Listen to the best depreciation joke ever written. Who says accountants don’t have a sense of humor?
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Depreciation We depreciate the value of Fixed Assets over the life of the asset in the financial statements, and generally the method of calculating this amount is specifically stated in the Notes to the Financial Statements as a company policy. It really doesn’t matter what method a company uses to record and calculate depreciation, but the company should continue to use that same method year after year. Generally, there are four different ways to calculate depreciation: 1) Straight Line Method You take the value of the asset less what you think the value will be worth at the end of [More]