Sentences with phrase «depreciable life of assets»
The reduction sets a precedent in statute that the appropriate depreciable life of assets is 15 years, say NAR analysts.
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Accelerated Depreciation: A depreciation method that allows you to deduct or depreciate a greater portion of the cost of depreciable property in the first years after the property is placed into service, rather than spreading (depreciating) the cost evenly over the life of the asset, as with the straight - line method.
A depreciable asset is a capital expenditure in depreciable property; used in a trade or business or held for the production of income and has a definite useful life of more than one year.