How Bonus Depreciation Affects Business Taxes
Fundera
AUGUST 9, 2020
A concept that can be confusing and frustrating for small business owners—especially come tax season —is depreciation. With depreciation, you buy an asset, like a computer, and even though the money has already left your bank account you can’t recognize the full expense. This accounting rule can make purchasing assets challenging for small businesses, which isn’t ideal.
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