Depreciation is the measurement of the decline in the worth of an asset. Common methods of depreciation include: straight line, units of production, sum-of-years-digits and double-declining balance.
<p><a href="https://www.goforma.com/small-business-accounting/31-accounting-terms-concepts-you-need-to-know" target="_blank">Depreciation</a> is the measurement of the decline in the worth of an asset. Common methods of depreciation include: <a href="https://www.accountingtools.com/articles/2017/5/15/straight-line-depreciation" target="_blank">straight line</a>, <a href="https://www.accountingtools.com/articles/2017/5/17/units-of-production-depreciation" target="_blank">units of production</a>, <a href="https://www.accountingtools.com/articles/2017/5/17/sum-of-the-years-digits-depreciation" target="_blank">sum-of-years-digits</a> and <a href="https://www.accountingtools.com/articles/2017/5/17/double-declining-balance-depreciation" target="_blank">double-declining balance</a>.</p>
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Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
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