Philip Gelderblom has been writing professionally since the '90s. He has written mainly content on a freelance basis, including about cars, future cars, EVs, hybrids and hydrogen cars, self-driving ...

With IRS staff under pressure, developing internal processes and documenting fixed assets can avoid extended reviews and additional information requests, writes a construction accountant.

Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring repair or replacement. Depreciation helps companies account for the ...

Bonus depreciation lets businesses immediately deduct the full cost of qualifying assets, such as property with a tax life of 20 years or less, when placed in service. The OBBBA permanently restored ...

The takeaway from this article is to understand that the acronyms of RCV and ACV simply characterize the inclusion or exclusion of recoverable depreciation. These terms do not, under any circumstance, ...

If you own income-producing real estate, cost segregation can be one of the most powerful tools to improve cash flow. A properly prepared study reclassifies parts of a building into shorter-life asset ...

These models are rapidly losing value, making them the ones to look out for if you're bargain hunting.

Nikesh Kooverjee has been contributing to the automotive sphere for 11 years. His previous roles include Digital Editor at CAR South Africa and associate editor at CarBuzz. He has always had a strong ...