TITLE

Sale or rent equipment write-off limited

AUTHOR(S)
Battersby, Mark E.
PUB. DATE
November 2010
SOURCE
Proofs;Nov2010, Vol. 93 Issue 5, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article explains whether a dental equipment business can claim depreciation deductions or qualify for like-kind exchange treatment for equipment held for sale and designated as rental equipment under tax laws in the U.S. It discusses several U.S. Internal Revenue Service (IRS) rulings that govern depreciation and inventory. It highlights the depreciation deductions that a dental dealer can claim, and the tax laws that allows a dental manufacturer or dealer to disregard gains or losses on the exchange of business property.
ACCESSION #
60635691

 

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