Sentences with phrase «in depreciable assets»
If the cash saved from deferring income taxes are invested in depreciable assets, the tax may never become payable.
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The National Association of Real Estate Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO») as net income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales of operating real estate assets and change in control of interests, plus (i) depreciation and amortization of operating properties and (ii) impairment of depreciable real estate and in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same basis.
A one - year doubling of the limitation on expensing depreciable business assets (that is, deducting their full cost in the year the investment was made).
• Demonstrated ability to maintain accounting records and databases and verify financial reports • Hands - on experience in determining values of depreciable assets and reconciling accounts with accuracy and in a time - efficient manner • Proficient in updating and confidentially maintaining accounting journals and ledgers and other financial records detailing business transactions
In addition, Davco owns the office building where it does business, which is worth $ 300,000 (net of the land value), and the business also has other depreciable assets that originally cost $ 50,000.
The reduction sets a precedent in statute that the appropriate depreciable life of assets is 15 years, say NAR analysts.
Business Assets: Real property, tangible depreciable property, intangible property and other types of property contained or used in a business.
Accelerated Depreciation: A depreciation method that allows you to deduct or depreciate a greater portion of the cost of depreciable property in the first years after the property is placed into service, rather than spreading (depreciating) the cost evenly over the life of the asset, as with the straight - line method.
A depreciable asset is a capital expenditure in depreciable property; used in a trade or business or held for the production of income and has a definite useful life of more than one year.
The rental deduction may exceed the depreciation in three cases: if the property consists primarily of a nondepreciable asset, such as land (although land is not depreciable, rental payments for the lease of land may be deducted); if the property has appreciated in value (while depreciation deductions are limited by the cost of the property, rental deductions may equal the fair market value of the property); or if the property has been fully depreciated.