Depreciation

The Wall Street MBA: Your Personal Crash Course in Corporate Finance

Somehow the author of this book talks about Corporate Finance in a way that even someone like me can understand, and even enjoy! While reading this book, I found myself smiling alot, and even laughing out loud at times. This guy is one gifted writer.

I am a law student (soon to graduate) and I found this book a perfect intro for a someone considering a career in corporate law. And lately with the economy collapsing as it is, more and more everyday people are realizing that they can no longer hide their heads in the sand and ignore corporate finance.

I chose law school over business school, and before that I chose Poli-Sci over Business as a college major, because I found Accounting to be a complete and utter snooze-fest. But there is no snoozing while reading this book. The author is well aware that accounting as we know it is a snooze-fest, and he does everything in his power to make it interesting. All of the concepts are broken down into simple terms, and there are great anecdotes in the beginning of each chapter and throughout.

I have recommended this book to many friends and will continue to do so.

The Wall Street MBA: Your Personal Crash Course in Corporate Finance Feature

The Wall Street MBA: Your Personal Crash Course in Corporate Finance Overview

A streetwise MBA that offers you a degree in success

Whether you’re a novice or an experienced professional, The Wall Street MBA explains the underpinnings of financial valuation, financial analysis, and corporate accounting and describes how each drives corporate America and Wall Street.

Peppered with true stories and amusing anecdotes, this concise, easy-to-read, interactive resource teaches MBA concepts by applying theory to real-life examples. You’ll learn how to review financial statements, analyze earnings, detect fraud, assess stock prices, value companies, and structure mergers and acquisitions, among other exercises.

The Wall Street MBA: Your Personal Crash Course in Corporate Finance Specifications

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The Entrepreneur Magazine Small Business Advisor (Entrepreneur Magazine Series)

I have worked in small business development for over 18 years, and for all the knowledge one can attain in that period of time there is always a question that requires research. In addition to consulting my business planning clients, I also write “small business expert” columns on the Internet. In neither case can you afford to make a mistake advising a client or a reader. Every question requiring research on fact and procedure finds me pulling this book off the shelf before any other. Always, I find my answer in this book in a manner that allows me to respond. Furthermore, most small business clients and readers are not thoroughly knowledged in the terminology of finance and marketing. I always strive to explain matters with the use of lay terminology that facilitates their learning process. The Small Business Advisor succeeds in helping me to achieve that goal.

This book should be on the shelf of every small business assistance agency and small business consulting firm. The monetary investment is equal to or greater than any other small business assistance book I can find on the market today.

The Entrepreneur Magazine Small Business Advisor (Entrepreneur Magazine Series) Feature

The Entrepreneur Magazine Small Business Advisor (Entrepreneur Magazine Series) Overview

A comprehensive and authoritative guide to starting, managing, and growing a small business

This updated volume is the ultimate reference and guide for small business owners, as well as those thinking of going into business for themselves. With the number of entrepreneurs continuously increasing, this reference is the one-stop source that will meet all their information needs, covering every aspect of small business: starting a business (researching a market opportunity, finding the right location, developing a business plan, franchise opportunities, getting financing); managing a business (how to price a product, maintaining financial control, taxation basics); and growing a business (developing a marketing plan, advertising, making use of the Internet, obtaining expansion capital, going public)…and much more. Includes a new chapter on marketing and selling over the Internet Filled with useful worksheets, checklists, sample forms, and other valuable business tools to put to work for you, today

The Entrepreneur Magazine Small Business Advisor (Entrepreneur Magazine Series) Specifications

Small businesses–those with fewer than 100 employees–account for over 97 percent of all businesses in the U.S. today. If your idea of the American Dream is to join this booming sector with a business of your own, you’ll need at least one easy-to-use but comprehensive resource that addresses the inevitable questions in a simplified yet satisfactory manner. The second edition of The Entrepreneur Magazine Small Business Advisor, shaped by the experienced editorial staff of this 20-year-old periodical for aspiring corporate magnates, is just such a reference. Organized logically into sections on “Starting,” “Managing,” and “Growing Your Business,” it covers everything from evaluating your ideas and personal plans to location, licensing, financing, record-keeping, credit management, marketing, sales, expansion, and even selling your business. It doesn’t have all the answers, of course, but in almost 650 pages, it does offer quite a bit of help. –Howard Rothman

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What is inflation? Is the inflation rate the same for everybody? Who uses the inflation rate, and what for? How is inflation calculated?

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Buying a car is a huge expenditure. It can also be very tricky. When you buy new is costs considerably more than buying used or preowned. We’re not just talking initial price either. The fees and taxes are more and all the extras can add up quickly. The greatest hint in the economic downfall of buying new is the fact that as soon as you leave the dealership with your brand new car, it loses value. If you were to sell that car as soon as you got home, you could not recoup what you just spent.

Buying preowned eliminates that depreciation. If you really like the idea of a new car, but it doesn’t fit the budget or you just can’t justify that depreciation, certified used may be a better option.  They usually come with a factory warranty intact and may offer an extended warranty. They undergo rigorous inspection and only the latest models with low miles are accepted. You generally don’t have to worry about accident history either. You can get a better loan rate on a certified used car than you can on a new vehicle.

Depreciation is the monster of the new car world. You may lose as much as 10% of the value of the car as soon as you drive off the lot. In the first few years you can expect to lose up to 30% of what you paid. Some cars hold their value better than others. Lease guides often can give you an idea of which cars retain their value over others. You may want to consider these over other vehicles if you plan on resale. And you may consider these the best of used vehicles.

You can also consult used car guides that list expected vehicle values to get a good idea of what cars are holding their value better. This is also generally a good indication of the quality of the vehicle. Cars that hold their value do so because they are popular or they are more reliable over time.  They break down less and u a reputation of staying reliable for a while yet. They are a good bet if you want quality used cars in Knoxville. They cost a little more than a used car from an independent dealer, but can be worth the extra money for a good use of your money.

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I was so upset to have to say goodbye to my Vauxhall Cavalier following a rear collision in June 2004. With this clip I captured a few moments of the last memories linked to this faithful travel companion. The ‘Cavalier’ was written off by the insurance company as it was already over 10 years of age and due to its depreciation on the second hand market. Hence, it was declared to be beyond economical reparability for this category of cars, regardless of their conditions.

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The DB function calculates fixed declining balance depreciation for an asset given the cost, it’s salvage value, estimated economic life, the accounting period for which depreciation is being calculated, and, optionally, the number of month in first year. (If you don’t include the optional month argument, Excel sets this value to 12.) The DB function uses the following syntax:

DB (cost, salvage, life, period, month)

Suppose, for example, that you must calculate the fixed declining balance depreciation for equipment that costs $50,000, lasts five years, will have a salvage value of $10,000 at the end of the fifth year, and that was placed into service in the third month of the first year. To calculate the depreciation for the first year, you use the following formula:

=DB (50000,10000,5,1,3)

The function returns the value 3437.5. To calculate the depreciation for the second year, you use the formula

=DB (50000,10000,5,2,3)

The function returns the value 12804.69

The distinguishing feature of fixed-declining balance depreciation is that it calculates depreciation

at a fixed rate based on the estimated cost, salvage value, and economic life of the asset. Excel calculates this rate using the following formula:

Fixed rate=1-((salvage/cost)^(1/life))

and then rounds this value to the nearest three decimal places. To calculate the depreciation for a period, Excel multiplies the rate by the sum of the original cost less the accumulated depreciation to date.

NOTE: The accumulated depreciation equals the original cost minus the previous periods’ depreciation.

Excel uses variations of the standard fixed-declining balance formula for the first and last periods. For the first period, Excel calculates the depreciation by using the following formula:

First-period depreciation=cost * rate * month / 12

For the last period, Excel calculates the depreciation using the following formula (which essentially just depreciates the asset down to its salvage value):

Last-period depreciation=((cost. accumulated depreciation)*rate*(12-month))/12

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Any asset can lose value, through market forces of demand and supply or through inflationary pressure. However, specifically in the context of accounting principles the depreciation of an asset is the loss of an assets value due to wear and tear over time. Some assets lose value from the day the day they are purchased, and are sentenced to the demeaning existence of consistently becoming more worthless in financial terms.

This however does not have to be the case in practical terms as an asset may have value that is derived in a manner that is other than merely one of monetary terms. For instance, the pleasure a person derives from owning a particular asset whether it is a car, a boat, or a plane may well justify its acquisition. Moreover, if this asset is put to use in order to generate income, it is even more worthwhile an investment.

Depreciation of an asset is ordinarily a deductible expense for the purpose of determining a person’s tax liability and therefore is a relevant member of the asset manager’s arsenal when they are scrutinizing yields, earnings, taxable incomes and rates of real return. Of course at first glance an asset that loses its value immediately is not generally thought of as a prudent one to own however, such an asset if resourcefully put to use, can earn the owner an attractive return on the initial investment.

As depreciation is generally allocated a specified percentage each year, it may be the case that the asset has been depreciated over time to a book value of zero, and yet faithfully continues to generate income for its owner. This asset, all the while having provided the owner with a tax deduction and therefore the ability to pay less overall tax, now with an official value of zero, establishes itself as a ‘free’ asset which materially contributes to an increase in the owner’s wealth and prosperity each year but yet does not incur the same taxation or other consideration due an asset of considerable worth.

The example of a depreciating asset that continues to generate an income long after its official demise is illustrative of the principle of ‘getting your assets to work for you’. Of course it would be even better if, in addition to the income generated, the asset value itself was to increase (as in the event of an increasing share price that provides attractive dividends in the mean time), but as in most things, there is a trade off or a compromise to be had, and in this case an increase in asset value is subject to taxation in any case, and in some jurisdictions may be subject to a capital gains tax which imposes a burden on those person’s providing capital for business, as opposed to those providing labour.

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www.cars.com | The Cars.com team discusses whether the benefits of leasing are right for you. With the right kind of car research, youll make more confident decisions during the car buying process.

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Property owners seeking property tax relief need to learn the process and system of appeals. Owners need to go before their city council and present an argument that their current assessed value is unwarranted and high. Now, as properties values decline across the nation, never has this been an better time to prove this and get property tax relief.

The National Union of Tax Payers estimated in 2006 that 60% of all owner where over assessed. Now in 2009, that number is surely much higher. Perhaps 80% or even 90% of all property owners are eligible for a reduction. It is well worth the owner’s time to investigate if they have a case or not.

The process to appeal boils down to presenting comparable recent sales, also known as comps, proving to the city that you are over assessed and deserves a reduction. As you may suspect, however your city is most likely not enthusiastic about granting a reduction, as many property owners are trying to get some kind of property tax relief as well; and your cities is trying to protect their own interests.

So, as one of our associates (who was the head of an assessing office) points out, you need to understand that the city officials are smart, and that they do this every day. If you come in with poor comps and or a weak presentation you will be blown off. The city officials are playing the “game” and will throw your appeal out the window due to minor technicalities.

Issues like being 10 minute late to the meeting, filling out the forms wrong or presenting comps that have the wrong dates, etc can have an immediate negative impact. There are many other little details like this. But not understanding the world of comparables is really the main issue. Owners need to dive into this arena and build a level of understanding. Though they should not get overly concerned as you need to know enough to debate your case, but do not need to become an expert.

Not to sound redundant or paranoid the city officials are looking for any reason to get rid of your appeal as they are trying to protect their tax base. If denied, due to technicalities you will have to wait another year as the city will only look at your appeal once. It pays to be prepared and have a good understanding of what to expect before you go before your city.

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