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Startup Tips

Financial Adviser: What is depreciation?

There are three advantages when you depreciate an asset.

Q: My accountant has reviewed the financial projection I prepared for my new business. I was told that my forecast was too positive because I did not include depreciation expenses. Do I really need to include depreciation in my income projection? Why? ...

by Henry Ong  | May 17, 2016 05:00:00
Startup Tips

Don\\\'t think of depreciation as a negative thing

The cost of acquiring equipment or renovating your office can be treated as an expense that must be spread over the asset\\\'s useful life as depreciation.

In business, when you pay for something that you use to generate sales, you treat the item as an expense. Buying office supplies, printing marketing brochures, or paying for newspaper advertising are some of the items that you would normally consider as ...

by Henry Ong  | March 09, 2012 07:00:00