Sentences with phrase «accelerated vehicle depreciation»

BC Injury Law Doing It Yourself — Suing For Accelerated Vehicle Depreciation In BC Small Claims Court As I've previously written, when a vehicle is involved in a crash and is then repaired it is generally worth less than it would be had it not been damaged.

Not exact matches

Standard Mileage Rate Restrictions: The business standard mileage rate may not be used for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle.

Vehicle Diminished Value or Accelerated Depreciation, incurred through a collision, is a loss that until now, victims of vehicle accidents have had to Vehicle Diminished Value or Accelerated Depreciation, incurred through a collision, is a loss that until now, victims of vehicle accidents have had to vehicle accidents have had to endure.

Generally speaking, the Court is not going to award any damages for accelerated depreciation unless there is direct evidence supporting an actual loss suffered by the owner of the damaged vehicle.

If you have to accept less money when selling your vehicle because it was involved in an accident, you have suffered a loss called «accelerated depreciation».

In order to establish an accelerated depreciation claim, one must show that he / she actually sold or is in the process of selling the damaged vehicle at a reduced amount.

Diminished value is the reduction in a vehicle's market value occurring after a vehicle is wrecked and repaired, otherwise called accelerated depreciation.

Moreover, you can't use the standard mileage rate if you have claimed accelerated depreciation deductions in prior years, or have taken a Section 179 deduction for the vehicle.