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What else can I help you with?
Is recording an annual depreciation expense an accrued expense?
Yes. Annual depreciation is the method by which we allocate the cost of a tangible asset over the course of its useful life independent of the cash flows associated with it. As a result, it is considered an accrued expense.
Can an annual credit card fee be a prepaid expense?
yes
Is a crummey trust an irrevocable trust?
Yes, a Crummey trust is a specific type of irrevocable trust commonly used in estate planning to take advantage of annual gift tax exclusion amounts. Beneficiaries of a Crummey trust have the right to withdraw gifts made to the trust within a certain period, after which the gifts become irrevocable.
How much is President Obama getting paid?
The annual salary of President Obama is about $400,000, plus a $50,000 expense account.
What does they annual expense ratio mean?
A measure of what it costs an investment company to operate a mutual fund. An expense ratio is determined through an annual calculation, where a fund's operating expenses are divided by the average dollar value of its assets under management.
You purchased a delivery van for 23000 with a salvage value of 3000 on sept 1 It has a useful life of 5 yrs using the straight-line method how much depreciation expense should be in Dec?
The annual depreciation expense for the delivery van would be calculated as (Cost - Salvage Value) / Useful Life. In this case, the annual depreciation expense would be (23000 - 3000) / 5 = 4000. For December, you would have incurred 4/12 of the annual depreciation expense, which equals 1333.33.
Are business credit card annual fees tax deductible?
Yes, business credit card annual fees are generally tax deductible as a business expense.
Can annual expense such as liability ins be divided by 12 months and expenses each month?
stupid person!
What does no fee software mean?
It simply means that they do not want a software that cost's an annual amount, or a monthly expense.
What salary does the President receive?
The President of the United State's salary is approximately $400,000 per year. This continues once they have left office in the form of a pension which is equal to the cabinet secretary's pay.Yes. He is compensated at the rate of $400,000 per year. The president also receives several expense accounts.The president earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 non-taxable travel account and $19,000 for entertainment.
What is the salary and the allowances for the president?
The president earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 non-taxable travel account and $19,000 for entertainment
How do you find annual percent of budget and income?
To find the annual percent of a budget or income, first determine the total budget or income for the year. Then, divide the specific category or expense amount by the total budget or income and multiply by 100 to convert it to a percentage. For example, if your total income is $50,000 and a specific expense is $10,000, the annual percent of that expense is ($10,000 / $50,000) x 100, which equals 20%. This method helps you understand how each component fits into your overall financial picture.
