Annual Depreciation Allowance
Annual Depreciation Allowance
The
depreciation on an
asset that a tax agency permits each year. This contrasts with
accumulated depreciation, which is calculated by multiplying the annual depreciation allowance by the number of years the asset has been
held.
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References in periodicals archive
Permitted methods: The final rules provide guidance on how taxpayers may determine the annual depreciation allowance under Sec.
The rules address how to determine annual depreciation allowances using the modified accelerated cost recovery system (MACRS) under Sec.
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