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Bookkeeping Archives | Spectrum Business Online https://spectrumbusinessonline.com/category/bookkeeping/ Get found and chosen Wed, 15 Jan 2025 08:39:05 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 https://spectrumbusinessonline.com/wp-content/uploads/2021/12/logo-for-profile-150x150.png Bookkeeping Archives | Spectrum Business Online https://spectrumbusinessonline.com/category/bookkeeping/ 32 32 193962065 Depreciation & Amortization: What Is It, Calculation & Importance https://spectrumbusinessonline.com/2021/05/21/depreciation-amortization-what-is-it-calculation/ https://spectrumbusinessonline.com/2021/05/21/depreciation-amortization-what-is-it-calculation/#respond Fri, 21 May 2021 18:58:53 +0000 https://spectrumbusinessonline.com/?p=11879 In this example, we can say that the service given by the weighing machine in its first year of life was $200 ($1,000 – $800) to the company. Depreciation is allocated over the useful life of an asset based on the book value of the asset originally entered in the books of accounts. Estimated useful…

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