The site of the Berlin Wall. The Berlin Wall came down 20 years ago, but few of the news stories marking the anniversary have explained the event's full significance. The Cold War had been raging for 14 years before the wall went up on Aug. 13, 1961.
Depreciation Defined. Depreciating an asset means allocating the asset's cost over its useful life. The useful life of an asset, or economic resource, is the period of time over which a company intends to use this asset in operating activities or manufacturing processes. Funded Depreciation Defined. Funded depreciation is a fixed asset management method that helps a company set aside funds to renew machinery and equipment that it uses in operating activities. For instance, a company buys a new truck valued at $100,000 and records $10,000 in annual depreciation expense over 10 years.
Deduct VA mortage insurance (VA funding fee). I deducted a VA funding fee I paid in '09 on my 2009 tax return. According to publication 936, VA mortgage insurance is known as a funding fee and is fully deductible in the year paid as qualified mortgage insurance.hanks for the response. I faxed the IRS back a response quoting again portions of IRS pub 936 that the VA funding fee was fully deductible in 2009 along with e-mails from Chase that they do not put funding fees on their. 1098s and an e-mail from the VA that they do not issue 1098s.