Cost recovery deductions

Chapter 9, property acquisition and cost recovery. Upon completion of this lesson, the successful participant will be able to: Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources; determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under MACRS;...

25p shiwo_ding8 29-06-2019 29 2   Download

(bq) part 2 book "taxation of individuals" has contents: business income, deductions, and accounting methods; property dispositions; property acquisition and cost recovery; retirement savings and deferred compensation; retirement savings and deferred compensation,...and other contents.

391p bautroibinhyen27 11-05-2017 43 5   Download

(bq) part 1 book "taxation for decision makers" has contents: an introduction to taxation, the tax practice environment, determining gross income, determining gross income, business expenses, property acquisitions and cost recovery deductions, property dispositions.

356p bautroibinhyen22 22-03-2017 53 8   Download

IntroductionFuture developments. For the latest information about developments related to Publication 946 such as legisla-tion enacted after this publication was published, go to www.irs.gov/pub946. This publication explains how you can recover the cost of business or income-producing property through deduc-tions for depreciation (for example, the special deprecia-tion allowance and deductions under the Modified Accel-erated Cost Recovery System (MACRS)).

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