What is asset disposition? How does it help your business?
The release of IRS property regulation of September 2013 has changed the assets were handled. Initially, the demolished assets had to be carried to client’s book till the full cost is recovered. But now, however, the value of the removed assets can be written off as abandoned components.
Lindon engineering has developed its own procedure for identifying, quantifying and estimating the cost of the removed 39-year property. In order to perform an estimate of the removed assets, we require access to the construction drawings including a set of the demolition plans, the most recent depreciation schedules of the facility and the contractor’s final pay application.
If you have further query about asset disposition, click asset disposition.
Lindon Engineering Services, Inc.
350 Missouri Ave
Jeffersonville, IN 47130
Telephone: +1 812-282-1250