Underestimating depreciation can lead to overstated asset values, inaccurate expense reporting, and misleading financial ...

Depreciation is an accounting tool used to spread the cost of valuable assets over a number of accounting periods. Rather than incurring the entire expense in a single period, business owners can ...

Since 2002, bonus depreciation under the Job Creation and Worker Assistance Act has been allowed in some form. Bonus depreciation allows for more current expensing for eligible property than allowed ...

Currently, bonus depreciation enables taxpayers to depreciate 100 percent of the purchase price of qualifying property in the year it’s placed in service. To qualify, the property must have a recovery ...

Washington (July 25, 2002) -- Senator Kit Bond said the Treasury Department has hit a home-run for small businesses by agreeing to issue guidance exempting light trucks and vans used in business from ...