Allowable depreciation or amortization.

(3) Allowable depreciation or amortization. The phrase deduction allowable for the taxable year for exhaustion, wear and tear, obsolescence, or amortization and references in this paragraph to allowable depreciation or amortization include deductions allowable for the taxable year under sections 162, 167, 212, or 611 for the depreciation or amortization of section 1250 property. Such phrase does not include depreciation allowable in the year in which the section 1250 property is disposed of. For the determination of allowable depreciation or amortization for taxable years in which the taxpayer has taken no deduction, see 1.1016-3(a)(2).


26 CFR § 1.57-1

Scoping language

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