fully depreciate
Frequency: 5.04.2 per million words
to decrease in value to the maximum extent allowed, for tax purposes
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Examples (10)
- Under the new tax law, a business can fully depreciate the cost of new equipment in the first year.
- We plan to fully depreciate our old computer servers over the next fiscal year.
- The accountant advised us to fully depreciate the software purchase immediately to maximize tax benefits.
- Once an asset has been fully depreciated, its book value for tax purposes is zero.
- The company's policy is to fully depreciate all qualified assets as quickly as legally possible.
- Did you remember to fully depreciate the new delivery van on this year's tax return?
- It is often financially advantageous to fully depreciate capital expenditures in the year they are made.
- The machinery was fully depreciated on the balance sheet, reflecting its five years of service.
- To encourage investment, the government allows companies to fully depreciate certain types of property.
- After you fully depreciate a vehicle, you can no longer claim depreciation expenses for it.