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Depreciation

BUSINESS
October 27, 1994
Town & Country TrustBaltimore ... ... ... ... ... Ticker ... ... ... ... Yesterday's... ... ... ... .. .. ... ... Symbol ... ... ... ... Cls. .. .. Chg.... ... ... ... .. .. ... ... TCT ... ... .. ... ... 13 5/8 .. +Period ended9/30 ... ... ... ... ... 3rd qtr. ... ... ... Year ago ... ... Chg.Revenue .. .. .. ... ... $22,106 .. .. .. ... $8,527 .. .. ... +159.3%Funds from operations* ... 6,831 .. .. .. ... $3,024 .. .. ... +125.9%Per share* ... ... ... ... $0.44 .. .. .. ... $0.19 ... .. ... +131.
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BUSINESS
August 3, 1993
Macy earnings again on targetR. H. Macy & Co. Inc. said yesterday that its earnings met expectations in June for the fifth straight month, although sales were held back by a weak performance in the Northeast.Macy said its June earnings before interest, taxes, depreciation and amortization totaled $12.2 million, compared to a loss of $7.4 million in June 1992. Sales at stores open at least a year -- the most commonly used measure of retail sales strength -- rose 1.5 percent, while sales from all of Macy's stores were up 3.1 percent.
BUSINESS
December 30, 2001
Selling investment real estate can result in a rude awakening when it comes time to pay federal and state income taxes on the profit earned from the sale. Income tax must be paid on the recognized gain. The gain is not necessarily measured by deducting the original cost of the real estate from the sales price. Instead, the original cost must be adjusted to compute the tax "basis" of the property. Original cost is adjusted upward for money spent to improve the property to the extent these expenditures have not been deducted from property income for tax purposes in prior years.
BUSINESS
By Gregory Karp and Gregory Karp,The Morning Call | June 8, 2008
With gasoline prices soaring, owners of trucks and sport utility vehicles are likely asking the same question: "Should I trade my gas hog for a new fuel-efficient car?" You'll have to do the math, but if you do it right the answer is likely to be "No" from strictly a money standpoint. It's often not worth dumping a large vehicle for a smaller one, especially a new car. You just won't make up in gas savings what you spend on a new car, mostly because of the hidden costs. "You have to look at the big financial picture and weigh all the ownership costs, not just the fuel-usage cost," said Rik Paul, Consumer Reports automotive editor.
NEWS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | March 9, 2002
In a move that experts say doesn't cut deep enough, Kmart Corp. said yesterday that it will eliminate 22,000 jobs and close 284 stores - including seven in Maryland - as part of its restructuring under Chapter 11 bankruptcy. Of 34 stores in the state, Kmart will close those in Aberdeen, Columbia, Forestville, La Vale, Laurel, Randallstown and Waldorf. A company spokeswoman said a total of 559 jobs will be cut. Nationwide, the country's third-largest discount retailer will close 271 Kmart discount stores and 12 Kmart Supercenters in 40 states and one store in Puerto Rico.
BUSINESS
March 29, 1991
BTR Realty Inc. of Linthicum said yesterday that it lost almost $3.2 million, or 37 cents a share, during the fourth quarter of 1990.The company said, however, that its earnings before depreciation, amortization and deferred taxes from operating properties were up 16 percent for the full year.BTR said that discounting depreciation and the other factors lets investors judge its cash flow, which the commercial real estate ,, development company said gives a better picture of its health than net income.
BUSINESS
By BLOOMBERG NEWS | October 8, 1997
NEW YORK -- Loral Space & Communications Ltd. yesterday agreed to buy Orion Network Systems Inc. for about $490 million in stock, expanding its satellite services into new markets.Rockville-based Orion owns and operates the Orion 1 satellite, which covers European, trans-Atlantic and U.S. markets, and has two more satellites under construction. The company provides video communications and other services to about 260 multinational businesses and Internet-service providers in 47 countries.
BUSINESS
January 24, 1993
Depreciation rate set by mobile home's useQ: I recently purchased a single-family mobile home that I intend to use as a rental. At what rate may I depreciate the home? Does it qualify as a vehicle, or do I treat it as a piece of real estate?A: A mobile home used as a residential rental must be depreciated over the 27.5-year schedule used for real estate.The reason a mobile home used as a rental does not qualify for the seven-year depreciation schedule afforded vehicles has nothing to do with whether it is a vehicle or a piece of real estate.
NEWS
By Elise Armacost and Elise Armacost,Staff writer | March 1, 1992
A Glen Burnie Republican activist who last week accused the county utilities department of "intentionally misleading the public" has called for an investigation of the agency.Michael Serabian, founder of Citizens Against Utility Taxes, said that, based on his own study of utility records and customers' bills, he believes public water and sewer customers are being ripped off.In a press release issued for CAUT late last week, Serabian called for a "complete investigation," an independent audit to locate cashsurpluses from depreciation and special fees, and release of currentresumes and college transcripts for Director of Utilities Thomas Neel and Deputy Director John Zohlen.
NEWS
By Jeff Gottlieb and Jeff Gottlieb,Knight-Ridder News Service | December 6, 1990
STANFORD, Calif. -- Stanford University has been charging taxpayers for depreciation on a 72-foot sailboat with a Jacuzzi and two wood-burning stoves, for use of athletic facilities and for faculty discounts on tickets to basketball and football games -- all in the name of research.After a congressional subcommittee questioned items Stanford billed the federal government for research, the university agreed to repay $184,286 it charged for depreciation on the yacht and on other athletic department equipment, including smaller sailboats, racing sculls, computers and a prefabricated building.
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