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.Source Laws 1992, LB 1063, § 48; Laws 1992, LB 719A, § 204. Annotations Section 77-101 did not require the definition of '[d]epreciable tangible personal property' in this section to be used to define 'depreciable repairs or parts' in section 77-2708.01, because the term 'repairs' in section 77-2708.01 made the phrases contextually different. Farmers Co-op v. State, 296 Neb. 347, 893 N.W.2d 728 (2017).
Nebraska Legal Code