Section 199A allows a credit to be taken on the cost basis of assets. Section 199A does not allow the cost of an asset to be included that is in its last year of life and includes assets with 5 and 7 year lives to be included for 10 years.
We have worked with groupings to exclude assets acquired prior to 2009, land and any amortizable assets. What we need to accomplish is to be able to exclude any assets that are in their last year of depreciable life.
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