PPT-Depreciation Recapture Concepts

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 . AAE 320. Paul D. Mitchell. Goal. Overview accounting balance sheet as it pertains to agricultural operations. How to read a balance sheet. Methods used to prepare . a balance . sheet. Depreciation methods. 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. 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. http://www.investopedia.com/terms/d/depreciation.asp. Depreciation. Buildings, machinery, equipment, furniture, fixtures, computers, outdoor lighting, parking lots, . cars, and . trucks are examples of . 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.. in Accrual Accounting. . G.vijaya. . kumar. . Prof.nac. Introduction:. . Schedule XIV has been replaced with schedule II for depreciation calculation. EGN . 3615. ENGINEERING ECONOMICS . WITH SOCIAL AND GLOBAL IMPLICATIONS. 1. Engineering Economics and.... Chapter Outline. Basic Aspects of Depreciation. Straight-Line Depreciation. Declining Balancing. Update. 2013. : . Excursion/St. James. 2014: . Pybus. 2015: Seymour . Canal. St. James 2013. Mark: . 167 pot lifts, 36 crab tagged. . Not enough tagged to produce a viable estimate. . . Excursion 2013. 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. 3615. ENGINEERING ECONOMICS . WITH SOCIAL AND GLOBAL IMPLICATIONS. 1. Engineering Economics and.... Chapter Outline. Basic Aspects of Depreciation. Straight-Line Depreciation. Declining Balancing. Modified Accelerated Cost Recovery System (. Estimating Population Size. Integral part of population dynamics . Helps ecologists see changes over time. Estimating Mobile Organisms. How would you estimate a population of mice?. Income Tax Fundamentals 2011 . Gerald E. . Whittenburg. &. Martha Altus-. Buller. Student Copy. 2011 Cengage Learning. Accounting Periods. Partnerships/S-Corporations may elect to adopt a different fiscal tax year from the one prescribed on previous slide, but only. 11/23/2011 5:59 AM. Dr. Mohammad Abuhaiba, PE. 1. 7.2 Depreciation Concepts and Terminology. Depreciation. Decrease in value of physical properties with passage of time and use. Accounting concept establishing annual deduction against before-tax income. BY ASST. PROF DR. J . SAHA. DEPARTMENT . OF COMMERCE. Depreciation. . Accounting. Definition. A measure of . the . wearing . out, consumption or other . loss of . value of depreciable . assets .