Recent Articles

MACRS

Modified Accelerated Cost Recovery System is an Internal Revenue Service method of depreciation under the 1986 Tax Code. It is used to calculate depreciation for tax purposes at a similar rate to that used in business under the Double Declining Balance Method.

Bookkeeping – Depreciation Schedules (Lesson 51)

03/19/2017

When a small business purchases fixed assets two financially based opposing forces come into play.  The first is the financial reporting desire to present information in a fair manner so management can make good financial decisions.  The opposing [...]

Accelerated Depreciation – An Explanation

12/17/2013

When it comes to depreciation, no two businesses are alike. Unlike traditional straight line depreciation where the asset value is cost out to depreciation expense in equal increments over a given life expectancy, accelerated depreciation expenses [...]