is not for the full purchase price of the equipment but rather an incremental amount calculated from accounting formulas. The first step in this calculation is determining which depreciation ...

Accounting professionals understand how ... Here are some of the most commonly used methods. This straight-line depreciation method evenly distributes the asset’s cost over its useful life.

A practicing Chartered Accountant shall not accept, in a financial year, more than “60” tax audit assignments under Section 44AB of the Income Tax Act, 1961. In the case of a CA firm, 60 shall be the ...

Company reports quarterly revenue of $1.4 million; net loss and earnings per diluted Share of $6.6 million and $1.74 ...

ICAI have brought ana mazing guidance note on Financial Statements of Non-Corporate Entities, this move will help in ...

Businesses including Bank of America Corp. and Big Four audit firms told the US accounting standards board to hold off on ...

Companies are advised to begin tax filing procedures as soon as possible to complete China CIT reconciliation before May 31, ...

Once a company adopts an accounting principle or method, it should stick to it ... a breakdown of how depreciation was calculated should be provided. Companies are able to defer the recognition ...

Under the accrual method of accounting, revenue is recognized when ... the noncash expenses recorded on the income statement, such as depreciation and amortization, are added back to the net ...

Test your CMA knowledge with our curated questions designed to boost confidence and prepare you for success. Read the article ...