Depreciable Property

  • 2 Posts
  • 1 Sections
  • 1 Types
Definitions
Business Property
Business Property Trade and Business Capital Asset Depreciable Property Real Property Intangible Assets Inventory Trade Receivables
Business property refers to any property used in a trade or business that is not classified as a capital asset. This could include inventory, property held for sale, trade receivables, depreciable property, real property, and intangible assets like copyrights or trademarks.
Read more about Business Property.
Definitions
Depreciation System: General Depreciation System
Depreciation System General Depreciation System GDS Tax Depreciation MACRS Depreciable Property IRS Cost Recovery
The General Depreciation System (GDS) is a tax depreciation system used to determine the depreciation deduction for depreciable property using the Modified Accelerated Cost Recovery System (MACRS) in the United States.
Read more about Depreciation System: General Depreciation System.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.