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    • (1)

      Calculation of the Revised Amount. The revised depreciation limits provided in

this section 4.03 were calculated by increasing the existing limitations on the first year

allowance in Rev. Proc. 2010-18 by $8,000 as provided in § 168(k)(2)(F)(i).

(2) Amount of the Revised Limitation. For passenger automobiles (that are not

trucks or vans) placed in service by the taxpayer in calendar year 2010 for which the §

168(k) additional first year depreciation deduction applies, Table 7 of this revenue

procedure contains the revised dollar amount of the depreciation limitations for each

taxable year. For trucks or vans placed in service by the taxpayer in calendar year

2010 for which the § 168(k) additional first year depreciation deduction applies, Table 8

of this revenue procedure contains the revised dollar amount of the depreciation

limitations for each taxable year. If the § 168(k) additional first year depreciation

deduction does not apply to a passenger automobile placed in service by the taxpayer

in calendar year 2010, the depreciation limitations for each taxable year in Tables 1 and

2 of Rev. Proc. 2010-18 apply.

REV. PROC. 2011-21 TABLE 7

DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2010 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES

Tax Year

Amount

1st Tax Year

$11,060

2nd Tax Year

$ 4,900

3rd Tax Year

$ 2,950

Each Succeeding Year

$ 1,775

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