The DDB method accelerates depreciation, allowing businesses to write off the cost of an asset more quickly in the early years, which can be incredibly beneficial for tax purposes and financial planning. If you’re brand new to the concept, open another tab and check out our complete guide to depreciation. Then come back here—you’ll have… Continue reading How to Calculate Declining Balance Depreciation
Category: Bookkeeping
The going concern principle
In order for a company to be a going concern, it usually needs to be able to operate with a significant debt restructuring or massive financing overhaul. Therefore, it may be noted that companies that are not a going concern may need external financing, restructuring, asset liquidation, or be acquired by a more profitable entity.… Continue reading The going concern principle