[net.taxes] Expensing capital equipment

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