[Code of Federal Regulations]
[Title 26, Volume 2]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.168(i)-0]

[Page 1043-1044]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.168(i)-0  Table of contents for the general asset account rules.

    This section lists the major paragraphs contained in Sec. 1.168(i)-
1.

                Sec. 1.168(i)-1 General asset accounts.

    (a) Scope.
    (b) Definitions.
    (1) Unadjusted depreciable basis.
    (2) Unadjusted depreciable basis of the general asset account.
    (3) Adjusted depreciable basis of the general asset account.
    (4) Expensed cost.
    (c) Establishment of general asset accounts.
    (1) Assets eligible for general asset accounts.
    (i) General rules.
    (ii) Special rules for assets generating foreign source income.
    (2) Grouping assets in general asset accounts.
    (i) General rules.
    (ii) Special rules.
    (d) Determination of depreciation allowance.
    (1) In general.
    (2) [Reserved]. For further guidance see the entry for Sec. 
1.168(i)-1T(d)(2).
    (e) Disposition of an asset from a general asset account.
    (1) Scope.
    (2) General rules for a disposition.
    (i) No immediate recovery of basis.
    (ii) Treatment of amount realized.
    (iii) Effect of disposition on a general asset account.
    (iv) Coordination with nonrecognition provisions.

[[Page 1044]]

    (v) Examples.
    (3) Special rules.
    (i) [Reserved]. For further guidance see the entry for Sec. 
1.168(i)-1T(e)(3)(i).
    (ii) Disposition of all assets remaining in a general asset account.
    (iii) Disposition of an asset in a qualifying disposition.
    (iv) Transactions subject to section 168(i)(7).
    (v) and (vi) [Reserved]. For further guidance see the entries for 
Sec. 1.168(i)-1T(e)(3)(v) and (vi).
    (f) through (f)(2)(i) [Reserved]. For further guidance see the 
entries for Sec. 1.168(i)-1T(f) through (f)(2)(i).
    (ii) Formula for determining foreign source income, gain, or loss.
    (3) Section 904(d) separate categories.
    (g) Assets subject to recapture.
    (h) Changes in use.
    (1) Conversion to personal use.
    (2) Other changes in use.
    (i) and (j). [Reserved]. For further guidance, see the entries for 
Sec. 1.168(i)-1T(i) and (j).
    (k) Election.
    (1) Irrevocable election.
    (2) Time for making election.
    (3) Manner of making election.
    (l) [Reserved]. For further guidance, see the entry for Sec. 
1.168(i)-1T(l).

[T.D. 8566, 59 FR 51371, Oct. 11, 1994, as amended by T.D. 9115, 69 FR 
9534, Mar. 1, 2004]