If you must make a choice between classifying accumulated depreciation as an asset or liability, it should be considered an asset, simply because that is where the account is reported in the balance sheet..
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Fixed Asset and Depreciation Refresher for Businesses Questions/Answers What should be capitalized? What should be expensed? The .
With all of the rules and regulations, it difficult is to calculate depreciation. Here's a guide to calculating depreciation under various circumstances..
Depreciation on buildings The change to the tax depreciation rates in the May 2010 Budget for long-lived buildings has a major impact on future depreciation deductions.
Save time with BMT's Depreciation Rate Finder. Find the effective life and rate of depreciation for depreciating assets as set by the ATO in seconds..