Sentences with phrase «depreciation of the asset»

The risk such as depreciation of assets belongs to clients.

For example, if you claim a deduction for depreciation of an asset, you reduce your basis in that asset by the amount of the deduction.

Instead, you would claim the annual depreciation of this asset, based on the asset class designated by the CRA (just look at the schedules provided by the CRA to determine what class the asset belongs to and then make the calculation accordingly).

How much depreciation of your assets would you be willing to take in a bad year (e.g. the worst in 20 years)?

Amortization is the monthly depreciation of an asset that depreciates over time.

Verified that accurate and correct depreciation rates were being applied to various company assets, to avoid negative depreciation of those assets.

When you consider that, along with the likely depreciation of the asset and excessive rental supply in many of the turnkey areas it's prudent for investors to proceed with caution.

Records to figure the annual depreciation of assets, and the gain or loss when you sell the assets should be kept.

So you can deduct the depreciation of the asset from your business's income, which would then get passed on to your personal taxes (reducing the profit from your business).

But remember, the CRA also lumps all capital costs — the depreciation of assets — into one lump sum.

Depreciation of an asset can reduce your basis.

This is similar to the depreciation of any asset, with the difference being that the depreciation comes in spurts, like the time decay of an option.

The classification of assets can become much more complicated because sometime separate property commingles with marital property and becomes jointly owned, because the determination of the DOS (Date of Separation) varies from one jurisdiction to another and because of the appreciation and depreciation of assets.

It does not include the financial losses as a result of time out of work, depreciation of assets, etc..