Depreciation guidelines enable accountants to understand the importance of depreciable assets in operating activities and depreciation methods as well as the regulatory relevance of bookkeeping and ...

When a company purchases an asset it does not expect the asset to retain its current value forever. Instead, the company expects the asset to depreciate, or loose some of its value over time.

Notice 2026-11 from the IRS provides guidance on the permanent 100% additional first-year depreciation deduction provided by ...

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 ...

A new study from AAA shows that the largest expense associated with purchasing a new car is depreciation. Depreciation accounts for almost 40% of the cost of owning a new vehicle and equals more than ...