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Sunday, February 03 2013

Depreciation provisions modified and extended. The following depreciation provisions are retroactively extended by the Act through 2014:

  • 15-year straight line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements;
  • increased expensing limitations (section 179) and treament of certain real property to $500,000
  • The 50% bonus depreciation provision for qualified property has been extended for 1 year for property placed in service after December 31, 2012
Posted by: WRP Tax & Financial AT 03:07 pm   |  Permalink   |  0 Comments  |  Email

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