Depreciation Deduction.

Is equipment for weed control on farm land tax deductible?
by Answerbag Staff on July 3rd, 2010 | one answer | in Depreciation Deduction

Is equipment for weed control on farm land tax deductible?
by Answerbag Staff on July 3rd, 2010 | one answer | in Depreciation Deduction

What is depletion of taxes?
by Answerbag Staff on May 27th, 2010 | one answer | in Depreciation Deduction

What is a depreciation expense?
by Answerbag Staff on March 3rd, 2010 | one answer | in Depreciation Deduction

Can I deduct insurance depreciation on taxes?
by Answerbag Staff on May 4th, 2010 | one answer | in Depreciation Deduction

What is depletion of taxes?
by Answerbag Staff on May 27th, 2010 | one answer | in Depreciation Deduction

What is an itemized depreciation schedule?
by Answerbag Staff on April 6th, 2010 | one answer | in Depreciation Deduction

Can I deduct insurance depreciation on taxes?
by Answerbag Staff on May 4th, 2010 | one answer | in Depreciation Deduction

Can an S corporation deduct bonus depreciation in excess of basis& profit?
by Answerbag Staff on March 26th, 2010 | one answer | in Depreciation Deduction

Are woodworking tools tax-deductible?
by Answerbag Staff on February 11th, 2010 | one answer | in Depreciation Deduction

Why is depreciation needed?
by Answerbag Staff on March 11th, 2010 | one answer | in Depreciation Deduction

Can an S corporation deduct bonus depreciation in excess of basis& profit?
by Answerbag Staff on March 26th, 2010 | one answer | in Depreciation Deduction

Is a tractor used for weed control on a farm tax-deductible?
by Answerbag Staff on March 11th, 2010 | one answer | in Depreciation Deduction

Why is depreciation needed?
by Answerbag Staff on March 11th, 2010 | one answer | in Depreciation Deduction

What is a depreciation expense?
by Answerbag Staff on March 3rd, 2010 | one answer | in Depreciation Deduction

What is an itemized depreciation schedule?
by Answerbag Staff on April 6th, 2010 | one answer | in Depreciation Deduction

Are woodworking tools tax-deductible?
by Answerbag Staff on February 11th, 2010 | one answer | in Depreciation Deduction

Is a tractor used for weed control on a farm tax-deductible?
by Answerbag Staff on March 11th, 2010 | one answer | in Depreciation Deduction

A car cost 40,000 accumulated depr. 35,000 is traded for another car for 50,000, trade in allowance 3,000 the cost basis of the new car is?
by Sparkle on February 11th, 2010 | no answers | in Depreciation Deduction

Construction will cost $90,000 and will be depreciated to zero, using straight line depreciation, over 5 years. Earnings before depreciation are expected to be $20,000 in each of the next 5 years. The restaurant's tax rate is 34%. What are the projects ca
by Anonymous on November 29th, 2009 | no answers | in Depreciation Deduction

I have a rental, depreciated below market value; if foreclosed upon is there anyway around capital gains getting triggered by Sheriff Sale?
by Anonymous on September 28th, 2009 | no answers | in Depreciation Deduction

I place a 2003 Durango in service for that tax year. I did Section 179 and depreciated for the next 4 years. Total of 5 years. Am I able to still depreciate it this year? I only used it for 3 months and purchased a new vehicle.
by babybz on February 24th, 2009 | no answers | in Depreciation Deduction

A co. purchased an asset 1/1/06 for $100K. The asset was expected to have a 10 yr life and $1K salvage value. The co. uses straight-line depreciation. On 1/1/08 the co. determines the asset will only last 5 yrs. What is the amt of depreciation for 2008?
by Anonymous on February 18th, 2009 | no answers | in Depreciation Deduction

I just bought undeveloped land,and put a modular home and all improvements,including electric,water septic system,are any of these improvements tax deductable.
by oldad11 on February 10th, 2009 | one answer | in Depreciation Deduction

I need to pull together information on the 3-year arrangement that allows depreciation cost to be recognized by the IRS that a number of businesses keep referring to. It is for computer software. Any help?
by Anonymous on December 19th, 2008 | no answers | in Depreciation Deduction

Explain briefly why you think that the calculation of depreciation is based in estimates, and why bother to make calculations
by sherbones on December 3rd, 2008 | no answers | in Depreciation Deduction

When calculating depreciation for a custom depreciation method, FAS for Peachtree invariably treats the assets to have been placed in service on January 1-leading to overdepreciation in the first year. Please, help me solve this problem.
by BIG on September 24th, 2008 | no answers | in Depreciation Deduction

How much does a new roof depreciate yearly?
by Okie on August 29th, 2008 | no answers | in Depreciation Deduction

I bought U.K. commerical rental property in 1996. In 2008 I moved to the US, became a green card holder and subsequently sold the U.K. properety. Do I adjust the property basis for depreciation allowable prior to 2008?
by Anonymous on August 23rd, 2008 | no answers | in Depreciation Deduction

ACRS depreciation Vs Straight Line - How do I account for the depreciation on my 2007 return ? $40,000 subject to ACRS starting in 1982 ...sold the rental in 2007 - 25 yrs later ... for 20,000 flat - do I have a GAIN or loss with the depreciation?
by mikey on April 12th, 2008 | no answers | in Depreciation Deduction

I am selling my business. How is the best way to sell it ?? stock or inventory?? And what should I expect to pay in capital gains ? I have owned the business for 30 yrs.
by Anonymous on March 3rd, 2008 | no answers | in Depreciation Deduction

Alex gave me a great answer to paying the taxes on the depreciation on a duplex that I converted back into a single family house But I live here and will for ten more years ?- Do I have to file somthing when I stop taking the deprciation or just stop?
by oldmaninthemoshpit on February 11th, 2008 | one answer | in Depreciation Deduction

I have converted my duplex back into a single family home. what / how do I pay tax on the 12 years of depreciation?
by oldmaninthemoshpit on February 9th, 2008 | 2 answers | in Depreciation Deduction

Fire place stone cladding In a rental property I had the fire place clad with stone vaneer. Cost $5000.00. $1000.00 for material, $4000.00 for labor. How is this depreciated? Over how many years? Joe jfn1@hotmail.com
by Joejones on January 23rd, 2008 | no answers | in Depreciation Deduction

What is the difference between office equipment, office supplies, supplies, and equipment on Schedule C
by smoothpebble on March 18th, 2007 | 2 answers | in Depreciation Deduction

If you lease office equipment and machinery with the option to buy, when do you depreciate the purchase price?
by AB-Answerbot on March 9th, 2007 | one answer | in Depreciation Deduction

We are selling rental property and have never claimed depreciation. What do we do about this when we file our taxes?
by AB-Answerbot on March 8th, 2007 | one answer | in Depreciation Deduction

We have incurred substantial repairs to our rental property: new roof, gutters, windows, furnace, and outside paint. What are the IRS rules concerning depreciation?
by AB-Answerbot on March 8th, 2007 | one answer | in Depreciation Deduction

I have a home office. Can I deduct expenses like mortgage, utilities, etc., but not deduct depreciation so that when I sell this house, the basis won't be affected?
by AB-Answerbot on March 8th, 2007 | one answer | in Depreciation Deduction

What form and line do I deduct the standard mileage rate for my business travel and do I need to figure depreciation of the vehicle, too?
by AB-Answerbot on March 8th, 2007 | one answer | in Depreciation Deduction

I have investment property. Can you explain the term basis of assets?
by AB-Answerbot on March 8th, 2007 | one answer | in Depreciation Deduction