Research Report Expensing
From The Encyclopedia of Taxation and Tax Policy
Joseph J. Cordes
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Expensing is a system allowing a taxpayer to deduct the costs of acquiring a depreciable capital asset immediately as these costs are incurred, instead of taking a stream of depreciation deductions over the useful life of the asset. This article uses an example to illustrate the financial effects of allowing investment costs to be expensed.
Research Areas Taxes and budgets
Tags Taxes and business Federal budget and economy
Policy Centers Income and Benefits Policy Center