Asset recovery - Study guides, Class notes & Summaries

What do taxpayers use to calculate tax depreciation? - modified accelerated cost recovery system (MACRS) 4 things that must be knows to compute MACRS - asset's original costs asset's recovery period applicable depreciation method applicable depreciation convention depreciation recovery period for office furniture, fixtures, machinery, and equipment - 7 years depreciation recovery period for cars, light duty trucks, computers, and peripheral equipment - 5 years Who determin...

TEST BANK Enterprise Risk Management S - The Marketplace to Buy and Sell your Study Material 1 RSK2601 TEST BANK Question 1 Which one of the following is a benefit of effective risk and opportunity management? 1) Improved profit certainty 2) Increased shareholder value 3) Increased stakeholder confidence Correct option 3 4) Lower economic returns Explanation Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and higher economic returns are all benefits of ef...

The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets is called _________ Total Cost Management ______ is the application of scientific principles and techniques to problems of : - estimation - cost control - business planning & management science - profitability analysis - project management - planning & scheduling Cost Engineering _______ Is the value of an activity or asset. Gene...

CompTIA Security+ SY0-701 Cert Guide (Certification Guide) 1st Edition 2024 with complete solution Contents at a Glance Introduction Part I General Security Concepts 1 Comparing and Contrasting the Various Types of Controls 2 Summarizing Fundamental Security Concepts 3 Understanding Change Management's Security Impact 4 Understanding the Importance of Using Appropriate Cryptographic Solutions Part II Threats, Vulnerabilities, and Mitigations 5 Comparing and Contrasting Common Threat...

FIN3702 - Summarised Notes Latest 2022. FIN3702 - Working Capital Management Analyzing a firms cash flow Module objectives: - Explain tax depreciation procedures and effect on business’ cash flow - Explain why cash flow statement is different to the income statement - Prepare a cash flow statement - Prepare and operating cash flows and free cash flows Introduction to analyzing a firm’s cash flow 1. Why is cash flow the lifeblood of a firm? o Managing day-to-day operations o Making ...

Abandonment - Answer-The failure to occupy and use property that may result in loss of rights Abatement of Nuisance - Answer-Extinction or termination of a nuisance Abstract of Judgement - Answer-A condensation of the essential provisions of a court judgement Abstract of Title - Answer-A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which ...

activity based tax - tax imposed on the results of an ongoing activity in which persons or organizations engage ad valorem tax - a tax based on the value of property excise tax - a tax levied on the retail sale of specific goods or services; may be in addition to or instead of a general sales tax graduated rates - multiple percentages that apply to specified brackets of the tax base value added tax - a tax levied on firms engaged in any phase of the production or manufacture of goods...

Because businesses are generally not allowed to expense the cost of assets immediately, what do they do instead? correct answers - the must capitalize the cost of the assets (record cost on balance sheet) and depreciate the cost of the asset over the cost recovery period (the depreciable life of the asset defined by tax laws) What are the three types of cost recovery methods? correct answers - depreciation - depletion - amortization What assets are depreciated? correct answers - tangible...

ACCY 200 Chapter 5 Questions and Answers Graded A+ 1. What happens to the allowance for bad debts in relation to accounts receivable? It is subtracted from It is added to It is adjusted against It is accounted for by Answer: It is subtracted from 2. How is "Net accounts receivable" defined on the balance sheet? It's the balance of an asset account minus a liability account It's the balance of an asset account plus a revenue account It's the balance of an asset account le...

1-day payment window rule - Answer a Medicare requirement similar to the day payment window rule that applies to inpatient poychiatric hosp tals, inpatient rehabilitation facilities, long term care facilities, and chil dren's and cancer hospital. 3-day payment window rule - Answer a Medicare requirement that all diagnostic and clinically related non-diagnostic outpatient services provided with in three days of an inpatient admission must combined the inpa- tient claim when they are provided ...