Series 22: 2.2.1.3. Recovery Method

Taken from our Series 22 Top-off Online Guide

 2.2.1.3.  Recovery Method

As a method of cost allocation, depreciation allocates the costs of an asset for income tax purposes over the years of its economic life. Once an asset’s costs and useful life are known, those costs may be allocated in one of several ways.

Since you're reading about Series 22: 2.2.1.3. Recovery Method, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 22
Please Enable Javascript
to view this content!