Depreciation Guru

Depreciation Experts Since 1991

Many people have heard of the term bonus depreciation, but many are also unfamiliar with the concept and its origins.  What bonus depreciation does is allow a taxpayer to deduct an additional depreciation expense (on top of the normal depreciable amount) on an asset during the tax year acquired.  The purpose behind this is to [...]

Below is a general overview of the history of depreciation through 1986.  Included are major changes or additions to rules and regulations concerning the ways in which depreciation is determined and allowed.
1934: Up to this point the estimation of the useful lives of depreciable assets was not very regulated.  Then, during the Great Depression, the [...]