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Introduction

SECTION 1. PURPOSE

Internal Revenue Bulletin 2007-29 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure provides a safe harbor method of accounting to treat rotable spare parts as depreciable assets in accordance with Rev. Rul. 2003–37, 2003–1 C.B. 717, and provides procedures for taxpayers to obtain the automatic consent of the Commissioner of Internal Revenue to change to the safe harbor method of accounting.

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▸Contents — Internal Revenue Bulletin 2007-29
Internal Revenue Bulletin 2007-29

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