Amortization and depreciation are accounting methods used to allocate the cost of assets over their useful lives. Amortization applies to intangible assets like patents and trademarks. Depreciation ...

Posting depreciation means to account for depreciation using the proper journal entries. Companies must depreciate their assets annually. Depreciating assets will match the cost to purchase the asset ...

Editor’s note: This article appears in the January 2009 issue of The Tax Adviser, the AICPA’s monthly journal of tax planning, trends and techniques. The IRS has issued Rev. Proc. 2008-65, which ...

Discover how different depreciation methods affect long-term asset values and short-term earnings, plus key assumptions that influence financial health.

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 ...

If you recorded a $1 million expense this month for buying a factory or an office building, it might leave your ledger swimming in red ink. Depreciation lets you expense the purchase price over time ...

View post: Target and Walmart crack down as retail theft rises sharply ...

Most cattle producers are surprised with how much their annual cow-cost truly is. The biggest reason for this is that most producers only factor in their cash costs when calculating annual ...