BDO RISE Private Limited Senior Tax Associate Interview Questions and Answers

Depreciation methods and forms are used to allocate the cost of an asset over its useful life for tax purposes.

• Depreciation methods include straight-line, double declining balance, units of production, and sum-of-the-years-digits.

• Forms used for depreciation include Form 4562 for assets placed in service during the tax year and Form 4797 for assets disposed of during the tax year.

• Depreciation is important for determinin...read more

Reviewing returns and workpapers involves thorough examination of tax documents and supporting documentation.

• Start by reviewing the tax return for accuracy and completeness

• Compare the numbers on the return to the supporting workpapers

• Check for any discrepancies or missing information

• Verify that all calculations are correct

• Ensure that all necessary schedules and forms are included

• Document any findings or issues for furt