Thank God for having awesome KZbin channels such as this one to walk me through accounting topics lol
@EfrosFinancial7 ай бұрын
Thank you for your kind words -- glad to hear that it was helpful! :D
@justinknash5 ай бұрын
Thanks for this video and explanation. Self employed business owner, god I hate the IRS. It's almost as if they make the rules and laws opaque and complicated so they can audit more people (rolling eyes).
@antony27283 жыл бұрын
Great! You are much better and more clear than others out there
@EfrosFinancial3 жыл бұрын
Thank you for your kind words -- your feedback is much appreciated! :D
@TheodenEdnewDoesDnD3 жыл бұрын
You're an excellent teacher
@JDEANNIA5 ай бұрын
Thanks! I need that Excel spreadsheet lol
@julioalvarez3788 Жыл бұрын
Thank you man. Super useful and clear.
@EfrosFinancial Жыл бұрын
You're welcome!
@HottgirlzinMiami6 ай бұрын
Thank you , you’re the 1st person I’ve seen talking about this topic
@kendraandindy55223 жыл бұрын
Did a literal awesome job. New sub! Can't wait to see what else you tackle :D
@stormmatthews4 жыл бұрын
Hello Alex. I'm trying to find info on how to calculate depreciation using 200DB on years 2-5 of an asset after 50% bonus depreciation was elected on year 1? The asset, let's say $50k was put in place in 2/2017, so bonus depreciation at that time was 50% = $25k. Can I apply 200DB method on the remaining $25k depreciable basis? If yes, will I use 4 years as the life, to get my percentage of depreciation for years 2-5 or do I still use 5 year life?
@brunohussein1233 жыл бұрын
Hello from Brazil, Alex. Your language is simple what turn your videos easier to understand, even to me, a brazilian who is starting speaks English. Congratulations. Have you ever think about make videos to Brazilian people (accountants, company directors, students, professors) a shall knowledge basic about accounting and taxation). There is a big market here. Subscribed
@EfrosFinancial3 жыл бұрын
Hello Bruno -- thanks for your kind words! As far as languages go, I speak two: English and Bad English! :D I'm glad that the video was helpful for you.
@django6282 жыл бұрын
Awesome thank you for this video
@thecryptoplug68713 жыл бұрын
Thanks for this. I think it would help to do a video on Solar MACRS or the 100% Bonus Depreciation for Solar. Would love to see that.
@thecryptoplug68713 жыл бұрын
For Commercial Solar.
@sergiopolanco51263 жыл бұрын
Hi I decided to go with another tax preparer who needs a depreciation schedule for a rental to be able to file my taxes The problem is the my old tax preparer won’t provide me with a copy Any help on what to do Thanks
@jenniferf30342 жыл бұрын
Thanks for the video! Can you use MACRS depreciation on books?
@CRAIGNV3 жыл бұрын
Hi, I'm inheriting a rental house, at 68 years old can I do a shorter depreciation than 27 1/2 years, I'll be gone by then.
@rondelljoseph15213 жыл бұрын
What if your fixed asset was used ?
@judasarioch45553 жыл бұрын
I meant what is the best path to become an EA if you have no accounting background?
@EfrosFinancial3 жыл бұрын
Hello Eric, Thank you for your question -- I made a video to answer it here: kzbin.info/www/bejne/nIjQdqmkr9ebgbM I hope this helps! :D
@raquelgarcia72612 жыл бұрын
Hi Can I depreciate a vehicle that is under finanical just paid off half of the cost on 2021?
@jblblack578910 ай бұрын
hi Do you use Newton's indicator? \
@svasudev20084 жыл бұрын
need more videos on MACRS calcuations
@haoyuan89342 жыл бұрын
Thank you. could you tell me how do you record macrs when purchasing equipment in September?
@judasarioch45553 жыл бұрын
what is the best path become an EA if you have account background?
@EfrosFinancial3 жыл бұрын
Hello Eric, Thank you for your question -- I made a video to answer it here: kzbin.info/www/bejne/nIjQdqmkr9ebgbM I hope this helps! :D
@daliaalbassam2022 жыл бұрын
Did anyone else think this was Jon Snow from GOT at first glance?
@jairoroductionstudio Жыл бұрын
College student here trying do understand depreciation teacher referred me to this video and let me just tell you. I am even more confused after this video truly terrible. Went more into detail then explaining the actual main ideas.