Can someone explain depreciation?

Discussion in 'Business Operations' started by Daves Propert Maintenance, Feb 12, 2006.

  1. Daves Propert Maintenance

    Daves Propert Maintenance LawnSite Member
    from USA
    Messages: 83

    I am trying to figure out the easiest and chaepest way to determine depreciation on my equipment and vehicle. I am looking for the largest depreciation rebate possible.
  2. 6'7 330

    6'7 330 LawnSite Bronze Member
    Messages: 1,821

    You can depreciate it over a 5 to 7 year period, with methods like macrs.Or you can depreciate as much of it as you can under section 179, taking the deduction all in one year.
    I would suggest talking to an accountant, and consulting with him about the subject.

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