How To Determine an Asset’s Salvage Value

At this point, the company has all the information it needs to calculate each year’s depreciation. It equals total depreciation ($45,000) divided by useful life (15 years), or assets = liabilities + equity $3,000 per year. This is the most the company can claim as depreciation for tax and sale purposes. In some contexts, residual […]

Cash Flow from Operations: Meaning and Calculation Methods

An income statement shows revenue and “income,” but communicates nothing about the cash that a business is actually putting in its bank accounts. Net income and earnings per share (EPS) are two of the most frequently referenced financial metrics, so how are they different from operating cash flow? The main difference comes down to accounting […]

QuickBooks Payroll Review and Pricing in 2025

I appreciate you reaching out to our Live Support Team, @americanm1. I’ll share details to help deal with the tax payments in QuickBooks Online (QBO). Please know it is always best to consult with your accounting professional anytime you run into issues not knowing which account to use. Your accountant can review your books and […]