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Depreciation financial definition of depreciation

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So, if you use an accelerated depreciation method, then sell the property at a profit, the IRS makes an adjustment. They take the amount you’ve written off using the accelerated depreciation method, compare it to the straight-line method, and...

Credit Memo vs Debit Memo: Whats the Difference?

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For example, a purchase return is where a buyer informs the seller that they are returning the purchased goods along with their reasons. Once the seller receives a debit memo, they must approve it and issue a credit note....

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