Old depreciation systems do not die--or even fade away very fast. Businesses
and the practitioners that serve them must operate with three coexisting
depreciation systems--Modified Accelerated Cost Recovery System (MACRS), the
Accelerated Cost Recovery System (ACRS) and the Treasury Department's Asset
Depreciation System (ADR).
CCH's U.S. Master Depreciation Guide offers tax and accounting
professionals who work with businesses a one-stop resource for guidance in
understanding and applying the complex depreciation rules to their fixed
assets. This area is especially challenging, because bits and pieces of
applicable information must be gathered from a maze of Revenue Procedures, IRS
Tables and IRS Regulations. These sources are frequently old and include some
materials which may be non-applicable. CCH's U.S. Master Depreciation Guide
pulls the pieces together, so practitioners can make sense of all the
corresponding information and put the information into practice. The
U.S. Master Depreciation Guide (2012) is now available in an eBook
format which you can download to your computer instantly.
The U.S. Master Depreciation Guide includes several useful "quick
reference tables." These include a list of trucks, SUVs, and vans that are
exempt from the luxury car caps because they weigh more than 6,000 pounds,
trucks with a bed-length under six feet which are subject to a $25,000 section
179 depreciation cap, a list of states that conform to the federal bonus
depreciation and section 179 expensing rules, and a comprehensive table of
assets and corresponding recovery periods with cross references to the
location of the related U.S. Master Depreciation Guide explanation.
Published annually, this new edition is completely updated to reflect all
depreciation rule changes through press time in December. A special Highlights
section provides a quick overview of any new legislation, cases, rulings, and
regulations occurring since last year's edition, with cross-references to the
explanation paragraph in which they are reflected.
Additional helpful assistance is provided by Appendices which include final,
temporary and proposed regulations relating to ACRS, MACRS, bonus
depreciation, the income forecast method, Code Sec. 179 expensing elections,
Code Sec. 197 amortization of intangibles, and Code Sec. 280F depreciation
limitations on listed property, including luxury vehicles, and CCH-prepared
depreciation decimal tables.
The U.S. Master Depreciation Guide also includes a Case Table, Official
Source Finding Lists that provide cross references to all cases and rulings
contained in the text of the Guide, and detailed Table of Contents and Topical
Indexes to help quickly locate needed information. It comes complete with the
CCH-exclusive Quick Facts Card for convenient, at-a-glance reference to key