The bonus depreciation phase-out may impact manufacturers who regularly make large-ticket capital equipment purchases and have relied on bonus depreciation to lower their taxes. For the last five ...

Typically, companies calculate depreciation for their own purposes using a method called straight-line depreciation. This method takes the acquired cost of the asset and divides its years of useful ...

According to a news release, the bipartisan legislation would make permanent a 15-year tax depreciation schedule for restaurant improvements and new construction, as well as leasehold and retail ...

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With major provisions of President Trump’s Tax Cuts and Jobs Act of 2017 set to expire this year, there’s increased attention to how much it would cost to extend key portions of the act and how the ...

The National Restaurant Association (NRA) applauded Senators Bob Casey (D-Pennsylvania) and John Cornyn (R-Texas) for introducing legislation (S. 749) to make permanent a 15-year tax depreciation ...

One of the more robust tax incentives over the past several years has been Bonus Depreciation. This tax provision allowed companies to accelerate depreciation on purchased equipment to the year it was ...