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Special Report on

Depreciation, Amortization, and Depletion

depreciation amortization and depletion special research report Photo by
My company bought a new factory building last tax filing year (in 2004) for $10,000,000. Due to computer crashes, hurricanes and a string of ill-begotten issues, we are just now finalizing that year's accounting and tax entries, as well as this year's (2005). We are fortunate to have the necessary federal extensions. What would be your advice as far as depreciation and cost recovery? What do these concepts mean and how do they compare to amortization and depletion? Considering that the building was purchased in 2004, what would be the cost recovery deduction for the year 2005? Would anything change if the current tax ...
account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset. Traditionally, a company's book value is its total assets minus intangible assets and liabilities. However, in practice, depending on the source of the calculation, book value may variably include goodwill , intangible assets , or both. 1 When intangible assets and goodwill are explicitly excluded, the metric is often specified to be "tangible book value". In the United Kingdom, the term net asset value may refer to the book value of a company. Cite ...
USSGL Account
Depreciation, Amortization, and Depletion. D. N. Y. 6720. Bad Debt Expense. D. Y. Y. Y. 6730. Imputed Costs. D. F. Y. Y. 6790. Other Expenses Not Requiring Budgetary Resources. D. Y. Y. Y. Y. 6800. Future Funded Expenses ... market research, surveys and trends
Financial Statement Manipulation An Ever-Present Problem For Investors
 (SEC) has taken many steps to mitigate this type of corporate malfeasance, the structure of management incentives, the enormous latitude afforded by the Generally Accepted Accounting Principles  (GAAP) and the ever-present conflict of interest between the independent auditor and the corporate client continues to provide the perfect environment for such activity. Due to these factors, investors who purchase individual stocks or bonds must be aware of the issues, warning signs and the tools that are at their disposal in order to mitigate the adverse implications of these problems. Factors That Contribute to ... market research, surveys and trends


Interest Expense, Depeciation Expense and Dividends
3-1  Income Statement little Books Inc.  recently reported $3 million of net income. Its EBIT was $6 million, and its tax rate was 40 percent. What was its interest expense? [Hint: Write out the headings for an income statement and then fill in the known values. Then divide $3 million of net income by (1-T) =0.6 to find the pre-tax income. The difference between EBIT and taxable income must be the interest expense. Use the same procedure to work some of the other problems.] 3-2. Income Statement  Pearson Brothers recently reported an EBITDA of $7.5 million and net income of $1.8 million. It had $2.0 ... industry trends, business articles and survey research
Sunshine Mining and Refining Co. announces year-end results ...
 any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar  Co. ( NYSE NYSE See: New York Stock Exchange : SSC SSC Secondary School Certificate SSC Standard Systems Center (USAF) SSC State Services Commission (New Zealand) SSC Swedish Space Corporation SSC Salem State College (Massachusetts)   ) announced a net loss for 1994 of $4.9 million, compared to a net loss of $42.3 million in 1993. The fourth quarter loss of ... industry trends, business articles and survey research
Peabody Energy Announces Results for the Quarter Ended June 30, 2010
today reported that second quarter 2010 EBITDA rose 35 percent over the prior year to $440.4 million. Income from continuing operations increased $124.7 million to $214.7 million. Diluted earnings per share from continuing operations was $0.76 compared with $0.32 in the prior year. Adjusted income from continuing operations rose 38 percent to $0.69 per share. "Peabody delivered yet another quarter of outstanding results, with expanded margins and cash flows driven by both our Australia and U.S. mining operations," said Peabody Chairman and Chief Executive Officer Gregory H. Boyce. "Our global platform is ... market trends, news research and surveys resources
KMP Rises, Surpasses Zacks
reported its second-quarter 2010 earnings of 88 cents per limited partner unit, substantially beating the Zacks Consensus Estimate of 40 cents as well as the year-earlier quarter of 33 cents. Limited Partners' interest in net income rose to $268.7 million from $91.0 million in the year-ago quarter. The partnership’s rise in profit is primarily attributable to higher revenues as well as earnings in equity investments.   Revenue in the quarter also shot up to $1,961.5 million from $1,645.3 million in the year-ago quarter.   Moreover, Kinder Morgan increased its quarterly cash distribution per common unit to ... market trends, news research and surveys resources


Chapter 17: Depreciation, Amortization, and Depletion
Chapter 17, Depreciation, Amortization, and Depletion. - 4 - for, and it would be necessary to estimate real rates of return and asset lives to determine ... technology research, surveys study and trend statistics
The Initiative to Create an AP Accounting Course and Exam ...
Calculate and record depreciation, depletion and amortization and explain the impact on the financial statements. Record the sale and disposal of fixed ... technology research, surveys study and trend statistics
Depreciation and Depletion
depletion (gross revenue – cash costs – 70% of exploration and development – recession of face – depreciation – amortization) reduced by 20% for coal and ...
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WikiAnswers - What is the difference between the carring value of ...
An asset's initial book value is its actual cash value or its acquisition cost. Cash assets are recorded or "booked" at actual cash value. Assets such as buildings, land and equipment are valued based on their acquisition cost, which includes the actual cash cost of the asset plus certain costs tied to the purchase of the asset, such as broker fees. Not all purchased items are recorded as assets; incidental supplies are recorded as expenses. Some assets might be recorded as current expenses for tax purposes. An example of this is assets purchased and expensed under Section 179 of the US tax code. Depreciable, ...
Form 1120 Schedule L | Intuit Community
I found a way to bring across the current year amortization amounts.  If you check that book at tax amounts are the same then the depreciation / amortization amounts will transfer.  The asset number has to be input manually which has already been mentioned,  I don't understand why.  This is the first program I have used that does not have this feature. 01/13/10 8:35pm PST Wait a minute fin. You mean if you check that box, the year-end accumulated amortization amount comes over to the balance sheet? If you appreciate my answer, please thank me, and then go help someone else. 01/14/10 7:03am PST I ...