first-year depreciation

first-year depreciation

See additional first-year depreciation.

References in periodicals archive ?
Assets not eligible for additional first-year depreciation (including assets for which an election to forgo additional first-year depreciation has been made) must be grouped into a separate GAA;
168 bonus first-year depreciation (for certain property with longer production periods, the property must be placed in service before Jan.
According to some analysts, this option provides excellent value because the first-year depreciation has already taken place and the first owner absorbed that loss, and now the vehicle, often still in top-notch condition and regularly still under factory powertrain warranty, will lose value much less rapidly.
The $8,000 increase in the first-year depreciation cap for passenger automobiles for which bon us depreciation is claimed remains unchanged and continues to apply to vehicles placed in service during 2013.
Code Sec 179 expensing should be taken first, followed by bonus depreciation, and then regular first-year depreciation.
The amount of first-year depreciation has been 30 percent, 50 percent or 100 percent and has most recently been reduced to 50 percent for 2012.
This additional first-year depreciation deduction allows businesses to write off more than a standard depreciation schedule would allow," Loebenberg explained.
The act restores through 2010 the generous 50 percent first-year depreciation for some kinds of property.
Among the tax provisions, executives will find the bill extends the 50 percent bonus first-year depreciation that had expired at the end of 2009.
The bill would restore through 2010 the generous 50 percent first-year depreciation for some kinds of property.