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What Is Depreciation
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=AnYTGy08KW4
Depreciation is a method of allocating the cost of a physical asset over its useful life, taking into account how much its value has declined over time. For example, if you buy a delivery van that costs $100,000 that you expect to use for 5 years, you might have a depreciation expense of $20,000 in each of those 5 years. • In the U.S., the IRS dictates how and when you can deduct depreciation on your business taxes. • ------------------- • Try FreshBooks free for 30 days at FreshBooks.com. • Follow us at: • Twitter: / freshbooks • Facebook: / freshbooks • Instagram: / freshbooks
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