Cost Recovery 2013 (1)

Amortization amortization

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Unformatted text preview: tax years: $1,875 More on Automobiles More on Automobiles One would generally not use § 179 with respect to an auto or light duty truck. – Why? Because any amounts in excess of the annual nts annual limits are carried to the end of the vehicle’s life. SUV exception­­$25,000 limit on § 179. – Calculate depreciation under MACRS – The annual deduction is limited to the amount from the table (so take the lesser) – Any excess is carried forward to the end of the assets MACRS life Realty Realty Two classes:...
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This document was uploaded on 02/14/2014 for the course ACCOUNTING 322 at UCSD.

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