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For example, a depreciation expense of 100 per year for five years may be recognized for an asset costing 500.In determining the profits (net income) from an activity, the receipts from the activity must be reduced by appropriate costs.Businesses depreciate long-term assets for both tax and accounting purposes.

Hillary threw a “hail Mary” after the Oregon debacle, proposing that husband Bill would become some kind of economic czar in her inevitable “turn” at 1600 Pennsylvania Avenue. It raised such a snickering in the media that the sick tropes of HBO’s show looked like press releases from Proctor & Gamble’s PR office in comparison.

Bill did such a great job at repealing the Glass-Steagall Act, maybe this dynamic duo of lawyers (“two for the price of one!

We barely had time to put together a coherent culture that historians of the future (enjoying ratatouille with fresh rat by firelight) could identify, and now it’s all percolating into a dreadful maelstrom in which one catches glimpses of the Kardashians, PT Barnum, Betsy Ross, Davey Crockett, and Eleanor Roosevelt amid the detritus of broken Tupperware and flapping pages of the Affordable Care Act. Something is in the air that tells me Hillary will be dumped by the convention in Philadelphia in favor of Uncle Joe Biden, biding his time practically next door in Wilmington.

Speaking of turns, isn’t it Delaware’s turn for a president?

Donald Trump will be forgotten before Thanksgiving. The 20th Anniversary edition With an entertaining new introduction by the author Bargain Price .99 Amazon Kindle …or … Kobo Support this blog by visiting Jim’s Patreon Page!

He will leave a bizarre mental imprint on the life of the nation-that-was, something like a bad acid trip. James Howard Kunstler is the author of many books including (non-fiction) The Geography of Nowhere, The City in Mind: Notes on the Urban Condition, Home from Nowhere, The Long Emergency, and Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation.It’s as if the mortal remains of Millard Fillmore and James Buchanan have come from the grave to eat the brains of Debbie Wasserman Schultz and Reince Priebus.The rectified essence of every zombie fantasy churned out of Hollywood seeps through the capillaries of the dying political establishment, as it stews and ferments and waits to be loaded on the garbage barge of history.The crew from the ghostly still doesn’t know what the heck to do about him.They rock above the depths in their flimsy dinghies, harpoons drooping, waiting for the sea to boil below them and their boats to splinter.There are several standard methods of computing depreciation expense, including fixed percentage, straight line, and declining balance methods.