TITLE

Depreciation after the 2003 Tax Act--Part 2

AUTHOR(S)
Cash, L. Stephen; Dickens, Thomas L.
PUB. DATE
November 2003
SOURCE
Strategic Finance;Nov2003, Vol. 85 Issue 5, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) in the United States. Small businesses are advised to expense the $100,000 amount of property that is allowed each year under general Code §179 for 2003, 2004, and 2005. Deductions from §179 and §168(k), which is a bonus depreciation, might be recaptured under §1245. JGTRRA will affect the cost of a luxury automobile.
ACCESSION #
11290912

 

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