licenses can be described in several equivalent ways.
The preceding rules deal with depreciating
the exchanged basis of the replacement property.
All well and good - but when the Mirror compiled its own list of best and worst depreciating
cars last year our findings generally coincided with the views of both CAP and Glass's.
The reality is it's hard to avoid not buying any depreciating
assets because many of them are essential to our survival.
They have no problem identifying these costs and depreciating
them as personal property.
Section 167(a) implies that "property" includes both tangible and intangible assets, but the regulations contain restrictive language on depreciating
(NGS), TC Memo 2001-277, the Tax Court held that a corporation failed to properly opt out of depreciating
its rental game equipment under the modified accelerated cost recovery system (MACRS).
This approach can have a particularly harsh, result, because X would effectively be depreciating
a portion of the basis (approximately $11,700,000 of the warehouse's original cost) over 52 years (39 + 13) rather than 31.5, an additional 20.5 years.
1033 involuntary conversion have new guidance for depreciating
the acquired property under Sec.
Little satisfaction is gained from depreciating
commercial real estate over 39 years; however, taxpayers acquiring such property may be able to get a greater tax advantage by depreciating
some parts of their purchase over a much shorter period.
731, the taxpayer "stepped into the shoes" of the partnership, to the extent of the partnership's basis in the property at the time of the distribution, and continued depreciating
the property as if the property had not been distributed.
197, added by the Omnibus Budget Reconciliation Act of 1993, provides a method for depreciating
and amortizing certain intangible assets, called "Sec.