PPT-Chapter 7 Accounting Periods & Methods & Depreciation

Income Tax Fundamentals 2011 Gerald E Whittenburg amp Martha Altus Buller Student Copy 2011 Cengage Learning Accounting Periods PartnershipsSCorporations may elect to adopt a different fiscal tax year from the one prescribed on previous slide but only. Chapter . 12. Accrued depreciation. Age-life method. Book value. Capitalized income method. Cost basis. Cost-to-cure method. Curable depreciation. Curable postponed. Current-value accounting. Deferred maintenance. Heavy periods. History. Before 1990 - 60% ended up with hysterectomy. Since 1990 – rapid decrease in hysterectomy. Family history. May influence patient expectation. ICE early. Heavy periods. Normal or abnormal. Reference sections: 123(2) and Schedule II. . PART-A. 1- Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value. The useful life of an asset is the period over which an asset is expected to be available for use by an entity, or the number of production or similar units expected to be obtained from the asset by the entity. Chapter 8. McGraw-Hill/Irwin. © 2009 The McGraw-Hill Companies, Inc.. Accelerated Depreciation. Depreciation. Repair. Expense. Expense. Early Years. High. Low. Later Years. Low. High. Accelerated depreciation . Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 11. Explain the accounting procedures for depletion . of mineral . resources.. Explain . the accounting for revaluations.. Chapter . 12. Accrued depreciation. Age-life method. Book value. Capitalized income method. Cost basis. Cost-to-cure method. Curable depreciation. Curable postponed. Current-value accounting. Deferred maintenance. All manufactured items decrease in value over time – as they wear out or are replaced by better technology.. This is called depreciation.. This is regarded as an expense.. The loss in value of an item can only be estimated as the real cost is only known when the item is sold.. The standard was extensively revised in Dec 2003. The new title reflects the fact that the material on determining net profit or loss for the period has been transferred to IAS 1.. Mr. Barry. A-level Accounting Year 13. Depreciation. – the reduction in value of an asset. Used to reflect remaining value of an asset over its useful life.. Book Depreciation. – used by corporations for internal financial accounting. Chapter . 12. Accrued depreciation. Age-life method. Book value. Capitalized income method. Cost basis. Cost-to-cure method. Curable depreciation. Curable postponed. Current-value accounting. Deferred maintenance. Speakers:. Dawn Polin. Senior Manager, Cherry . Bekaert. LLP. Cathy Harris. President, Harbor Tax Group. Agenda. The preferential 1231 LT capital gain rate of 20% was put in place to encourage investment . Resource 2016. Local Government Corporation. Capital Assets. Certified Continuing Professional Education Class. 2. -hour credit. Must remain for the entirety of the class to receive CPE credit. Must sign in and sign out to receive CPE credit. Kamille Freitas, Rush Arts. Class of 2018. 3/8/2017 - . Independent Study Project. What people think periods are?. https://youtu.be/JxdGj3GEqds. . What is a . Menstruation. ? . Menstruation. is a woman's monthly “bleeding” When you menstruate, your body sheds the lining of the . 16th . Edition. Kieso . ●. . Weygandt . ●. . Warfield. . Identify . types of accounting changes and understand the accounting for changes in accounting principles. .. Describe . the accounting for changes in estimates and changes in the reporting entity..