Equipment. 1  Equipment qualifying as a capital asset is defined as a single item with an acquisition cost of $5,000 or more and has a useful life beyond one year. 2  Freight, import duties, handling and storage costs. 3  Specific in-transit insurance charges. 4  Sales, use and other taxes imposed on the purchase.
Greenback, Tennessee. Greenback is a city in Loudon County, Tennessee, United States. Its population was at 1,064, according to the 2010 census. It is included in the Knoxville Metropolitan Statistical Area.
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