Bonus depreciation is back, but it’s not automatic, and it’s not always optimal. With some foresight and planning, though, it ...

To calculate this capital expenditure depreciation expense, the company's accounting team must use the asset's purchase price, its useful life, and its residual value. Here's how.

Whether clients are investing in commercial buildings, launching new ventures or improving existing properties, they have ...

Corporate Accounting Policies. When a business wants to financially thrive and retain or improve its position in the marketplace, its owner or management team develops sound accounting policies ...

Depreciation is about allocating the cost of the asset over a period of time, not assessing the asset's true value at any point in time. An asset may be worth more -- or less -- than its book value.

Fair value accounting, unlike depreciation, assesses assets based on their actual market price or replacement cost--essentially, what a willing buyer would pay in an open market.

May 27, 2021 Rev. Proc. 2021-26 provides accounting method change procedures for CFCs seeking to use the alternative depreciation system Ellen McElroy, Aaron Payne, Michael Resnick, H. Karl Zeswitz ...

The Treasury Department and the IRS have issued guidance that provides a safe harbor method for determining depreciation deductions for passenger automobiles that qualify for the 100-percent ...

To calculate this capital expenditure depreciation expense, the company's accounting team must use the asset's purchase price, its useful life, and its residual value. Here's how.

To calculate how much should be expensed as depreciation each year, we first subtract the $8,000 residual value from the original $25,000 purchase price. That result, $17,000, is then divided by ...