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What is Depreciation and How Does it Impact my Business?

Posted By ZacJohnson on Blogging

http://www.bloggingtips.com - When businesses buy a large asset for their company, it gets a place as an asset on the balance sheet. But the accounting that happens behind the scenes is much more important than lines on an accounting statement. What is depreciation? How does it impact my business? Depreciation impacts your current year business profitability. How you handle depreciation and accumulated depreciation may be the difference between a big tax bill and a lesser one you hardly worry about. What assets require depreciation? If you buy something disposable for your business, like printer paper or printer ink, that is treated as
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