Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring ...

This is the residual value used in the lease calculation ... Whether buying new equipment, setting up a lease, or planning for depreciation, calculating residual value is worth the effort.

An expense item set up to express the diminishing life expectancy and value of any equipment (including vehicles). Depreciation is set up over a fixed period of time based on current tax regulation.

The depreciation computation is figured based on the value of the improvements, not on the land underneath the improvements. This necessitates that you be able to determine the value of the land ...