CARES Act: Depreciation
Learn how the CARES Act provides the proper recovery period the Tax Cuts and Jobs Act failed to reflect in the statutory text.
Learn how the CARES Act provides the proper recovery period the Tax Cuts and Jobs Act failed to reflect in the statutory text.
The CARES Act has provided a technical correction to the TCJA, and now specifically has designations for QIP. The article provides all the details you need.