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Code · Illinois · Chapter 815 — BUSINESS TRANSACTIONS · Act 636

Sec. 10.10. Average periodic depreciation.

45 words·~1 min read·/il/chapter-815/act-636/10-10

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Sec. 10.10. Average periodic depreciation. The difference between the adjusted capitalized cost and the residual value divided by the number of payment periods in the consumer lease, or, for a single payment lease, divided by the number of months in the term of the lease.
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