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2. MACRS - Wikipedia

   en.wikipedia.org/wiki/MACRS

   MACRS. The Modified Accelerated Cost Recovery System (MACRS) is the current tax depreciation system in the United States. Under this system, the capitalized cost (basis) of tangible property is recovered over a specified life by annual deductions for depreciation. The lives are specified broadly in the Internal Revenue Code.

3. Recoverable depreciation in home insurance: what it is and ...

   www.aol.com/finance/recoverable-depreciation...

   By dividing its lifespan (14 years) by the total cost ($1,500), home insurance companies can arrive at a data-based insurance recoverable depreciation estimate. In this example, for each year of ...

4. Cost basis - Wikipedia

   en.wikipedia.org/wiki/Cost_basis

   Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property is sold, the taxpayer pays/ (saves) taxes on a capital gain / (loss) that equals the amount realized on the sale minus the sold property's basis. Cost basis is needed because tax is due based on ...

5. Actual cash value - Wikipedia

   en.wikipedia.org/wiki/Actual_cash_value

   Actual cash value. In the property and casualty insurance industry, actual cash value (ACV) is a method of valuing insured property, or the value computed by that method. Actual cash value (ACV) is not equal to replacement cost value (RCV). Actual cash value is computed by subtracting depreciation from replacement cost. [1]

6. How Do I Calculate Depreciation For Taxes? - AOL

   www.aol.com/finance/calculate-depreciation-taxes...

   To calculate this, double the depreciation rate used with the straight-line method and multiply that by its book value at the beginning of the year. The example laptop would depreciate $180 the ...

7. Replacement value - Wikipedia

   en.wikipedia.org/wiki/Replacement_value

   In the insurance industry, "replacement cost" or " replacement cost value " is one of several methods of determining the value of an insured item. Replacement cost is the actual cost to replace an item or structure at its pre-loss condition. This may not be the "market value" of the item, and is typically distinguished from the "actual cash ...