Depreciation is a crucial concept in finance, affecting both businesses and personal life. It measures the loss of value of ...

Income is perhaps the single most important measurement of a business's success in running its operations, but it is inaccurate and misleading unless the business records revenues and expenses in the ...

Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, risk management, and public policy. Peter began covering markets at Multex (Reuters) ...

Depreciation expense can be a big portion of a company’s total expense. And since expenses decrease income, it affects the overall value of a company. Understanding what it is and the methods can help ...

Accepted accounting guidelines state that, whenever possible, expenses should be reported during the same accounting period in which revenue was earned. Depreciation allows a company to deduct costs, ...

Accumulated depreciation is the sum of an asset’s depreciation expense. It’s calculated from the start of its use to a specific date. It’s also a contra-asset account. That means it decreases the ...

Every asset has a useful life, and failing to plan for replacements can lead to costly downtime or last-minute, high-cost ...

Learn key provisions of depreciation under Section 32, including eligibility, ownership, usage conditions, asset types, and ...

Depreciation is the recovery of the cost of a physical asset, like property or equipment, over multiple years. It allows companies to spread out the cost of some expenses, reduce taxable income and ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Andy Smith is a Certified Financial Planner (CFP®), ...