I appreciate you… and I depreciate your assets.
Depreciation is how we account for an assets value becoming reduced through time and use. It is the measure of decline in value of an asset used by a business to generate income. Assets depreciate at different rates and...
Them: Just buy a car before the end of financial year, you can write it off for business!
You: Hmm, that seems too good to be true. What about depreciation?
Them: Nah, use the ‘small business write off’ thing.
You: I’m going to ask my accountant.
Me (your accountant): YAY!! A+ to...