12/29/2023
Depreciation 101 In short, it’s a tax deduction benefiting the owner of a property. An allowance based off “normal” wear over time on a property. Allowed once every few years. Strategically timed can greatly improve the overall profit/costs of an investment. If you own your own business, you’ve probably heard the term depreciation before, but you might not understand exactly what it is, or how it’s calculated....
Depreciation 101 In short, it’s a tax deduction benefiting the owner of a property. An allowance based off “normal” wear over time on a property. Allowed once every few years. Strategically timed c…