Can you capitalize a parking lot?

Can you capitalize a parking lot?

Parking lots serve as essential amenities for businesses, offering convenience to customers, employees, and visitors. However, the construction or acquisition of parking facilities involves significant financial investments. In this investigation, we will explore the...
WHAT IS BONUS DEPRECIATION?

WHAT IS BONUS DEPRECIATION?

Bonus depreciation is a powerful tax incentive that offers businesses the opportunity to accelerate their tax deductions for qualifying assets, such as parking lots. This strategy enables businesses to deduct a portion of the cost of these assets immediately,...