For book purposes, most businesses depreciate assets using the straight-line method.To calculate depreciation using the straight-line method, subtract the asset’s salvage value (what you expect it to be worth at the end of its useful life) from its cost. The result is the depreciable basis ...
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"Until the late 2000s," Rama Roy says, "There was no question we had to have our own server. Our server was one of our company's biggest depreciable assets, and our IT guy was probably one of our bigger expenses. We practically had him on speed dial for things like upgrading the ...
Even at this very busy time of year (for accountants) you seem to find the time to help people like me who do their own taxes. I hope you are rewarded for your generosity. On a final note, I will probably give you a call this week to seek some advice (which I will happily pa...