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What should be capitalized asset?

The assets should be capitalized if its cost is $5,000 or more. The cost of a fixed asset should include capitalized interest and ancillary charges necess...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is negotiating a soft skill?

Negotiation skills are an integral part of soft leadership, because soft leadership involves the use of persuasion and negotiation with an intention to ac...

Can form 7004 be filed electronically?

More In Tax Pros Form 7004 can be e-filed through the Modernized e-File (MeF) platform. All the returns shown on Form 7004 are eligible for an automatic e...

What is a normal deposit limit?

In California, it’s based on whether the unit is furnished. For unfurnished units, the landlord can’t charge more than two months’ worth of rent. For furn...

How do startups evaluate stock options?

How to value startup stock options when comparing job offers The strike price of the options. The vesting schedule. The last round valuation (per share as...

What makes you qualified for a personal loan?

Credit scores range from 300 to 850 and are based on factors like payment history, amount of outstanding debt and length of credit history. Many lenders r...

How much is a downpayment on a 100k house?

So, if you’re buying a house for $100,000: A 3.5 percent down payment translates to $3,500. A 20 percent down payment translates to $20,000. Is it bad to ...

Is Santa Fe New Mexico Old?

Situated at 7,000 feet in the foothills of the southern Rocky Mountains, Santa Fe is the highest and oldest capital in the U.S. Founded between 1607 and 1...

How do property management companies bill?

The management fee is usually a percentage of the gross collected rent, but you’ll also find rental property managers who charge a monthly flat fee. Rates...

How do accruals affect profit?

Accruals are revenues earned or expenses incurred which impact a company’s net income on the income statement, although cash related to the transaction ha...