Real estate is an investment that you can own or you can rent. Behind every main street is a real estate story. And yet, it is not enough to choose a residence any more than it is enough to choose a hotel when on vacation. A home must be one in which the owner has completely immersed himself or herself. It must be an extension of the owner’s personality, lifestyle, and desires. In this article,…
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 the value of land appreciates with time. Different methods of depreciation are available to allow business owners to depreciate their…