Determine whether the asset is personal property—essentially anything not attached to or associated with land. The mid-quarter convention applies to personal property. Choose a recovery period available under MACRS that is appropriate for the asset in question; three-, five-, seven-,10-, 15- an...
Internal Revenue Service (IRS) to issue regulations permitting certain taxpayers to elect not to use convention depreciation rules. Reason for the disruption of the timing of acquiring and placing property in service for many taxpayers; Provision under the Notice 2001-70 issued by the IRS; Kind ...
The general rule is that personal property is treated as placed in service or disposed of at the midpoint of the taxable year, resulting in a half-year of depreciation for the year in which the property is placed in service or disposed of. A mid-quarter convention applies if more than ...
During the quarter, 13.6% of expiring leases had been renewed with only 11.2% of leases left for renewal over the rest of FY2013. Positive rental reversions are expected as 1QFY2013 rentals of S$7.83/psf has recovered from a trough of S$7.39/psf in 2QFY2012 and the average rent of ...
Lagardère Travel Retail today posted an +18.7% (reported, +13.6% like-for-like) year-on-year increase in first-quarter 2024 revenue to €1,242 million. The difference between reported and like-for-like data is attribut...
The structure and content of the new treaty, a draft version of which has been very recently released, is mostly based on the OECD's current model tax convention. Ernst & Young Issue 04 T Magazine 5 News Credit: European Union 2011 M&A and competition policy EU Commissioner Joaquín ...