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Fully Depreciated Dude.

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Manage episode 479117140 series 3353961
Content provided by BIF Crew. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BIF Crew or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, Adam channels 'The Dude' from The Big Lebowski to explain the complex subject of depreciation in business accounting. He explains its purpose and discusses two main methods: straight-line depreciation and the Modified Accelerated Cost Recovery System (MACRS).

Adam also introduces the Half-Year Convention, providing examples of common useful lives for various assets. To wrap it up, he shares a personal experience with rental property depreciation, highlighting why understanding these concepts is crucial for financial planners and their clients.

The BIF Crew Abides.

  continue reading

115 episodes

Artwork
iconShare
 
Manage episode 479117140 series 3353961
Content provided by BIF Crew. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BIF Crew or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, Adam channels 'The Dude' from The Big Lebowski to explain the complex subject of depreciation in business accounting. He explains its purpose and discusses two main methods: straight-line depreciation and the Modified Accelerated Cost Recovery System (MACRS).

Adam also introduces the Half-Year Convention, providing examples of common useful lives for various assets. To wrap it up, he shares a personal experience with rental property depreciation, highlighting why understanding these concepts is crucial for financial planners and their clients.

The BIF Crew Abides.

  continue reading

115 episodes

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