Author: candylars

6 Benefits of Using Depreciation on Commercial and Personal Real Estate Property

6 Benefits of Using Depreciation on Commercial and Personal Real Estate Property

In accounting terms, depreciation is defined as the reduction of recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. The fixed assets include the following: buildings, furniture, office equipment, machinery and many more. A land is the only exception which cannot be depreciated as […]