THOUGHT LEADERSHIP/ALERTS
Bonus Depreciation—A Few More Things
Last month, I provided an overview of how bonus depreciation works, but as that article went to print, the Internal Revenue Service (IRS) announced in Revenue Procedure 2011-26 some of the technical rules that apply to the first year 50 percent and 100 percent depreciation methods. So, this month, we’ll discuss these new technical rules.
Originally published in the Novogradac Journal of Tax Credits. Reproduced by permission.
Last month, I provided an overview of how bonus depreciation works, but as that article went to print, the Internal Revenue Service (IRS) announced in Revenue Procedure 2011-26 some of the technical rules that apply to the first year 50 percent and 100 percent depreciation methods. So, this month, we’ll discuss these new technical rules.
Originally published in the Novogradac Journal of Tax Credits. Reproduced by permission.
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