David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.
Accelerated depreciation is a method used in accounting to allocate the cost of certain assets over their useful life spans using a shorter time period than the traditional straight-line method.
As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.