Reviewed by Charlene Rhinehart Fact checked by Vikki Velasquez Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the ...

Accelerated depreciation allows businesses to write off the cost of an asset more quickly than the traditional straight-line method. This can provide asset owners with potentially valuable tax ...

Straight-Line vs. Other Types of Depreciation Straight-line depreciation is one of four modes of asset depreciation businesses can use. The others include: Declining balance Sum-of-years digits Units ...

Learn how Section 1250 impacts taxes on gains from depreciated real estate sales, including rules, examples, and key differences between property types.