- We pay close attention to detail, and we do not classify any asset to a shorter depreciation life for which we feel we cannot provide sound argument.
- We present our report in an
easy-to-follow format, making your CPA's job of creating your new or
revising your old depreciation schedule a simple task.
- In our report, we provide a
reconciliation of contract costs to the depreciation schedule and
studied capitalized costs, if applicable. This provides a clean
audit trail and may find additional assets qualifying for faster
recovery and accelerated depreciation. This may require the
assistance of your CPA or in-house accounting personnel.
- We prepare certain statements and
attachments supporting the §481 (change in accounting method)
adjustment, if applicable, for regular tax and AMT as well as
adjusted current earnings (ACE) for C-corporations or partnerships,
if applicable. We also account for mid-quarter convention, if
applicable.
- We have a comprehensive feasibility analysis program that accounts for
various situations, including the mid-quarter convention and anticipated sale, and is set up to provide
an accurate NPV projection while incorporating the newly enacted declining income tax rates between 2001 and 2006.
- We work closely with your CPA or
controller in order to assist them in completing their task efficiently and accurately.
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