Write-Offs vs. Write-Downs A write-down is where the book value of an asset is reduced below its fair market value. For example, damaged equipment may be written down to a lower value if it is ...

Depreciation: (cost of asset - salvage value)/useful life The declining balance method is a type of accelerated depreciation used to write off depreciation costs earlier in an asset's life and to ...

Both major parties have committed to boosting the instant asset write-off tax break scheme should they win the upcoming federal election. Labor has committed to extending the $20,000 instant asset ...

Labor's plan to extend the instant asset write-off was technically accounted for in its latest budget, even though it was not announced.

Grant Cardone does everything he can to minimize his income taxes. The real estate investor and bestselling author moved to ...

Labor has backflipped on its intention to reduce a popular tax time setting for farmers and small businesses by promising to keep the instant asset write-off at $20,000 if reelected. National ...

Register an account or skip for now to do it later. Farmers are welcoming Labor’s election promise for instant asset write offs, but wants it to go further. The federal government would extend the 20 ...