Depreciation is the recovery of the cost of a physical asset, like property or equipment, over multiple years. It allows companies to spread out the cost of some expenses, reduce taxable income and ...

Depreciation recapture is the process by which the IRS reclaims tax benefits previously obtained through depreciation when an investor sells a depreciable asset for more than its depreciated value.

John McCoy, of Orthman Manufacturing Inc. and President of the Farm Equipment Manufacturers Association, said the Association is among the many agricultural groups urging the Ways & Means House ...