Fixed assets and depreciable assets are two very closely, interrelated items on a company's balance sheet. Let's define each and describe how they are the same and subtly different. A fixed asset is ...

Assets that are subject to either the general depreciation system of IRC Section 168(a) or the alternative depreciation system of IRC Section 168(g) may be grouped in one or more general asset ...

Accepted accounting guidelines state that, whenever possible, expenses should be reported during the same accounting period in which revenue was earned. Depreciation allows a company to deduct costs, ...

Depreciation guidelines enable accountants to understand the importance of depreciable assets in operating activities and depreciation methods as well as the regulatory relevance of bookkeeping and ...

Learn how salvage value impacts depreciation calculations, methods for determining value, and its importance in financial ...

Tax season is nearly upon us. Most owner-operators are no doubt already in the thick of it, gathering information and documentation and mulling over choices with tax advisers and accountants. One of ...

Ezra Dyckman and Charles Nelson explain how the new federal tax law expands bonus depreciation opportunities but caution that ...

Depreciation recapture is the process by which the IRS reclaims tax benefits previously obtained through depreciation when an investor sells a depreciable asset for more than its depreciated value.

A depreciable asset is a fixed asset, but a fixed asset may not be a depreciable asset. Let us explain. Cotton producers in the Texas High Plains have started raising awareness about synthetic fibers ...