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Most capital assets, including used cars, can be depreciated. The exact rules for doing so can be a little tricky, so I recommend you consult a tax or accounting professional to be sure you're doing it correctly.
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∙ 13y ago
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Can Land be depreciated?
Land cannot be depreciated.
What is a historical tendency of vehicle values?
All cars depreciate from day one. In my life I have probably run across 2 cars that never depreciated. They all depreciate, and then some hit bottom, and come back. The muscle cars are a very good example of this. They depreciated. They sold new for 4-7k, and then at one point in time, you could purchase one for $500! and now some of them are worth an upwards of half of a million!
Should a garbage grinder be depreciated or expensed?
Depreciated. It is a improvement!
Why current assets are not depreciated?
current assets are not depreciated because depreciation process is use to allocate long term asset cost to specific fiscal year in which it used if fixed assets also fully used in one fiscal year then there is no need of depreciation as well.
What asset is not depreciated?
land
Which tangible fixed assets would not normally be depreciated?
Tangible fixed assets with an infinite life such as land do not need to be depreciated.
How do you center a list when creating a simple HTML webpage?
<center> tag can be used for centering a list. This has been depreciated in the latest versions.
Can an asset be depreciated to the point where its value becomes negative?
That can never happen. An asset will either be depreciated to its salvage value, or to zero, depending on whether or not it has a salvage value.
If a longlived asset is not used for a productive purpose should it be classified as an investment?
It should appear on the Balance Sheet as a Fixed Asset and depreciated accordingly.
You want to buy a used car that originally sold for 8994.00 and has depreciated by 30 percent What is the current value of the car?
Current value is 6295.80.
Though a piece of equipment is still being used the equipment should be removed from the accounts if it has been fully depreciated true or false?
False
Is it a law that insurance companies pay depreciated value?
no
