It allows users to extract and ingest data automatically, and use formulas on the data to process and transform it. Leveraging AI in accounting allows businesses to focus on strategic decision-making, reduce errors, and enhance overall financial management. By integrating AI, companies can ensure precise and efficient handling of their asset depreciation, ultimately improving their...Read More

For example, if you depreciate your machine using straight line depreciation, your depreciation would remain the same each month. Double declining balance (DDB) depreciation is an accelerated depreciation method. DDB depreciates the asset value at twice the rate of straight line depreciation. How Does the Double-Declining Balance Depreciation Method Work? However, it may also apply...Read More