How Do I Calculate Double Depreciation?

Wondering why how Do I Calculate Double Depreciation matters today? Check out this overview and key takeaways.

The average computer lasts 10 years, so it decreases in value by 10% each year. For example, if you buy a vehicle for $25,000, you calculate depreciation on the $25,000, whether you paid for it with cash or credit. If you lease the vehicle, you can still depreciate it, depending on the type of lease.