additional first-year depreciation financial definition of additional first-year depreciation. additional first-year depreciation finance term by the Free Online Dictionary.

Additional First-Year Depreciation

A provision in U.S. tax law that permits some assets purchased in a given year to be expensed, rather than depreciated, the first year of ownership. That is, one may write off the total value of the asset rather than the amount by which is depreciates. This reduces one's taxable income. There are limits on the value of property on which one may use additional first-year depreciation; this amount changes in different years.

additional first-year depreciation

Also called bonus depreciation. An IRS provision that allows taxpayers to take more than the ordinary depreciation in the first year a property is placed in use. (After the 9/11 attacks, taxpayers could deduct up to one-half of the basis of their property in the first year.Ordinarily,only 1/39 or ¹/28 of the basis could be deducted in the first year.Similarly,in the wake of the devastating 2005 hurricane year, some taxpayers could take additional first-year depreciation equal to one-half of the basis.) In addition, taxpayers may take larger than normal depreciation for some property,called Section 179 property,even it if results in effectively expensing the entire purchase price in the current year.(For more information, visit the IRS Web site www.irs.gov.)

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first-year depreciation	168(k)(1) otherwise would yield additional first-year depreciation totaling $150 million (20% of $150 million = $30 million). Sec. 168(k)(4) credit in lieu of bonus depreciation by Arkin, Steven / The Tax Adviser It now allows an additional first-year depreciation equal to 50% of the adjusted basis of qualified property. How much boost will Washington's stimulus provide? by Metalworking Insiders' Report No part of the $20,000 purchase price would qualify for the special 30 percent additional first-year depreciation deduction Effective Date These new rules apply to property placed in service after Sept. Ready, set, depreciate: Highlights from the 2002 tax act by Josephs, Stuart R. / California CPA	Ad-a-Card ADA Adam Smith Adaptive Expectations Adaptive Exponential Smoothing ADB ADC loan Add to Cash Value Option add-back Add-On Add-On Certificate of Deposit Add-On Financing add-on interest Add-On Plan Add-On-Sale Addebito addendum Adding to a Loser Additional Bonds Test Additional Car additional charge mortgage Additional Child Tax Credit Additional Collateral Additional Death Benefit Additional Deposit Privilege additional first-year depreciation Additional Hedge Additional Insured Additional Living Expense Insurance Additional Mark-On Additional Paid-In Capital Additional Premium additional rent Additional Voluntary Contribution Address Address Change Service Address Hygiene Address Resolution Protocol Address Service Requested Address Validation Service Adelanto en efectivo Adequacy of Coverage adequate consideration Adequate Disclosure Adequate Notice adequate public facilities ordinances Adequate Sample ADF adhesion contract Adhesion Insurance Contract Adiantamento	Additional Decryption Key Additional Deduction for Labor Expense Additional Deposit Fund Additional Deposit Privilege Additional Deposit Privileges Additional Deposit Rider Additional Deputy Commissioner General Additional dialog recording Additional Director General of Military Operations Additional Director General of Police Additional District and Sessions Judge Additional Documentation Request Additional Drill Assemblies Additional Driver Discovery Additional Duty Additional Duty Hour Allowance Additional Duty Safety Officer Additional Educational Needs Service Additional Engineering Additional Entry Additional Excess Damage Waiver Additional Extended Coverage Additional First Year Additional First Year Depreciation additional first-year depreciation Additional Flexible Interface Xtension Additional Flying Training Period Additional Forms Additional Funding Request Additional Funds Needed Additional Ground Training Period Additional hedge Additional Hedges Additional Hotel Room Tax Additional Housing Cost Allowance Additional Housing Costs Allowance Additional Increase Multiplicative Decrease Additional Increased Cost of Working Additional Information Additional Information Specification Additional Inspector General Additional Instructions Additional Insured Additional Insured Additional Insured Family Income Additional Insured Family Plan Rider Additional Insured Mortgage Additional Insured Renewable Term Rider Additional Insureds Additional Interest

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first-year depreciation

168(k)(1) otherwise would yield additional first-year depreciation totaling $150 million (20% of $150 million = $30 million).

Sec. 168(k)(4) credit in lieu of bonus depreciation by Arkin, Steven / The Tax Adviser

It now allows an additional first-year depreciation equal to 50% of the adjusted basis of qualified property.

How much boost will Washington's stimulus provide? by Metalworking Insiders' Report

No part of the $20,000 purchase price would qualify for the special 30 percent additional first-year depreciation deduction Effective Date These new rules apply to property placed in service after Sept.

Ready, set, depreciate: Highlights from the 2002 tax act by Josephs, Stuart R. / California CPA

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Adaptive Expectations

Adaptive Exponential Smoothing

ADB

ADC loan

Add to Cash Value Option

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