Depreciation and Fixed Asset Concepts

The topics listed below discuss the basics of depreciation and can assist you in making correct decisions when depreciation your assets.

You can depreciate any asset up to three different ways, depending on which depreciation books you use.

Depreciation may be defined in accounting terms and in practical terms.

There are five basic elements of depreciation: property type, placed-in-service date, depreciable basis, estimated life, and depreciation method.

The application handles sales, abandonments, like-kind exchanges, casualties, and bulk sales. You can dispose of an asset completely or in part.