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component depreciation

   Also found in: Encyclopedia 0.01 sec.
component depreciation

A former practice of separating a building into its various components—walls,roof,etc.—and then depreciating each component separately,some more rapidly than others, in order to generate large tax deductions. (This is no longer allowed by the IRS, except in a modified form called cost allocation.)
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Topics that received the most comments--generally in favor of further simplifications--included: consolidation; amortization of goodwill and other indefinite life intangibles; component depreciation and annual review of residual values; financial instruments; requirements for statements of cash flows and changes in equity; measurements for impairments and finance leases; sharebased payment; employee benefits; and income taxes.
Simplifying IFRS for private entities by Pacter, Paul / Financial Executive
Component depreciation deduction--Transaction 8: In evaluating the tax position on the $100,000 book-tax difference for the component depreciation deduction, management developed a probability distribution of possible outcomes based on the issue's technical merits (see Exhibit 8, above).
FIN 48 compliance: disclosing tax positions in an age of uncertainty by Hennig, Cherie J.; Raabe, William A.; Everett, John O. / The Tax Adviser
The IRS reluctantly agreed that cost segregation does not constitute component depreciation (action on decision (AOD) 1999-008).
Cost segregation applied: a taxpayer can substantially increase cash ... by Falk, Charles E. / Journal of Accountancy
 
 
 
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