by Ken Parsons (CPA) | Jan 22, 2022 | Depreciation Tax Tips
Assets have a discrete life, and as such, are eligible to be depreciated over time. With the double declining balance method, you depreciate less and less of an asset’s value over time. That means you get the biggest tax write-offs in the years right after you’ve...
by Ken Parsons (CPA) | Jan 22, 2022 | Depreciation Tax Tips
As computers, tools, peripherals, and other business equipment wears out over time, their value decreases – this concept is known as a depreciation in value. It’s essential that all businesses understand the various depreciation methods which may be...
