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A property with a 20-year class life typically falls under the category of certain types of personal property, primarily in the context of tax depreciation. This includes assets like certain machinery, equipment, and specific types of improvements that do not fit into longer class life categories. The 20-year class life allows for accelerated depreciation, enabling businesses to recover costs more quickly for these assets. This classification is governed by the Modified Accelerated Cost Recovery System (MACRS) used in the United States.

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