PPT-PATH Act of 2015 With a Focus on Depreciation and the R&D Tax Credit

PATH Act of 2015 With a Focus on Depreciation and the RampD Tax Credit David DeGrand CPA SourceHOV Tax Director Business Development Agenda 2 3 Extenders Overview The PATH Act retroactively extends approximately 50 taxpayerfavorable tax extenders. 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. of Accounts. Workshop for Accountants. ICAI . Bhawan. , . Vadodara. – 8. th. July, 2014. *********************************************. CA. . Kejal. V. . Pandya. Partner. Contractor, . Nayak. & . 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 . Dr. Kent Fleming. Department of Applied Economics, OSU. 1. January 15, 2015. OSU- SOREC. January 16, 2015. UCC - SOWI. January 20, 2015. OSU- Yamhill . Tax Avoidance. Tax . evasion. is a crime, but tax . 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.. 30. Chapter 9. Contemporary Engineering Economics. Copyright © . 2016. Chapter Opening Story . Delta Airlines has invested $100 million in improving luggage handling technology and equipment.. How. does the cost of this . 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. 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; . David DeGrand, CPA. SourceHOV | Tax. Director, Business Development . Agenda. 2. 3. Extenders Overview. The PATH Act retroactively extends approximately 50 taxpayer-favorable tax extenders. . Tax extenders are temporary tax provisions that are routinely extended by Congress on a one or two year basis. . 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 .