The IRS publishes depreciation schedules for different classes of assets, setting out the percentage of an asset’s value that may be deducted each year and for how long. This tax break helps ...

Read to find out more about amortization, an important accounting method that accounts for the reduction in value of intangible assets over time.

Acquisition cost is the asset's purchase price plus the cost of putting it into service. Can you depreciate the purchase of a business? The tax implications of purchasing business assets are ...

Residual value is the estimated value of an asset at the end of its useful life. It's used to figure out things like the value of a car at the end of a lease or how much equipment is worth after it's ...