Depreciation

Depreciation is the expensing of cost of property, building, and equipment over a period of time. Assets owned by a business must be depreciated or expensed out over a specific period of time determined by various taxing authorities. We work with clients to determine the best tax efficiencies and ways to utilize various acceptable methods to manage depreciation. We also go one step further to help business owners ensure their depreciable assets are being accounted for accurately and described properly on their asset schedules.