BUS 419 Chapter 10 Property Acquisiiton and Cost Recovery

Adjusted basis

Amortization

Bonus depreciation

Cost depletion

Cost recovery

Covenant not to compete

Depletion

Depreciation

Full-month convention

Half-year convention

Intangible assets

Listed property

Luxury automobile

Mid-month convention

Mid-quarter convention

Modified Accelerated Cost Recovery System (MACRS)

Organizational expenditures

Percentage depletion

Personal property

Real property

Recovery period

Research and experimentation (R&E) costs

179 expense

197 intangibles

Start-up costs

tax basis