Depreciation is the reduction in the value of an asset over time due to wear and tear. Depreciation is used for both tax and accounting purposes when recording the value of mainly equipment or machinery.
Depreciation is the reduction in the value of an asset over time due to wear and tear. Depreciation is used for both tax and accounting purposes when recording the value of mainly equipment or machinery.
Level’s Steven Elwell, CFP®, discusses first quarter market performance in this video. Extra emphasis added regarding the upcoming Presidential election
