TANGIBLE PROPERTY REGS PROJECT Flashcards by mario Santiago | Brainscape

Q

Purpose of project

A

Conform to new rules of capitalization with help of Big 4 firm - KPMG

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Q

Interesting facet of new rules

A

Unit of Property

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Q

Safe Harbors

A

No need to capitalize if
- cost is < $2,500
- cost is for routine maintenance

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