Category Archives: Bookkeeping

Here Is How Early and How Late You Can File Your Taxes This Year

WASHINGTON (AP) — The IRS on Monday announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline. The primary deadline for e-filing the previous year’s tax return is April 15. When this date falls on…

Double Declining Balance Depreciation Download Free Excel Template

The most common declining balance percentages are 150% (150% declining balance) and 200% (double declining balance). Because most accounting textbooks use double declining balance as a depreciation method, we’ll use that for our sample asset. Double declining depreciation is a method used to calculate the depreciation expense of an asset, where the asset is assumed…