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For those dealing with depreciation formula math, the knowledge and expertise can become overwhelming.

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Depreciation is the process of reducing a fixed asset’s book value over a period of time and allocated for in an individual or company’s annual tax returns.
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To accurately calculate depreciation, there are very specific depreciation formulas and methods that require calculation based on the costs of tangible assets, depreciation periods, and salvage values.

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While accounting professionals and tax experts may be familiar with depreciation formulas in mathematics, those new to depreciation should seek professional advice to ensure their calculations are accurate.

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