Applicable convention
id:
applicable-convention-194-13874713
title:
Applicable convention
text:
An applicable convention, as presented in 26 U.S.C. § 168(d) of the United States Internal Revenue Code, is an assumption about when property is placed into service. It is used to determine when property depreciation begins. The purpose of applicable conventions is to simplify depreciation because they do not require a taxpayer to prove to the IRS when every piece of depreciable property was placed into service. There are three types of conventions. The first, the “half-year convention,” assumes
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Applicable_convention
date created:
date modified:
2024-03-26T02:00:34Z
main entity:
{"identifier":"Q4781458","url":"https://www.wikidata.org/entity/Q4781458"}
image:
fields total:
13
integrity:
13