Report to the Congress on depreciation recovery periods and methods

Details

• Corporate Creators:
  United States. Internal Revenue Service
• Subject/TRT Terms:
  Assets Capitalized Costs Cost Recovery Depreciation Economic Recovery Financial Analysis Income Investments Recommendations Savings Taxes

  More +
• Resource Type:
  Policy Statement
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Department of Treasury
• Abstract:
  This report provides the results of Treasury’s analysis of depreciation recovery periods
  
  and methods under section 168. As discussed in this introduction and in more detail in the
  
  report, an analysis of the current U.S. depreciation system involves several issues, including
  
  those relating to proper income measurement, savings and investment incentives, and
  
  administrability of the tax system. The history of the U.S. tax depreciation system has shown
  
  that provisions intended to achieve certain of these goals (for example, attempting to measure
  
  income accurately by basing depreciation on facts and circumstances) may come at the cost of
  
  other worthwhile goals (for example, reducing compliance and administrative burdens).
  
  Accordingly, the present report identifies issues relating to the design of a workable and
  
  relatively efficient depreciation system, and reviews options for possible improvements to the
  
  current system with these competing goals in mind.
  
  
• Format:
  PDF
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:22eb6ef561d5fd940bb5d0d65ce952552ea05a6de24c5fcb40135171df7c679cc482402620a2298c11e2f6db7fddbcc97e58f8ee6ae1670288aa2c08e83eb28c
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/15496/dot_15496_DS1.pdf
• File Type:
  [PDF - 747.75 KB ]