PPT-Depreciation Model

Case of Russia and Kazakhstan May 02 2014 Mavzuna Turaeva Kwang Jae Sung GAMS MODEL PROJECT SPRING 2014   1 Introduction Dependence of a smaller economy upon a bigger economy RussiaKazakhstan. 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. What is Depreciation?. Decreasing the value of a fixed asset over its useful life. What do we Depreciate?. FIXED ASSETS . Examples: . Office Furniture. Automobile. Building. Except Land. We do not depreciate . 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.. EGN . 3615. ENGINEERING ECONOMICS . WITH SOCIAL AND GLOBAL IMPLICATIONS. 1. Engineering Economics and.... Chapter Outline. Basic Aspects of Depreciation. Straight-Line Depreciation. Declining Balancing. 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 (. 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 . 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. . 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.). except. the following :-. Forests, plantations and similar regenerative natural resources; . Wasting assets including expenditure on the exploration for and extraction of minerals, oils, natural gas and similar non-regenerative resources; . 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. . Jung-woo Sohn (. jzs177@psu.edu. ) . Announcements:. No class on next Thursday (December 11. th. ). Instead, we will have a class time on Wednesday evening (December 10. th. ). Around 6pm?. Topic: Final review.