What is depreciation? After a problem behaviour has been identified, address the employee immediately. Or, a computer can be used for 1 year whilst a depreciation rate of three years was provided for. It is the accounting term used to describe the wear and tear of assets over a certain period. Apart from IRS, guidelines, the business should have clarity of the exact amount of years the asset will be used for. What makes depreciation more contentious is the fact that it is a book entry. The following points are crucial for depreciation; · Depreciate on a systematic basis · Review depreciation methods annually · Review residual values and useful lives annually. To derive maximum benefit from the business assets, the services of experts have to be considered. After the contract is signed, a manager needs to stay involved and committed to the process of change. Tampering with the depreciation rate/amount can result in either a loss or profit depending on the circumstances. Employees Are In

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