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"Ready and available". Hard to be available if there is no business. See the e.g. after this rule. The word "installed" is used.
JG is correct. I had stated that a business need not have been started yet to claim depreciation for an asset that was "ready and available for use in a trade or business." I was poking around some court cases and found that the business does, indeed, need to exist before the "ready and available" provision is relevant.
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