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carrying amount x
less future texable benefits from recovery of c.v (x)
add future detuctible amounts x
tax base x
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How do you calculate purchase consideration under net asset method?
under NET ASSET VALUE method all the ASSETS-LIABILITIES we need to calculate
How does asset depreciation affect my tax burden?
Asset Depreciation will decrease your tax amount owed. If you have assets that have decreased in value and qualify, you can file the loss on your taxes and be credited that amount toward your tax bill.
How you Calculate Provision for Income tax?
how to calculate provison for income tax
How do you calculate total asset turnover?
Total asset turnover ratio = total sales / total assets
Do you have to pay capital gains tax on property inherited from a trust?
No. Capital gain tax is a tax that is assessed when an asset is sold. The passing of an asset by inheritance (one received by the laws of intestacy when a decedent dies without a will) or an asset distributed from a trust does not constitute a sale; thus, the tax is not triggered. The tax is triggered when the property, inherited from a decedent or as a distribution from the trust, is sold. Assets owned by a decedent (or his revocable trust) get a new basis when the decedent dies, equal to the asset's value as of the date of death. If you sell the asset for more than the basis, then the tax is payable on the sale price, minus the basis. On the other hand, if an asset is owned by a trust, is sold by the trust, and proceeds are received by the trust, the trust must pay the capital gain tax.
How do you calculate initial investment in an asset?
Cost of new asset+cost of installation - after tax proceeds from sale of old asset +/- change in net working capital
What is compound tax?
It is a tax applied on top of an asset that has already been taxed.
How do you calculate purchase consideration under net asset method?
under NET ASSET VALUE method all the ASSETS-LIABILITIES we need to calculate
How does asset depreciation affect my tax burden?
Asset Depreciation will decrease your tax amount owed. If you have assets that have decreased in value and qualify, you can file the loss on your taxes and be credited that amount toward your tax bill.
What form do you use to transfer an asset to your friend at another base?
None. The EC can never transfer an asset to another base.
How you Calculate Provision for Income tax?
how to calculate provison for income tax
Is deferred income tax current asset?
yes
What does DTA stands for in banking?
Deferred Tax Asset
How do you calculate builders cot sales tax?
how do you calculate builders cot tax
How do you calculate total asset turnover?
Total asset turnover ratio = total sales / total assets
How do you calculate the net asset ratio?
Net Asset Ratio = Total Net Assets/Total Assets
Do you have to pay capital gains tax on property inherited from a trust?
No. Capital gain tax is a tax that is assessed when an asset is sold. The passing of an asset by inheritance (one received by the laws of intestacy when a decedent dies without a will) or an asset distributed from a trust does not constitute a sale; thus, the tax is not triggered. The tax is triggered when the property, inherited from a decedent or as a distribution from the trust, is sold. Assets owned by a decedent (or his revocable trust) get a new basis when the decedent dies, equal to the asset's value as of the date of death. If you sell the asset for more than the basis, then the tax is payable on the sale price, minus the basis. On the other hand, if an asset is owned by a trust, is sold by the trust, and proceeds are received by the trust, the trust must pay the capital gain tax.
