Purchase of Equipment as an Operating Expense

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  2. Indiana Code
  3. Utilities and Transportation
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  6. Purchase of Equipment as an Operating Expense

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Sec. 8. For purposes of this chapter, IC 36-9-2-2(b), and IC 36-9-4-58(b), the purchase of equipment or other personal property is considered an operating expense if the equipment or other personal property has a useful life of less than three (3) years.

As added by P.L.153-2014, SEC.17.


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