Calculating Depreciation
There are two methods by which the depreciation of a deductible item may be calculated. The first is called ‘Prime Cost Method’. The second is called ‘Diminishing Value’.
What is a Depreciation Schedule
Chances are, if you are in the property sector, you’ve heard the term ‘depreciation schedule’ tossed around a few times; and chances are, if you are reading this article, you haven’t gotten one before.