Using the DDB method, the first years depreciation would be $4,000 (40% of $10,000), and the second years depreciation would be $2,400 (40% of the remaining book value of $6,000). For example, let’s say that a business purchases a piece of equipment for $100,000. Using traditional depreciation methods, the business would write off the cost […]

This chart shows the number of improvement ideas submitted (blue) compare to those that have been completed (red). Helps managers focus on the financial impact of small changes, leading to better resource allocation. Both the above financial concepts are related to each other very closely and are widely used in any decision-making process. Without addressing […]

Generated by software for uniqueness, often used in automated systems. Always make sure that you identify invoice based on some logic and do not assign random numbers that you won’t be able to recognize later. However, you also need to overcome many invoice sequencing errors, as they may lead Car Dealership Accounting to payment duplication. […]