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Post by jackharmes on Dec 27, 2022 10:41:10 GMT -5
Businesses generally have a choice as to how to take a depreciation deduction. They can either deduct the entire cost in the first year when it elects to write it off as an expense, or it can depreciate it and write the asset’s value off over its useful life expectancy.
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Post by rebeccamckull on Jul 4, 2023 0:32:03 GMT -5
As you make mortgage payments, a portion goes towards paying down the principal amount of the loan. This helps you build equity in your home over time. Equity is the difference between the market value of your home and the outstanding mortgage balance. Building equity can be a valuable long-term asset and can provide financial security.
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