N.Y. Comp. Codes R. & Regs. tit. 10 § 451.1

Current through Register Vol. 46, No. 53, December 31, 2024

Section 451.1 - Accelerated depreciation

Method of depreciation which generates a greater amount of expense in the earlier life of an asset, and less expense in the later years, than the straight-line method. The purposes for adopting such a method would be:

(a) operation of plant or equipment at more than normal speed, use or capacity;

(b) a useful or economic life materially less than physical life;

(c) an excessive cost being written off during what is estimated to be the high-price period; and

(d) tax advantages arising from the use of declining-balance and sum-of-the-years methods.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.1