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  2. I'm a Business Owner. What Expenses Can I Write Off on ... - AOL

    www.aol.com/write-off-expenses-businesss-taxes...

    A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. When a business spends money on equipment or ...

  3. Depreciation - Wikipedia

    en.wikipedia.org/wiki/Depreciation

    An asset depreciation at 15% per year over 20 years. In accountancy, depreciation is a term that refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the ...

  4. How to write off repayment of a business loan - AOL

    www.aol.com/finance/write-off-repayment-business...

    Fixed assets are generally financed through short-term debt. Working capital is typically financed through long-term debt. Working capital refers to everyday operation costs such as: Payroll. Rent ...

  5. Going concern - Wikipedia

    en.wikipedia.org/wiki/Going_concern

    Utilized assets means obtaining the complete benefit from their earning potential (i.e. if you recently purchased equipment costing $5,000 that had 5 years of productive/useful life, then under the going concern assumption, the accountant would only write off one year's value $1,000 (1/5th) this year, leaving $4,000 to be treated as a fixed ...

  6. Write-off - Wikipedia

    en.wikipedia.org/wiki/Write-off

    The distinction is that while a write-off is generally completely removed from the balance sheet, a write-down leaves the asset with a lower value. [4] As an example, one of the consequences of the 2007 subprime crisis for financial institutions was a revaluation under mark-to-market rules: "Washington Mutual will write down by $150 million the ...

  7. When You Can and Can’t Write Off Home Office Expenses - AOL

    www.aol.com/finance/t-write-off-home-office...

    Tax season is here and many remote workers are wondering what expenses they can write off while working from home. In 2022, 60 million people did freelance work, primarily from their home office ...

  8. Purchase price allocation - Wikipedia

    en.wikipedia.org/wiki/Purchase_price_allocation

    The difference between the $8 and $24 is $16B in write-up-- the values of the net identifiable assets are in effect increased to 3 times the value reported on the original balance sheet. The difference between the $24B and $30B is $6B in goodwill acquired through the transaction—the excess of the purchase price paid over the FV of the net ...

  9. What Is a Tax Write-Off? - AOL

    www.aol.com/finance/does-mean-write-something...

    The goal of tax season is to pay as little money as legally possible to the government while keeping as much of your income as you can for yourself. Among the best means to achieve that end are...