Source: https://ecfr.io/Title-26/se26.9.1_1612_62
Timestamp: 2019-12-06 08:04:35
Document Index: 542859161

Matched Legal Cases: ['§1', 'art 1', '§1', 'art 1', '§1', 'art 1', '§1', '§1']

[26 CFR §1.612-2] Title 26 Part 1 → §1.612-2 : Code of Federal Regulations ';
Title 26 Part 1 → §1.612-2
Title 26 → Chapter I → Subchapter A → Part 1 → §1.612-2
§1.612-2 Allowable capital additions in case of mines.
(a) In general. Expenditures for improvements and for replacements, not including expenditures for ordinary and necessary maintenance and repairs, shall ordinarily be charged to capital account recoverable through depreciation deductions. Expenditures for equipment (including its installation and housing) and for replacements thereof, which are necessary to maintain the normal output solely because of the recession of the working faces of the mine and which:
(b) Special rule. For special provisions applicable to treatment of expenditures for certain exploration and development costs (other than for the acquisition, restoration, or betterment of improvements) with respect to minerals other than oil or gas, see sections 615 and 616 and the regulations thereunder.