Report to the Congress on depreciation recovery periods and methods

Details

• Corporate Creators:
  United States. Internal Revenue Service
• Subject/TRT Terms:
  • Depreciation
  • Financial analysis
  • Assets
  • Capitalized costs
  • Cost recovery
  • Depreciation
  • Economic recovery
  • Income
  • Investments
  • Recommendations
  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.
  More +
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/15496/dot_15496_DS1.pdf
• File Type:
  [PDF - 747.75 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:22eb6ef561d5fd940bb5d0d65ce952552ea05a6de24c5fcb40135171df7c679cc482402620a2298c11e2f6db7fddbcc97e58f8ee6ae1670288aa2c08e83eb28c