Cost Recovery 2013 (1)

Additionalfirstyearregimens predecessorversionsof179

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Unformatted text preview: residential rentals Various conventions – Assumptions like mid­year, full­month, etc. Additional first year regimens – Predecessor versions of § 179 ADR—Asset Depreciation Range (the early 1970’s) – Most manufacturing and transportation assets were listed and given guideline lives – So long as the life selected by an electing taxpayer for an asset was from 80% to 120% of the guideline life, it was acceptable. ACRS—1981­1986 ACRS—1981­1986 Part of the Economic Recovery Tax Act of 1981. Esta...
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This document was uploaded on 02/14/2014 for the course ACCOUNTING 322 at UCSD.

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