Appreciation for depreciation

What is a fixed asset?

A fixed asset is something tangible and used in the business that is expected to have a useful life of more than 12 months.

What is depreciation?

Depreciation is a method of allocating the cost of a tangible asset over its useful life.

We cover off what gets depreciated, how depreciation is calculated, book value, selling an asset and cashflow in our latest Contact article.

Read more to understand about depreciation and fixed assets in your business in this article here.

Written by Atul Mehta for Contact Pharmacy Guild Magazine, November 2015.

Depreciation and Fixed Assets
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