On Monday , we exposed mayoral candidate Ben Hall âs consistent Democratic primary voting record , his contributions totaling over $100,000 to liberal Democrats like Barack Obama , Hillary Clinton , John Kerry , Sheila Jackson Lee , Eddie Bernice Johnson , Lloyd Doggett , and Al Green and that he is a current Sustaining Member of the Harris County ...
Claim Capital Cost Allowance (depreciation) for equipment, motor vehicles, or buildings used for your business in the self-employment section of the Interview. (For CCA expenses for rental properties, see Entering rental income and expenses 1  .). Click the Income tab at the top of the interview.
Capitalizing Expenses. When you capitalize an expense and then amortize the costs, you spread the cost over an extended period of time. Suppose you decide to amortize a $60,000 expense over a five-year period.You would record $60,000 to an asset account and offset it with a $60,000 credit to notes payable or cash.All of these are balance sheet accounts, so you have not yet affected your income statement.apitalizing Expenses. When you capitalize an expense and then amortize the costs, you spread the cost over an extended period of time. Suppose you decide to amortize a $60,000 expense over a five-year period.