In this case the taxpayer, a doctorsâ office, displayed various pieces of art in its offices, claimed depreciation on said artwork, which the IRS disallowed. At trial the IRS argued that the works of art did not have a useful life, based on Revenue Ruling 68-232.
A reduction in HAPU incidence by just 1 percentage point (3.5% to 2.5%) results in potential savings of $1,305,000 per year. Calculate your own potential savings below.
â¢ Therefore the cost efficiency is equal to $41.8 million/$462,000 = 90.5, or each $1 invested in DNA forensics and related fields (police training, prosecution, etc.) resulted in more than $90.5 of prevented police expenses and property loss. Therefore the cost efficiency is equal to $41.8 million/$462,000 = 90.5, or each $1 invested in DNA forensics and related fields (police training, prosecution, etc.) resulted in more than $90.5 of prevented police expenses and property loss.