Accelerated Amortization for Defense Industry Manufacturers

Qualified corporations which have annually produced goods worth at least $10,000,000 at facilities located in Rhode Island, over a period of five consecutive years, may accelerate the amortization of depreciation of their depreciable assets over a five year period if an average of at least 80% of that production has been for sale to a branch of the United States Armed Services. The company must anticipate the need to reduce its reliance on such sales in order to qualify. RI General Law: http://www.rilin.state.ri.us/Statutes/TITLE44/44-11/44-11-11.3.HTM

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