• Determine values
of depreciable assets and prepare appropriate reports.
• 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
And then the recession struck, along with the tax - law changes that removed horses from the roster
of depreciable assets, and money grew as tight as the blue jeans on the backstretch.
Not exact matches
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).
A
depreciable asset is an example
of a capital
asset.
The Barts
of the world want oil and gas fields to be different from all other
depreciable assets.
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.
It just seems a bit wonky to my brain that some
of these items are not directly deductible and only
depreciable as they are directly related to the cost
of doing business versus improving an
asset.
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.