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Master™ Depreciation Guide From CCH Now Available
(RIVERWOODS, ILL., March 29, 1999)
Up-to-date tax practice requires knowledge of both
today's and yesterdays depreciation systems,
according to CCH INCORPORATED, a leading provider of tax
and business information. For tax and accounting
professionals who need to apply the complex depreciation
rules to a range of business situations, CCH offers a
one-stop resource in the 1999 U.S. Master Depreciation
The Guide pulls together the
rules that are applicable today from the maze of
depreciation-related Revenue Procedures, IRS Tables and
Treasury Regulations written over the span of many years.
The result is a clear, reliable summary and working
handbook for the three main systems currently in use: the
Modified Accelerated Cost Recovery System (MACRS)
introduced by the Tax Reform Act of 1986; the Accelerated
Cost Recovery System (ACRS) introduced by the Economic
Recovery Act of 1981; and the Asset Depreciation Range
(ADR) system, which dates back to 1971.
The 1999 U.S. Master Depreciation
Guide is revised to reflect the latest changes,
including those made by technical corrections contained
in the 1998 tax legislation, such as conforming AMT and
regular tax depreciation when the 150-percent declining
balance method is elected, clarification of depreciation
limitations on electric vehicles, 1998 luxury car
depreciation caps and lease inclusion table and IRS
clarifications to rules requiring capitalization of
package design costs.
The Guide lays out the
historical background of current depreciation systems and
depreciation fundamentals, but places greatest emphasis
on the application of principles to specific facts. A tax
planning division explains how to pick the best MACRS
method and recovery period and prepare for depreciation
recapture. Its treatment of the MACRS system also
includes 68 pages devoted to MACRS percentage tables.
Rules related to special topics such as automobiles and
expensing elections are set forth in detail.
Additional helpful assistance is
provided by appendices that include final, temporary and
proposed regulations relating to ACRS, MACRS, Code Sec.
179 expensing elections, Code Sec. 197 amortization of
intangibles, and Code Sec. 280F depreciation limitations
on listed property, including luxury vehicles. Detailed,
CCH-prepared depreciation decimal tables provide further
practical help to practitioners who need to compute
depreciation using pre-ACRS methods.
The 1999 U.S. Master Depreciation
Guide also includes a case table, official source
finding lists and a detailed table of contents and
topical indexes to help users quickly locate needed
information. A CCH-exclusive removable Quick Facts Card
provides convenient, at-a-glance reference to key
PRICING AND AVAILABILITY
Individuals, corporations and
institutions can order the 560-page CCH 1999 U.S.
Master Depreciation Guide by calling 1-800-248-3248.
Single copies are $41.95. Special quantity and school
adoption pricing is available.
About CCH INCORPORATED
CCH INCORPORATED, headquartered in
Riverwoods, Ill., was founded in 1913 and has served four
generations of business professionals and their clients.
The company produces more than 700 electronic and print
products for the tax, legal, securities, human resources,
health care and small business markets. CCH is a wholly
owned subsidiary of Wolters Kluwer U.S. The CCH web site
can be accessed at www.cch.com.
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EDITORS NOTE: For a complimentary
review copy of the 1999 U.S. Master
Depreciation Guide or a photo illustration,
contact: Leslie Bonacum at 847-267-7153 or firstname.lastname@example.org.