Planning opportunities: Sec 179 expensing vs. bonus depreciation
Accumulated depreciation measures the overall change in the value of that car since its purchase. However, you list accumulated depreciation in the asset column of the balance sheet as a contra asset that subtracts from the value of the asset column. The sum-of-the-years’-digits (SYD) method is an accelerated depreciation approach that deducts more depreciation in […]
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