Transfer the asset's depreciation to the asset disposal account ... Also on the balance sheet, credit "Asset Disposal" and debit "New Fixed Asset" for the asset's book value.

Fixed asset depreciation software offers a wide range of functionalities beyond basic calculations. These software solutions can handle complex depreciation methods, account for multiple book and tax ...

Michela Buttignol / Investopedia Bonus depreciation allows businesses to reduce their taxable income by writing off a significant portion of the cost of eligible assets in their first year.

If you run a business that uses depreciable fixed assets and you prepare financial statements in accordance with generally accepted accounting principles, impairment of an asset can impact your ...

I go over the five best real estate accounting software, whether you need full property management power or just clean books without the extras.

SAN FRANCISCO, May 21, 2025 /PRNewswire/ -- Finley, a leading provider of debt capital software solutions, today announced the launch of its enhanced Monthly Servicer Reporting (MSR) capabilities ...