With the exception of land, all tangible property generally loses value over time because it deteriorates (e.g., buildings or vehicles), becomes obsolete (e.g., computers) or loses protection against competition (e.g., […]
Tag: Straight-line depreciation
What Does Depreciation Mean to Your Construction Business?
Each time your construction company prepares its financial statements, you can record a depreciation expense. This spreads out the initial price of an asset over the course of its useful […]