For these assets, you can use 3-, 5-, or 10-year depreciation recovery periods.
»the recovery of the cost of long-lived assets
Financial and business terms. 2012.
recovery — Rising prices following a decline. The CENTER ONLINE Futures Glossary The use of depreciation of assets to offset costs; or a new period of rising securities prices after a period of declining security values. Bloomberg Financial Dictionary * * * … Financial and business terms
depreciation — de·pre·ci·a·tion /di ˌprē shē ā shən/ n 1: any decrease in the value of property (as machinery) for the purpose of taxation that cannot be offset by current repairs and is carried on company books as a yearly charge amortizing the original cost… … Law dictionary
depreciation, straight-line — n. A method of depreciation in which the cost of an asset is deducted in equal amounts over its life. See also accelerated cost recovery system The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell … Law dictionary
depreciation — /dapriyshiyeyshsn/ In accounting, spreading out the cost of a capital asset over its estimated useful life. Depreciation expense reduces the taxable income of an entity but does not reduce the cash. A decline in value of property caused by wear… … Black's law dictionary
depreciation — /dapriyshiyeyshsn/ In accounting, spreading out the cost of a capital asset over its estimated useful life. Depreciation expense reduces the taxable income of an entity but does not reduce the cash. A decline in value of property caused by wear… … Black's law dictionary
Depreciation — Not to be confused with Deprecation. Depreciation refers to two very different but related concepts: the decrease in value of assets (fair value depreciation), and the allocation of the cost of assets to periods in which the assets are used… … Wikipedia
Depreciation recapture — Part of a series on Taxation Taxation in the United States … Wikipedia
Accelerated depreciation — refers to any one of several methods by which a company, for financial accounting and/or tax purposes, depreciates a fixed asset in such a way that the amount of depreciation taken each year is higher during the earlier years of an asset’s life.… … Wikipedia
American Recovery and Reinvestment Act of 2009 — Stimulus bill redirects here. For other uses, see Stimulus bill (disambiguation). ARRA redirects here. For other uses, see ARRA (disambiguation). American Recovery and Reinvestment Act of 2009 Full title An act making supplemental appropriations… … Wikipedia
Alternative Depreciation System - ADS — A depreciation schedule with a straight line recovery period that generally mirrors the class life of the asset s depreciation. Taxpayers who elect to use the alternative depreciation system feel that the alternative schedule will allow for a… … Investment dictionary
