N.Y. Comp. Codes R. & Regs. tit. 11 § 85.5
Current through Register Vol. 46, No. 36, September 4, 2024
In accordance with an orderly program of depreciation, the cost of each aircraft shall be amortized in full over a period not to exceed seven years, but in no event shall such depreciation be for a longer period than is used for federal income tax purposes.
N.Y. Comp. Codes R. & Regs. Tit. 11 § 85.5