General Depreciation Rules | Blackhat forum

In order to account for wear and tear on physical property utilised in a trade or business, depreciation is a tax deduction. Depreciation deductions are allowed for each year of an asset's depreciation period under the Modified Accelerated Cost Recovery System (MACRS) depreciation rules, which apply to practically all tangible depreciable property purchased since 1987.

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  • Sep 23 2022
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