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Chapter 1 - Financial Statements and Business Decisions

Goals recognize info in 4 basic financial statements identity role of GAAP in determining financial statement content and accuracy

Scientists Discover 4 Distinct Patterns of Aging

Some people's hearts stay strong well into their 60s, but their kidneys begin to fail. Others may have the kidneys of a 30-year-old but fall victim to constant infection. Now, scientists may be on...

  • Updated 7 months ago by vince
This 100-Year-Old Skier Still Hits the Slopes

Klaus Obermeyer shares some tips on work, exercise, and (of course) skiing: Obermeyer tries to watch his calorie intake and sticks to a strict exercise regimen, swimming an hour each morning and hi...

  • Updated 7 months ago by vince
Using KAL Lounge Coupon with Morning Calm membership

Access to Korean Air's exclusive Prestige Class lounge (up to 4 times during a 2-year membership period) Access available to an accompanying passenger with 1 additional deduction from the access al...

  • Updated 7 months ago by vince
Korean Air Morning Calm membership

Morning Calm Club Benefits Morning Calm Check-in Counter Please use the SkyPriority counter if the Morning Calm counter is closed. Additional Checked Baggage Allowance (excluding travel in Economy...

Snoring with an Open Mouth

If you snore and frequently wake up with a dry mouth and sore throat, it’s likely that mouth breathing was the cause Sleeping with your mouth open aggravates snoring in numerous ways: The airway is...

Journal Entry for repairs from security deposit

Repairs using a security deposit is not an expense DR security deposit, CR Bank Account or if not paying vendor for repairs immediately DR security deposit, CR payable (when you get the bill from t...

  • Updated 7 months ago by vince
What closing costs can be deducted from a rental property purchase

The only deductible closing costs are those for interest, and deductible real estate taxes. Other settlement fees and closing costs for buying the property become additions to your basis in the pro...

  • Updated 7 months ago by vince
Setting up your accounting after purchasing a personal property

This is for a personal residence and not for a rental property There are many different types of fees and charges a home buyer must pay to get a loan and complete the purchase. For tax purposes, th...

  • Updated 7 months ago by vince
Depreciation schedules

Useful life of common assets: Appliances, carpeting & furniture: 5 years Office furniture & equipment: 7 years Fences & roads: 15 years Residential rental buildings, structures, furnaces & water pi...

  • Updated 7 months ago by vince
Calculating depreciation for property improvements

Calculate Basis Get your Settlement Statement and Home improvement bills Subtract the following closing items on the settlement statement from the total purchase price: loan origination fee, points...

  • Updated 7 months ago by vince
Get shredded

For Nanjiani, this meant five workouts per week, each lasting a little over an hour. He followed a typical bodybuilding split, focusing on one or two body parts at a time, with Roberts consistently...

IRS depreciation rules

https://www.irs.gov/publications/p946#enUS2018_publink1000107378 How Do You Treat Repairs and Improvements? If you improve depreciable property, you must treat the improvement as separate depreciab...

Certain Foods Can Improve Rheumatoid Arthritis Symptoms

The foods on the list were grouped in eight categories: fruits, cereals, legumes, whole grains, spices, herbs, oils, and miscellaneous. The fruits recommended to help alleviate RA symptoms and dise...

  • Updated 8 months ago by vince
Diet and RA

Living Well with Rheumatoid Arthritis: 7 Tips from People with RA

“Know that you won’t feel that way forever,” John says. “You’ll probably feel a lot better if you can change that inner voice to say ‘Today, this is hard, but that is just today.’” https://www.heal...

  • Updated 8 months ago by vince
Depreciating individual appliances vs adding to cost basis

"If you install a new refrigerator in a rental property, you could choose to depreciate it over five years instead of considering it an improvement and adding it to your cost basis. In many cases, ...

Deducting Improvements vs. Repairs on Your Taxes

“Example of How to Deduct an Improvement You made an improvement worth $5,000 to your property. Therefore, you must deduct it over a set depreciation schedule. We will use a depreciation schedule o...

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