Official Select Game Mode Easy Normal Hard 2020 Shirt

Tax guy here. Depreciation is a personal favorite of Trump (and most big businessmen). His tax reform included a provision allowing for 100% bonus depreciation, meaning that a business can essentially write off or expense 100% of the cost of an asset in the year of purchase rather than depreciate it over time, which is the whole concept of depreciation - to take the tax benefit over the useful life of the asset. There were already several mechanisms in the tax code for accelerating depreciation before Trump's plan - section 179 depreciation and limited bonus depreciation.

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