October 2012
Beginner
784 pages
45h 24m
English
Content preview from J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 Tax Return
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42.11 Assets in Service Before 1987
Assets placed in service before 1987 were depreciated under a different recovery system called ACRS. Most of the assets have already been fully depreciated, although some assets, such as certain real estate placed in service before 1987, continue to be governed by these rules (42.15).
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