Section 167

Section 167 (26 U.S.C. §167)

The Internal Revenue Code section that addresses depreciation deductions.To find the law's text,see the instructions at Section (federal code).

References in periodicals archive ?
Definition of qualified property The term qualified property is generally defined to mean, with respect to any qualified trade or business, tangible property of a character subject to depreciation under section 167 that is (i) held by and available for use in the qualified trade or business at the close of the taxable year, (ii) which is used at any point during the taxable year in the production of QBI, and (iii) the depreciable period for which has not ended before the close of the taxable year.
When an accused person who physically appears to be juvenile for the purpose of this Act is brought before a Court under section 167 of the Code, the Court before granting further detention shall record its findings regarding age on the basis of available record including the report submitted by the police or medical examination report by a medical officer, the draft bill said.
Glenn BaAaAaAeA~ez said that the policy was bas on Section 167 of the Local Government Code.
The Policy requires, among other things, advance notice to the Company in circumstances where nominations of persons for election to the board of directors are made by shareholders of the Company other than pursuant to: (i) a proposal made in accordance with Division 7 of the Business Corporations Act (British Columbia) (the Act ); or (ii) a requisition of the shareholders made in accordance with section 167 of the Act.
1239(a) provides that "in the case of a sale or exchange of property, directly or indirectly, between related persons, any gain recognized to the transferor shall be treated as ordinary income if such property is, in the hands of the transferee, of a character that is subject to the allowance for depreciation provided in section 167.
Daud Ali, of Wakehurst Place, Cardiff, and Sharif Ali, of Pioneer House, Adelaide Street, Coventry, both deny conspiracy to commit offences under Section 167 of the Customs and Excise Management 1979.
They both denyn conspiracyc to commit offences under Section 167 of the Customs and Excise Management Act 1979.
but section 167 allowed the amortization of both patents and copyrights.
School District of Clayton, (3) the Supreme Court of Missouri faced the novel issue of interpreting Missouri Revised Statues section 167.
He cited Section 167 (2) of the Criminal Procedure Code (CrPC), which states that a person cannot be kept in custody for more than 90 days without filing a chargesheet.
The petitioner said this constituted a case under Section 167 of the Indian Penal Code ( IPC) against the collector.
Under IRC [section] 132(a)(3), employees may exclude the fair market value of cell phone use from income as a "working condition" fringe benefit, but only to the extent that, if the employee had paid for the cell phone use, the payment would be deductible under section 162 (trade or business expenses) or section 167 (depreciable property).