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The article, “Proposed legislation aims to simplify depreciation,” written by Selden Fox tax manager Dan DiMario was published in Daily Herald Business Ledger on May 30, 2016.┬áThe article addresses a discussion draft of legislation, dubbed the “Cost Recovery Reform and Simplification Act of 2016” recently introduced by U.S. Senator Ron Wyden (D-OR), a Ranking Member of the Senate Finance Committee. The legislation seeks to reform the current cost recovery system (MACRS and ADS) and replace it with a simplified Accelerated Mass Asset Cost Recovery and Reinvestment System (A-MACRRS).