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April 12, 2002 3:06 PM, EDT

The Internal Revenue Service has issued new guidelines for depreciating truck tires, ending a 60-year dispute over how to treat tractor and trailer tires on trucking company tax returns.

The ruling provides for the depreciation of new tires at the same rate as a new vehicle: three years for a tractor and its tires and five years for trailers and their tires.

Tires on large straight trucks can be depreciated over five years.

For the full story, see the April 15 print edition of Transport Topics. Subscribe today.

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