Cost Recovery 2013 (1)


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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...
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