#assets
Assets
Track and manage business assets, depreciation, and valuations
Gain or Loss on Asset Disposal: How to Record Selling, Scrapping, or Trading In Business Equipment
When a business sells, scraps, or trades in a fixed asset, gain or loss equals proceeds minus book value — both the asset cost and its accumulated depreciation must be cleared, and Section 1245 recapture taxes the gain as ordinary income on Form 4797.
ASC 842 Lease Accounting for Private Companies: Putting Operating Leases on the Balance Sheet
ASC 842 requires private companies to capitalize nearly every lease longer than 12 months as a right-of-use asset and a lease liability. This guide walks through the five-criteria classification test, the six-step calculation, the risk-free rate and short-term lease expedients, and the audit findings that most often trigger restatements.
Federal Tax Lien: What It Is, How It Affects You, and How to Get Rid of It
A federal tax lien gives the IRS a legal claim against all your assets — real estate, bank accounts, and future property — when you fail to pay taxes. Here are six concrete resolution paths, from full payment and installment agreements to lien withdrawal.
Double Declining Balance Depreciation: Complete Guide with Examples
The double declining balance (DDB) method front-loads depreciation deductions, letting businesses write off more in the early years when assets lose value fastest — with a step-by-step formula, worked example, and comparison to straight-line depreciation.
Depreciation: The Complete Guide for Small Business Owners
A practical guide to business asset depreciation covering MACRS, Section 179 (2026 limit $2,560,000), bonus depreciation restored to 100%, five depreciation methods, recapture rules, and the most common mistakes that cause small business owners to overpay taxes.
Bonus Depreciation: The Complete Guide for Small Businesses in 2026
The One Big Beautiful Bill Act permanently restored 100% bonus depreciation for property acquired after January 19, 2025. Here's how small businesses can claim the full first-year deduction on equipment, vehicles, and qualified improvements—and when skipping it makes more sense.
Goodwill in Accounting: What It Is, How to Calculate It, and Why It Matters
Learn what goodwill is in accounting, how to calculate it during a business acquisition, where it appears on the balance sheet, how impairment testing works, and why it matters for business owners buying or selling a company.
Accumulated Depreciation (for Beancount): A Practical, Plain‑Text Guide
Understand accumulated depreciation and how to accurately reflect the declining value of fixed assets in your Beancount accounting system. This guide provides clear explanations and practical, copy-pasteable examples for effective financial management.
Modeling Real Estate Transactions in Beancount
Learn how to effectively model real estate transactions in Beancount, treating properties as assets and understanding mortgage liabilities and expenses for better financial management.
Understanding Amortization in Beancount
Learn how to effectively manage amortization in Beancount, allowing you to spread out expenses over time for better financial clarity and management.
Introduction to Beancount.io
Beancount.io simplifies investment tracking for stocks and cryptocurrencies, offering a user-friendly interface and powerful features tailored for engineers and financial minimalists.