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April 13, 2016 05:20PM
I am working with our accountant on our current year tax return. Our tax year ends 1/31/16. I have not closed out my books yet. We sold several cows in February of 2015. I did not record any current year depreciation. The accountant used 1/2 year depreciation so his gain on sale of assets will be different that mine. How can I see what the difference will be? If I make a play set of books and close that set out will I be able to see my gain on sale of assets somewhere. Will our total net income be the same? I'm thinking it will but I want to be sure before I close out my books. I'm afraid since I didn't make any depreciation entries before I sold the cows that if I try to go back now and enter the 1/2 year of depre that I will have to go back before I do that and delete the entries for the sale.

I thought if I could just see what happens at year end when the books are closed out then I could tell if I need help making some adjustments.
Please make some suggestions as to what I need to do. Thanks, Mary Paul Williams
SubjectAuthorPosted

Depreciation

Mary Paul WilliamsApril 13, 2016 05:20PM

Re: Depreciation

KathyClineApril 14, 2016 08:08AM

Re: Depreciation

Mary Paul WilliamsApril 14, 2016 03:33PM

Re: Depreciation

Mary Paul WilliamsApril 14, 2016 03:02PM

Re: Depreciation

KathyClineApril 14, 2016 04:17PM

Re: Depreciation

Mary Paul WilliamsApril 14, 2016 02:57PM

Re: Depreciation

KathyClineApril 14, 2016 04:20PM

Re: Depreciation

Mary Paul WilliamsApril 14, 2016 12:14PM

Re: Depreciation

KathyClineApril 14, 2016 04:20PM

Re: Depreciation

Mary Paul WilliamsApril 14, 2016 04:31PM

Re: Depreciation

KathyClineApril 14, 2016 04:58PM

Re: Depreciation

Mary Paul WilliamsApril 15, 2016 08:58AM

Re: Depreciation

Mary Paul WilliamsMay 10, 2016 08:49AM

Re: Depreciation

KathyClineMay 13, 2016 12:25PM

Re: Depreciation

Mary Paul WilliamsMay 19, 2016 02:23PM

Re: Depreciation

KathyClineMay 19, 2016 02:33PM

Re: Depreciation

Mary Paul WilliamsMay 19, 2016 03:58PM

Re: Depreciation

Mary Paul WilliamsMay 24, 2016 10:59AM

Re: Depreciation

KathyClineMay 24, 2016 02:39PM

Re: Depreciation

Mary Paul WilliamsMay 24, 2016 03:07PM



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