The MACRS Asset Life table is derived from Revenue Procedure 87-56 1987-2 CB 674. The table specifies asset lives for property subject to depreciation under the general depreciation system provided in section 168(a) of the IRC or the alternative depreciation system provided in section 168(g). Use this table to determine an asset's class based on the asset's activity type or description.
Information systems include computers and their peripheral equipment used in administering normal business transactions and the maintenance of business records, their retrieval and analysis. Information systems are defined as follows:
1) Computers: A computer is a programmable electronically activated device capable of accepting information, applying prescribed processes to the information, and supplying the results of these processes with or without human intervention. It usually consists of a central processing unit containing extensive storage, logic, arithmetic, and control capabilities. Excluded from this category are adding machines, electronic desk calculators, etc., and other equipment described in class 00.13.
2) Peripheral equipment consists of the auxiliary machines which are designed to be placed under control of the central processing unit. Nonlimiting examples are: Card readers, card punches, magnetic tape feeds, high speed printers, optical character readers, tape cassettes, mass storage units, paper tape equipment, keypunches, data entry devices, teleprinters, terminals, tape drives, disc drives, disc files, disc packs, visual image projector tubes, card sorters, plotters, and collators. Peripheral equipment may be used on-line or off-line. Does not include equipment that is an integral part of other capital equipment that is included in other classes of economic activity, i.e., computers used primarily for process or production control, switching, channeling, and automating distributive trades and services such as point of sale (POS) computer systems. Also, does not include equipment of a kind used primarily for amusement or entertainment of the user.
Italy, country of south-central Europe, occupying a peninsula that juts deep into the Mediterranean Sea. Italy comprises some of the most varied and scenic landscapes on Earth and is often described as a country shaped like a boot. At its broad top stand the Alps, which are among the worlds most rugged mountains. Italys highest points are along Monte Rosa, which peaks in Switzerland, and along Mont Blanc, which peaks in France. The western Alps overlook a landscape of Alpine lakes and glacier-carved valleys that stretch down to the Po River and the Piedmont. Tuscany, to the south of the cisalpine region, is perhaps the countrys best-known region. From the central Alps, running down the length of the country, radiates the tall Apennine Range, which widens near Rome to cover nearly the entire width of the Italian peninsula. South of Rome the Apennines narrow and are flanked by two wide coastal plains, one facing the Tyrrhenian Sea and the other the Adriatic Sea. Much of the lower Apennine chain is near-wilderness, hosting a wide range of species rarely seen elsewhere in western Europe, such as wild boars, wolves, asps, and bears. The southern Apennines are also tectonically unstable, with several active volcanoes, including Vesuvius, which from time to time belches ash and steam into the air above Naples and its island-strewn bay. At the bottom of the country, in the Mediterranean Sea, lie the islands of Sicily and Sardinia.
Italys political geography has been conditioned by this rugged landscape. With few direct roads between them, and with passage from one point to another traditionally difficult, Italys towns and cities have a history of self-sufficiency, independence, and mutual mistrust. Visitors today remark on how unlike one town is from the next, on the marked differences in cuisine and dialect, and on the many subtle divergences that make Italy seem less a single nation than a collection of culturally related points in an uncommonly pleasing setting.
Across a span of more than 3,000 years, Italian history has been marked by episodes of temporary unification and long separation, of intercommunal strife and failed empires. At peace for more than half a century now, Italys inhabitants enjoy a high standard of living and a highly developed culture.
Though its archaeological record stretches back tens of thousands of years, Italian history begins with the Etruscans, an ancient civilization that rose between the Arno and Tiber rivers. The Etruscans were supplanted in the 3rd century bce by the Romans, who soon became the chief power in the Mediterranean world and whose empire stretched from India to Scotland by the 2nd century ce. That empire was rarely secure, not only because of the unwillingness of conquered peoples to stay conquered but also because of power struggles between competing Roman political factions, military leaders, families, ethnic groups, and religions. The Roman Empire fell in the 5th century ce after a succession of barbarian invasions through which Huns, Lombards, Ostrogoths, and Franksmostly previous subjects of Romeseized portions of Italy. Rule devolved to the level of the city-state, although the Normans succeeded in establishing a modest empire in southern Italy and Sicily in the 11th century. Many of those city-states flourished during the Renaissance era, a time marked by significant intellectual, artistic, and technological advances but also by savage warfare between states loyal to the pope and those loyal to the Holy Roman Empire.
Italian unification came in the 19th century, when a liberal revolution installed Victor Emmanuel II as king. In World War I, Italy fought on the side of the Allies, but, under the rule of the fascist leader Benito Mussolini, it waged war against the Allied powers in World War II. From the end of World War II to the early 1990s, Italy had a multiparty system dominated by two large parties: the Christian Democratic Party (Partito della Democrazia Cristiana; DC) and the Italian Communist Party (Partito Comunista Italiano; PCI). In the early 1990s the Italian party system underwent a radical transformation, and the political centre collapsed, leaving a right-left polarization of the party spectrum that threw the north-south divide into sharper contrast and gave rise to such political leaders as media magnate Silvio Berlusconi.
The whole country is relatively prosperous, certainly as compared with the early years of the 20th century, when the economy was predominantly agricultural. Much of that prosperity has to do with tourism, for in good years nearly as many visitors as citizens can be found in the country. Italy is part of the European Union and the Council of Europe, and, with its strategic geographic position on the southern flank of Europe, it has played a fairly important role in the North Atlantic Treaty Organization (NATO).
The capital is Rome, one of the oldest of the worlds great cities and a favourite of visitors, who go there to see its great monuments and works of art as well as to enjoy the citys famed dolce vita, or "sweet life." Other major cities include the industrial and fashion centre of Milan; Genoa, a handsome port on the Ligurian Gulf; the sprawling southern metropolis of Naples; and Venice, one of the worlds oldest tourist destinations. Surrounded by Rome is an independent state, Vatican City, which is the seat of the Roman Catholic Church and the spiritual home of Italys overwhelmingly Catholic population. Each of those cities, and countless smaller cities and towns, has retained its differences against the leveling effect of the mass media and standardized education. Thus, many Italians, particularly older ones, are inclined to think of themselves as belonging to families, then neighbourhoods, then towns or cities, then regions, and then, last, as members of a nation.
The intellectual and moral faculties of humankind have found a welcome home in Italy, one of the worlds most important centres of religion, visual arts, literature, music, philosophy, culinary arts, and sciences. Michelangelo, the painter and sculptor, believed that his work was to free an already existing image; Giuseppe Verdi heard the voices of the ancients and of angels in music that came to him in his dreams; Dante forged a new language with his incomparable poems of heaven, hell, and the world between. Those and many other Italian artists, writers, designers, musicians, chefs, actors, and filmmakers have brought extraordinary gifts to the world.Get in Touch with Mechanic