Placed In Service

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Dictionary Says

Definition of 'Placed In Service'

The point in time when an asset that can be depreciated is first placed in use. The date the asset is placed in service marks the beginning of the depreciation period. The date of purchase usually marks when an asset is placed in service, but not always.

Investopedia Says

Investopedia explains 'Placed In Service'

Owners of depreciable assets should take note of the date that their depreciable assets are first placed in service, because they must record that date on their tax returns for depreciation calculations. The receipt for the good will effectively double as both proof of purchase and proof of date placed in service for the IRS in the event of an audit.
Search results for

'Placed In Service'

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    http://financialedge.investopedia.com/financial-edge/1009/Cut-Taxes-With-An-Energy-Efficient-Home.aspx
    ... equipment. Depending on when they are placed in service, solar purchases
    can catch up to 35%, capped at $62,500. California has ...

  • Time For China’s Smartphone Revolution

    http://stocks.investopedia.com/stock-analysis/2011/Time-For-Chinas-Smartphone-Revolution-CHL-SPRD-MMI-AAPL-NOK1128.aspx
    ... Only recently has China launched a third-generation ('3G') network capable of handling
    the data demands placed on service providers by smartphone users, with ...

  • Bakken Rolls On

    http://stocks.investopedia.com/stock-analysis/2010/Bakken-Rolls-On-WLL-BEXP-CLR-ENB0609.aspx
    ... In January, the company placed into service an expansion of its pipeline in
    North Dakota. This added 51,000 barrels per day of capacity ...

  • Plum Creek Timber Looks For The Bottom In 2012

    http://stocks.investopedia.com/stock-analysis/2012/Plum-Creek-Timber-Looks-For-The-Bottom-In-2012-PCL-RYN-WY-LPX0203.aspx
    ... recover. It's also definitely a positive for the company that it is
    well-placed to service Chinese demand. Now for the bad and ugly. ...

  • The Small Business Jobs Act: Make It Work For You

    http://www.investopedia.com/articles/economics/11/small-business-jobs-act.asp
    ... The Act extends 50% bonus depreciation under Section 168(k) by one year for
    qualified property placed in service during 2010. Taxpayers ...

  • 10 Steps To Tax Preparation

    http://www.investopedia.com/articles/pf/07/tax_prep.asp
    ... Qualifying improvements must be placed into service to the taxpayer's principal
    residence located in the United States before January 1, 2012. ...

  • Introduction To Mirrored Investment Services

    http://www.investopedia.com/articles/stocks/11/mirrored-investment-services.asp
    ... Those who decide to invest with a given manager, after following his or her trades,
    can join the service and have the exact same trades placed inside their own ...

  • Demand For Oil A Boon For Service Stocks

    http://stocks.investopedia.com/stock-analysis/2011/Demand-For-Oil-A-Boon-For-Service-Stocks-IEZ-XES-IO-OYOG-DRQ-NOV0419.aspx
    ... Betting on the Service Sector With the continued need for more energy, the ... energy
    demand continues to trend higher, more pressure is being placed on finding ...

  • Shopping Online: Convenience, Bargains And A Few Scams

    http://www.investopedia.com/articles/pf/08/buy-sell-online.asp
    ... Most stores also have placed virtual customer service centers on their websites,
    so you can either call, email or chat with a live customer service ...

  • At what point in the ordering process does a broker charge ...

    http://www.investopedia.com/ask/answer/07/brokercommissions.asp
    ... This is because the investor receives no benefit from the service. ... A member canceling
    an order placed on the Chicago Board Options Exchange will face a ...

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