A fixed asset is property with a useful life greater than one year that is used in the operations of a business to generate income. Examples include buildings, equipment, furniture and vehicles. In smaller organizations, fixed asset accounting may be one of many accounting tasks performed by the same individual. Larger businesses may have one […]
read moreSalvage Value is a key component in accurately calculating the deprecation of fixed assets for financial reporting purposes, but is generally not a factor for tax depreciation under MACRS. In essence, Salvage Value is the anticipated value of a depreciable asset when it reaches the end of its Useful Life. The Cost of an Asset […]
read moreThe main components that go into calculating depreciation for tax purposes are: cost, service date, recovery period (useful life), method and convention. This article will focus on the Useful Life or Recovery Period of fixed assets for tax purposes.
read moreDetermining the useful life of a fixed asset is a question that confronts just about every accountant and fixed asset manager. The useful life of an asset is necessary element for calculating depreciation for tax as well as accounting and financial reporting. This article explores that key considerations for determining the useful life of an asset with emphasis on US GAAP.
read moreBook Review Middle Market M&A: Handbook for Investment Banking and Business Consulting was written by Kenneth Marks, Robert Slee, Chris Blees and Michael Nall and published by John Wiley and Sons. None of the authors are strangers to middle-market M&A. There are numerous books that deal with mergers and acquisitions. Does the body of literature […]
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