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How to calculate depreciation?

Image for how to calculate depreciation article by Fusion Partners

An asset is not counted as an immediate expense when it is purchased by a business. The cost is accounted for over a number of years by calculating depreciation. Calculating depreciation is important when a company writes off expenses. Straight-Line Depreciation The simplest type of depreciation is called straight-line depreciation. This method evenly spreads out […]

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How to calculate the cost of products and goods you have sold?

Image for the cost of products and goods you have sold article by Fusion Partners

The “Cost of Goods Sold” is determined using the equation: Starting Inventory + Inventory Bought – Remaining Inventory = Cost of Goods Sold A closer look at the equation will help you to make more sense of it. The starting inventory along with what has been procured during the specific time period results in the […]

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