Three Things You Should Know About Asset Depreciation For Your Small Business

When purchasing assets, every business owner should be aware that the value of most assets will reduce over time. Vehicles, capital equipment, and even inventory will gradually cost less over the years, which means that you'll probably end up selling those items at a lower cost. Accounting standards mandate that depreciation should be classified as a business expense. But how can you determine the depreciation cost, and how does it apply to your small business? Read More