ODepreciation is the accounting concept that evaluates an asset's useful life. As the Internal Revenue Service explains, depreciable property – which could include equipment, structures, means of transportation, fixtures, etc. – is examined to see how many years the purchase price can be averaged and “deducted from taxable income.” This is in contrast to “full expensing,” which allows companies to write off investments straight away. For dual use property (personal and commercial), only the proportion of property that's used for business may be depreciated. Property eligible for depreciation must be owned by the business, be used for business purposes/income-producing activity, and have a determinable useful life............
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