Depreciable Asset

Depreciable Asset

Tangible personal property or real property used in business or held for the production of income with a determinable useful life of more than one year.
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2000-7, if a taxpayer disposes of a depreciable asset, the removal costs incurred are generally included in the disposed asset's basis.
If your company has a depreciable asset and you're thinking about selling, that will be subject to recaptured depreciation, consider holding off on the sale until after your 2013 corporate year-end, as long as it makes sense for your business.
The firms with higher depreciable asset book values have more opportunities to use changes in depreciation methods to manage earnings (Herrmann and Inoue, 1996).
The capitalized amount can be treated as a separate depreciable asset in the same, corresponding MACRS class.
1239 related party rules do not apply to make the gain ordinary because land is not a depreciable asset.
The basis of a depreciable asset is reduced by the amount of the residual value to arrive at the depreciable amount.
Whether a subscription list is a depreciable asset may seem an arcane subject to those who labor in the news, advertising and production departments, but this is an issue that goes to the heart of newspaper economics.
In general, this structure is not favorable to landlords because it creates taxable income without any cash and a depreciable asset with a 31.
The cost of a waste paper basket would be expensed and not carried as a depreciable asset because the amount was not material.
For example, consider the situation in which a taxpayer has a capital contribution and must determine whether receipt requires the taxpayer to recognize gross income, which creates basis in a depreciable asset, or whether the taxpayer does not have gross income and has no basis in a depreciable asset.
He included the deduction because he justifiably believed Conour had given the artwork as in kind compensation, not because he thought it qualified as a depreciable asset.