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Aquired cost used for depreciation after acquisition

February 14, 2017 • Anonymous • Log In to Post Comments

Our customer acquired a company last year. Should they carry forward a depreciation details from acquired company previous year tax return, i.e. 2015, plus new additions in 2016 in their own tax return depreciation details when my client files their 2016 filing? or after valuation amount? 


If they bought the stock they continue the same depreciation. If they bought the assets start depreciation over based on the price paid for the assets.


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