Typically, companies calculate depreciation for their own purposes using a method called straight-line depreciation. This method takes the acquired cost of the asset and divides its years of useful ...

The Internal Revenue Service defines the depreciable life of a building as 27.5 to 39 years. But that doesn’t mean that all assets grouped with the building have to be on the same depreciation ...

A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law Dec. 20 by President Donald Trump. The racehorse provision, which received bipartisan ...

A key provision that extends three-year tax depreciation for all racehorses through 2020 passed the U.S. House of Representatives by a vote of 297-120, the National Thoroughbred Racing Association ...

Bonus depreciation, a tax incentive allowing for accelerated depreciation of assets like aircraft, is currently at 60% for 2024 but is scheduled to decrease further in coming years. Taking advantage ...

One of the more robust tax incentives over the past several years has been Bonus Depreciation. This tax provision allowed companies to accelerate depreciation on purchased equipment to the year it was ...

Artis Wiliams of Cat Trucking, a small fleet, in Jackson, Miss., inspects a truck at an auction in Mississippi. Used equipment qualifies for Section 179 depreciation, but not for the new bonus ...

The standard year-end tax optimization regarding timing of expenditures and depreciation is certainly worth looking at following the economic roller-coaster of 2020. That ride’s left some ...