Real Estate Lessons
Saturday, July 15, 2006
Still crazy enough to buy a house in this market? Wikipedia has a great List of Real Estate Topics.
Depreciation is an accounting and finance term for the method of attributing the cost of an asset across the useful life of the asset. Depreciation is an example of applying the matching principle as per generally accepted accounting principles.
Depreciation is a reduction in the value of a currency in floating exchange rate.
Depreciation is often mistakenly seen as a basis for recognizing "wear and tear", obsolescence, or impairment on an asset, but these issues, where seen as significant enough to account for, are handled through an asset revaluation reserve.
posted by author @ 2:59 PM,
