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Depreciation

Fixed assets such as furniture, computers, vehicles, and buildings contribute to the operating capacity of a business over many years. Because of their long-term value, fixed assets are treated differently than other business expenses. Typically, you expense the purchase price of a fixed asset over its useful life, not just the year in which you made the purchase. This business expense is known as depreciation.

See also

KB ID# H_GLOSSARY_DEPRECIATION
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QYPPRDQBKSWS03 9138 Pro 2017 04f74a