If you anticipate your business will grow, consider starting with QuickBooks Online, which comes with this capability and is designed to be used by multiple people. The plan comes with a subscription to TurboTax so you can file one state tax return and a federal tax return directly from your…
Bookkeeping
Content What is Depreciation? Step 2. Straight Line Depreciation Rate Calculation Straight-Line Depreciation Method Double Declining Balance: A Simple Depreciation Guide As you can see, the depreciation rate is multiplied by the asset book value every year to compute the deprecation expense. The expense is then added to the accumulated…