United States Department of Transportation
i
Report to the Congress on depreciation recovery periods and methods
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2000-07-01
[PDF-747.75 KB]
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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.
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