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Is There a Difference Between Amortisation and Depreciation?

Fixed assets rarely last forever and in accounting is a process to reflect the use of an asset which lasts for more than one...

What is Depreciation?

What is Depreciation? Depreciation is the accounting method of spreading the cost of a fixed asset over a certain period of time which is greater than one...

What is the Reducing Balance Method of Depreciation?

What is the Reducing Balance Method of Depreciation When the reducing balance method of depreciation is used an asset is depreciated more at the start...

How to Calculate Depreciation

How to Calculate Depreciation There are two main methods used in the UK to calculate depreciation - the straight line method and reducing balance method....

What is a Fixed Asset?

What is a Fixed Asset? A fixed asset is an item which a business purchases and uses to generate its income. Unlike an asset like stock...

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