Depreciation is the reduction in the value of an asset over time due to wear and tear. Depreciation is used for both tax and accounting purposes when recording the value of mainly equipment or machinery.
Depreciation is the reduction in the value of an asset over time due to wear and tear. Depreciation is used for both tax and accounting purposes when recording the value of mainly equipment or machinery.
On April 16, 2024, the IRS released “Notice 2024-35” extending the temporary relief from required minimum distributions (RMDs) for certain
