The Number of Years Over Which an Asset Is Depreciated

question 84

Short Answer

The number of years over which an asset is depreciated for tax purposes

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Definitions:

Orders

A command or directive given by someone in authority.

Administrative Agencies

Government bodies responsible for implementing and enforcing specific statutes and regulations at the federal, state, or local level.

Interpretive Rules

Interpretive Rules are administrative agency statements that clarify or interpret existing statutes or regulations but do not have the force of law.

Legislative Rules

Regulations created by governmental bodies empowered to do so, meant to guide the implementation and enforcement of laws.