tracyloothes
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Posts: 1 
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Post by tracyloothes on Sept 2, 2019 0:13:16 GMT -6
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Post by kullssamantha on Dec 18, 2019 6:33:47 GMT -6
Using depreciation expense also helps companies correctly report assets at their net book value. Companies initially record fixed assets at their original purchase costs.
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Post by jackharmes on Dec 18, 2019 7:24:20 GMT -6
Depreciation applies to many different assets and projects, more than some businesses realize.
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Post by dianelanix on Dec 18, 2019 7:53:28 GMT -6
Depreciation is a valuable tax deduction. You can lower your taxable income by claiming depreciation as an expense. Unlike most deductible expenses, though, you don't actually spend any money.
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Post by alicemackers on Jan 17, 2020 2:11:48 GMT -6
An accountant’s job is to keep themselves clued up on the financial well-being of a business. As such, they are more likely to notice when money is being spent unnecessarily.
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Post by annemcnalty on Jan 17, 2020 2:18:53 GMT -6
There is also the proper computation for tax payments. You may not know the right way to compute and end up paying more than you should.
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