In case of depreciable assets such as vehicles, furniture & fittings or office equipment, revaluation is not carried out.
She has developed the notion of truth as a depreciable asset.
The asset is referred to as a depreciable asset.
When a depreciable asset is sold, the business recognizes gain or loss based on net basis of the asset.
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.
To Anheuser-Busch accountants, she looks like a depreciable asset.
Under current law, small businesses may expense up to $100,000 of investments in depreciable assets.
The proposal would exclude collectibles, like antiques, and depreciable assets from the favorable treatment.
Section 280F was enacted to limit certain deductions on depreciable assets.