Cost Recovery 2013 (1)

G150dbandstraightline

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: RS for Personalty MACRS for Personalty Six classes – Class lives – Alternate lives (Generally the ADR lives) Method – For 3­, 5­, 7­, and 10­year property the maximum depreciation is found using 200% declining balance – For 15­ and 20­year property, 150% – Alternate methods are available (e.g., 150% DB and straight line – Switch to straight­line when it gives you a larger deduction Generally, a half­year convention applies (but a mid­quarter may be required) Section 179 Section 1...
View Full Document

Ask a homework question - tutors are online