It's not that Uncle Sam does not want your clients to deduct those big-ticket items that are critical to running almost any business. The less cynical among us would nod and agree with the Internal Revenue Service's position that the cost of big-buck expenditures should be matched with the useful business life of the asset.Then there are those who suspect that the government would simply prefer that you don't apply the full cost of that Learjet that your client picked up this year to offset their current fiscal year's revenue.

Either way, depreciation and amortization have been around for quite some time, and definitely show no signs of going away. Instead, the methods used to calculate how much your client should deduct each year, and how many years the purchase needs to be spread over, just keep getting more and more complicated.

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