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The Depreciation Story
Retirement of Depreciated Property
Property Subject to Rapid WriteOff
9 other sections not shown
adjusted ADR depreciation ADR election ADR System amortization apply this section asset depreciation period asset depreciation range asset guide asset guideline class asset guideline period assets placed basis vintage account computing depreciation corporation cost December 31 declining-balance method depreciation allowable depreciation reserve determined election to apply eligible property Example excluded addition expenditures extraordinary retirement full year's depreciation gain or loss gross salvage value half year's depreciation Includes assets item account January 12 land improvements machine Manufacture mass assets method of depreciation modified half-year convention multiple-asset account multiple-asset vintage account ordinary retirement paragraph placed in service Proc production property improvement purposes qualified property rehabilitation or improvement repair allowance percentage repair allowance property retired asset Revenue Procedure 62-21 second half section 1250 property special basis vintage special tools straight-line method subparagraph subsidiary assets supplies or scrap taxpayer elects trade or business transfer treated unit of property years-digits method