Like financial accounting, most acquired business property must be capitalized for tax purposes.
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Q3: Tax cost recovery methods include depreciation, amortization,
Q4: In general, a taxpayer should select longer-lived
Q5: The mid-month convention applies to real property
Q6: If tangible personal property is depreciated using
Q11: Depreciation is currently computed under the Modified
Q12: The 200 percent or double declining balance
Q13: All taxpayers may use the §179 immediate
Q14: If a business mistakenly claims too little
Q15: If a taxpayer places only one asset
Q17: The §179 immediate expensing election phases out
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