What is depreciation? Learn how it works, the main methods and how it impacts your business taxes and accounting.

Depreciation is an accounting and tax principle that acknowledges the useful life of a physical, long-term asset, which is an asset with a life span exceeding 12 months, and accounts for wear and tear ...

Lou Seno is Chairman Emeritus and Special Advisor to the JSSI (Jet Support Services Inc.) Board of Directors. Prior to joining JSSI, Mr. Seno held senior management positions at the business aircraft ...

A business wants to deduct expenses against revenues in the most effective fashion possible. But being effective doesn't mean that you always deduct an expense immediately. Depreciation allocates the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...