New York Codes, Rules and Regulations
Title 10 - DEPARTMENT OF HEALTH
Chapter V - Medical Facilities
Subchapter A - Medical Facilities-minimum Standards
Article 9 - Residential Health Care Facility Uniform Reporting
Part 451 - Definitions
Section 451.1 - Accelerated depreciation
Universal Citation: 10 NY Comp Codes Rules and Regs ยง 451.1
Current through Register Vol. 46, No. 39, September 25, 2024
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.
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