Solitary pixies tend to be bigger and if they are associated with houses or farms are often naked, hence the pixy clothes story. There is also a tendency, true of other fairy breeds too, for pixy to be equated or confused with Wil-Oâ-The-Wisp.
Section 179 depreciation deduction. Section 179 of the United States Internal Revenue Code (26 U.S.C. Â§ 179), allows a taxpayer to elect to deduct the cost of certain types of property on their income taxes as an expense, rather than requiring the cost of the property to be capitalized and depreciated.
At its core, depreciation is simple: You figure out how much the property is worth for tax purposes (the propertyâs basis), how long the IRS says you must depreciate it for (its Â­recovery period), and then you deduct a certain percentage of its basis each year during its recovery period.