Straight-Line Depreciation Method Formula Example
To calculate the straight line depreciation rate for a fixed asset, subtract the salvage value from the asset cost to compute the total depreciation expense. Straight-line depreciation is a method…
How Floridians can file their taxes for free and where
The IRS’s Direct File program allows people who meet certain eligibility requirements to file taxes for free through its guided software experience. People who fall outside of those requirements can…
What are mixed costs?
In summary, understanding fixed costs is essential for making informed business decisions. By recognizing their impact and managing them effectively, organizations can achieve financial stability and sustainable growth. A mixed…
How to calculate the payback period
The payback period calculation is straightforward, and it’s easy to do in Microsoft Excel. This 20% represents the rate of return the project or investment gives every year. A project…
Uncover the Impact of Salaries Payable on Company Liabilities
This journal entry will then be reversed in the next accounting period so that the initial recognition or the initial recordation entry can take its place. This entry also can…
FIFO, LIFO, HIFO Explained Optimizing Your Crypto Taxes
In contrast to the FIFO inventory valuation method where the oldest products are moved first, LIFO, or Last In, First Out, assumes that the most recently purchased products are sold…
Direct vs Indirect Costs: Key Differences and Examples
Additionally, utilizing advanced budgeting software can streamline this process, allowing teams to adjust budgets swiftly based on real-time financial data and forecasts. Now, based on the given data, calculate the…
Accounting for Issuance of Common Stock: Example, Journal Entries, and More
Therefore, the amount that a corporation received, both cash or non-cash assets, becomes the legal capital; hence such amount is recorded entirely as common stock. When par value stock is…
Arun Mago CPA in Cedar Park, TX Address, Phone, and Services Tax Return Preparation Service, Tax Service
“Arun Mago is a great CPA. I have been using his services from the last 5 years and never had any problems with my business and personal taxes. Highly recommended.”…
Bookkeeping Accounting Bookkeeper small business Kansas City
We try our best to keep you with the bookkeeping team you’re assigned when you come on board. If there’s any change in your bookkeeping team, we’ll let you know…