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Straight-Line Depreciation

   Also found in: Financial, Wikipedia 0.01 sec.

A method employed to calculate the decline in the value of income-producing property for the purposes of federal taxation.

Under this method, the annual depreciation deduction that is used to offset the annual income generated by the property is determined by dividing the cost of the property minus its expected salvage value by the number of years of anticipated useful life.
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The "price" of electing this new refundable credit, however, is that the corporation must use straight-line depreciation for property that otherwise would be eligible for bonus and modified accelerated cost recovery system (MACRS) depreciation.
Sec. 168(k)(4) credit in lieu of bonus depreciation by Arkin, Steven / The Tax Adviser
Because straight-line depreciation has been required for all depreciable realty purchased after 1986, there is no section 1250 recapture on that property, and the gain on its disposal is eligible for long-term capital gain treatment under section 1231.
Best of both worlds? Timing is key in disposing of business property by Cook, Ellen D.; Ward, Dan R.; Ward, Suzanne Pinac / Journal of Accountancy
Nonresidential property-related improvements placed in service after the date of enactment (and before January 1, 2006) qualify for a 15-year recovery period, using straight-line depreciation instead of being required to be depreciated over 39 years.
The American Jobs Creation Act of 2004: an overview by Kess, Sidney / The National Public Accountant
 
 
 
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