Companies have always faced a major issue of how to reflect changes in accounting methods and error corrections in financial statements. In 2005 FASB issued Statement ...

Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring repair or replacement. Depreciation helps companies account for the ...

What is depreciation? Learn how it works, the main methods and how it impacts your business taxes and accounting.

Depreciation is an accounting technique used to record the decline in an asset's value over time as it wears out or becomes obsolete. It involves listing an annual expense on profit and loss accounts ...

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 ...

Double declining balance depreciation is a method of depreciating large business assets quickly. Learn how and when to use it. The double declining balance (DDB) depreciation method is an accounting ...

The U.S. Internal Revenue Service provides businesses with the option to depreciate their property. The depreciation accounts for the gradual deterioration of property and provides the business with a ...