Tag: Economics

When you sell your rental property, you'll need to pay tax on depreciation recapture and any remaining capital gains. If I sell my rental property, will I need to pay tax on depreciation recapture and any remaining capital gains? Yes. When you sell your rental property, you'll need to pay tax on depreciation recapture and […]
The annual depreciation rate is calculated using the formula:(100 x Number of Periods In Year)/Number of periods in expected life. Each period's depreciation amount is calculated using the formula: annual depreciation rate/ number of periods in the year. What is the annual depreciation rate? The annual depreciation rate is calculated using the formula:(100 x Number […]
Without depreciation, a company's financial statements can mislead potential investors and other stakeholders. Asset depreciation may also imply tax benefits as it can lower tax liabilities. Depreciation allows companies to lessen their net income, and thus, lower their initial tax liabilities. In simple terms, revenue is the amount of money a company earns from its […]
Two Giant Glass Repair Firms Become One as Belron Acquires Safelite. Belron S.A., a large vehicle glass repair and replacement company, has completed its acquisition of another, Safelite Group Inc. According to Dan Wilson, president and chief executive officer. f the new joint organization will be known as Belron US.5 Mar 2007Click to see full […]