Chap.7.PropertyAcquisition131

Chap.7.PropertyAcquisition131 - Other Depreciation Methods...

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PROPERTY Acquisition & Cost Recovery
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TERMINOLOGY Personalty v. realty Personal use v investment/business use Tangible v Intangible
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ADJUSTED BASIS Cost or initial basis Less capital cost recoveries
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INVENTORY What is included? How assigned to CGS? Uniform capitalization rules Inventory methods
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DEPRECIATION Applies to tangible T/B property MACRS Recovery period Depreciation method Accounting convention Depreciation tables
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Unformatted text preview: Other Depreciation Methods & Issues Alternative depreciation methods SL ADS Direct expensing election Limitations Autos limitation on deduction amount DEPLETION Natural resources Cost depletion Activity method Statutory percentage method AMORTIZATION Intangilbles General rule: SL over useful life Purchased goodwill-type intangibles Organization costs Start-up costs...
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This note was uploaded on 05/19/2008 for the course ACCT 3531 taught by Professor Ryan during the Spring '08 term at Temple.

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Chap.7.PropertyAcquisition131 - Other Depreciation Methods...

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