Phrases with «bonus depreciation»

"Bonus depreciation" is a term used in finance and taxation to describe a type of tax deduction that allows businesses to recover the cost of certain assets more quickly. It allows businesses to deduct a larger portion of the asset's cost in the year of purchase, providing them with extra tax savings. Full definition

Sentences with «bonus depreciation»

  • The tax can be sizable given past years of bonus depreciation. (atlas1031.com)
  • Certain kinds of property, called listed property, must be used 50 % or more for business use, to qualify for bonus depreciation. (thebalancesmb.com)
  • Bonus depreciation allows an extra depreciation deduction to be taken in the year certain asset are placed in service. (dinesentax.com)
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