Category: Bookkeeping

Banks and credit unions are well instructed in methods of protecting personally identifying information and they will know the best way to send the letter safely to the intended party. Employers may not be the only entities you’ll have a direct deposit arrangement with. Direct deposit will be the preferred way for those institutions to…

In our example,we will stick to the Gordon Gorwth model as illustation. Based on the timing of cash flows, we cancalculate how long (in terms of year) they are from the valuation date. For theFY19 cash flow, we need to discount 0.5 year; For the FY20 cash flow, we need1.5 year and so on. Why…

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Also, note that the expense in the fourth year is limited to the amount needed to reduce the book value to the $20,000 salvage value. Thus, an increase in the cost of repairs of each subsequent year is compensated by a decrease in the amount of depreciation for each subsequent year. In the second year,…