The date on which a depreciable asset is first available and ready for use in a trade or business or for the production of income. This is not necessarily the purchase date — it is when the asset is set up, installed, and operational.
The date on which a depreciable asset is first available and ready for use in a trade or business or for the production of income. This is not necessarily the purchase date — it is when the asset is set up, installed, and operational.