Bonus depreciation is gradually being phased out, impacting how businesses plan their capital expenditures. The phaseout schedule was established by the Tax Cuts and Jobs Act of 2017, which ...

Bonus depreciation is gradually being phased out, impacting how businesses plan their capital expenditures. The phaseout schedule was established by the Tax Cuts and Jobs Act of 2017, which ...

While much of the budget reconciliation bill remains unsettled, at least one element could greatly benefit commercial real ...

The One Big Beautiful Bill Act, passed by Congress July 3 and expected to be signed into law by President Trump, makes ...

How To Make a Recoverable Depreciation Claim. If you need to make a recoverable depreciation claim, here’s what to do: Notify your insurance company as soon as possible about the damage.

Depreciation Timeline. The minute you sit in your new car for the first time, ... According to Traveler's, it is important to follow a regular schedule for oil changes and checking your fluids.

The simplest schedule, and by far the most common, is the "straight-line method," in which you write off an equal amount of the depreciation base every year of the useful life.

Bonus Depreciation: Allows businesses to deduct a significant portion of an asset’s cost in the first year. However, it’s being phased out by 2027 unless Congress decides to amend the tax code.

Learn what depreciation means, what it's used for, and how to calculate this important item on a company's financial statements.