Sentences with phrase «accumulated depreciation from»

Actual cash value is typically calculated by subtracting a property's accumulated depreciation from its replacement cost.

The value of your item is arrived at by deducting the accumulated depreciation from the cost of the item.

Jackson Hewitt will pull your accumulated depreciation from the prior year's tax returns.

It allows you to determine the book value of a capital asset by subtracting the total accumulated depreciation from the asset's purchase price.

The value of your item is arrived at by deducting the accumulated depreciation from the cost of the item.

Not exact matches

When equipment are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and the resulting gain or loss is credited or charged to income.

As long as the sale of the taxpayer's principal residence occurs more than five years after the date of the acquisition of the residence, however the Section 121 (d)(10) limitation does not apply and gain (other than gain resulting from accumulated depreciation) may be excluded under Section 121 assuming that the sale otherwise satisfies the requirements for the home sale exclusion, such as the two - year use requirement.

This works in the same way as accumulated depreciation is deducted from the fixed asset cost account.