Family Law

Family Law News Issue 3, 2014, Volume 36, No. 3

Depreciation as An Allowable Expense in the Computation of Income Available for Child and Spousal Support

Donald John Miod

Donald John Miod,CPA, ABV, CVA, CBA, FCPA, CFF, CFS, CGMA and Partneris the founding partner of Miod and Company, LLP. He oversees all aspects of the company’s accounting, tax and litigation services. His vast background includes developing leading proprietary asset tracing models, several professional certifications, published articles and speaking engagements at professional conferences. Donald is a prominent member of several industry associations and a significant contributor to state industry conferences. He was voted one of the Top 25 CPAs in the San Fernando Valley and is the recipient of the California Society of Certified Public Accountants Family Law Sections Distinguished Service Award.

Preamble

Someone once said that the sure cure for insomnia is to call the accountant’s hotline and have someone explain what depreciation is. While this may be true for some, for others it is quite a different matter.

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