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  2. 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 ...

  3. How Do I Calculate Depreciation For Taxes? - AOL

    www.aol.com/calculate-depreciation-taxes...

    Depreciable base. This is the original cost of the asset, less its salvage value. Salvage value is what the asset could be sold for as the business has gotten all the use out of it.

  4. What Is Depreciation? Importance and Calculation Methods ...

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

    Another accelerated method, this approach applies a different rate each year to calculate the asset’s depreciable amount. This typically results in higher depreciation in the early years and ...

  5. MACRS - Wikipedia

    en.wikipedia.org/wiki/MACRS

    Under default rules, proceeds from disposing of a depreciable asset in a multiple asset account are recognized as ordinary income, and depreciation on the account is unaffected by the retirement. An optional method allows the asset to be removed from the account at the start of the year from retirement, in which case gain or loss is on the ...

  6. Cost basis - Wikipedia

    en.wikipedia.org/wiki/Cost_basis

    Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation.When a property is sold, the taxpayer pays/(saves) taxes on a capital gain/(loss) that equals the amount realized on the sale minus the sold property's basis.

  7. Depreciation (economics) - Wikipedia

    en.wikipedia.org/wiki/Depreciation_(economics)

    Unlike depreciation in business accounting, CFC in national accounts is, in principle, not a method of allocating the costs of past expenditures on fixed assets over subsequent accounting periods. Rather, fixed assets at a given moment in time are valued according to the remaining benefits to be derived from their use.

  8. Depreciation and Amortization: Know the Differences and ... - AOL

    www.aol.com/depreciation-amortization-know...

    Like depreciation, amortization involves writing off an asset’s initial cost over the course of the asset’s useful life. In this case, the asset’s value is divided equally by the number of ...

  9. IAS 16 - Wikipedia

    en.wikipedia.org/wiki/IAS_16

    Depreciation: The depreciable amount (cost less residual value) should be allocated on a systematic basis over the asset's useful life. That is, the mark-down in value of the asset should be recognised as an expense in the income statement every accounting period throughout the asset's useful life. [1]