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Depreciation

  • Jan 30, 2025
  • 1 min read

Updated: Feb 8, 2025

Depreciation is a annual income tax deduction that allows you to recover the cost of other basis of certain property over the time you use the property.

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Convention method

The applicable convention determines the portion of the tax year for which depreciation is allowable during a year at the property is...

 
 
 

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