ITAT Raipur held that change in method of depreciation can be reason for difference in closing stock of plant and machinery in previous year vis-à-vis opening stock in current year and the same needs ...

Say you purchased a rental property for $200,000 ($160,000 for the building + $40,000 for the land). During eight years of ownership, you claimed $46,545 in depreciation deductions ($160,000 ÷ 27 ...

Amortization and depreciation are accounting methods used to allocate the cost of assets over their useful lives. Amortization applies to intangible assets like patents and trademarks ...