What is the recovery period for the improvements

Reference no: EM13906380

1. If a taxpayer has owned a building for 10 years and decides that it should make significant improvements to the building, what is the recovery period for the improvements?

2. Compare and contrast the differences between computing depreciation expense for tangible personal property and depreciation expense for real property under both the regular tax and alternative tax systems.

Reference no: EM13906380

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