Tag's: Asset

Depreciation – 2018 Tax Law Changes

[Transcription] Today, I'm talking about... What is depreciation? Depreciation is used for assets. When you buy an asset, and what I mean by "asset" is when you make large purchases that can be used over multiple years, that is considered an asset. When you do this, the default rule is you have to take the expense over several years. Now, there's some certain exclusions in the tax code that allows
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