Cost Recovery 2013 (1)

Whybecauseanyamounts in excess of the annual nts

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Unformatted text preview: reciation 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 Limits for Autos Purchased in 2011 Limits for Autos Purchased in 2011 In general – – – – First tax year: $3,160 Second tax year: $5,100 Third tax year: $3,050 All subsequent tax years: $1,875 If eligible for first year bonus depreciation – – – – First tax year: $11,160 Second tax year: $5,100 Third tax year: $3,050 All subsequent...
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This document was uploaded on 02/14/2014 for the course ACCOUNTING 322 at UCSD.

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