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.