Companies that comply with generally accounting principles, called GAAP, may opt to use the declining balance method to calculate depreciation on a particular asset or group of assets. The declining ...

Learn how to calculate depreciation for tax deductions using GAAP methods like straight-line and declining balance for optimal savings.

Learn to calculate fixed asset depreciation in Excel using methods like straight-line, sum of the years' digits, and more for accurate financial analysis.

Everything you buy for your business wears down, from factories to laptops. The IRS lets you depreciate assets, writing off the purchase price over time, to reflect the loss from aging. Straight-line ...