johnson@hplabs.UUCP (Mark Scott Johnson) (08/25/83)
Quoting from IRS Publication 553, "Highlights of 1982 Tax Changes", page 7: "Beginning in 1982, the total cost you may elect to expense cannot exceed the following amounts: $5,000 for 1982 and 1983; $7,500 for 1984 and 1985; and $10,000 for 1986 and later." If someone has some evidence that this schedule has been accelerated to permit $10,000 in 1983, I would appreciate a pointer. -- Mark Scott Johnson