Thanks for this video and explanation. Self employed business owner, god I hate the IRS. It's almost as if they make the rules and laws opaque and complicated so they can audit more people (rolling eyes).
Hello from Brazil, Alex. Your language is simple what turn your videos easier to understand, even to me, a brazilian who is starting speaks English. Congratulations. Have you ever think about make videos to Brazilian people (accountants, company directors, students, professors) a shall knowledge basic about accounting and taxation). There is a big market here. Subscribed
Hello Bruno -- thanks for your kind words! As far as languages go, I speak two: English and Bad English! :D I'm glad that the video was helpful for you.
Hello Alex. I'm trying to find info on how to calculate depreciation using 200DB on years 2-5 of an asset after 50% bonus depreciation was elected on year 1? The asset, let's say $50k was put in place in 2/2017, so bonus depreciation at that time was 50% = $25k. Can I apply 200DB method on the remaining $25k depreciable basis? If yes, will I use 4 years as the life, to get my percentage of depreciation for years 2-5 or do I still use 5 year life?
Hi I decided to go with another tax preparer who needs a depreciation schedule for a rental to be able to file my taxes The problem is the my old tax preparer won’t provide me with a copy Any help on what to do Thanks
College student here trying do understand depreciation teacher referred me to this video and let me just tell you. I am even more confused after this video truly terrible. Went more into detail then explaining the actual main ideas.
Thank God for having awesome RUclips channels such as this one to walk me through accounting topics lol
Thank you for your kind words -- glad to hear that it was helpful! :D
Thanks for this video and explanation. Self employed business owner, god I hate the IRS. It's almost as if they make the rules and laws opaque and complicated so they can audit more people (rolling eyes).
Great! You are much better and more clear than others out there
Thank you for your kind words -- your feedback is much appreciated! :D
You're an excellent teacher
Thank you man. Super useful and clear.
You're welcome!
Thanks! I need that Excel spreadsheet lol
Thank you , you’re the 1st person I’ve seen talking about this topic
Did a literal awesome job. New sub! Can't wait to see what else you tackle :D
Hello from Brazil, Alex. Your language is simple what turn your videos easier to understand, even to me, a brazilian who is starting speaks English. Congratulations.
Have you ever think about make videos to Brazilian people (accountants, company directors, students, professors) a shall knowledge basic about accounting and taxation). There is a big market here.
Subscribed
Hello Bruno -- thanks for your kind words! As far as languages go, I speak two: English and Bad English! :D I'm glad that the video was helpful for you.
Hello Alex. I'm trying to find info on how to calculate depreciation using 200DB on years 2-5 of an asset after 50% bonus depreciation was elected on year 1? The asset, let's say $50k was put in place in 2/2017, so bonus depreciation at that time was 50% = $25k. Can I apply 200DB method on the remaining $25k depreciable basis? If yes, will I use 4 years as the life, to get my percentage of depreciation for years 2-5 or do I still use 5 year life?
Awesome thank you for this video
Thanks for this. I think it would help to do a video on Solar MACRS or the 100% Bonus Depreciation for Solar. Would love to see that.
For Commercial Solar.
need more videos on MACRS calcuations
Thanks for the video! Can you use MACRS depreciation on books?
I meant what is the best path to become an EA if you have no accounting background?
Hello Eric,
Thank you for your question -- I made a video to answer it here: ruclips.net/video/fWmEvnzrhKQ/видео.html
I hope this helps! :D
What if your fixed asset was used ?
Hi
I decided to go with another tax preparer who needs a depreciation schedule for a rental to be able to file my taxes
The problem is the my old tax preparer won’t provide me with a copy
Any help on what to do
Thanks
what is the best path become an EA if you have account background?
Hello Eric,
Thank you for your question -- I made a video to answer it here: ruclips.net/video/fWmEvnzrhKQ/видео.html
I hope this helps! :D
Thank you. could you tell me how do you record macrs when purchasing equipment in September?
Hi, I'm inheriting a rental house, at 68 years old can I do a shorter depreciation than 27 1/2 years, I'll be gone by then.
hi
Do you use Newton's indicator?
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Hi Can I depreciate a vehicle that is under finanical just paid off half of the cost on 2021?
Did anyone else think this was Jon Snow from GOT at first glance?
College student here trying do understand depreciation teacher referred me to this video and let me just tell you. I am even more confused after this video truly terrible. Went more into detail then explaining the actual main ideas.