Publication 946 2022, How To Depreciate Property Internal Revenue Service
In the fiscal year 2021, the company recorded $2.48 billion in depreciated expenses and had $24.42 billion in accumulated depreciation. Depreciable property is any asset that is eligible for tax and accounting purposes to book depreciation in accordance with the Internal Revenue Service’s (IRS) rules. Depreciable property can include vehicles, real estate (except land), computers, …