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Tom Meaglia, ChFC®, AEP®,
CLU®, CRPC®, MSFS
Chartered Financial Consultant
Investment Advisor Representative
Chartered Retirement Planning Counselor
CA Insurance Lic. #0567507
Meaglia Financial Consulting
2105 Foothill Blvd., #B140, La Verne, CA 91750
Toll Free: 800-386-3700
Bus: 909-593-6105
Cell: 818-681-8600
Fax: 909-593-6120
Email: tom@meagliafinancialconsulting.com
Website: www.meagliafinancialconsulting.com
Depreciation is the process of deducting the cost over time of a tangible or physical asset you bought for your business. When you depreciate assets, the amount of money you write off each year reflects how much of the asset’s value has been used up. Some examples of assets that can be depreciated by small businesses include vehicles, office furniture and equipment, computers and buildings.
Under MACRS, assets are assigned to a specific asset class. The asset class determines the asset’s useful life and the number of years the business will depreciate the asset. As an example, vehicles and computers are depreciated over five years, while commercial real estate is depreciated over 39 years.
Depreciation calculations can be complex. If you have assets that could be subject to depreciation, seek guidance from your tax professional.
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Investment advisory services are offered through Fusion Capital Management, an SEC Registered Investment Advisor. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration is not an endorsement of the firm by the commission and does not mean that the advisor has attained a specific level of skill or ability. All investment strategies have the potential for profit or loss.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
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