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Form # 1822M Revised 4/13/18Arkansas Bureau of Standards 4608 West 61st Street Little Rock, AR 72209 Bureau@agriculture.arkansas.gov Phone (501) 5701159OFFICIAL PLACED IN SERVICE REPORT METERSOfficially
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Official placed in service refers to the formal declaration that an asset or property is ready for use and is recognized for tax purposes.
Businesses and individuals who have placed an asset or property in service for generating income or use in their operations are required to file.
To fill out the official placed in service, one must provide details about the asset, its location, cost, and the date it was placed in service.
The purpose is to establish the start date for depreciation or amortization of an asset, ensuring proper tax treatment.
The information typically includes the description of the asset, its cost, the date placed in service, and the location of the asset.
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