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Article: Depreciation of office furniture and fixtures - recoverable over five years?
- Article from:
- The Tax Adviser
- Article date:
- September 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 American Institute of CPA's. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sec. 167(a) allows as a depreciation deduction a reasonable allowance for the wear and tear of property used in a trade or business. Sec. 168(a) generally provides that the depreciation deduction under Sec. 167 for any tangible property shall be determined by using the applicable depreciation method, recovery period and convention for such property. Sec. 168(a) provides that the applicable recovery period for modified accelerated cost recovery system property is five years for "5-year property" and seven years for "7-year property." Property with a class life of more than four years but less than 10 years is treated as five-year property, property with a class life of 10 ...
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Article: Office Furniture Market Report 2008.
M2 Presswire;
July 23, 2008 ;
700+ words
... ... July 2008-Research and Markets: Office Furniture Market Report 2008(C)1994 ... researchandmarkets.com/research/274468/office_furniture_m) has announced the addition of the "Office Furniture Market Report 2008" report to their ...
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