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ERIC Number: ED436274
Record Type: Non-Journal
Publication Date: 1999
Pages: 66
Abstractor: N/A
Reference Count: N/A
ISBN: ISBN-1-884834-76-0
ISSN: N/A
Family Child Care Inventory-Keeper: The Complete Log for Depreciating and Insuring Your Property. Redleaf Business Series.
Copeland, Tom
Figuring depreciation can be the most difficult aspect of filing tax returns for a family child care program. This inventory log for family child care programs is designed to assist in keeping track of the furniture, appliances, and other property used in the child care business; once these items have been identified, they can be deducted as business expenses on income tax forms. The Inventory-Keeper log provides the information needed to claim depreciation deductions for items purchased before the business began and items bought after the business began. The log can also be used for insurance purposes if any items are stolen or destroyed. The log's introduction details the step-by-step procedure for completing the inventory forms, and provides suggestions for determining the fair market value of items; delineates the rules for claiming business expenses on tax returns; and provides other tips for inventory such as maintaining a photograph or videotape record of items. The log next presents detailed, room-by-room listings of potential items, with space available for recording relevant information. A section is included for listing home, home improvements, and land improvements. The log concludes with a sample list of strictly personal items and separate tables for those items. (KB)
Redleaf Press, Division of Resources for Child Caring, 450 North Syndicate, Suite 5, St. Paul, MN 55104-4125; Tel: 800-423-8309 (Toll Free); Web site: .
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A