Treasury Regulations (26 C.F.R.)
26 CFR § 1.167(g)-1
Basis for depreciation.
Official textecfr.govlast amended
The basis upon which the allowance for depreciation is to be computed with respect to any property shall be the adjusted basis provided in section 1011 for the purpose of determining gain on the sale or other disposition of such property. In the case of property which has not been used in the trade or business or held for the production of income and which is thereafter converted to such use, the fair market value on the date of such conversion, if less than the adjusted basis of the property at that time, is the basis for computing depreciation.
[T.D. 6500, 25 FR 11402, Nov. 26, 1960. Redesignated, T.D. 6712, 29 FR 3653, Mar. 24, 1964]
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In this part (40 sections)
- 1.167(a)-5 · Apportionment of basis.
- 1.167(a)-5T · Application of section 1060 to section 167 (temporary).
- 1.167(a)-6 · Depreciation in special cases.
- 1.167(a)-7 · Accounting for depreciable property.
- 1.167(a)-8 · Retirements.
- 1.167(a)-9 · Obsolescence.
- 1.167(a)-10 · When depreciation deduction is allowable.
- 1.167(a)-11 · Depreciation based on class lives and asset depreciation…
- 1.167(a)-12 · Depreciation based on class lives for property first…
- 1.167(a)-13T · Certain elections for intangible property (temporary).
- 1.167(a)-14 · Treatment of certain intangible property excluded from…
- 1.167(b)-0 · Methods of computing depreciation.
- 1.167(b)-1 · Straight line method.
- 1.167(b)-2 · Declining balance method.
- 1.167(b)-3 · Sum of the years-digits method.
- 1.167(b)-4 · Other methods.
- 1.167(c)-1 · Limitations on methods of computing depreciation under…
- 1.167(d)-1 · Agreement as to useful life and rates of depreciation.
- 1.167(e)-1 · Change in method.
- 1.167(f)-1 · Reduction of salvage value taken into account for certain…
- 1.167(g)-1 · Basis for depreciation.
- 1.167(h)-1 · Life tenants and beneficiaries of trusts and estates.
- 1.167(i)-1 · Depreciation of improvements in the case of mines, etc.
- 1.167(l)-1 · Limitations on reasonable allowance in case of property of…
- 1.167(l)-2 · Public utility property; election as to post-1969 property…
- 1.167(l)-3 · Multiple regulation, asset acquisitions, reorganizations,…
- 1.167(l)-4 · Public utility property; election to use asset…
- 1.167(m)-1 · Class lives.
- 1.168-5 · Special rules.
- 1.168(a)-1 · Modified accelerated cost recovery system.
- 1.168(b)-1 · Definitions.
- 1.168(d)-0 · Table of contents for the applicable convention rules.
- 1.168(d)-1 · Applicable conventions—half-year and mid-quarter…
- 1.168(h)-1 · Like-kind exchanges involving tax-exempt use property.
- 1.168(i)-0 · Table of contents for the general asset account rules.
- 1.168(i)-1 · General asset accounts.
- 1.168(i)-2 · Lease term.
- 1.168(i)-3 · Treatment of excess deferred income tax reserve upon…
- 1.168(i)-4 · Changes in use.
- 1.168(i)-5 · Table of contents.