Tag: Finance

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 […]
Whether it's two or 10 inches long, or somewhere in between, a crack has always been a primary reason to get a windshield replaced. Cracks, both short and long, can be repaired by filling the damage with a special resin.Click to see full answer How much does a new windscreen cost Australia?How much does a […]