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.
A capitalized cost is recognized as part of a fixed asset on a company's balance sheet, rather than being charged to expense in the period incurred. Capitalization is used when an item is expected to be consumed over a long period of time.If a cost is capitalized, it is charged to expense over time through the use of amortization (for intangible assets) or depreciation (for tangible assets).A short-term variation on the capitalization concept is to record an expenditure in the prepaid expenses account, which converts the expenditure into an asset.he asset is later charged to expense when it is used, usually within a few months. Capitalized costs typically arise in relation to the construction of buildings, where most construction costs and related interest costs can be capitalized. Examples of capitalized costs include: