TITLE

It's Not What You Buy, It's When You Buy It

AUTHOR(S)
Daks, Martin C.
PUB. DATE
November 2005
SOURCE
njbiz;11/14/2005, Vol. 18 Issue 46, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the advantage of buying assets and putting it on service at the end of the year to companies that intend to depreciate their asset and reduce tax liability in the U.S. Rules posed by the Internal Revenue Service (IRS) code for the depreciation period of the assets; Maximum amount that companies could write off under the IRS section 179; Actions taken by the IRS to ensure that companies will not wait until the end of the year to make purchases.
ACCESSION #
18898078

 

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