depreciable life

depreciable life

See accelerated cost recovery system.

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References in periodicals archive ?
And land improvements--such as parking lots, sidewalks, fences and outdoor lighting--enjoy a 15-year depreciable life.
Cost segregation studies more valuable than ever before
This disposal accelerates depreciation via the abandonment of adjusted basis that otherwise would have had to be recognized over the remaining years of the asset's depreciable life.
Long-term tax benefits of the partial disposition election
The business may be able to recover the cost more or less quickly as a capitalized repair cost than as a startup cost depending on the depreciable life of the asset for which the business capitalizes the cost.
Startup costs: book vs. tax treatment: here's what practitioners need to know about the different treatment of these costs for financial accounting purposes and tax purposes
In a few situations, Revenue Procedure 87-56 will assign the land improvement to a different asset class requiring a shorter recovery period; thus, the business activity in which the taxpayer is engaged may have an effect upon the depreciable life of the improvement for the purposes of applying Revenue Procedure 87-56.
Cost recovery issues involving the acquisition of open-air and prefabricated structures
The standard depreciable life for commercial buildings is 39 years.
Reduce your income tax liabilities: two tax credit opportunities can reduce current and future income tax obligations
IREM strongly supports efforts to more accurately measure the depreciable life of buildings and to conform amortization periods of tenant improvements more closely to the term of the lease.
IREM supports leasehold improvements recovery period
The Tax Reform Act of 1986 increased the depreciable life of real estate to 31.
The cash benefits of cost segregation
If so, the economic useful life of the unit of property is the depreciable life reflected on the applicable financial statement, unless the taxpayer can show by "clear and convincing evidence" that a shorter useful life is appropriate.
An overview of the proposed "tangibles" regulations
IRS codes require a 39-year depreciable life for buildings.
Movable fixtures allow real estate tax flexibility. (NW Journal)
The innovations are expected to save more than 4 million gallons of water, 24 million cubic feet of natural gas and $1 million in operating costs over the 30-year depreciable life of the building.
College touts waterless urinals as eco-friendly
Unfortunately, the officials would rather let the shortage continue than allow some people a shorter depreciable life on a building, or to offset inflation by having lower capital gains tax rates.
PUBLIC FORUM SENSIBLE ALTERNATIVE
The 1981 act drastically shortened the depreciable life to 15 years for real estate purchased after 1980 and allowed accelerated depreciation for such property, regardless of its use or age.
Implications of the 1993 Tax Act for real estate investments

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