TITLE

SECTION 6. DEPRECIATION OR AMORTIZATION (§ 56(a)(1)

PUB. DATE
September 2008
SOURCE
Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p623
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the changes in methods of accounting for depreciation or amortization to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to a taxpayer who wants to change from an impermissible to a permissible method of accounting for amortization for any item of amortizable property. However, the change does not apply to any property to which section 1016(a)(3) applies and a taxpayer that is required under section 263A.
ACCESSION #
34390643

 

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