depreciation

Accumulated Depreciation: What You Need to Know

Accumulated Depreciation: What You Need to Know

Accumulated depreciation is a crucial accounting concept that plays a significant role in financial reporting for businesses.

In this article, we will explore what accumulated depreciation is, how to calculate it, its classification as an account, where it appears on a balance sheet, the purpose it serves, and whether or not it is considered an asset.

What Is Cost Segregation? [And How It Works!]

What Is Cost Segregation? [And How It Works!]

Cost segregation is a common way of trying to maximize the amount of depreciation expense you can claim by speeding up the abstract decline in property value. Let’s take a look at how that plays out.