Depreciation

  • Number of students: 84
  • Teacher: Debbie Manning
  • Level: Advanced
  • Duration:
  • Lesson Release: All at once
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Description

Depreciation is a write-off reflecting loss of value from aging. The IRS guidelines for claiming depreciation are in Publication 946. However, you may be able to take the entire value of the business property off in one year under the IRS's Section 179 rule.

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