It's not that Uncle Sam does not want your clients to deduct those big-ticket items that are critical to running almost any business. The less cynical among us would nod and agree with the Internal ...

When your company purchases a fixed asset with an estimated lifetime exceeding one year, you cannot deduct the entire cost in the year of purchase. Rather, you must depreciate the asset by expensing a ...

If your business has fixed assets, generally accepted accounting principles, or GAAP, can serve as a guide to properly account for these long-term tangible assets on your accounting records. Specific ...

Depreciation is a concept and a method that recognizes that some business assets become less valuable over time and provides a way to calculate and record the effects of this. Depreciation impacts a ...

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 ...

Transitions are difficult for any class of software, but fixed asset management programs have had more than their fair share of adjustments in the past few years.What began as a simple spreadsheet ...

ATLANTA, May 16, 2023 (GLOBE NEWSWIRE) -- Lucasys, the leading provider of tax technology and services for rate-regulated companies and other asset-intensive businesses, announces the release of its ...

Learn how group depreciation simplifies asset management by pooling similar assets, its benefits, limitations, and why it's ...

Depreciation of durable means of production, e.g. machinery buildings, transport equipment, computers and software due to normal usage and economic obsolescence. Depreciation of intangible assets, e.g ...

Understanding the differences between depreciation and amortization is essential for managing assets and financial reporting. Both are methods of allocating the cost of an asset over its useful life, ...