Sentences with phrase «of accumulated depreciation»

Using the example described here, the previous year's tax return might show a $ 390,000 nonresidential property with $ 100,000 of accumulated depreciation.

The current year's tax return — the one on which the partial disposition appears — might show a $ 270,000 $ 351,000 building without roof which has $ 90,000 of accumulated depreciation and a $ 39,000 roof with $ 10,000 of accumulated depreciation.

Property and equipment, net of accumulated depreciation and amortization of $ 651.7 and $ 623.3, respectively

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.

Fixed Asset Turnover = Sales / Net Fixed Assets (Fixed Assets — Accumulated Depreciation) this ratio provides an idea of how effectively your Fixed assets are contributing to operations.

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

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

Accumulated depreciation is the total amount of depreciation that has been charged to an asset since that asset was purchased.

After one year, the machine in our example will have accumulated depreciation of $ 1,000.

The depreciation (capital cost allowance) you claim over the years may also come back to bite you when you sell the property, as all of the accumulated deductions must be claimed on your Canadian tax return in the year you sell the property (called recapture).

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

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.

Additionally, as we mentioned earlier in this article, accumulated depreciation recapture hangs around till the last mile and is taxed at a federal rate of 25 %, with varying results at the state level.

Further, accumulated depreciation recapture hangs around till the last mile and is taxed at a federal rate of 25 %, with varying results at the state level.

Provided monthly, quarterly, and year end reporting and tracking of the following: Capital related projects, Cash Acquisition Schedules, and Commentaries, Roll forward for fixed assets (Cost and Accumulated Depreciation) in the reporting package, and monthly reconciliation of cost, depreciation expense and proceeds related to fDepreciation) in the reporting package, and monthly reconciliation of cost, depreciation expense and proceeds related to fdepreciation expense and proceeds related to fixed assets.

Columns for: - date - bank account debit - bank account credit - property manager account debit - property manager account credit - rental income (credit)- other income (credit)- one column for each type of expense using the categories that the tax authority uses for tax returns (about 10 of them... all debits)- depreciation (debit)- accumulated depreciation - owner equity (credit)- a check sum column