Treasury Regulations (26 C.F.R.)
26 CFR § 1.168A-6
Depreciation of portion of emergency facility not subject to amortization.
# (a)
The rule that an amortization deduction with respect to an emergency facility is in lieu of any deduction for depreciation which would otherwise be allowable under section 167 is subject to the exception provided in section 168(f). Under this exception, if the property constituting such facility is depreciable property under section 167 and the regulations thereunder and if the adjusted basis of such facility as computed under section 1011 for purposes other than the amortization deductions is in excess of the adjusted basis computed for the purpose of the amortization deductions, then the excess shall be charged off over the useful life of the facility and recovered through depreciation deductions. Thus, if the construction of an emergency facility is begun on or before December 31, 1949, and completed after such date, no amortization deductions are allowable with respect to the amount attributable to such construction on or before such date (see § 1.168A-5). However, if the property constituting such facility is depreciable property under section 167 and the regulations thereunder, then the depreciation deduction provided by such section and regulations is allowable with respect to the amount attributable to such construction on or before December 31, 1949.
# (b)
Similarly, if only a portion of the construction, reconstruction, erection, installation, or acquisition after December 31, 1949, of an emergency facility has been certified by the certifying authority, and if such facility is depreciable property under section 167 and the regulations thereunder, then the depreciation deduction provided by such section and regulations is allowable with respect to the portion which has not been so certified.
# (c)
For illustration of the treatment of a depreciable portion of an emergency facility, see example (2) in paragraph (a)(6) of § 1.168A-5.
[T.D. 6500, 25 FR 11402, Nov. 26, 1960; 25 FR 14021, Dec. 21, 1960. Redesignated and amended by T.D. 8116, 51 FR 46619, Dec. 24, 1986]
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In this part (40 sections)
- 1.168(d)-1 · (d)-1 Applicable conventions—half-year and mid-quarter…
- 1.168(h)-1 · (h)-1 Like-kind exchanges involving tax-exempt use…
- 1.168(i)-0 · (i)-0 Table of contents for the general asset account…
- 1.168(i)-1 · (i)-1 General asset accounts.
- 1.168(i)-2 · (i)-2 Lease term.
- 1.168(i)-3 · (i)-3 Treatment of excess deferred income tax reserve upon…
- 1.168(i)-4 · (i)-4 Changes in use.
- 1.168(i)-5 · (i)-5 Table of contents.
- 1.168(i)-6 · (i)-6 Like-kind exchanges and involuntary conversions.
- 1.168(i)-7 · (i)-7 Accounting for MACRS property.
- 1.168(i)-8 · (i)-8 Dispositions of MACRS property.
- 1.168(j)-1T · (j)-1T Questions and answers concerning tax-exempt entity…
- 1.168(k)-0 · (k)-0 Table of contents.
- 1.168(k)-1 · (k)-1 Additional first year depreciation deduction.
- 1.168(k)-2 · (k)-2 Additional first year depreciation deduction for…
- 1.168A-1 · Amortization of emergency facilities; general rule.
- 1.168A-2 · Election of amortization.
- 1.168A-3 · Election to discontinue amortization.
- 1.168A-4 · Definitions.
- 1.168A-5 · Adjusted basis of emergency facility.
- 1.168A-6 · Depreciation of portion of emergency facility not subject to…
- 1.168A-7 · Payment by United States of unamortized cost of facility.
- 1.169-1 · Amortization of pollution control facilities.
- 1.169-2 · Definitions.
- 1.169-3 · Amortizable basis.
- 1.169-4 · Time and manner of making elections.
- 1.170-3 · Contributions or gifts by corporations (before amendment by…
- 1.170A-1 · Charitable, etc., contributions and gifts; allowance of…
- 1.170A-2 · Amounts paid to maintain certain students as members of the…
- 1.170A-3 · Reduction of charitable contribution for interest on certain…
- 1.170A-4 · Reduction in amount of charitable contributions of certain…
- 1.170A-4A · Special rule for the deduction of certain charitable…
- 1.170A-5 · Future interests in tangible personal property.
- 1.170A-6 · Charitable contributions in trust.
- 1.170A-7 · Contributions not in trust of partial interests in property.
- 1.170A-8 · Limitations on charitable deductions by individuals.
- 1.170A-9 · Definition of section 170(b)(1)(A) organization.
- 1.170A-10 · Charitable contributions carryovers of individuals.
- 1.170A-11 · Limitation on, and carryover of, contributions by…
- 1.170A-12 · Valuation of a remainder interest in real property for…