Over time, the value of a company's capital assets decline. This is a normal phenomenon driven by wear and tear, obsolescence, and other factors. This depreciation in the asset's value must be ...

Companies have always faced a major issue of how to reflect changes in accounting methods and error corrections in financial statements. In 2005 FASB issued Statement ...

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 ...

A client calls with a question: "I just bought a warehouse and spent $250,000 improving it. Can I deduct all of that this year?" If the improvements were placed in service after Jan. 19, 2025 — and if ...

Companies are facing rising depreciation costs from their massive chip investments, Barclays says. Barclays warns these costs will significantly impact earnings estimates for top tech firms.

In Rev. Proc. 2025-23, the IRS on Monday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently ...