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The question is: Do you really want to have buildings with a 15-year depreciable life?
She has developed the notion of truth as a depreciable asset.
Many tax systems prescribe longer depreciable lives for buildings and land improvements.
Under current law, small businesses may expense up to $100,000 of investments in depreciable assets.
Generally, depreciable residential property bought after 1986 is depreciated over 27.5 years.
Section 280F was enacted to limit certain deductions on depreciable assets.
Taxpayers like the rule because it does not require them to keep track of or prove exactly when depreciable property was placed into service.
Tax experts say that determining whether a piece of property is depreciable is relatively easy.
This convention applies to all depreciable tangible personal property.
A person with depreciable property must know when to start depreciating his/her property.
However, this exclusion will only reduce the basis of the depreciable real property of the taxpayer.
Depreciation may be charged, if the bridge was judged to be depreciable.
Whereas, if depreciation was charged on all depreciable capital assets, then a more correct cost would be recorded.
The asset is referred to as a depreciable asset.
The proposal would exclude collectibles, like antiques, and depreciable assets from the favorable treatment.
"Land is not depreciable because it has no determinable life," Ms. Anderson said.
Composite life equals the total depreciable cost divided by the total depreciation per year.
For residential property, Mr. Miller said, the business part of the building is depreciable over 27.5 years.
A common system is to allow a fixed percentage of the cost of depreciable assets to be deducted each year.
Many systems allow an additional deduction for a portion of the cost of depreciable assets acquired in the current tax year.
For taxpayers, the half-year convention does not require knowledge or proof of the date on which depreciable property is placed in service.
An improvement that is not depreciable would be deducted, for tax purposes, in the year it was made.)
I hold citizenship in it, though legally speaking it's sometimes more convenient to be treated as wholly owned depreciable hardware.
To Anheuser-Busch accountants, she looks like a depreciable asset.
In case of depreciable assets such as vehicles, furniture & fittings or office equipment, revaluation is not carried out.