Why is understanding which assets can and cannot be depreciated essential? For instance, if an airline hires an aircraft temporarily in anticipation of a busy season, it should not be considered as a depreciable property of the airline. Another way depreciation is used in cost accounting is to create a reserve to replace a long-term […]
Kategori Arşivleri: Bookkeeping
There are strategies that can be leveraged to optimize the tax efficiency of an investor’s bond portfolios, such as investing in tax-exempt bonds. In this case, the bond holder essentially assumes the same role as a bank lending a 30-year mortgage to a home buyer. Much like the bank receiving regular payments virtual accountant over […]