depreciation

The company isn’t expected to report positive earnings before interest, taxes, depreciation, and amortization, or Ebitda, until 2030.

Adjusted earnings before interest, taxes, depreciation, and amortization came in at $5.6 billion, down by the same percentage.

Adjusted earnings before interest, taxes, depreciation and amortization came in at $49 million for the fourth quarter, up from $42 million a year earlier.

“For most sales, the basis is the amount the taxpayer invested in the asset, adjusted for subsequent improvements, depreciation, and certain other items. For gifts and bequests, however, special basis rules apply.”

Called bonus depreciation, the tax break applies to purchases such as new carpeting or appliances for owners of rental properties, or new computer equipment or a vehicle for business owners.