Little-Known Accounting Rule Nets Companies Big Benefits
Long Island Business News › September 03, 2008
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Summary
Accounting firms are giving companies large sums in tax benefits - sometimes millions of dollars - by accelerating the depreciation on infrastructure and improvements to real estate.
The Internal Revenue Service lets companies depreciate property as it loses value, giving firms some tax benefits over a long period of time.See the full content of this document
Extract
Little-Known Accounting Rule Nets Companies Big Benefits
Commercial real estate is depreciated over 39 years, but companies can depreciate many portions of commercial property more rapidly, over as little as five year...
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