depreciable

Most importantly, the proposed regulations define previous use as having a "depreciable interest in the property at any time prior to such acquisition." That rule applies whether or not the taxpayer actually claimed deductions for depreciation.

If a taxpayer makes the election, in the case of a physical abandonment, the taxpayer recognizes a loss in the amount of the adjusted depreciable basis of the portion of the asset at the time of abandonment (Regs.

If depreciable property ([section]1245 property) is transferred, and only like-kind depreciable property is received in exchange, depreciation recapture (taxable ordinary gain) is generally not triggered.

When acquiring a depreciable structure, a taxpayer's goal is typically to "shorten" the time period during which cost recovery will occur for some or all of the total acquisition cost involved.

Estimated useful lives of depreciable hospital assets; rev.

In introducing this update of the 2004 reference on the useful service life of major depreciable hospital capital assets, an analyst with the American Hospital Association Health Data Management Group overviews the role such estimates play in strategic planning and managing capital assets, associated terms, factors influencing the financing of capital projects, and Medicare's depreciation rules.

Taxpayers who do not elect bonus depreciation may choose instead to deduct as much as $250,000 of the cost of otherwise depreciable property acquired and placed in service during 2008.

"For depreciable assets acquired on or after April 1, 2007," the Tax Bureau at the Ministry of Finance announced, "the final depreciable limit [95% of their acquisition costs to March 31, 2007] will be abolished." This will enable the assets to be depreciated to [yen] 1 at the end of their useful life.

In it's third quarter report, Reckson reported net income of $9.3 million, or diluted earnings per share (EPS) of $0.11 for the third quarter of 2006 including $2.1 million charge for the aforementioned compensation plan, as compared to $113.6 million, including $96.4 million related to gains on sales of depreciable real estate, or diluted EPS of $1.37 for the third quarter of 2005.

If so, the economic useful life of the unit of property is the depreciable life reflected on the applicable financial statement, unless the taxpayer can show by "clear and convincing evidence" that a shorter useful life is appropriate.

DOD, GSA, and NASA have issued a proposed rule to amend the FAR, by revising the cost principle regarding gains and losses on disposition or impairment of depreciable property or other capital assets.