PPT-Depreciation

httpwwwinvestopediacomtermsddepreciationasp Depreciation Buildings machinery equipment furniture fixtures computers outdoor lighting parking lots cars and trucks are examples of . 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 . Revenue Canada . for tax purposes. Depreciation itself is a non-cash expense; consequently, it is only relevant because it affects taxes. Depreciation tax shield = DT. D = depreciation expense. T = marginal tax rate. 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. 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.. in Accrual Accounting. . G.vijaya. . kumar. . Prof.nac. Introduction:. . Schedule XIV has been replaced with schedule II for depreciation calculation. Chapter 9. 1. Learning Objectives. 2. Measure the cost of a plant asset. Account for depreciation. Record the disposal of an asset by sale or trade. Account for natural resources . Account for intangible assets. Asst.Prof. Dr. Panchat Akarak. p.thipnew1@hotmail.com. School of Accounting . Chiang Rai Rajabhat University. Adjusting . the Accounts . -Accrual Basis. -Errors Recorded. -Financial information Quality . 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 . 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 .