Real estate owners often hear that a cost segregation study can “pull forward” depreciation and create larger deductions early in a property’s life. The question that follows is usually practical: ...
The Tax Cuts and Jobs Act (TCJA), enacted in 2018, extended bonus depreciation through 2026 and increased first-year bonus depreciation to 100 percent for assets placed in service after September 27, ...
Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring repair or replacement. Depreciation helps companies account for the ...