Depreciation Explained – Allden Investments

Real Estate, Real Estate Accounting

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life. Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the tangible assets they purchase as business expenses; however, businesses must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken.

Products You May Like

Articles You May Like

MB 202: Quit Your W-2 in Two Years (at Age 26!) – With Will Harvey
Debt among oldest Americans skyrockets 543% in two decades
Deere rises after tractor-maker reports better-than-expected earnings, says farming stabilizing
Coronavirus live updates: Outbreak in Chinese prisons, South Korea cases exceed 200
How falling behind on a payday loan can lead to an arrest warrant

Leave a Reply

Your email address will not be published. Required fields are marked *