Bookkeeping

Straight Line Depreciation Method Explanation & Examples

delta2024-06-11T15:21:02+00:00

(Based on the half-year convention, you used only half a year of the recovery period in the first year.) You multiply the reduced adjusted basis ($800) by the result (22.22%). If you hold the property for the entire recovery period, your depreciation deduction for the year that includes the final month of the recovery period is the amount of your unrecovered basis in the property. Instead of using the rates in the percentage tables to figure your depreciation deduction, you...

Quicken Review: Features, Pricing & Alternatives

delta2024-06-12T13:38:45+00:00

They then feed your responses back to you as graphs and tables. No other personal finance app I've tested offers such detailed planning tools overall. Quicken answers these questions by displaying registers (that is, the line items of transactions from your connected financial accounts), charts, and lists. Transaction management, the heart of your spending records, is especially robust on the desktop version. But the mobile app’s registers contain the transaction data you likely need when you're away from your computer,...

In-House Vs Outsource Accounting: The Difference

delta2024-09-12T18:22:57+00:00

You give them the specifications and they come back when they’re done. This often happens when you know you need to hire another team member soon, but you don’t have enough work or budget to support someone full-time. Rather than asking your current team to pick up the slack, a freelancer can lighten the load. You need to go through a lengthy hiring process every time you want to hire a new team member. If you only need help for...