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Taxes
Jul 22, 2019 13:21:46 GMT
Post by kullssamantha on Jul 22, 2019 13:21:46 GMT
Depreciation expense provides a way for recovering the purchase cost of an asset. Unlike asset expensing by which companies can recover the cost of an asset immediately, using asset depreciation, companies recover total asset cost over the useful life of the asset through periodic depreciation expense.
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Taxes
Jul 22, 2019 13:41:23 GMT
Post by jackharmes on Jul 22, 2019 13:41:23 GMT
By receiving a higher depreciation deduction today, a business will reduce its current tax bill. This deduction is especially helpful for new businesses who may be having short-term cash-flow problems.
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