Learn about the different depreciation and amortization rules pertaining to leasehold improvements for tax basis and GAAP ...

President Donald Trump, speaking at the World Economic Forum in Davos, Switzlerland, floated the idea of allowing ...

Buying a new car can feel exciting—but some models lose so much value that they turn into financial regrets. Here are the 2026 vehicles that are expected to depreciate the fastest and give you the ...

Until recently, bonus depreciation was on track to phase out entirely by 2027, leaving business owners with shrinking tax deductions and added uncertainty around capital planning. Then, on July 4, ...

Learn how comprehensive tax allocation reconciles tax and financial reporting, uncovering discrepancies in income, expenses, ...

Depreciation is a concept and a method that recognizes that some business assets become less valuable over time and provides a way to calculate and record the effects of this. Depreciation impacts a ...

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire. Bonus depreciation was one of the significant provisions in the ...

Depreciation is a fairly simple concept. When a business owner buys a fixed asset, that asset loses its value over time, and so its most current value must be accounted for on the company’s balance ...

Depreciation is a business tax deduction available on most types of tangible company property. The amount of annual depreciation is estimated and is usually based on the original purchase price of an ...

Recent changes made by the IRS and Congress have greatly expanded taxpayers’ ability to currently deduct the costs of property purchased for business use, instead of having to depreciate those costs ...

The Internal Revenue Service considers any auto with an unloaded gross weight of 6,000 pounds or less a luxury vehicle. It gives you two ways to depreciate a luxury auto used for business purposes.

This Lucid Air Grand Touring lost nearly $50K in under 12 months, offering a valuable lesson in EV resale value and luxury ...