Income Forecast Method

Income Forecast Method

Income Forecast Method means:
a method used to depreciate television tapes, movie films, and taped shows. Since the useful life of these items does not depend upon the passage of time or wear and tear, it is estimated in terms of their anticipated dollar earnings (gross income less expenses of distribution). Annual depreciation is determined by the dollars earned within the taxable year. An adjustment of the income forecast may be made if the original estimate proves to be substantially over- or understated.

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.


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