answersLogoWhite

0

No they can't. You are required to use the straight line method, 15 years, for qualified leasehold improvement property. However, in 2008, such property is eligible for the 50% bonus depreciation.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

Can you destroy asphalt replaced in a leasehold improvement?

Leasehold improvements are covered in the Lease. More specifically what is allowed and what is not. As long as the Asphalt removal is allowed under the lease, disposal will be allowed or what must be done with it will be detailed.


How do you account for the money lessor gives for leasehold improvements?

your question d oes not relate with making an account / and i dont know the answer of your q, b-cause i m an student of above 13 and under 18, i have no acccount in bank.


What improvements did the Chinese make under Han rulers?

7ihkhlklh


Under which section donation is disallowed?

Under section 123 of donation act


What improvements to agriculture developed under the Han?

trade networksfor sowing


What does it mean if a seller owns a freehold interest in a property and an under leasehold interest?

freehold n. any interest in real property which is a life estate or of uncertain or undetermined duration (having no stated end), as distinguished from a leasehold which may have declining value toward the end of a long-term lease (such as the 99-year variety).


IPC under section 464?

IPC under Section 464 IT Act -Making a false document


Who is the Quality Assurance Section aligned under?

in the air force Who is the Quality Assurance Section aligned under


If the neutral axis of a reinforced section is above the critical section what is the section called?

Under Reinforced Section


Depreciation under annuity method?

this method is partyicularly applicableto those assets whose cost is heavy and life is long and fixed e.g. leasehold property, land & building etc


Can you change freehold to leasehold?

Change freehold to leasehold can be a difficult process. Leaseholders have a legal right under the Leasehold Reform Act 1967 to buy the freehold of their house if they meet certain qualifying criteria. Alternatively, it is possible to negotiate with the freeholder informally to buy the freehold by agreement.


What section of your resume includes your GPA?

education