2007 Personal and Industrial Property Valuation Guidelines ...

Add or improvements to prop: same method as related property. recovery period begins when place in svc or when prop affected by add, improvement was place in svc. Leasehold improvements: depreciate under §168 “Recovery Property,” §168(a) – 4 elements. Tangible. Placed in service after 1980. Of a character subject to the allowance for ... ................
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