Depreciation is expensing the cost of an asset that produces revenue during its useful life. Buildings, machinery, furniture, and fixtures wear out, computers and technology devices become obsolete, and they are expensed as their value approaches zero. Watch this short video to quickly understand the main concepts covered in th… Read More
APIs are purpose-built to perform a specific function of allowing communication between applications. They allow developers to quickly integrate specific functionality into their applications or website. There are thousands of Public APIs on RapidAPI; find the one that will help power your next project on the RapidAPI Hub. On th… Read More
If the underlying asset is to be used over a long period of time, the expense takes the form of depreciation, and is charged ratably over the useful life of the asset. If the expense is for an immediately consumed item, such as a salary, then it is usually charged to expense as incurred. Under cash accounting, the expense is onl… Read More