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From: johnson@hplabs.UUCP (Mark Scott Johnson)
Newsgroups: net.taxes
Subject: Expensing capital equipment
Message-ID: <1772@hplabs.UUCP>
Date: Wed, 24-Aug-83 22:56:00 EDT
Article-I.D.: hplabs.1772
Posted: Wed Aug 24 22:56:00 1983
Date-Received: Thu, 25-Aug-83 21:21:54 EDT
Organization: Hewlett Packard Labs, Palo Alto CA
Lines: 13

Quoting from IRS Publication 553, "Highlights of 1982 Tax Changes",
page 7:

"Beginning in 1982, the total cost you may elect to expense cannot
exceed the following amounts: $5,000 for 1982 and 1983; $7,500 for
1984 and 1985; and $10,000 for 1986 and later."

If someone has some evidence that this schedule has been accelerated
to permit $10,000 in 1983, I would appreciate a pointer.


-- 
Mark Scott Johnson