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  2. MACRS - Wikipedia

    en.wikipedia.org/wiki/MACRS

    The Modified Accelerated Cost Recovery System (MACRS) is the current tax depreciation system in the United States. Under this system, the capitalized cost (basis) of tangible property is recovered over a specified life by annual deductions for depreciation.

  3. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    Depreciation recapture most commonly applies when dealing with the sale of improved real estate (such as rental property), as the value of real estate generally increases over time while the improvements are subject to depreciation. Depreciation recapture in the USA is governed by sections 1245 and 1250 of the Internal Revenue Code (IRC). Any ...

  4. Half-year convention - Wikipedia

    en.wikipedia.org/wiki/Half-year_convention

    Depreciable property is assumed to be placed into service on July 1 of the year in which it is placed into service. The Internal Revenue Service is fond of the rule because without it, taxpayers would be tempted to buy property in the second half of the year and claim full depreciation deductions as if the property were used for the entire year.

  5. Can I Avoid Depreciation Tax on My Rental Properties? - AOL

    www.aol.com/finance/4-smart-ways-avoid...

    It can pay to be a responsible rental property owner. For instance, if you're always investing in your rental property and making improvements, not only will your tenants appreciate it and remain ...

  6. Applicable convention - Wikipedia

    en.wikipedia.org/wiki/Applicable_convention

    If more than 40% of the total basis of property is placed in service during the last three months of the tax year, the mid-quarter convention applies. Exemptions include: Property that is being depreciated under a method other than MACRS. Any residential rental property, nonresidential real property, or railroad gradings and tunnel bores.

  7. Depreciation - Wikipedia

    en.wikipedia.org/wiki/Depreciation

    An asset depreciation at 15% per year over 20 years. In accountancy, depreciation is a term that refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the ...

  8. Recoverable depreciation in home insurance: what it is and ...

    www.aol.com/finance/recoverable-depreciation...

    Incident. Amount. Fridge value at the time of purchase in 2018 (i.e., its replacement cost) $1,500. Useful life. 14 years. Depreciation per year. $107 ($1,500 ÷ 14)

  9. Accounting for leases in the United States - Wikipedia

    en.wikipedia.org/wiki/Accounting_for_leases_in...

    Rent Kicker, or Percentage Rent: Common in retail store leases. This is a premium rent payment that the lessor requires and is treated as a period expense. For example, it may be stated in the contract that if sales are over $1,000,000, any excess over this amount will have 2% taken out as a rent kicker. This is not reported as part of the ...

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