How Can an Accountant Help You with Depreciation?
Depreciation is a term that's often thrown around in the world of finance and accounting, but what does it actually mean? Simply put, depreciation is the decrease in the value of an asset over time. This applies to anything from buildings and equipment to patents and trademarks. Remember, failing to account for depreciation properly can have serious consequences for your business. So, what is the importance of depreciation, and how can an accountant help?