The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

BONUS DEPRECIATION Definition & Legal Meaning

Definition & Citations:

A US taxpayer can take 50% of an assets value during its year in service. The rest is a regular depreciation amount in the taxes. Any asset bought after December 31, 2007 but before January 1, 2011 are covered in this law. Some property has a longer perio


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