Examples of accelerated filer in the following topics:
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The Disclosure Process
- However, in September 2002, the SEC approved a rule that changed the deadline to 75 days for "accelerated filers. " Accelerated filers are issuers that have a public float of at least $75 million, that have been subject to the Exchange Act's reporting requirements for at least 12 calendar months, that previously have filed at least one annual report, and that are not eligible to file their quarterly and annual reports on Forms 10-QSB and 10-KSB.
- In December 2005, the SEC created a third category of "large accelerated filers," which are accelerated filers with a public float of over $700 million.
- As of December 27, 2005, the deadline for filing for large accelerated filers was still 75 days; however, beginning with the fiscal year ending on or after December 15, 2006, the deadline is 60 days.
- For other accelerated filers the deadline remains at 75 days, and for non-accelerated filers the deadline remains at 90 days.
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Methods of Depreciation
- Some of the most common methods used to calculate depreciation are straight-line, units-of-production, sum-of-years digits, and double-declining balance, an accelerated depreciation method.
- The Modified Accelerated Cost Recovery System (MACRS) is the current tax depreciation system used in the United States .
- Sum-of-years' digits is a depreciation method that results in a more accelerated write-off than straight line, but less accelerated than that of the double-declining balance method.
- The double-declining balance method is a type of accelerated depreciation method that calculates a higher depreciation charge in the first year of an asset's life and gradually decreases depreciation expense in subsequent years.
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Impact of Depreciation Method
- Sum-of-years digits is a depreciation method that results in a more accelerated write off of the asset than straight line but less than double-declining balance method.
- Double-declining balance is a type of accelerated depreciation method.