A method to deduct asset costs faster than straight-line depreciation.
Description
Accelerated depreciation allows family offices to write off the cost of assets, like equipment or property, more quickly in early years, reducing taxable income. Methods like MACRS (Modified Accelerated Cost Recovery System) are used in private business or real estate investments to enhance cash flow. It requires compliance with IRS rules and impacts financial statements. Wealth managers leverage it for tax-efficient strategies.
