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.

Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring ...

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

Also common is a variation of the four-year formula known as accelerated depreciation, which ATBS notes the vast majority of owner-operators are using today. It takes 77% of the equipment’s ...

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.

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 ...

andresr/Getty Images For rental property owners, understanding depreciation is an important consideration for maximizing tax benefits and maintaining compliance with IRS regulations. This tax ...

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

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