To continue reading this content, please enable JavaScript in your browser settings and refresh this page. For the last five years, manufacturers have enjoyed a bonus ...
According to a news release, the bipartisan legislation would make permanent a 15-year tax depreciation schedule for restaurant improvements and new construction, as well as leasehold and retail ...
Typically, companies calculate depreciation for their own purposes using a method called straight-line depreciation. This method takes the acquired cost of the asset and divides its years of useful ...
The National Restaurant Association (NRA) applauded Senators Bob Casey (D-Pennsylvania) and John Cornyn (R-Texas) for introducing legislation (S. 749) to make permanent a 15-year tax depreciation ...
With major provisions of President Trump’s Tax Cuts and Jobs Act of 2017 set to expire this year, there’s increased attention to how much it would cost to extend key portions of the act and how the ...
The Internal Revenue Service provides a tax deduction for the cost of purchasing business assets. This deduction is called depreciation, and it lets you deduct a percentage of the asset's price each ...