An expense item set up to express the diminishing life expectancy and value of any equipment (including vehicles). Depreciation is set up over a fixed period of time based on current tax regulation.

Tax credits are important for businesses aiming to maximize profitability and sustainable growth. Bonus depreciation is a key ...

there’s a feeling that we may see bonus depreciation return to 100 percent. Since this is a deduction meant to encourage businesses to invest in themselves by acquiring equipment, which ...