A bill to amend the Internal Revenue Code to provide allowance only of replacement cost straight line depreciation and other consistent methods of depreciation.
Capital Recovery Act - Amends the Internal Revenue Code to limit the methods available for the calculation of depreciation to the straight line method and any other method which during the first two-thirds of the useful life of the property will not result in any allowance greater than the total allowance under the straight line method.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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