Depreciable personal property definition
Depreciable personal property means the tangible property, other than locally assessed real property, of a public utility company that is subject to or should be subject to depreciation for federal income tax purposes. The term includes both locally assessed personal property (excluding inventory) and distributable property.
Depreciable personal property means all personal property that is used in a trade or business, used for the production of income, or held as an investment that should be or is subject to depreciation for federal income tax purposes, except to the extent that property is treated otherwise in this article.
Depreciable personal property means personal property to be located or installed at the BorgWarner Building, which includes manufacturing equipment as defined in Indiana Code
More Definitions of Depreciable personal property
Depreciable personal property means all tangible personal property that is used in a trade or business, used for the production of income, or held as an investment that should be or is subject to depreciation for federal income tax purposes.