Reviewed by Charlene Rhinehart Fact checked by Vikki Velasquez Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the ...

Learn how to calculate asset depreciation and amortization using the straight-line basis method. Discover its advantages, ...

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 ...

Determining the monthly accumulated depreciation for an asset depends on the asset's useful lifespan as defined by the IRS, as well as which accounting method you choose to use.

Depreciation helps companies account for the declining worth of their assets. Learn about the different types of depreciation and how to calculate it.

Variable-declining balance uses the double-declining factor but also initiates the automatic switch to straight-line depreciation once that is greater than double-declining.