Depreciation on leased medical instruments disallowed post-business closure; "used" includes ready-for-use status, allowing passive use.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Depreciation disallowed on medical instruments given on lease due to closure of business - The word 'used' would include actual use or at least keep ready for use - depreciation allowed treated as 'passive' user. - AT....


TaxTMI