Depreciation expense: Represents the cost of a capitalized asset over time

  • Represents the fact that the business asset is losing value over time
  • Matches the expense of the asset as it is being used up

Depreciation method examples: Straight-line, accelerated depreciation, sum-of-the-years-digits, and units of production

 

K_12F_Depreciation_expense

Write Off Apps

App for Entrepreneurs to Learn Tax Savings, Structure Right, & Grow Their Business with an Easy Game. A player chooses a character and plays each round against an opponent answering questions and learning on how to structure a business right, pay less tax, and more along the way. It is a fun and interactive way to learn all you need fast!

Free Cheat Sheet

Free Cheat Sheet

Subscribe for your free Cheat Sheet and to start your Know Your Numbers Journey

« Back to Glossary Index