Tax Act

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August 25, 2024 3 min read Definitions

Component Depreciation: Understanding Asset Depreciation by Component

Finance Accounting Depreciation Asset Management Tax Act Cost Segregation Property Value

Component Depreciation involves depreciating property based on the lifespan of individual assets within it, such as electrical and plumbing components, roofs, and foundations. The method contrasts with composite depreciation and has seen diminished use due to tax regulations.

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