PPT-Chapter 11 Depreciation

EGN 3615 ENGINEERING ECONOMICS WITH SOCIAL AND GLOBAL IMPLICATIONS 1 Engineering Economics and Chapter Outline Basic Aspects of Depreciation StraightLine Depreciation Declining Balancing. Long-Lived Assets. Presenter’s name. Presenter’s title. dd. Month . yyyy. costs that are . capitalized . and costs that are expensed . when incurred. Long-lived . assets . (noncurrent . assets or long-term . Double entry records for depreciation. Learning objectives. After you have studied this chapter, you should be able to:. Incorporate depreciation calculations into the accounting . records. Record the entries relating to disposal of non-current . Accounting Periods and Methods and Depreciation. Income Tax Fundamentals . 2013. Student Slides . Gerald E. Whittenburg . Martha . Altus-. Buller. Steven Gill. 2013 Cengage Learning. Accounting Periods. Depreciation, Impairment, and Disposition. 11:. After Studying this chapter you should be able to:. Understand the importance of depreciation, impairment, and disposition from a. business perspective.. Long-Lived Tangible and Intangible Assets. PowerPoint Authors:. . Brandy Mackintosh. Lindsay . Heiser. Learning Objective 9-1. Define, classify, and explain the nature of long-lived assets.. Tangible. Long-Lived Tangible and Intangible Assets. PowerPoint Authors:. . Brandy Mackintosh. Lindsay . Heiser. Learning Objective 9-1. Define, classify, and explain the nature of long-lived assets.. Tangible. Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 11. Explain the accounting procedures for depletion . of mineral . resources.. Explain . the accounting for revaluations.. . Self-Employed. Business Income Schedule C. “A fine is a tax for doing something wrong. . A tax is a fine for doing something right.”. -- Anonymous. LO #1- Income and Expenses of the Self-Employed. 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 (. 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. how capital accumulates over time, helping us understand economic growth. . the role of the diminishing marginal product of capital in explaining differences in growth rates across countries. . the principle of transition dynamics: the farther below its steady state a country is, the faster the country will grow. . J C. Hobbs. Extension Tax Specialist. 580-237-7677. jc.hobbs@okstate.edu. Depreciation Tools. Based upon 2017 Tax Laws. Options available. Use in Income Tax Management. Depreciation. What is depreciable? (Machinery, equipment, vehicles, certain livestock, buildings, and other farm assets with a useful life greater than one year.). 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.