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Best Practices in Fixed Assets Management: A Resource Guide for Claiming Bonus Depreciation

Sponsored By BNA Software

Topics:: Accounting; Budgeting & Planning; Compliance & Governance

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Abstract:: Get your questions answered. This updated white paper includes additional important provisions created by The Tax Relief, Unemployment Insurance Re-authorization, and Job Creation Act of 2010 and Revenue Procedure 2011-26. When you look at the rules for bonus depreciation, you will see that what started out as a simple boost to depreciation has become more and more complex. There is no doubt as to its popularity as an economic incentive for businesses. Generally, the deduction is 50% of the asset's unadjusted depreciable basis and it reduces the asset�s basis on which other depreciation may then be claimed.

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Released: January 11, 2012

Length: 16 pages

Format: PDF (541 kb)

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