The following scenarios will be covered over the course of four posts:
- Wrong 1st yr Convention
- Basis Reduction Required
- Wrong Depreciation Method - fully depreciated as of previous year end
- Wrong Depreciation Method - not fully depreciated as of previous year end
Until next post!
Leslie
2 comments:
The report should be meaningful and informative to the party concerned. Depreciation schedules are divided into major asset categories sometimes such as buildings, hardware, equipment and software. It is the best way to keep track of your depreciation.
As "Small businesses are the backbone of our economy," We should provide them with the certainty they need to grow.
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