Real Estate

segmented depreciation

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I love segmented depreciation. To understand its value and beauty, let’s take a look at what depreciation is.

In accounting, you can write off a certain amount of depreciation as a cost or loss. You see, the IRS considers your assets to be “worn out” and become less valuable over time. For example, if you own a trucking business, you may depreciate your trucks because they wear out and become less valuable. It may be a non-cash expense year after year, but someday you’ll have to replace those trucks.

As we look at our rental property tax deductions, segmented depreciation, or cost segregation as some accountants call it, can work greatly in our favor. You see, the beauty of depreciation when it comes to investing in real estate is that our properties are most likely going up in value.

For years, real estate investors put their properties on a straight-line depreciation schedule of 27.5. But in reality, you may have some assets attached to that property that won’t last anywhere near 27.5 years. Instead, you can depreciate them sooner, like 5 or 15 years.

Here is an example:

You have a duplex valued at $250,000. You could put it on a 27.5-year depreciation schedule, or you could segregate your shorter-lived assets.

If you choose to segregate and do segmented depreciation, you could depreciate $190,000 over 27.5 years, $40,000 over 5 years, and $20,000 over 15 years (for example).

5-year assets are usually things like carpets, appliances, draperies, etc.

15-year assets are things like fences, driveways, patios, etc.

Which method is better segmented or straight line? We’ll see.

If you choose to depreciate the $250,000 over 27.5 years, you will have an annual depreciation of $9,091.

If you choose segmented depreciation, your annual depreciation would be $16,242!

You may have noticed that the $40,000 in 5-year assets will phase out after 5 years and the $20,000 in 15-year assets will phase out over 15 years.

Yes, that’s true, but the reality is that you’ll be replacing those assets anyway, which starts the cycle all over again. You will most likely have to replace the carpets after 5 years in a rental.

So, in most situations, segmented depreciation is well worth doing.

Shopping Product Reviews

Samsung UN40C7000 Review

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Pros: Super slim and great looking at its 1.2″ depth with 1″ bezel. Has new rotating quad mount. Its black and deeply good levels range from average to contrast. It contains excellent color saturation and comes with the optional 240/120HZ feature for sports programs. Connectivity options are built into this slim TV including Ethernet and 3D capability for future programming.

Cons: Expensive price for the average consumer, exclusive WiFi Internet TV network. The impregnation on the color screen occurs with a volume that tends to weaken. Unattractive displays of colors, especially blue in the long term.

Description: The Samsung UN40C7000 looks great and appealing to any buyer, but it also comes at a hefty price tag that leaves average consumers only aspiring to own this type of TV. Its features have a slight difference from its predecessors, but there are improvements that can be felt if you have tried previous Samsung models and compare each one. Equipped with Samsung’s advanced and cutting-edge technology, you’ll truly get an immersive viewing experience with 3D at its finest.

Characteristics:

– Slim design. With LED Edge Lighting TV, Samsung’s LED cabinets are slimmer and more elegant than ever. When placed on the wall, the overall depth of the assembly and mounting kit is less than two inches for a sleeker, more modern look that is sure to complement any angle.

– 3D enabled. The most popular creation of the year, Samsung’s 3D TV works with 3D-enabled content and features the automatic conversion system that will display 2D content in a more enjoyable 3D viewing.

– Internet access. 3D TVs aren’t just meant for watching shows. You can access the Internet directly where you can see the latest news, weather broadcast and scores updates from your favorite sports program and view social networking sites to interact. Now you can watch movies and video content on YouTube and view images on Flickr, all at the touch of a button. Get no breaks from programs and views on content with scales using the sidebar.

– USB 2.0 film. It allows you to play videos, display photos and listen to music on your TV with the USB 2.0 movie function. Simply connect your digital cameras, MP3 players and USB sticks directly to the HDTV for convenient access to the content you want to watch or listen to.

– Environmentally friendly. This Samsung LED TV consumes 40% less energy compared to similar sized LCD screens which will lower your bills. It is environmentally friendly with its mercury-free construction.

Content Library. It allows you to download movies, games and spend more hours of fun with built-in features and content you can do.

Sports

2008 New York Giants

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The New York Giants’ 2007 season was their 83rd season overall. His 84th season still makes the Giants a strong contender; as they have bettered their previous records and finished last season 10-6, ultimately winning the Super Bowl Championship against the New England Patriots. They also had some impressive wins last season, defeating the Tampa Bay Buccaneers, the winning-streak Dallas Cowboys and the Green Bay Packers. The team became the ninth wild card team in NFL history to reach the Super Bowl and the fifth wild card team to win the Super Bowl.

In 2008, the team will try to defend its Super Bowl title and improve on its personal best of 11 straight wins. What should you watch out for as the Giants head into their new season? There have been some losses that should be taken into account. Linebacker Kawika Mitchell left to join the Buffalo Bills, while safety Gibril Wilson joined the Oakland Raiders, along with defensive tackle William Joseph. Even linebacker Reggie Torbor went to the Miami Dolphins.

However, the team has good news in signings and re-signings. Defensive coordinator Steve Spagnuolo stayed loyal to New York over Washington and signed a lucrative $6 million contract to remain the team’s defensive mastermind. Other re-signs included punter Jeff Feagles, kicker Lawrence Tynes and running back Derrick Ward. How about new talent? The New York Giants managed to snatch Pro Bowl safety Sammy Knight, as well as former Carolina Panthers quarterback David Carr and linebacker Danny Clark from the Jacksonville Jaguars.

More exciting news came from the NFL draft, as the team scored six college standouts. Kenny Phillips was hired for a security position from the University of Miami, while Terrell Thomas from the University of Southern California agreed to be a cornerback. Wide receiver Mario Manningham heard good things from the University of Michigan, while Bryan Kehl and Jonathan Goff were signed at linebacker, from Brigham Young University and Vanderbilt University, respectively. Other draft picks included Andre’ Woodson from the University of Kentucky at quarterback and defensive end Robert Henderson from the University of Southern Mississippi.

The return of the Super Bowl Champion New York Giants will occur on August 7, 2008 at Ford Field, against the Detroit Lions in the first preseason game and then on September 4, 2008 at Giants Stadium, when the team kicks off the season. . against the Washington Redskins. How do you see the future of the New York Giants? Will they repeat this year?

Fans and pundits remain divided on the team’s chances, suggesting last year’s victory was unexpected. They are currently listed as #4 or #5 by some game odds, behind the Colts, Cowboys and Patriots. Don’t count the Giants out just yet, though, as they have multiple conference wins and Super Bowl wins on their overall record and, as history says, they were still the best team of 2007. It might as well take a David to massacre these New York Giants in 2008.

Relationship

Vacationing in Kingston, Jamaica? Three Really Cool Places To Visit – A Yardie’s Inside Scoop

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Kingston is the capital city of the island nation of Jamaica, the largest of the Windward Island chain in the Caribbean Sea. The bustling metropolis is located in the southeastern section of the island and has a population of 750,000. Tourism is Jamaica’s main industry and source of income, and while most of the island’s visitors are concentrated on the white sand beaches of Montego Bay, Ocho Rios and Negril on the island’s north coast, Kingston can provide a wonderfully wide and unique variety of activities and attractions for vacationers.

Here are three really great things to do when visiting Kingston-town:

1. Buy gallon bottles of fresh coconut water and coconut cakes and candies at the Board of the Coconut Industry store on Waterloo Avenue. They have a soda fountain from the sweet, clear, refreshing, potassium-rich content of the coconut and serve a variety of container sizes. You can even bring your own container. While you’re there, you must visit the Junta museum located just behind the store, which has some really interesting exhibits on the coconut.

2. Eat fish fry and festival (an elongated cornmeal and flour-based fried dumpling) at Jollies restaurant in Port Henderson or Glorias in Port Royal. To do this right on the beach, visit Hellshire Beach, where vendors cook fresh seafood to order in large skillets over charcoal stoves. Our favorite ‘fish and feast’ creators in Hellshire are “Aunty” and “Prendy”. On Sundays there is DJ music.

3. Shop for grocery items at Superplus Supermarket in New Kingston or Megamart on Upper Waterloo Road. The best places to buy items like 100% Blue Mountain Coffee, rum, spices and condiments at “non-tourist” prices.

Just a few of the many things you can do when you want to get a real taste of Kingston. Enjoy!