Question
Between 2018-2022 most small businesses will not use depreciation tables for newly acquired personal property (not real estate) due to the provisions of the TCJA.
Between 2018-2022 most small businesses will not use depreciation tables for newly acquired personal property (not real estate) due to the provisions of the TCJA. However, it is still very important that you know the terminology of tax depreciation and potentially how to apply it.
- What does MACRS stand for?
| M | A | CRS |
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- What is a more conventional name (that we use in non-tax courses) for the CRS phrase?
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- Explain what the CRS phrase means and why it means the same thing as the more conventional term?
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- Extra Credit (or to help you earn maximum points): Why is there an M in the expression? Why not just ACRS?
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Internal Revenue Service Status Of GAO Financial Audit And Related Financial Management Recommendations
Authors: Government Accountability Office
1st Edition
1492351571, 978-1492351573
