JOURNAL ARTICLE

Bonus depreciation phaseout planning.

  • Published In: Tax Adviser, 2024, v. 55, n. 10. P. 14 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Slezak, Caitlin; Abel, Michelle; Herndon, Kyle 3 of 3

Abstract

The article focuses on the need for taxpayers to reassess their fixed-asset accounting strategies due to the upcoming phaseout of bonus depreciation. Topics include the significance of placed-in-service dates, the importance of correctly identifying recovery periods for different asset classes, and the implications of categorizing expenditures as capital improvements versus repair expenses.

Additional Information

  • Source:Tax Adviser. 2024/10, Vol. 55, Issue 10, p14
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • ISSN:0039-9957
  • Accession Number:180053306

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