How can I prevent asset depreciation in my business?
To prevent asset depreciation, consider regular maintenance, investing in quality assets, and using depreciation methods wisely.
What are some effective maintenance strategies?
Effective strategies include scheduled inspections, timely repairs, and employee training on proper usage.
Are there specific assets that depreciate faster?
Yes, vehicles and technology tend to depreciate faster due to rapid advancements and wear and tear.
How can I calculate the depreciation of my assets?
You can use methods like straight-line, declining balance, or units of production to calculate depreciation.
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