Bonus depreciation eligibility computation rules.
The Tax Adviser › Vol. 33 Nbr. 7, July 2002
Linked as:
Extract
Bonus depreciation eligibility computation rules.
The Job Creation and Worker Assistance Act of 2002 (Act) provides an additional "bonus" depreciation allowance of 30% of the adjusted basis of qualified property, for the year in which the property is placed in service. This 30% is in addition to the usual annual depreciation allowance that applies to the remaining 70% of the property's adjusted basis (e.g., the first-year depreciation under Sec. 168, subject to the half-year convention (see Notices 2001-70 and 2001-74 for electing out of the mid-quarter convention)). The new bonus depreciation provision ...
See the full content of this document
Sponsored links
