Cards To Remember Flashcards
(2 cards)
1
Q
FITBAC
A
Federal income taxes before and after credits
2
Q
CAT
O
R
N
A
Computer, auto, tractor
5 year property, 1245 recapture
Office and fixtures
7 yr property, 1245 recapture
Residential Real Property
27.5 year property, 1250 recapture
Non- residential Real Property
39 year property, 1250 recapture