Sum of the years-digits depreciation

Sum of the years-digits depreciation

Sum of the years-digits depreciation is a method of depreciation under which the annual deduction for depreciation is computed by applying changing fractions to the basis of property. The numerator of the fraction changes each year to a number that corresponds to the remaining useful life of the property. The denominator, which remains constant, is the sum of all the years' digits corresponding to the estimated useful life of the property.

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Industry/Domain: Financial services
Category: Real estate investment
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sum of the years-digits depreciation

Financial services; Real estate investment

Sum of the years-digits depreciation is a method of depreciation under which the annual deduction for depreciation is computed by applying changing fractions to the basis of ...

sum-of-the-years-digits depreciation

Financial services; General Finance

Method of accelerated depreciation.

accelerated cost recovery system (ACRS)

Financial services; Real estate investment

Before 1981, assets used for the production of income were depreciable if they were subject to wear and tear or decline due to natural causes or obsolescence. Assets that did not ...

accelerated depreciation

Financial services; Real estate investment

Accelerated depreciation is a method of depreciation in which larger deductions are taken earlier in the life of the asset than with the straight-line method. Examples include the ...

account

Financial services; Real estate investment

An account is a written record of a business transaction expressed in money and kept in a ledger.

accounting principles

Financial services; Real estate investment

Accounting principles refer to an accounting doctrine that explains current practices and is a guide for the selection of accounting conventions or procedures when alternatives ...

accrued depreciation

Financial services; Real estate investment

Accrued depreciation is the difference between the cost of replacing new property and the present market value of the property.

active income

Financial services; Real estate investment

Active income is all taxable income of a taxpayer except income from a passive activity and portfolio income. Passive activity is something in which the taxpayer does not actively ...

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