Amortization and depreciation are non-cash expenses on a company's income statement. Depreciation represents the cost of capital assets on the balance sheet being used over time, and amortization is ...

Your income statement records your profit and loss for a given period, which tells you how your business performed during that time. If you purchase equipment and recognize the expense all at once, ...

An income statement is your business’s bottom line: your total revenue from sales minus all of your costs. Financial data is always at the back of the business plan, but that doesn’t mean it’s any ...

Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring repair or replacement. Depreciation helps companies account for the ...

Business facilities are the physical structures where your business is located. The most common types of facilities are office buildings, warehouses and factories. These can be new facilities or ...