When teaching depreciation in Introduction to Accounting, faculty always cover a variety of different depreciation methods, including straight-line depreciation. Next time you teach this topic, build ...

The product centralises fixed asset information and automates both federal and state tax compliance processes.

John Parker is a business writer with 20+ years of experience as a business executive specializing in accounting and finance. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...

Over time, the value of a business's assets decreases. This is referred to as the depreciation of assets, which is how businesses determine the value of physical or tangible assets throughout their ...

Listed property is tangible assets used for both business and personal purposes. It's property such as vehicles and entertainment or recreation property. It requires careful record-keeping to qualify ...

The Revenue Act of 1954 permitted entrepreneurs for the first time to make use of the double declining balance (DDB) and sum of the year's digits (SYD) methods of depreciation in place of the ...

Treasury Secretary Scott Bessent announced that the return of 100 percent bonus depreciation for aircraft purchases is likely to be enacted in an upcoming tax bill. This policy allows businesses to ...