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I lost a 3 month old house to a fire, and it was declared a total loss. The insurance company wants to deprecate the house at 15%. I think this is unfair, since everything was new. Thanks for the help
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∙ 13y ago
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Should a garbage grinder be depreciated or expensed?
Depreciated. It is a improvement!
When do the prices of houses go lower?
generally if that house is depreciated
Can Land be depreciated?
Land cannot be depreciated.
If Ted wants to buy a house and believes that interest rates will rise he should?
If Ted wants to buy a house and believes that interest rates will rise, he should apply for a fixed rate mortgage.
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Under all of US GAAP, CDN GAAP and IFRS, idle assets should continue to be depreciated.
If a longlived asset is not used for a productive purpose should it be classified as an investment?
It should appear on the Balance Sheet as a Fixed Asset and depreciated accordingly.
When an asset is fully depreciated should the total accumulated depreciation for that asset be zeroed out?
After an asset is fully depreciated, the assets and accumulated depreciation accounts are zerod together in the beginning of the next accounting period. When an asset is fully depreciated but still operates in the company, accountants usually leave the asset and its accumulated depreciation accounts in the records even after it's fully depreciated and even through next periods, just to show that this asset still exists and operates.
A firm purchases a new truck for 30000 It will be depreciated over 5 years at 6000 per year If the tax rate is 30 percent what is the time 0 cash flow?
A firm purchases a new truck for $30,000. It will be depreciated over 5 years at $6,000 per year. If the tax rate is 30% what is the time 0 cash flow Best answer is available on onlinesolutionproviders com thanks
What asset is not depreciated?
land
Why should a person choose adjustable rate mortgage when buying a house?
One who chooses adjustable rate mortgage when buying a house considers the salary changes, the interest up or down and other factors.
