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Simple English definitions for legal terms

accelerated depreciation method

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A quick definition of accelerated depreciation method:

The accelerated depreciation method is a way to estimate how much an asset will wear out or become obsolete over time. This method is useful for calculating how much money a company can deduct from their taxes each year for the depreciation of their assets. The accelerated method allows for larger deductions in the earlier years of an asset's life and smaller deductions in the later years. There are other methods of depreciation, such as the straight-line method, which spreads the cost of the asset evenly over its useful life. Each method has its own formula for calculating depreciation.

A more thorough explanation:

The accelerated depreciation method is a formula used to estimate the wear, use, or obsolescence of an asset over its useful life. This method is useful in calculating the allowable annual tax deduction for depreciation.

Unlike the straight-line depreciation method, which spreads the cost of an asset evenly over its useful life, the accelerated depreciation method allows for larger deductions in the earlier years of an asset's life and smaller deductions in the later years. This can be beneficial for businesses that want to reduce their taxable income in the short term.

For example, let's say a company purchases a machine for $100,000 with a useful life of 5 years and no salvage value. Using the straight-line method, the annual depreciation expense would be $20,000 ($100,000 divided by 5 years). However, using the double-declining balance method, the company could deduct $40,000 in the first year, $24,000 in the second year, $14,400 in the third year, and so on.

Overall, the accelerated depreciation method can help businesses save money on taxes in the short term, but it may result in a higher tax bill in the long term as the deductions decrease over time.

Accelerated Cost Recovery System | accelerated disclosure

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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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