The Internal Revenue Service provides a tax deduction for the cost of purchasing business assets. This deduction is called depreciation, and it lets you deduct a percentage of the asset's price each ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

Depreciation is the recovery of the cost of a physical asset, like property or equipment, over multiple years. It allows companies to spread out the cost of some expenses, reduce taxable income and ...