Ever heard of the phrase, ‘Your car loses its value the minute it steps out of the showroom?’ Unfortunately, it is true! But here’s something to consider: Is your car really an asset?
The straight-line depreciation rate is calculated by dividing its ten years of useful life into the $15,000, or $1,500 a year. If you're in the 28 percent tax bracket, $1,500 in depreciation will ...
Financial metrics like earnings before interest, taxes, depreciation and amortization ... the influence of external factors like tax rates or loan interest. These two factors tend to come into ...