A balance sheet offers a glimpse into a company’s assets and breaks them into two categories: current and non-current assets. Current assets like cash equivalents and securities can easily be ...

Depreciation is a crucial concept in finance, affecting both businesses and personal life. It measures the loss of value of ...

NORTHVILLE, MICHIGAN (Jan. 27, 2000)-- Last week we introduced the balance sheet and reviewed some key categories that fall under current assets. I had originally planned to dive next into current ...

Learn how carrying value signifies asset value on balance sheets, using formulas and examples to assess depreciation and amortization accurately.

Double declining balance depreciation is a method of depreciating large business assets quickly. Learn how and when to use it. The double declining balance (DDB) depreciation method is an accounting ...

One of the largest deductions for farmers is depreciation, which can be misunderstood in how it works. The tax code allows you to deduct your farm purchases in three ways in the following order: ...

New rules regarding cost segregation have made 100% bonus depreciation permanent for commercial properties. This allows ...

Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. Buried in the July 4 tax overhaul, formally titled the One Big Beautiful Bill Act, was ...

Warren Buffett famously said, "The first rule of investment is don't lose, and the second rule of investment is don't forget the first rule." I find that owning real estate and taking advantage of ...