New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter A - Rules of General Application
Part 85 - Allowance Of Aircraft As An Admitted Asset
Section 85.5 - Depreciation
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 85.5
Current through Register Vol. 46, No. 39, September 25, 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.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
