ACC 307 Federal Taxation

User Generated

gobar1987

Business Finance

Description

  • imagine that you have started a business and have purchased business assets, such as computer equipment, vehicles, and a building. Suggest at least two (2) implementation strategies to help you ensure that you are calculating the correct amount of depreciation. Provide specific examples of such strategies.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Thank you for the opportunity to help you with your question! Hi, He observes that work expands so as to fill the time available for its completion.

hi, in order to calculate depreciation you only need two  numbers: the initial cost of the asset and its estimated useful life these are the most obvious strategies that you are required to keep an eye on in determining the correct amount of depreciation you are likely to get.

examples of strategies are

Vehicle Selection strategies

The first step to depreciation control is to select the most cost-effective make and model and equip them for maximum usage and eventual resale.

Matching Vehicle to Depreciation Factor

When determining a depreciation factor, the expected useful life and the approximate market value of the vehicle at lease-end are the two most important factors to consider. 



Please let me know if you need any clarification. I'm always happy to answer your questions.


Anonymous
Excellent! Definitely coming back for more study materials.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags