3 ms·
Do not think that is correct. The original accelerated depreciation is simply not being renewed.
by andrewlgood 1y ago
Do not think that is correct. The original accelerated depreciation is simply not being renewed.
- twodave 1y agoIANAL, but the language of the bill seems to suggest GP was indeed correct: https://www.congress.gov/bill/118th-congress/house-bill/7024/text#H1312FC52A7C540A39BC68778312446EE https://www.congress.gov/bill/118th-congress/house-bill/7024... It seems they're going back to the system where one could choose to amortize those capital expenses, but not be required to.
- yrashk 1y agoseemingly only for domestic R&D