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#2
08-12-2006, 12:17 PM
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 Re: Depreciation - disposal "KJ Nichols, CPA" <knichols[at]rfoods.com> wrote: - quote - > SMF wrote:
Assuming it was Half Year Convention> > Depreciated truck under S/L MACRS HY 5year - THis is last > > year and depreciation would be 7180. We sold it however, in > > June, - Do we take the whole depreciation in the year of > > disposition? > No. You take 1/2 year under MACRS. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
08-04-2006, 11:04 AM
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| Re: Depreciation - disposal SMF wrote: - quote - > Depreciated truck under S/L MACRS HY 5year - THis is last
No. You take 1/2 year under MACRS.> year and depreciation would be 7180. We sold it however, in > June, - Do we take the whole depreciation in the year of > disposition? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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08-04-2006, 11:04 AM
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| Re: Depreciation - disposal SMF <smfwdf[at]comcast.net> wrote: - quote - > Depreciated truck under S/L MACRS HY 5year - THis is last
Yes.> year and depreciation would be 7180. We sold it however, in > June, - Do we take the whole depreciation in the year of > disposition? __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
08-03-2006, 10:19 AM
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| Depreciation - disposal Depreciated truck under S/L MACRS HY 5year - THis is last year and depreciation would be 7180. We sold it however, in June, - Do we take the whole depreciation in the year of disposition? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| depreciation, disposal |
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