How is excess depreciation on Section 1250 property calculated? Annual straight-line depreciation times the...
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Accounting
How is excess depreciation on Section 1250 property calculated?
Annual straight-line depreciation times the number of years the property was owned and used in business. Total depreciation claimed over the life of the property less straight-line depreciation on the property. The lesser of straight-line depreciation or double-declining balance depreciation. The lesser of the recognized gain or straight-line depreciation.
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