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Business & farm
Yes, you would be able to claim 100% additional first year depreciation on the cost of these paths. The paving qualifies because it meets the qualification of having a recovery period of 20 years or less (paving as a depreciable life of 15 years). Even though it's short term, renting month to month still qualifies as a lease agreement.
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‎December 14, 2020
8:15 AM