The cost of acquisition, construction or production of tangible personal or real property (except land) used in the business may be recovered through depreciation over the useful life of the assets. Amortization of intangible assets is not allowed unless they grant their respective owners a right lapsing at a specific time by operation of law. Thus, trademarks, know how, or goodwill may not be amortized for tax purposes, while patents and copyrights are tax depreciable. In general, depreciation deductions are determined under the straight-line method by dividing the cost of acquisition by useful life. Accelerated amortization deductions are available under specific incentive regimes (see Sec. 10.6.).
Resident taxpayers have been granted an optional one-time mechanism for tax revaluation of fixed assets, shares in Argentine companies and intangible assets located in Argentina. The option may be exercised for tax years ending on or after 29 December 2017. The new tax value is calculated by adjusting the original or written down value of the asset.