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Selective depreciation can boost bottom line

By: Tom Stevens Real Estate Views: 1705 | Comments: 2 | Votes: 1

Tom Stevens

Not all assets are created equal in the eyes of the Internal Revenue Service. Some assets purchased during construction of a new building (like light fixtures and lab equipment) have a shorter life span than the building itself -- carrying the potential for a greater tax deduction. And a new law passed by Congress allows additional savings until 2006. After Sept. 22, 2004. 1, 2006. More