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Fixed Asset Tips & Other Stuff

Quarterly eNews from Fixed Asset Consulting, LLC

New year, new look, and new information on fixed asset management topics with some fun thrown into a rather (or typically) boring subject.  We will bring this to you quarterly (unless you opt out... but then you would be missing out).  

What is WONT be full of: Sales and more sales.  We are in the business to share valuable and helpful information about all things fixed assets.  And should we bring a smile to your beautiful face, even better.

Keep Smiling - The Team @ FAC, LLC
(541) 338-7898 | (541) 221-3450 | info@fixedassetaccounting.com

Just so you know, we do create these ourselves.  A little play on words never hurt anyone.

Look out for a contest in next quarters issue that allows you to submit your play on words!
Revenue Procedure 2014-17
The IRS issued 2014-17 which covers some automatic consent procedures for changes in accounting method for dispositions of tangible depreciable property from a general asset account.  One of the provisions allows a late partial disposition election to be made as an accounting method change.  For example, if a buildings roof was replaced in an earlier year, as long as the building is still owned, the taxpayer may now recover the costs of the disposition.
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