TITLE

Supersize depreciation deductions in 2011

PUB. DATE
February 2011
SOURCE
Tax Strategist;Feb2011, Vol. 6 Issue 2, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on bonus depreciation for all size of business enterprises, which is a new extension under the 2010 Tax Relief Act. It states that a client could claim 100% bonus depreciation if he or she placed a qualified business property into service in 2011. It says that the client could write down the entire cost of qualified business property without limitations on the amount. It adds that there is no dollar cap on the amount of bonus depreciation deduction.
ACCESSION #
61334240

 

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