business and finance question

User Generated

funebawbuafba28

Business Finance

Description

Why might a company choose to use different methods of depreciation?

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

When you run a small business, depreciating your equipment can help offset the purchase costs through tax savings. When handling the depreciation for your property, you get to choose which method you want to use. Depending on your business structure and your preference, one method may be the best choice for your situation.


Anonymous
Great! 10/10 would recommend using Studypool to help you study.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags