An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

Fixed assets are assets that are staples of your business, like property, equipment, and plants. These assets are tangible and depreciable, and typically last for longer than one year. Understanding ...

Tribunal reaffirmed that Section 11(6) bars depreciation on assets whose acquisition cost was claimed as application of income and remanded the case for factual ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. From nimble startups to established, multigenerational enterprises, I’ve had the privilege ...

Underestimating depreciation can lead to overstated asset values, inaccurate expense reporting, and misleading financial ...

Learn how carrying value signifies asset value on balance sheets, using formulas and examples to assess depreciation and amortization accurately.