What is depreciation? Learn how it works, the main methods and how it impacts your business taxes and accounting.

All cars depreciate as wear and tear, market demand, subsequent redesigns and economic forecasts reduce the value of a particular vehicle over time. In fact, the simple act of driving off the dealer’s ...

Most tangible assets lose value over time. Equipment wears out, buildings require regular maintenance and upkeep, and computers become obsolete. To reflect the steady loss of value in capital assets, ...

Depreciation recapture taxes gains from selling depreciated property as ordinary income, reclaiming prior tax benefits. If you’re a business owner, you’ve probably bought at least some property to use ...