77-119 Depreciable tangible personal property, defined.

77-119. Depreciable tangible personal property, defined.Depreciable tangible personal property shall mean tangible personal property which is used in a trade or business or used for the production of income and which has a determinable life of longer than one year. SourceLaws 1992, LB 1063, § 48; Laws 1992, LB 719A, § 204.