Private jet sales are soaring and luxury car purchases are revving up — if you can count your splurge as a business expense, ...

Learn how to calculate the written-down value (WDV) to determine the current worth of an asset after depreciation or amortization, also known as book value.

An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

A balance sheet offers a glimpse into a company’s assets and breaks them into two categories: current and non-current assets. Current assets like cash equivalents and securities can easily be ...

Tribunal reaffirmed that Section 11(6) bars depreciation on assets whose acquisition cost was claimed as application of income and remanded the case for factual ...

It's not that Uncle Sam does not want your clients to deduct those big-ticket items that are critical to running almost any business. The less cynical among us would nod and agree with the Internal ...

A company cannot deduct the entire cost of a long-lived asset -- one with a lifetime more than one year long -- all at once. Rather, it must space out the deductions over the useful lifetime of the ...

As a business owner, you need to keep an up-to-date valuation of your business and its assets. One adjustment that you need to make every year is to account for the annual depreciation of your total ...

Depreciation determines the loss of value of an asset over its useful life. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...

Increased current cash flows and net-present-value savings from accelerated tax depreciation resulting from cost-segregation studies have been discussed in the JofA and other professional literature.