What is depreciation? Learn how it works, the main methods and how it impacts your business taxes and accounting.

What are some depreciation tax advantages? How to report depreciation? How is it calculated? The Internal Revenue Service defines depreciation as a yearly income tax deduction, allowing the ...

First, you will have higher tax gains on the used units you sell (zero tax basis). Second, your depreciation deductions will be lower if bonus depreciation is not extended. The net result is you ...