0
What else can I help you with?
Is Section 179 deduction treated as an expense item?
It is depreciation. Depreciation, or cost recovery, is a method of taking the cost of an item as an expense over its usefull life.
What should be the depreciation rate on neon sign boards?
it should be 15 percent treated as tools and equipments
What is unabsorbed depreciation?
The amount of Depreciation allowance of any year which cannot be absorbed due to nonavailability of profits or gains chargeable for that year of such profits or gains being less than the allowance then the allowance or part of the allowance to which effect has not been given is treated as unabsorbed depreciation.
How do you calculate the depreciation deduction for equipment that was purchased three years ago but was not use for business purposes until this year?
It is treated as if you bought it this year. Depreciation can not be taken until an asset is put into use, regardless of when it is purchased.
How is bad debt treated in the preparation of cash budget?
Bad debt from creditors is not included in cash outflow of a cash budget. It is treated at a receipt that has not been collected.
Which also treated as Depreciation fund?
No FLow
Why depreciation and amortization are treated as non cash items?
Depreciation an amortization are treated as non cash items because the actual amount of depreciation can not be known in cash terms..the depreciation does not lead to any inflow ore outflow of cash ....the amounbt of depreciation is jst deducted frm the actual value of the asset
What is ProAssurance Corporation's motto?
ProAssurance Corporation's motto is 'Treated Fairly'.
Is Section 179 deduction treated as an expense item?
It is depreciation. Depreciation, or cost recovery, is a method of taking the cost of an item as an expense over its usefull life.
Why should depreciaon be treated as expense?
Depreciation should be treated as expense because the worth of the asset like machinery and building goes down as time goes by. This reduction in the amount cannot be collected by anyone and cannot be claimed. The company only has to bear this amount. Because of this depreciation is treated as an expense.
Why should depreciation be treated as expense?
Depreciation is a portion of fixed asset charged to income statement due to wear and tear of assets during use in business in fiscal year that's why that wear and tear is accounted for by using depreciation.
What should be the depreciation rate on neon sign boards?
it should be 15 percent treated as tools and equipments
What is unabsorbed depreciation?
The amount of Depreciation allowance of any year which cannot be absorbed due to nonavailability of profits or gains chargeable for that year of such profits or gains being less than the allowance then the allowance or part of the allowance to which effect has not been given is treated as unabsorbed depreciation.
Which of these business organizations is treated by law as if it were an individual person?
corporation
How do you calculate the depreciation deduction for equipment that was purchased three years ago but was not use for business purposes until this year?
It is treated as if you bought it this year. Depreciation can not be taken until an asset is put into use, regardless of when it is purchased.
A gift to a corporation is treated as a gift to the what?
A gift to a corporation is generally treated as a gift to the corporation itself, which is considered a separate legal entity. This means that the corporation can receive gifts in its own name, and these gifts do not typically have personal tax implications for the individual donors. However, the treatment of the gift may depend on specific circumstances, such as the nature of the gift and the relationship between the donor and the corporation.
What is an organization owned by many people but treated by law as thought it was a single person?
Corporation
