You claimed allowable depreciation of $4,600 on the rental half. You spent $200 in legal expenses to obtain the condemnation award. If your net condemnation award is more than the adjusted basis of the condemned property, you have a gain. You can postpone reporting gain from a condemnation if you buy replacement property. If only …
Content Example of a Cash Flow Statement How to calculate total equity What Is Shareholder Equity (SE) and How Is It Calculated? Stockholders’ Equity: What It Is, How To Calculate It, Examples Revenue A bank statement is often used by parties outside of a company to gauge the company’s health. Banks, lenders, and other institutions …
What Is Shareholder Equity SE and How Is It Calculated? Read More »
Content Thinking you can do everything without professional help Manage money correctly and stay in compliance Don’t commingle operating and CTA funds Understand the Fundamentals of Generally Accepted Accounting Principles (GAAP) Not Seeking Professional Help The Difference Between Law Firm Bookkeeping & Accounting Bookkeeping vs. accounting for law firms If they have to dig through …
Accounting For Law Firm: 5 Common Legal Accounting and Bookkeeping Mistakes Read More »
