Well, it’s funny you ask, because you should do both! Appreciate the equipment you have in your business for the amazing things they do everyday, but depreciate them for the tax benefits.
At CHEQROOM, we’ve developed a new tool – thanks to our customers and developers – to depreciate your assets in a simple way, all within our platform. Now, you can use this data to help make more informed financial decisions about your inventory.
Why is Depreciation so important?
- Depreciation accounts for wear and tear of your devices.
- Depreciation helps reduce your business’ taxable income.
- Depreciation helps with new equipment investment decisions.
So, begin depreciating (and continue appreciating) your equipment today!*Disclaimer – CHEQROOM is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances.