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.

Whether you finance or lease business equipment and vehicles, there are clear tax benefits unique to both. Here’s what you need to know.

Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring repair or replacement. Depreciation helps companies account for the ...

Treasurer, Jim Chalmers, has slashed the popular tax time instant asset depreciation write-off available for farmers and ...

The total depreciation expense recognized over the ... A manufacturer, for example, budgets for equipment and machine replacement, and a retailer budgets to update the look of each store.

The 2025-29 equipment reserve budget is based on the depreciation of inventory items, with the organization funding amortized ...

Equipment that you use to manufacture a product, provide a service or use to sell, store and deliver merchandise. This equipment has an extended life so that it is properly regarded as a fixed ...

office equipment, machinery, and livestock. It is always depreciated over either a five- or seven-year period using straight-line depreciation but is eligible for accelerated depreciation as well ...

Ashtead Group is a less popular choice to gain exposure in the consolidating construction equipment rental sector. Read why ...

Come April, most of the original equipment manufacturers (OEMs) will increase the prices of their passenger vehicles (PVs), ...