The depreciable base is the value that is divided by the service life of the asset. In this example, it’s $5 million, divided by, let’s say, 10 years that the building is estimated to be useful. The choice of depreciation method depends on several factors, including the nature of the business, the expected useful life … Read more
Cash-basis accounting is often used for income tax reporting while accrual-basis is usually better for financial statements. The difference between the accrual and cash accounting methods is a bookkeeping fundamental that all bookkeepers should understand. With cash basis accounting, your revenue and expenses are recorded when cash is received or paid out, not when invoices … Read more
Microsoft is a global technology leader, constantly driving innovation and transforming the digital landscape. With cutting-edge mobile applications and cloud solutions, the company enables users to work, learn, and enjoy entertainment wherever they are. Innovative Solutions for Business and Personal Use Products such as Office 365 and the Azure platform have revolutionized the way both … Read more