Depreciation stops when book value is equal to the scrap value of the asset. In the end, the sum of accumulated depreciation and scrap value equals the original cost. The table below illustrates the units-of-production depreciation schedule of the asset. If the vehicle were to be sold and the sales price exceeded the depreciated value […]
Archivos de Categoría: Bookkeeping
In an interview with USA TODAY, Glenday said the company is looking at how artificial intelligence can help Guinness World Records with consistency. Guinness World Records says it has a team of experts who fact-check record entries for authenticity. Guinness World Records has a team of adjudicators who make the ultimate decisions on award-winners. This […]
Using an updated version will help protect your accounts and provide a better experience. Unless clearly stated to be a special “one-time” issuance, dividend programs are rarely adjusted downward once announced. The benefit of share buybacks is that it reduces ownership dilution, making each individual piece of the company (i.e. share) become more valuable. Companies […]
Be sure to check the stock’s dividend payout ratio, or the portion of a company’s net income that goes toward dividend payments. Payout ratios are one measure of dividend health, and they are listed on financial or online broker websites. The board of directors can choose to issue dividends over various time frames and with […]
Depreciation allows businesses to spread out the cost of an asset over its useful life. For tax purposes, depreciation is considered a business expense, and businesses are allowed to deduct it when calculating their taxable income. As a result, it reduces the overall taxable income, thus lowering the amount of tax payable. The depreciation tax […]