15-year recovery period for certain restaurant property.Before the enactment of the AJCA AJCA American Jobs Creation Act of 2004 (US) AJCA American Jersey Cattle Association AJCA Association of Juvenile Compact Administrators AJCA All Japan Cooks Association AJCA Alabama Junior Cattlemen’s Association , if a leasehold improvement Leasehold Improvement Improvements on a leased asset that increase the value of the asset. Notes: A leasehold improvement is classified as an asset that must be depreciated over time. constituted an addition or improvement to nonresidential real property already placed in service, the improvement had to be depreciated Depreciated may refer to:
straight-line method of depreciation over 39 years, under Sec. 168. New Law AJCA Section 211 requires that "qualified restaurant property" be depreciated using the straight-line method and a 15-year recovery period. Qualified restaurant property is defined as any improvement to a building if such improvement is placed in service more than three years after the date the building was first placed in service and more than 50% of the building's square footage is devoted to the preparation of, and seating for, on-premises consumption of prepared meals. Effective Date The provision is effective for property placed in service after Oct. 22, 2004. FROM JANE ROHRS, WASHINGTON, DC 
seospice (Member): Restaurant for sale in little rock and Business for sale in little rock 9/30/2010 2:51 AM
email : seo@spicewebs.in
url: todaylocalbusiness.com Comment : Property for sale in little rock, AR, USA visit www.todaylocalbusiness.com |
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