INSIGHTS & IDEAS

Liberal Depreciation Rules Extended through December 31, 2010

Write-offs in excess of 50% can be taken for qualified assets placed in service before the end of the year.  In addition to the usual furniture, fixtures and equipment, a qualified property includes qualified lease holding improvement property, qualified restaurant property and qualified retail improvement property.  In order to be eligible the assets must be placed in service on or before December 31, 2010.