313	25	,	,	PUNCT
ftr-433	1313	26	and	and	CCONJ
ftr-433	1313	27	hurdle	hurdle	NOUN
ftr-433	1313	28	rate	rate	NOUN
ftr-433	1313	29	analysis	analysis	NOUN
ftr-433	1313	30	to	to	ADP
ftr-433	1313	31	this	this	DET
ftr-433	1313	32	article	article	NOUN
ftr-433	1313	33	’s	’s	PART
ftr-433	1313	34	investment	investment	NOUN
ftr-433	1313	35	model	model	NOUN
ftr-433	1313	36	using	use	VERB
ftr-433	1313	37	various	various	ADJ
ftr-433	1313	38	rbit	rbit	NOUN
ftr-433	1313	39	base	base	NOUN
ftr-433	1313	40	capital	capital	NOUN
ftr-433	1313	41	cost	cost	NOUN
ftr-433	1313	42	recovery	recovery	NOUN
ftr-433	1313	43	methods	method	NOUN
ftr-433	1313	44	.	.	PUNCT
ftr-433	1314	1	this	this	DET
ftr-433	1314	2	analysis	analysis	NOUN
ftr-433	1314	3	will	will	AUX
ftr-433	1314	4	measure	measure	VERB
ftr-433	1314	5	the	the	DET
ftr-433	1314	6	financial	financial	ADJ
ftr-433	1314	7	information	information	NOUN
ftr-433	1314	8	provided	provide	VERB
ftr-433	1314	9	by	by	ADP
ftr-433	1314	10	each	each	PRON
ftr-433	1314	11	of	of	ADP
ftr-433	1314	12	these	these	DET
ftr-433	1314	13	tools	tool	NOUN
ftr-433	1314	14	against	against	ADP
ftr-433	1314	15	the	the	DET
ftr-433	1314	16	normative	normative	ADJ
ftr-433	1314	17	structural	structural	ADJ
ftr-433	1314	18	and	and	CCONJ
ftr-433	1314	19	accounting	accounting	NOUN
ftr-433	1314	20	principles	principle	NOUN
ftr-433	1314	21	of	of	ADP
ftr-433	1314	22	a	a	DET
ftr-433	1314	23	rbit	rbit	NOUN
ftr-433	1314	24	base	base	NOUN
ftr-433	1314	25	.	.	PUNCT
ftr-433	1315	1	the	the	DET
ftr-433	1315	2	goal	goal	NOUN
ftr-433	1315	3	will	will	AUX
ftr-433	1315	4	be	be	AUX
ftr-433	1315	5	to	to	PART
ftr-433	1315	6	identify	identify	VERB
ftr-433	1315	7	the	the	DET
ftr-433	1315	8	capital	capital	NOUN
ftr-433	1315	9	cost	cost	NOUN
ftr-433	1315	10	recovery	recovery	NOUN
ftr-433	1315	11	method	method	NOUN
ftr-433	1315	12	that	that	PRON
ftr-433	1315	13	best	good	ADJ
ftr-433	1315	14	accommodates	accommodate	VERB
ftr-433	1315	15	those	those	DET
ftr-433	1315	16	structural	structural	ADJ
ftr-433	1315	17	and	and	CCONJ
ftr-433	1315	18	accounting	accounting	NOUN
ftr-433	1315	19	principles	principle	NOUN
ftr-433	1315	20	based	base	VERB
ftr-433	1315	21	on	on	ADP
ftr-433	1315	22	these	these	DET
ftr-433	1315	23	comparative	comparative	ADJ
ftr-433	1315	24	analyses	analysis	NOUN
ftr-433	1315	25	,	,	PUNCT
ftr-433	1315	26	both	both	PRON
ftr-433	1315	27	individually	individually	ADV
ftr-433	1315	28	and	and	CCONJ
ftr-433	1315	29	collectively	collectively	ADV
ftr-433	1315	30	.	.	PUNCT
ftr-433	1316	1	1	1	X
ftr-433	1316	2	.	.	X
ftr-433	1316	3	irr	irr	NOUN
ftr-433	1316	4	effective	effective	ADJ
ftr-433	1316	5	tax	tax	NOUN
ftr-433	1316	6	rates.—this	rates.—this	PRON
ftr-433	1316	7	section	section	NOUN
ftr-433	1316	8	first	first	ADV
ftr-433	1316	9	compares	compare	VERB
ftr-433	1316	10	the	the	DET
ftr-433	1316	11	impact	impact	NOUN
ftr-433	1316	12	of	of	ADP
ftr-433	1316	13	various	various	ADJ
ftr-433	1316	14	capital	capital	NOUN
ftr-433	1316	15	cost	cost	NOUN
ftr-433	1316	16	recovery	recovery	NOUN
ftr-433	1316	17	methods	method	NOUN
ftr-433	1316	18	on	on	ADP
ftr-433	1316	19	the	the	DET
ftr-433	1316	20	irr	irr	NOUN
ftr-433	1316	21	effective	effective	ADJ
ftr-433	1316	22	tax	tax	NOUN
ftr-433	1316	23	rates	rate	NOUN
ftr-433	1316	24	produced	produce	VERB
ftr-433	1316	25	by	by	ADP
ftr-433	1316	26	identical	identical	ADJ
ftr-433	1316	27	investments	investment	NOUN
ftr-433	1316	28	in	in	ADP
ftr-433	1316	29	a	a	DET
ftr-433	1316	30	rbit	rbit	NOUN
ftr-433	1316	31	base	base	NOUN
ftr-433	1316	32	.	.	PUNCT
ftr-433	1317	1	for	for	ADP
ftr-433	1317	2	the	the	DET
ftr-433	1317	3	purpose	purpose	NOUN
ftr-433	1317	4	of	of	ADP
ftr-433	1317	5	comparing	compare	VERB
ftr-433	1317	6	these	these	DET
ftr-433	1317	7	impacts	impact	NOUN
ftr-433	1317	8	,	,	PUNCT
ftr-433	1317	9	figure	figure	VERB
ftr-433	1317	10	5	5	NUM
ftr-433	1317	11	below	below	ADV
ftr-433	1317	12	shows	show	VERB
ftr-433	1317	13	the	the	DET
ftr-433	1317	14	irr	irr	PROPN
ftr-433	1317	15	etr	etr	PROPN
ftr-433	1317	16	produced	produce	VERB
ftr-433	1317	17	by	by	ADP
ftr-433	1317	18	the	the	DET
ftr-433	1317	19	three	three	NUM
ftr-433	1317	20	major	major	ADJ
ftr-433	1317	21	cost	cost	NOUN
ftr-433	1317	22	recovery	recovery	NOUN
ftr-433	1317	23	methods	method	NOUN
ftr-433	1317	24	across	across	ADP
ftr-433	1317	25	a	a	DET
ftr-433	1317	26	range	range	NOUN
ftr-433	1317	27	of	of	ADP
ftr-433	1317	28	yield	yield	NOUN
ftr-433	1317	29	rates	rate	NOUN
ftr-433	1317	30	using	use	VERB
ftr-433	1317	31	our	our	PRON
ftr-433	1317	32	investment	investment	NOUN
ftr-433	1317	33	model	model	NOUN
ftr-433	1317	34	.	.	PUNCT
ftr-433	1318	1	the	the	DET
ftr-433	1318	2	yield	yield	NOUN
ftr-433	1318	3	rate	rate	NOUN
ftr-433	1318	4	ranges	range	VERB
ftr-433	1318	5	from	from	ADP
ftr-433	1318	6	7	7	NUM
ftr-433	1318	7	%	%	NOUN
ftr-433	1318	8	,	,	PUNCT
ftr-433	1318	9	which	which	PRON
ftr-433	1318	10	is	be	AUX
ftr-433	1318	11	30	30	NUM
ftr-433	1318	12	%	%	NOUN
ftr-433	1318	13	below	below	ADP
ftr-433	1318	14	the	the	DET
ftr-433	1318	15	pre	pre	ADJ
ftr-433	1318	16	-	-	ADJ
ftr-433	1318	17	tax	tax	ADJ
ftr-433	1318	18	discount	discount	NOUN
ftr-433	1318	19	rate	rate	NOUN
ftr-433	1318	20	of	of	ADP
ftr-433	1318	21	10	10	NUM
ftr-433	1318	22	%	%	NOUN
ftr-433	1318	23	,	,	PUNCT
ftr-433	1318	24	to	to	ADP
ftr-433	1318	25	13	13	NUM
ftr-433	1318	26	%	%	NOUN
ftr-433	1318	27	,	,	PUNCT
ftr-433	1318	28	which	which	PRON
ftr-433	1318	29	is	be	AUX
ftr-433	1318	30	30	30	NUM
ftr-433	1318	31	%	%	NOUN
ftr-433	1318	32	above	above	ADP
ftr-433	1318	33	it	it	PRON
ftr-433	1318	34	.	.	PUNCT
ftr-433	1319	1	2002	2002	NUM
ftr-433	1319	2	]	]	PUNCT
ftr-433	1319	3	normative	normative	ADJ
ftr-433	1319	4	capital	capital	NOUN
ftr-433	1319	5	cost	cost	NOUN
ftr-433	1319	6	recovery	recovery	NOUN
ftr-433	1319	7	531	531	NUM
ftr-433	1319	8	figure	figure	NOUN
ftr-433	1319	9	5	5	NUM
ftr-433	1319	10	:	:	PUNCT
ftr-433	1319	11	irr	irr	PROPN
ftr-433	1319	12	etr	etr	PROPN
ftr-433	1319	13	for	for	ADP
ftr-433	1319	14	variable	variable	ADJ
ftr-433	1319	15	yield	yield	NOUN
ftr-433	1319	16	rates	rate	NOUN
ftr-433	1319	17	if	if	SCONJ
ftr-433	1319	18	irr	irr	PROPN
ftr-433	1319	19	etr	etr	PROPN
ftr-433	1319	20	is	be	AUX
ftr-433	1319	21	the	the	DET
ftr-433	1319	22	proper	proper	ADJ
ftr-433	1319	23	benchmark	benchmark	NOUN
ftr-433	1319	24	for	for	ADP
ftr-433	1319	25	comparing	compare	VERB
ftr-433	1319	26	cost	cost	NOUN
ftr-433	1319	27	recovery	recovery	NOUN
ftr-433	1319	28	methods	method	NOUN
ftr-433	1319	29	,	,	PUNCT
ftr-433	1319	30	then	then	ADV
ftr-433	1319	31	economic	economic	ADJ
ftr-433	1319	32	cost	cost	NOUN
ftr-433	1319	33	recovery	recovery	NOUN
ftr-433	1319	34	appears	appear	VERB
ftr-433	1319	35	to	to	PART
ftr-433	1319	36	be	be	AUX
ftr-433	1319	37	the	the	DET
ftr-433	1319	38	normative	normative	ADJ
ftr-433	1319	39	cost	cost	NOUN
ftr-433	1319	40	recovery	recovery	NOUN
ftr-433	1319	41	method	method	NOUN
ftr-433	1319	42	for	for	ADP
ftr-433	1319	43	a	a	DET
ftr-433	1319	44	rbit	rbit	NOUN
ftr-433	1319	45	because	because	SCONJ
ftr-433	1319	46	its	its	PRON
ftr-433	1319	47	irr	irr	NOUN
ftr-433	1319	48	etr	etr	PROPN
ftr-433	1319	49	tracks	track	VERB
ftr-433	1319	50	the	the	DET
ftr-433	1319	51	nominal	nominal	ADJ
ftr-433	1319	52	tax	tax	NOUN
ftr-433	1319	53	rate	rate	NOUN
ftr-433	1319	54	exactly	exactly	ADV
ftr-433	1319	55	at	at	ADV
ftr-433	1319	56	all	all	PRON
ftr-433	1319	57	yield	yield	NOUN
ftr-433	1319	58	rates	rate	NOUN
ftr-433	1319	59	.	.	PUNCT
ftr-433	1320	1	under	under	ADP
ftr-433	1320	2	this	this	DET
ftr-433	1320	3	rationale	rationale	NOUN
ftr-433	1320	4	,	,	PUNCT
ftr-433	1320	5	macrs	macr	NOUN
ftr-433	1320	6	would	would	AUX
ftr-433	1320	7	be	be	AUX
ftr-433	1320	8	the	the	DET
ftr-433	1320	9	next	next	ADJ
ftr-433	1320	10	most	most	ADV
ftr-433	1320	11	accurate	accurate	ADJ
ftr-433	1320	12	because	because	SCONJ
ftr-433	1320	13	it	it	PRON
ftr-433	1320	14	produces	produce	VERB
ftr-433	1320	15	a	a	DET
ftr-433	1320	16	constant	constant	ADJ
ftr-433	1320	17	irr	irr	NOUN
ftr-433	1320	18	etr	etr	PROPN
ftr-433	1320	19	of	of	ADP
ftr-433	1320	20	44	44	NUM
ftr-433	1320	21	%	%	NOUN
ftr-433	1320	22	,	,	PUNCT
ftr-433	1320	23	and	and	CCONJ
ftr-433	1320	24	expensing	expensing	NOUN
ftr-433	1320	25	would	would	AUX
ftr-433	1320	26	be	be	AUX
ftr-433	1320	27	the	the	DET
ftr-433	1320	28	least	least	ADV
ftr-433	1320	29	accurate	accurate	ADJ
ftr-433	1320	30	because	because	SCONJ
ftr-433	1320	31	it	it	PRON
ftr-433	1320	32	produces	produce	VERB
ftr-433	1320	33	a	a	DET
ftr-433	1320	34	constant	constant	ADJ
ftr-433	1320	35	irr	irr	NOUN
ftr-433	1320	36	etr	etr	PROPN
ftr-433	1320	37	of	of	ADP
ftr-433	1320	38	0	0	NUM
ftr-433	1320	39	%	%	NOUN
ftr-433	1320	40	.	.	PUNCT
ftr-433	1321	1	in	in	ADP
ftr-433	1321	2	figure	figure	NOUN
ftr-433	1321	3	5	5	NUM
ftr-433	1321	4	,	,	PUNCT
ftr-433	1321	5	the	the	DET
ftr-433	1321	6	nominal	nominal	ADJ
ftr-433	1321	7	tax	tax	NOUN
ftr-433	1321	8	rate	rate	NOUN
ftr-433	1321	9	was	be	AUX
ftr-433	1321	10	kept	keep	VERB
ftr-433	1321	11	constant	constant	ADJ
ftr-433	1321	12	at	at	ADP
ftr-433	1321	13	50	50	NUM
ftr-433	1321	14	%	%	NOUN
ftr-433	1321	15	to	to	PART
ftr-433	1321	16	show	show	VERB
ftr-433	1321	17	the	the	DET
ftr-433	1321	18	effect	effect	NOUN
ftr-433	1321	19	of	of	ADP
ftr-433	1321	20	variable	variable	ADJ
ftr-433	1321	21	yields	yield	NOUN
ftr-433	1321	22	on	on	ADP
ftr-433	1321	23	irr	irr	PROPN
ftr-433	1321	24	etr	etr	PROPN
ftr-433	1321	25	.	.	PUNCT
ftr-433	1322	1	figure	figure	NOUN
ftr-433	1322	2	6	6	NUM
ftr-433	1322	3	below	below	ADV
ftr-433	1322	4	is	be	AUX
ftr-433	1322	5	designed	design	VERB
ftr-433	1322	6	to	to	PART
ftr-433	1322	7	analyze	analyze	VERB
ftr-433	1322	8	the	the	DET
ftr-433	1322	9	impact	impact	NOUN
ftr-433	1322	10	of	of	ADP
ftr-433	1322	11	the	the	DET
ftr-433	1322	12	three	three	NUM
ftr-433	1322	13	major	major	ADJ
ftr-433	1322	14	cost	cost	NOUN
ftr-433	1322	15	recovery	recovery	NOUN
ftr-433	1322	16	methods	method	NOUN
ftr-433	1322	17	on	on	ADP
ftr-433	1322	18	irr	irr	PROPN
ftr-433	1322	19	etr	etr	PROPN
ftr-433	1322	20	across	across	ADP
ftr-433	1322	21	a	a	DET
ftr-433	1322	22	range	range	NOUN
ftr-433	1322	23	of	of	ADP
ftr-433	1322	24	tax	tax	NOUN
ftr-433	1322	25	rates	rate	NOUN
ftr-433	1322	26	.	.	PUNCT
ftr-433	1323	1	therefore	therefore	ADV
ftr-433	1323	2	,	,	PUNCT
ftr-433	1323	3	in	in	ADP
ftr-433	1323	4	figure	figure	NOUN
ftr-433	1323	5	6	6	NUM
ftr-433	1323	6	,	,	PUNCT
ftr-433	1323	7	the	the	DET
ftr-433	1323	8	yield	yield	NOUN
ftr-433	1323	9	rate	rate	NOUN
ftr-433	1323	10	is	be	AUX
ftr-433	1323	11	kept	keep	VERB
ftr-433	1323	12	constant	constant	ADJ
ftr-433	1323	13	at	at	ADP
ftr-433	1323	14	10	10	NUM
ftr-433	1323	15	%	%	NOUN
ftr-433	1323	16	,	,	PUNCT
ftr-433	1323	17	while	while	SCONJ
ftr-433	1323	18	the	the	DET
ftr-433	1323	19	tax	tax	NOUN
ftr-433	1323	20	rate	rate	NOUN
ftr-433	1323	21	varies	vary	VERB
ftr-433	1323	22	from	from	ADP
ftr-433	1323	23	20	20	NUM
ftr-433	1323	24	%	%	NOUN
ftr-433	1323	25	to	to	PART
ftr-433	1323	26	80	80	NUM
ftr-433	1323	27	%	%	NOUN
ftr-433	1323	28	.	.	PUNCT
ftr-433	1324	1	figure	figure	VERB
ftr-433	1324	2	6	6	NUM
ftr-433	1324	3	:	:	PUNCT
ftr-433	1324	4	irr	irr	PROPN
ftr-433	1324	5	etr	etr	PROPN
ftr-433	1324	6	for	for	ADP
ftr-433	1324	7	variable	variable	ADJ
ftr-433	1324	8	tax	tax	NOUN
ftr-433	1324	9	rates	rate	NOUN
ftr-433	1324	10	it	it	PRON
ftr-433	1324	11	is	be	AUX
ftr-433	1324	12	clear	clear	ADJ
ftr-433	1324	13	again	again	ADV
ftr-433	1324	14	that	that	SCONJ
ftr-433	1324	15	economic	economic	ADJ
ftr-433	1324	16	cost	cost	NOUN
ftr-433	1324	17	recovery	recovery	NOUN
ftr-433	1324	18	always	always	ADV
ftr-433	1324	19	creates	create	VERB
ftr-433	1324	20	a	a	DET
ftr-433	1324	21	certain	certain	ADJ
ftr-433	1324	22	relationship	relationship	NOUN
ftr-433	1324	23	between	between	ADP
ftr-433	1324	24	the	the	DET
ftr-433	1324	25	pre	pre	ADJ
ftr-433	1324	26	-	-	ADJ
ftr-433	1324	27	tax	tax	ADJ
ftr-433	1324	28	irr	irr	NOUN
ftr-433	1324	29	and	and	CCONJ
ftr-433	1324	30	the	the	DET
ftr-433	1324	31	after	after	ADP
ftr-433	1324	32	-	-	PUNCT
ftr-433	1324	33	tax	tax	NOUN
ftr-433	1324	34	irr	irr	NOUN
ftr-433	1324	35	of	of	ADP
ftr-433	1324	36	break	break	NOUN
ftr-433	1324	37	-	-	PUNCT
ftr-433	1324	38	even	even	ADV
ftr-433	1324	39	investments	investment	NOUN
ftr-433	1324	40	.	.	PUNCT
ftr-433	1325	1	the	the	DET
ftr-433	1325	2	after	after	ADP
ftr-433	1325	3	-	-	PUNCT
ftr-433	1325	4	tax	tax	NOUN
ftr-433	1325	5	irr	irr	NOUN
ftr-433	1325	6	is	be	AUX
ftr-433	1325	7	always	always	ADV
ftr-433	1325	8	equal	equal	ADJ
ftr-433	1325	9	to	to	ADP
ftr-433	1325	10	the	the	DET
ftr-433	1325	11	pre	pre	ADJ
ftr-433	1325	12	-	-	ADJ
ftr-433	1325	13	tax	tax	ADJ
ftr-433	1325	14	irr	irr	NOUN
ftr-433	1325	15	x	x	PUNCT
ftr-433	1325	16	1	1	NUM
ftr-433	1325	17	minus	minus	ADP
ftr-433	1325	18	the	the	DET
ftr-433	1325	19	532	532	NUM
ftr-433	1325	20	florida	florida	PROPN
ftr-433	1325	21	tax	tax	NOUN
ftr-433	1325	22	review	review	NOUN
ftr-433	1326	1	[	[	X
ftr-433	1326	2	vol	vol	NOUN
ftr-433	1326	3	.	.	PUNCT
ftr-433	1326	4	5:7	5:7	NUM
ftr-433	1326	5	175	175	NUM
ftr-433	1326	6	.	.	PUNCT
ftr-433	1327	1	for	for	ADP
ftr-433	1327	2	example	example	NOUN
ftr-433	1327	3	,	,	PUNCT
ftr-433	1327	4	when	when	SCONJ
ftr-433	1327	5	the	the	DET
ftr-433	1327	6	tax	tax	NOUN
ftr-433	1327	7	rate	rate	NOUN
ftr-433	1327	8	is	be	AUX
ftr-433	1327	9	40	40	NUM
ftr-433	1327	10	%	%	NOUN
ftr-433	1327	11	and	and	CCONJ
ftr-433	1327	12	the	the	DET
ftr-433	1327	13	yield	yield	NOUN
ftr-433	1327	14	rate	rate	NOUN
ftr-433	1327	15	is	be	AUX
ftr-433	1327	16	10	10	NUM
ftr-433	1327	17	%	%	NOUN
ftr-433	1327	18	,	,	PUNCT
ftr-433	1327	19	the	the	DET
ftr-433	1327	20	irr	irr	NOUN
ftr-433	1327	21	etr	etr	PROPN
ftr-433	1327	22	is	be	AUX
ftr-433	1327	23	40	40	NUM
ftr-433	1327	24	%	%	NOUN
ftr-433	1327	25	.	.	PUNCT
ftr-433	1328	1	see	see	VERB
ftr-433	1328	2	supra	supra	ADJ
ftr-433	1328	3	figure	figure	NOUN
ftr-433	1328	4	6	6	NUM
ftr-433	1328	5	.	.	PUNCT
ftr-433	1329	1	when	when	SCONJ
ftr-433	1329	2	the	the	DET
ftr-433	1329	3	tax	tax	NOUN
ftr-433	1329	4	rate	rate	NOUN
ftr-433	1329	5	is	be	AUX
ftr-433	1329	6	50	50	NUM
ftr-433	1329	7	%	%	NOUN
ftr-433	1329	8	and	and	CCONJ
ftr-433	1329	9	the	the	DET
ftr-433	1329	10	yield	yield	NOUN
ftr-433	1329	11	rate	rate	NOUN
ftr-433	1329	12	is	be	AUX
ftr-433	1329	13	12	12	NUM
ftr-433	1329	14	%	%	NOUN
ftr-433	1329	15	,	,	PUNCT
ftr-433	1329	16	the	the	DET
ftr-433	1329	17	irr	irr	NOUN
ftr-433	1329	18	etr	etr	PROPN
ftr-433	1329	19	is	be	AUX
ftr-433	1329	20	50	50	NUM
ftr-433	1329	21	%	%	NOUN
ftr-433	1329	22	.	.	PUNCT
ftr-433	1330	1	see	see	VERB
ftr-433	1330	2	supra	supra	ADJ
ftr-433	1330	3	figure	figure	NOUN
ftr-433	1330	4	5	5	NUM
ftr-433	1330	5	.	.	NOUN
ftr-433	1330	6	176	176	NUM
ftr-433	1330	7	.	.	PUNCT
ftr-433	1331	1	as	as	SCONJ
ftr-433	1331	2	noted	note	VERB
ftr-433	1331	3	earlier	early	ADV
ftr-433	1331	4	,	,	PUNCT
ftr-433	1331	5	npv	npv	PROPN
ftr-433	1331	6	is	be	AUX
ftr-433	1331	7	deemed	deem	VERB
ftr-433	1331	8	to	to	PART
ftr-433	1331	9	be	be	AUX
ftr-433	1331	10	a	a	DET
ftr-433	1331	11	more	more	ADV
ftr-433	1331	12	accurate	accurate	ADJ
ftr-433	1331	13	financial	financial	ADJ
ftr-433	1331	14	indicator	indicator	NOUN
ftr-433	1331	15	than	than	ADP
ftr-433	1331	16	irr	irr	NOUN
ftr-433	1331	17	in	in	ADP
ftr-433	1331	18	general	general	ADJ
ftr-433	1331	19	,	,	PUNCT
ftr-433	1331	20	so	so	SCONJ
ftr-433	1331	21	it	it	PRON
ftr-433	1331	22	should	should	AUX
ftr-433	1331	23	actually	actually	ADV
ftr-433	1331	24	be	be	AUX
ftr-433	1331	25	more	more	ADV
ftr-433	1331	26	persuasive	persuasive	ADJ
ftr-433	1331	27	in	in	ADP
ftr-433	1331	28	evaluating	evaluate	VERB
ftr-433	1331	29	the	the	DET
ftr-433	1331	30	financial	financial	ADJ
ftr-433	1331	31	accuracy	accuracy	NOUN
ftr-433	1331	32	of	of	ADP
ftr-433	1331	33	cost	cost	NOUN
ftr-433	1331	34	recovery	recovery	NOUN
ftr-433	1331	35	methods	method	NOUN
ftr-433	1331	36	as	as	SCONJ
ftr-433	1331	37	they	they	PRON
ftr-433	1331	38	relate	relate	VERB
ftr-433	1331	39	to	to	ADP
ftr-433	1331	40	capital	capital	NOUN
ftr-433	1331	41	income	income	NOUN
ftr-433	1331	42	measurement	measurement	NOUN
ftr-433	1331	43	.	.	PUNCT
ftr-433	1332	1	see	see	VERB
ftr-433	1332	2	supra	supra	PROPN
ftr-433	1332	3	note	note	PROPN
ftr-433	1332	4	93	93	NUM
ftr-433	1332	5	and	and	CCONJ
ftr-433	1332	6	accompanying	accompany	VERB
ftr-433	1332	7	text	text	NOUN
ftr-433	1332	8	.	.	PUNCT
ftr-433	1333	1	as	as	ADP
ftr-433	1333	2	with	with	ADP
ftr-433	1333	3	irr	irr	PROPN
ftr-433	1333	4	etr	etr	PROPN
ftr-433	1333	5	,	,	PUNCT
ftr-433	1333	6	it	it	PRON
ftr-433	1333	7	is	be	AUX
ftr-433	1333	8	also	also	ADV
ftr-433	1333	9	possible	possible	ADJ
ftr-433	1333	10	to	to	PART
ftr-433	1333	11	use	use	VERB
ftr-433	1333	12	npv	npv	NOUN
ftr-433	1333	13	etr	etr	PROPN
ftr-433	1333	14	to	to	PART
ftr-433	1333	15	compare	compare	VERB
ftr-433	1333	16	the	the	DET
ftr-433	1333	17	taxation	taxation	NOUN
ftr-433	1333	18	of	of	ADP
ftr-433	1333	19	capital	capital	NOUN
ftr-433	1333	20	income	income	NOUN
ftr-433	1333	21	in	in	ADP
ftr-433	1333	22	all	all	DET
ftr-433	1333	23	three	three	NUM
ftr-433	1333	24	major	major	ADJ
ftr-433	1333	25	tax	tax	NOUN
ftr-433	1333	26	bases	basis	NOUN
ftr-433	1333	27	.	.	PUNCT
ftr-433	1334	1	1	1	NUM
ftr-433	1334	2	2	2	NUM
ftr-433	1334	3	1tax	1tax	NUM
ftr-433	1334	4	rate	rate	NOUN
ftr-433	1334	5	.	.	PUNCT
ftr-433	1335	1	thus	thus	ADV
ftr-433	1335	2	,	,	PUNCT
ftr-433	1335	3	the	the	DET
ftr-433	1335	4	irr	irr	PROPN
ftr-433	1335	5	etr	etr	PROPN
ftr-433	1335	6	,	,	PUNCT
ftr-433	1335	7	which	which	PRON
ftr-433	1335	8	is	be	AUX
ftr-433	1335	9	based	base	VERB
ftr-433	1335	10	on	on	ADP
ftr-433	1335	11	the	the	DET
ftr-433	1335	12	formula	formula	NOUN
ftr-433	1335	13	(	(	PUNCT
ftr-433	1335	14	irr	irr	NOUN
ftr-433	1335	15	irr	irr	NOUN
ftr-433	1335	16	)	)	PUNCT
ftr-433	1335	17	/irr	/irr	PUNCT
ftr-433	1335	18	,	,	PUNCT
ftr-433	1335	19	always	always	ADV
ftr-433	1335	20	equals	equal	VERB
ftr-433	1335	21	the	the	DET
ftr-433	1335	22	nominal	nominal	ADJ
ftr-433	1335	23	tax	tax	NOUN
ftr-433	1335	24	rate	rate	NOUN
ftr-433	1335	25	,	,	PUNCT
ftr-433	1335	26	regardless	regardless	ADV
ftr-433	1335	27	of	of	ADP
ftr-433	1335	28	the	the	DET
ftr-433	1335	29	tax	tax	NOUN
ftr-433	1335	30	rate	rate	NOUN
ftr-433	1335	31	,	,	PUNCT
ftr-433	1335	32	and	and	CCONJ
ftr-433	1335	33	regardless	regardless	ADV
ftr-433	1335	34	of	of	ADP
ftr-433	1335	35	the	the	DET
ftr-433	1335	36	yield	yield	NOUN
ftr-433	1335	37	rate	rate	NOUN
ftr-433	1335	38	involved	involve	VERB
ftr-433	1335	39	.	.	PUNCT
ftr-433	1336	1	economic	economic	ADJ
ftr-433	1336	2	cost	cost	NOUN
ftr-433	1336	3	recovery	recovery	NOUN
ftr-433	1336	4	always	always	ADV
ftr-433	1336	5	produces	produce	VERB
ftr-433	1336	6	what	what	PRON
ftr-433	1336	7	seems175	seems175	PRON
ftr-433	1336	8	to	to	PART
ftr-433	1336	9	be	be	AUX
ftr-433	1336	10	the	the	DET
ftr-433	1336	11	ideal	ideal	ADJ
ftr-433	1336	12	irr	irr	PROPN
ftr-433	1336	13	etr	etr	PROPN
ftr-433	1336	14	,	,	PUNCT
ftr-433	1336	15	at	at	ADP
ftr-433	1336	16	least	least	ADJ
ftr-433	1336	17	in	in	ADP
ftr-433	1336	18	the	the	DET
ftr-433	1336	19	context	context	NOUN
ftr-433	1336	20	of	of	ADP
ftr-433	1336	21	a	a	DET
ftr-433	1336	22	financial	financial	ADJ
ftr-433	1336	23	asset	asset	NOUN
ftr-433	1336	24	-	-	PUNCT
ftr-433	1336	25	based	base	VERB
ftr-433	1336	26	investment	investment	NOUN
ftr-433	1336	27	model	model	NOUN
ftr-433	1336	28	.	.	PUNCT
ftr-433	1337	1	however	however	ADV
ftr-433	1337	2	,	,	PUNCT
ftr-433	1337	3	this	this	PRON
ftr-433	1337	4	only	only	ADV
ftr-433	1337	5	happens	happen	VERB
ftr-433	1337	6	because	because	SCONJ
ftr-433	1337	7	economic	economic	ADJ
ftr-433	1337	8	cost	cost	NOUN
ftr-433	1337	9	recovery	recovery	NOUN
ftr-433	1337	10	is	be	AUX
ftr-433	1337	11	computed	compute	VERB
ftr-433	1337	12	by	by	ADP
ftr-433	1337	13	annually	annually	ADV
ftr-433	1337	14	discounting	discount	VERB
ftr-433	1337	15	the	the	DET
ftr-433	1337	16	future	future	ADJ
ftr-433	1337	17	yield	yield	NOUN
ftr-433	1337	18	stream	stream	NOUN
ftr-433	1337	19	by	by	ADP
ftr-433	1337	20	the	the	DET
ftr-433	1337	21	yield	yield	NOUN
ftr-433	1337	22	rate	rate	NOUN
ftr-433	1337	23	and	and	CCONJ
ftr-433	1337	24	annually	annually	ADV
ftr-433	1337	25	deducting	deduct	VERB
ftr-433	1337	26	the	the	DET
ftr-433	1337	27	resulting	result	VERB
ftr-433	1337	28	decrease	decrease	NOUN
ftr-433	1337	29	in	in	ADP
ftr-433	1337	30	the	the	DET
ftr-433	1337	31	yield	yield	NOUN
ftr-433	1337	32	stream	stream	NOUN
ftr-433	1337	33	’s	’s	PART
ftr-433	1337	34	present	present	ADJ
ftr-433	1337	35	value	value	NOUN
ftr-433	1337	36	.	.	PUNCT
ftr-433	1338	1	because	because	SCONJ
ftr-433	1338	2	the	the	DET
ftr-433	1338	3	difference	difference	NOUN
ftr-433	1338	4	between	between	ADP
ftr-433	1338	5	the	the	DET
ftr-433	1338	6	discounting	discount	VERB
ftr-433	1338	7	factors	factor	NOUN
ftr-433	1338	8	for	for	ADP
ftr-433	1338	9	the	the	DET
ftr-433	1338	10	pre	pre	NOUN
ftr-433	1338	11	-	-	NOUN
ftr-433	1338	12	tax	tax	NOUN
ftr-433	1338	13	and	and	CCONJ
ftr-433	1338	14	after2	after2	NOUN
ftr-433	1338	15	1tax	1tax	NUM
ftr-433	1338	16	yield	yield	NOUN
ftr-433	1338	17	streams	stream	NOUN
ftr-433	1338	18	is	be	AUX
ftr-433	1338	19	the	the	DET
ftr-433	1338	20	tax	tax	NOUN
ftr-433	1338	21	rate	rate	NOUN
ftr-433	1338	22	(	(	PUNCT
ftr-433	1338	23	so	so	SCONJ
ftr-433	1338	24	that	that	SCONJ
ftr-433	1338	25	y	y	PROPN
ftr-433	1338	26	=	=	SYM
ftr-433	1338	27	y	y	PROPN
ftr-433	1338	28	x	x	SYM
ftr-433	1338	29	1	1	NUM
ftr-433	1338	30	–	–	PUNCT
ftr-433	1338	31	t	t	PROPN
ftr-433	1338	32	)	)	PUNCT
ftr-433	1338	33	,	,	PUNCT
ftr-433	1338	34	the	the	DET
ftr-433	1338	35	irr	irr	NOUN
ftr-433	1338	36	’s	’s	NOUN
ftr-433	1338	37	of	of	ADP
ftr-433	1338	38	the	the	DET
ftr-433	1338	39	pre	pre	NOUN
ftr-433	1338	40	-	-	NOUN
ftr-433	1338	41	tax	tax	NOUN
ftr-433	1338	42	and	and	CCONJ
ftr-433	1338	43	after	after	ADP
ftr-433	1338	44	-	-	PUNCT
ftr-433	1338	45	tax	tax	NOUN
ftr-433	1338	46	cash	cash	NOUN
ftr-433	1338	47	flows	flow	NOUN
ftr-433	1338	48	always	always	ADV
ftr-433	1338	49	bear	bear	VERB
ftr-433	1338	50	the	the	DET
ftr-433	1338	51	same	same	ADJ
ftr-433	1338	52	ratio	ratio	NOUN
ftr-433	1338	53	,	,	PUNCT
ftr-433	1338	54	and	and	CCONJ
ftr-433	1338	55	the	the	DET
ftr-433	1338	56	irr	irr	NOUN
ftr-433	1338	57	etr	etr	PROPN
ftr-433	1338	58	always	always	ADV
ftr-433	1338	59	equals	equal	VERB
ftr-433	1338	60	the	the	DET
ftr-433	1338	61	nominal	nominal	ADJ
ftr-433	1338	62	tax	tax	NOUN
ftr-433	1338	63	rate	rate	NOUN
ftr-433	1338	64	.	.	PUNCT
ftr-433	1339	1	expensing	expense	VERB
ftr-433	1339	2	,	,	PUNCT
ftr-433	1339	3	on	on	ADP
ftr-433	1339	4	the	the	DET
ftr-433	1339	5	other	other	ADJ
ftr-433	1339	6	hand	hand	NOUN
ftr-433	1339	7	,	,	PUNCT
ftr-433	1339	8	does	do	AUX
ftr-433	1339	9	not	not	PART
ftr-433	1339	10	start	start	VERB
ftr-433	1339	11	with	with	ADP
ftr-433	1339	12	one	one	NUM
ftr-433	1339	13	investment	investment	NOUN
ftr-433	1339	14	amount	amount	NOUN
ftr-433	1339	15	and	and	CCONJ
ftr-433	1339	16	discount	discount	VERB
ftr-433	1339	17	the	the	DET
ftr-433	1339	18	yield	yield	NOUN
ftr-433	1339	19	stream	stream	NOUN
ftr-433	1339	20	by	by	ADP
ftr-433	1339	21	two	two	NUM
ftr-433	1339	22	different	different	ADJ
ftr-433	1339	23	discount	discount	NOUN
ftr-433	1339	24	rates	rate	NOUN
ftr-433	1339	25	that	that	PRON
ftr-433	1339	26	are	be	AUX
ftr-433	1339	27	related	relate	VERB
ftr-433	1339	28	to	to	ADP
ftr-433	1339	29	each	each	DET
ftr-433	1339	30	other	other	ADJ
ftr-433	1339	31	by	by	ADP
ftr-433	1339	32	the	the	DET
ftr-433	1339	33	tax	tax	NOUN
ftr-433	1339	34	rate	rate	NOUN
ftr-433	1339	35	.	.	PUNCT
ftr-433	1340	1	instead	instead	ADV
ftr-433	1340	2	,	,	PUNCT
ftr-433	1340	3	expensing	expense	VERB
ftr-433	1340	4	involves	involve	VERB
ftr-433	1340	5	two	two	NUM
ftr-433	1340	6	different	different	ADJ
ftr-433	1340	7	investment	investment	NOUN
ftr-433	1340	8	amounts	amount	NOUN
ftr-433	1340	9	,	,	PUNCT
ftr-433	1340	10	the	the	DET
ftr-433	1340	11	taxpayer	taxpayer	NOUN
ftr-433	1340	12	’s	’s	PART
ftr-433	1340	13	pre	pre	ADJ
ftr-433	1340	14	-	-	ADJ
ftr-433	1340	15	tax	tax	ADJ
ftr-433	1340	16	investment	investment	NOUN
ftr-433	1340	17	and	and	CCONJ
ftr-433	1340	18	the	the	DET
ftr-433	1340	19	taxpayer	taxpayer	NOUN
ftr-433	1340	20	’s	’s	PART
ftr-433	1340	21	aftertax	aftertax	ADJ
ftr-433	1340	22	investment	investment	NOUN
ftr-433	1340	23	,	,	PUNCT
ftr-433	1340	24	both	both	PRON
ftr-433	1340	25	of	of	ADP
ftr-433	1340	26	which	which	PRON
ftr-433	1340	27	produce	produce	VERB
ftr-433	1340	28	a	a	DET
ftr-433	1340	29	yield	yield	NOUN
ftr-433	1340	30	stream	stream	NOUN
ftr-433	1340	31	.	.	PUNCT
ftr-433	1341	1	both	both	PRON
ftr-433	1341	2	the	the	DET
ftr-433	1341	3	amounts	amount	NOUN
ftr-433	1341	4	of	of	ADP
ftr-433	1341	5	the	the	DET
ftr-433	1341	6	investments	investment	NOUN
ftr-433	1341	7	and	and	CCONJ
ftr-433	1341	8	the	the	DET
ftr-433	1341	9	yield	yield	NOUN
ftr-433	1341	10	streams	stream	NOUN
ftr-433	1341	11	are	be	AUX
ftr-433	1341	12	related	relate	VERB
ftr-433	1341	13	to	to	ADP
ftr-433	1341	14	each	each	DET
ftr-433	1341	15	other	other	ADJ
ftr-433	1341	16	by	by	ADP
ftr-433	1341	17	the	the	DET
ftr-433	1341	18	tax	tax	NOUN
ftr-433	1341	19	rate	rate	NOUN
ftr-433	1341	20	.	.	PUNCT
ftr-433	1342	1	because	because	SCONJ
ftr-433	1342	2	pre	pre	ADJ
ftr-433	1342	3	-	-	ADJ
ftr-433	1342	4	tax	tax	ADJ
ftr-433	1342	5	investment	investment	NOUN
ftr-433	1342	6	(	(	PUNCT
ftr-433	1342	7	i	i	NOUN
ftr-433	1342	8	)	)	PUNCT
ftr-433	1342	9	produces	produce	VERB
ftr-433	1342	10	yield	yield	NOUN
ftr-433	1342	11	(	(	PUNCT
ftr-433	1342	12	y	y	NOUN
ftr-433	1342	13	)	)	PUNCT
ftr-433	1342	14	,	,	PUNCT
ftr-433	1342	15	and	and	CCONJ
ftr-433	1342	16	because	because	SCONJ
ftr-433	1342	17	after	after	ADP
ftr-433	1342	18	-	-	PUNCT
ftr-433	1342	19	tax	tax	NOUN
ftr-433	1342	20	investment	investment	NOUN
ftr-433	1342	21	[	[	X
ftr-433	1342	22	i	i	NOUN
ftr-433	1342	23	x	x	X
ftr-433	1342	24	(	(	PUNCT
ftr-433	1342	25	1	1	NUM
ftr-433	1342	26	–	–	PUNCT
ftr-433	1342	27	t	t	NOUN
ftr-433	1342	28	)	)	PUNCT
ftr-433	1342	29	]	]	PUNCT
ftr-433	1342	30	produces	produce	VERB
ftr-433	1342	31	yield	yield	NOUN
ftr-433	1342	32	of	of	ADP
ftr-433	1342	33	[	[	X
ftr-433	1342	34	(	(	PUNCT
ftr-433	1342	35	i	i	NOUN
ftr-433	1342	36	x	x	NOUN
ftr-433	1342	37	y	y	NOUN
ftr-433	1342	38	)	)	PUNCT
ftr-433	1342	39	x	x	X
ftr-433	1343	1	(	(	PUNCT
ftr-433	1343	2	1	1	NUM
ftr-433	1343	3	–	–	PUNCT
ftr-433	1343	4	t	t	PROPN
ftr-433	1343	5	)	)	PUNCT
ftr-433	1343	6	]	]	PUNCT
ftr-433	1343	7	,	,	PUNCT
ftr-433	1343	8	the	the	DET
ftr-433	1343	9	yield	yield	NOUN
ftr-433	1343	10	streams	stream	NOUN
ftr-433	1343	11	,	,	PUNCT
ftr-433	1343	12	although	although	SCONJ
ftr-433	1343	13	produced	produce	VERB
ftr-433	1343	14	by	by	ADP
ftr-433	1343	15	different	different	ADJ
ftr-433	1343	16	investment	investment	NOUN
ftr-433	1343	17	amounts	amount	NOUN
ftr-433	1343	18	,	,	PUNCT
ftr-433	1343	19	have	have	VERB
ftr-433	1343	20	identical	identical	ADJ
ftr-433	1343	21	rates	rate	NOUN
ftr-433	1343	22	of	of	ADP
ftr-433	1343	23	return	return	NOUN
ftr-433	1343	24	,	,	PUNCT
ftr-433	1343	25	and	and	CCONJ
ftr-433	1343	26	that	that	DET
ftr-433	1343	27	rate	rate	NOUN
ftr-433	1343	28	is	be	AUX
ftr-433	1343	29	(	(	PUNCT
ftr-433	1343	30	y	y	NOUN
ftr-433	1343	31	)	)	PUNCT
ftr-433	1343	32	.	.	PUNCT
ftr-433	1344	1	thus	thus	ADV
ftr-433	1344	2	expensed	expense	VERB
ftr-433	1344	3	assets	asset	NOUN
ftr-433	1344	4	produce	produce	VERB
ftr-433	1344	5	a	a	DET
ftr-433	1344	6	0	0	NUM
ftr-433	1344	7	%	%	NOUN
ftr-433	1344	8	irr	irr	NOUN
ftr-433	1344	9	etr	etr	PROPN
ftr-433	1344	10	2	2	NUM
ftr-433	1344	11	1because	1because	NUM
ftr-433	1344	12	y	y	NOUN
ftr-433	1344	13	/y	/y	PUNCT
ftr-433	1345	1	=	=	PUNCT
ftr-433	1345	2	1	1	X
ftr-433	1345	3	.	.	X
ftr-433	1346	1	all	all	PRON
ftr-433	1346	2	told	tell	VERB
ftr-433	1346	3	,	,	PUNCT
ftr-433	1346	4	analysis	analysis	NOUN
ftr-433	1346	5	based	base	VERB
ftr-433	1346	6	on	on	ADP
ftr-433	1346	7	irr	irr	PROPN
ftr-433	1346	8	etr	etr	PROPN
ftr-433	1346	9	can	can	AUX
ftr-433	1346	10	not	not	PART
ftr-433	1346	11	establish	establish	VERB
ftr-433	1346	12	that	that	SCONJ
ftr-433	1346	13	any	any	DET
ftr-433	1346	14	rbit	rbit	NOUN
ftr-433	1346	15	base	base	NOUN
ftr-433	1346	16	cost	cost	NOUN
ftr-433	1346	17	recovery	recovery	NOUN
ftr-433	1346	18	method	method	NOUN
ftr-433	1346	19	is	be	AUX
ftr-433	1346	20	the	the	DET
ftr-433	1346	21	normative	normative	ADJ
ftr-433	1346	22	cost	cost	NOUN
ftr-433	1346	23	recovery	recovery	NOUN
ftr-433	1346	24	method	method	NOUN
ftr-433	1346	25	for	for	ADP
ftr-433	1346	26	a	a	DET
ftr-433	1346	27	rbit	rbit	NOUN
ftr-433	1346	28	base	base	NOUN
ftr-433	1346	29	.	.	PUNCT
ftr-433	1347	1	the	the	DET
ftr-433	1347	2	irr	irr	PROPN
ftr-433	1347	3	etr	etr	PROPN
ftr-433	1347	4	criterion	criterion	NOUN
ftr-433	1347	5	illustrates	illustrate	VERB
ftr-433	1347	6	the	the	DET
ftr-433	1347	7	different	different	ADJ
ftr-433	1347	8	ways	way	NOUN
ftr-433	1347	9	in	in	ADP
ftr-433	1347	10	which	which	PRON
ftr-433	1347	11	capital	capital	NOUN
ftr-433	1347	12	cost	cost	NOUN
ftr-433	1347	13	recovery	recovery	NOUN
ftr-433	1347	14	methods	method	NOUN
ftr-433	1347	15	impact	impact	VERB
ftr-433	1347	16	a	a	DET
ftr-433	1347	17	rbit	rbit	NOUN
ftr-433	1347	18	base	base	NOUN
ftr-433	1347	19	financially	financially	ADV
ftr-433	1347	20	,	,	PUNCT
ftr-433	1347	21	but	but	CCONJ
ftr-433	1347	22	ultimately	ultimately	ADV
ftr-433	1347	23	,	,	PUNCT
ftr-433	1347	24	this	this	DET
ftr-433	1347	25	criterion	criterion	NOUN
ftr-433	1347	26	is	be	AUX
ftr-433	1347	27	insufficient	insufficient	ADJ
ftr-433	1347	28	to	to	PART
ftr-433	1347	29	determine	determine	VERB
ftr-433	1347	30	which	which	PRON
ftr-433	1347	31	of	of	ADP
ftr-433	1347	32	the	the	DET
ftr-433	1347	33	cost	cost	NOUN
ftr-433	1347	34	recovery	recovery	NOUN
ftr-433	1347	35	methods	method	NOUN
ftr-433	1347	36	best	well	ADV
ftr-433	1347	37	accommodates	accommodate	VERB
ftr-433	1347	38	rbit	rbit	NOUN
ftr-433	1347	39	base	base	NOUN
ftr-433	1347	40	structural	structural	ADJ
ftr-433	1347	41	and	and	CCONJ
ftr-433	1347	42	accounting	accounting	NOUN
ftr-433	1347	43	principles	principle	NOUN
ftr-433	1347	44	.	.	PUNCT
ftr-433	1348	1	2	2	X
ftr-433	1348	2	.	.	X
ftr-433	1348	3	npv	npv	NOUN
ftr-433	1348	4	effective	effective	ADJ
ftr-433	1348	5	tax	tax	NOUN
ftr-433	1348	6	rates.—the	rates.—the	DET
ftr-433	1348	7	use	use	NOUN
ftr-433	1348	8	of	of	ADP
ftr-433	1348	9	npv	npv	NOUN
ftr-433	1348	10	effective	effective	ADJ
ftr-433	1348	11	tax	tax	NOUN
ftr-433	1348	12	rates	rate	NOUN
ftr-433	1348	13	seems	seem	VERB
ftr-433	1348	14	to	to	PART
ftr-433	1348	15	support	support	VERB
ftr-433	1348	16	the	the	DET
ftr-433	1348	17	normative	normative	ADJ
ftr-433	1348	18	status	status	NOUN
ftr-433	1348	19	of	of	ADP
ftr-433	1348	20	capital	capital	NOUN
ftr-433	1348	21	expensing	expensing	NOUN
ftr-433	1348	22	.	.	PUNCT
ftr-433	1349	1	for	for	ADP
ftr-433	1349	2	example	example	NOUN
ftr-433	1349	3	,	,	PUNCT
ftr-433	1349	4	figure	figure	NOUN
ftr-433	1349	5	7176	7176	NUM
ftr-433	1349	6	below	below	ADV
ftr-433	1349	7	shows	show	VERB
ftr-433	1349	8	the	the	DET
ftr-433	1349	9	npv	npv	PROPN
ftr-433	1349	10	etr	etr	PROPN
ftr-433	1349	11	produced	produce	VERB
ftr-433	1349	12	by	by	ADP
ftr-433	1349	13	each	each	DET
ftr-433	1349	14	cost	cost	NOUN
ftr-433	1349	15	recovery	recovery	NOUN
ftr-433	1349	16	method	method	NOUN
ftr-433	1349	17	across	across	ADP
ftr-433	1349	18	a	a	DET
ftr-433	1349	19	range	range	NOUN
ftr-433	1349	20	of	of	ADP
ftr-433	1349	21	yield	yield	NOUN
ftr-433	1349	22	rates	rate	NOUN
ftr-433	1349	23	using	use	VERB
ftr-433	1349	24	our	our	PRON
ftr-433	1349	25	baseline	baseline	ADJ
ftr-433	1349	26	investment	investment	NOUN
ftr-433	1349	27	model	model	NOUN
ftr-433	1349	28	.	.	PUNCT
ftr-433	1350	1	as	as	SCONJ
ftr-433	1350	2	in	in	ADP
ftr-433	1350	3	figure	figure	NOUN
ftr-433	1350	4	5	5	NUM
ftr-433	1350	5	,	,	PUNCT
ftr-433	1350	6	the	the	DET
ftr-433	1350	7	tax	tax	NOUN
ftr-433	1350	8	rate	rate	NOUN
ftr-433	1350	9	is	be	AUX
ftr-433	1350	10	50	50	NUM
ftr-433	1350	11	%	%	NOUN
ftr-433	1350	12	,	,	PUNCT
ftr-433	1350	13	but	but	CCONJ
ftr-433	1350	14	the	the	DET
ftr-433	1350	15	yield	yield	NOUN
ftr-433	1350	16	rates	rate	NOUN
ftr-433	1350	17	now	now	ADV
ftr-433	1350	18	range	range	VERB
ftr-433	1350	19	from	from	ADP
ftr-433	1350	20	14	14	NUM
ftr-433	1350	21	%	%	NOUN
ftr-433	1350	22	to	to	ADP
ftr-433	1350	23	26	26	NUM
ftr-433	1350	24	%	%	NOUN
ftr-433	1350	25	.	.	PUNCT
ftr-433	1351	1	2002	2002	NUM
ftr-433	1351	2	]	]	PUNCT
ftr-433	1351	3	normative	normative	ADJ
ftr-433	1351	4	capital	capital	NOUN
ftr-433	1351	5	cost	cost	NOUN
ftr-433	1351	6	recovery	recovery	NOUN
ftr-433	1351	7	533	533	NUM
ftr-433	1351	8	177	177	NUM
ftr-433	1351	9	.	.	PUNCT
ftr-433	1352	1	the	the	DET
ftr-433	1352	2	general	general	ADJ
ftr-433	1352	3	slope	slope	NOUN
ftr-433	1352	4	of	of	ADP
ftr-433	1352	5	the	the	DET
ftr-433	1352	6	economic	economic	ADJ
ftr-433	1352	7	cost	cost	NOUN
ftr-433	1352	8	recovery	recovery	NOUN
ftr-433	1352	9	line	line	NOUN
ftr-433	1352	10	is	be	AUX
ftr-433	1352	11	the	the	DET
ftr-433	1352	12	same	same	ADJ
ftr-433	1352	13	1regardless	1regardless	NUM
ftr-433	1352	14	of	of	ADP
ftr-433	1352	15	the	the	DET
ftr-433	1352	16	range	range	NOUN
ftr-433	1352	17	of	of	ADP
ftr-433	1352	18	yield	yield	NOUN
ftr-433	1352	19	rates	rate	NOUN
ftr-433	1352	20	if	if	SCONJ
ftr-433	1352	21	at	at	ADP
ftr-433	1352	22	least	least	ADJ
ftr-433	1352	23	some	some	PRON
ftr-433	1352	24	of	of	ADP
ftr-433	1352	25	the	the	DET
ftr-433	1352	26	yield	yield	NOUN
ftr-433	1352	27	rates	rate	NOUN
ftr-433	1352	28	exceed	exceed	VERB
ftr-433	1352	29	d	d	NOUN
ftr-433	1352	30	.	.	PUNCT
ftr-433	1353	1	although	although	SCONJ
ftr-433	1353	2	this	this	DET
ftr-433	1353	3	phenomenon	phenomenon	NOUN
ftr-433	1353	4	is	be	AUX
ftr-433	1353	5	diluted	dilute	VERB
ftr-433	1353	6	at	at	ADP
ftr-433	1353	7	higher	high	ADJ
ftr-433	1353	8	yield	yield	NOUN
ftr-433	1353	9	rates	rate	NOUN
ftr-433	1353	10	,	,	PUNCT
ftr-433	1353	11	figure	figure	VERB
ftr-433	1353	12	7	7	NUM
ftr-433	1353	13	shows	show	VERB
ftr-433	1353	14	a	a	DET
ftr-433	1353	15	range	range	NOUN
ftr-433	1353	16	of	of	ADP
ftr-433	1353	17	1yield	1yield	NUM
ftr-433	1353	18	rates	rate	NOUN
ftr-433	1353	19	that	that	PRON
ftr-433	1353	20	center	center	VERB
ftr-433	1353	21	around	around	ADP
ftr-433	1353	22	h	h	NOUN
ftr-433	1353	23	,	,	PUNCT
ftr-433	1353	24	the	the	DET
ftr-433	1353	25	taxpayer	taxpayer	NOUN
ftr-433	1353	26	pre	pre	ADJ
ftr-433	1353	27	-	-	ADJ
ftr-433	1353	28	tax	tax	ADJ
ftr-433	1353	29	hurdle	hurdle	NOUN
ftr-433	1353	30	rate	rate	NOUN
ftr-433	1353	31	.	.	PUNCT
ftr-433	1354	1	all	all	DET
ftr-433	1354	2	investments	investment	NOUN
ftr-433	1354	3	2portrayed	2portrayed	NUM
ftr-433	1354	4	in	in	ADP
ftr-433	1354	5	figure	figure	NOUN
ftr-433	1354	6	7	7	NUM
ftr-433	1354	7	produce	produce	VERB
ftr-433	1354	8	a	a	DET
ftr-433	1354	9	positive	positive	ADJ
ftr-433	1354	10	npv	npv	NOUN
ftr-433	1354	11	of	of	ADP
ftr-433	1354	12	the	the	DET
ftr-433	1354	13	atcf	atcf	NOUN
ftr-433	1354	14	,	,	PUNCT
ftr-433	1354	15	and	and	CCONJ
ftr-433	1354	16	all	all	DET
ftr-433	1354	17	those	those	PRON
ftr-433	1354	18	over	over	ADP
ftr-433	1354	19	20	20	NUM
ftr-433	1354	20	%	%	NOUN
ftr-433	1354	21	1yield	1yield	NUM
ftr-433	1354	22	show	show	VERB
ftr-433	1354	23	a	a	DET
ftr-433	1354	24	positive	positive	ADJ
ftr-433	1354	25	npv	npv	NOUN
ftr-433	1354	26	of	of	ADP
ftr-433	1354	27	the	the	DET
ftr-433	1354	28	atcf	atcf	NOUN
ftr-433	1354	29	.	.	PUNCT
ftr-433	1355	1	figure	figure	VERB
ftr-433	1355	2	7	7	NUM
ftr-433	1355	3	:	:	PUNCT
ftr-433	1355	4	npv	npv	PROPN
ftr-433	1355	5	etr	etr	PROPN
ftr-433	1355	6	for	for	ADP
ftr-433	1355	7	variable	variable	ADJ
ftr-433	1355	8	yield	yield	NOUN
ftr-433	1355	9	rates	rate	NOUN
ftr-433	1355	10	theoretical	theoretical	ADJ
ftr-433	1355	11	expensing	expensing	NOUN
ftr-433	1355	12	,	,	PUNCT
ftr-433	1355	13	rather	rather	ADV
ftr-433	1355	14	than	than	ADP
ftr-433	1355	15	economic	economic	ADJ
ftr-433	1355	16	cost	cost	NOUN
ftr-433	1355	17	recovery	recovery	NOUN
ftr-433	1355	18	,	,	PUNCT
ftr-433	1355	19	now	now	ADV
ftr-433	1355	20	creates	create	VERB
ftr-433	1355	21	a	a	DET
ftr-433	1355	22	normative	normative	ADJ
ftr-433	1355	23	financial	financial	ADJ
ftr-433	1355	24	effective	effective	ADJ
ftr-433	1355	25	tax	tax	NOUN
ftr-433	1355	26	rate	rate	NOUN
ftr-433	1355	27	at	at	ADP
ftr-433	1355	28	every	every	DET
ftr-433	1355	29	yield	yield	NOUN
ftr-433	1355	30	rate	rate	NOUN
ftr-433	1355	31	shown	show	VERB
ftr-433	1355	32	,	,	PUNCT
ftr-433	1355	33	thus	thus	ADV
ftr-433	1355	34	staking	stake	VERB
ftr-433	1355	35	its	its	PRON
ftr-433	1355	36	claim	claim	NOUN
ftr-433	1355	37	to	to	PART
ftr-433	1355	38	be	be	AUX
ftr-433	1355	39	the	the	DET
ftr-433	1355	40	normative	normative	ADJ
ftr-433	1355	41	capital	capital	NOUN
ftr-433	1355	42	cost	cost	NOUN
ftr-433	1355	43	recovery	recovery	NOUN
ftr-433	1355	44	method	method	NOUN
ftr-433	1355	45	in	in	ADP
ftr-433	1355	46	a	a	DET
ftr-433	1355	47	rbit	rbit	NOUN
ftr-433	1355	48	base	base	NOUN
ftr-433	1355	49	.	.	PUNCT
ftr-433	1356	1	as	as	SCONJ
ftr-433	1356	2	shown	show	VERB
ftr-433	1356	3	earlier	early	ADV
ftr-433	1356	4	,	,	PUNCT
ftr-433	1356	5	economic	economic	ADJ
ftr-433	1356	6	cost	cost	NOUN
ftr-433	1356	7	recovery	recovery	NOUN
ftr-433	1356	8	uses	use	VERB
ftr-433	1356	9	the	the	DET
ftr-433	1356	10	pre	pre	ADJ
ftr-433	1356	11	-	-	ADJ
ftr-433	1356	12	tax	tax	ADJ
ftr-433	1356	13	discount	discount	NOUN
ftr-433	1356	14	rate	rate	NOUN
ftr-433	1356	15	as	as	ADP
ftr-433	1356	16	a	a	DET
ftr-433	1356	17	1baseline	1baseline	NUM
ftr-433	1356	18	and	and	CCONJ
ftr-433	1356	19	taxes	taxis	NOUN
ftr-433	1356	20	yield	yield	VERB
ftr-433	1356	21	to	to	ADP
ftr-433	1356	22	the	the	DET
ftr-433	1356	23	extent	extent	NOUN
ftr-433	1356	24	of	of	ADP
ftr-433	1356	25	d	d	PROPN
ftr-433	1356	26	at	at	ADP
ftr-433	1356	27	a	a	DET
ftr-433	1356	28	100	100	NUM
ftr-433	1356	29	%	%	NOUN
ftr-433	1356	30	npv	npv	PROPN
ftr-433	1356	31	etr	etr	PROPN
ftr-433	1356	32	.	.	PUNCT
ftr-433	1357	1	as	as	ADP
ftr-433	1357	2	a	a	DET
ftr-433	1357	3	result	result	NOUN
ftr-433	1357	4	,	,	PUNCT
ftr-433	1357	5	although	although	SCONJ
ftr-433	1357	6	economic	economic	ADJ
ftr-433	1357	7	(	(	PUNCT
ftr-433	1357	8	and	and	CCONJ
ftr-433	1357	9	to	to	ADP
ftr-433	1357	10	a	a	DET
ftr-433	1357	11	lesser	less	ADJ
ftr-433	1357	12	extent	extent	NOUN
ftr-433	1357	13	accelerated	accelerate	VERB
ftr-433	1357	14	)	)	PUNCT
ftr-433	1357	15	cost	cost	NOUN
ftr-433	1357	16	recovery	recovery	NOUN
ftr-433	1357	17	causes	cause	VERB
ftr-433	1357	18	1yield	1yield	NUM
ftr-433	1357	19	in	in	ADP
ftr-433	1357	20	excess	excess	NOUN
ftr-433	1357	21	of	of	ADP
ftr-433	1357	22	d	d	NOUN
ftr-433	1357	23	to	to	PART
ftr-433	1357	24	be	be	AUX
ftr-433	1357	25	taxed	tax	VERB
ftr-433	1357	26	almost	almost	ADV
ftr-433	1357	27	at	at	ADP
ftr-433	1357	28	the	the	DET
ftr-433	1357	29	ideal	ideal	ADJ
ftr-433	1357	30	npv	npv	PROPN
ftr-433	1357	31	etr	etr	PROPN
ftr-433	1357	32	,	,	PUNCT
ftr-433	1357	33	the	the	DET
ftr-433	1357	34	total	total	ADJ
ftr-433	1357	35	npv	npv	NOUN
ftr-433	1357	36	etr	etr	PROPN
ftr-433	1357	37	never	never	ADV
ftr-433	1357	38	quite	quite	ADV
ftr-433	1357	39	reaches	reach	VERB
ftr-433	1357	40	the	the	DET
ftr-433	1357	41	nominal	nominal	ADJ
ftr-433	1357	42	tax	tax	NOUN
ftr-433	1357	43	rate	rate	NOUN
ftr-433	1357	44	.	.	PUNCT
ftr-433	1358	1	these	these	DET
ftr-433	1358	2	npv	npv	PROPN
ftr-433	1358	3	etr	etr	PROPN
ftr-433	1358	4	’s	’s	PART
ftr-433	1358	5	show	show	VERB
ftr-433	1358	6	that177	that177	PROPN
ftr-433	1358	7	the	the	DET
ftr-433	1358	8	intrinsic	intrinsic	ADJ
ftr-433	1358	9	function	function	NOUN
ftr-433	1358	10	of	of	ADP
ftr-433	1358	11	economic	economic	ADJ
ftr-433	1358	12	cost	cost	NOUN
ftr-433	1358	13	recovery	recovery	NOUN
ftr-433	1358	14	is	be	AUX
ftr-433	1358	15	to	to	PART
ftr-433	1358	16	measure	measure	VERB
ftr-433	1358	17	asset	asset	NOUN
ftr-433	1358	18	value	value	NOUN
ftr-433	1358	19	instead	instead	ADV
ftr-433	1358	20	of	of	ADP
ftr-433	1358	21	realized	realize	VERB
ftr-433	1358	22	income	income	NOUN
ftr-433	1358	23	,	,	PUNCT
ftr-433	1358	24	thus	thus	ADV
ftr-433	1358	25	proving	prove	VERB
ftr-433	1358	26	its	its	PRON
ftr-433	1358	27	invalidity	invalidity	NOUN
ftr-433	1358	28	as	as	ADP
ftr-433	1358	29	a	a	DET
ftr-433	1358	30	device	device	NOUN
ftr-433	1358	31	for	for	ADP
ftr-433	1358	32	normatively	normatively	ADV
ftr-433	1358	33	measuring	measure	VERB
ftr-433	1358	34	realized	realize	VERB
ftr-433	1358	35	capital	capital	NOUN
ftr-433	1358	36	income	income	NOUN
ftr-433	1358	37	taxation	taxation	NOUN
ftr-433	1358	38	in	in	ADP
ftr-433	1358	39	a	a	DET
ftr-433	1358	40	rbit	rbit	NOUN
ftr-433	1358	41	base	base	NOUN
ftr-433	1358	42	.	.	PUNCT
ftr-433	1359	1	capital	capital	NOUN
ftr-433	1359	2	expensing	expensing	NOUN
ftr-433	1359	3	is	be	AUX
ftr-433	1359	4	clearly	clearly	ADV
ftr-433	1359	5	the	the	DET
ftr-433	1359	6	only	only	ADJ
ftr-433	1359	7	cost	cost	NOUN
ftr-433	1359	8	recovery	recovery	NOUN
ftr-433	1359	9	method	method	NOUN
ftr-433	1359	10	that	that	PRON
ftr-433	1359	11	seems	seem	VERB
ftr-433	1359	12	to	to	PART
ftr-433	1359	13	cause	cause	VERB
ftr-433	1359	14	normative	normative	ADJ
ftr-433	1359	15	capital	capital	NOUN
ftr-433	1359	16	income	income	NOUN
ftr-433	1359	17	taxation	taxation	NOUN
ftr-433	1359	18	of	of	ADP
ftr-433	1359	19	short	short	ADV
ftr-433	1359	20	-	-	PUNCT
ftr-433	1359	21	lived	live	VERB
ftr-433	1359	22	depreciable	depreciable	ADJ
ftr-433	1359	23	assets	asset	NOUN
ftr-433	1359	24	using	use	VERB
ftr-433	1359	25	npv	npv	NOUN
ftr-433	1359	26	etr	etr	PROPN
ftr-433	1359	27	as	as	ADP
ftr-433	1359	28	a	a	DET
ftr-433	1359	29	financial	financial	ADJ
ftr-433	1359	30	criterion	criterion	NOUN
ftr-433	1359	31	,	,	PUNCT
ftr-433	1359	32	at	at	ADP
ftr-433	1359	33	least	least	ADJ
ftr-433	1359	34	under	under	ADP
ftr-433	1359	35	the	the	DET
ftr-433	1359	36	circumstances	circumstance	NOUN
ftr-433	1359	37	shown	show	VERB
ftr-433	1359	38	in	in	ADP
ftr-433	1359	39	figure	figure	NOUN
ftr-433	1359	40	7	7	NUM
ftr-433	1359	41	.	.	NUM
ftr-433	1359	42	534	534	NUM
ftr-433	1359	43	florida	florida	PROPN
ftr-433	1359	44	tax	tax	NOUN
ftr-433	1359	45	review	review	NOUN
ftr-433	1359	46	[	[	X
ftr-433	1359	47	vol	vol	NOUN
ftr-433	1359	48	.	.	PUNCT
ftr-433	1360	1	5:7	5:7	NUM
ftr-433	1360	2	178	178	NUM
ftr-433	1360	3	.	.	PUNCT
ftr-433	1361	1	as	as	SCONJ
ftr-433	1361	2	explained	explain	VERB
ftr-433	1361	3	earlier	early	ADV
ftr-433	1361	4	,	,	PUNCT
ftr-433	1361	5	the	the	DET
ftr-433	1361	6	“	"	PUNCT
ftr-433	1361	7	bow	bow	NOUN
ftr-433	1361	8	”	"	PUNCT
ftr-433	1361	9	in	in	ADP
ftr-433	1361	10	the	the	DET
ftr-433	1361	11	plot	plot	NOUN
ftr-433	1361	12	line	line	NOUN
ftr-433	1361	13	for	for	ADP
ftr-433	1361	14	economic	economic	ADJ
ftr-433	1361	15	cost	cost	NOUN
ftr-433	1361	16	recovery	recovery	NOUN
ftr-433	1361	17	2is	2is	NOUN
ftr-433	1361	18	due	due	ADP
ftr-433	1361	19	to	to	ADP
ftr-433	1361	20	the	the	DET
ftr-433	1361	21	interaction	interaction	NOUN
ftr-433	1361	22	of	of	ADP
ftr-433	1361	23	d	d	PROPN
ftr-433	1361	24	and	and	CCONJ
ftr-433	1361	25	the	the	DET
ftr-433	1361	26	tax	tax	NOUN
ftr-433	1361	27	rate	rate	NOUN
ftr-433	1361	28	as	as	ADP
ftr-433	1361	29	the	the	DET
ftr-433	1361	30	latter	latter	ADJ
ftr-433	1361	31	increases	increase	NOUN
ftr-433	1361	32	.	.	PUNCT
ftr-433	1362	1	see	see	VERB
ftr-433	1362	2	supra	supra	PROPN
ftr-433	1362	3	note	note	PROPN
ftr-433	1362	4	167	167	NUM
ftr-433	1362	5	and	and	CCONJ
ftr-433	1362	6	accompanying	accompany	VERB
ftr-433	1362	7	text	text	NOUN
ftr-433	1362	8	.	.	PUNCT
ftr-433	1363	1	179	179	NUM
ftr-433	1363	2	.	.	PUNCT
ftr-433	1364	1	this	this	PRON
ftr-433	1364	2	occurs	occur	VERB
ftr-433	1364	3	to	to	ADP
ftr-433	1364	4	a	a	DET
ftr-433	1364	5	lesser	less	ADJ
ftr-433	1364	6	extent	extent	NOUN
ftr-433	1364	7	with	with	ADP
ftr-433	1364	8	accelerated	accelerate	VERB
ftr-433	1364	9	cost	cost	NOUN
ftr-433	1364	10	recovery	recovery	NOUN
ftr-433	1364	11	,	,	PUNCT
ftr-433	1364	12	but	but	CCONJ
ftr-433	1364	13	occurs	occur	VERB
ftr-433	1364	14	nonetheless	nonetheless	ADV
ftr-433	1364	15	.	.	PUNCT
ftr-433	1365	1	figure	figure	VERB
ftr-433	1365	2	8	8	NUM
ftr-433	1365	3	:	:	PUNCT
ftr-433	1365	4	npv	npv	PROPN
ftr-433	1365	5	etr	etr	PROPN
ftr-433	1365	6	for	for	ADP
ftr-433	1365	7	variable	variable	ADJ
ftr-433	1365	8	tax	tax	NOUN
ftr-433	1365	9	rates	rate	NOUN
ftr-433	1365	10	at	at	ADP
ftr-433	1365	11	20	20	NUM
ftr-433	1365	12	%	%	NOUN
ftr-433	1365	13	yield	yield	NOUN
ftr-433	1365	14	while	while	SCONJ
ftr-433	1365	15	figure	figure	NOUN
ftr-433	1365	16	7	7	NUM
ftr-433	1365	17	shows	show	VERB
ftr-433	1365	18	that	that	SCONJ
ftr-433	1365	19	the	the	DET
ftr-433	1365	20	economic	economic	ADJ
ftr-433	1365	21	and	and	CCONJ
ftr-433	1365	22	accelerated	accelerate	VERB
ftr-433	1365	23	cost	cost	NOUN
ftr-433	1365	24	recovery	recovery	NOUN
ftr-433	1365	25	methods	method	NOUN
ftr-433	1365	26	overstate	overstate	VERB
ftr-433	1365	27	and	and	CCONJ
ftr-433	1365	28	thus	thus	ADV
ftr-433	1365	29	overtax	overtax	VERB
ftr-433	1365	30	capital	capital	NOUN
ftr-433	1365	31	income	income	NOUN
ftr-433	1365	32	financially	financially	ADV
ftr-433	1365	33	across	across	ADP
ftr-433	1365	34	a	a	DET
ftr-433	1365	35	range	range	NOUN
ftr-433	1365	36	of	of	ADP
ftr-433	1365	37	yield	yield	NOUN
ftr-433	1365	38	rates	rate	NOUN
ftr-433	1365	39	,	,	PUNCT
ftr-433	1365	40	figure	figure	VERB
ftr-433	1365	41	8	8	NUM
ftr-433	1365	42	shows	show	VERB
ftr-433	1365	43	that	that	SCONJ
ftr-433	1365	44	those	those	DET
ftr-433	1365	45	same	same	ADJ
ftr-433	1365	46	two	two	NUM
ftr-433	1365	47	cost	cost	NOUN
ftr-433	1365	48	recovery	recovery	NOUN
ftr-433	1365	49	methods	method	NOUN
ftr-433	1365	50	also	also	ADV
ftr-433	1365	51	overstate	overstate	VERB
ftr-433	1365	52	capital	capital	NOUN
ftr-433	1365	53	income	income	NOUN
ftr-433	1365	54	financially	financially	ADV
ftr-433	1365	55	across	across	ADP
ftr-433	1365	56	a	a	DET
ftr-433	1365	57	range	range	NOUN
ftr-433	1365	58	of	of	ADP
ftr-433	1365	59	tax	tax	NOUN
ftr-433	1365	60	rates	rate	NOUN
ftr-433	1365	61	.	.	PUNCT
ftr-433	1366	1	while	while	SCONJ
ftr-433	1366	2	the	the	DET
ftr-433	1366	3	npv	npv	PROPN
ftr-433	1366	4	etr	etr	PROPN
ftr-433	1366	5	for	for	ADP
ftr-433	1366	6	expensing	expense	VERB
ftr-433	1366	7	in	in	ADP
ftr-433	1366	8	figure	figure	NOUN
ftr-433	1366	9	8	8	NUM
ftr-433	1366	10	always	always	ADV
ftr-433	1366	11	remains	remain	VERB
ftr-433	1366	12	identical	identical	ADJ
ftr-433	1366	13	to	to	ADP
ftr-433	1366	14	the	the	DET
ftr-433	1366	15	nominal	nominal	ADJ
ftr-433	1366	16	tax	tax	NOUN
ftr-433	1366	17	rate	rate	NOUN
ftr-433	1366	18	,	,	PUNCT
ftr-433	1366	19	the	the	DET
ftr-433	1366	20	npv	npv	PROPN
ftr-433	1366	21	etr	etr	PROPN
ftr-433	1366	22	’s	’s	PART
ftr-433	1366	23	for	for	ADP
ftr-433	1366	24	economic	economic	ADJ
ftr-433	1366	25	and	and	CCONJ
ftr-433	1366	26	accelerated	accelerate	VERB
ftr-433	1366	27	cost	cost	NOUN
ftr-433	1366	28	recovery	recovery	NOUN
ftr-433	1366	29	are	be	AUX
ftr-433	1366	30	always	always	ADV
ftr-433	1366	31	greater	great	ADJ
ftr-433	1366	32	than	than	ADP
ftr-433	1366	33	the	the	DET
ftr-433	1366	34	nominal	nominal	ADJ
ftr-433	1366	35	tax	tax	NOUN
ftr-433	1366	36	rate.178	rate.178	NOUN
ftr-433	1366	37	the	the	DET
ftr-433	1366	38	reasons	reason	NOUN
ftr-433	1366	39	for	for	ADP
ftr-433	1366	40	this	this	DET
ftr-433	1366	41	financial	financial	ADJ
ftr-433	1366	42	over	over	NOUN
ftr-433	1366	43	-	-	PUNCT
ftr-433	1366	44	taxation	taxation	NOUN
ftr-433	1366	45	again	again	ADV
ftr-433	1366	46	stems	stem	VERB
ftr-433	1366	47	from	from	ADP
ftr-433	1366	48	the	the	DET
ftr-433	1366	49	fact	fact	NOUN
ftr-433	1366	50	that	that	SCONJ
ftr-433	1366	51	the	the	DET
ftr-433	1366	52	yield	yield	NOUN
ftr-433	1366	53	rate	rate	NOUN
ftr-433	1366	54	,	,	PUNCT
ftr-433	1366	55	to	to	ADP
ftr-433	1366	56	the	the	DET
ftr-433	1366	57	extent	extent	NOUN
ftr-433	1366	58	of	of	ADP
ftr-433	1366	59	the	the	DET
ftr-433	1366	60	pre	pre	ADJ
ftr-433	1366	61	-	-	ADJ
ftr-433	1366	62	tax	tax	ADJ
ftr-433	1366	63	discount	discount	NOUN
ftr-433	1366	64	rate	rate	NOUN
ftr-433	1366	65	,	,	PUNCT
ftr-433	1366	66	is	be	AUX
ftr-433	1366	67	taxed	tax	VERB
ftr-433	1366	68	financially	financially	ADV
ftr-433	1366	69	at	at	ADP
ftr-433	1366	70	a	a	DET
ftr-433	1366	71	100	100	NUM
ftr-433	1366	72	%	%	NOUN
ftr-433	1366	73	effective	effective	ADJ
ftr-433	1366	74	tax	tax	NOUN
ftr-433	1366	75	rate	rate	NOUN
ftr-433	1366	76	,	,	PUNCT
ftr-433	1366	77	thus	thus	ADV
ftr-433	1366	78	making	make	VERB
ftr-433	1366	79	the	the	DET
ftr-433	1366	80	overall	overall	ADJ
ftr-433	1366	81	npv	npv	NOUN
ftr-433	1366	82	etr	etr	PROPN
ftr-433	1366	83	always	always	ADV
ftr-433	1366	84	exceed	exceed	VERB
ftr-433	1366	85	the	the	DET
ftr-433	1366	86	nominal	nominal	ADJ
ftr-433	1366	87	etr	etr	NOUN
ftr-433	1366	88	at	at	ADP
ftr-433	1366	89	yield	yield	NOUN
ftr-433	1366	90	rates	rate	NOUN
ftr-433	1366	91	above	above	ADP
ftr-433	1366	92	the	the	DET
ftr-433	1366	93	pre	pre	ADJ
ftr-433	1366	94	-	-	ADJ
ftr-433	1366	95	tax	tax	ADJ
ftr-433	1366	96	discount	discount	NOUN
ftr-433	1366	97	rate	rate	NOUN
ftr-433	1366	98	.	.	PUNCT
ftr-433	1367	1	in	in	ADP
ftr-433	1367	2	other179	other179	PROPN
ftr-433	1367	3	words	word	NOUN
ftr-433	1367	4	,	,	PUNCT
ftr-433	1367	5	the	the	DET
ftr-433	1367	6	financial	financial	ADJ
ftr-433	1367	7	characteristics	characteristic	NOUN
ftr-433	1367	8	of	of	ADP
ftr-433	1367	9	economic	economic	ADJ
ftr-433	1367	10	cost	cost	NOUN
ftr-433	1367	11	recovery	recovery	NOUN
ftr-433	1367	12	in	in	ADP
ftr-433	1367	13	a	a	DET
ftr-433	1367	14	rbit	rbit	NOUN
ftr-433	1367	15	base	base	NOUN
ftr-433	1367	16	are	be	AUX
ftr-433	1367	17	identical	identical	ADJ
ftr-433	1367	18	to	to	ADP
ftr-433	1367	19	the	the	DET
ftr-433	1367	20	financial	financial	ADJ
ftr-433	1367	21	characteristics	characteristic	NOUN
ftr-433	1367	22	of	of	ADP
ftr-433	1367	23	economic	economic	ADJ
ftr-433	1367	24	depreciation	depreciation	NOUN
ftr-433	1367	25	in	in	ADP
ftr-433	1367	26	an	an	DET
ftr-433	1367	27	amit	amit	NOUN
ftr-433	1367	28	base	base	NOUN
ftr-433	1367	29	.	.	PUNCT
ftr-433	1368	1	although	although	SCONJ
ftr-433	1368	2	economic	economic	ADJ
ftr-433	1368	3	cost	cost	NOUN
ftr-433	1368	4	recovery	recovery	NOUN
ftr-433	1368	5	does	do	AUX
ftr-433	1368	6	not	not	PART
ftr-433	1368	7	purport	purport	VERB
ftr-433	1368	8	to	to	PART
ftr-433	1368	9	measure	measure	VERB
ftr-433	1368	10	net	net	ADJ
ftr-433	1368	11	unrealized	unrealized	ADJ
ftr-433	1368	12	income	income	NOUN
ftr-433	1368	13	,	,	PUNCT
ftr-433	1368	14	it	it	PRON
ftr-433	1368	15	produces	produce	VERB
ftr-433	1368	16	the	the	DET
ftr-433	1368	17	same	same	ADJ
ftr-433	1368	18	financial	financial	ADJ
ftr-433	1368	19	results	result	NOUN
ftr-433	1368	20	as	as	ADP
ftr-433	1368	21	a	a	DET
ftr-433	1368	22	capital	capital	NOUN
ftr-433	1368	23	income	income	NOUN
ftr-433	1368	24	taxation	taxation	NOUN
ftr-433	1368	25	regime	regime	NOUN
ftr-433	1368	26	that	that	PRON
ftr-433	1368	27	does	do	VERB
ftr-433	1368	28	exactly	exactly	ADV
ftr-433	1368	29	that	that	PRON
ftr-433	1368	30	,	,	PUNCT
ftr-433	1368	31	albeit	albeit	SCONJ
ftr-433	1368	32	in	in	ADP
ftr-433	1368	33	a	a	DET
ftr-433	1368	34	different	different	ADJ
ftr-433	1368	35	tax	tax	NOUN
ftr-433	1368	36	base	base	NOUN
ftr-433	1368	37	.	.	PUNCT
ftr-433	1369	1	based	base	VERB
ftr-433	1369	2	on	on	ADP
ftr-433	1369	3	npv	npv	PROPN
ftr-433	1369	4	etr	etr	PROPN
ftr-433	1369	5	,	,	PUNCT
ftr-433	1369	6	therefore	therefore	ADV
ftr-433	1369	7	,	,	PUNCT
ftr-433	1369	8	expensing	expensing	NOUN
ftr-433	1369	9	seems	seem	VERB
ftr-433	1369	10	to	to	PART
ftr-433	1369	11	be	be	AUX
ftr-433	1369	12	the	the	DET
ftr-433	1369	13	only	only	ADJ
ftr-433	1369	14	cost	cost	NOUN
ftr-433	1369	15	recovery	recovery	NOUN
ftr-433	1369	16	method	method	NOUN
ftr-433	1369	17	that	that	PRON
ftr-433	1369	18	taxes	tax	VERB
ftr-433	1369	19	capital	capital	NOUN
ftr-433	1369	20	income	income	NOUN
ftr-433	1369	21	normatively	normatively	ADV
ftr-433	1369	22	in	in	ADP
ftr-433	1369	23	a	a	DET
ftr-433	1369	24	rbit	rbit	NOUN
ftr-433	1369	25	base	base	NOUN
ftr-433	1369	26	.	.	PUNCT
ftr-433	1370	1	essentially	essentially	ADV
ftr-433	1370	2	,	,	PUNCT
ftr-433	1370	3	economic	economic	ADJ
ftr-433	1370	4	cost	cost	NOUN
ftr-433	1370	5	recovery	recovery	NOUN
ftr-433	1370	6	seems	seem	VERB
ftr-433	1370	7	to	to	PART
ftr-433	1370	8	measure	measure	VERB
ftr-433	1370	9	rbit	rbit	NOUN
ftr-433	1370	10	base	base	NOUN
ftr-433	1370	11	income	income	NOUN
ftr-433	1370	12	nonnormatively	nonnormatively	ADV
ftr-433	1370	13	because	because	SCONJ
ftr-433	1370	14	it	it	PRON
ftr-433	1370	15	measures	measure	VERB
ftr-433	1370	16	unrealized	unrealized	ADJ
ftr-433	1370	17	income	income	NOUN
ftr-433	1370	18	.	.	PUNCT
ftr-433	1371	1	and	and	CCONJ
ftr-433	1371	2	,	,	PUNCT
ftr-433	1371	3	accelerated	accelerate	VERB
ftr-433	1371	4	cost	cost	NOUN
ftr-433	1371	5	recovery	recovery	NOUN
ftr-433	1371	6	is	be	AUX
ftr-433	1371	7	non	non	ADJ
ftr-433	1371	8	-	-	ADJ
ftr-433	1371	9	normative	normative	ADJ
ftr-433	1371	10	because	because	SCONJ
ftr-433	1371	11	it	it	PRON
ftr-433	1371	12	is	be	AUX
ftr-433	1371	13	an	an	DET
ftr-433	1371	14	artificial	artificial	ADJ
ftr-433	1371	15	schedule	schedule	NOUN
ftr-433	1371	16	of	of	ADP
ftr-433	1371	17	deductions	deduction	NOUN
ftr-433	1371	18	that	that	PRON
ftr-433	1371	19	2is	2is	NOUN
ftr-433	1371	20	simply	simply	ADV
ftr-433	1371	21	designed	design	VERB
ftr-433	1371	22	to	to	PART
ftr-433	1371	23	be	be	AUX
ftr-433	1371	24	“	"	PUNCT
ftr-433	1371	25	faster	fast	ADJ
ftr-433	1371	26	”	"	PUNCT
ftr-433	1371	27	(	(	PUNCT
ftr-433	1371	28	create	create	VERB
ftr-433	1371	29	a	a	DET
ftr-433	1371	30	higher	high	ADJ
ftr-433	1371	31	npv	npv	NOUN
ftr-433	1371	32	atcf	atcf	NOUN
ftr-433	1371	33	)	)	PUNCT
ftr-433	1371	34	than	than	ADP
ftr-433	1371	35	economic	economic	ADJ
ftr-433	1371	36	cost	cost	NOUN
ftr-433	1371	37	recovery	recovery	NOUN
ftr-433	1371	38	.	.	PUNCT
ftr-433	1372	1	as	as	ADP
ftr-433	1372	2	such	such	ADJ
ftr-433	1372	3	,	,	PUNCT
ftr-433	1372	4	accelerated	accelerate	VERB
ftr-433	1372	5	cost	cost	NOUN
ftr-433	1372	6	recovery	recovery	NOUN
ftr-433	1372	7	has	have	VERB
ftr-433	1372	8	no	no	DET
ftr-433	1372	9	intrinsic	intrinsic	ADJ
ftr-433	1372	10	relationship	relationship	NOUN
ftr-433	1372	11	2002	2002	NUM
ftr-433	1372	12	]	]	PUNCT
ftr-433	1372	13	normative	normative	ADJ
ftr-433	1372	14	capital	capital	NOUN
ftr-433	1372	15	cost	cost	NOUN
ftr-433	1372	16	recovery	recovery	NOUN
ftr-433	1372	17	535	535	NUM
ftr-433	1372	18	180	180	NUM
ftr-433	1372	19	.	.	PUNCT
ftr-433	1373	1	the	the	DET
ftr-433	1373	2	taxpayer	taxpayer	NOUN
ftr-433	1373	3	hurdle	hurdle	NOUN
ftr-433	1373	4	rates	rate	NOUN
ftr-433	1373	5	refer	refer	VERB
ftr-433	1373	6	to	to	ADP
ftr-433	1373	7	the	the	DET
ftr-433	1373	8	discount	discount	NOUN
ftr-433	1373	9	rates	rate	NOUN
ftr-433	1373	10	that	that	PRON
ftr-433	1373	11	are	be	AUX
ftr-433	1373	12	necessary	necessary	ADJ
ftr-433	1373	13	to	to	ADP
ftr-433	1373	14	1create	1create	NUM
ftr-433	1373	15	an	an	DET
ftr-433	1373	16	atcf	atcf	NOUN
ftr-433	1373	17	with	with	ADP
ftr-433	1373	18	a	a	DET
ftr-433	1373	19	positive	positive	ADJ
ftr-433	1373	20	present	present	ADJ
ftr-433	1373	21	value	value	NOUN
ftr-433	1373	22	using	use	VERB
ftr-433	1373	23	the	the	DET
ftr-433	1373	24	pre	pre	ADJ
ftr-433	1373	25	-	-	ADJ
ftr-433	1373	26	tax	tax	ADJ
ftr-433	1373	27	discount	discount	NOUN
ftr-433	1373	28	rate	rate	NOUN
ftr-433	1373	29	(	(	PUNCT
ftr-433	1373	30	for	for	ADP
ftr-433	1373	31	h	h	NOUN
ftr-433	1373	32	)	)	PUNCT
ftr-433	1373	33	and	and	CCONJ
ftr-433	1373	34	2after	2after	NUM
ftr-433	1373	35	-	-	PUNCT
ftr-433	1373	36	tax	tax	NOUN
ftr-433	1373	37	discount	discount	NOUN
ftr-433	1373	38	rates	rate	NOUN
ftr-433	1373	39	(	(	PUNCT
ftr-433	1373	40	for	for	ADP
ftr-433	1373	41	h	h	NOUN
ftr-433	1373	42	)	)	PUNCT
ftr-433	1373	43	,	,	PUNCT
ftr-433	1373	44	respectively	respectively	ADV
ftr-433	1373	45	.	.	PUNCT
ftr-433	1374	1	see	see	VERB
ftr-433	1374	2	discussion	discussion	NOUN
ftr-433	1374	3	supra	supra	PROPN
ftr-433	1374	4	part	part	NOUN
ftr-433	1374	5	vi.a.3	vi.a.3	VERB
ftr-433	1374	6	.	.	PUNCT
ftr-433	1375	1	181	181	NUM
ftr-433	1375	2	.	.	PUNCT
ftr-433	1376	1	it	it	PRON
ftr-433	1376	2	no	no	ADV
ftr-433	1376	3	longer	long	ADV
ftr-433	1376	4	seems	seem	VERB
ftr-433	1376	5	necessary	necessary	ADJ
ftr-433	1376	6	to	to	PART
ftr-433	1376	7	continue	continue	VERB
ftr-433	1376	8	to	to	PART
ftr-433	1376	9	include	include	VERB
ftr-433	1376	10	accelerated	accelerate	VERB
ftr-433	1376	11	cost	cost	NOUN
ftr-433	1376	12	recovery	recovery	NOUN
ftr-433	1376	13	in	in	ADP
ftr-433	1376	14	the	the	DET
ftr-433	1376	15	analysis	analysis	NOUN
ftr-433	1376	16	.	.	PUNCT
ftr-433	1377	1	it	it	PRON
ftr-433	1377	2	has	have	AUX
ftr-433	1377	3	already	already	ADV
ftr-433	1377	4	failed	fail	VERB
ftr-433	1377	5	to	to	PART
ftr-433	1377	6	produce	produce	VERB
ftr-433	1377	7	arguably	arguably	ADV
ftr-433	1377	8	normative	normative	ADJ
ftr-433	1377	9	financial	financial	ADJ
ftr-433	1377	10	characteristics	characteristic	NOUN
ftr-433	1377	11	under	under	ADP
ftr-433	1377	12	either	either	CCONJ
ftr-433	1377	13	the	the	DET
ftr-433	1377	14	irr	irr	NOUN
ftr-433	1377	15	etr	etr	PROPN
ftr-433	1377	16	or	or	CCONJ
ftr-433	1377	17	npv	npv	PROPN
ftr-433	1377	18	etr	etr	PROPN
ftr-433	1377	19	benchmarks	benchmark	NOUN
ftr-433	1377	20	.	.	PUNCT
ftr-433	1378	1	to	to	ADP
ftr-433	1378	2	the	the	DET
ftr-433	1378	3	financial	financial	ADJ
ftr-433	1378	4	structure	structure	NOUN
ftr-433	1378	5	or	or	CCONJ
ftr-433	1378	6	dynamics	dynamic	NOUN
ftr-433	1378	7	of	of	ADP
ftr-433	1378	8	any	any	DET
ftr-433	1378	9	investment	investment	NOUN
ftr-433	1378	10	–	–	PUNCT
ftr-433	1378	11	or	or	CCONJ
ftr-433	1378	12	to	to	ADP
ftr-433	1378	13	the	the	DET
ftr-433	1378	14	structural	structural	ADJ
ftr-433	1378	15	and	and	CCONJ
ftr-433	1378	16	accounting	accounting	NOUN
ftr-433	1378	17	principles	principle	NOUN
ftr-433	1378	18	of	of	ADP
ftr-433	1378	19	a	a	DET
ftr-433	1378	20	rbit	rbit	NOUN
ftr-433	1378	21	base	base	NOUN
ftr-433	1378	22	.	.	PUNCT
ftr-433	1379	1	although	although	SCONJ
ftr-433	1379	2	the	the	DET
ftr-433	1379	3	results	result	NOUN
ftr-433	1379	4	of	of	ADP
ftr-433	1379	5	the	the	DET
ftr-433	1379	6	irr	irr	NOUN
ftr-433	1379	7	etr	etr	PROPN
ftr-433	1379	8	analysis	analysis	NOUN
ftr-433	1379	9	are	be	AUX
ftr-433	1379	10	inconclusive	inconclusive	ADJ
ftr-433	1379	11	,	,	PUNCT
ftr-433	1379	12	and	and	CCONJ
ftr-433	1379	13	the	the	DET
ftr-433	1379	14	results	result	NOUN
ftr-433	1379	15	of	of	ADP
ftr-433	1379	16	the	the	DET
ftr-433	1379	17	npv	npv	PROPN
ftr-433	1379	18	etr	etr	PROPN
ftr-433	1379	19	analysis	analysis	NOUN
ftr-433	1379	20	appear	appear	VERB
ftr-433	1379	21	to	to	PART
ftr-433	1379	22	confer	confer	VERB
ftr-433	1379	23	normative	normative	ADJ
ftr-433	1379	24	status	status	NOUN
ftr-433	1379	25	on	on	ADP
ftr-433	1379	26	capital	capital	NOUN
ftr-433	1379	27	expensing	expensing	NOUN
ftr-433	1379	28	,	,	PUNCT
ftr-433	1379	29	the	the	DET
ftr-433	1379	30	next	next	ADJ
ftr-433	1379	31	section	section	NOUN
ftr-433	1379	32	of	of	ADP
ftr-433	1379	33	the	the	DET
ftr-433	1379	34	article	article	NOUN
ftr-433	1379	35	evaluates	evaluate	VERB
ftr-433	1379	36	the	the	DET
ftr-433	1379	37	structural	structural	ADJ
ftr-433	1379	38	appropriateness	appropriateness	NOUN
ftr-433	1379	39	of	of	ADP
ftr-433	1379	40	economic	economic	ADJ
ftr-433	1379	41	cost	cost	NOUN
ftr-433	1379	42	recovery	recovery	NOUN
ftr-433	1379	43	and	and	CCONJ
ftr-433	1379	44	capital	capital	NOUN
ftr-433	1379	45	expensing	expense	VERB
ftr-433	1379	46	using	use	VERB
ftr-433	1379	47	hurdle	hurdle	NOUN
ftr-433	1379	48	rate	rate	NOUN
ftr-433	1379	49	analysis	analysis	NOUN
ftr-433	1379	50	.	.	PUNCT
ftr-433	1380	1	the	the	DET
ftr-433	1380	2	final	final	ADJ
ftr-433	1380	3	section	section	NOUN
ftr-433	1380	4	of	of	ADP
ftr-433	1380	5	this	this	DET
ftr-433	1380	6	part	part	NOUN
ftr-433	1380	7	will	will	AUX
ftr-433	1380	8	integrate	integrate	VERB
ftr-433	1380	9	and	and	CCONJ
ftr-433	1380	10	summarize	summarize	VERB
ftr-433	1380	11	all	all	DET
ftr-433	1380	12	three	three	NUM
ftr-433	1380	13	of	of	ADP
ftr-433	1380	14	these	these	DET
ftr-433	1380	15	analyses	analysis	NOUN
ftr-433	1380	16	and	and	CCONJ
ftr-433	1380	17	apply	apply	VERB
ftr-433	1380	18	them	they	PRON
ftr-433	1380	19	to	to	PART
ftr-433	1380	20	rbit	rbit	VERB
ftr-433	1380	21	base	base	NOUN
ftr-433	1380	22	structural	structural	ADJ
ftr-433	1380	23	and	and	CCONJ
ftr-433	1380	24	accounting	accounting	NOUN
ftr-433	1380	25	principles	principle	NOUN
ftr-433	1380	26	.	.	PUNCT
ftr-433	1381	1	3	3	X
ftr-433	1381	2	.	.	X
ftr-433	1381	3	hurdle	hurdle	NOUN
ftr-433	1381	4	rates	rate	NOUN
ftr-433	1381	5	and	and	CCONJ
ftr-433	1381	6	the	the	DET
ftr-433	1381	7	financial	financial	ADJ
ftr-433	1381	8	accuracy	accuracy	NOUN
ftr-433	1381	9	of	of	ADP
ftr-433	1381	10	capital	capital	NOUN
ftr-433	1381	11	cost	cost	NOUN
ftr-433	1381	12	recovery	recovery	NOUN
ftr-433	1381	13	methods.—an	methods.—an	NOUN
ftr-433	1381	14	appropriate	appropriate	ADJ
ftr-433	1381	15	way	way	NOUN
ftr-433	1381	16	to	to	PART
ftr-433	1381	17	understand	understand	VERB
ftr-433	1381	18	the	the	DET
ftr-433	1381	19	relationship	relationship	NOUN
ftr-433	1381	20	between	between	ADP
ftr-433	1381	21	financial	financial	ADJ
ftr-433	1381	22	accounting	accounting	NOUN
ftr-433	1381	23	and	and	CCONJ
ftr-433	1381	24	the	the	DET
ftr-433	1381	25	tax	tax	NOUN
ftr-433	1381	26	accounting	accounting	NOUN
ftr-433	1381	27	created	create	VERB
ftr-433	1381	28	by	by	ADP
ftr-433	1381	29	a	a	DET
ftr-433	1381	30	given	give	VERB
ftr-433	1381	31	cost	cost	NOUN
ftr-433	1381	32	recovery	recovery	NOUN
ftr-433	1381	33	method	method	NOUN
ftr-433	1381	34	is	be	AUX
ftr-433	1381	35	1	1	NUM
ftr-433	1381	36	1to	1to	NOUN
ftr-433	1381	37	compare	compare	VERB
ftr-433	1381	38	a	a	DET
ftr-433	1381	39	taxpayer	taxpayer	NOUN
ftr-433	1381	40	’s	’s	PART
ftr-433	1381	41	pre	pre	ADJ
ftr-433	1381	42	-	-	ADJ
ftr-433	1381	43	tax	tax	ADJ
ftr-433	1381	44	hurdle	hurdle	NOUN
ftr-433	1381	45	rate	rate	NOUN
ftr-433	1381	46	(	(	PUNCT
ftr-433	1381	47	h	h	NOUN
ftr-433	1381	48	)	)	PUNCT
ftr-433	1381	49	to	to	ADP
ftr-433	1381	50	the	the	DET
ftr-433	1381	51	pre	pre	ADJ
ftr-433	1381	52	-	-	ADJ
ftr-433	1381	53	tax	tax	ADJ
ftr-433	1381	54	discount	discount	NOUN
ftr-433	1381	55	rate	rate	NOUN
ftr-433	1381	56	(	(	PUNCT
ftr-433	1381	57	d	d	NOUN
ftr-433	1381	58	)	)	PUNCT
ftr-433	1381	59	when	when	SCONJ
ftr-433	1381	60	that	that	DET
ftr-433	1381	61	cost	cost	NOUN
ftr-433	1381	62	recovery	recovery	NOUN
ftr-433	1381	63	method	method	NOUN
ftr-433	1381	64	is	be	AUX
ftr-433	1381	65	employed	employ	VERB
ftr-433	1381	66	.	.	PUNCT
ftr-433	1382	1	and	and	CCONJ
ftr-433	1382	2	,	,	PUNCT
ftr-433	1382	3	a	a	DET
ftr-433	1382	4	useful	useful	ADJ
ftr-433	1382	5	way	way	NOUN
ftr-433	1382	6	to	to	PART
ftr-433	1382	7	evaluate	evaluate	VERB
ftr-433	1382	8	the	the	DET
ftr-433	1382	9	financial	financial	ADJ
ftr-433	1382	10	impact	impact	NOUN
ftr-433	1382	11	of	of	ADP
ftr-433	1382	12	a	a	DET
ftr-433	1382	13	cost	cost	NOUN
ftr-433	1382	14	recovery	recovery	NOUN
ftr-433	1382	15	method	method	NOUN
ftr-433	1382	16	on	on	ADP
ftr-433	1382	17	the	the	DET
ftr-433	1382	18	taxation	taxation	NOUN
ftr-433	1382	19	of	of	ADP
ftr-433	1382	20	realized	realize	VERB
ftr-433	1382	21	income	income	NOUN
ftr-433	1382	22	2is	2is	NOUN
ftr-433	1382	23	to	to	PART
ftr-433	1382	24	compare	compare	VERB
ftr-433	1382	25	a	a	DET
ftr-433	1382	26	taxpayer	taxpayer	NOUN
ftr-433	1382	27	’s	’s	PART
ftr-433	1382	28	after	after	ADP
ftr-433	1382	29	-	-	PUNCT
ftr-433	1382	30	tax	tax	NOUN
ftr-433	1382	31	hurdle	hurdle	NOUN
ftr-433	1382	32	rate	rate	NOUN
ftr-433	1382	33	(	(	PUNCT
ftr-433	1382	34	h	h	NOUN
ftr-433	1382	35	)	)	PUNCT
ftr-433	1382	36	to	to	ADP
ftr-433	1382	37	the	the	DET
ftr-433	1382	38	after	after	ADP
ftr-433	1382	39	-	-	PUNCT
ftr-433	1382	40	tax	tax	NOUN
ftr-433	1382	41	discount	discount	NOUN
ftr-433	1382	42	rate	rate	NOUN
ftr-433	1382	43	2(d	2(d	NUM
ftr-433	1382	44	)	)	PUNCT
ftr-433	1382	45	.	.	PUNCT
ftr-433	1383	1	figure	figure	NOUN
ftr-433	1383	2	9	9	NUM
ftr-433	1383	3	below	below	ADP
ftr-433	1383	4	plots	plot	NOUN
ftr-433	1383	5	both	both	CCONJ
ftr-433	1383	6	the	the	DET
ftr-433	1383	7	taxpayer	taxpayer	NOUN
ftr-433	1383	8	pre	pre	NOUN
ftr-433	1383	9	-	-	NOUN
ftr-433	1383	10	tax	tax	NOUN
ftr-433	1383	11	and	and	CCONJ
ftr-433	1383	12	the	the	DET
ftr-433	1383	13	taxpayer	taxpayer	NOUN
ftr-433	1383	14	after	after	ADP
ftr-433	1383	15	-	-	PUNCT
ftr-433	1383	16	tax180	tax180	PROPN
ftr-433	1383	17	hurdle	hurdle	NOUN
ftr-433	1383	18	rates	rate	NOUN
ftr-433	1383	19	for	for	ADP
ftr-433	1383	20	economic	economic	ADJ
ftr-433	1383	21	cost	cost	NOUN
ftr-433	1383	22	recovery	recovery	NOUN
ftr-433	1383	23	and	and	CCONJ
ftr-433	1383	24	expensing	expense	VERB
ftr-433	1383	25	at	at	ADP
ftr-433	1383	26	various	various	ADJ
ftr-433	1383	27	tax	tax	NOUN
ftr-433	1383	28	rates.181	rates.181	NOUN
ftr-433	1383	29	the	the	DET
ftr-433	1383	30	pre	pre	ADJ
ftr-433	1383	31	-	-	ADJ
ftr-433	1383	32	tax	tax	ADJ
ftr-433	1383	33	discount	discount	NOUN
ftr-433	1383	34	rate	rate	NOUN
ftr-433	1383	35	remains	remain	VERB
ftr-433	1383	36	constant	constant	ADJ
ftr-433	1383	37	at	at	ADP
ftr-433	1383	38	10	10	NUM
ftr-433	1383	39	%	%	NOUN
ftr-433	1383	40	per	per	ADP
ftr-433	1383	41	year	year	NOUN
ftr-433	1383	42	for	for	ADP
ftr-433	1383	43	all	all	DET
ftr-433	1383	44	investments	investment	NOUN
ftr-433	1383	45	.	.	PUNCT
ftr-433	1384	1	figure	figure	VERB
ftr-433	1384	2	9	9	NUM
ftr-433	1384	3	:	:	PUNCT
ftr-433	1384	4	taxpayer	taxpayer	NOUN
ftr-433	1384	5	hurdle	hurdle	NOUN
ftr-433	1384	6	rates	rate	NOUN
ftr-433	1384	7	for	for	ADP
ftr-433	1384	8	economic	economic	ADJ
ftr-433	1384	9	cost	cost	NOUN
ftr-433	1384	10	recovery	recovery	NOUN
ftr-433	1384	11	and	and	CCONJ
ftr-433	1384	12	capital	capital	NOUN
ftr-433	1384	13	expensing	expense	VERB
ftr-433	1384	14	536	536	NUM
ftr-433	1384	15	florida	florida	PROPN
ftr-433	1384	16	tax	tax	NOUN
ftr-433	1384	17	review	review	NOUN
ftr-433	1385	1	[	[	X
ftr-433	1385	2	vol	vol	NOUN
ftr-433	1385	3	.	.	PUNCT
ftr-433	1385	4	5:7	5:7	NUM
ftr-433	1385	5	182	182	NUM
ftr-433	1385	6	.	.	PUNCT
ftr-433	1385	7	ten	ten	NUM
ftr-433	1385	8	percent	percent	NOUN
ftr-433	1385	9	divided	divide	VERB
ftr-433	1385	10	by	by	ADP
ftr-433	1385	11	.9	.9	NUM
ftr-433	1385	12	equals	equal	VERB
ftr-433	1385	13	11.11	11.11	NUM
ftr-433	1385	14	%	%	NOUN
ftr-433	1385	15	.	.	PUNCT
ftr-433	1386	1	183	183	NUM
ftr-433	1386	2	.	.	PUNCT
ftr-433	1387	1	this	this	PRON
ftr-433	1387	2	has	have	AUX
ftr-433	1387	3	already	already	ADV
ftr-433	1387	4	been	be	AUX
ftr-433	1387	5	shown	show	VERB
ftr-433	1387	6	with	with	ADP
ftr-433	1387	7	respect	respect	NOUN
ftr-433	1387	8	to	to	ADP
ftr-433	1387	9	economic	economic	ADJ
ftr-433	1387	10	depreciation	depreciation	NOUN
ftr-433	1387	11	in	in	ADP
ftr-433	1387	12	an	an	DET
ftr-433	1387	13	amit	amit	NOUN
ftr-433	1387	14	base	base	NOUN
ftr-433	1387	15	.	.	PUNCT
ftr-433	1388	1	see	see	VERB
ftr-433	1388	2	supra	supra	PROPN
ftr-433	1388	3	part	part	NOUN
ftr-433	1388	4	vi.a.3	vi.a.3	VERB
ftr-433	1388	5	.	.	PUNCT
ftr-433	1389	1	184	184	X
ftr-433	1389	2	.	.	X
ftr-433	1390	1	see	see	VERB
ftr-433	1390	2	supra	supra	PROPN
ftr-433	1390	3	note	note	PROPN
ftr-433	1390	4	170	170	NUM
ftr-433	1390	5	and	and	CCONJ
ftr-433	1390	6	accompanying	accompany	VERB
ftr-433	1390	7	text	text	NOUN
ftr-433	1390	8	.	.	PUNCT
ftr-433	1391	1	as	as	SCONJ
ftr-433	1391	2	suggested	suggest	VERB
ftr-433	1391	3	in	in	ADP
ftr-433	1391	4	the	the	DET
ftr-433	1391	5	earlier	early	ADJ
ftr-433	1391	6	analysis	analysis	NOUN
ftr-433	1391	7	of	of	ADP
ftr-433	1391	8	hurdle	hurdle	NOUN
ftr-433	1391	9	rates	rate	NOUN
ftr-433	1391	10	in	in	ADP
ftr-433	1391	11	the	the	DET
ftr-433	1391	12	context	context	NOUN
ftr-433	1391	13	of	of	ADP
ftr-433	1391	14	cfit	cfit	PROPN
ftr-433	1391	15	base	base	NOUN
ftr-433	1391	16	taxation	taxation	NOUN
ftr-433	1391	17	,	,	PUNCT
ftr-433	1391	18	expensing	expense	VERB
ftr-433	1391	19	causes	cause	NOUN
ftr-433	1391	20	rbit	rbit	VERB
ftr-433	1391	21	base	base	NOUN
ftr-433	1391	22	investments	investment	NOUN
ftr-433	1391	23	to	to	PART
ftr-433	1391	24	have	have	VERB
ftr-433	1391	25	a	a	DET
ftr-433	1391	26	taxpayer	taxpayer	NOUN
ftr-433	1391	27	1	1	NUM
ftr-433	1391	28	1	1	NUM
ftr-433	1391	29	1pre	1pre	NUM
ftr-433	1391	30	-	-	PUNCT
ftr-433	1391	31	tax	tax	NOUN
ftr-433	1391	32	hurdle	hurdle	NOUN
ftr-433	1391	33	rate	rate	NOUN
ftr-433	1391	34	(	(	PUNCT
ftr-433	1391	35	h	h	NOUN
ftr-433	1391	36	)	)	PUNCT
ftr-433	1391	37	equal	equal	ADJ
ftr-433	1391	38	to	to	ADP
ftr-433	1391	39	the	the	DET
ftr-433	1391	40	pre	pre	ADJ
ftr-433	1391	41	-	-	ADJ
ftr-433	1391	42	tax	tax	ADJ
ftr-433	1391	43	discount	discount	NOUN
ftr-433	1391	44	rate	rate	NOUN
ftr-433	1391	45	(	(	PUNCT
ftr-433	1391	46	d	d	NOUN
ftr-433	1391	47	)	)	PUNCT
ftr-433	1391	48	.	.	PUNCT
ftr-433	1392	1	thus	thus	ADV
ftr-433	1392	2	h	h	NOUN
ftr-433	1392	3	for	for	ADP
ftr-433	1392	4	the	the	DET
ftr-433	1392	5	1expensed	1expensed	NUM
ftr-433	1392	6	assets	asset	NOUN
ftr-433	1392	7	in	in	ADP
ftr-433	1392	8	figure	figure	NOUN
ftr-433	1392	9	9	9	NUM
ftr-433	1392	10	always	always	ADV
ftr-433	1392	11	equals	equal	VERB
ftr-433	1392	12	d	d	NOUN
ftr-433	1392	13	,	,	PUNCT
ftr-433	1392	14	or	or	CCONJ
ftr-433	1392	15	10	10	NUM
ftr-433	1392	16	%	%	NOUN
ftr-433	1392	17	.	.	PUNCT
ftr-433	1393	1	this	this	PRON
ftr-433	1393	2	suggests	suggest	VERB
ftr-433	1393	3	that	that	SCONJ
ftr-433	1393	4	expensing	expensing	NOUN
ftr-433	1393	5	is	be	AUX
ftr-433	1393	6	financially	financially	ADV
ftr-433	1393	7	neutral	neutral	ADJ
ftr-433	1393	8	as	as	ADP
ftr-433	1393	9	a	a	DET
ftr-433	1393	10	cost	cost	NOUN
ftr-433	1393	11	recovery	recovery	NOUN
ftr-433	1393	12	method	method	NOUN
ftr-433	1393	13	because	because	SCONJ
ftr-433	1393	14	it	it	PRON
ftr-433	1393	15	does	do	AUX
ftr-433	1393	16	not	not	PART
ftr-433	1393	17	affect	affect	VERB
ftr-433	1393	18	the	the	DET
ftr-433	1393	19	criterion	criterion	NOUN
ftr-433	1393	20	by	by	ADP
ftr-433	1393	21	which	which	PRON
ftr-433	1393	22	investment	investment	NOUN
ftr-433	1393	23	decisions	decision	NOUN
ftr-433	1393	24	would	would	AUX
ftr-433	1393	25	be	be	AUX
ftr-433	1393	26	made	make	VERB
ftr-433	1393	27	in	in	ADP
ftr-433	1393	28	the	the	DET
ftr-433	1393	29	absence	absence	NOUN
ftr-433	1393	30	2of	2of	NOUN
ftr-433	1393	31	tax	tax	NOUN
ftr-433	1393	32	.	.	PUNCT
ftr-433	1394	1	the	the	DET
ftr-433	1394	2	after	after	ADP
ftr-433	1394	3	-	-	PUNCT
ftr-433	1394	4	tax	tax	NOUN
ftr-433	1394	5	discount	discount	NOUN
ftr-433	1394	6	rate	rate	NOUN
ftr-433	1394	7	(	(	PUNCT
ftr-433	1394	8	d	d	NOUN
ftr-433	1394	9	)	)	PUNCT
ftr-433	1394	10	in	in	ADP
ftr-433	1394	11	a	a	DET
ftr-433	1394	12	rbit	rbit	NOUN
ftr-433	1394	13	base	base	NOUN
ftr-433	1394	14	in	in	ADP
ftr-433	1394	15	the	the	DET
ftr-433	1394	16	context	context	NOUN
ftr-433	1394	17	of	of	ADP
ftr-433	1394	18	our	our	PRON
ftr-433	1394	19	1	1	NUM
ftr-433	1394	20	2model	2model	NUM
ftr-433	1394	21	equals	equal	VERB
ftr-433	1394	22	the	the	DET
ftr-433	1394	23	pre	pre	ADJ
ftr-433	1394	24	-	-	ADJ
ftr-433	1394	25	tax	tax	ADJ
ftr-433	1394	26	discount	discount	NOUN
ftr-433	1394	27	rate	rate	NOUN
ftr-433	1394	28	times	times	PROPN
ftr-433	1394	29	1	1	NUM
ftr-433	1394	30	-	-	PUNCT
ftr-433	1394	31	t	t	NOUN
ftr-433	1394	32	,	,	PUNCT
ftr-433	1394	33	or	or	CCONJ
ftr-433	1394	34	d	d	NOUN
ftr-433	1394	35	x	x	SYM
ftr-433	1394	36	(	(	PUNCT
ftr-433	1394	37	1	1	NUM
ftr-433	1394	38	–	–	PUNCT
ftr-433	1394	39	t	t	NOUN
ftr-433	1394	40	)	)	PUNCT
ftr-433	1394	41	.	.	PUNCT
ftr-433	1395	1	thus	thus	ADV
ftr-433	1395	2	,	,	PUNCT
ftr-433	1395	3	d	d	PRON
ftr-433	1395	4	bears	bear	VERB
ftr-433	1395	5	an	an	DET
ftr-433	1395	6	inverse	inverse	NOUN
ftr-433	1395	7	relationship	relationship	NOUN
ftr-433	1395	8	to	to	ADP
ftr-433	1395	9	the	the	DET
ftr-433	1395	10	tax	tax	NOUN
ftr-433	1395	11	rate	rate	NOUN
ftr-433	1395	12	.	.	PUNCT
ftr-433	1396	1	as	as	SCONJ
ftr-433	1396	2	figure	figure	NOUN
ftr-433	1396	3	9	9	NUM
ftr-433	1396	4	shows	show	NOUN
ftr-433	1396	5	,	,	PUNCT
ftr-433	1396	6	the	the	DET
ftr-433	1396	7	after	after	ADP
ftr-433	1396	8	-	-	PUNCT
ftr-433	1396	9	tax	tax	NOUN
ftr-433	1396	10	hurdle	hurdle	NOUN
ftr-433	1396	11	2	2	NUM
ftr-433	1396	12	2rate	2rate	NUM
ftr-433	1396	13	for	for	ADP
ftr-433	1396	14	expensed	expensed	ADJ
ftr-433	1396	15	assets	asset	NOUN
ftr-433	1396	16	(	(	PUNCT
ftr-433	1396	17	h	h	NOUN
ftr-433	1396	18	)	)	PUNCT
ftr-433	1396	19	is	be	AUX
ftr-433	1396	20	identical	identical	ADJ
ftr-433	1396	21	to	to	ADP
ftr-433	1396	22	the	the	DET
ftr-433	1396	23	after	after	ADP
ftr-433	1396	24	-	-	PUNCT
ftr-433	1396	25	tax	tax	NOUN
ftr-433	1396	26	discount	discount	NOUN
ftr-433	1396	27	rate	rate	NOUN
ftr-433	1396	28	(	(	PUNCT
ftr-433	1396	29	d	d	NOUN
ftr-433	1396	30	)	)	PUNCT
ftr-433	1396	31	,	,	PUNCT
ftr-433	1396	32	and	and	CCONJ
ftr-433	1396	33	2	2	NUM
ftr-433	1396	34	1bears	1bears	NUM
ftr-433	1396	35	the	the	DET
ftr-433	1396	36	same	same	ADJ
ftr-433	1396	37	inverse	inverse	NOUN
ftr-433	1396	38	relationship	relationship	NOUN
ftr-433	1396	39	to	to	ADP
ftr-433	1396	40	the	the	DET
ftr-433	1396	41	tax	tax	NOUN
ftr-433	1396	42	rate	rate	NOUN
ftr-433	1396	43	as	as	SCONJ
ftr-433	1396	44	d	d	PROPN
ftr-433	1396	45	does	do	VERB
ftr-433	1396	46	to	to	ADP
ftr-433	1396	47	d	d	PROPN
ftr-433	1396	48	.	.	PUNCT
ftr-433	1397	1	thus	thus	ADV
ftr-433	1397	2	,	,	PUNCT
ftr-433	1397	3	both	both	DET
ftr-433	1397	4	2	2	NUM
ftr-433	1397	5	2d	2d	NUM
ftr-433	1397	6	and	and	CCONJ
ftr-433	1397	7	h	h	NOUN
ftr-433	1397	8	for	for	ADP
ftr-433	1397	9	expensed	expensed	ADJ
ftr-433	1397	10	assets	asset	NOUN
ftr-433	1397	11	range	range	VERB
ftr-433	1397	12	from	from	ADP
ftr-433	1397	13	9	9	NUM
ftr-433	1397	14	%	%	NOUN
ftr-433	1397	15	for	for	ADP
ftr-433	1397	16	an	an	DET
ftr-433	1397	17	asset	asset	NOUN
ftr-433	1397	18	subject	subject	NOUN
ftr-433	1397	19	to	to	ADP
ftr-433	1397	20	a	a	DET
ftr-433	1397	21	10	10	NUM
ftr-433	1397	22	%	%	NOUN
ftr-433	1397	23	tax	tax	NOUN
ftr-433	1397	24	rate	rate	NOUN
ftr-433	1397	25	(	(	PUNCT
ftr-433	1397	26	10	10	NUM
ftr-433	1397	27	%	%	NOUN
ftr-433	1397	28	x	x	SYM
ftr-433	1397	29	90	90	NUM
ftr-433	1397	30	%	%	NOUN
ftr-433	1397	31	)	)	PUNCT
ftr-433	1397	32	to	to	ADP
ftr-433	1397	33	1	1	NUM
ftr-433	1397	34	%	%	NOUN
ftr-433	1397	35	for	for	ADP
ftr-433	1397	36	an	an	DET
ftr-433	1397	37	asset	asset	NOUN
ftr-433	1397	38	subject	subject	NOUN
ftr-433	1397	39	to	to	ADP
ftr-433	1397	40	a	a	DET
ftr-433	1397	41	90	90	NUM
ftr-433	1397	42	%	%	NOUN
ftr-433	1397	43	tax	tax	NOUN
ftr-433	1397	44	rate	rate	NOUN
ftr-433	1397	45	(	(	PUNCT
ftr-433	1397	46	10	10	NUM
ftr-433	1397	47	%	%	NOUN
ftr-433	1397	48	x	x	SYM
ftr-433	1397	49	10	10	NUM
ftr-433	1397	50	%	%	NOUN
ftr-433	1397	51	)	)	PUNCT
ftr-433	1397	52	.	.	PUNCT
ftr-433	1398	1	economic	economic	ADJ
ftr-433	1398	2	cost	cost	NOUN
ftr-433	1398	3	recovery	recovery	NOUN
ftr-433	1398	4	,	,	PUNCT
ftr-433	1398	5	on	on	ADP
ftr-433	1398	6	the	the	DET
ftr-433	1398	7	other	other	ADJ
ftr-433	1398	8	hand	hand	NOUN
ftr-433	1398	9	,	,	PUNCT
ftr-433	1398	10	requires	require	VERB
ftr-433	1398	11	a	a	DET
ftr-433	1398	12	taxpayer	taxpayer	NOUN
ftr-433	1398	13	pre	pre	ADJ
ftr-433	1398	14	-	-	ADJ
ftr-433	1398	15	tax	tax	ADJ
ftr-433	1398	16	1hurdle	1hurdle	NUM
ftr-433	1398	17	rate	rate	NOUN
ftr-433	1398	18	equal	equal	ADJ
ftr-433	1398	19	to	to	ADP
ftr-433	1398	20	the	the	DET
ftr-433	1398	21	pre	pre	ADJ
ftr-433	1398	22	-	-	ADJ
ftr-433	1398	23	tax	tax	ADJ
ftr-433	1398	24	discount	discount	NOUN
ftr-433	1398	25	rate	rate	NOUN
ftr-433	1398	26	divided	divide	VERB
ftr-433	1398	27	by	by	ADP
ftr-433	1398	28	1	1	NUM
ftr-433	1398	29	–	–	PUNCT
ftr-433	1398	30	t	t	NOUN
ftr-433	1398	31	or	or	CCONJ
ftr-433	1398	32	d	d	NOUN
ftr-433	1398	33	/(1	/(1	SYM
ftr-433	1398	34	–	–	PUNCT
ftr-433	1398	35	t	t	NOUN
ftr-433	1398	36	)	)	PUNCT
ftr-433	1398	37	.	.	PUNCT
ftr-433	1399	1	thus	thus	ADV
ftr-433	1399	2	,	,	PUNCT
ftr-433	1399	3	for	for	ADP
ftr-433	1399	4	example	example	NOUN
ftr-433	1399	5	,	,	PUNCT
ftr-433	1399	6	an	an	DET
ftr-433	1399	7	asset	asset	NOUN
ftr-433	1399	8	subject	subject	NOUN
ftr-433	1399	9	to	to	ADP
ftr-433	1399	10	a	a	DET
ftr-433	1399	11	10	10	NUM
ftr-433	1399	12	%	%	NOUN
ftr-433	1399	13	tax	tax	NOUN
ftr-433	1399	14	rate	rate	NOUN
ftr-433	1399	15	must	must	AUX
ftr-433	1399	16	produce	produce	VERB
ftr-433	1399	17	a	a	DET
ftr-433	1399	18	yield	yield	NOUN
ftr-433	1399	19	of	of	ADP
ftr-433	1399	20	at	at	ADV
ftr-433	1399	21	least	least	ADV
ftr-433	1399	22	11.11	11.11	NUM
ftr-433	1399	23	%	%	NOUN
ftr-433	1399	24	in	in	ADP
ftr-433	1399	25	order	order	NOUN
ftr-433	1399	26	to	to	PART
ftr-433	1399	27	produce	produce	VERB
ftr-433	1399	28	a	a	DET
ftr-433	1399	29	positive	positive	ADJ
ftr-433	1399	30	net	net	ADJ
ftr-433	1399	31	present	present	ADJ
ftr-433	1399	32	value	value	NOUN
ftr-433	1399	33	after	after	ADP
ftr-433	1399	34	-	-	PUNCT
ftr-433	1399	35	tax	tax	NOUN
ftr-433	1399	36	using	use	VERB
ftr-433	1399	37	a	a	DET
ftr-433	1399	38	10	10	NUM
ftr-433	1399	39	%	%	NOUN
ftr-433	1399	40	pre	pre	ADJ
ftr-433	1399	41	-	-	ADJ
ftr-433	1399	42	tax	tax	ADJ
ftr-433	1399	43	discount	discount	NOUN
ftr-433	1399	44	rate	rate	NOUN
ftr-433	1399	45	.	.	PUNCT
ftr-433	1400	1	similarly	similarly	ADV
ftr-433	1400	2	,	,	PUNCT
ftr-433	1400	3	as	as	SCONJ
ftr-433	1400	4	figure	figure	NOUN
ftr-433	1400	5	9	9	NUM
ftr-433	1400	6	shows	show	NOUN
ftr-433	1400	7	,	,	PUNCT
ftr-433	1400	8	an	an	DET
ftr-433	1400	9	asset	asset	NOUN
ftr-433	1400	10	subject	subject	NOUN
ftr-433	1400	11	to	to	ADP
ftr-433	1400	12	a	a	DET
ftr-433	1400	13	50%182	50%182	NUM
ftr-433	1400	14	tax	tax	NOUN
ftr-433	1400	15	rate	rate	NOUN
ftr-433	1400	16	must	must	AUX
ftr-433	1400	17	produce	produce	VERB
ftr-433	1400	18	a	a	DET
ftr-433	1400	19	yield	yield	NOUN
ftr-433	1400	20	of	of	ADP
ftr-433	1400	21	at	at	ADV
ftr-433	1400	22	least	least	ADV
ftr-433	1400	23	20	20	NUM
ftr-433	1400	24	%	%	NOUN
ftr-433	1400	25	to	to	PART
ftr-433	1400	26	achieve	achieve	VERB
ftr-433	1400	27	the	the	DET
ftr-433	1400	28	taxpayer	taxpayer	NOUN
ftr-433	1400	29	pre	pre	ADJ
ftr-433	1400	30	-	-	ADJ
ftr-433	1400	31	tax	tax	ADJ
ftr-433	1400	32	1hurdle	1hurdle	NUM
ftr-433	1400	33	rate	rate	NOUN
ftr-433	1400	34	because	because	SCONJ
ftr-433	1400	35	d	d	PROPN
ftr-433	1400	36	/(1	/(1	SYM
ftr-433	1400	37	–	–	PUNCT
ftr-433	1400	38	t	t	NOUN
ftr-433	1400	39	)	)	PUNCT
ftr-433	1400	40	=	=	SYM
ftr-433	1400	41	.10/.5	.10/.5	PROPN
ftr-433	1400	42	,	,	PUNCT
ftr-433	1400	43	which	which	PRON
ftr-433	1400	44	equals	equal	VERB
ftr-433	1400	45	20	20	NUM
ftr-433	1400	46	%	%	NOUN
ftr-433	1400	47	.	.	PUNCT
ftr-433	1401	1	and	and	CCONJ
ftr-433	1401	2	finally	finally	ADV
ftr-433	1401	3	,	,	PUNCT
ftr-433	1401	4	an	an	DET
ftr-433	1401	5	asset	asset	NOUN
ftr-433	1401	6	1subject	1subject	NUM
ftr-433	1401	7	to	to	ADP
ftr-433	1401	8	an	an	DET
ftr-433	1401	9	80	80	NUM
ftr-433	1401	10	%	%	NOUN
ftr-433	1401	11	tax	tax	NOUN
ftr-433	1401	12	rate	rate	NOUN
ftr-433	1401	13	must	must	AUX
ftr-433	1401	14	produce	produce	VERB
ftr-433	1401	15	a	a	DET
ftr-433	1401	16	yield	yield	NOUN
ftr-433	1401	17	of	of	ADP
ftr-433	1401	18	at	at	ADV
ftr-433	1401	19	least	least	ADV
ftr-433	1401	20	50	50	NUM
ftr-433	1401	21	%	%	NOUN
ftr-433	1401	22	to	to	PART
ftr-433	1401	23	reach	reach	VERB
ftr-433	1401	24	h	h	NOUN
ftr-433	1401	25	1because	1because	NUM
ftr-433	1401	26	d	d	NOUN
ftr-433	1401	27	/(1	/(1	SYM
ftr-433	1401	28	–	–	PUNCT
ftr-433	1401	29	t	t	NOUN
ftr-433	1401	30	)	)	PUNCT
ftr-433	1401	31	=	=	SYM
ftr-433	1402	1	.10/.2	.10/.2	PROPN
ftr-433	1402	2	,	,	PUNCT
ftr-433	1402	3	which	which	PRON
ftr-433	1402	4	equals	equal	VERB
ftr-433	1402	5	50	50	NUM
ftr-433	1402	6	%	%	NOUN
ftr-433	1402	7	.	.	PUNCT
ftr-433	1403	1	on	on	ADP
ftr-433	1403	2	the	the	DET
ftr-433	1403	3	other	other	ADJ
ftr-433	1403	4	hand	hand	NOUN
ftr-433	1403	5	,	,	PUNCT
ftr-433	1403	6	a	a	DET
ftr-433	1403	7	taxpayer	taxpayer	NOUN
ftr-433	1403	8	’s	’s	PART
ftr-433	1403	9	2after	2after	NUM
ftr-433	1403	10	-	-	PUNCT
ftr-433	1403	11	tax	tax	NOUN
ftr-433	1403	12	hurdle	hurdle	NOUN
ftr-433	1403	13	rate	rate	NOUN
ftr-433	1403	14	for	for	ADP
ftr-433	1403	15	assets	asset	NOUN
ftr-433	1403	16	depreciated	depreciate	VERB
ftr-433	1403	17	using	use	VERB
ftr-433	1403	18	economic	economic	ADJ
ftr-433	1403	19	cost	cost	NOUN
ftr-433	1403	20	recovery	recovery	NOUN
ftr-433	1403	21	(	(	PUNCT
ftr-433	1403	22	h	h	NOUN
ftr-433	1403	23	)	)	PUNCT
ftr-433	1403	24	1always	1always	NUM
ftr-433	1403	25	equals	equal	VERB
ftr-433	1403	26	the	the	DET
ftr-433	1403	27	pre	pre	ADJ
ftr-433	1403	28	-	-	ADJ
ftr-433	1403	29	tax	tax	ADJ
ftr-433	1403	30	discount	discount	NOUN
ftr-433	1403	31	rate	rate	NOUN
ftr-433	1403	32	(	(	PUNCT
ftr-433	1403	33	d	d	NOUN
ftr-433	1403	34	)	)	PUNCT
ftr-433	1403	35	in	in	ADP
ftr-433	1403	36	figure	figure	NOUN
ftr-433	1403	37	9	9	NUM
ftr-433	1403	38	.	.	PUNCT
ftr-433	1404	1	from	from	ADP
ftr-433	1404	2	that	that	DET
ftr-433	1404	3	observation	observation	NOUN
ftr-433	1404	4	,	,	PUNCT
ftr-433	1404	5	2	2	NUM
ftr-433	1404	6	1one	1one	NOUN
ftr-433	1404	7	can	can	AUX
ftr-433	1404	8	infer	infer	VERB
ftr-433	1404	9	that	that	SCONJ
ftr-433	1404	10	h	h	NOUN
ftr-433	1404	11	always	always	ADV
ftr-433	1404	12	equals	equal	VERB
ftr-433	1404	13	d	d	PROPN
ftr-433	1404	14	if	if	SCONJ
ftr-433	1404	15	economic	economic	ADJ
ftr-433	1404	16	cost	cost	NOUN
ftr-433	1404	17	recovery	recovery	NOUN
ftr-433	1404	18	is	be	AUX
ftr-433	1404	19	used	use	VERB
ftr-433	1404	20	in	in	ADP
ftr-433	1404	21	a	a	DET
ftr-433	1404	22	rbit	rbit	NOUN
ftr-433	1405	1	base.183	base.183	NOUN
ftr-433	1405	2	the	the	DET
ftr-433	1405	3	argument	argument	NOUN
ftr-433	1405	4	that	that	SCONJ
ftr-433	1405	5	expensing	expense	VERB
ftr-433	1405	6	measures	measure	NOUN
ftr-433	1405	7	capital	capital	NOUN
ftr-433	1405	8	income	income	NOUN
ftr-433	1405	9	normatively	normatively	ADV
ftr-433	1405	10	financially	financially	ADV
ftr-433	1405	11	relates	relate	VERB
ftr-433	1405	12	to	to	ADP
ftr-433	1405	13	the	the	DET
ftr-433	1405	14	perfect	perfect	ADJ
ftr-433	1405	15	coincidence	coincidence	NOUN
ftr-433	1405	16	of	of	ADP
ftr-433	1405	17	both	both	DET
ftr-433	1405	18	taxpayer	taxpayer	NOUN
ftr-433	1405	19	hurdle	hurdle	NOUN
ftr-433	1405	20	rates	rate	NOUN
ftr-433	1405	21	with	with	ADP
ftr-433	1405	22	the	the	DET
ftr-433	1405	23	two	two	NUM
ftr-433	1405	24	financial	financial	ADJ
ftr-433	1405	25	discount	discount	NOUN
ftr-433	1405	26	rates	rate	NOUN
ftr-433	1405	27	in	in	ADP
ftr-433	1405	28	a	a	DET
ftr-433	1405	29	taxed	tax	VERB
ftr-433	1405	30	environment	environment	NOUN
ftr-433	1405	31	.	.	PUNCT
ftr-433	1406	1	when	when	SCONJ
ftr-433	1406	2	capital	capital	NOUN
ftr-433	1406	3	expensing	expensing	NOUN
ftr-433	1406	4	is	be	AUX
ftr-433	1406	5	employed	employ	VERB
ftr-433	1406	6	,	,	PUNCT
ftr-433	1406	7	rbit	rbit	ADJ
ftr-433	1406	8	base	base	NOUN
ftr-433	1406	9	accounting	accounting	NOUN
ftr-433	1406	10	is	be	AUX
ftr-433	1406	11	transparent	transparent	ADJ
ftr-433	1406	12	with	with	ADP
ftr-433	1406	13	respect	respect	NOUN
ftr-433	1406	14	to	to	ADP
ftr-433	1406	15	the	the	DET
ftr-433	1406	16	financial	financial	ADJ
ftr-433	1406	17	characteristics	characteristic	NOUN
ftr-433	1406	18	of	of	ADP
ftr-433	1406	19	investments	investment	NOUN
ftr-433	1406	20	(	(	PUNCT
ftr-433	1406	21	i.e.	i.e.	X
ftr-433	1406	22	,	,	PUNCT
ftr-433	1406	23	mirrors	mirror	VERB
ftr-433	1406	24	those	those	DET
ftr-433	1406	25	characteristics	characteristic	NOUN
ftr-433	1406	26	exactly	exactly	ADV
ftr-433	1406	27	)	)	PUNCT
ftr-433	1406	28	.	.	PUNCT
ftr-433	1407	1	the	the	DET
ftr-433	1407	2	argument	argument	NOUN
ftr-433	1407	3	against	against	ADP
ftr-433	1407	4	expensing	expensing	NOUN
ftr-433	1407	5	is	be	AUX
ftr-433	1407	6	that	that	SCONJ
ftr-433	1407	7	the	the	DET
ftr-433	1407	8	taxpayer	taxpayer	NOUN
ftr-433	1407	9	hurdle	hurdle	NOUN
ftr-433	1407	10	rates	rate	NOUN
ftr-433	1407	11	(	(	PUNCT
ftr-433	1407	12	both	both	PRON
ftr-433	1407	13	of	of	ADP
ftr-433	1407	14	which	which	PRON
ftr-433	1407	15	apply	apply	VERB
ftr-433	1407	16	to	to	ADP
ftr-433	1407	17	after	after	ADP
ftr-433	1407	18	-	-	PUNCT
ftr-433	1407	19	tax	tax	NOUN
ftr-433	1407	20	cash	cash	NOUN
ftr-433	1407	21	flow	flow	NOUN
ftr-433	1407	22	)	)	PUNCT
ftr-433	1407	23	would	would	AUX
ftr-433	1407	24	not	not	PART
ftr-433	1407	25	be	be	AUX
ftr-433	1407	26	identical	identical	ADJ
ftr-433	1407	27	to	to	ADP
ftr-433	1407	28	the	the	DET
ftr-433	1407	29	discount	discount	NOUN
ftr-433	1407	30	rates	rate	NOUN
ftr-433	1407	31	if	if	SCONJ
ftr-433	1407	32	income	income	NOUN
ftr-433	1407	33	produced	produce	VERB
ftr-433	1407	34	by	by	ADP
ftr-433	1407	35	the	the	DET
ftr-433	1407	36	asset	asset	NOUN
ftr-433	1407	37	were	be	AUX
ftr-433	1407	38	actually	actually	ADV
ftr-433	1407	39	being	be	AUX
ftr-433	1407	40	taxed.184	taxed.184	VERB
ftr-433	1407	41	the	the	DET
ftr-433	1407	42	argument	argument	NOUN
ftr-433	1407	43	against	against	ADP
ftr-433	1407	44	economic	economic	ADJ
ftr-433	1407	45	cost	cost	NOUN
ftr-433	1407	46	recovery	recovery	NOUN
ftr-433	1407	47	is	be	AUX
ftr-433	1407	48	that	that	SCONJ
ftr-433	1407	49	it	it	PRON
ftr-433	1407	50	is	be	AUX
ftr-433	1407	51	not	not	PART
ftr-433	1407	52	financially	financially	ADV
ftr-433	1407	53	neutral	neutral	ADJ
ftr-433	1407	54	because	because	SCONJ
ftr-433	1407	55	the	the	DET
ftr-433	1407	56	taxpayer	taxpayer	NOUN
ftr-433	1407	57	pre	pre	ADJ
ftr-433	1407	58	-	-	ADJ
ftr-433	1407	59	tax	tax	ADJ
ftr-433	1407	60	hurdle	hurdle	NOUN
ftr-433	1407	61	rate	rate	NOUN
ftr-433	1407	62	always	always	ADV
ftr-433	1407	63	deviates	deviate	VERB
ftr-433	1407	64	from	from	ADP
ftr-433	1407	65	the	the	DET
ftr-433	1407	66	pretax	pretax	ADJ
ftr-433	1407	67	discount	discount	NOUN
ftr-433	1407	68	rate	rate	NOUN
ftr-433	1407	69	and	and	CCONJ
ftr-433	1407	70	increases	increase	NOUN
ftr-433	1407	71	in	in	ADP
ftr-433	1407	72	relationship	relationship	NOUN
ftr-433	1407	73	to	to	ADP
ftr-433	1407	74	the	the	DET
ftr-433	1407	75	tax	tax	NOUN
ftr-433	1407	76	rate	rate	NOUN
ftr-433	1407	77	.	.	PUNCT
ftr-433	1408	1	thus	thus	ADV
ftr-433	1408	2	,	,	PUNCT
ftr-433	1408	3	the	the	PRON
ftr-433	1408	4	higher	high	ADJ
ftr-433	1408	5	an	an	DET
ftr-433	1408	6	investor	investor	NOUN
ftr-433	1408	7	’s	’s	PART
ftr-433	1408	8	tax	tax	NOUN
ftr-433	1408	9	rate	rate	NOUN
ftr-433	1408	10	,	,	PUNCT
ftr-433	1408	11	the	the	PRON
ftr-433	1408	12	greater	great	ADJ
ftr-433	1408	13	the	the	DET
ftr-433	1408	14	investment	investment	NOUN
ftr-433	1408	15	yield	yield	NOUN
ftr-433	1408	16	that	that	PRON
ftr-433	1408	17	must	must	AUX
ftr-433	1408	18	be	be	AUX
ftr-433	1408	19	obtained	obtain	VERB
ftr-433	1408	20	in	in	ADP
ftr-433	1408	21	order	order	NOUN
ftr-433	1408	22	for	for	SCONJ
ftr-433	1408	23	an	an	DET
ftr-433	1408	24	investment	investment	NOUN
ftr-433	1408	25	to	to	PART
ftr-433	1408	26	produce	produce	VERB
ftr-433	1408	27	a	a	DET
ftr-433	1408	28	positive	positive	ADJ
ftr-433	1408	29	net	net	ADJ
ftr-433	1408	30	present	present	NOUN
ftr-433	1408	31	that	that	DET
ftr-433	1408	32	value	value	NOUN
ftr-433	1408	33	after	after	ADP
ftr-433	1408	34	tax	tax	NOUN
ftr-433	1408	35	2002	2002	NUM
ftr-433	1408	36	]	]	PUNCT
ftr-433	1408	37	normative	normative	ADJ
ftr-433	1408	38	capital	capital	NOUN
ftr-433	1408	39	cost	cost	NOUN
ftr-433	1408	40	recovery	recovery	NOUN
ftr-433	1408	41	537	537	NUM
ftr-433	1408	42	185	185	NUM
ftr-433	1408	43	.	.	PUNCT
ftr-433	1409	1	cf	cf	NOUN
ftr-433	1409	2	.	.	PUNCT
ftr-433	1410	1	knoll	knoll	PROPN
ftr-433	1410	2	,	,	PUNCT
ftr-433	1410	3	supra	supra	PROPN
ftr-433	1410	4	note	note	PROPN
ftr-433	1410	5	94	94	NUM
ftr-433	1410	6	,	,	PUNCT
ftr-433	1410	7	at	at	ADP
ftr-433	1410	8	1801	1801	NUM
ftr-433	1410	9	-	-	SYM
ftr-433	1410	10	05	05	NUM
ftr-433	1410	11	(	(	PUNCT
ftr-433	1410	12	income	income	NOUN
ftr-433	1410	13	tax	tax	NOUN
ftr-433	1410	14	)	)	PUNCT
ftr-433	1410	15	and	and	CCONJ
ftr-433	1410	16	1808	1808	NUM
ftr-433	1410	17	(	(	PUNCT
ftr-433	1410	18	consumption	consumption	NOUN
ftr-433	1410	19	tax	tax	NOUN
ftr-433	1410	20	)	)	PUNCT
ftr-433	1410	21	.	.	PUNCT
ftr-433	1411	1	186	186	NUM
ftr-433	1411	2	.	.	PUNCT
ftr-433	1412	1	thus	thus	ADV
ftr-433	1412	2	,	,	PUNCT
ftr-433	1412	3	the	the	DET
ftr-433	1412	4	pre	pre	ADJ
ftr-433	1412	5	-	-	ADJ
ftr-433	1412	6	tax	tax	ADJ
ftr-433	1412	7	hurdle	hurdle	NOUN
ftr-433	1412	8	rates	rate	NOUN
ftr-433	1412	9	are	be	AUX
ftr-433	1412	10	determined	determine	VERB
ftr-433	1412	11	by	by	ADP
ftr-433	1412	12	grossing	gross	VERB
ftr-433	1412	13	up	up	ADP
ftr-433	1412	14	that	that	DET
ftr-433	1412	15	discount	discount	NOUN
ftr-433	1412	16	1	1	NUM
ftr-433	1412	17	1rate	1rate	NUM
ftr-433	1412	18	to	to	PART
ftr-433	1412	19	arrive	arrive	VERB
ftr-433	1412	20	at	at	ADP
ftr-433	1412	21	a	a	DET
ftr-433	1412	22	pre	pre	ADJ
ftr-433	1412	23	-	-	ADJ
ftr-433	1412	24	tax	tax	ADJ
ftr-433	1412	25	hurdle	hurdle	NOUN
ftr-433	1412	26	rate	rate	NOUN
ftr-433	1412	27	.	.	PUNCT
ftr-433	1413	1	the	the	DET
ftr-433	1413	2	gross	gross	ADJ
ftr-433	1413	3	up	up	ADJ
ftr-433	1413	4	formula	formula	NOUN
ftr-433	1413	5	is	be	AUX
ftr-433	1413	6	h	h	NOUN
ftr-433	1413	7	=	=	NOUN
ftr-433	1414	1	d	d	NOUN
ftr-433	1414	2	/1	/1	NOUN
ftr-433	1414	3	-	-	PUNCT
ftr-433	1414	4	t.	t.	NOUN
ftr-433	1414	5	2187	2187	NUM
ftr-433	1414	6	.	.	PUNCT
ftr-433	1415	1	thus	thus	ADV
ftr-433	1415	2	,	,	PUNCT
ftr-433	1415	3	for	for	ADP
ftr-433	1415	4	example	example	NOUN
ftr-433	1415	5	,	,	PUNCT
ftr-433	1415	6	no	no	DET
ftr-433	1415	7	net	net	ADJ
ftr-433	1415	8	financial	financial	ADJ
ftr-433	1415	9	income	income	NOUN
ftr-433	1415	10	is	be	AUX
ftr-433	1415	11	created	create	VERB
ftr-433	1415	12	after	after	ADP
ftr-433	1415	13	tax	tax	NOUN
ftr-433	1415	14	(	(	PUNCT
ftr-433	1415	15	npv	npv	PROPN
ftr-433	1415	16	atcf	atcf	NOUN
ftr-433	1415	17	>	>	X
ftr-433	1415	18	0	0	NUM
ftr-433	1415	19	)	)	PUNCT
ftr-433	1415	20	,	,	PUNCT
ftr-433	1415	21	given	give	VERB
ftr-433	1415	22	a	a	DET
ftr-433	1415	23	50	50	NUM
ftr-433	1415	24	%	%	NOUN
ftr-433	1415	25	tax	tax	NOUN
ftr-433	1415	26	rate	rate	NOUN
ftr-433	1415	27	,	,	PUNCT
ftr-433	1415	28	unless	unless	SCONJ
ftr-433	1415	29	the	the	DET
ftr-433	1415	30	yield	yield	NOUN
ftr-433	1415	31	rate	rate	NOUN
ftr-433	1415	32	exceeds	exceed	VERB
ftr-433	1415	33	20	20	NUM
ftr-433	1415	34	%	%	NOUN
ftr-433	1415	35	,	,	PUNCT
ftr-433	1415	36	which	which	PRON
ftr-433	1415	37	equals	equal	VERB
ftr-433	1415	38	1d	1d	NUM
ftr-433	1415	39	/1	/1	NOUN
ftr-433	1415	40	-	-	PUNCT
ftr-433	1415	41	t.	t.	NOUN
ftr-433	1415	42	see	see	NOUN
ftr-433	1415	43	supra	supra	ADJ
ftr-433	1415	44	figure	figure	NOUN
ftr-433	1415	45	9	9	NUM
ftr-433	1415	46	and	and	CCONJ
ftr-433	1415	47	accompanying	accompany	VERB
ftr-433	1415	48	text	text	NOUN
ftr-433	1415	49	.	.	PUNCT
ftr-433	1416	1	using	use	VERB
ftr-433	1416	2	the	the	DET
ftr-433	1416	3	pre	pre	ADJ
ftr-433	1416	4	-	-	ADJ
ftr-433	1416	5	tax	tax	ADJ
ftr-433	1416	6	discount	discount	NOUN
ftr-433	1416	7	rate	rate	NOUN
ftr-433	1416	8	.	.	PUNCT
ftr-433	1417	1	the	the	DET
ftr-433	1417	2	counterargument	counterargument	NOUN
ftr-433	1417	3	would	would	AUX
ftr-433	1417	4	be	be	AUX
ftr-433	1417	5	that	that	SCONJ
ftr-433	1417	6	the	the	DET
ftr-433	1417	7	pre-185	pre-185	ADJ
ftr-433	1417	8	tax	tax	NOUN
ftr-433	1417	9	discount	discount	NOUN
ftr-433	1417	10	rate	rate	NOUN
ftr-433	1417	11	is	be	AUX
ftr-433	1417	12	the	the	DET
ftr-433	1417	13	logical	logical	ADJ
ftr-433	1417	14	floor	floor	NOUN
ftr-433	1417	15	for	for	SCONJ
ftr-433	1417	16	taxpayers	taxpayer	NOUN
ftr-433	1417	17	to	to	PART
ftr-433	1417	18	use	use	VERB
ftr-433	1417	19	when	when	SCONJ
ftr-433	1417	20	initially	initially	ADV
ftr-433	1417	21	determining	determine	VERB
ftr-433	1417	22	whether	whether	SCONJ
ftr-433	1417	23	a	a	DET
ftr-433	1417	24	given	give	VERB
ftr-433	1417	25	investment	investment	NOUN
ftr-433	1417	26	will	will	AUX
ftr-433	1417	27	produce	produce	VERB
ftr-433	1417	28	net	net	ADJ
ftr-433	1417	29	income	income	NOUN
ftr-433	1417	30	,	,	PUNCT
ftr-433	1417	31	whether	whether	SCONJ
ftr-433	1417	32	realized	realize	VERB
ftr-433	1417	33	or	or	CCONJ
ftr-433	1417	34	not	not	PART
ftr-433	1417	35	.	.	PUNCT
ftr-433	1418	1	since	since	SCONJ
ftr-433	1418	2	both	both	CCONJ
ftr-433	1418	3	the	the	DET
ftr-433	1418	4	taxpayer	taxpayer	NOUN
ftr-433	1418	5	pre	pre	ADJ
ftr-433	1418	6	-	-	ADJ
ftr-433	1418	7	tax	tax	ADJ
ftr-433	1418	8	hurdle	hurdle	NOUN
ftr-433	1418	9	rate	rate	NOUN
ftr-433	1418	10	and	and	CCONJ
ftr-433	1418	11	the	the	DET
ftr-433	1418	12	taxpayer	taxpayer	NOUN
ftr-433	1418	13	after	after	ADP
ftr-433	1418	14	-	-	PUNCT
ftr-433	1418	15	tax	tax	NOUN
ftr-433	1418	16	hurdle	hurdle	NOUN
ftr-433	1418	17	rate	rate	NOUN
ftr-433	1418	18	apply	apply	VERB
ftr-433	1418	19	to	to	ADP
ftr-433	1418	20	the	the	DET
ftr-433	1418	21	after	after	ADP
ftr-433	1418	22	-	-	PUNCT
ftr-433	1418	23	tax	tax	NOUN
ftr-433	1418	24	cash	cash	NOUN
ftr-433	1418	25	flow	flow	NOUN
ftr-433	1418	26	,	,	PUNCT
ftr-433	1418	27	it	it	PRON
ftr-433	1418	28	is	be	AUX
ftr-433	1418	29	logical	logical	ADJ
ftr-433	1418	30	that	that	SCONJ
ftr-433	1418	31	neither	neither	DET
ftr-433	1418	32	1	1	NUM
ftr-433	1418	33	2hurdle	2hurdle	NUM
ftr-433	1418	34	rate	rate	NOUN
ftr-433	1418	35	would	would	AUX
ftr-433	1418	36	coincide	coincide	VERB
ftr-433	1418	37	with	with	ADP
ftr-433	1418	38	the	the	DET
ftr-433	1418	39	discount	discount	NOUN
ftr-433	1418	40	rates	rate	NOUN
ftr-433	1418	41	,	,	PUNCT
ftr-433	1418	42	but	but	CCONJ
ftr-433	1418	43	exceed	exceed	VERB
ftr-433	1418	44	d	d	PROPN
ftr-433	1418	45	and	and	CCONJ
ftr-433	1418	46	d	d	NOUN
ftr-433	1418	47	by	by	ADP
ftr-433	1418	48	the	the	DET
ftr-433	1418	49	reciprocal	reciprocal	NOUN
ftr-433	1418	50	of	of	ADP
ftr-433	1418	51	1	1	NUM
ftr-433	1418	52	–	–	PUNCT
ftr-433	1418	53	t	t	PROPN
ftr-433	1418	54	,	,	PUNCT
ftr-433	1418	55	as	as	SCONJ
ftr-433	1418	56	they	they	PRON
ftr-433	1418	57	do	do	VERB
ftr-433	1418	58	.	.	PUNCT
ftr-433	1419	1	4	4	X
ftr-433	1419	2	.	.	X
ftr-433	1419	3	summary.—ultimately	summary.—ultimately	ADV
ftr-433	1419	4	,	,	PUNCT
ftr-433	1419	5	both	both	PRON
ftr-433	1419	6	npv	npv	PROPN
ftr-433	1419	7	etr	etr	PROPN
ftr-433	1419	8	and	and	CCONJ
ftr-433	1419	9	hurdle	hurdle	NOUN
ftr-433	1419	10	rate	rate	NOUN
ftr-433	1419	11	analysis	analysis	NOUN
ftr-433	1419	12	show	show	VERB
ftr-433	1419	13	how	how	SCONJ
ftr-433	1419	14	and	and	CCONJ
ftr-433	1419	15	why	why	SCONJ
ftr-433	1419	16	the	the	DET
ftr-433	1419	17	differences	difference	NOUN
ftr-433	1419	18	between	between	ADP
ftr-433	1419	19	economic	economic	ADJ
ftr-433	1419	20	cost	cost	NOUN
ftr-433	1419	21	recovery	recovery	NOUN
ftr-433	1419	22	and	and	CCONJ
ftr-433	1419	23	expensing	expense	VERB
ftr-433	1419	24	in	in	ADP
ftr-433	1419	25	a	a	DET
ftr-433	1419	26	rbit	rbit	NOUN
ftr-433	1419	27	base	base	NOUN
ftr-433	1419	28	reflect	reflect	VERB
ftr-433	1419	29	their	their	PRON
ftr-433	1419	30	different	different	ADJ
ftr-433	1419	31	functions	function	NOUN
ftr-433	1419	32	within	within	ADP
ftr-433	1419	33	their	their	PRON
ftr-433	1419	34	native	native	ADJ
ftr-433	1419	35	tax	tax	NOUN
ftr-433	1419	36	bases	basis	NOUN
ftr-433	1419	37	.	.	PUNCT
ftr-433	1420	1	economic	economic	ADJ
ftr-433	1420	2	cost	cost	NOUN
ftr-433	1420	3	recovery	recovery	NOUN
ftr-433	1420	4	causes	cause	VERB
ftr-433	1420	5	a	a	DET
ftr-433	1420	6	rbit	rbit	NOUN
ftr-433	1420	7	base	base	NOUN
ftr-433	1420	8	investment	investment	NOUN
ftr-433	1420	9	to	to	PART
ftr-433	1420	10	emulate	emulate	VERB
ftr-433	1420	11	the	the	DET
ftr-433	1420	12	taxation	taxation	NOUN
ftr-433	1420	13	of	of	ADP
ftr-433	1420	14	depreciable	depreciable	ADJ
ftr-433	1420	15	assets	asset	NOUN
ftr-433	1420	16	in	in	ADP
ftr-433	1420	17	a	a	DET
ftr-433	1420	18	normative	normative	ADJ
ftr-433	1420	19	amit	amit	PROPN
ftr-433	1420	20	base	base	NOUN
ftr-433	1420	21	.	.	PUNCT
ftr-433	1421	1	under	under	ADP
ftr-433	1421	2	this	this	DET
ftr-433	1421	3	cost	cost	NOUN
ftr-433	1421	4	recovery	recovery	NOUN
ftr-433	1421	5	method	method	NOUN
ftr-433	1421	6	,	,	PUNCT
ftr-433	1421	7	the	the	DET
ftr-433	1421	8	very	very	ADJ
ftr-433	1421	9	existence	existence	NOUN
ftr-433	1421	10	of	of	ADP
ftr-433	1421	11	income	income	NOUN
ftr-433	1421	12	from	from	ADP
ftr-433	1421	13	investment	investment	NOUN
ftr-433	1421	14	is	be	AUX
ftr-433	1421	15	dependent	dependent	ADJ
ftr-433	1421	16	upon	upon	SCONJ
ftr-433	1421	17	and	and	CCONJ
ftr-433	1421	18	is	be	AUX
ftr-433	1421	19	measured	measure	VERB
ftr-433	1421	20	relative	relative	ADJ
ftr-433	1421	21	to	to	ADP
ftr-433	1421	22	the	the	DET
ftr-433	1421	23	pre	pre	ADJ
ftr-433	1421	24	-	-	ADJ
ftr-433	1421	25	tax	tax	ADJ
ftr-433	1421	26	discount	discount	NOUN
ftr-433	1421	27	rate	rate	NOUN
ftr-433	1421	28	.	.	PUNCT
ftr-433	1422	1	this	this	PRON
ftr-433	1422	2	is	be	AUX
ftr-433	1422	3	because	because	SCONJ
ftr-433	1422	4	no	no	DET
ftr-433	1422	5	net	net	ADJ
ftr-433	1422	6	increase	increase	NOUN
ftr-433	1422	7	in	in	ADP
ftr-433	1422	8	wealth	wealth	NOUN
ftr-433	1422	9	is	be	AUX
ftr-433	1422	10	created	create	VERB
ftr-433	1422	11	in	in	ADP
ftr-433	1422	12	an	an	DET
ftr-433	1422	13	amit	amit	NOUN
ftr-433	1422	14	base	base	NOUN
ftr-433	1422	15	,	,	PUNCT
ftr-433	1422	16	or	or	CCONJ
ftr-433	1422	17	in	in	ADP
ftr-433	1422	18	a	a	DET
ftr-433	1422	19	rbit	rbit	NOUN
ftr-433	1422	20	base	base	NOUN
ftr-433	1422	21	using	use	VERB
ftr-433	1422	22	economic	economic	ADJ
ftr-433	1422	23	cost	cost	NOUN
ftr-433	1422	24	2recovery	2recovery	NUM
ftr-433	1422	25	,	,	PUNCT
ftr-433	1422	26	unless	unless	SCONJ
ftr-433	1422	27	and	and	CCONJ
ftr-433	1422	28	to	to	ADP
ftr-433	1422	29	the	the	DET
ftr-433	1422	30	extent	extent	NOUN
ftr-433	1422	31	the	the	DET
ftr-433	1422	32	taxpayer	taxpayer	NOUN
ftr-433	1422	33	’s	’s	PART
ftr-433	1422	34	after	after	ADP
ftr-433	1422	35	-	-	PUNCT
ftr-433	1422	36	tax	tax	NOUN
ftr-433	1422	37	yield	yield	NOUN
ftr-433	1422	38	rate	rate	NOUN
ftr-433	1422	39	(	(	PUNCT
ftr-433	1422	40	h	h	NOUN
ftr-433	1422	41	)	)	PUNCT
ftr-433	1422	42	equals	equal	VERB
ftr-433	1422	43	1or	1or	PROPN
ftr-433	1422	44	exceeds	exceed	VERB
ftr-433	1422	45	the	the	DET
ftr-433	1422	46	pre	pre	ADJ
ftr-433	1422	47	-	-	ADJ
ftr-433	1422	48	tax	tax	ADJ
ftr-433	1422	49	discount	discount	NOUN
ftr-433	1422	50	rate	rate	NOUN
ftr-433	1422	51	(	(	PUNCT
ftr-433	1422	52	d	d	NOUN
ftr-433	1422	53	)	)	PUNCT
ftr-433	1422	54	.	.	PUNCT
ftr-433	1423	1	the	the	DET
ftr-433	1423	2	pre	pre	ADJ
ftr-433	1423	3	-	-	ADJ
ftr-433	1423	4	tax	tax	ADJ
ftr-433	1423	5	discount	discount	NOUN
ftr-433	1423	6	rate	rate	NOUN
ftr-433	1423	7	(	(	PUNCT
ftr-433	1423	8	which186	which186	PROPN
ftr-433	1423	9	equals	equal	VERB
ftr-433	1423	10	the	the	DET
ftr-433	1423	11	taxpayer	taxpayer	NOUN
ftr-433	1423	12	’s	’s	PART
ftr-433	1423	13	after	after	ADP
ftr-433	1423	14	-	-	PUNCT
ftr-433	1423	15	tax	tax	NOUN
ftr-433	1423	16	hurdle	hurdle	NOUN
ftr-433	1423	17	rate	rate	NOUN
ftr-433	1423	18	)	)	PUNCT
ftr-433	1423	19	serves	serve	VERB
ftr-433	1423	20	as	as	ADP
ftr-433	1423	21	a	a	DET
ftr-433	1423	22	floor	floor	NOUN
ftr-433	1423	23	for	for	ADP
ftr-433	1423	24	determining	determine	VERB
ftr-433	1423	25	the	the	DET
ftr-433	1423	26	existence	existence	NOUN
ftr-433	1423	27	and	and	CCONJ
ftr-433	1423	28	amount	amount	NOUN
ftr-433	1423	29	of	of	ADP
ftr-433	1423	30	net	net	ADJ
ftr-433	1423	31	increases	increase	NOUN
ftr-433	1423	32	in	in	ADP
ftr-433	1423	33	wealth	wealth	NOUN
ftr-433	1423	34	after	after	ADP
ftr-433	1423	35	tax	tax	NOUN
ftr-433	1423	36	.	.	PUNCT
ftr-433	1424	1	this	this	PRON
ftr-433	1424	2	causes	cause	VERB
ftr-433	1424	3	non-187	non-187	ADJ
ftr-433	1424	4	normative	normative	ADJ
ftr-433	1424	5	taxation	taxation	NOUN
ftr-433	1424	6	of	of	ADP
ftr-433	1424	7	investment	investment	NOUN
ftr-433	1424	8	yield	yield	NOUN
ftr-433	1424	9	based	base	VERB
ftr-433	1424	10	on	on	ADP
ftr-433	1424	11	both	both	DET
ftr-433	1424	12	npv	npv	PROPN
ftr-433	1424	13	etr	etr	PROPN
ftr-433	1424	14	and	and	CCONJ
ftr-433	1424	15	hurdle	hurdle	NOUN
ftr-433	1424	16	rate	rate	NOUN
ftr-433	1424	17	analysis	analysis	NOUN
ftr-433	1424	18	.	.	PUNCT
ftr-433	1425	1	on	on	ADP
ftr-433	1425	2	the	the	DET
ftr-433	1425	3	other	other	ADJ
ftr-433	1425	4	hand	hand	NOUN
ftr-433	1425	5	,	,	PUNCT
ftr-433	1425	6	capital	capital	NOUN
ftr-433	1425	7	expensing	expense	VERB
ftr-433	1425	8	in	in	ADP
ftr-433	1425	9	a	a	DET
ftr-433	1425	10	rbit	rbit	NOUN
ftr-433	1425	11	base	base	NOUN
ftr-433	1425	12	,	,	PUNCT
ftr-433	1425	13	like	like	ADP
ftr-433	1425	14	cfit	cfit	NOUN
ftr-433	1425	15	base	base	NOUN
ftr-433	1425	16	cash	cash	NOUN
ftr-433	1425	17	flow	flow	NOUN
ftr-433	1425	18	accounting	accounting	NOUN
ftr-433	1425	19	,	,	PUNCT
ftr-433	1425	20	ignores	ignore	VERB
ftr-433	1425	21	the	the	DET
ftr-433	1425	22	relative	relative	ADJ
ftr-433	1425	23	value	value	NOUN
ftr-433	1425	24	of	of	ADP
ftr-433	1425	25	the	the	DET
ftr-433	1425	26	underlying	underlie	VERB
ftr-433	1425	27	asset	asset	NOUN
ftr-433	1425	28	and	and	CCONJ
ftr-433	1425	29	basically	basically	ADV
ftr-433	1425	30	uses	use	VERB
ftr-433	1425	31	the	the	DET
ftr-433	1425	32	after	after	ADP
ftr-433	1425	33	-	-	PUNCT
ftr-433	1425	34	tax	tax	NOUN
ftr-433	1425	35	discount	discount	NOUN
ftr-433	1425	36	rate	rate	NOUN
ftr-433	1425	37	as	as	ADP
ftr-433	1425	38	the	the	DET
ftr-433	1425	39	floor	floor	NOUN
ftr-433	1425	40	for	for	ADP
ftr-433	1425	41	determining	determine	VERB
ftr-433	1425	42	the	the	DET
ftr-433	1425	43	existence	existence	NOUN
ftr-433	1425	44	and	and	CCONJ
ftr-433	1425	45	amount	amount	NOUN
ftr-433	1425	46	of	of	ADP
ftr-433	1425	47	income	income	NOUN
ftr-433	1425	48	produced	produce	VERB
ftr-433	1425	49	by	by	ADP
ftr-433	1425	50	a	a	DET
ftr-433	1425	51	given	give	VERB
ftr-433	1425	52	investment	investment	NOUN
ftr-433	1425	53	.	.	PUNCT
ftr-433	1426	1	while	while	SCONJ
ftr-433	1426	2	no	no	DET
ftr-433	1426	3	net	net	ADJ
ftr-433	1426	4	value	value	NOUN
ftr-433	1426	5	,	,	PUNCT
ftr-433	1426	6	and	and	CCONJ
ftr-433	1426	7	therefore	therefore	ADV
ftr-433	1426	8	no	no	DET
ftr-433	1426	9	accretion	accretion	NOUN
ftr-433	1426	10	-	-	PUNCT
ftr-433	1426	11	measured	measure	VERB
ftr-433	1426	12	income	income	NOUN
ftr-433	1426	13	,	,	PUNCT
ftr-433	1426	14	may	may	AUX
ftr-433	1426	15	be	be	AUX
ftr-433	1426	16	created	create	VERB
ftr-433	1426	17	by	by	ADP
ftr-433	1426	18	an	an	DET
ftr-433	1426	19	1investment	1investment	NUM
ftr-433	1426	20	return	return	NOUN
ftr-433	1426	21	not	not	PART
ftr-433	1426	22	in	in	ADP
ftr-433	1426	23	excess	excess	NOUN
ftr-433	1426	24	of	of	ADP
ftr-433	1426	25	d	d	PROPN
ftr-433	1426	26	,	,	PUNCT
ftr-433	1426	27	realized	realize	VERB
ftr-433	1426	28	income	income	NOUN
ftr-433	1426	29	may	may	AUX
ftr-433	1426	30	be	be	AUX
ftr-433	1426	31	and	and	CCONJ
ftr-433	1426	32	is	be	AUX
ftr-433	1426	33	produced	produce	VERB
ftr-433	1426	34	under	under	ADP
ftr-433	1426	35	those	those	DET
ftr-433	1426	36	circumstances	circumstance	NOUN
ftr-433	1426	37	.	.	PUNCT
ftr-433	1427	1	expensed	expense	VERB
ftr-433	1427	2	investments	investment	NOUN
ftr-433	1427	3	produce	produce	VERB
ftr-433	1427	4	a	a	DET
ftr-433	1427	5	positive	positive	ADJ
ftr-433	1427	6	net	net	ADJ
ftr-433	1427	7	present	present	NOUN
ftr-433	1427	8	2value	2value	NUM
ftr-433	1427	9	after	after	ADP
ftr-433	1427	10	tax	tax	NOUN
ftr-433	1427	11	as	as	ADV
ftr-433	1427	12	long	long	ADV
ftr-433	1427	13	as	as	SCONJ
ftr-433	1427	14	they	they	PRON
ftr-433	1427	15	have	have	VERB
ftr-433	1427	16	an	an	DET
ftr-433	1427	17	after	after	ADP
ftr-433	1427	18	-	-	PUNCT
ftr-433	1427	19	tax	tax	NOUN
ftr-433	1427	20	yield	yield	NOUN
ftr-433	1427	21	rate	rate	NOUN
ftr-433	1427	22	(	(	PUNCT
ftr-433	1427	23	h	h	NOUN
ftr-433	1427	24	)	)	PUNCT
ftr-433	1427	25	in	in	ADP
ftr-433	1427	26	excess	excess	NOUN
ftr-433	1427	27	of	of	ADP
ftr-433	1427	28	the	the	DET
ftr-433	1427	29	2applicable	2applicable	ADJ
ftr-433	1427	30	after	after	ADP
ftr-433	1427	31	-	-	PUNCT
ftr-433	1427	32	tax	tax	NOUN
ftr-433	1427	33	discount	discount	NOUN
ftr-433	1427	34	rate	rate	NOUN
ftr-433	1427	35	(	(	PUNCT
ftr-433	1427	36	d	d	NOUN
ftr-433	1427	37	)	)	PUNCT
ftr-433	1427	38	.	.	PUNCT
ftr-433	1428	1	in	in	ADP
ftr-433	1428	2	addition	addition	NOUN
ftr-433	1428	3	,	,	PUNCT
ftr-433	1428	4	the	the	DET
ftr-433	1428	5	npv	npv	PROPN
ftr-433	1428	6	etr	etr	PROPN
ftr-433	1428	7	’s	’s	PART
ftr-433	1428	8	produced	produce	VERB
ftr-433	1428	9	by	by	ADP
ftr-433	1428	10	expensing	expense	VERB
ftr-433	1428	11	coincide	coincide	NOUN
ftr-433	1428	12	with	with	ADP
ftr-433	1428	13	the	the	DET
ftr-433	1428	14	nominal	nominal	ADJ
ftr-433	1428	15	tax	tax	NOUN
ftr-433	1428	16	rate	rate	NOUN
ftr-433	1428	17	at	at	ADP
ftr-433	1428	18	all	all	DET
ftr-433	1428	19	yield	yield	NOUN
ftr-433	1428	20	and	and	CCONJ
ftr-433	1428	21	tax	tax	NOUN
ftr-433	1428	22	rates	rate	NOUN
ftr-433	1428	23	.	.	PUNCT
ftr-433	1429	1	thus	thus	ADV
ftr-433	1429	2	,	,	PUNCT
ftr-433	1429	3	two	two	NUM
ftr-433	1429	4	of	of	ADP
ftr-433	1429	5	the	the	DET
ftr-433	1429	6	three	three	NUM
ftr-433	1429	7	financial	financial	ADJ
ftr-433	1429	8	criteria	criterion	NOUN
ftr-433	1429	9	employed	employ	VERB
ftr-433	1429	10	in	in	ADP
ftr-433	1429	11	this	this	DET
ftr-433	1429	12	analysis	analysis	NOUN
ftr-433	1429	13	–	–	PUNCT
ftr-433	1429	14	npv	npv	NOUN
ftr-433	1429	15	etr	etr	PROPN
ftr-433	1429	16	and	and	CCONJ
ftr-433	1429	17	hurdle	hurdle	NOUN
ftr-433	1429	18	rate	rate	NOUN
ftr-433	1429	19	analysis	analysis	NOUN
ftr-433	1429	20	–	–	PUNCT
ftr-433	1429	21	suggest	suggest	VERB
ftr-433	1429	22	that	that	SCONJ
ftr-433	1429	23	capital	capital	NOUN
ftr-433	1429	24	expensing	expense	VERB
ftr-433	1429	25	normatively	normatively	ADV
ftr-433	1429	26	taxes	taxis	NOUN
ftr-433	1429	27	the	the	DET
ftr-433	1429	28	rbit	rbit	NOUN
ftr-433	1429	29	base	base	NOUN
ftr-433	1429	30	capital	capital	NOUN
ftr-433	1429	31	income	income	NOUN
ftr-433	1429	32	produced	produce	VERB
ftr-433	1429	33	by	by	ADP
ftr-433	1429	34	short	short	ADJ
ftr-433	1429	35	-	-	PUNCT
ftr-433	1429	36	lived	live	VERB
ftr-433	1429	37	fully	fully	ADV
ftr-433	1429	38	-	-	PUNCT
ftr-433	1429	39	depreciating	depreciate	VERB
ftr-433	1429	40	assets	asset	NOUN
ftr-433	1429	41	.	.	PUNCT
ftr-433	1430	1	in	in	ADP
ftr-433	1430	2	addition	addition	NOUN
ftr-433	1430	3	,	,	PUNCT
ftr-433	1430	4	by	by	ADP
ftr-433	1430	5	meeting	meet	VERB
ftr-433	1430	6	these	these	DET
ftr-433	1430	7	financial	financial	ADJ
ftr-433	1430	8	criteria	criterion	NOUN
ftr-433	1430	9	,	,	PUNCT
ftr-433	1430	10	expensing	expense	VERB
ftr-433	1430	11	makes	make	VERB
ftr-433	1430	12	the	the	DET
ftr-433	1430	13	financial	financial	ADJ
ftr-433	1430	14	characteristics	characteristic	NOUN
ftr-433	1430	15	538	538	NUM
ftr-433	1430	16	florida	florida	PROPN
ftr-433	1430	17	tax	tax	NOUN
ftr-433	1430	18	review	review	NOUN
ftr-433	1431	1	[	[	X
ftr-433	1431	2	vol	vol	NOUN
ftr-433	1431	3	.	.	PUNCT
ftr-433	1431	4	5:7	5:7	NUM
ftr-433	1431	5	188	188	NUM
ftr-433	1431	6	.	.	PUNCT
ftr-433	1432	1	those	those	DET
ftr-433	1432	2	circumstances	circumstance	NOUN
ftr-433	1432	3	include	include	VERB
ftr-433	1432	4	variable	variable	ADJ
ftr-433	1432	5	yield	yield	NOUN
ftr-433	1432	6	,	,	PUNCT
ftr-433	1432	7	tax	tax	NOUN
ftr-433	1432	8	and	and	CCONJ
ftr-433	1432	9	discount	discount	NOUN
ftr-433	1432	10	rates	rate	NOUN
ftr-433	1432	11	.	.	PUNCT
ftr-433	1433	1	a	a	DET
ftr-433	1433	2	subsequent	subsequent	ADJ
ftr-433	1433	3	article	article	NOUN
ftr-433	1433	4	will	will	AUX
ftr-433	1433	5	examine	examine	VERB
ftr-433	1433	6	the	the	DET
ftr-433	1433	7	impact	impact	NOUN
ftr-433	1433	8	of	of	ADP
ftr-433	1433	9	variable	variable	ADJ
ftr-433	1433	10	inflation	inflation	NOUN
ftr-433	1433	11	rates	rate	NOUN
ftr-433	1433	12	on	on	ADP
ftr-433	1433	13	the	the	DET
ftr-433	1433	14	financial	financial	ADJ
ftr-433	1433	15	characteristics	characteristic	NOUN
ftr-433	1433	16	of	of	ADP
ftr-433	1433	17	rbit	rbit	NOUN
ftr-433	1433	18	base	base	NOUN
ftr-433	1433	19	cost	cost	NOUN
ftr-433	1433	20	recovery	recovery	NOUN
ftr-433	1433	21	methods	method	NOUN
ftr-433	1433	22	.	.	PUNCT
ftr-433	1434	1	189	189	NUM
ftr-433	1434	2	.	.	PUNCT
ftr-433	1435	1	the	the	DET
ftr-433	1435	2	information	information	NOUN
ftr-433	1435	3	in	in	ADP
ftr-433	1435	4	table	table	NOUN
ftr-433	1435	5	19	19	NUM
ftr-433	1435	6	comes	come	VERB
ftr-433	1435	7	from	from	ADP
ftr-433	1435	8	the	the	DET
ftr-433	1435	9	previous	previous	ADJ
ftr-433	1435	10	discussions	discussion	NOUN
ftr-433	1435	11	in	in	ADP
ftr-433	1435	12	supra	supra	PROPN
ftr-433	1435	13	part	part	PROPN
ftr-433	1435	14	vi	vi	PROPN
ftr-433	1435	15	.	.	PROPN
ftr-433	1435	16	see	see	VERB
ftr-433	1435	17	e.g.	e.g.	ADV
ftr-433	1435	18	,	,	PUNCT
ftr-433	1435	19	supra	supra	ADJ
ftr-433	1435	20	part	part	NOUN
ftr-433	1435	21	vi.a	vi.a	PROPN
ftr-433	1435	22	.	.	PUNCT
ftr-433	1436	1	for	for	ADP
ftr-433	1436	2	a	a	DET
ftr-433	1436	3	discussion	discussion	NOUN
ftr-433	1436	4	of	of	ADP
ftr-433	1436	5	amit	amit	PROPN
ftr-433	1436	6	base	base	PROPN
ftr-433	1436	7	taxation	taxation	NOUN
ftr-433	1436	8	;	;	PUNCT
ftr-433	1436	9	supra	supra	ADJ
ftr-433	1436	10	part	part	NOUN
ftr-433	1436	11	vi.b	vi.b	PROPN
ftr-433	1436	12	.	.	PROPN
ftr-433	1436	13	,	,	PUNCT
ftr-433	1436	14	for	for	ADP
ftr-433	1436	15	a	a	DET
ftr-433	1436	16	discussion	discussion	NOUN
ftr-433	1436	17	of	of	ADP
ftr-433	1436	18	cfit	cfit	NOUN
ftr-433	1436	19	base	base	NOUN
ftr-433	1436	20	taxation	taxation	NOUN
ftr-433	1436	21	;	;	PUNCT
ftr-433	1436	22	and	and	CCONJ
ftr-433	1436	23	supra	supra	ADJ
ftr-433	1436	24	part	part	NOUN
ftr-433	1436	25	vi.c	vi.c	VERB
ftr-433	1436	26	.	.	PUNCT
ftr-433	1436	27	,	,	PUNCT
ftr-433	1436	28	for	for	ADP
ftr-433	1436	29	a	a	DET
ftr-433	1436	30	discussion	discussion	NOUN
ftr-433	1436	31	of	of	ADP
ftr-433	1436	32	rbit	rbit	NOUN
ftr-433	1436	33	base	base	NOUN
ftr-433	1436	34	taxation	taxation	NOUN
ftr-433	1436	35	.	.	PUNCT
ftr-433	1437	1	where	where	SCONJ
ftr-433	1437	2	a	a	DET
ftr-433	1437	3	financial	financial	ADJ
ftr-433	1437	4	characteristic	characteristic	NOUN
ftr-433	1437	5	such	such	ADJ
ftr-433	1437	6	as	as	ADP
ftr-433	1437	7	npv	npv	PROPN
ftr-433	1437	8	etr	etr	PROPN
ftr-433	1437	9	varies	vary	VERB
ftr-433	1437	10	in	in	ADP
ftr-433	1437	11	relation	relation	NOUN
ftr-433	1437	12	to	to	ADP
ftr-433	1437	13	a	a	DET
ftr-433	1437	14	range	range	NOUN
ftr-433	1437	15	of	of	ADP
ftr-433	1437	16	external	external	ADJ
ftr-433	1437	17	financial	financial	ADJ
ftr-433	1437	18	circumstances	circumstance	NOUN
ftr-433	1437	19	,	,	PUNCT
ftr-433	1437	20	such	such	ADJ
ftr-433	1437	21	as	as	ADP
ftr-433	1437	22	yield	yield	NOUN
ftr-433	1437	23	,	,	PUNCT
ftr-433	1437	24	discount	discount	NOUN
ftr-433	1437	25	or	or	CCONJ
ftr-433	1437	26	tax	tax	NOUN
ftr-433	1437	27	rates	rate	NOUN
ftr-433	1437	28	,	,	PUNCT
ftr-433	1437	29	the	the	DET
ftr-433	1437	30	formula	formula	NOUN
ftr-433	1437	31	given	give	VERB
ftr-433	1437	32	in	in	ADP
ftr-433	1437	33	table	table	NOUN
ftr-433	1437	34	19	19	NUM
ftr-433	1437	35	describes	describe	VERB
ftr-433	1437	36	the	the	DET
ftr-433	1437	37	range	range	NOUN
ftr-433	1437	38	of	of	ADP
ftr-433	1437	39	values	value	NOUN
ftr-433	1437	40	that	that	PRON
ftr-433	1437	41	particular	particular	ADJ
ftr-433	1437	42	financial	financial	ADJ
ftr-433	1437	43	characteristic	characteristic	NOUN
ftr-433	1437	44	exhibits	exhibit	VERB
ftr-433	1437	45	across	across	ADP
ftr-433	1437	46	the	the	DET
ftr-433	1437	47	range	range	NOUN
ftr-433	1437	48	of	of	ADP
ftr-433	1437	49	financial	financial	ADJ
ftr-433	1437	50	circumstances	circumstance	NOUN
ftr-433	1437	51	examined	examine	VERB
ftr-433	1437	52	in	in	ADP
ftr-433	1437	53	part	part	NOUN
ftr-433	1437	54	vi	vi	PROPN
ftr-433	1437	55	.	.	PROPN
ftr-433	1438	1	for	for	ADP
ftr-433	1438	2	example	example	NOUN
ftr-433	1438	3	,	,	PUNCT
ftr-433	1438	4	the	the	DET
ftr-433	1438	5	npv	npv	NOUN
ftr-433	1438	6	effective	effective	ADJ
ftr-433	1438	7	tax	tax	NOUN
ftr-433	1438	8	rate	rate	NOUN
ftr-433	1438	9	of	of	ADP
ftr-433	1438	10	an	an	DET
ftr-433	1438	11	asset	asset	NOUN
ftr-433	1438	12	subject	subject	NOUN
ftr-433	1438	13	to	to	ADP
ftr-433	1438	14	economic	economic	ADJ
ftr-433	1438	15	cost	cost	NOUN
ftr-433	1438	16	recovery	recovery	NOUN
ftr-433	1438	17	in	in	ADP
ftr-433	1438	18	a	a	DET
ftr-433	1438	19	rbit	rbit	NOUN
ftr-433	1438	20	base	base	NOUN
ftr-433	1438	21	ranges	range	VERB
ftr-433	1438	22	from	from	ADP
ftr-433	1438	23	100	100	NUM
ftr-433	1438	24	%	%	NOUN
ftr-433	1438	25	where	where	SCONJ
ftr-433	1438	26	the	the	DET
ftr-433	1438	27	yield	yield	NOUN
ftr-433	1438	28	rate	rate	NOUN
ftr-433	1438	29	equals	equal	VERB
ftr-433	1438	30	the	the	DET
ftr-433	1438	31	pre	pre	ADJ
ftr-433	1438	32	-	-	ADJ
ftr-433	1438	33	tax	tax	ADJ
ftr-433	1438	34	discount	discount	NOUN
ftr-433	1438	35	rate	rate	NOUN
ftr-433	1438	36	(	(	PUNCT
ftr-433	1438	37	regardless	regardless	ADV
ftr-433	1438	38	of	of	ADP
ftr-433	1438	39	the	the	DET
ftr-433	1438	40	tax	tax	NOUN
ftr-433	1438	41	rate	rate	NOUN
ftr-433	1438	42	)	)	PUNCT
ftr-433	1438	43	to	to	ADP
ftr-433	1438	44	slightly	slightly	ADV
ftr-433	1438	45	more	more	ADJ
ftr-433	1438	46	than	than	ADP
ftr-433	1438	47	the	the	DET
ftr-433	1438	48	nominal	nominal	ADJ
ftr-433	1438	49	tax	tax	NOUN
ftr-433	1438	50	rate	rate	NOUN
ftr-433	1438	51	,	,	PUNCT
ftr-433	1438	52	t	t	PROPN
ftr-433	1438	53	,	,	PUNCT
ftr-433	1438	54	at	at	ADP
ftr-433	1438	55	very	very	ADV
ftr-433	1438	56	high	high	ADJ
ftr-433	1438	57	yield	yield	NOUN
ftr-433	1438	58	rates	rate	NOUN
ftr-433	1438	59	(	(	PUNCT
ftr-433	1438	60	regardless	regardless	ADV
ftr-433	1438	61	of	of	ADP
ftr-433	1438	62	the	the	DET
ftr-433	1438	63	tax	tax	NOUN
ftr-433	1438	64	rate	rate	NOUN
ftr-433	1438	65	)	)	PUNCT
ftr-433	1438	66	.	.	PUNCT
ftr-433	1439	1	see	see	VERB
ftr-433	1439	2	supra	supra	ADJ
ftr-433	1439	3	figure	figure	NOUN
ftr-433	1439	4	1	1	NUM
ftr-433	1439	5	,	,	PUNCT
ftr-433	1439	6	and	and	CCONJ
ftr-433	1439	7	accompanying	accompany	VERB
ftr-433	1439	8	text	text	NOUN
ftr-433	1439	9	.	.	PUNCT
ftr-433	1440	1	thus	thus	ADV
ftr-433	1440	2	,	,	PUNCT
ftr-433	1440	3	the	the	DET
ftr-433	1440	4	formula	formula	NOUN
ftr-433	1440	5	in	in	ADP
ftr-433	1440	6	the	the	DET
ftr-433	1440	7	third	third	ADJ
ftr-433	1440	8	column	column	NOUN
ftr-433	1440	9	of	of	ADP
ftr-433	1440	10	the	the	DET
ftr-433	1440	11	fourth	fourth	PROPN
ftr-433	1440	12	row	row	NOUN
ftr-433	1440	13	shows	show	VERB
ftr-433	1440	14	that	that	SCONJ
ftr-433	1440	15	the	the	DET
ftr-433	1440	16	npv	npv	PROPN
ftr-433	1440	17	etr	etr	PROPN
ftr-433	1440	18	of	of	ADP
ftr-433	1440	19	an	an	DET
ftr-433	1440	20	investment	investment	NOUN
ftr-433	1440	21	in	in	ADP
ftr-433	1440	22	a	a	DET
ftr-433	1440	23	rbit	rbit	NOUN
ftr-433	1440	24	base	base	NOUN
ftr-433	1440	25	that	that	PRON
ftr-433	1440	26	is	be	AUX
ftr-433	1440	27	subject	subject	ADJ
ftr-433	1440	28	to	to	ADP
ftr-433	1440	29	economic	economic	ADJ
ftr-433	1440	30	cost	cost	NOUN
ftr-433	1440	31	recovery	recovery	NOUN
ftr-433	1440	32	ranges	range	VERB
ftr-433	1440	33	from	from	ADP
ftr-433	1440	34	“	"	PUNCT
ftr-433	1440	35	100	100	NUM
ftr-433	1440	36	%	%	NOUN
ftr-433	1440	37	...	...	PUNCT
ftr-433	1440	38	>	>	PUNCT
ftr-433	1440	39	t.	t.	PROPN
ftr-433	1440	40	”	"	PUNCT
ftr-433	1440	41	of	of	ADP
ftr-433	1440	42	short	short	ADV
ftr-433	1440	43	-	-	PUNCT
ftr-433	1440	44	lived	live	VERB
ftr-433	1440	45	depreciable	depreciable	ADJ
ftr-433	1440	46	assets	asset	NOUN
ftr-433	1440	47	in	in	ADP
ftr-433	1440	48	a	a	DET
ftr-433	1440	49	rbit	rbit	NOUN
ftr-433	1440	50	base	base	NOUN
ftr-433	1440	51	consistent	consistent	ADJ
ftr-433	1440	52	with	with	ADP
ftr-433	1440	53	the	the	DET
ftr-433	1440	54	underlying	underlying	ADJ
ftr-433	1440	55	non	non	ADJ
ftr-433	1440	56	-	-	ADJ
ftr-433	1440	57	tax	tax	ADJ
ftr-433	1440	58	financial	financial	ADJ
ftr-433	1440	59	characteristics	characteristic	NOUN
ftr-433	1440	60	of	of	ADP
ftr-433	1440	61	those	those	DET
ftr-433	1440	62	investments	investment	NOUN
ftr-433	1440	63	.	.	PUNCT
ftr-433	1441	1	vii	vii	PROPN
ftr-433	1441	2	.	.	PROPN
ftr-433	1441	3	final	final	ADJ
ftr-433	1441	4	arguments	argument	NOUN
ftr-433	1441	5	a.	a.	NOUN
ftr-433	1441	6	empirical	empirical	ADJ
ftr-433	1441	7	summary	summary	NOUN
ftr-433	1441	8	table	table	NOUN
ftr-433	1441	9	19	19	NUM
ftr-433	1441	10	below	below	ADP
ftr-433	1441	11	summarizes	summarize	NOUN
ftr-433	1441	12	all	all	PRON
ftr-433	1441	13	of	of	ADP
ftr-433	1441	14	the	the	DET
ftr-433	1441	15	financial	financial	ADJ
ftr-433	1441	16	consequences	consequence	NOUN
ftr-433	1441	17	produced	produce	VERB
ftr-433	1441	18	by	by	ADP
ftr-433	1441	19	the	the	DET
ftr-433	1441	20	taxation	taxation	NOUN
ftr-433	1441	21	of	of	ADP
ftr-433	1441	22	short	short	ADV
ftr-433	1441	23	-	-	PUNCT
ftr-433	1441	24	lived	live	VERB
ftr-433	1441	25	completely	completely	ADV
ftr-433	1441	26	wasting	waste	VERB
ftr-433	1441	27	assets	asset	NOUN
ftr-433	1441	28	not	not	PART
ftr-433	1441	29	only	only	ADV
ftr-433	1441	30	in	in	ADP
ftr-433	1441	31	a	a	DET
ftr-433	1441	32	rbit	rbit	NOUN
ftr-433	1441	33	base	base	NOUN
ftr-433	1441	34	using	use	VERB
ftr-433	1441	35	various	various	ADJ
ftr-433	1441	36	cost	cost	NOUN
ftr-433	1441	37	recovery	recovery	NOUN
ftr-433	1441	38	regimes	regime	NOUN
ftr-433	1441	39	,	,	PUNCT
ftr-433	1441	40	but	but	CCONJ
ftr-433	1441	41	also	also	ADV
ftr-433	1441	42	in	in	ADP
ftr-433	1441	43	amit	amit	PROPN
ftr-433	1441	44	and	and	CCONJ
ftr-433	1441	45	cfit	cfit	NOUN
ftr-433	1441	46	bases	basis	NOUN
ftr-433	1441	47	.	.	PUNCT
ftr-433	1442	1	this	this	DET
ftr-433	1442	2	table	table	NOUN
ftr-433	1442	3	contains	contain	VERB
ftr-433	1442	4	formulas	formula	NOUN
ftr-433	1442	5	that	that	PRON
ftr-433	1442	6	summarize	summarize	VERB
ftr-433	1442	7	the	the	DET
ftr-433	1442	8	financial	financial	ADJ
ftr-433	1442	9	consequences	consequence	NOUN
ftr-433	1442	10	of	of	ADP
ftr-433	1442	11	taxing	tax	VERB
ftr-433	1442	12	these	these	DET
ftr-433	1442	13	investments	investment	NOUN
ftr-433	1442	14	across	across	ADP
ftr-433	1442	15	the	the	DET
ftr-433	1442	16	complete	complete	ADJ
ftr-433	1442	17	range	range	NOUN
ftr-433	1442	18	of	of	ADP
ftr-433	1442	19	financial	financial	ADJ
ftr-433	1442	20	circumstances	circumstance	NOUN
ftr-433	1442	21	that	that	PRON
ftr-433	1442	22	this	this	DET
ftr-433	1442	23	article	article	NOUN
ftr-433	1442	24	has	have	AUX
ftr-433	1442	25	examined	examine	VERB
ftr-433	1442	26	.	.	PUNCT
ftr-433	1443	1	188	188	NUM
ftr-433	1443	2	table	table	NOUN
ftr-433	1443	3	19	19	NUM
ftr-433	1443	4	:	:	PUNCT
ftr-433	1443	5	summary	summary	NOUN
ftr-433	1443	6	of	of	ADP
ftr-433	1443	7	tax	tax	NOUN
ftr-433	1443	8	-	-	PUNCT
ftr-433	1443	9	related	relate	VERB
ftr-433	1443	10	financial	financial	ADJ
ftr-433	1443	11	consequences	consequence	NOUN
ftr-433	1443	12	for	for	ADP
ftr-433	1443	13	all	all	PRON
ftr-433	1443	14	investments189	investments189	PROPN
ftr-433	1443	15	1	1	NUM
ftr-433	1443	16	2irr	2irr	PROPN
ftr-433	1443	17	/	/	SYM
ftr-433	1443	18	etr	etr	PROPN
ftr-433	1443	19	npv	npv	PROPN
ftr-433	1443	20	/	/	SYM
ftr-433	1443	21	etr	etr	PROPN
ftr-433	1443	22	h	h	PROPN
ftr-433	1443	23	h	h	NOUN
ftr-433	1443	24	1	1	NUM
ftr-433	1443	25	2	2	NUM
ftr-433	1443	26	am	be	AUX
ftr-433	1443	27	it	it	PRON
ftr-433	1443	28	base	base	NOUN
ftr-433	1443	29	t	t	PROPN
ftr-433	1443	30	100	100	NUM
ftr-433	1443	31	%	%	NOUN
ftr-433	1443	32	.....	.....	PUNCT
ftr-433	1443	33	>	>	X
ftr-433	1443	34	t	t	PROPN
ftr-433	1444	1	d	d	NOUN
ftr-433	1444	2	/1	/1	NOUN
ftr-433	1444	3	-	-	PUNCT
ftr-433	1444	4	t	t	NOUN
ftr-433	1444	5	d	d	NOUN
ftr-433	1444	6	/1	/1	NOUN
ftr-433	1444	7	-	-	PUNCT
ftr-433	1444	8	t	t	NOUN
ftr-433	1444	9	1	1	NUM
ftr-433	1444	10	2cfit	2cfit	NUM
ftr-433	1444	11	base	base	NOUN
ftr-433	1444	12	0	0	NUM
ftr-433	1445	1	t	t	NOUN
ftr-433	1446	1	d	d	X
ftr-433	1446	2	d	d	PROPN
ftr-433	1446	3	1	1	NUM
ftr-433	1446	4	2rbit	2rbit	PROPN
ftr-433	1446	5	with	with	ADP
ftr-433	1446	6	econ	econ	PROPN
ftr-433	1446	7	cost	cost	PROPN
ftr-433	1446	8	recovery	recovery	NOUN
ftr-433	1446	9	t	t	PROPN
ftr-433	1446	10	100	100	NUM
ftr-433	1446	11	%	%	NOUN
ftr-433	1446	12	....	....	PUNCT
ftr-433	1446	13	>	>	X
ftr-433	1446	14	t	t	PROPN
ftr-433	1447	1	d	d	NOUN
ftr-433	1447	2	/1	/1	NOUN
ftr-433	1447	3	-	-	PUNCT
ftr-433	1447	4	t	t	NOUN
ftr-433	1447	5	d	d	NOUN
ftr-433	1447	6	/1	/1	NOUN
ftr-433	1447	7	-	-	PUNCT
ftr-433	1447	8	t	t	NOUN
ftr-433	1447	9	rbit	rbit	NOUN
ftr-433	1447	10	with	with	ADP
ftr-433	1447	11	accel	accel	NOUN
ftr-433	1447	12	cost	cost	NOUN
ftr-433	1447	13	recovery	recovery	NOUN
ftr-433	1447	14	>	>	X
ftr-433	1447	15	0	0	PUNCT
ftr-433	1448	1	<	<	X
ftr-433	1448	2	t	t	PROPN
ftr-433	1448	3	1<100	1<100	NUM
ftr-433	1448	4	%	%	NOUN
ftr-433	1448	5	....	....	PUNCT
ftr-433	1448	6	>	>	X
ftr-433	1449	1	t	t	X
ftr-433	1449	2	>	>	X
ftr-433	1450	1	d	d	PROPN
ftr-433	1450	2	1	1	NUM
ftr-433	1450	3	<	<	X
ftr-433	1450	4	d	d	NOUN
ftr-433	1450	5	/1	/1	NOUN
ftr-433	1450	6	-	-	PUNCT
ftr-433	1450	7	t	t	PROPN
ftr-433	1450	8	2	2	NUM
ftr-433	1450	9	>	>	X
ftr-433	1450	10	d	d	X
ftr-433	1450	11	2	2	NUM
ftr-433	1450	12	<	<	X
ftr-433	1450	13	d	d	NOUN
ftr-433	1450	14	/1	/1	NOUN
ftr-433	1450	15	-	-	PUNCT
ftr-433	1450	16	t	t	NOUN
ftr-433	1450	17	1	1	NUM
ftr-433	1450	18	2rbit	2rbit	PROPN
ftr-433	1450	19	with	with	ADP
ftr-433	1450	20	capital	capital	NOUN
ftr-433	1450	21	expensing	expense	VERB
ftr-433	1450	22	0	0	NUM
ftr-433	1450	23	t	t	NOUN
ftr-433	1450	24	d	d	X
ftr-433	1450	25	d	d	PROPN
ftr-433	1450	26	2002	2002	NUM
ftr-433	1450	27	]	]	PUNCT
ftr-433	1450	28	normative	normative	ADJ
ftr-433	1450	29	capital	capital	NOUN
ftr-433	1450	30	cost	cost	NOUN
ftr-433	1450	31	recovery	recovery	NOUN
ftr-433	1450	32	539	539	NUM
ftr-433	1450	33	190	190	NUM
ftr-433	1450	34	.	.	PUNCT
ftr-433	1451	1	see	see	VERB
ftr-433	1451	2	supra	supra	PROPN
ftr-433	1451	3	note	note	VERB
ftr-433	1451	4	148	148	NUM
ftr-433	1451	5	and	and	CCONJ
ftr-433	1451	6	text	text	NOUN
ftr-433	1451	7	accompanying	accompany	VERB
ftr-433	1451	8	notes	note	NOUN
ftr-433	1451	9	145	145	NUM
ftr-433	1451	10	-	-	SYM
ftr-433	1451	11	48	48	NUM
ftr-433	1451	12	.	.	PUNCT
ftr-433	1452	1	cf	cf	NOUN
ftr-433	1452	2	.	.	PUNCT
ftr-433	1453	1	supra	supra	ADJ
ftr-433	1453	2	figure	figure	NOUN
ftr-433	1453	3	5	5	NUM
ftr-433	1453	4	and	and	CCONJ
ftr-433	1453	5	figure	figure	VERB
ftr-433	1453	6	6	6	NUM
ftr-433	1453	7	and	and	CCONJ
ftr-433	1453	8	accompanying	accompany	VERB
ftr-433	1453	9	text	text	NOUN
ftr-433	1453	10	(	(	PUNCT
ftr-433	1453	11	characteristics	characteristic	NOUN
ftr-433	1453	12	of	of	ADP
ftr-433	1453	13	economic	economic	ADJ
ftr-433	1453	14	cost	cost	NOUN
ftr-433	1453	15	recovery	recovery	NOUN
ftr-433	1453	16	in	in	ADP
ftr-433	1453	17	a	a	DET
ftr-433	1453	18	rbit	rbit	NOUN
ftr-433	1453	19	base	base	NOUN
ftr-433	1453	20	)	)	PUNCT
ftr-433	1453	21	.	.	PUNCT
ftr-433	1454	1	191	191	X
ftr-433	1454	2	.	.	X
ftr-433	1455	1	see	see	VERB
ftr-433	1455	2	supra	supra	PROPN
ftr-433	1455	3	note	note	PROPN
ftr-433	1455	4	185	185	NUM
ftr-433	1455	5	and	and	CCONJ
ftr-433	1455	6	accompanying	accompany	VERB
ftr-433	1455	7	text	text	NOUN
ftr-433	1455	8	.	.	PUNCT
ftr-433	1456	1	192	192	NUM
ftr-433	1456	2	.	.	PUNCT
ftr-433	1457	1	see	see	VERB
ftr-433	1457	2	supra	supra	PROPN
ftr-433	1457	3	part	part	PROPN
ftr-433	1457	4	vi.c.3	vi.c.3	PROPN
ftr-433	1457	5	.	.	PUNCT
ftr-433	1458	1	see	see	VERB
ftr-433	1458	2	especially	especially	ADV
ftr-433	1458	3	,	,	PUNCT
ftr-433	1458	4	supra	supra	ADJ
ftr-433	1458	5	figure	figure	NOUN
ftr-433	1458	6	9	9	NUM
ftr-433	1458	7	and	and	CCONJ
ftr-433	1458	8	accompanying	accompany	VERB
ftr-433	1458	9	text	text	NOUN
ftr-433	1458	10	and	and	CCONJ
ftr-433	1458	11	text	text	NOUN
ftr-433	1458	12	accompanying	accompanying	ADJ
ftr-433	1458	13	supra	supra	PROPN
ftr-433	1458	14	notes	note	VERB
ftr-433	1458	15	178	178	NUM
ftr-433	1458	16	-	-	SYM
ftr-433	1458	17	79	79	NUM
ftr-433	1458	18	.	.	PUNCT
ftr-433	1459	1	193	193	NUM
ftr-433	1459	2	.	.	PUNCT
ftr-433	1460	1	see	see	VERB
ftr-433	1460	2	generally	generally	ADV
ftr-433	1460	3	,	,	PUNCT
ftr-433	1460	4	supra	supra	ADJ
ftr-433	1460	5	part	part	NOUN
ftr-433	1460	6	vi.b	vi.b	X
ftr-433	1460	7	.	.	PUNCT
ftr-433	1461	1	see	see	VERB
ftr-433	1461	2	also	also	ADV
ftr-433	1461	3	supra	supra	ADJ
ftr-433	1461	4	table	table	NOUN
ftr-433	1461	5	17	17	NUM
ftr-433	1461	6	and	and	CCONJ
ftr-433	1461	7	accompanying	accompany	VERB
ftr-433	1461	8	text	text	NOUN
ftr-433	1461	9	.	.	PUNCT
ftr-433	1462	1	for	for	ADP
ftr-433	1462	2	the	the	DET
ftr-433	1462	3	invariance	invariance	NOUN
ftr-433	1462	4	of	of	ADP
ftr-433	1462	5	npv	npv	PROPN
ftr-433	1462	6	etr	etr	PROPN
ftr-433	1462	7	at	at	ADP
ftr-433	1462	8	variable	variable	ADJ
ftr-433	1462	9	yield	yield	NOUN
ftr-433	1462	10	and	and	CCONJ
ftr-433	1462	11	tax	tax	NOUN
ftr-433	1462	12	rates	rate	NOUN
ftr-433	1462	13	,	,	PUNCT
ftr-433	1462	14	see	see	VERB
ftr-433	1462	15	supra	supra	ADJ
ftr-433	1462	16	figure	figure	NOUN
ftr-433	1462	17	3	3	NUM
ftr-433	1462	18	and	and	CCONJ
ftr-433	1462	19	figure	figure	VERB
ftr-433	1462	20	4	4	NUM
ftr-433	1462	21	,	,	PUNCT
ftr-433	1462	22	respectively	respectively	ADV
ftr-433	1462	23	.	.	PUNCT
ftr-433	1463	1	for	for	ADP
ftr-433	1463	2	the	the	DET
ftr-433	1463	3	invariance	invariance	NOUN
ftr-433	1463	4	of	of	ADP
ftr-433	1463	5	irr	irr	PROPN
ftr-433	1463	6	etr	etr	PROPN
ftr-433	1463	7	see	see	VERB
ftr-433	1463	8	supra	supra	PROPN
ftr-433	1463	9	figures	figure	NOUN
ftr-433	1463	10	5	5	NUM
ftr-433	1463	11	and	and	CCONJ
ftr-433	1463	12	6	6	NUM
ftr-433	1463	13	(	(	PUNCT
ftr-433	1463	14	characteristics	characteristic	NOUN
ftr-433	1463	15	of	of	ADP
ftr-433	1463	16	theoretical	theoretical	ADJ
ftr-433	1463	17	expensing	expensing	NOUN
ftr-433	1463	18	in	in	ADP
ftr-433	1463	19	a	a	DET
ftr-433	1463	20	rbit	rbit	NOUN
ftr-433	1463	21	base	base	NOUN
ftr-433	1463	22	)	)	PUNCT
ftr-433	1463	23	.	.	PUNCT
ftr-433	1464	1	for	for	ADP
ftr-433	1464	2	an	an	DET
ftr-433	1464	3	analysis	analysis	NOUN
ftr-433	1464	4	of	of	ADP
ftr-433	1464	5	hurdle	hurdle	NOUN
ftr-433	1464	6	rates	rate	NOUN
ftr-433	1464	7	in	in	ADP
ftr-433	1464	8	relation	relation	NOUN
ftr-433	1464	9	to	to	PART
ftr-433	1464	10	cfit	cfit	VERB
ftr-433	1464	11	taxation	taxation	NOUN
ftr-433	1464	12	see	see	VERB
ftr-433	1464	13	supra	supra	PROPN
ftr-433	1464	14	part	part	PROPN
ftr-433	1464	15	vi.b.2	vi.b.2	PROPN
ftr-433	1464	16	.	.	PUNCT
ftr-433	1465	1	194	194	NUM
ftr-433	1465	2	.	.	PUNCT
ftr-433	1466	1	see	see	VERB
ftr-433	1466	2	supra	supra	PROPN
ftr-433	1466	3	table	table	NOUN
ftr-433	1466	4	19	19	NUM
ftr-433	1466	5	,	,	PUNCT
ftr-433	1466	6	second	second	ADJ
ftr-433	1466	7	row	row	NOUN
ftr-433	1466	8	and	and	CCONJ
ftr-433	1466	9	second	second	ADJ
ftr-433	1466	10	column	column	NOUN
ftr-433	1466	11	.	.	PUNCT
ftr-433	1467	1	with	with	ADP
ftr-433	1467	2	respect	respect	NOUN
ftr-433	1467	3	to	to	ADP
ftr-433	1467	4	an	an	DET
ftr-433	1467	5	amit	amit	NOUN
ftr-433	1467	6	base	base	NOUN
ftr-433	1467	7	,	,	PUNCT
ftr-433	1467	8	the	the	DET
ftr-433	1467	9	formula	formula	NOUN
ftr-433	1467	10	for	for	ADP
ftr-433	1467	11	the	the	DET
ftr-433	1467	12	irr	irr	NOUN
ftr-433	1467	13	etr	etr	PROPN
ftr-433	1467	14	of	of	ADP
ftr-433	1467	15	an	an	DET
ftr-433	1467	16	economically	economically	ADV
ftr-433	1467	17	depreciated	depreciate	VERB
ftr-433	1467	18	asset	asset	NOUN
ftr-433	1467	19	always	always	ADV
ftr-433	1467	20	equals	equal	VERB
ftr-433	1467	21	t	t	PROPN
ftr-433	1467	22	,	,	PUNCT
ftr-433	1467	23	the	the	DET
ftr-433	1467	24	tax	tax	NOUN
ftr-433	1467	25	rate	rate	NOUN
ftr-433	1467	26	.	.	PUNCT
ftr-433	1468	1	cf	cf	NOUN
ftr-433	1468	2	.	.	PUNCT
ftr-433	1469	1	supra	supra	PROPN
ftr-433	1469	2	table	table	NOUN
ftr-433	1469	3	19	19	NUM
ftr-433	1469	4	,	,	PUNCT
ftr-433	1469	5	third	third	ADJ
ftr-433	1469	6	row	row	NOUN
ftr-433	1469	7	and	and	CCONJ
ftr-433	1469	8	third	third	ADJ
ftr-433	1469	9	column	column	NOUN
ftr-433	1469	10	.	.	PUNCT
ftr-433	1470	1	the	the	DET
ftr-433	1470	2	formula	formula	NOUN
ftr-433	1470	3	for	for	ADP
ftr-433	1470	4	the	the	DET
ftr-433	1470	5	npv	npv	NOUN
ftr-433	1470	6	etr	etr	PROPN
ftr-433	1470	7	of	of	ADP
ftr-433	1470	8	an	an	DET
ftr-433	1470	9	expensed	expensed	ADJ
ftr-433	1470	10	asset	asset	NOUN
ftr-433	1470	11	in	in	ADP
ftr-433	1470	12	a	a	DET
ftr-433	1470	13	cfit	cfit	NOUN
ftr-433	1470	14	base	base	NOUN
ftr-433	1470	15	is	be	AUX
ftr-433	1470	16	also	also	ADV
ftr-433	1470	17	equals	equal	VERB
ftr-433	1470	18	t	t	PROPN
ftr-433	1470	19	,	,	PUNCT
ftr-433	1470	20	the	the	DET
ftr-433	1470	21	tax	tax	NOUN
ftr-433	1470	22	rate	rate	NOUN
ftr-433	1470	23	,	,	PUNCT
ftr-433	1470	24	across	across	ADP
ftr-433	1470	25	a	a	DET
ftr-433	1470	26	wide	wide	ADJ
ftr-433	1470	27	range	range	NOUN
ftr-433	1470	28	of	of	ADP
ftr-433	1470	29	financial	financial	ADJ
ftr-433	1470	30	circumstances	circumstance	NOUN
ftr-433	1470	31	.	.	PUNCT
ftr-433	1471	1	195	195	X
ftr-433	1471	2	.	.	PUNCT
ftr-433	1471	3	see	see	VERB
ftr-433	1471	4	the	the	DET
ftr-433	1471	5	financial	financial	ADJ
ftr-433	1471	6	characteristics	characteristic	NOUN
ftr-433	1471	7	of	of	ADP
ftr-433	1471	8	cfit	cfit	ADJ
ftr-433	1471	9	base	base	NOUN
ftr-433	1471	10	taxation	taxation	NOUN
ftr-433	1471	11	in	in	ADP
ftr-433	1471	12	the	the	DET
ftr-433	1471	13	third	third	ADJ
ftr-433	1471	14	row	row	NOUN
ftr-433	1471	15	of	of	ADP
ftr-433	1471	16	supra	supra	ADJ
ftr-433	1471	17	table	table	NOUN
ftr-433	1471	18	19	19	NUM
ftr-433	1471	19	.	.	PUNCT
ftr-433	1472	1	as	as	SCONJ
ftr-433	1472	2	this	this	DET
ftr-433	1472	3	article	article	NOUN
ftr-433	1472	4	has	have	AUX
ftr-433	1472	5	shown	show	VERB
ftr-433	1472	6	and	and	CCONJ
ftr-433	1472	7	as	as	ADP
ftr-433	1472	8	the	the	DET
ftr-433	1472	9	first	first	ADJ
ftr-433	1472	10	row	row	NOUN
ftr-433	1472	11	in	in	ADP
ftr-433	1472	12	table	table	NOUN
ftr-433	1472	13	19	19	NUM
ftr-433	1472	14	reiterates	reiterate	VERB
ftr-433	1472	15	,	,	PUNCT
ftr-433	1472	16	an	an	DET
ftr-433	1472	17	amit	amit	NOUN
ftr-433	1472	18	base	base	NOUN
ftr-433	1472	19	that	that	PRON
ftr-433	1472	20	normatively	normatively	ADV
ftr-433	1472	21	utilizes	utilize	VERB
ftr-433	1472	22	economic	economic	ADJ
ftr-433	1472	23	depreciation	depreciation	NOUN
ftr-433	1472	24	always	always	ADV
ftr-433	1472	25	produces	produce	VERB
ftr-433	1472	26	an	an	DET
ftr-433	1472	27	irr	irr	NOUN
ftr-433	1472	28	/	/	SYM
ftr-433	1472	29	etr	etr	PROPN
ftr-433	1472	30	equal	equal	ADJ
ftr-433	1472	31	to	to	ADP
ftr-433	1472	32	t	t	PROPN
ftr-433	1472	33	,	,	PUNCT
ftr-433	1472	34	the	the	DET
ftr-433	1472	35	tax	tax	NOUN
ftr-433	1472	36	rate	rate	NOUN
ftr-433	1472	37	,	,	PUNCT
ftr-433	1472	38	no	no	ADV
ftr-433	1472	39	matter	matter	ADV
ftr-433	1472	40	what	what	PRON
ftr-433	1472	41	the	the	DET
ftr-433	1472	42	surrounding	surround	VERB
ftr-433	1472	43	financial	financial	ADJ
ftr-433	1472	44	circumstances	circumstance	NOUN
ftr-433	1472	45	may	may	AUX
ftr-433	1472	46	be	be	AUX
ftr-433	1472	47	.	.	PUNCT
ftr-433	1473	1	on	on	ADP
ftr-433	1473	2	the	the	DET
ftr-433	1473	3	other	other	ADJ
ftr-433	1473	4	hand	hand	NOUN
ftr-433	1473	5	,	,	PUNCT
ftr-433	1473	6	an	an	DET
ftr-433	1473	7	amit	amit	NOUN
ftr-433	1473	8	base	base	NOUN
ftr-433	1473	9	always	always	ADV
ftr-433	1473	10	produces	produce	VERB
ftr-433	1473	11	an190	an190	ADJ
ftr-433	1473	12	npv	npv	NOUN
ftr-433	1473	13	/	/	SYM
ftr-433	1473	14	etr	etr	PROPN
ftr-433	1473	15	that	that	PRON
ftr-433	1473	16	is	be	AUX
ftr-433	1473	17	greater	great	ADJ
ftr-433	1473	18	than	than	ADP
ftr-433	1473	19	t.	t.	PROPN
ftr-433	1473	20	indeed	indeed	ADV
ftr-433	1473	21	,	,	PUNCT
ftr-433	1473	22	where	where	SCONJ
ftr-433	1473	23	the	the	DET
ftr-433	1473	24	yield	yield	NOUN
ftr-433	1473	25	rate	rate	NOUN
ftr-433	1473	26	equals	equal	VERB
ftr-433	1473	27	the	the	DET
ftr-433	1473	28	pre	pre	ADJ
ftr-433	1473	29	-	-	ADJ
ftr-433	1473	30	tax	tax	ADJ
ftr-433	1473	31	discount	discount	NOUN
ftr-433	1473	32	rate	rate	NOUN
ftr-433	1473	33	,	,	PUNCT
ftr-433	1473	34	the	the	DET
ftr-433	1473	35	npv	npv	PROPN
ftr-433	1473	36	etr	etr	PROPN
ftr-433	1473	37	is	be	AUX
ftr-433	1473	38	100	100	NUM
ftr-433	1473	39	%	%	NOUN
ftr-433	1473	40	.	.	PUNCT
ftr-433	1474	1	finally	finally	ADV
ftr-433	1474	2	,	,	PUNCT
ftr-433	1474	3	as	as	SCONJ
ftr-433	1474	4	shown	show	VERB
ftr-433	1474	5	earlier	early	ADV
ftr-433	1474	6	,	,	PUNCT
ftr-433	1474	7	the	the	DET
ftr-433	1474	8	taxpayer191	taxpayer191	PROPN
ftr-433	1474	9	hurdle	hurdle	NOUN
ftr-433	1474	10	rates	rate	NOUN
ftr-433	1474	11	in	in	ADP
ftr-433	1474	12	an	an	DET
ftr-433	1474	13	amit	amit	NOUN
ftr-433	1474	14	base	base	NOUN
ftr-433	1474	15	always	always	ADV
ftr-433	1474	16	equal	equal	VERB
ftr-433	1474	17	the	the	DET
ftr-433	1474	18	relevant	relevant	ADJ
ftr-433	1474	19	discount	discount	NOUN
ftr-433	1474	20	rate	rate	NOUN
ftr-433	1474	21	divided	divide	VERB
ftr-433	1474	22	by	by	ADP
ftr-433	1474	23	1	1	NUM
ftr-433	1474	24	–	–	PUNCT
ftr-433	1474	25	t.192	t.192	NOUN
ftr-433	1474	26	as	as	SCONJ
ftr-433	1474	27	reiterated	reiterate	VERB
ftr-433	1474	28	in	in	ADP
ftr-433	1474	29	the	the	DET
ftr-433	1474	30	second	second	ADJ
ftr-433	1474	31	row	row	NOUN
ftr-433	1474	32	of	of	ADP
ftr-433	1474	33	table	table	NOUN
ftr-433	1474	34	19	19	NUM
ftr-433	1474	35	,	,	PUNCT
ftr-433	1474	36	this	this	DET
ftr-433	1474	37	article	article	NOUN
ftr-433	1474	38	has	have	AUX
ftr-433	1474	39	also	also	ADV
ftr-433	1474	40	shown	show	VERB
ftr-433	1474	41	that	that	SCONJ
ftr-433	1474	42	a	a	DET
ftr-433	1474	43	cfit	cfit	NOUN
ftr-433	1474	44	base	base	NOUN
ftr-433	1474	45	always	always	ADV
ftr-433	1474	46	produces	produce	VERB
ftr-433	1474	47	an	an	DET
ftr-433	1474	48	irr	irr	NOUN
ftr-433	1474	49	/	/	SYM
ftr-433	1474	50	etr	etr	PROPN
ftr-433	1474	51	of	of	ADP
ftr-433	1474	52	zero	zero	NUM
ftr-433	1474	53	,	,	PUNCT
ftr-433	1474	54	an	an	DET
ftr-433	1474	55	npv	npv	NOUN
ftr-433	1474	56	/	/	SYM
ftr-433	1474	57	etr	etr	NOUN
ftr-433	1474	58	equal	equal	ADJ
ftr-433	1474	59	to	to	ADP
ftr-433	1474	60	t	t	PROPN
ftr-433	1474	61	,	,	PUNCT
ftr-433	1474	62	the	the	DET
ftr-433	1474	63	tax	tax	NOUN
ftr-433	1474	64	rate	rate	NOUN
ftr-433	1474	65	,	,	PUNCT
ftr-433	1474	66	and	and	CCONJ
ftr-433	1474	67	hurdle	hurdle	NOUN
ftr-433	1474	68	rates	rate	NOUN
ftr-433	1474	69	that	that	PRON
ftr-433	1474	70	exactly	exactly	ADV
ftr-433	1474	71	equal	equal	ADJ
ftr-433	1474	72	the	the	DET
ftr-433	1474	73	relevant	relevant	ADJ
ftr-433	1474	74	discount	discount	NOUN
ftr-433	1474	75	rates	rate	NOUN
ftr-433	1474	76	under	under	ADP
ftr-433	1474	77	all	all	PRON
ftr-433	1474	78	of	of	ADP
ftr-433	1474	79	the	the	DET
ftr-433	1474	80	financial	financial	ADJ
ftr-433	1474	81	circumstances	circumstance	NOUN
ftr-433	1474	82	analyzed	analyze	VERB
ftr-433	1474	83	in	in	ADP
ftr-433	1474	84	this	this	PRON
ftr-433	1474	85	article.193	article.193	ADP
ftr-433	1474	86	an	an	DET
ftr-433	1474	87	amit	amit	NOUN
ftr-433	1474	88	base	base	NOUN
ftr-433	1474	89	and	and	CCONJ
ftr-433	1474	90	a	a	DET
ftr-433	1474	91	cfit	cfit	NOUN
ftr-433	1474	92	base	base	NOUN
ftr-433	1474	93	share	share	VERB
ftr-433	1474	94	the	the	DET
ftr-433	1474	95	characteristics	characteristic	NOUN
ftr-433	1474	96	of	of	ADP
ftr-433	1474	97	financial	financial	ADJ
ftr-433	1474	98	conformity	conformity	NOUN
ftr-433	1474	99	and	and	CCONJ
ftr-433	1474	100	consistency	consistency	NOUN
ftr-433	1474	101	.	.	PUNCT
ftr-433	1475	1	in	in	ADP
ftr-433	1475	2	both	both	DET
ftr-433	1475	3	tax	tax	NOUN
ftr-433	1475	4	systems	system	NOUN
ftr-433	1475	5	,	,	PUNCT
ftr-433	1475	6	at	at	ADP
ftr-433	1475	7	least	least	ADV
ftr-433	1475	8	one	one	NUM
ftr-433	1475	9	financial	financial	ADJ
ftr-433	1475	10	characteristic	characteristic	NOUN
ftr-433	1475	11	of	of	ADP
ftr-433	1475	12	an	an	DET
ftr-433	1475	13	investment	investment	NOUN
ftr-433	1475	14	always	always	ADV
ftr-433	1475	15	equals	equal	VERB
ftr-433	1475	16	the	the	DET
ftr-433	1475	17	nominal	nominal	ADJ
ftr-433	1475	18	tax	tax	NOUN
ftr-433	1475	19	rate	rate	NOUN
ftr-433	1475	20	,	,	PUNCT
ftr-433	1475	21	t	t	PROPN
ftr-433	1475	22	,	,	PUNCT
ftr-433	1475	23	no	no	ADV
ftr-433	1475	24	matter	matter	ADV
ftr-433	1475	25	what	what	PRON
ftr-433	1475	26	external	external	ADJ
ftr-433	1475	27	financial	financial	ADJ
ftr-433	1475	28	circumstances	circumstance	NOUN
ftr-433	1475	29	apply	apply	VERB
ftr-433	1475	30	to	to	ADP
ftr-433	1475	31	the	the	DET
ftr-433	1475	32	transaction	transaction	NOUN
ftr-433	1475	33	.	.	PUNCT
ftr-433	1476	1	in	in	ADP
ftr-433	1476	2	an	an	DET
ftr-433	1476	3	amit	amit	NOUN
ftr-433	1476	4	base	base	NOUN
ftr-433	1476	5	,	,	PUNCT
ftr-433	1476	6	it	it	PRON
ftr-433	1476	7	is	be	AUX
ftr-433	1476	8	the	the	DET
ftr-433	1476	9	irr	irr	PROPN
ftr-433	1476	10	/	/	SYM
ftr-433	1476	11	etr	etr	PROPN
ftr-433	1476	12	,	,	PUNCT
ftr-433	1476	13	while	while	SCONJ
ftr-433	1476	14	in	in	ADP
ftr-433	1476	15	a	a	DET
ftr-433	1476	16	cfit	cfit	NOUN
ftr-433	1476	17	base	base	NOUN
ftr-433	1476	18	,	,	PUNCT
ftr-433	1476	19	it	it	PRON
ftr-433	1476	20	is	be	AUX
ftr-433	1476	21	the	the	DET
ftr-433	1476	22	npv	npv	NOUN
ftr-433	1476	23	/	/	SYM
ftr-433	1476	24	etr	etr	PROPN
ftr-433	1476	25	.	.	PUNCT
ftr-433	1477	1	the194	the194	PROPN
ftr-433	1477	2	qualities	quality	NOUN
ftr-433	1477	3	of	of	ADP
ftr-433	1477	4	financial	financial	ADJ
ftr-433	1477	5	conformity	conformity	NOUN
ftr-433	1477	6	and	and	CCONJ
ftr-433	1477	7	consistency	consistency	NOUN
ftr-433	1477	8	show	show	NOUN
ftr-433	1477	9	that	that	SCONJ
ftr-433	1477	10	by	by	ADP
ftr-433	1477	11	at	at	ADV
ftr-433	1477	12	least	least	ADV
ftr-433	1477	13	one	one	NUM
ftr-433	1477	14	financial	financial	ADJ
ftr-433	1477	15	measure	measure	NOUN
ftr-433	1477	16	,	,	PUNCT
ftr-433	1477	17	the	the	DET
ftr-433	1477	18	tax	tax	NOUN
ftr-433	1477	19	is	be	AUX
ftr-433	1477	20	applied	apply	VERB
ftr-433	1477	21	exactly	exactly	ADV
ftr-433	1477	22	and	and	CCONJ
ftr-433	1477	23	uniformly	uniformly	ADV
ftr-433	1477	24	to	to	ADP
ftr-433	1477	25	capital	capital	NOUN
ftr-433	1477	26	income	income	NOUN
ftr-433	1477	27	across	across	ADP
ftr-433	1477	28	a	a	DET
ftr-433	1477	29	wide	wide	ADJ
ftr-433	1477	30	range	range	NOUN
ftr-433	1477	31	of	of	ADP
ftr-433	1477	32	financial	financial	ADJ
ftr-433	1477	33	circumstances	circumstance	NOUN
ftr-433	1477	34	.	.	PUNCT
ftr-433	1478	1	in	in	ADP
ftr-433	1478	2	some	some	DET
ftr-433	1478	3	respects	respect	NOUN
ftr-433	1478	4	,	,	PUNCT
ftr-433	1478	5	a	a	DET
ftr-433	1478	6	cfit	cfit	NOUN
ftr-433	1478	7	base	base	NOUN
ftr-433	1478	8	shows	show	VERB
ftr-433	1478	9	superior	superior	ADJ
ftr-433	1478	10	qualities	quality	NOUN
ftr-433	1478	11	of	of	ADP
ftr-433	1478	12	financial	financial	ADJ
ftr-433	1478	13	conformity	conformity	NOUN
ftr-433	1478	14	and	and	CCONJ
ftr-433	1478	15	consistency	consistency	NOUN
ftr-433	1478	16	in	in	ADP
ftr-433	1478	17	comparison	comparison	NOUN
ftr-433	1478	18	to	to	ADP
ftr-433	1478	19	an	an	DET
ftr-433	1478	20	amit	amit	NOUN
ftr-433	1478	21	base	base	NOUN
ftr-433	1478	22	in	in	ADP
ftr-433	1478	23	that	that	DET
ftr-433	1478	24	none	none	NOUN
ftr-433	1478	25	of	of	ADP
ftr-433	1478	26	the	the	DET
ftr-433	1478	27	mathematical	mathematical	ADJ
ftr-433	1478	28	formulas	formula	NOUN
ftr-433	1478	29	that	that	PRON
ftr-433	1478	30	define	define	VERB
ftr-433	1478	31	the	the	DET
ftr-433	1478	32	financial	financial	ADJ
ftr-433	1478	33	characteristics	characteristic	NOUN
ftr-433	1478	34	of	of	ADP
ftr-433	1478	35	cfit	cfit	ADJ
ftr-433	1478	36	base	base	NOUN
ftr-433	1478	37	taxation	taxation	NOUN
ftr-433	1478	38	vary	vary	VERB
ftr-433	1478	39	in	in	ADP
ftr-433	1478	40	response	response	NOUN
ftr-433	1478	41	to	to	ADP
ftr-433	1478	42	external	external	ADJ
ftr-433	1478	43	financial	financial	ADJ
ftr-433	1478	44	circumstances	circumstance	NOUN
ftr-433	1478	45	.	.	PUNCT
ftr-433	1479	1	the	the	DET
ftr-433	1479	2	irr	irr	PROPN
ftr-433	1479	3	etr	etr	PROPN
ftr-433	1479	4	is	be	AUX
ftr-433	1479	5	always	always	ADV
ftr-433	1479	6	zero	zero	NUM
ftr-433	1479	7	,	,	PUNCT
ftr-433	1479	8	the	the	DET
ftr-433	1479	9	npv	npv	NOUN
ftr-433	1479	10	etr	etr	PROPN
ftr-433	1479	11	always	always	ADV
ftr-433	1479	12	equals	equal	VERB
ftr-433	1479	13	the	the	DET
ftr-433	1479	14	nominal	nominal	ADJ
ftr-433	1479	15	tax	tax	NOUN
ftr-433	1479	16	rate	rate	NOUN
ftr-433	1479	17	,	,	PUNCT
ftr-433	1479	18	and	and	CCONJ
ftr-433	1479	19	the	the	DET
ftr-433	1479	20	taxpayer	taxpayer	NOUN
ftr-433	1479	21	hurdle	hurdle	NOUN
ftr-433	1479	22	rates	rate	NOUN
ftr-433	1479	23	are	be	AUX
ftr-433	1479	24	always	always	ADV
ftr-433	1479	25	identical	identical	ADJ
ftr-433	1479	26	to	to	ADP
ftr-433	1479	27	the	the	DET
ftr-433	1479	28	discount	discount	NOUN
ftr-433	1479	29	rates	rate	NOUN
ftr-433	1479	30	.	.	PUNCT
ftr-433	1480	1	in	in	ADP
ftr-433	1480	2	an	an	DET
ftr-433	1480	3	amit	amit	NOUN
ftr-433	1480	4	base	base	NOUN
ftr-433	1480	5	,	,	PUNCT
ftr-433	1480	6	the195	the195	PROPN
ftr-433	1480	7	npv	npv	PROPN
ftr-433	1480	8	etr	etr	PROPN
ftr-433	1480	9	varies	vary	VERB
ftr-433	1480	10	between	between	ADP
ftr-433	1480	11	100	100	NUM
ftr-433	1480	12	%	%	NOUN
ftr-433	1480	13	and	and	CCONJ
ftr-433	1480	14	a	a	DET
ftr-433	1480	15	rate	rate	NOUN
ftr-433	1480	16	greater	great	ADJ
ftr-433	1480	17	than	than	ADP
ftr-433	1480	18	t	t	NOUN
ftr-433	1480	19	depending	depend	VERB
ftr-433	1480	20	upon	upon	SCONJ
ftr-433	1480	21	the	the	DET
ftr-433	1480	22	540	540	NUM
ftr-433	1480	23	florida	florida	PROPN
ftr-433	1480	24	tax	tax	NOUN
ftr-433	1480	25	review	review	NOUN
ftr-433	1480	26	[	[	X
ftr-433	1480	27	vol	vol	NOUN
ftr-433	1480	28	.	.	PUNCT
ftr-433	1481	1	5:7	5:7	NUM
ftr-433	1481	2	196	196	NUM
ftr-433	1481	3	.	.	PUNCT
ftr-433	1482	1	see	see	VERB
ftr-433	1482	2	the	the	DET
ftr-433	1482	3	financial	financial	ADJ
ftr-433	1482	4	characteristics	characteristic	NOUN
ftr-433	1482	5	of	of	ADP
ftr-433	1482	6	amit	amit	PROPN
ftr-433	1482	7	base	base	PROPN
ftr-433	1482	8	taxation	taxation	NOUN
ftr-433	1482	9	in	in	ADP
ftr-433	1482	10	the	the	DET
ftr-433	1482	11	second	second	ADJ
ftr-433	1482	12	row	row	NOUN
ftr-433	1482	13	of	of	ADP
ftr-433	1482	14	supra	supra	ADJ
ftr-433	1482	15	table	table	NOUN
ftr-433	1482	16	19	19	NUM
ftr-433	1482	17	.	.	NOUN
ftr-433	1482	18	197	197	NUM
ftr-433	1482	19	.	.	PUNCT
ftr-433	1483	1	the	the	DET
ftr-433	1483	2	irr	irr	PROPN
ftr-433	1483	3	etr	etr	PROPN
ftr-433	1483	4	for	for	ADP
ftr-433	1483	5	accelerated	accelerated	ADJ
ftr-433	1483	6	cost	cost	NOUN
ftr-433	1483	7	recovery	recovery	NOUN
ftr-433	1483	8	ranges	range	NOUN
ftr-433	1483	9	between	between	ADP
ftr-433	1483	10	percentages	percentage	NOUN
ftr-433	1483	11	greater	great	ADJ
ftr-433	1483	12	than	than	ADP
ftr-433	1483	13	zero	zero	NUM
ftr-433	1483	14	and	and	CCONJ
ftr-433	1483	15	those	those	PRON
ftr-433	1483	16	less	less	ADJ
ftr-433	1483	17	than	than	ADP
ftr-433	1483	18	the	the	DET
ftr-433	1483	19	nominal	nominal	ADJ
ftr-433	1483	20	tax	tax	NOUN
ftr-433	1483	21	rate	rate	NOUN
ftr-433	1483	22	.	.	PUNCT
ftr-433	1484	1	these	these	DET
ftr-433	1484	2	percentages	percentage	NOUN
ftr-433	1484	3	always	always	ADV
ftr-433	1484	4	fall	fall	VERB
ftr-433	1484	5	between	between	ADP
ftr-433	1484	6	the	the	DET
ftr-433	1484	7	percentages	percentage	NOUN
ftr-433	1484	8	for	for	ADP
ftr-433	1484	9	economic	economic	ADJ
ftr-433	1484	10	cost	cost	NOUN
ftr-433	1484	11	recovery	recovery	NOUN
ftr-433	1484	12	and	and	CCONJ
ftr-433	1484	13	expensing	expensing	NOUN
ftr-433	1484	14	,	,	PUNCT
ftr-433	1484	15	but	but	CCONJ
ftr-433	1484	16	never	never	ADV
ftr-433	1484	17	coincide	coincide	VERB
ftr-433	1484	18	with	with	ADP
ftr-433	1484	19	either	either	DET
ftr-433	1484	20	one	one	NUM
ftr-433	1484	21	.	.	PUNCT
ftr-433	1485	1	as	as	ADP
ftr-433	1485	2	a	a	DET
ftr-433	1485	3	result	result	NOUN
ftr-433	1485	4	,	,	PUNCT
ftr-433	1485	5	they	they	PRON
ftr-433	1485	6	achieve	achieve	VERB
ftr-433	1485	7	neither	neither	DET
ftr-433	1485	8	conformity	conformity	NOUN
ftr-433	1485	9	with	with	ADP
ftr-433	1485	10	the	the	DET
ftr-433	1485	11	nominal	nominal	ADJ
ftr-433	1485	12	tax	tax	NOUN
ftr-433	1485	13	rate	rate	NOUN
ftr-433	1485	14	nor	nor	CCONJ
ftr-433	1485	15	consistency	consistency	NOUN
ftr-433	1485	16	across	across	ADP
ftr-433	1485	17	any	any	DET
ftr-433	1485	18	range	range	NOUN
ftr-433	1485	19	of	of	ADP
ftr-433	1485	20	financial	financial	ADJ
ftr-433	1485	21	circumstances	circumstance	NOUN
ftr-433	1485	22	.	.	PUNCT
ftr-433	1486	1	see	see	VERB
ftr-433	1486	2	supra	supra	PROPN
ftr-433	1486	3	figures	figure	NOUN
ftr-433	1486	4	5	5	NUM
ftr-433	1486	5	and	and	CCONJ
ftr-433	1486	6	6	6	NUM
ftr-433	1486	7	.	.	PUNCT
ftr-433	1487	1	similarly	similarly	ADV
ftr-433	1487	2	,	,	PUNCT
ftr-433	1487	3	the	the	DET
ftr-433	1487	4	npv	npv	PROPN
ftr-433	1487	5	etr	etr	PROPN
ftr-433	1487	6	for	for	ADP
ftr-433	1487	7	the	the	DET
ftr-433	1487	8	macrs	macr	NOUN
ftr-433	1487	9	accelerated	accelerate	VERB
ftr-433	1487	10	cost	cost	NOUN
ftr-433	1487	11	recovery	recovery	NOUN
ftr-433	1487	12	method	method	NOUN
ftr-433	1487	13	ranges	range	VERB
ftr-433	1487	14	between	between	ADP
ftr-433	1487	15	percentages	percentage	NOUN
ftr-433	1487	16	less	less	ADJ
ftr-433	1487	17	than	than	ADP
ftr-433	1487	18	100	100	NUM
ftr-433	1487	19	%	%	NOUN
ftr-433	1487	20	and	and	CCONJ
ftr-433	1487	21	those	those	PRON
ftr-433	1487	22	greater	great	ADJ
ftr-433	1487	23	than	than	ADP
ftr-433	1487	24	t	t	PROPN
ftr-433	1487	25	,	,	PUNCT
ftr-433	1487	26	showing	show	VERB
ftr-433	1487	27	a	a	DET
ftr-433	1487	28	different	different	ADJ
ftr-433	1487	29	aspect	aspect	NOUN
ftr-433	1487	30	of	of	ADP
ftr-433	1487	31	non	non	ADJ
ftr-433	1487	32	-	-	NOUN
ftr-433	1487	33	conformity	conformity	NOUN
ftr-433	1487	34	and	and	CCONJ
ftr-433	1487	35	inconsistency	inconsistency	NOUN
ftr-433	1487	36	.	.	PUNCT
ftr-433	1488	1	see	see	VERB
ftr-433	1488	2	supra	supra	PROPN
ftr-433	1488	3	figures	figure	NOUN
ftr-433	1488	4	7	7	NUM
ftr-433	1488	5	and	and	CCONJ
ftr-433	1488	6	8	8	NUM
ftr-433	1488	7	.	.	NOUN
ftr-433	1488	8	198	198	NUM
ftr-433	1488	9	.	.	PUNCT
ftr-433	1489	1	the	the	DET
ftr-433	1489	2	range	range	NOUN
ftr-433	1489	3	of	of	ADP
ftr-433	1489	4	taxpayer	taxpayer	NOUN
ftr-433	1489	5	hurdle	hurdle	NOUN
ftr-433	1489	6	rates	rate	NOUN
ftr-433	1489	7	for	for	ADP
ftr-433	1489	8	assets	asset	NOUN
ftr-433	1489	9	subject	subject	ADJ
ftr-433	1489	10	to	to	ADP
ftr-433	1489	11	accelerated	accelerate	VERB
ftr-433	1489	12	cost	cost	NOUN
ftr-433	1489	13	recoveery	recoveery	NOUN
ftr-433	1489	14	can	can	AUX
ftr-433	1489	15	be	be	AUX
ftr-433	1489	16	inferred	infer	VERB
ftr-433	1489	17	from	from	ADP
ftr-433	1489	18	the	the	DET
ftr-433	1489	19	other	other	ADJ
ftr-433	1489	20	analyses	analysis	NOUN
ftr-433	1489	21	in	in	ADP
ftr-433	1489	22	this	this	DET
ftr-433	1489	23	article	article	NOUN
ftr-433	1489	24	.	.	PUNCT
ftr-433	1490	1	the	the	DET
ftr-433	1490	2	range	range	NOUN
ftr-433	1490	3	of	of	ADP
ftr-433	1490	4	financial	financial	ADJ
ftr-433	1490	5	characteristics	characteristic	NOUN
ftr-433	1490	6	produced	produce	VERB
ftr-433	1490	7	by	by	ADP
ftr-433	1490	8	the	the	DET
ftr-433	1490	9	accelerated	accelerate	VERB
ftr-433	1490	10	cost	cost	NOUN
ftr-433	1490	11	recovery	recovery	NOUN
ftr-433	1490	12	method	method	NOUN
ftr-433	1490	13	consistently	consistently	ADV
ftr-433	1490	14	falls	fall	VERB
ftr-433	1490	15	between	between	ADP
ftr-433	1490	16	the	the	DET
ftr-433	1490	17	characteristics	characteristic	NOUN
ftr-433	1490	18	for	for	ADP
ftr-433	1490	19	economic	economic	ADJ
ftr-433	1490	20	cost	cost	NOUN
ftr-433	1490	21	recovery	recovery	NOUN
ftr-433	1490	22	and	and	CCONJ
ftr-433	1490	23	expensing	expensing	NOUN
ftr-433	1490	24	.	.	PUNCT
ftr-433	1491	1	see	see	VERB
ftr-433	1491	2	e.g.	e.g.	ADV
ftr-433	1491	3	,	,	PUNCT
ftr-433	1491	4	tables	table	VERB
ftr-433	1491	5	7	7	NUM
ftr-433	1491	6	and	and	CCONJ
ftr-433	1491	7	8	8	NUM
ftr-433	1491	8	in	in	ADP
ftr-433	1491	9	supra	supra	PROPN
ftr-433	1491	10	part	part	NOUN
ftr-433	1491	11	ii.f	ii.f	PROPN
ftr-433	1491	12	.	.	PUNCT
ftr-433	1492	1	see	see	VERB
ftr-433	1492	2	also	also	ADV
ftr-433	1492	3	supra	supra	ADJ
ftr-433	1492	4	figures	figure	NOUN
ftr-433	1492	5	5	5	NUM
ftr-433	1492	6	,	,	PUNCT
ftr-433	1492	7	6	6	NUM
ftr-433	1492	8	,	,	PUNCT
ftr-433	1492	9	7	7	NUM
ftr-433	1492	10	and	and	CCONJ
ftr-433	1492	11	8	8	NUM
ftr-433	1492	12	and	and	CCONJ
ftr-433	1492	13	supra	supra	ADJ
ftr-433	1492	14	part	part	PROPN
ftr-433	1492	15	vi.c.3	vi.c.3	PROPN
ftr-433	1492	16	.	.	PUNCT
ftr-433	1493	1	external	external	ADJ
ftr-433	1493	2	financial	financial	ADJ
ftr-433	1493	3	circumstances	circumstance	NOUN
ftr-433	1493	4	affecting	affect	VERB
ftr-433	1493	5	the	the	DET
ftr-433	1493	6	transaction	transaction	NOUN
ftr-433	1493	7	,	,	PUNCT
ftr-433	1493	8	and	and	CCONJ
ftr-433	1493	9	the	the	DET
ftr-433	1493	10	hurdle	hurdle	NOUN
ftr-433	1493	11	rates	rate	NOUN
ftr-433	1493	12	,	,	PUNCT
ftr-433	1493	13	while	while	SCONJ
ftr-433	1493	14	maintaining	maintain	VERB
ftr-433	1493	15	a	a	DET
ftr-433	1493	16	constant	constant	ADJ
ftr-433	1493	17	relationship	relationship	NOUN
ftr-433	1493	18	to	to	ADP
ftr-433	1493	19	prevailing	prevail	VERB
ftr-433	1493	20	discount	discount	NOUN
ftr-433	1493	21	rates	rate	NOUN
ftr-433	1493	22	,	,	PUNCT
ftr-433	1493	23	differ	differ	VERB
ftr-433	1493	24	from	from	ADP
ftr-433	1493	25	them	they	PRON
ftr-433	1493	26	in	in	ADP
ftr-433	1493	27	inverse	inverse	ADJ
ftr-433	1493	28	ratio	ratio	NOUN
ftr-433	1493	29	to	to	ADP
ftr-433	1493	30	one	one	NUM
ftr-433	1493	31	minus	minus	ADP
ftr-433	1493	32	the	the	DET
ftr-433	1493	33	tax	tax	NOUN
ftr-433	1493	34	rate	rate	NOUN
ftr-433	1493	35	and	and	CCONJ
ftr-433	1493	36	therefore	therefore	ADV
ftr-433	1493	37	change	change	VERB
ftr-433	1493	38	as	as	ADP
ftr-433	1493	39	the	the	DET
ftr-433	1493	40	tax	tax	NOUN
ftr-433	1493	41	rate	rate	NOUN
ftr-433	1493	42	changes.196	changes.196	ADP
ftr-433	1493	43	the	the	DET
ftr-433	1493	44	financial	financial	ADJ
ftr-433	1493	45	characteristics	characteristic	NOUN
ftr-433	1493	46	of	of	ADP
ftr-433	1493	47	rbit	rbit	NOUN
ftr-433	1493	48	base	base	NOUN
ftr-433	1493	49	taxation	taxation	NOUN
ftr-433	1493	50	depend	depend	VERB
ftr-433	1493	51	on	on	ADP
ftr-433	1493	52	the	the	DET
ftr-433	1493	53	cost	cost	NOUN
ftr-433	1493	54	recovery	recovery	NOUN
ftr-433	1493	55	method	method	NOUN
ftr-433	1493	56	employed	employ	VERB
ftr-433	1493	57	.	.	PUNCT
ftr-433	1494	1	for	for	ADP
ftr-433	1494	2	example	example	NOUN
ftr-433	1494	3	,	,	PUNCT
ftr-433	1494	4	in	in	ADP
ftr-433	1494	5	a	a	DET
ftr-433	1494	6	rbit	rbit	NOUN
ftr-433	1494	7	base	base	NOUN
ftr-433	1494	8	that	that	PRON
ftr-433	1494	9	utilizes	utilize	VERB
ftr-433	1494	10	accelerated	accelerate	VERB
ftr-433	1494	11	cost	cost	NOUN
ftr-433	1494	12	recovery	recovery	NOUN
ftr-433	1494	13	,	,	PUNCT
ftr-433	1494	14	as	as	SCONJ
ftr-433	1494	15	shown	show	VERB
ftr-433	1494	16	in	in	ADP
ftr-433	1494	17	the	the	DET
ftr-433	1494	18	fourth	fourth	ADJ
ftr-433	1494	19	row	row	NOUN
ftr-433	1494	20	of	of	ADP
ftr-433	1494	21	table	table	NOUN
ftr-433	1494	22	19	19	NUM
ftr-433	1494	23	,	,	PUNCT
ftr-433	1494	24	the	the	DET
ftr-433	1494	25	irr	irr	PROPN
ftr-433	1494	26	/	/	SYM
ftr-433	1494	27	etr	etr	PROPN
ftr-433	1494	28	and	and	CCONJ
ftr-433	1494	29	the	the	DET
ftr-433	1494	30	npv	npv	NOUN
ftr-433	1494	31	/	/	SYM
ftr-433	1494	32	etr	etr	PROPN
ftr-433	1494	33	vary	vary	VERB
ftr-433	1494	34	according	accord	VERB
ftr-433	1494	35	to	to	ADP
ftr-433	1494	36	external	external	ADJ
ftr-433	1494	37	financial	financial	ADJ
ftr-433	1494	38	circumstances	circumstance	NOUN
ftr-433	1494	39	,	,	PUNCT
ftr-433	1494	40	and	and	CCONJ
ftr-433	1494	41	neither	neither	CCONJ
ftr-433	1494	42	financial	financial	ADJ
ftr-433	1494	43	criterion	criterion	NOUN
ftr-433	1494	44	ever	ever	ADV
ftr-433	1494	45	equals	equal	VERB
ftr-433	1494	46	the	the	DET
ftr-433	1494	47	nominal	nominal	ADJ
ftr-433	1494	48	tax	tax	NOUN
ftr-433	1494	49	rate	rate	NOUN
ftr-433	1494	50	.	.	PUNCT
ftr-433	1495	1	nor	nor	CCONJ
ftr-433	1495	2	do	do	AUX
ftr-433	1495	3	the197	the197	NOUN
ftr-433	1495	4	taxpayer	taxpayer	NOUN
ftr-433	1495	5	hurdle	hurdle	NOUN
ftr-433	1495	6	rates	rate	NOUN
ftr-433	1495	7	ever	ever	ADV
ftr-433	1495	8	bear	bear	VERB
ftr-433	1495	9	any	any	DET
ftr-433	1495	10	logical	logical	ADJ
ftr-433	1495	11	or	or	CCONJ
ftr-433	1495	12	steady	steady	ADJ
ftr-433	1495	13	relationship	relationship	NOUN
ftr-433	1495	14	to	to	ADP
ftr-433	1495	15	the	the	DET
ftr-433	1495	16	prevailing	prevail	VERB
ftr-433	1495	17	discount	discount	NOUN
ftr-433	1495	18	rates	rate	NOUN
ftr-433	1495	19	.	.	PUNCT
ftr-433	1496	1	a	a	DET
ftr-433	1496	2	rbit	rbit	NOUN
ftr-433	1496	3	base	base	NOUN
ftr-433	1496	4	that	that	PRON
ftr-433	1496	5	employs	employ	VERB
ftr-433	1496	6	accelerated	accelerate	VERB
ftr-433	1496	7	cost	cost	NOUN
ftr-433	1496	8	recovery198	recovery198	PROPN
ftr-433	1496	9	completely	completely	ADV
ftr-433	1496	10	lacks	lack	VERB
ftr-433	1496	11	the	the	DET
ftr-433	1496	12	characteristics	characteristic	NOUN
ftr-433	1496	13	of	of	ADP
ftr-433	1496	14	financial	financial	ADJ
ftr-433	1496	15	conformity	conformity	NOUN
ftr-433	1496	16	and	and	CCONJ
ftr-433	1496	17	consistency	consistency	NOUN
ftr-433	1496	18	.	.	PUNCT
ftr-433	1497	1	if	if	SCONJ
ftr-433	1497	2	one	one	PRON
ftr-433	1497	3	assumes	assume	VERB
ftr-433	1497	4	that	that	SCONJ
ftr-433	1497	5	some	some	DET
ftr-433	1497	6	form	form	NOUN
ftr-433	1497	7	of	of	ADP
ftr-433	1497	8	financial	financial	ADJ
ftr-433	1497	9	conformity	conformity	NOUN
ftr-433	1497	10	and	and	CCONJ
ftr-433	1497	11	consistency	consistency	NOUN
ftr-433	1497	12	is	be	AUX
ftr-433	1497	13	a	a	DET
ftr-433	1497	14	hallmark	hallmark	NOUN
ftr-433	1497	15	of	of	ADP
ftr-433	1497	16	a	a	DET
ftr-433	1497	17	normative	normative	ADJ
ftr-433	1497	18	capital	capital	NOUN
ftr-433	1497	19	income	income	NOUN
ftr-433	1497	20	taxation	taxation	NOUN
ftr-433	1497	21	regime	regime	NOUN
ftr-433	1497	22	,	,	PUNCT
ftr-433	1497	23	then	then	ADV
ftr-433	1497	24	no	no	DET
ftr-433	1497	25	accelerated	accelerate	VERB
ftr-433	1497	26	cost	cost	NOUN
ftr-433	1497	27	recovery	recovery	NOUN
ftr-433	1497	28	can	can	AUX
ftr-433	1497	29	function	function	VERB
ftr-433	1497	30	as	as	ADP
ftr-433	1497	31	a	a	DET
ftr-433	1497	32	normative	normative	ADJ
ftr-433	1497	33	cost	cost	NOUN
ftr-433	1497	34	recovery	recovery	NOUN
ftr-433	1497	35	method	method	NOUN
ftr-433	1497	36	for	for	ADP
ftr-433	1497	37	a	a	DET
ftr-433	1497	38	realization	realization	NOUN
ftr-433	1497	39	-	-	PUNCT
ftr-433	1497	40	based	base	VERB
ftr-433	1497	41	income	income	NOUN
ftr-433	1497	42	tax	tax	NOUN
ftr-433	1497	43	.	.	PUNCT
ftr-433	1498	1	the	the	DET
ftr-433	1498	2	choice	choice	NOUN
ftr-433	1498	3	of	of	ADP
ftr-433	1498	4	normative	normative	ADJ
ftr-433	1498	5	capital	capital	NOUN
ftr-433	1498	6	cost	cost	NOUN
ftr-433	1498	7	recovery	recovery	NOUN
ftr-433	1498	8	method	method	NOUN
ftr-433	1498	9	,	,	PUNCT
ftr-433	1498	10	for	for	ADP
ftr-433	1498	11	a	a	DET
ftr-433	1498	12	rbit	rbit	NOUN
ftr-433	1498	13	base	base	NOUN
ftr-433	1498	14	,	,	PUNCT
ftr-433	1498	15	therefore	therefore	ADV
ftr-433	1498	16	,	,	PUNCT
ftr-433	1498	17	appears	appear	VERB
ftr-433	1498	18	to	to	PART
ftr-433	1498	19	be	be	AUX
ftr-433	1498	20	between	between	ADP
ftr-433	1498	21	economic	economic	ADJ
ftr-433	1498	22	cost	cost	NOUN
ftr-433	1498	23	recovery	recovery	NOUN
ftr-433	1498	24	and	and	CCONJ
ftr-433	1498	25	capital	capital	NOUN
ftr-433	1498	26	expensing	expensing	NOUN
ftr-433	1498	27	.	.	PUNCT
ftr-433	1499	1	at	at	ADP
ftr-433	1499	2	this	this	DET
ftr-433	1499	3	point	point	NOUN
ftr-433	1499	4	,	,	PUNCT
ftr-433	1499	5	the	the	DET
ftr-433	1499	6	financial	financial	ADJ
ftr-433	1499	7	characteristics	characteristic	NOUN
ftr-433	1499	8	of	of	ADP
ftr-433	1499	9	the	the	DET
ftr-433	1499	10	two	two	NUM
ftr-433	1499	11	capital	capital	NOUN
ftr-433	1499	12	income	income	NOUN
ftr-433	1499	13	taxation	taxation	NOUN
ftr-433	1499	14	regimes	regime	NOUN
ftr-433	1499	15	standing	stand	VERB
ftr-433	1499	16	alone	alone	ADV
ftr-433	1499	17	provide	provide	VERB
ftr-433	1499	18	an	an	DET
ftr-433	1499	19	insufficient	insufficient	ADJ
ftr-433	1499	20	basis	basis	NOUN
ftr-433	1499	21	upon	upon	SCONJ
ftr-433	1499	22	which	which	PRON
ftr-433	1499	23	to	to	PART
ftr-433	1499	24	make	make	VERB
ftr-433	1499	25	a	a	DET
ftr-433	1499	26	persuasive	persuasive	ADJ
ftr-433	1499	27	decision	decision	NOUN
ftr-433	1499	28	.	.	PUNCT
ftr-433	1500	1	because	because	SCONJ
ftr-433	1500	2	the	the	DET
ftr-433	1500	3	financial	financial	ADJ
ftr-433	1500	4	characteristics	characteristic	NOUN
ftr-433	1500	5	of	of	ADP
ftr-433	1500	6	economic	economic	ADJ
ftr-433	1500	7	cost	cost	NOUN
ftr-433	1500	8	recovery	recovery	NOUN
ftr-433	1500	9	and	and	CCONJ
ftr-433	1500	10	capital	capital	NOUN
ftr-433	1500	11	expensing	expense	VERB
ftr-433	1500	12	duplicate	duplicate	NOUN
ftr-433	1500	13	the	the	DET
ftr-433	1500	14	financial	financial	ADJ
ftr-433	1500	15	characteristics	characteristic	NOUN
ftr-433	1500	16	of	of	ADP
ftr-433	1500	17	amit	amit	PROPN
ftr-433	1500	18	base	base	PROPN
ftr-433	1500	19	and	and	CCONJ
ftr-433	1500	20	cfit	cfit	NOUN
ftr-433	1500	21	base	base	NOUN
ftr-433	1500	22	taxation	taxation	NOUN
ftr-433	1500	23	,	,	PUNCT
ftr-433	1500	24	respectively	respectively	ADV
ftr-433	1500	25	,	,	PUNCT
ftr-433	1500	26	one	one	PRON
ftr-433	1500	27	needs	need	VERB
ftr-433	1500	28	to	to	PART
ftr-433	1500	29	incorporate	incorporate	VERB
ftr-433	1500	30	a	a	DET
ftr-433	1500	31	broader	broad	ADJ
ftr-433	1500	32	non	non	ADJ
ftr-433	1500	33	-	-	ADJ
ftr-433	1500	34	financial	financial	ADJ
ftr-433	1500	35	frame	frame	NOUN
ftr-433	1500	36	of	of	ADP
ftr-433	1500	37	reference	reference	NOUN
ftr-433	1500	38	into	into	ADP
ftr-433	1500	39	the	the	DET
ftr-433	1500	40	analysis	analysis	NOUN
ftr-433	1500	41	.	.	PUNCT
ftr-433	1501	1	in	in	ADP
ftr-433	1501	2	addition	addition	NOUN
ftr-433	1501	3	to	to	ADP
ftr-433	1501	4	evaluating	evaluate	VERB
ftr-433	1501	5	each	each	PRON
ftr-433	1501	6	of	of	ADP
ftr-433	1501	7	the	the	DET
ftr-433	1501	8	remaining	remain	VERB
ftr-433	1501	9	two	two	NUM
ftr-433	1501	10	cost	cost	NOUN
ftr-433	1501	11	recovery	recovery	NOUN
ftr-433	1501	12	methods	method	NOUN
ftr-433	1501	13	for	for	ADP
ftr-433	1501	14	financial	financial	ADJ
ftr-433	1501	15	conformity	conformity	NOUN
ftr-433	1501	16	and	and	CCONJ
ftr-433	1501	17	consistency	consistency	NOUN
ftr-433	1501	18	,	,	PUNCT
ftr-433	1501	19	one	one	PRON
ftr-433	1501	20	must	must	AUX
ftr-433	1501	21	also	also	ADV
ftr-433	1501	22	evaluate	evaluate	VERB
ftr-433	1501	23	each	each	DET
ftr-433	1501	24	method	method	NOUN
ftr-433	1501	25	for	for	ADP
ftr-433	1501	26	conformity	conformity	NOUN
ftr-433	1501	27	and	and	CCONJ
ftr-433	1501	28	consistency	consistency	NOUN
ftr-433	1501	29	with	with	ADP
ftr-433	1501	30	the	the	DET
ftr-433	1501	31	fundamental	fundamental	ADJ
ftr-433	1501	32	structural	structural	ADJ
ftr-433	1501	33	and	and	CCONJ
ftr-433	1501	34	accounting	accounting	NOUN
ftr-433	1501	35	principles	principle	NOUN
ftr-433	1501	36	of	of	ADP
ftr-433	1501	37	a	a	DET
ftr-433	1501	38	realization	realization	NOUN
ftr-433	1501	39	-	-	PUNCT
ftr-433	1501	40	based	base	VERB
ftr-433	1501	41	income	income	NOUN
ftr-433	1501	42	tax	tax	NOUN
ftr-433	1501	43	.	.	PUNCT
ftr-433	1502	1	2002	2002	NUM
ftr-433	1502	2	]	]	PUNCT
ftr-433	1502	3	normative	normative	ADJ
ftr-433	1502	4	capital	capital	NOUN
ftr-433	1502	5	cost	cost	NOUN
ftr-433	1502	6	recovery	recovery	NOUN
ftr-433	1502	7	541	541	NUM
ftr-433	1502	8	199	199	NUM
ftr-433	1502	9	.	.	PUNCT
ftr-433	1503	1	see	see	VERB
ftr-433	1503	2	discussion	discussion	NOUN
ftr-433	1503	3	supra	supra	PROPN
ftr-433	1503	4	part	part	PROPN
ftr-433	1503	5	vi.a.2	vi.a.2	PROPN
ftr-433	1503	6	.	.	PUNCT
ftr-433	1504	1	b.	b.	PROPN
ftr-433	1504	2	economic	economic	ADJ
ftr-433	1504	3	cost	cost	NOUN
ftr-433	1504	4	recovery	recovery	NOUN
ftr-433	1504	5	is	be	AUX
ftr-433	1504	6	not	not	PART
ftr-433	1504	7	the	the	DET
ftr-433	1504	8	normative	normative	ADJ
ftr-433	1504	9	capital	capital	NOUN
ftr-433	1504	10	cost	cost	NOUN
ftr-433	1504	11	recovery	recovery	NOUN
ftr-433	1504	12	method	method	NOUN
ftr-433	1504	13	for	for	ADP
ftr-433	1504	14	a	a	DET
ftr-433	1504	15	rbit	rbit	NOUN
ftr-433	1504	16	base	base	NOUN
ftr-433	1504	17	the	the	DET
ftr-433	1504	18	major	major	ADJ
ftr-433	1504	19	structural	structural	ADJ
ftr-433	1504	20	principles	principle	NOUN
ftr-433	1504	21	of	of	ADP
ftr-433	1504	22	a	a	DET
ftr-433	1504	23	rbit	rbit	NOUN
ftr-433	1504	24	base	base	NOUN
ftr-433	1504	25	are	be	AUX
ftr-433	1504	26	:	:	PUNCT
ftr-433	1504	27	(	(	PUNCT
ftr-433	1504	28	1	1	X
ftr-433	1504	29	)	)	PUNCT
ftr-433	1504	30	to	to	PART
ftr-433	1504	31	tax	tax	VERB
ftr-433	1504	32	realized	realize	VERB
ftr-433	1504	33	invested	invest	VERB
ftr-433	1504	34	earnings	earning	NOUN
ftr-433	1504	35	(	(	PUNCT
ftr-433	1504	36	capital	capital	NOUN
ftr-433	1504	37	creation	creation	NOUN
ftr-433	1504	38	)	)	PUNCT
ftr-433	1504	39	;	;	PUNCT
ftr-433	1504	40	(	(	PUNCT
ftr-433	1504	41	2	2	X
ftr-433	1504	42	)	)	PUNCT
ftr-433	1504	43	to	to	PART
ftr-433	1504	44	restore	restore	VERB
ftr-433	1504	45	invested	invest	VERB
ftr-433	1504	46	capital	capital	NOUN
ftr-433	1504	47	tax	tax	NOUN
ftr-433	1504	48	-	-	PUNCT
ftr-433	1504	49	free	free	ADJ
ftr-433	1504	50	(	(	PUNCT
ftr-433	1504	51	capital	capital	NOUN
ftr-433	1504	52	cost	cost	NOUN
ftr-433	1504	53	recovery	recovery	NOUN
ftr-433	1504	54	)	)	PUNCT
ftr-433	1504	55	;	;	PUNCT
ftr-433	1504	56	and	and	CCONJ
ftr-433	1504	57	(	(	PUNCT
ftr-433	1504	58	3	3	X
ftr-433	1504	59	)	)	PUNCT
ftr-433	1504	60	to	to	PART
ftr-433	1504	61	tax	tax	VERB
ftr-433	1504	62	net	net	NOUN
ftr-433	1504	63	realized	realize	VERB
ftr-433	1504	64	investment	investment	NOUN
ftr-433	1504	65	yield	yield	NOUN
ftr-433	1504	66	(	(	PUNCT
ftr-433	1504	67	gross	gross	ADJ
ftr-433	1504	68	realized	realize	VERB
ftr-433	1504	69	yield	yield	NOUN
ftr-433	1504	70	in	in	ADP
ftr-433	1504	71	excess	excess	NOUN
ftr-433	1504	72	of	of	ADP
ftr-433	1504	73	capital	capital	NOUN
ftr-433	1504	74	recovery	recovery	NOUN
ftr-433	1504	75	)	)	PUNCT
ftr-433	1504	76	.	.	PUNCT
ftr-433	1505	1	the	the	DET
ftr-433	1505	2	major	major	ADJ
ftr-433	1505	3	accounting	accounting	NOUN
ftr-433	1505	4	principles	principle	NOUN
ftr-433	1505	5	of	of	ADP
ftr-433	1505	6	a	a	DET
ftr-433	1505	7	rbit	rbit	NOUN
ftr-433	1505	8	base	base	NOUN
ftr-433	1505	9	are	be	AUX
ftr-433	1505	10	to	to	PART
ftr-433	1505	11	:	:	PUNCT
ftr-433	1505	12	(	(	PUNCT
ftr-433	1505	13	1	1	X
ftr-433	1505	14	)	)	PUNCT
ftr-433	1505	15	allow	allow	VERB
ftr-433	1505	16	the	the	DET
ftr-433	1505	17	tax	tax	NOUN
ftr-433	1505	18	-	-	PUNCT
ftr-433	1505	19	free	free	ADJ
ftr-433	1505	20	return	return	NOUN
ftr-433	1505	21	of	of	ADP
ftr-433	1505	22	capital	capital	NOUN
ftr-433	1505	23	through	through	ADP
ftr-433	1505	24	cost	cost	NOUN
ftr-433	1505	25	recovery	recovery	NOUN
ftr-433	1505	26	deductions	deduction	NOUN
ftr-433	1505	27	;	;	PUNCT
ftr-433	1505	28	and	and	CCONJ
ftr-433	1505	29	(	(	PUNCT
ftr-433	1505	30	2	2	X
ftr-433	1505	31	)	)	PUNCT
ftr-433	1505	32	to	to	PART
ftr-433	1505	33	otherwise	otherwise	ADV
ftr-433	1505	34	tax	tax	VERB
ftr-433	1505	35	all	all	DET
ftr-433	1505	36	net	net	NOUN
ftr-433	1505	37	realized	realize	VERB
ftr-433	1505	38	investment	investment	NOUN
ftr-433	1505	39	income	income	NOUN
ftr-433	1505	40	.	.	PUNCT
ftr-433	1506	1	in	in	ADP
ftr-433	1506	2	the	the	DET
ftr-433	1506	3	context	context	NOUN
ftr-433	1506	4	of	of	ADP
ftr-433	1506	5	our	our	PRON
ftr-433	1506	6	investment	investment	NOUN
ftr-433	1506	7	model	model	NOUN
ftr-433	1506	8	,	,	PUNCT
ftr-433	1506	9	this	this	PRON
ftr-433	1506	10	means	mean	VERB
ftr-433	1506	11	that	that	SCONJ
ftr-433	1506	12	the	the	DET
ftr-433	1506	13	tax	tax	NOUN
ftr-433	1506	14	base	base	NOUN
ftr-433	1506	15	accounting	accounting	NOUN
ftr-433	1506	16	dynamic	dynamic	NOUN
ftr-433	1506	17	is	be	AUX
ftr-433	1506	18	similar	similar	ADJ
ftr-433	1506	19	to	to	ADP
ftr-433	1506	20	that	that	PRON
ftr-433	1506	21	of	of	ADP
ftr-433	1506	22	an	an	DET
ftr-433	1506	23	amit	amit	NOUN
ftr-433	1506	24	base	base	NOUN
ftr-433	1506	25	:	:	PUNCT
ftr-433	1506	26	nominal	nominal	ADJ
ftr-433	1506	27	income	income	NOUN
ftr-433	1506	28	produced	produce	VERB
ftr-433	1506	29	by	by	ADP
ftr-433	1506	30	a	a	DET
ftr-433	1506	31	productive	productive	ADJ
ftr-433	1506	32	asset	asset	NOUN
ftr-433	1506	33	is	be	AUX
ftr-433	1506	34	included	include	VERB
ftr-433	1506	35	in	in	ADP
ftr-433	1506	36	the	the	DET
ftr-433	1506	37	tax	tax	NOUN
ftr-433	1506	38	base	base	NOUN
ftr-433	1506	39	but	but	CCONJ
ftr-433	1506	40	is	be	AUX
ftr-433	1506	41	at	at	ADV
ftr-433	1506	42	least	least	ADJ
ftr-433	1506	43	partially	partially	ADV
ftr-433	1506	44	offset	offset	VERB
ftr-433	1506	45	by	by	ADP
ftr-433	1506	46	a	a	DET
ftr-433	1506	47	deduction	deduction	NOUN
ftr-433	1506	48	(	(	PUNCT
ftr-433	1506	49	or	or	CCONJ
ftr-433	1506	50	tax	tax	NOUN
ftr-433	1506	51	base	base	NOUN
ftr-433	1506	52	reduction	reduction	NOUN
ftr-433	1506	53	)	)	PUNCT
ftr-433	1506	54	associated	associate	VERB
ftr-433	1506	55	with	with	ADP
ftr-433	1506	56	the	the	DET
ftr-433	1506	57	asset	asset	NOUN
ftr-433	1506	58	.	.	PUNCT
ftr-433	1507	1	in	in	ADP
ftr-433	1507	2	a	a	DET
ftr-433	1507	3	normative	normative	ADJ
ftr-433	1507	4	rbit	rbit	NOUN
ftr-433	1507	5	,	,	PUNCT
ftr-433	1507	6	however	however	ADV
ftr-433	1507	7	,	,	PUNCT
ftr-433	1507	8	the	the	DET
ftr-433	1507	9	offsetting	offset	VERB
ftr-433	1507	10	deduction	deduction	NOUN
ftr-433	1507	11	should	should	AUX
ftr-433	1507	12	reflect	reflect	VERB
ftr-433	1507	13	the	the	DET
ftr-433	1507	14	cost	cost	NOUN
ftr-433	1507	15	of	of	ADP
ftr-433	1507	16	capital	capital	NOUN
ftr-433	1507	17	invested	invest	VERB
ftr-433	1507	18	in	in	ADP
ftr-433	1507	19	the	the	DET
ftr-433	1507	20	asset	asset	NOUN
ftr-433	1507	21	rather	rather	ADV
ftr-433	1507	22	than	than	ADP
ftr-433	1507	23	the	the	DET
ftr-433	1507	24	declining	decline	VERB
ftr-433	1507	25	value	value	NOUN
ftr-433	1507	26	of	of	ADP
ftr-433	1507	27	the	the	DET
ftr-433	1507	28	productive	productive	ADJ
ftr-433	1507	29	asset	asset	NOUN
ftr-433	1507	30	itself	itself	PRON
ftr-433	1507	31	.	.	PUNCT
ftr-433	1508	1	economic	economic	ADJ
ftr-433	1508	2	cost	cost	NOUN
ftr-433	1508	3	recovery	recovery	NOUN
ftr-433	1508	4	(	(	PUNCT
ftr-433	1508	5	cost	cost	NOUN
ftr-433	1508	6	recovery	recovery	NOUN
ftr-433	1508	7	based	base	VERB
ftr-433	1508	8	on	on	ADP
ftr-433	1508	9	the	the	DET
ftr-433	1508	10	financial	financial	ADJ
ftr-433	1508	11	characteristics	characteristic	NOUN
ftr-433	1508	12	of	of	ADP
ftr-433	1508	13	economic	economic	ADJ
ftr-433	1508	14	depreciation	depreciation	NOUN
ftr-433	1508	15	)	)	PUNCT
ftr-433	1508	16	fails	fail	VERB
ftr-433	1508	17	to	to	PART
ftr-433	1508	18	facilitate	facilitate	VERB
ftr-433	1508	19	the	the	DET
ftr-433	1508	20	second	second	ADJ
ftr-433	1508	21	and	and	CCONJ
ftr-433	1508	22	third	third	ADJ
ftr-433	1508	23	structural	structural	ADJ
ftr-433	1508	24	principles	principle	NOUN
ftr-433	1508	25	described	describe	VERB
ftr-433	1508	26	in	in	ADP
ftr-433	1508	27	the	the	DET
ftr-433	1508	28	previous	previous	ADJ
ftr-433	1508	29	paragraph	paragraph	NOUN
ftr-433	1508	30	or	or	CCONJ
ftr-433	1508	31	either	either	PRON
ftr-433	1508	32	of	of	ADP
ftr-433	1508	33	the	the	DET
ftr-433	1508	34	accounting	accounting	NOUN
ftr-433	1508	35	principles	principle	NOUN
ftr-433	1508	36	.	.	PUNCT
ftr-433	1509	1	first	first	ADV
ftr-433	1509	2	,	,	PUNCT
ftr-433	1509	3	economic	economic	ADJ
ftr-433	1509	4	cost	cost	NOUN
ftr-433	1509	5	recovery	recovery	NOUN
ftr-433	1509	6	fails	fail	VERB
ftr-433	1509	7	to	to	PART
ftr-433	1509	8	implement	implement	VERB
ftr-433	1509	9	the	the	DET
ftr-433	1509	10	structural	structural	ADJ
ftr-433	1509	11	and	and	CCONJ
ftr-433	1509	12	accounting	accounting	NOUN
ftr-433	1509	13	principle	principle	NOUN
ftr-433	1509	14	providing	provide	VERB
ftr-433	1509	15	for	for	ADP
ftr-433	1509	16	the	the	DET
ftr-433	1509	17	tax	tax	NOUN
ftr-433	1509	18	-	-	PUNCT
ftr-433	1509	19	free	free	ADJ
ftr-433	1509	20	return	return	NOUN
ftr-433	1509	21	of	of	ADP
ftr-433	1509	22	capital	capital	NOUN
ftr-433	1509	23	.	.	PUNCT
ftr-433	1510	1	because	because	SCONJ
ftr-433	1510	2	cost	cost	NOUN
ftr-433	1510	3	recovery	recovery	NOUN
ftr-433	1510	4	based	base	VERB
ftr-433	1510	5	on	on	ADP
ftr-433	1510	6	economic	economic	ADJ
ftr-433	1510	7	depreciation	depreciation	NOUN
ftr-433	1510	8	requires	require	VERB
ftr-433	1510	9	deferred	defer	VERB
ftr-433	1510	10	cost	cost	NOUN
ftr-433	1510	11	recovery	recovery	NOUN
ftr-433	1510	12	,	,	PUNCT
ftr-433	1510	13	the	the	DET
ftr-433	1510	14	present	present	ADJ
ftr-433	1510	15	value	value	NOUN
ftr-433	1510	16	of	of	ADP
ftr-433	1510	17	economic	economic	ADJ
ftr-433	1510	18	cost	cost	NOUN
ftr-433	1510	19	recovery	recovery	NOUN
ftr-433	1510	20	is	be	AUX
ftr-433	1510	21	less	less	ADJ
ftr-433	1510	22	than	than	ADP
ftr-433	1510	23	the	the	DET
ftr-433	1510	24	present	present	ADJ
ftr-433	1510	25	value	value	NOUN
ftr-433	1510	26	of	of	ADP
ftr-433	1510	27	the	the	DET
ftr-433	1510	28	asset	asset	NOUN
ftr-433	1510	29	yield	yield	NOUN
ftr-433	1510	30	stream	stream	NOUN
ftr-433	1510	31	.	.	PUNCT
ftr-433	1511	1	the	the	DET
ftr-433	1511	2	difference	difference	NOUN
ftr-433	1511	3	becomes	become	VERB
ftr-433	1511	4	taxable	taxable	ADJ
ftr-433	1511	5	income	income	NOUN
ftr-433	1511	6	,	,	PUNCT
ftr-433	1511	7	and	and	CCONJ
ftr-433	1511	8	the	the	DET
ftr-433	1511	9	result	result	NOUN
ftr-433	1511	10	is	be	AUX
ftr-433	1511	11	the	the	DET
ftr-433	1511	12	financial	financial	ADJ
ftr-433	1511	13	under	under	NOUN
ftr-433	1511	14	-	-	PUNCT
ftr-433	1511	15	recovery	recovery	NOUN
ftr-433	1511	16	of	of	ADP
ftr-433	1511	17	asset	asset	NOUN
ftr-433	1511	18	cost	cost	NOUN
ftr-433	1511	19	and	and	CCONJ
ftr-433	1511	20	the	the	DET
ftr-433	1511	21	financial	financial	ADJ
ftr-433	1511	22	overtaxation	overtaxation	NOUN
ftr-433	1511	23	of	of	ADP
ftr-433	1511	24	asset	asset	NOUN
ftr-433	1511	25	yield.199	yield.199	NOUN
ftr-433	1511	26	second	second	ADJ
ftr-433	1511	27	,	,	PUNCT
ftr-433	1511	28	economic	economic	ADJ
ftr-433	1511	29	cost	cost	NOUN
ftr-433	1511	30	recovery	recovery	NOUN
ftr-433	1511	31	negates	negate	VERB
ftr-433	1511	32	the	the	DET
ftr-433	1511	33	realization	realization	NOUN
ftr-433	1511	34	requirement	requirement	NOUN
ftr-433	1511	35	because	because	SCONJ
ftr-433	1511	36	it	it	PRON
ftr-433	1511	37	is	be	AUX
ftr-433	1511	38	based	base	VERB
ftr-433	1511	39	on	on	ADP
ftr-433	1511	40	an	an	DET
ftr-433	1511	41	accretion	accretion	NOUN
ftr-433	1511	42	or	or	CCONJ
ftr-433	1511	43	accrual	accrual	ADJ
ftr-433	1511	44	accounting	accounting	NOUN
ftr-433	1511	45	technique	technique	NOUN
ftr-433	1511	46	that	that	PRON
ftr-433	1511	47	measures	measure	NOUN
ftr-433	1511	48	unrealized	unrealize	VERB
ftr-433	1511	49	decreases	decrease	NOUN
ftr-433	1511	50	in	in	ADP
ftr-433	1511	51	an	an	DET
ftr-433	1511	52	asset	asset	NOUN
ftr-433	1511	53	’s	’s	PART
ftr-433	1511	54	value	value	NOUN
ftr-433	1511	55	.	.	PUNCT
ftr-433	1512	1	using	use	VERB
ftr-433	1512	2	such	such	DET
ftr-433	1512	3	a	a	DET
ftr-433	1512	4	cost	cost	NOUN
ftr-433	1512	5	recovery	recovery	NOUN
ftr-433	1512	6	method	method	NOUN
ftr-433	1512	7	to	to	PART
ftr-433	1512	8	measure	measure	VERB
ftr-433	1512	9	capital	capital	NOUN
ftr-433	1512	10	income	income	NOUN
ftr-433	1512	11	is	be	AUX
ftr-433	1512	12	inconsistent	inconsistent	ADJ
ftr-433	1512	13	with	with	ADP
ftr-433	1512	14	a	a	DET
ftr-433	1512	15	rbit	rbit	NOUN
ftr-433	1512	16	base	base	NOUN
ftr-433	1512	17	both	both	PRON
ftr-433	1512	18	as	as	ADP
ftr-433	1512	19	a	a	DET
ftr-433	1512	20	structural	structural	ADJ
ftr-433	1512	21	and	and	CCONJ
ftr-433	1512	22	accounting	accounting	NOUN
ftr-433	1512	23	matter	matter	NOUN
ftr-433	1512	24	.	.	PUNCT
ftr-433	1513	1	the	the	DET
ftr-433	1513	2	overall	overall	ADJ
ftr-433	1513	3	structural	structural	ADJ
ftr-433	1513	4	problem	problem	NOUN
ftr-433	1513	5	caused	cause	VERB
ftr-433	1513	6	by	by	ADP
ftr-433	1513	7	economic	economic	ADJ
ftr-433	1513	8	cost	cost	NOUN
ftr-433	1513	9	recovery	recovery	NOUN
ftr-433	1513	10	is	be	AUX
ftr-433	1513	11	that	that	SCONJ
ftr-433	1513	12	it	it	PRON
ftr-433	1513	13	causes	cause	VERB
ftr-433	1513	14	realized	realize	VERB
ftr-433	1513	15	income	income	NOUN
ftr-433	1513	16	(	(	PUNCT
ftr-433	1513	17	asset	asset	NOUN
ftr-433	1513	18	yield	yield	NOUN
ftr-433	1513	19	)	)	PUNCT
ftr-433	1513	20	to	to	PART
ftr-433	1513	21	be	be	AUX
ftr-433	1513	22	netted	net	VERB
ftr-433	1513	23	against	against	ADP
ftr-433	1513	24	cost	cost	NOUN
ftr-433	1513	25	recovery	recovery	NOUN
ftr-433	1513	26	based	base	VERB
ftr-433	1513	27	on	on	ADP
ftr-433	1513	28	unrealized	unrealized	ADJ
ftr-433	1513	29	changes	change	NOUN
ftr-433	1513	30	in	in	ADP
ftr-433	1513	31	wealth	wealth	NOUN
ftr-433	1513	32	;	;	PUNCT
ftr-433	1513	33	and	and	CCONJ
ftr-433	1513	34	neither	neither	PRON
ftr-433	1513	35	asset	asset	NOUN
ftr-433	1513	36	yield	yield	NOUN
ftr-433	1513	37	treatment	treatment	NOUN
ftr-433	1513	38	nor	nor	CCONJ
ftr-433	1513	39	asset	asset	NOUN
ftr-433	1513	40	cost	cost	NOUN
ftr-433	1513	41	recovery	recovery	NOUN
ftr-433	1513	42	treatment	treatment	NOUN
ftr-433	1513	43	should	should	AUX
ftr-433	1513	44	violate	violate	VERB
ftr-433	1513	45	the	the	DET
ftr-433	1513	46	realization	realization	NOUN
ftr-433	1513	47	requirement	requirement	NOUN
ftr-433	1513	48	in	in	ADP
ftr-433	1513	49	a	a	DET
ftr-433	1513	50	normative	normative	ADJ
ftr-433	1513	51	rbit	rbit	NOUN
ftr-433	1513	52	base	base	NOUN
ftr-433	1513	53	.	.	PUNCT
ftr-433	1514	1	third	third	ADJ
ftr-433	1514	2	,	,	PUNCT
ftr-433	1514	3	economic	economic	ADJ
ftr-433	1514	4	cost	cost	NOUN
ftr-433	1514	5	recovery	recovery	NOUN
ftr-433	1514	6	is	be	AUX
ftr-433	1514	7	appropriate	appropriate	ADJ
ftr-433	1514	8	for	for	ADP
ftr-433	1514	9	measuring	measure	VERB
ftr-433	1514	10	unrealized	unrealized	ADJ
ftr-433	1514	11	changes	change	NOUN
ftr-433	1514	12	in	in	ADP
ftr-433	1514	13	asset	asset	NOUN
ftr-433	1514	14	value	value	NOUN
ftr-433	1514	15	,	,	PUNCT
ftr-433	1514	16	because	because	SCONJ
ftr-433	1514	17	those	those	PRON
ftr-433	1514	18	are	be	AUX
ftr-433	1514	19	determined	determine	VERB
ftr-433	1514	20	by	by	ADP
ftr-433	1514	21	the	the	DET
ftr-433	1514	22	relationship	relationship	NOUN
ftr-433	1514	23	1between	1between	NUM
ftr-433	1514	24	d	d	NOUN
ftr-433	1514	25	,	,	PUNCT
ftr-433	1514	26	the	the	DET
ftr-433	1514	27	pre	pre	ADJ
ftr-433	1514	28	-	-	ADJ
ftr-433	1514	29	tax	tax	ADJ
ftr-433	1514	30	discount	discount	NOUN
ftr-433	1514	31	rate	rate	NOUN
ftr-433	1514	32	,	,	PUNCT
ftr-433	1514	33	and	and	CCONJ
ftr-433	1514	34	a	a	DET
ftr-433	1514	35	depreciable	depreciable	ADJ
ftr-433	1514	36	asset	asset	NOUN
ftr-433	1514	37	’s	’s	PART
ftr-433	1514	38	yield	yield	NOUN
ftr-433	1514	39	rate	rate	NOUN
ftr-433	1514	40	.	.	PUNCT
ftr-433	1515	1	however	however	ADV
ftr-433	1515	2	,	,	PUNCT
ftr-433	1515	3	it	it	PRON
ftr-433	1515	4	is	be	AUX
ftr-433	1515	5	inappropriate	inappropriate	ADJ
ftr-433	1515	6	for	for	ADP
ftr-433	1515	7	purposes	purpose	NOUN
ftr-433	1515	8	of	of	ADP
ftr-433	1515	9	measuring	measure	VERB
ftr-433	1515	10	net	net	ADJ
ftr-433	1515	11	realized	realize	VERB
ftr-433	1515	12	income	income	NOUN
ftr-433	1515	13	.	.	PUNCT
ftr-433	1516	1	for	for	ADP
ftr-433	1516	2	example	example	NOUN
ftr-433	1516	3	,	,	PUNCT
ftr-433	1516	4	the	the	DET
ftr-433	1516	5	100	100	NUM
ftr-433	1516	6	%	%	NOUN
ftr-433	1516	7	financial	financial	ADJ
ftr-433	1516	8	tax	tax	NOUN
ftr-433	1516	9	rate	rate	NOUN
ftr-433	1516	10	imposed	impose	VERB
ftr-433	1516	11	on	on	ADP
ftr-433	1516	12	the	the	DET
ftr-433	1516	13	present	present	ADJ
ftr-433	1516	14	value	value	NOUN
ftr-433	1516	15	of	of	ADP
ftr-433	1516	16	a	a	DET
ftr-433	1516	17	depreciable	depreciable	ADJ
ftr-433	1516	18	asset	asset	NOUN
ftr-433	1516	19	’s	’s	PART
ftr-433	1516	20	yield	yield	NOUN
ftr-433	1516	21	stream	stream	NOUN
ftr-433	1516	22	(	(	PUNCT
ftr-433	1516	23	y	y	NOUN
ftr-433	1516	24	)	)	PUNCT
ftr-433	1516	25	to	to	ADP
ftr-433	1516	26	the	the	DET
ftr-433	1516	27	extent	extent	NOUN
ftr-433	1516	28	it	it	PRON
ftr-433	1516	29	equals	equal	VERB
ftr-433	1516	30	(	(	PUNCT
ftr-433	1516	31	or	or	CCONJ
ftr-433	1516	32	is	be	AUX
ftr-433	1516	33	less	less	ADJ
ftr-433	1516	34	than	than	ADP
ftr-433	1516	35	)	)	PUNCT
ftr-433	1516	36	the	the	DET
ftr-433	1516	37	1pre	1pre	NUM
ftr-433	1516	38	-	-	PUNCT
ftr-433	1516	39	tax	tax	NOUN
ftr-433	1516	40	discount	discount	NOUN
ftr-433	1516	41	rate	rate	NOUN
ftr-433	1516	42	(	(	PUNCT
ftr-433	1516	43	d	d	NOUN
ftr-433	1516	44	)	)	PUNCT
ftr-433	1516	45	,	,	PUNCT
ftr-433	1516	46	creates	create	VERB
ftr-433	1516	47	a	a	DET
ftr-433	1516	48	persistent	persistent	ADJ
ftr-433	1516	49	distortion	distortion	NOUN
ftr-433	1516	50	in	in	ADP
ftr-433	1516	51	effective	effective	ADJ
ftr-433	1516	52	tax	tax	NOUN
ftr-433	1516	53	rates	rate	NOUN
ftr-433	1516	54	as	as	ADP
ftr-433	1516	55	542	542	NUM
ftr-433	1516	56	florida	florida	PROPN
ftr-433	1516	57	tax	tax	NOUN
ftr-433	1516	58	review	review	NOUN
ftr-433	1517	1	[	[	X
ftr-433	1517	2	vol	vol	NOUN
ftr-433	1517	3	.	.	PUNCT
ftr-433	1517	4	5:7	5:7	NUM
ftr-433	1517	5	measured	measure	VERB
ftr-433	1517	6	by	by	ADP
ftr-433	1517	7	net	net	ADJ
ftr-433	1517	8	present	present	ADJ
ftr-433	1517	9	value	value	NOUN
ftr-433	1517	10	(	(	PUNCT
ftr-433	1517	11	npv	npv	PROPN
ftr-433	1517	12	etr	etr	PROPN
ftr-433	1517	13	)	)	PUNCT
ftr-433	1517	14	.	.	PUNCT
ftr-433	1518	1	the	the	DET
ftr-433	1518	2	correct	correct	ADJ
ftr-433	1518	3	financial	financial	ADJ
ftr-433	1518	4	tax	tax	NOUN
ftr-433	1518	5	rate	rate	NOUN
ftr-433	1518	6	is	be	AUX
ftr-433	1518	7	only	only	ADV
ftr-433	1518	8	imposed	impose	VERB
ftr-433	1518	9	on	on	ADP
ftr-433	1518	10	yield	yield	NOUN
ftr-433	1518	11	in	in	ADP
ftr-433	1518	12	excess	excess	NOUN
ftr-433	1518	13	of	of	ADP
ftr-433	1518	14	that	that	DET
ftr-433	1518	15	threshold	threshold	NOUN
ftr-433	1518	16	,	,	PUNCT
ftr-433	1518	17	but	but	CCONJ
ftr-433	1518	18	even	even	ADV
ftr-433	1518	19	then	then	ADV
ftr-433	1518	20	,	,	PUNCT
ftr-433	1518	21	economic	economic	ADJ
ftr-433	1518	22	cost	cost	NOUN
ftr-433	1518	23	recovery	recovery	NOUN
ftr-433	1518	24	continues	continue	VERB
ftr-433	1518	25	to	to	PART
ftr-433	1518	26	distort	distort	VERB
ftr-433	1518	27	the	the	DET
ftr-433	1518	28	overall	overall	ADJ
ftr-433	1518	29	npv	npv	PROPN
ftr-433	1518	30	etr	etr	PROPN
ftr-433	1518	31	.	.	PUNCT
ftr-433	1519	1	this	this	PRON
ftr-433	1519	2	is	be	AUX
ftr-433	1519	3	normative	normative	ADJ
ftr-433	1519	4	treatment	treatment	NOUN
ftr-433	1519	5	for	for	ADP
ftr-433	1519	6	an	an	DET
ftr-433	1519	7	amit	amit	NOUN
ftr-433	1519	8	base	base	NOUN
ftr-433	1519	9	that	that	PRON
ftr-433	1519	10	measures	measure	VERB
ftr-433	1519	11	value	value	NOUN
ftr-433	1519	12	relative	relative	ADJ
ftr-433	1519	13	to	to	ADP
ftr-433	1519	14	the	the	DET
ftr-433	1519	15	pre	pre	ADJ
ftr-433	1519	16	-	-	ADJ
ftr-433	1519	17	tax	tax	ADJ
ftr-433	1519	18	discount	discount	NOUN
ftr-433	1519	19	rate	rate	NOUN
ftr-433	1519	20	,	,	PUNCT
ftr-433	1519	21	but	but	CCONJ
ftr-433	1519	22	it	it	PRON
ftr-433	1519	23	is	be	AUX
ftr-433	1519	24	inappropriate	inappropriate	ADJ
ftr-433	1519	25	for	for	ADP
ftr-433	1519	26	a	a	DET
ftr-433	1519	27	tax	tax	NOUN
ftr-433	1519	28	base	base	NOUN
ftr-433	1519	29	accounting	accounting	NOUN
ftr-433	1519	30	principle	principle	NOUN
ftr-433	1519	31	that	that	PRON
ftr-433	1519	32	requires	require	VERB
ftr-433	1519	33	measuring	measure	VERB
ftr-433	1519	34	net	net	ADJ
ftr-433	1519	35	realized	realize	VERB
ftr-433	1519	36	income	income	NOUN
ftr-433	1519	37	rather	rather	ADV
ftr-433	1519	38	than	than	ADP
ftr-433	1519	39	inter	inter	ADJ
ftr-433	1519	40	-	-	ADJ
ftr-433	1519	41	period	period	ADJ
ftr-433	1519	42	asset	asset	NOUN
ftr-433	1519	43	value	value	NOUN
ftr-433	1519	44	fluctuations	fluctuation	NOUN
ftr-433	1519	45	and	and	CCONJ
ftr-433	1519	46	indirectly	indirectly	ADV
ftr-433	1519	47	net	net	ADJ
ftr-433	1519	48	unrealized	unrealized	ADJ
ftr-433	1519	49	income	income	NOUN
ftr-433	1519	50	.	.	PUNCT
ftr-433	1520	1	c.	c.	NOUN
ftr-433	1520	2	capital	capital	PROPN
ftr-433	1520	3	expensing	expensing	NOUN
ftr-433	1520	4	is	be	AUX
ftr-433	1520	5	the	the	DET
ftr-433	1520	6	normative	normative	ADJ
ftr-433	1520	7	capital	capital	NOUN
ftr-433	1520	8	cost	cost	NOUN
ftr-433	1520	9	recovery	recovery	NOUN
ftr-433	1520	10	method	method	NOUN
ftr-433	1520	11	for	for	ADP
ftr-433	1520	12	a	a	DET
ftr-433	1520	13	rbit	rbit	NOUN
ftr-433	1520	14	base	base	NOUN
ftr-433	1520	15	on	on	ADP
ftr-433	1520	16	the	the	DET
ftr-433	1520	17	other	other	ADJ
ftr-433	1520	18	hand	hand	NOUN
ftr-433	1520	19	,	,	PUNCT
ftr-433	1520	20	capital	capital	NOUN
ftr-433	1520	21	expensing	expense	VERB
ftr-433	1520	22	as	as	ADP
ftr-433	1520	23	a	a	DET
ftr-433	1520	24	cost	cost	NOUN
ftr-433	1520	25	recovery	recovery	NOUN
ftr-433	1520	26	method	method	NOUN
ftr-433	1520	27	provides	provide	VERB
ftr-433	1520	28	normative	normative	ADJ
ftr-433	1520	29	structural	structural	ADJ
ftr-433	1520	30	treatment	treatment	NOUN
ftr-433	1520	31	for	for	ADP
ftr-433	1520	32	short	short	ADV
ftr-433	1520	33	-	-	PUNCT
ftr-433	1520	34	lived	live	VERB
ftr-433	1520	35	depreciable	depreciable	ADJ
ftr-433	1520	36	assets	asset	NOUN
ftr-433	1520	37	in	in	ADP
ftr-433	1520	38	a	a	DET
ftr-433	1520	39	rbit	rbit	NOUN
ftr-433	1520	40	base	base	NOUN
ftr-433	1520	41	because	because	SCONJ
ftr-433	1520	42	it	it	PRON
ftr-433	1520	43	does	do	AUX
ftr-433	1520	44	not	not	PART
ftr-433	1520	45	combine	combine	VERB
ftr-433	1520	46	realization	realization	NOUN
ftr-433	1520	47	accounting	accounting	NOUN
ftr-433	1520	48	for	for	ADP
ftr-433	1520	49	yield	yield	NOUN
ftr-433	1520	50	and	and	CCONJ
ftr-433	1520	51	non	non	ADJ
ftr-433	1520	52	-	-	ADJ
ftr-433	1520	53	realization	realization	ADJ
ftr-433	1520	54	accounting	accounting	NOUN
ftr-433	1520	55	for	for	ADP
ftr-433	1520	56	cost	cost	NOUN
ftr-433	1520	57	recovery	recovery	NOUN
ftr-433	1520	58	deductions	deduction	NOUN
ftr-433	1520	59	in	in	ADP
ftr-433	1520	60	an	an	DET
ftr-433	1520	61	effort	effort	NOUN
ftr-433	1520	62	to	to	PART
ftr-433	1520	63	account	account	VERB
ftr-433	1520	64	for	for	ADP
ftr-433	1520	65	net	net	ADJ
ftr-433	1520	66	realized	realize	VERB
ftr-433	1520	67	income	income	NOUN
ftr-433	1520	68	.	.	PUNCT
ftr-433	1521	1	as	as	ADP
ftr-433	1521	2	a	a	DET
ftr-433	1521	3	result	result	NOUN
ftr-433	1521	4	,	,	PUNCT
ftr-433	1521	5	capital	capital	NOUN
ftr-433	1521	6	expensing	expensing	NOUN
ftr-433	1521	7	allows	allow	VERB
ftr-433	1521	8	rbit	rbit	NOUN
ftr-433	1521	9	base	base	NOUN
ftr-433	1521	10	accounting	accounting	NOUN
ftr-433	1521	11	to	to	PART
ftr-433	1521	12	focus	focus	VERB
ftr-433	1521	13	properly	properly	ADV
ftr-433	1521	14	and	and	CCONJ
ftr-433	1521	15	exclusively	exclusively	ADV
ftr-433	1521	16	on	on	ADP
ftr-433	1521	17	measuring	measure	VERB
ftr-433	1521	18	net	net	ADJ
ftr-433	1521	19	realized	realize	VERB
ftr-433	1521	20	income	income	NOUN
ftr-433	1521	21	and	and	CCONJ
ftr-433	1521	22	to	to	PART
ftr-433	1521	23	ignore	ignore	VERB
ftr-433	1521	24	unrealized	unrealized	ADJ
ftr-433	1521	25	changes	change	NOUN
ftr-433	1521	26	in	in	ADP
ftr-433	1521	27	asset	asset	NOUN
ftr-433	1521	28	value	value	NOUN
ftr-433	1521	29	,	,	PUNCT
ftr-433	1521	30	which	which	PRON
ftr-433	1521	31	is	be	AUX
ftr-433	1521	32	the	the	DET
ftr-433	1521	33	sine	sine	NOUN
ftr-433	1521	34	qua	qua	NOUN
ftr-433	1521	35	non	non	X
ftr-433	1521	36	of	of	ADP
ftr-433	1521	37	amit	amit	PROPN
ftr-433	1521	38	base	base	PROPN
ftr-433	1521	39	accounting	accounting	NOUN
ftr-433	1521	40	.	.	PUNCT
ftr-433	1522	1	capital	capital	NOUN
ftr-433	1522	2	expensing	expense	VERB
ftr-433	1522	3	as	as	ADP
ftr-433	1522	4	a	a	DET
ftr-433	1522	5	rbit	rbit	NOUN
ftr-433	1522	6	base	base	NOUN
ftr-433	1522	7	capital	capital	NOUN
ftr-433	1522	8	cost	cost	NOUN
ftr-433	1522	9	recovery	recovery	NOUN
ftr-433	1522	10	method	method	NOUN
ftr-433	1522	11	is	be	AUX
ftr-433	1522	12	also	also	ADV
ftr-433	1522	13	structurally	structurally	ADV
ftr-433	1522	14	distinguishable	distinguishable	ADJ
ftr-433	1522	15	from	from	ADP
ftr-433	1522	16	cash	cash	NOUN
ftr-433	1522	17	flow	flow	NOUN
ftr-433	1522	18	accounting	account	VERB
ftr-433	1522	19	for	for	ADP
ftr-433	1522	20	cfit	cfit	NOUN
ftr-433	1522	21	base	base	NOUN
ftr-433	1522	22	investment	investment	NOUN
ftr-433	1522	23	.	.	PUNCT
ftr-433	1523	1	the	the	DET
ftr-433	1523	2	former	former	ADJ
ftr-433	1523	3	provides	provide	VERB
ftr-433	1523	4	tax	tax	NOUN
ftr-433	1523	5	-	-	PUNCT
ftr-433	1523	6	free	free	ADJ
ftr-433	1523	7	recovery	recovery	NOUN
ftr-433	1523	8	of	of	ADP
ftr-433	1523	9	already	already	ADV
ftr-433	1523	10	-	-	PUNCT
ftr-433	1523	11	taxed	tax	VERB
ftr-433	1523	12	dollars	dollar	NOUN
ftr-433	1523	13	,	,	PUNCT
ftr-433	1523	14	while	while	SCONJ
ftr-433	1523	15	the	the	DET
ftr-433	1523	16	latter	latter	ADJ
ftr-433	1523	17	causes	cause	VERB
ftr-433	1523	18	the	the	DET
ftr-433	1523	19	pre	pre	ADJ
ftr-433	1523	20	-	-	ADJ
ftr-433	1523	21	tax	tax	ADJ
ftr-433	1523	22	investment	investment	NOUN
ftr-433	1523	23	of	of	ADP
ftr-433	1523	24	untaxed	untaxed	ADJ
ftr-433	1523	25	dollars	dollar	NOUN
ftr-433	1523	26	.	.	PUNCT
ftr-433	1524	1	in	in	ADP
ftr-433	1524	2	both	both	DET
ftr-433	1524	3	cases	case	NOUN
ftr-433	1524	4	,	,	PUNCT
ftr-433	1524	5	the	the	DET
ftr-433	1524	6	economic	economic	ADJ
ftr-433	1524	7	and	and	CCONJ
ftr-433	1524	8	financial	financial	ADJ
ftr-433	1524	9	yield	yield	NOUN
ftr-433	1524	10	produced	produce	VERB
ftr-433	1524	11	by	by	ADP
ftr-433	1524	12	the	the	DET
ftr-433	1524	13	investment	investment	NOUN
ftr-433	1524	14	asset	asset	NOUN
ftr-433	1524	15	is	be	AUX
ftr-433	1524	16	fully	fully	ADV
ftr-433	1524	17	taxed	tax	VERB
ftr-433	1524	18	–	–	PUNCT
ftr-433	1524	19	in	in	ADP
ftr-433	1524	20	a	a	DET
ftr-433	1524	21	cfit	cfit	NOUN
ftr-433	1524	22	base	base	NOUN
ftr-433	1524	23	because	because	SCONJ
ftr-433	1524	24	it	it	PRON
ftr-433	1524	25	is	be	AUX
ftr-433	1524	26	a	a	DET
ftr-433	1524	27	positive	positive	ADJ
ftr-433	1524	28	cash	cash	NOUN
ftr-433	1524	29	flow	flow	NOUN
ftr-433	1524	30	,	,	PUNCT
ftr-433	1524	31	and	and	CCONJ
ftr-433	1524	32	in	in	ADP
ftr-433	1524	33	a	a	DET
ftr-433	1524	34	rbit	rbit	NOUN
ftr-433	1524	35	base	base	NOUN
ftr-433	1524	36	because	because	SCONJ
ftr-433	1524	37	it	it	PRON
ftr-433	1524	38	is	be	AUX
ftr-433	1524	39	realized	realize	VERB
ftr-433	1524	40	income	income	NOUN
ftr-433	1524	41	.	.	PUNCT
ftr-433	1525	1	in	in	ADP
ftr-433	1525	2	terms	term	NOUN
ftr-433	1525	3	of	of	ADP
ftr-433	1525	4	rbit	rbit	NOUN
ftr-433	1525	5	base	base	NOUN
ftr-433	1525	6	accounting	accounting	NOUN
ftr-433	1525	7	principles	principle	NOUN
ftr-433	1525	8	,	,	PUNCT
ftr-433	1525	9	capital	capital	NOUN
ftr-433	1525	10	expensing	expensing	NOUN
ftr-433	1525	11	is	be	AUX
ftr-433	1525	12	the	the	DET
ftr-433	1525	13	only	only	ADJ
ftr-433	1525	14	rbit	rbit	NOUN
ftr-433	1525	15	base	base	NOUN
ftr-433	1525	16	cost	cost	NOUN
ftr-433	1525	17	recovery	recovery	NOUN
ftr-433	1525	18	method	method	NOUN
ftr-433	1525	19	that	that	PRON
ftr-433	1525	20	provides	provide	VERB
ftr-433	1525	21	full	full	ADJ
ftr-433	1525	22	cost	cost	NOUN
ftr-433	1525	23	recovery	recovery	NOUN
ftr-433	1525	24	financially	financially	ADV
ftr-433	1525	25	,	,	PUNCT
ftr-433	1525	26	as	as	SCONJ
ftr-433	1525	27	shown	show	VERB
ftr-433	1525	28	in	in	ADP
ftr-433	1525	29	part	part	NOUN
ftr-433	1525	30	v.	v.	INTJ
ftr-433	1525	31	as	as	ADP
ftr-433	1525	32	a	a	DET
ftr-433	1525	33	result	result	NOUN
ftr-433	1525	34	,	,	PUNCT
ftr-433	1525	35	only	only	ADV
ftr-433	1525	36	true	true	ADJ
ftr-433	1525	37	net	net	ADJ
ftr-433	1525	38	financial	financial	ADJ
ftr-433	1525	39	income	income	NOUN
ftr-433	1525	40	is	be	AUX
ftr-433	1525	41	taxed	tax	VERB
ftr-433	1525	42	,	,	PUNCT
ftr-433	1525	43	and	and	CCONJ
ftr-433	1525	44	not	not	PART
ftr-433	1525	45	disparities	disparity	NOUN
ftr-433	1525	46	between	between	ADP
ftr-433	1525	47	the	the	DET
ftr-433	1525	48	present	present	ADJ
ftr-433	1525	49	values	value	NOUN
ftr-433	1525	50	of	of	ADP
ftr-433	1525	51	realized	realize	VERB
ftr-433	1525	52	gross	gross	ADJ
ftr-433	1525	53	income	income	NOUN
ftr-433	1525	54	and	and	CCONJ
ftr-433	1525	55	financially	financially	ADV
ftr-433	1525	56	insufficient	insufficient	ADJ
ftr-433	1525	57	cost	cost	NOUN
ftr-433	1525	58	recovery	recovery	NOUN
ftr-433	1525	59	.	.	PUNCT
ftr-433	1526	1	overall	overall	ADV
ftr-433	1526	2	,	,	PUNCT
ftr-433	1526	3	expensing	expensing	NOUN
ftr-433	1526	4	produces	produce	VERB
ftr-433	1526	5	financial	financial	ADJ
ftr-433	1526	6	results	result	NOUN
ftr-433	1526	7	that	that	PRON
ftr-433	1526	8	are	be	AUX
ftr-433	1526	9	completely	completely	ADV
ftr-433	1526	10	consistent	consistent	ADJ
ftr-433	1526	11	with	with	ADP
ftr-433	1526	12	the	the	DET
ftr-433	1526	13	underlying	underlying	ADJ
ftr-433	1526	14	financial	financial	ADJ
ftr-433	1526	15	characteristics	characteristic	NOUN
ftr-433	1526	16	and	and	CCONJ
ftr-433	1526	17	dynamics	dynamic	NOUN
ftr-433	1526	18	of	of	ADP
ftr-433	1526	19	an	an	DET
ftr-433	1526	20	investment	investment	NOUN
ftr-433	1526	21	.	.	PUNCT
ftr-433	1527	1	for	for	ADP
ftr-433	1527	2	example	example	NOUN
ftr-433	1527	3	,	,	PUNCT
ftr-433	1527	4	the	the	DET
ftr-433	1527	5	pre	pre	ADJ
ftr-433	1527	6	-	-	ADJ
ftr-433	1527	7	tax	tax	ADJ
ftr-433	1527	8	hurdle	hurdle	NOUN
ftr-433	1527	9	1rate	1rate	NUM
ftr-433	1527	10	of	of	ADP
ftr-433	1527	11	an	an	DET
ftr-433	1527	12	expensed	expensed	ADJ
ftr-433	1527	13	asset	asset	NOUN
ftr-433	1527	14	is	be	AUX
ftr-433	1527	15	d	d	PROPN
ftr-433	1527	16	,	,	PUNCT
ftr-433	1527	17	the	the	DET
ftr-433	1527	18	pre	pre	ADJ
ftr-433	1527	19	-	-	ADJ
ftr-433	1527	20	tax	tax	ADJ
ftr-433	1527	21	discount	discount	NOUN
ftr-433	1527	22	rate	rate	NOUN
ftr-433	1527	23	;	;	PUNCT
ftr-433	1527	24	and	and	CCONJ
ftr-433	1527	25	the	the	DET
ftr-433	1527	26	after	after	ADP
ftr-433	1527	27	-	-	PUNCT
ftr-433	1527	28	tax	tax	NOUN
ftr-433	1527	29	hurdle	hurdle	NOUN
ftr-433	1527	30	2	2	NUM
ftr-433	1527	31	,	,	PUNCT
ftr-433	1527	32	rate	rate	NOUN
ftr-433	1527	33	is	be	AUX
ftr-433	1527	34	d	d	NOUN
ftr-433	1527	35	the	the	DET
ftr-433	1527	36	after	after	ADP
ftr-433	1527	37	-	-	PUNCT
ftr-433	1527	38	tax	tax	NOUN
ftr-433	1527	39	discount	discount	NOUN
ftr-433	1527	40	rate	rate	NOUN
ftr-433	1527	41	.	.	PUNCT
ftr-433	1528	1	furthermore	furthermore	ADV
ftr-433	1528	2	,	,	PUNCT
ftr-433	1528	3	investment	investment	NOUN
ftr-433	1528	4	yield	yield	NOUN
ftr-433	1528	5	is	be	AUX
ftr-433	1528	6	taxed	tax	VERB
ftr-433	1528	7	proportionately	proportionately	ADV
ftr-433	1528	8	at	at	ADP
ftr-433	1528	9	all	all	DET
ftr-433	1528	10	yield	yield	NOUN
ftr-433	1528	11	rates	rate	NOUN
ftr-433	1528	12	,	,	PUNCT
ftr-433	1528	13	including	include	VERB
ftr-433	1528	14	the	the	DET
ftr-433	1528	15	extent	extent	NOUN
ftr-433	1528	16	to	to	PART
ftr-433	1528	17	which	which	PRON
ftr-433	1528	18	the	the	DET
ftr-433	1528	19	yield	yield	NOUN
ftr-433	1528	20	rate	rate	NOUN
ftr-433	1528	21	,	,	PUNCT
ftr-433	1528	22	y	y	PROPN
ftr-433	1528	23	,	,	PUNCT
ftr-433	1528	24	1	1	NUM
ftr-433	1528	25	.	.	PUNCT
ftr-433	1528	26	equals	equal	VERB
ftr-433	1528	27	the	the	DET
ftr-433	1528	28	pre	pre	ADJ
ftr-433	1528	29	-	-	ADJ
ftr-433	1528	30	tax	tax	ADJ
ftr-433	1528	31	discount	discount	NOUN
ftr-433	1528	32	rate	rate	NOUN
ftr-433	1528	33	,	,	PUNCT
ftr-433	1528	34	d	d	NOUN
ftr-433	1528	35	unlike	unlike	ADP
ftr-433	1528	36	investments	investment	NOUN
ftr-433	1528	37	subject	subject	ADJ
ftr-433	1528	38	to	to	ADP
ftr-433	1528	39	economic	economic	ADJ
ftr-433	1528	40	cost	cost	NOUN
ftr-433	1528	41	recovery	recovery	NOUN
ftr-433	1528	42	,	,	PUNCT
ftr-433	1528	43	there	there	PRON
ftr-433	1528	44	is	be	VERB
ftr-433	1528	45	no	no	DET
ftr-433	1528	46	yield	yield	NOUN
ftr-433	1528	47	rate	rate	NOUN
ftr-433	1528	48	threshold	threshold	NOUN
ftr-433	1528	49	equal	equal	ADJ
ftr-433	1528	50	to	to	ADP
ftr-433	1528	51	the	the	DET
ftr-433	1528	52	pre	pre	ADJ
ftr-433	1528	53	-	-	ADJ
ftr-433	1528	54	tax	tax	ADJ
ftr-433	1528	55	discount	discount	NOUN
ftr-433	1528	56	rate	rate	NOUN
ftr-433	1528	57	,	,	PUNCT
ftr-433	1528	58	below	below	ADP
ftr-433	1528	59	which	which	PRON
ftr-433	1528	60	all	all	DET
ftr-433	1528	61	financial	financial	ADJ
ftr-433	1528	62	income	income	NOUN
ftr-433	1528	63	is	be	AUX
ftr-433	1528	64	taxed	tax	VERB
ftr-433	1528	65	at	at	ADP
ftr-433	1528	66	a	a	DET
ftr-433	1528	67	100	100	NUM
ftr-433	1528	68	%	%	NOUN
ftr-433	1528	69	effective	effective	ADJ
ftr-433	1528	70	rate	rate	NOUN
ftr-433	1528	71	.	.	PUNCT
ftr-433	1529	1	as	as	ADP
ftr-433	1529	2	a	a	DET
ftr-433	1529	3	result	result	NOUN
ftr-433	1529	4	all	all	PRON
ftr-433	1529	5	realized	realize	VERB
ftr-433	1529	6	income	income	NOUN
ftr-433	1529	7	in	in	ADP
ftr-433	1529	8	excess	excess	NOUN
ftr-433	1529	9	of	of	ADP
ftr-433	1529	10	full	full	ADJ
ftr-433	1529	11	capital	capital	NOUN
ftr-433	1529	12	recovery	recovery	NOUN
ftr-433	1529	13	is	be	AUX
ftr-433	1529	14	taxed	tax	VERB
ftr-433	1529	15	proportionally	proportionally	ADV
ftr-433	1529	16	.	.	PUNCT
ftr-433	1530	1	the	the	DET
ftr-433	1530	2	major	major	ADJ
ftr-433	1530	3	structural	structural	ADJ
ftr-433	1530	4	criticism	criticism	NOUN
ftr-433	1530	5	of	of	ADP
ftr-433	1530	6	expensing	expense	VERB
ftr-433	1530	7	per	per	X
ftr-433	1530	8	se	se	X
ftr-433	1530	9	as	as	ADP
ftr-433	1530	10	a	a	DET
ftr-433	1530	11	cost	cost	NOUN
ftr-433	1530	12	recovery	recovery	NOUN
ftr-433	1530	13	method	method	NOUN
ftr-433	1530	14	in	in	ADP
ftr-433	1530	15	a	a	DET
ftr-433	1530	16	rbit	rbit	NOUN
ftr-433	1530	17	base	base	NOUN
ftr-433	1530	18	stems	stem	VERB
ftr-433	1530	19	from	from	ADP
ftr-433	1530	20	its	its	PRON
ftr-433	1530	21	ability	ability	NOUN
ftr-433	1530	22	to	to	PART
ftr-433	1530	23	shield	shield	VERB
ftr-433	1530	24	pre	pre	ADJ
ftr-433	1530	25	-	-	ADJ
ftr-433	1530	26	tax	tax	ADJ
ftr-433	1530	27	income	income	NOUN
ftr-433	1530	28	from	from	ADP
ftr-433	1530	29	tax	tax	NOUN
ftr-433	1530	30	and	and	CCONJ
ftr-433	1530	31	to	to	ADP
ftr-433	1530	32	that	that	DET
ftr-433	1530	33	extent	extent	NOUN
ftr-433	1530	34	cause	cause	VERB
ftr-433	1530	35	a	a	DET
ftr-433	1530	36	rbit	rbit	NOUN
ftr-433	1530	37	base	base	NOUN
ftr-433	1530	38	to	to	PART
ftr-433	1530	39	emulate	emulate	VERB
ftr-433	1530	40	a	a	DET
ftr-433	1530	41	cfit	cfit	NOUN
ftr-433	1530	42	base	base	NOUN
ftr-433	1530	43	,	,	PUNCT
ftr-433	1530	44	rather	rather	ADV
ftr-433	1530	45	than	than	ADP
ftr-433	1530	46	an	an	DET
ftr-433	1530	47	amit	amit	NOUN
ftr-433	1530	48	base	base	NOUN
ftr-433	1530	49	.	.	PUNCT
ftr-433	1531	1	this	this	DET
ftr-433	1531	2	emulation	emulation	NOUN
ftr-433	1531	3	includes	include	VERB
ftr-433	1531	4	what	what	PRON
ftr-433	1531	5	commentators	commentator	NOUN
ftr-433	1531	6	call	call	VERB
ftr-433	1531	7	the	the	DET
ftr-433	1531	8	economic	economic	ADJ
ftr-433	1531	9	2002	2002	NUM
ftr-433	1531	10	]	]	PUNCT
ftr-433	1531	11	normative	normative	ADJ
ftr-433	1531	12	capital	capital	NOUN
ftr-433	1531	13	cost	cost	NOUN
ftr-433	1531	14	recovery	recovery	NOUN
ftr-433	1531	15	543	543	NUM
ftr-433	1531	16	200	200	NUM
ftr-433	1531	17	.	.	PUNCT
ftr-433	1532	1	see	see	VERB
ftr-433	1532	2	supra	supra	PROPN
ftr-433	1532	3	note	note	PROPN
ftr-433	1532	4	170	170	NUM
ftr-433	1532	5	and	and	CCONJ
ftr-433	1532	6	accompanying	accompany	VERB
ftr-433	1532	7	text	text	NOUN
ftr-433	1532	8	.	.	PUNCT
ftr-433	1533	1	201	201	NUM
ftr-433	1533	2	.	.	PUNCT
ftr-433	1534	1	see	see	VERB
ftr-433	1534	2	discussion	discussion	NOUN
ftr-433	1534	3	supra	supra	PROPN
ftr-433	1534	4	part	part	PROPN
ftr-433	1534	5	vi.b.1	vi.b.1	PROPN
ftr-433	1534	6	.	.	PUNCT
ftr-433	1535	1	202	202	X
ftr-433	1535	2	.	.	PUNCT
ftr-433	1536	1	see	see	VERB
ftr-433	1536	2	discussion	discussion	NOUN
ftr-433	1536	3	supra	supra	PROPN
ftr-433	1536	4	part	part	PROPN
ftr-433	1536	5	iv.b	iv.b	PROPN
ftr-433	1536	6	.	.	PROPN
ftr-433	1536	7	203	203	NUM
ftr-433	1536	8	.	.	PUNCT
ftr-433	1537	1	i	i	PRON
ftr-433	1537	2	d.	d.	PROPN
ftr-433	1537	3	204	204	NUM
ftr-433	1537	4	.	.	PUNCT
ftr-433	1538	1	see	see	VERB
ftr-433	1538	2	supra	supra	PROPN
ftr-433	1538	3	note	note	VERB
ftr-433	1538	4	130	130	NUM
ftr-433	1538	5	and	and	CCONJ
ftr-433	1538	6	accompanying	accompany	VERB
ftr-433	1538	7	text	text	NOUN
ftr-433	1538	8	.	.	PUNCT
ftr-433	1539	1	and/or	and/or	CCONJ
ftr-433	1539	2	financial	financial	ADJ
ftr-433	1539	3	exemption	exemption	NOUN
ftr-433	1539	4	from	from	ADP
ftr-433	1539	5	tax	tax	NOUN
ftr-433	1539	6	of	of	ADP
ftr-433	1539	7	invested	invest	VERB
ftr-433	1539	8	earnings	earning	NOUN
ftr-433	1539	9	,	,	PUNCT
ftr-433	1539	10	and	and	CCONJ
ftr-433	1539	11	is	be	AUX
ftr-433	1539	12	explained200	explained200	PROPN
ftr-433	1539	13	through	through	ADP
ftr-433	1539	14	the	the	DET
ftr-433	1539	15	metaphor	metaphor	NOUN
ftr-433	1539	16	of	of	ADP
ftr-433	1539	17	a	a	DET
ftr-433	1539	18	taxpayer	taxpayer	NOUN
ftr-433	1539	19	-	-	PUNCT
ftr-433	1539	20	government	government	NOUN
ftr-433	1539	21	investment	investment	NOUN
ftr-433	1539	22	partnership	partnership	NOUN
ftr-433	1539	23	.	.	PUNCT
ftr-433	1540	1	as201	as201	PROPN
ftr-433	1540	2	discussed	discuss	VERB
ftr-433	1540	3	earlier	early	ADV
ftr-433	1540	4	,	,	PUNCT
ftr-433	1540	5	however	however	ADV
ftr-433	1540	6	,	,	PUNCT
ftr-433	1540	7	a	a	DET
ftr-433	1540	8	rbit	rbit	NOUN
ftr-433	1540	9	does	do	AUX
ftr-433	1540	10	not	not	PART
ftr-433	1540	11	exempt	exempt	VERB
ftr-433	1540	12	pre	pre	ADJ
ftr-433	1540	13	-	-	ADJ
ftr-433	1540	14	tax	tax	ADJ
ftr-433	1540	15	earnings	earning	NOUN
ftr-433	1540	16	from	from	ADP
ftr-433	1540	17	tax202	tax202	PROPN
ftr-433	1540	18	to	to	ADP
ftr-433	1540	19	the	the	DET
ftr-433	1540	20	extent	extent	NOUN
ftr-433	1540	21	that	that	SCONJ
ftr-433	1540	22	the	the	DET
ftr-433	1540	23	amount	amount	NOUN
ftr-433	1540	24	invested	invest	VERB
ftr-433	1540	25	does	do	AUX
ftr-433	1540	26	not	not	PART
ftr-433	1540	27	exceed	exceed	VERB
ftr-433	1540	28	the	the	DET
ftr-433	1540	29	natural	natural	ADJ
ftr-433	1540	30	rbit	rbit	NOUN
ftr-433	1540	31	base	base	NOUN
ftr-433	1540	32	capital	capital	NOUN
ftr-433	1540	33	formation	formation	NOUN
ftr-433	1540	34	threshold	threshold	NOUN
ftr-433	1540	35	.	.	PUNCT
ftr-433	1541	1	nor	nor	CCONJ
ftr-433	1541	2	does	do	AUX
ftr-433	1541	3	it	it	PRON
ftr-433	1541	4	emulate	emulate	VERB
ftr-433	1541	5	a	a	DET
ftr-433	1541	6	cfit	cfit	ADJ
ftr-433	1541	7	base	base	NOUN
ftr-433	1541	8	to	to	ADP
ftr-433	1541	9	the	the	DET
ftr-433	1541	10	extent	extent	NOUN
ftr-433	1541	11	that	that	SCONJ
ftr-433	1541	12	investment	investment	NOUN
ftr-433	1541	13	equals	equal	VERB
ftr-433	1541	14	(	(	PUNCT
ftr-433	1541	15	but	but	CCONJ
ftr-433	1541	16	does	do	AUX
ftr-433	1541	17	not	not	PART
ftr-433	1541	18	exceed	exceed	VERB
ftr-433	1541	19	)	)	PUNCT
ftr-433	1541	20	that	that	PRON
ftr-433	1541	21	threshold	threshold	NOUN
ftr-433	1541	22	.	.	PUNCT
ftr-433	1542	1	beyond	beyond	ADP
ftr-433	1542	2	that	that	DET
ftr-433	1542	3	point	point	NOUN
ftr-433	1542	4	,	,	PUNCT
ftr-433	1542	5	the	the	DET
ftr-433	1542	6	cfit	cfit	NOUN
ftr-433	1542	7	base	base	NOUN
ftr-433	1542	8	emulation	emulation	NOUN
ftr-433	1542	9	criticisms	criticism	NOUN
ftr-433	1542	10	are	be	AUX
ftr-433	1542	11	true	true	ADJ
ftr-433	1542	12	,	,	PUNCT
ftr-433	1542	13	but	but	CCONJ
ftr-433	1542	14	up	up	ADP
ftr-433	1542	15	to	to	ADP
ftr-433	1542	16	that	that	DET
ftr-433	1542	17	point	point	NOUN
ftr-433	1542	18	they	they	PRON
ftr-433	1542	19	are	be	AUX
ftr-433	1542	20	not.203	not.203	ADJ
ftr-433	1542	21	under	under	ADP
ftr-433	1542	22	these	these	DET
ftr-433	1542	23	circumstances	circumstance	NOUN
ftr-433	1542	24	,	,	PUNCT
ftr-433	1542	25	therefore	therefore	ADV
ftr-433	1542	26	,	,	PUNCT
ftr-433	1542	27	capital	capital	NOUN
ftr-433	1542	28	expensing	expensing	NOUN
ftr-433	1542	29	does	do	AUX
ftr-433	1542	30	not	not	PART
ftr-433	1542	31	violate	violate	VERB
ftr-433	1542	32	the	the	DET
ftr-433	1542	33	normative	normative	ADJ
ftr-433	1542	34	structural	structural	ADJ
ftr-433	1542	35	principle	principle	NOUN
ftr-433	1542	36	of	of	ADP
ftr-433	1542	37	a	a	DET
ftr-433	1542	38	rbit	rbit	NOUN
ftr-433	1542	39	base	base	NOUN
ftr-433	1542	40	that	that	PRON
ftr-433	1542	41	allows	allow	VERB
ftr-433	1542	42	cost	cost	NOUN
ftr-433	1542	43	recovery	recovery	NOUN
ftr-433	1542	44	deductions	deduction	NOUN
ftr-433	1542	45	only	only	ADV
ftr-433	1542	46	with	with	ADP
ftr-433	1542	47	respect	respect	NOUN
ftr-433	1542	48	to	to	ADP
ftr-433	1542	49	previously	previously	ADV
ftr-433	1542	50	-	-	PUNCT
ftr-433	1542	51	taxed	tax	VERB
ftr-433	1542	52	capital	capital	NOUN
ftr-433	1542	53	.	.	PUNCT
ftr-433	1543	1	it	it	PRON
ftr-433	1543	2	is	be	AUX
ftr-433	1543	3	important	important	ADJ
ftr-433	1543	4	to	to	PART
ftr-433	1543	5	distinguish	distinguish	VERB
ftr-433	1543	6	the	the	DET
ftr-433	1543	7	“	"	PUNCT
ftr-433	1543	8	pre	pre	ADJ
ftr-433	1543	9	-	-	ADJ
ftr-433	1543	10	tax	tax	ADJ
ftr-433	1543	11	dollar	dollar	NOUN
ftr-433	1543	12	”	"	PUNCT
ftr-433	1543	13	investment	investment	NOUN
ftr-433	1543	14	dynamics	dynamic	NOUN
ftr-433	1543	15	involved	involve	VERB
ftr-433	1543	16	in	in	ADP
ftr-433	1543	17	a	a	DET
ftr-433	1543	18	cfit	cfit	NOUN
ftr-433	1543	19	base	base	NOUN
ftr-433	1543	20	globally	globally	ADV
ftr-433	1543	21	(	(	PUNCT
ftr-433	1543	22	and	and	CCONJ
ftr-433	1543	23	a	a	DET
ftr-433	1543	24	rbit	rbit	NOUN
ftr-433	1543	25	base	base	NOUN
ftr-433	1543	26	partially	partially	ADV
ftr-433	1543	27	)	)	PUNCT
ftr-433	1543	28	on	on	ADP
ftr-433	1543	29	one	one	NUM
ftr-433	1543	30	hand	hand	NOUN
ftr-433	1543	31	,	,	PUNCT
ftr-433	1543	32	from	from	ADP
ftr-433	1543	33	the	the	DET
ftr-433	1543	34	“	"	PUNCT
ftr-433	1543	35	after	after	ADP
ftr-433	1543	36	-	-	PUNCT
ftr-433	1543	37	tax	tax	NOUN
ftr-433	1543	38	capital	capital	NOUN
ftr-433	1543	39	formation	formation	NOUN
ftr-433	1543	40	”	"	PUNCT
ftr-433	1543	41	dynamics	dynamic	NOUN
ftr-433	1543	42	involved	involve	VERB
ftr-433	1543	43	in	in	ADP
ftr-433	1543	44	a	a	DET
ftr-433	1543	45	rbit	rbit	NOUN
ftr-433	1543	46	base	base	NOUN
ftr-433	1543	47	that	that	PRON
ftr-433	1543	48	allows	allow	VERB
ftr-433	1543	49	only	only	ADV
ftr-433	1543	50	invested	invest	VERB
ftr-433	1543	51	capital	capital	NOUN
ftr-433	1543	52	to	to	PART
ftr-433	1543	53	be	be	AUX
ftr-433	1543	54	expensed	expense	VERB
ftr-433	1543	55	on	on	ADP
ftr-433	1543	56	the	the	DET
ftr-433	1543	57	other	other	ADJ
ftr-433	1543	58	.	.	PUNCT
ftr-433	1544	1	in	in	ADP
ftr-433	1544	2	a	a	DET
ftr-433	1544	3	cfit	cfit	NOUN
ftr-433	1544	4	base	base	NOUN
ftr-433	1544	5	,	,	PUNCT
ftr-433	1544	6	the	the	DET
ftr-433	1544	7	taxpayer	taxpayer	NOUN
ftr-433	1544	8	’s	’s	PART
ftr-433	1544	9	pre	pre	ADJ
ftr-433	1544	10	-	-	ADJ
ftr-433	1544	11	tax	tax	ADJ
ftr-433	1544	12	investment	investment	NOUN
ftr-433	1544	13	equals	equal	VERB
ftr-433	1544	14	investment	investment	NOUN
ftr-433	1544	15	,	,	PUNCT
ftr-433	1544	16	but	but	CCONJ
ftr-433	1544	17	her	her	PRON
ftr-433	1544	18	after	after	ADP
ftr-433	1544	19	-	-	PUNCT
ftr-433	1544	20	tax	tax	NOUN
ftr-433	1544	21	investment	investment	NOUN
ftr-433	1544	22	equals	equal	VERB
ftr-433	1544	23	investment	investment	NOUN
ftr-433	1544	24	x	x	SYM
ftr-433	1544	25	(	(	PUNCT
ftr-433	1544	26	1	1	NUM
ftr-433	1544	27	–	–	PUNCT
ftr-433	1544	28	t	t	NOUN
ftr-433	1544	29	)	)	PUNCT
ftr-433	1544	30	because	because	SCONJ
ftr-433	1544	31	the	the	DET
ftr-433	1544	32	investment	investment	NOUN
ftr-433	1544	33	offsets	offset	VERB
ftr-433	1544	34	pre	pre	ADJ
ftr-433	1544	35	-	-	ADJ
ftr-433	1544	36	tax	tax	ADJ
ftr-433	1544	37	dollars	dollar	NOUN
ftr-433	1544	38	.	.	PUNCT
ftr-433	1545	1	subsequently	subsequently	ADV
ftr-433	1545	2	,	,	PUNCT
ftr-433	1545	3	her	her	PRON
ftr-433	1545	4	after	after	ADP
ftr-433	1545	5	-	-	PUNCT
ftr-433	1545	6	tax	tax	NOUN
ftr-433	1545	7	return	return	NOUN
ftr-433	1545	8	on	on	ADP
ftr-433	1545	9	investment	investment	NOUN
ftr-433	1545	10	equals	equal	VERB
ftr-433	1545	11	(	(	PUNCT
ftr-433	1545	12	investment	investment	NOUN
ftr-433	1545	13	x	x	SYM
ftr-433	1545	14	y	y	NOUN
ftr-433	1545	15	)	)	PUNCT
ftr-433	1545	16	x	x	X
ftr-433	1546	1	(	(	PUNCT
ftr-433	1546	2	1	1	NUM
ftr-433	1546	3	–	–	PUNCT
ftr-433	1546	4	t	t	NOUN
ftr-433	1546	5	)	)	PUNCT
ftr-433	1546	6	.	.	PUNCT
ftr-433	1547	1	for	for	ADP
ftr-433	1547	2	example	example	NOUN
ftr-433	1547	3	,	,	PUNCT
ftr-433	1547	4	in	in	ADP
ftr-433	1547	5	the	the	DET
ftr-433	1547	6	cfit	cfit	NOUN
ftr-433	1547	7	base	base	NOUN
ftr-433	1547	8	investment	investment	NOUN
ftr-433	1547	9	shown	show	VERB
ftr-433	1547	10	in	in	ADP
ftr-433	1547	11	table	table	NOUN
ftr-433	1547	12	17	17	NUM
ftr-433	1547	13	,	,	PUNCT
ftr-433	1547	14	the	the	DET
ftr-433	1547	15	aftertax	aftertax	ADJ
ftr-433	1547	16	investment	investment	NOUN
ftr-433	1547	17	of	of	ADP
ftr-433	1547	18	$	$	SYM
ftr-433	1547	19	50	50	NUM
ftr-433	1547	20	produces	produce	VERB
ftr-433	1547	21	a	a	DET
ftr-433	1547	22	net	net	ADJ
ftr-433	1547	23	financial	financial	ADJ
ftr-433	1547	24	return	return	NOUN
ftr-433	1547	25	with	with	ADP
ftr-433	1547	26	a	a	DET
ftr-433	1547	27	net	net	ADJ
ftr-433	1547	28	after	after	ADP
ftr-433	1547	29	-	-	PUNCT
ftr-433	1547	30	tax	tax	NOUN
ftr-433	1547	31	present	present	ADJ
ftr-433	1547	32	value	value	NOUN
ftr-433	1547	33	of	of	ADP
ftr-433	1547	34	$	$	SYM
ftr-433	1547	35	5.93	5.93	NUM
ftr-433	1547	36	,	,	PUNCT
ftr-433	1547	37	which	which	PRON
ftr-433	1547	38	is	be	AUX
ftr-433	1547	39	approximately	approximately	ADV
ftr-433	1547	40	a	a	DET
ftr-433	1547	41	10	10	NUM
ftr-433	1547	42	%	%	NOUN
ftr-433	1547	43	return	return	NOUN
ftr-433	1547	44	on	on	ADP
ftr-433	1547	45	that	that	DET
ftr-433	1547	46	after	after	ADP
ftr-433	1547	47	-	-	PUNCT
ftr-433	1547	48	tax	tax	NOUN
ftr-433	1547	49	investment	investment	NOUN
ftr-433	1547	50	.	.	PUNCT
ftr-433	1548	1	literally	literally	ADV
ftr-433	1548	2	,	,	PUNCT
ftr-433	1548	3	the	the	DET
ftr-433	1548	4	tax	tax	NOUN
ftr-433	1548	5	has	have	AUX
ftr-433	1548	6	not	not	PART
ftr-433	1548	7	reduced	reduce	VERB
ftr-433	1548	8	the	the	DET
ftr-433	1548	9	return	return	NOUN
ftr-433	1548	10	on	on	ADP
ftr-433	1548	11	after	after	ADP
ftr-433	1548	12	-	-	PUNCT
ftr-433	1548	13	tax	tax	NOUN
ftr-433	1548	14	investment	investment	NOUN
ftr-433	1548	15	.	.	PUNCT
ftr-433	1549	1	on	on	ADP
ftr-433	1549	2	the	the	DET
ftr-433	1549	3	other	other	ADJ
ftr-433	1549	4	hand	hand	NOUN
ftr-433	1549	5	,	,	PUNCT
ftr-433	1549	6	because	because	SCONJ
ftr-433	1549	7	the	the	DET
ftr-433	1549	8	rbit	rbit	NOUN
ftr-433	1549	9	base	base	NOUN
ftr-433	1549	10	investments	investment	NOUN
ftr-433	1549	11	in	in	ADP
ftr-433	1549	12	our	our	PRON
ftr-433	1549	13	model	model	NOUN
ftr-433	1549	14	are	be	AUX
ftr-433	1549	15	already	already	ADV
ftr-433	1549	16	made	make	VERB
ftr-433	1549	17	with	with	ADP
ftr-433	1549	18	after	after	ADP
ftr-433	1549	19	-	-	PUNCT
ftr-433	1549	20	tax	tax	NOUN
ftr-433	1549	21	dollars	dollar	NOUN
ftr-433	1549	22	,	,	PUNCT
ftr-433	1549	23	a	a	DET
ftr-433	1549	24	true	true	ADJ
ftr-433	1549	25	cfit	cfit	NOUN
ftr-433	1549	26	-	-	PUNCT
ftr-433	1549	27	like	like	ADJ
ftr-433	1549	28	taxpayer	taxpayer	NOUN
ftr-433	1549	29	-	-	PUNCT
ftr-433	1549	30	government	government	NOUN
ftr-433	1549	31	partnership	partnership	NOUN
ftr-433	1549	32	is	be	AUX
ftr-433	1549	33	not	not	PART
ftr-433	1549	34	involved	involve	VERB
ftr-433	1549	35	.	.	PUNCT
ftr-433	1549	36	nor	nor	CCONJ
ftr-433	1549	37	are	be	AUX
ftr-433	1549	38	any	any	DET
ftr-433	1549	39	earnings	earning	NOUN
ftr-433	1549	40	shielded	shield	VERB
ftr-433	1549	41	from	from	ADP
ftr-433	1549	42	taxation	taxation	NOUN
ftr-433	1549	43	by	by	ADP
ftr-433	1549	44	virtue	virtue	NOUN
ftr-433	1549	45	of	of	ADP
ftr-433	1549	46	the	the	DET
ftr-433	1549	47	expensing	expense	VERB
ftr-433	1549	48	deduction	deduction	NOUN
ftr-433	1549	49	,	,	PUNCT
ftr-433	1549	50	either	either	CCONJ
ftr-433	1549	51	economically	economically	ADV
ftr-433	1549	52	or	or	CCONJ
ftr-433	1549	53	in	in	ADP
ftr-433	1549	54	financial	financial	ADJ
ftr-433	1549	55	terms.204	terms.204	PROPN
ftr-433	1549	56	instead	instead	ADV
ftr-433	1549	57	,	,	PUNCT
ftr-433	1549	58	structurally	structurally	ADV
ftr-433	1549	59	,	,	PUNCT
ftr-433	1549	60	the	the	DET
ftr-433	1549	61	transaction	transaction	NOUN
ftr-433	1549	62	resembles	resemble	VERB
ftr-433	1549	63	a	a	DET
ftr-433	1549	64	“	"	PUNCT
ftr-433	1549	65	tax	tax	NOUN
ftr-433	1549	66	margin	margin	NOUN
ftr-433	1549	67	loan	loan	NOUN
ftr-433	1549	68	”	"	PUNCT
ftr-433	1549	69	in	in	ADP
ftr-433	1549	70	which	which	PRON
ftr-433	1549	71	the	the	DET
ftr-433	1549	72	taxpayer	taxpayer	NOUN
ftr-433	1549	73	does	do	AUX
ftr-433	1549	74	not	not	PART
ftr-433	1549	75	need	need	VERB
ftr-433	1549	76	or	or	CCONJ
ftr-433	1549	77	use	use	VERB
ftr-433	1549	78	the	the	DET
ftr-433	1549	79	tax	tax	NOUN
ftr-433	1549	80	savings	saving	NOUN
ftr-433	1549	81	in	in	ADP
ftr-433	1549	82	order	order	NOUN
ftr-433	1549	83	to	to	PART
ftr-433	1549	84	make	make	VERB
ftr-433	1549	85	the	the	DET
ftr-433	1549	86	after	after	ADP
ftr-433	1549	87	-	-	PUNCT
ftr-433	1549	88	tax	tax	NOUN
ftr-433	1549	89	investment	investment	NOUN
ftr-433	1549	90	but	but	CCONJ
ftr-433	1549	91	implicitly	implicitly	ADV
ftr-433	1549	92	borrows	borrow	VERB
ftr-433	1549	93	(	(	PUNCT
ftr-433	1549	94	investment	investment	NOUN
ftr-433	1549	95	x	x	NOUN
ftr-433	1549	96	t	t	PROPN
ftr-433	1549	97	)	)	PUNCT
ftr-433	1549	98	from	from	ADP
ftr-433	1549	99	the	the	DET
ftr-433	1549	100	government	government	NOUN
ftr-433	1549	101	in	in	ADP
ftr-433	1549	102	the	the	DET
ftr-433	1549	103	form	form	NOUN
ftr-433	1549	104	of	of	ADP
ftr-433	1549	105	tax	tax	NOUN
ftr-433	1549	106	savings	saving	NOUN
ftr-433	1549	107	,	,	PUNCT
ftr-433	1549	108	repays	repay	VERB
ftr-433	1549	109	the	the	DET
ftr-433	1549	110	government	government	NOUN
ftr-433	1549	111	with	with	ADP
ftr-433	1549	112	(	(	PUNCT
ftr-433	1549	113	investment	investment	NOUN
ftr-433	1549	114	x	x	SYM
ftr-433	1549	115	y	y	NOUN
ftr-433	1549	116	)	)	PUNCT
ftr-433	1549	117	x	x	SYM
ftr-433	1549	118	t	t	PROPN
ftr-433	1549	119	,	,	PUNCT
ftr-433	1549	120	and	and	CCONJ
ftr-433	1549	121	keeps	keep	VERB
ftr-433	1549	122	(	(	PUNCT
ftr-433	1549	123	investment	investment	NOUN
ftr-433	1549	124	x	x	SYM
ftr-433	1549	125	y	y	NOUN
ftr-433	1549	126	)	)	PUNCT
ftr-433	1549	127	x	x	X
ftr-433	1550	1	(	(	PUNCT
ftr-433	1550	2	1	1	NUM
ftr-433	1550	3	–	–	PUNCT
ftr-433	1550	4	t	t	NOUN
ftr-433	1550	5	)	)	PUNCT
ftr-433	1550	6	for	for	ADP
ftr-433	1550	7	herself	herself	PRON
ftr-433	1550	8	.	.	PUNCT
ftr-433	1551	1	as	as	ADV
ftr-433	1551	2	long	long	ADV
ftr-433	1551	3	as	as	SCONJ
ftr-433	1551	4	the	the	DET
ftr-433	1551	5	amount	amount	NOUN
ftr-433	1551	6	of	of	ADP
ftr-433	1551	7	investment	investment	NOUN
ftr-433	1551	8	is	be	AUX
ftr-433	1551	9	below	below	ADP
ftr-433	1551	10	the	the	DET
ftr-433	1551	11	rbit	rbit	NOUN
ftr-433	1551	12	base	base	NOUN
ftr-433	1551	13	natural	natural	ADJ
ftr-433	1551	14	capital	capital	NOUN
ftr-433	1551	15	formation	formation	NOUN
ftr-433	1551	16	threshold	threshold	NOUN
ftr-433	1551	17	,	,	PUNCT
ftr-433	1551	18	the	the	DET
ftr-433	1551	19	taxpayer	taxpayer	NOUN
ftr-433	1551	20	’s	’s	PART
ftr-433	1551	21	aftertax	aftertax	ADJ
ftr-433	1551	22	economic	economic	ADJ
ftr-433	1551	23	investment	investment	NOUN
ftr-433	1551	24	still	still	ADV
ftr-433	1551	25	equals	equal	VERB
ftr-433	1551	26	investment	investment	NOUN
ftr-433	1551	27	(	(	PUNCT
ftr-433	1551	28	instead	instead	ADV
ftr-433	1551	29	of	of	ADP
ftr-433	1551	30	investment	investment	NOUN
ftr-433	1551	31	x	x	INTJ
ftr-433	1551	32	(	(	PUNCT
ftr-433	1551	33	1	1	NUM
ftr-433	1551	34	–	–	PUNCT
ftr-433	1551	35	t	t	NOUN
ftr-433	1551	36	)	)	PUNCT
ftr-433	1551	37	)	)	PUNCT
ftr-433	1551	38	,	,	PUNCT
ftr-433	1551	39	and	and	CCONJ
ftr-433	1551	40	the	the	DET
ftr-433	1551	41	taxpayer	taxpayer	NOUN
ftr-433	1551	42	’s	’s	PART
ftr-433	1551	43	after	after	ADP
ftr-433	1551	44	-	-	PUNCT
ftr-433	1551	45	tax	tax	NOUN
ftr-433	1551	46	return	return	NOUN
ftr-433	1551	47	equals	equal	VERB
ftr-433	1551	48	(	(	PUNCT
ftr-433	1551	49	investment	investment	NOUN
ftr-433	1551	50	x	x	SYM
ftr-433	1551	51	y	y	NOUN
ftr-433	1551	52	)	)	PUNCT
ftr-433	1551	53	x	x	X
ftr-433	1552	1	(	(	PUNCT
ftr-433	1552	2	1	1	NUM
ftr-433	1552	3	–	–	PUNCT
ftr-433	1552	4	t	t	PROPN
ftr-433	1552	5	)	)	PUNCT
ftr-433	1552	6	.	.	PUNCT
ftr-433	1553	1	therefore	therefore	ADV
ftr-433	1553	2	,	,	PUNCT
ftr-433	1553	3	for	for	ADP
ftr-433	1553	4	example	example	NOUN
ftr-433	1553	5	,	,	PUNCT
ftr-433	1553	6	an	an	DET
ftr-433	1553	7	after	after	ADP
ftr-433	1553	8	-	-	PUNCT
ftr-433	1553	9	tax	tax	NOUN
ftr-433	1553	10	dollar	dollar	NOUN
ftr-433	1553	11	investment	investment	NOUN
ftr-433	1553	12	of	of	ADP
ftr-433	1553	13	$	$	SYM
ftr-433	1553	14	100	100	NUM
ftr-433	1553	15	that	that	PRON
ftr-433	1553	16	is	be	AUX
ftr-433	1553	17	expensed	expense	VERB
ftr-433	1553	18	in	in	ADP
ftr-433	1553	19	a	a	DET
ftr-433	1553	20	rbit	rbit	NOUN
ftr-433	1553	21	base	base	NOUN
ftr-433	1553	22	produces	produce	VERB
ftr-433	1553	23	the	the	DET
ftr-433	1553	24	same	same	ADJ
ftr-433	1553	25	net	net	ADJ
ftr-433	1553	26	return	return	NOUN
ftr-433	1553	27	of	of	ADP
ftr-433	1553	28	$	$	SYM
ftr-433	1553	29	5.93	5.93	NUM
ftr-433	1553	30	after	after	ADP
ftr-433	1553	31	tax	tax	NOUN
ftr-433	1553	32	as	as	ADP
ftr-433	1553	33	a	a	DET
ftr-433	1553	34	cfit	cfit	NOUN
ftr-433	1553	35	base	base	NOUN
ftr-433	1553	36	after	after	ADP
ftr-433	1553	37	-	-	PUNCT
ftr-433	1553	38	tax	tax	NOUN
ftr-433	1553	39	investment	investment	NOUN
ftr-433	1553	40	of	of	ADP
ftr-433	1553	41	$	$	SYM
ftr-433	1553	42	50	50	NUM
ftr-433	1553	43	.	.	PUNCT
ftr-433	1554	1	that	that	SCONJ
ftr-433	1554	2	$	$	SYM
ftr-433	1554	3	5.93	5.93	NUM
ftr-433	1554	4	,	,	PUNCT
ftr-433	1554	5	however	however	ADV
ftr-433	1554	6	,	,	PUNCT
ftr-433	1554	7	represents	represent	VERB
ftr-433	1554	8	only	only	ADV
ftr-433	1554	9	the	the	DET
ftr-433	1554	10	correct	correct	ADJ
ftr-433	1554	11	net	net	ADJ
ftr-433	1554	12	5	5	NUM
ftr-433	1554	13	%	%	NOUN
ftr-433	1554	14	return	return	NOUN
ftr-433	1554	15	on	on	ADP
ftr-433	1554	16	the	the	DET
ftr-433	1554	17	rbit	rbit	NOUN
ftr-433	1554	18	base	base	NOUN
ftr-433	1554	19	investment	investment	NOUN
ftr-433	1554	20	of	of	ADP
ftr-433	1554	21	$	$	SYM
ftr-433	1554	22	100	100	NUM
ftr-433	1554	23	of	of	ADP
ftr-433	1554	24	after	after	ADP
ftr-433	1554	25	-	-	PUNCT
ftr-433	1554	26	tax	tax	NOUN
ftr-433	1554	27	capital	capital	NOUN
ftr-433	1554	28	.	.	PUNCT
ftr-433	1555	1	formulaically	formulaically	ADV
ftr-433	1555	2	:	:	PUNCT
ftr-433	1555	3	(	(	PUNCT
ftr-433	1555	4	investment	investment	NOUN
ftr-433	1555	5	x	x	SYM
ftr-433	1555	6	y	y	NOUN
ftr-433	1555	7	)	)	PUNCT
ftr-433	1555	8	x	x	X
ftr-433	1555	9	(	(	PUNCT
ftr-433	1555	10	1	1	NUM
ftr-433	1555	11	–	–	PUNCT
ftr-433	1555	12	t	t	NOUN
ftr-433	1555	13	)	)	PUNCT
ftr-433	1555	14	=	=	PUNCT
ftr-433	1555	15	(	(	PUNCT
ftr-433	1555	16	$	$	SYM
ftr-433	1555	17	100	100	NUM
ftr-433	1555	18	x	x	SYM
ftr-433	1555	19	10	10	NUM
ftr-433	1555	20	%	%	NOUN
ftr-433	1555	21	)	)	PUNCT
ftr-433	1555	22	x	x	X
ftr-433	1555	23	(	(	PUNCT
ftr-433	1555	24	1	1	NUM
ftr-433	1555	25	50	50	NUM
ftr-433	1555	26	%	%	NOUN
ftr-433	1555	27	)	)	PUNCT
ftr-433	1555	28	.	.	PUNCT
ftr-433	1556	1	544	544	NUM
ftr-433	1556	2	florida	florida	PROPN
ftr-433	1556	3	tax	tax	NOUN
ftr-433	1556	4	review	review	NOUN
ftr-433	1556	5	[	[	X
ftr-433	1556	6	vol	vol	NOUN
ftr-433	1556	7	.	.	NOUN
ftr-433	1556	8	5:7	5:7	NUM
ftr-433	1556	9	in	in	ADP
ftr-433	1556	10	addition	addition	NOUN
ftr-433	1556	11	to	to	ADP
ftr-433	1556	12	being	be	AUX
ftr-433	1556	13	consistent	consistent	ADJ
ftr-433	1556	14	with	with	ADP
ftr-433	1556	15	its	its	PRON
ftr-433	1556	16	structural	structural	ADJ
ftr-433	1556	17	norms	norm	NOUN
ftr-433	1556	18	and	and	CCONJ
ftr-433	1556	19	distinguishable	distinguishable	ADJ
ftr-433	1556	20	from	from	ADP
ftr-433	1556	21	a	a	DET
ftr-433	1556	22	cfit	cfit	NOUN
ftr-433	1556	23	base	base	NOUN
ftr-433	1556	24	,	,	PUNCT
ftr-433	1556	25	a	a	DET
ftr-433	1556	26	rbit	rbit	NOUN
ftr-433	1556	27	base	base	NOUN
ftr-433	1556	28	that	that	PRON
ftr-433	1556	29	allows	allow	VERB
ftr-433	1556	30	capital	capital	NOUN
ftr-433	1556	31	expensing	expensing	NOUN
ftr-433	1556	32	produces	produce	VERB
ftr-433	1556	33	financially	financially	ADV
ftr-433	1556	34	correct	correct	ADJ
ftr-433	1556	35	results	result	NOUN
ftr-433	1556	36	that	that	PRON
ftr-433	1556	37	are	be	AUX
ftr-433	1556	38	distinguishable	distinguishable	ADJ
ftr-433	1556	39	from	from	ADP
ftr-433	1556	40	an	an	DET
ftr-433	1556	41	amit	amit	NOUN
ftr-433	1556	42	base	base	NOUN
ftr-433	1556	43	.	.	PUNCT
ftr-433	1557	1	the	the	DET
ftr-433	1557	2	same	same	ADJ
ftr-433	1557	3	net	net	ADJ
ftr-433	1557	4	after	after	ADP
ftr-433	1557	5	-	-	PUNCT
ftr-433	1557	6	tax	tax	NOUN
ftr-433	1557	7	financial	financial	ADJ
ftr-433	1557	8	return	return	NOUN
ftr-433	1557	9	of	of	ADP
ftr-433	1557	10	$	$	SYM
ftr-433	1557	11	5.93	5.93	NUM
ftr-433	1557	12	that	that	PRON
ftr-433	1557	13	is	be	AUX
ftr-433	1557	14	structurally	structurally	ADV
ftr-433	1557	15	consistent	consistent	ADJ
ftr-433	1557	16	with	with	ADP
ftr-433	1557	17	a	a	DET
ftr-433	1557	18	normative	normative	ADJ
ftr-433	1557	19	rbit	rbit	NOUN
ftr-433	1557	20	base	base	NOUN
ftr-433	1557	21	also	also	ADV
ftr-433	1557	22	provides	provide	VERB
ftr-433	1557	23	a	a	DET
ftr-433	1557	24	financial	financial	ADJ
ftr-433	1557	25	result	result	NOUN
ftr-433	1557	26	that	that	PRON
ftr-433	1557	27	is	be	AUX
ftr-433	1557	28	correct	correct	ADJ
ftr-433	1557	29	from	from	ADP
ftr-433	1557	30	a	a	DET
ftr-433	1557	31	normative	normative	ADJ
ftr-433	1557	32	tax	tax	NOUN
ftr-433	1557	33	base	base	NOUN
ftr-433	1557	34	accounting	accounting	NOUN
ftr-433	1557	35	perspective	perspective	NOUN
ftr-433	1557	36	.	.	PUNCT
ftr-433	1558	1	as	as	SCONJ
ftr-433	1558	2	we	we	PRON
ftr-433	1558	3	learned	learn	VERB
ftr-433	1558	4	earlier	early	ADV
ftr-433	1558	5	,	,	PUNCT
ftr-433	1558	6	economic	economic	ADJ
ftr-433	1558	7	1cost	1cost	NUM
ftr-433	1558	8	recovery	recovery	NOUN
ftr-433	1558	9	creates	create	VERB
ftr-433	1558	10	such	such	DET
ftr-433	1558	11	a	a	DET
ftr-433	1558	12	high	high	ADJ
ftr-433	1558	13	hurdle	hurdle	NOUN
ftr-433	1558	14	rate	rate	NOUN
ftr-433	1558	15	that	that	PRON
ftr-433	1558	16	yield	yield	VERB
ftr-433	1558	17	to	to	ADP
ftr-433	1558	18	the	the	DET
ftr-433	1558	19	extent	extent	NOUN
ftr-433	1558	20	of	of	ADP
ftr-433	1558	21	d	d	PROPN
ftr-433	1558	22	is	be	AUX
ftr-433	1558	23	subject	subject	ADJ
ftr-433	1558	24	to	to	ADP
ftr-433	1558	25	a	a	DET
ftr-433	1558	26	100	100	NUM
ftr-433	1558	27	%	%	NOUN
ftr-433	1558	28	effective	effective	ADJ
ftr-433	1558	29	tax	tax	NOUN
ftr-433	1558	30	rate	rate	NOUN
ftr-433	1558	31	as	as	SCONJ
ftr-433	1558	32	measured	measure	VERB
ftr-433	1558	33	by	by	ADP
ftr-433	1558	34	npv	npv	PROPN
ftr-433	1558	35	etr	etr	PROPN
ftr-433	1558	36	.	.	PUNCT
ftr-433	1559	1	the	the	DET
ftr-433	1559	2	result	result	NOUN
ftr-433	1559	3	is	be	AUX
ftr-433	1559	4	an	an	DET
ftr-433	1559	5	2investment	2investment	NUM
ftr-433	1559	6	with	with	ADP
ftr-433	1559	7	a	a	DET
ftr-433	1559	8	npv	npv	NOUN
ftr-433	1559	9	of	of	ADP
ftr-433	1559	10	zero	zero	NUM
ftr-433	1559	11	,	,	PUNCT
ftr-433	1559	12	although	although	SCONJ
ftr-433	1559	13	it	it	PRON
ftr-433	1559	14	produces	produce	VERB
ftr-433	1559	15	a	a	DET
ftr-433	1559	16	10	10	NUM
ftr-433	1559	17	%	%	NOUN
ftr-433	1559	18	yield	yield	NOUN
ftr-433	1559	19	rate	rate	NOUN
ftr-433	1559	20	.	.	PUNCT
ftr-433	1560	1	this	this	PRON
ftr-433	1560	2	is	be	AUX
ftr-433	1560	3	not	not	PART
ftr-433	1560	4	the	the	DET
ftr-433	1560	5	case	case	NOUN
ftr-433	1560	6	where	where	SCONJ
ftr-433	1560	7	asset	asset	NOUN
ftr-433	1560	8	cost	cost	NOUN
ftr-433	1560	9	is	be	AUX
ftr-433	1560	10	expensed	expense	VERB
ftr-433	1560	11	because	because	SCONJ
ftr-433	1560	12	the	the	DET
ftr-433	1560	13	taxpayer	taxpayer	NOUN
ftr-433	1560	14	hurdle	hurdle	NOUN
ftr-433	1560	15	rates	rate	NOUN
ftr-433	1560	16	equal	equal	VERB
ftr-433	1560	17	the	the	DET
ftr-433	1560	18	discount	discount	NOUN
ftr-433	1560	19	rates	rate	NOUN
ftr-433	1560	20	.	.	PUNCT
ftr-433	1561	1	as	as	ADP
ftr-433	1561	2	a	a	DET
ftr-433	1561	3	result	result	NOUN
ftr-433	1561	4	,	,	PUNCT
ftr-433	1561	5	an	an	DET
ftr-433	1561	6	expensed	expensed	ADJ
ftr-433	1561	7	asset	asset	NOUN
ftr-433	1561	8	in	in	ADP
ftr-433	1561	9	a	a	DET
ftr-433	1561	10	rbit	rbit	NOUN
ftr-433	1561	11	base	base	NOUN
ftr-433	1561	12	with	with	ADP
ftr-433	1561	13	a	a	DET
ftr-433	1561	14	10	10	NUM
ftr-433	1561	15	%	%	NOUN
ftr-433	1561	16	yield	yield	NOUN
ftr-433	1561	17	produces	produce	VERB
ftr-433	1561	18	a	a	DET
ftr-433	1561	19	financially	financially	ADV
ftr-433	1561	20	logical	logical	ADJ
ftr-433	1561	21	and	and	CCONJ
ftr-433	1561	22	consistent	consistent	ADJ
ftr-433	1561	23	result	result	NOUN
ftr-433	1561	24	(	(	PUNCT
ftr-433	1561	25	5	5	NUM
ftr-433	1561	26	%	%	NOUN
ftr-433	1561	27	net	net	ADJ
ftr-433	1561	28	financial	financial	ADJ
ftr-433	1561	29	return	return	NOUN
ftr-433	1561	30	after	after	ADP
ftr-433	1561	31	tax	tax	NOUN
ftr-433	1561	32	)	)	PUNCT
ftr-433	1561	33	that	that	PRON
ftr-433	1561	34	correctly	correctly	ADV
ftr-433	1561	35	measures	measure	VERB
ftr-433	1561	36	all	all	PRON
ftr-433	1561	37	realized	realize	VERB
ftr-433	1561	38	income	income	NOUN
ftr-433	1561	39	(	(	PUNCT
ftr-433	1561	40	rather	rather	ADV
ftr-433	1561	41	the	the	DET
ftr-433	1561	42	asset	asset	NOUN
ftr-433	1561	43	’s	’s	PART
ftr-433	1561	44	net	net	ADJ
ftr-433	1561	45	financial	financial	ADJ
ftr-433	1561	46	value	value	NOUN
ftr-433	1561	47	)	)	PUNCT
ftr-433	1561	48	and	and	CCONJ
ftr-433	1561	49	completely	completely	ADV
ftr-433	1561	50	returns	return	VERB
ftr-433	1561	51	the	the	DET
ftr-433	1561	52	initial	initial	ADJ
ftr-433	1561	53	amount	amount	NOUN
ftr-433	1561	54	of	of	ADP
ftr-433	1561	55	the	the	DET
ftr-433	1561	56	taxpayer	taxpayer	NOUN
ftr-433	1561	57	’s	’s	PART
ftr-433	1561	58	capital	capital	NOUN
ftr-433	1561	59	investment	investment	NOUN
ftr-433	1561	60	tax	tax	NOUN
ftr-433	1561	61	-	-	PUNCT
ftr-433	1561	62	free	free	ADJ
ftr-433	1561	63	as	as	ADP
ftr-433	1561	64	rbit	rbit	NOUN
ftr-433	1561	65	base	base	NOUN
ftr-433	1561	66	structure	structure	NOUN
ftr-433	1561	67	requires	require	VERB
ftr-433	1561	68	.	.	PUNCT
ftr-433	1562	1	viii	viii	PROPN
ftr-433	1562	2	.	.	PUNCT
ftr-433	1563	1	conclusion	conclusion	NOUN
ftr-433	1563	2	three	three	NUM
ftr-433	1563	3	major	major	ADJ
ftr-433	1563	4	structural	structural	ADJ
ftr-433	1563	5	and	and	CCONJ
ftr-433	1563	6	accounting	accounting	NOUN
ftr-433	1563	7	principles	principle	NOUN
ftr-433	1563	8	distinguish	distinguish	VERB
ftr-433	1563	9	capital	capital	NOUN
ftr-433	1563	10	income	income	NOUN
ftr-433	1563	11	taxation	taxation	NOUN
ftr-433	1563	12	in	in	ADP
ftr-433	1563	13	a	a	DET
ftr-433	1563	14	realization	realization	NOUN
ftr-433	1563	15	-	-	PUNCT
ftr-433	1563	16	based	base	VERB
ftr-433	1563	17	income	income	NOUN
ftr-433	1563	18	tax	tax	NOUN
ftr-433	1563	19	(	(	PUNCT
ftr-433	1563	20	rbit	rbit	NOUN
ftr-433	1563	21	)	)	PUNCT
ftr-433	1563	22	from	from	ADP
ftr-433	1563	23	its	its	PRON
ftr-433	1563	24	counterparts	counterpart	NOUN
ftr-433	1563	25	in	in	ADP
ftr-433	1563	26	either	either	CCONJ
ftr-433	1563	27	an	an	DET
ftr-433	1563	28	accretion	accretion	NOUN
ftr-433	1563	29	-	-	PUNCT
ftr-433	1563	30	measured	measure	VERB
ftr-433	1563	31	income	income	NOUN
ftr-433	1563	32	tax	tax	NOUN
ftr-433	1563	33	(	(	PUNCT
ftr-433	1563	34	amit	amit	PROPN
ftr-433	1563	35	)	)	PUNCT
ftr-433	1563	36	or	or	CCONJ
ftr-433	1563	37	a	a	DET
ftr-433	1563	38	cash	cash	NOUN
ftr-433	1563	39	flow	flow	NOUN
ftr-433	1563	40	income	income	NOUN
ftr-433	1563	41	tax	tax	NOUN
ftr-433	1563	42	(	(	PUNCT
ftr-433	1563	43	cfit	cfit	NOUN
ftr-433	1563	44	)	)	PUNCT
ftr-433	1563	45	.	.	PUNCT
ftr-433	1564	1	those	those	DET
ftr-433	1564	2	principles	principle	NOUN
ftr-433	1564	3	are	be	AUX
ftr-433	1564	4	capital	capital	NOUN
ftr-433	1564	5	formation	formation	NOUN
ftr-433	1564	6	,	,	PUNCT
ftr-433	1564	7	capital	capital	NOUN
ftr-433	1564	8	recovery	recovery	NOUN
ftr-433	1564	9	,	,	PUNCT
ftr-433	1564	10	and	and	CCONJ
ftr-433	1564	11	realization	realization	NOUN
ftr-433	1564	12	.	.	PUNCT
ftr-433	1565	1	at	at	ADP
ftr-433	1565	2	or	or	CCONJ
ftr-433	1565	3	below	below	ADP
ftr-433	1565	4	the	the	DET
ftr-433	1565	5	natural	natural	ADJ
ftr-433	1565	6	rbit	rbit	NOUN
ftr-433	1565	7	base	base	NOUN
ftr-433	1565	8	capital	capital	NOUN
ftr-433	1565	9	formation	formation	NOUN
ftr-433	1565	10	threshold	threshold	NOUN
ftr-433	1565	11	,	,	PUNCT
ftr-433	1565	12	all	all	DET
ftr-433	1565	13	cash	cash	NOUN
ftr-433	1565	14	-	-	PUNCT
ftr-433	1565	15	financed	finance	VERB
ftr-433	1565	16	investment	investment	NOUN
ftr-433	1565	17	is	be	AUX
ftr-433	1565	18	capital	capital	NOUN
ftr-433	1565	19	investment	investment	NOUN
ftr-433	1565	20	.	.	PUNCT
ftr-433	1566	1	when	when	SCONJ
ftr-433	1566	2	capital	capital	NOUN
ftr-433	1566	3	-	-	PUNCT
ftr-433	1566	4	financed	finance	VERB
ftr-433	1566	5	investment	investment	NOUN
ftr-433	1566	6	is	be	AUX
ftr-433	1566	7	made	make	VERB
ftr-433	1566	8	in	in	ADP
ftr-433	1566	9	assets	asset	NOUN
ftr-433	1566	10	that	that	PRON
ftr-433	1566	11	are	be	AUX
ftr-433	1566	12	short	short	ADV
ftr-433	1566	13	-	-	PUNCT
ftr-433	1566	14	lived	live	VERB
ftr-433	1566	15	,	,	PUNCT
ftr-433	1566	16	self	self	NOUN
ftr-433	1566	17	-	-	PUNCT
ftr-433	1566	18	exhausting	exhausting	ADJ
ftr-433	1566	19	,	,	PUNCT
ftr-433	1566	20	and	and	CCONJ
ftr-433	1566	21	likely	likely	ADJ
ftr-433	1566	22	to	to	PART
ftr-433	1566	23	be	be	AUX
ftr-433	1566	24	worthless	worthless	ADJ
ftr-433	1566	25	at	at	ADP
ftr-433	1566	26	the	the	DET
ftr-433	1566	27	end	end	NOUN
ftr-433	1566	28	of	of	ADP
ftr-433	1566	29	their	their	PRON
ftr-433	1566	30	useful	useful	ADJ
ftr-433	1566	31	lives	life	NOUN
ftr-433	1566	32	,	,	PUNCT
ftr-433	1566	33	the	the	DET
ftr-433	1566	34	capital	capital	NOUN
ftr-433	1566	35	formation	formation	NOUN
ftr-433	1566	36	principle	principle	NOUN
ftr-433	1566	37	is	be	AUX
ftr-433	1566	38	satisfied	satisfy	VERB
ftr-433	1566	39	by	by	ADP
ftr-433	1566	40	definition	definition	NOUN
ftr-433	1566	41	,	,	PUNCT
ftr-433	1566	42	and	and	CCONJ
ftr-433	1566	43	capital	capital	NOUN
ftr-433	1566	44	cost	cost	NOUN
ftr-433	1566	45	recovery	recovery	NOUN
ftr-433	1566	46	policy	policy	NOUN
ftr-433	1566	47	only	only	ADV
ftr-433	1566	48	requires	require	VERB
ftr-433	1566	49	consistency	consistency	NOUN
ftr-433	1566	50	with	with	ADP
ftr-433	1566	51	the	the	DET
ftr-433	1566	52	second	second	ADJ
ftr-433	1566	53	and	and	CCONJ
ftr-433	1566	54	third	third	ADJ
ftr-433	1566	55	principles	principle	NOUN
ftr-433	1566	56	.	.	PUNCT
ftr-433	1567	1	this	this	DET
ftr-433	1567	2	article	article	NOUN
ftr-433	1567	3	has	have	AUX
ftr-433	1567	4	shown	show	VERB
ftr-433	1567	5	that	that	SCONJ
ftr-433	1567	6	only	only	ADJ
ftr-433	1567	7	immediate	immediate	ADJ
ftr-433	1567	8	capital	capital	NOUN
ftr-433	1567	9	expensing	expensing	NOUN
ftr-433	1567	10	is	be	AUX
ftr-433	1567	11	completely	completely	ADV
ftr-433	1567	12	consistent	consistent	ADJ
ftr-433	1567	13	with	with	ADP
ftr-433	1567	14	those	those	DET
ftr-433	1567	15	principles	principle	NOUN
ftr-433	1567	16	.	.	PUNCT
ftr-433	1568	1	thus	thus	ADV
ftr-433	1568	2	,	,	PUNCT
ftr-433	1568	3	capital	capital	NOUN
ftr-433	1568	4	expensing	expensing	NOUN
ftr-433	1568	5	,	,	PUNCT
ftr-433	1568	6	not	not	PART
ftr-433	1568	7	economic	economic	ADJ
ftr-433	1568	8	depreciation	depreciation	NOUN
ftr-433	1568	9	,	,	PUNCT
ftr-433	1568	10	is	be	AUX
ftr-433	1568	11	the	the	DET
ftr-433	1568	12	normative	normative	ADJ
ftr-433	1568	13	capital	capital	NOUN
ftr-433	1568	14	cost	cost	NOUN
ftr-433	1568	15	recovery	recovery	NOUN
ftr-433	1568	16	method	method	NOUN
ftr-433	1568	17	for	for	ADP
ftr-433	1568	18	a	a	DET
ftr-433	1568	19	realization	realization	NOUN
ftr-433	1568	20	-	-	PUNCT
ftr-433	1568	21	based	base	VERB
ftr-433	1568	22	income	income	NOUN
ftr-433	1568	23	tax	tax	NOUN
ftr-433	1568	24	.	.	PUNCT
ftr-433	1569	1	if	if	SCONJ
ftr-433	1569	2	this	this	DET
ftr-433	1569	3	conclusion	conclusion	NOUN
ftr-433	1569	4	is	be	AUX
ftr-433	1569	5	correct	correct	ADJ
ftr-433	1569	6	,	,	PUNCT
ftr-433	1569	7	u.s	u.s	PROPN
ftr-433	1569	8	.	.	PROPN
ftr-433	1569	9	cost	cost	NOUN
ftr-433	1569	10	recovery	recovery	NOUN
ftr-433	1569	11	policy	policy	NOUN
ftr-433	1569	12	makers	maker	NOUN
ftr-433	1569	13	should	should	AUX
ftr-433	1569	14	take	take	VERB
ftr-433	1569	15	heed	heed	NOUN
ftr-433	1569	16	.	.	PUNCT
ftr-433	1570	1	the	the	DET
ftr-433	1570	2	quest	quest	NOUN
ftr-433	1570	3	to	to	PART
ftr-433	1570	4	implement	implement	VERB
ftr-433	1570	5	economic	economic	ADJ
ftr-433	1570	6	depreciation	depreciation	NOUN
ftr-433	1570	7	will	will	AUX
ftr-433	1570	8	not	not	PART
ftr-433	1570	9	convert	convert	VERB
ftr-433	1570	10	the	the	DET
ftr-433	1570	11	u.s	u.s	PROPN
ftr-433	1570	12	.	.	PROPN
ftr-433	1570	13	income	income	NOUN
ftr-433	1570	14	tax	tax	NOUN
ftr-433	1570	15	into	into	ADP
ftr-433	1570	16	a	a	DET
ftr-433	1570	17	true	true	ADJ
ftr-433	1570	18	amit	amit	NOUN
ftr-433	1570	19	but	but	CCONJ
ftr-433	1570	20	will	will	AUX
ftr-433	1570	21	create	create	VERB
ftr-433	1570	22	an	an	DET
ftr-433	1570	23	even	even	ADV
ftr-433	1570	24	more	more	ADV
ftr-433	1570	25	structurally	structurally	ADV
ftr-433	1570	26	inconsistent	inconsistent	ADJ
ftr-433	1570	27	tax	tax	NOUN
ftr-433	1570	28	base	base	NOUN
ftr-433	1570	29	that	that	PRON
ftr-433	1570	30	allows	allow	VERB
ftr-433	1570	31	capital	capital	NOUN
ftr-433	1570	32	formation	formation	NOUN
ftr-433	1570	33	but	but	CCONJ
ftr-433	1570	34	does	do	AUX
ftr-433	1570	35	not	not	PART
ftr-433	1570	36	allow	allow	VERB
ftr-433	1570	37	full	full	ADJ
ftr-433	1570	38	capital	capital	NOUN
ftr-433	1570	39	recovery	recovery	NOUN
ftr-433	1570	40	,	,	PUNCT
ftr-433	1570	41	while	while	SCONJ
ftr-433	1570	42	measuring	measure	VERB
ftr-433	1570	43	and	and	CCONJ
ftr-433	1570	44	taxing	tax	VERB
ftr-433	1570	45	a	a	DET
ftr-433	1570	46	mixture	mixture	NOUN
ftr-433	1570	47	of	of	ADP
ftr-433	1570	48	realized	realize	VERB
ftr-433	1570	49	and	and	CCONJ
ftr-433	1570	50	unrealized	unrealize	VERB
ftr-433	1570	51	net	net	ADJ
ftr-433	1570	52	income	income	NOUN
ftr-433	1570	53	.	.	PUNCT
ftr-433	1571	1	the	the	DET
ftr-433	1571	2	quest	quest	NOUN
ftr-433	1571	3	to	to	PART
ftr-433	1571	4	implement	implement	VERB
ftr-433	1571	5	unlimited	unlimited	ADJ
ftr-433	1571	6	expensing	expensing	NOUN
ftr-433	1571	7	is	be	AUX
ftr-433	1571	8	also	also	ADV
ftr-433	1571	9	structurally	structurally	ADV
ftr-433	1571	10	inconsistent	inconsistent	ADJ
ftr-433	1571	11	with	with	ADP
ftr-433	1571	12	a	a	DET
ftr-433	1571	13	rbit	rbit	NOUN
ftr-433	1571	14	base	base	NOUN
ftr-433	1571	15	.	.	PUNCT
ftr-433	1572	1	although	although	SCONJ
ftr-433	1572	2	it	it	PRON
ftr-433	1572	3	would	would	AUX
ftr-433	1572	4	ostensibly	ostensibly	ADV
ftr-433	1572	5	measure	measure	VERB
ftr-433	1572	6	and	and	CCONJ
ftr-433	1572	7	tax	tax	NOUN
ftr-433	1572	8	realized	realize	VERB
ftr-433	1572	9	income	income	NOUN
ftr-433	1572	10	,	,	PUNCT
ftr-433	1572	11	it	it	PRON
ftr-433	1572	12	would	would	AUX
ftr-433	1572	13	partially	partially	ADV
ftr-433	1572	14	prevent	prevent	VERB
ftr-433	1572	15	the	the	DET
ftr-433	1572	16	formation	formation	NOUN
ftr-433	1572	17	of	of	ADP
ftr-433	1572	18	true	true	ADJ
ftr-433	1572	19	capital	capital	NOUN
ftr-433	1572	20	and	and	CCONJ
ftr-433	1572	21	partially	partially	ADV
ftr-433	1572	22	allow	allow	VERB
ftr-433	1572	23	the	the	DET
ftr-433	1572	24	tax	tax	NOUN
ftr-433	1572	25	-	-	PUNCT
ftr-433	1572	26	free	free	ADJ
ftr-433	1572	27	recovery	recovery	NOUN
ftr-433	1572	28	of	of	ADP
ftr-433	1572	29	untaxed	untaxed	ADJ
ftr-433	1572	30	income	income	NOUN
ftr-433	1572	31	.	.	PUNCT
ftr-433	1573	1	it	it	PRON
ftr-433	1573	2	would	would	AUX
ftr-433	1573	3	not	not	PART
ftr-433	1573	4	completely	completely	ADV
ftr-433	1573	5	implement	implement	VERB
ftr-433	1573	6	a	a	DET
ftr-433	1573	7	consumption	consumption	NOUN
ftr-433	1573	8	tax	tax	NOUN
ftr-433	1573	9	base	base	NOUN
ftr-433	1573	10	,	,	PUNCT
ftr-433	1573	11	but	but	CCONJ
ftr-433	1573	12	it	it	PRON
ftr-433	1573	13	would	would	AUX
ftr-433	1573	14	preclude	preclude	VERB
ftr-433	1573	15	the	the	DET
ftr-433	1573	16	normative	normative	ADJ
ftr-433	1573	17	operation	operation	NOUN
ftr-433	1573	18	of	of	ADP
ftr-433	1573	19	the	the	DET
ftr-433	1573	20	rbit	rbit	NOUN
ftr-433	1573	21	base	base	NOUN
ftr-433	1573	22	currently	currently	ADV
ftr-433	1573	23	in	in	ADP
ftr-433	1573	24	place	place	NOUN
ftr-433	1573	25	.	.	PUNCT
ftr-433	1574	1	before	before	SCONJ
ftr-433	1574	2	policy	policy	NOUN
ftr-433	1574	3	makers	maker	NOUN
ftr-433	1574	4	implement	implement	VERB
ftr-433	1574	5	either	either	DET
ftr-433	1574	6	one	one	NUM
ftr-433	1574	7	of	of	ADP
ftr-433	1574	8	these	these	DET
ftr-433	1574	9	sets	set	NOUN
ftr-433	1574	10	of	of	ADP
ftr-433	1574	11	distortions	distortion	NOUN
ftr-433	1574	12	,	,	PUNCT
ftr-433	1574	13	the	the	DET
ftr-433	1574	14	assumption	assumption	NOUN
ftr-433	1574	15	that	that	SCONJ
ftr-433	1574	16	either	either	CCONJ
ftr-433	1574	17	amit	amit	PROPN
ftr-433	1574	18	or	or	CCONJ
ftr-433	1574	19	cfit	cfit	NOUN
ftr-433	1574	20	base	base	NOUN
ftr-433	1574	21	capital	capital	NOUN
ftr-433	1574	22	income	income	NOUN
ftr-433	1574	23	taxation	taxation	NOUN
ftr-433	1574	24	2002	2002	NUM
ftr-433	1574	25	]	]	PUNCT
ftr-433	1574	26	normative	normative	ADJ
ftr-433	1574	27	capital	capital	NOUN
ftr-433	1574	28	cost	cost	NOUN
ftr-433	1574	29	recovery	recovery	NOUN
ftr-433	1574	30	545	545	NUM
ftr-433	1574	31	principles	principle	NOUN
ftr-433	1574	32	are	be	AUX
ftr-433	1574	33	normative	normative	ADJ
ftr-433	1574	34	or	or	CCONJ
ftr-433	1574	35	optimal	optimal	ADJ
ftr-433	1574	36	for	for	ADP
ftr-433	1574	37	u.s	u.s	PROPN
ftr-433	1574	38	.	.	PROPN
ftr-433	1574	39	capital	capital	PROPN
ftr-433	1574	40	income	income	NOUN
ftr-433	1574	41	taxation	taxation	NOUN
ftr-433	1574	42	policy	policy	NOUN
ftr-433	1574	43	should	should	AUX
ftr-433	1574	44	be	be	AUX
ftr-433	1574	45	subjected	subject	VERB
ftr-433	1574	46	to	to	ADP
ftr-433	1574	47	further	far	ADV
ftr-433	1574	48	questioning	questioning	NOUN
ftr-433	1574	49	,	,	PUNCT
ftr-433	1574	50	and	and	CCONJ
ftr-433	1574	51	the	the	DET
ftr-433	1574	52	initial	initial	ADJ
ftr-433	1574	53	normative	normative	ADJ
ftr-433	1574	54	rbit	rbit	NOUN
ftr-433	1574	55	base	base	NOUN
ftr-433	1574	56	principles	principle	NOUN
ftr-433	1574	57	described	describe	VERB
ftr-433	1574	58	in	in	ADP
ftr-433	1574	59	this	this	DET
ftr-433	1574	60	article	article	NOUN
ftr-433	1574	61	should	should	AUX
ftr-433	1574	62	be	be	AUX
ftr-433	1574	63	fleshed	flesh	VERB
ftr-433	1574	64	out	out	ADP
ftr-433	1574	65	.	.	PUNCT
ftr-433	1575	1	some	some	PRON
ftr-433	1575	2	of	of	ADP
ftr-433	1575	3	the	the	DET
ftr-433	1575	4	questions	question	NOUN
ftr-433	1575	5	that	that	PRON
ftr-433	1575	6	should	should	AUX
ftr-433	1575	7	be	be	AUX
ftr-433	1575	8	asked	ask	VERB
ftr-433	1575	9	include	include	VERB
ftr-433	1575	10	:	:	PUNCT
ftr-433	1575	11	what	what	PRON
ftr-433	1575	12	is	be	AUX
ftr-433	1575	13	the	the	DET
ftr-433	1575	14	normative	normative	ADJ
ftr-433	1575	15	treatment	treatment	NOUN
ftr-433	1575	16	of	of	ADP
ftr-433	1575	17	non	non	ADJ
ftr-433	1575	18	-	-	ADJ
ftr-433	1575	19	capital	capital	ADJ
ftr-433	1575	20	financed	finance	VERB
ftr-433	1575	21	investment	investment	NOUN
ftr-433	1575	22	in	in	ADP
ftr-433	1575	23	a	a	DET
ftr-433	1575	24	rbit	rbit	NOUN
ftr-433	1575	25	base	base	NOUN
ftr-433	1575	26	?	?	PUNCT
ftr-433	1576	1	what	what	PRON
ftr-433	1576	2	is	be	AUX
ftr-433	1576	3	the	the	DET
ftr-433	1576	4	normative	normative	ADJ
ftr-433	1576	5	treatment	treatment	NOUN
ftr-433	1576	6	of	of	ADP
ftr-433	1576	7	nondepreciable	nondepreciable	ADJ
ftr-433	1576	8	or	or	CCONJ
ftr-433	1576	9	long	long	ADV
ftr-433	1576	10	-	-	PUNCT
ftr-433	1576	11	lived	live	VERB
ftr-433	1576	12	depreciable	depreciable	ADJ
ftr-433	1576	13	assets	asset	NOUN
ftr-433	1576	14	?	?	PUNCT
ftr-433	1577	1	what	what	PRON
ftr-433	1577	2	is	be	AUX
ftr-433	1577	3	the	the	DET
ftr-433	1577	4	normative	normative	ADJ
ftr-433	1577	5	treatment	treatment	NOUN
ftr-433	1577	6	of	of	ADP
ftr-433	1577	7	debt	debt	NOUN
ftr-433	1577	8	and	and	CCONJ
ftr-433	1577	9	debt	debt	NOUN
ftr-433	1577	10	-	-	PUNCT
ftr-433	1577	11	financed	finance	VERB
ftr-433	1577	12	assets	asset	NOUN
ftr-433	1577	13	in	in	ADP
ftr-433	1577	14	a	a	DET
ftr-433	1577	15	rbit	rbit	NOUN
ftr-433	1577	16	?	?	PUNCT
ftr-433	1578	1	and	and	CCONJ
ftr-433	1578	2	finally	finally	ADV
ftr-433	1578	3	,	,	PUNCT
ftr-433	1578	4	does	do	AUX
ftr-433	1578	5	the	the	DET
ftr-433	1578	6	normative	normative	ADJ
ftr-433	1578	7	treatment	treatment	NOUN
ftr-433	1578	8	of	of	ADP
ftr-433	1578	9	capital	capital	NOUN
ftr-433	1578	10	income	income	NOUN
ftr-433	1578	11	with	with	ADP
ftr-433	1578	12	respect	respect	NOUN
ftr-433	1578	13	to	to	ADP
ftr-433	1578	14	any	any	PRON
ftr-433	1578	15	or	or	CCONJ
ftr-433	1578	16	all	all	PRON
ftr-433	1578	17	of	of	ADP
ftr-433	1578	18	these	these	DET
ftr-433	1578	19	issues	issue	NOUN
ftr-433	1578	20	define	define	VERB
ftr-433	1578	21	the	the	DET
ftr-433	1578	22	optimal	optimal	ADJ
ftr-433	1578	23	tax	tax	NOUN
ftr-433	1578	24	policy	policy	NOUN
ftr-433	1578	25	with	with	ADP
ftr-433	1578	26	respect	respect	NOUN
ftr-433	1578	27	to	to	ADP
ftr-433	1578	28	these	these	DET
ftr-433	1578	29	issues	issue	NOUN
ftr-433	1578	30	for	for	ADP
ftr-433	1578	31	the	the	DET
ftr-433	1578	32	u.s	u.s	PROPN
ftr-433	1578	33	.	.	PROPN
ftr-433	1578	34	income	income	NOUN
ftr-433	1578	35	tax	tax	NOUN
ftr-433	1578	36	?	?	PUNCT
ftr-433	1579	1	this	this	DET
ftr-433	1579	2	article	article	NOUN
ftr-433	1579	3	has	have	AUX
ftr-433	1579	4	applied	apply	VERB
ftr-433	1579	5	a	a	DET
ftr-433	1579	6	limited	limited	ADJ
ftr-433	1579	7	range	range	NOUN
ftr-433	1579	8	of	of	ADP
ftr-433	1579	9	normative	normative	ADJ
ftr-433	1579	10	rbit	rbit	NOUN
ftr-433	1579	11	base	base	NOUN
ftr-433	1579	12	capital	capital	NOUN
ftr-433	1579	13	income	income	NOUN
ftr-433	1579	14	taxation	taxation	NOUN
ftr-433	1579	15	principles	principle	NOUN
ftr-433	1579	16	to	to	ADP
ftr-433	1579	17	one	one	NUM
ftr-433	1579	18	type	type	NOUN
ftr-433	1579	19	of	of	ADP
ftr-433	1579	20	capital	capital	NOUN
ftr-433	1579	21	income	income	NOUN
ftr-433	1579	22	in	in	ADP
ftr-433	1579	23	one	one	NUM
ftr-433	1579	24	particular	particular	ADJ
ftr-433	1579	25	economic	economic	ADJ
ftr-433	1579	26	context	context	NOUN
ftr-433	1579	27	,	,	PUNCT
ftr-433	1579	28	but	but	CCONJ
ftr-433	1579	29	hopefully	hopefully	ADV
ftr-433	1579	30	it	it	PRON
ftr-433	1579	31	has	have	AUX
ftr-433	1579	32	also	also	ADV
ftr-433	1579	33	suggested	suggest	VERB
ftr-433	1579	34	a	a	DET
ftr-433	1579	35	new	new	ADJ
ftr-433	1579	36	approach	approach	NOUN
ftr-433	1579	37	to	to	ADP
ftr-433	1579	38	resolving	resolve	VERB
ftr-433	1579	39	some	some	PRON
ftr-433	1579	40	or	or	CCONJ
ftr-433	1579	41	these	these	DET
ftr-433	1579	42	broader	broad	ADJ
ftr-433	1579	43	tax	tax	NOUN
ftr-433	1579	44	policy	policy	NOUN
ftr-433	1579	45	issues	issue	NOUN
ftr-433	1579	46	in	in	ADP
ftr-433	1579	47	the	the	DET
ftr-433	1579	48	future	future	NOUN
ftr-433	1579	49	.	.	PUNCT