Annual Depreciation Allowance

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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 ?
The rules address how to determine annual depreciation allowances using the modified accelerated cost recovery system (MACRS) under Sec.
Permitted methods: The final rules provide guidance on how taxpayers may determine the annual depreciation allowance under Sec.
Depreciating MACRS property in tax-free exchanges
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