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When I think about accelerated depreciation I think about my Honda lease, I usually lease my cars because I love to drive new cars and
When I think about accelerated depreciation I think about my Honda lease, I usually lease my cars because I love to drive new cars and I don't have to worry about the maintenance. My dad taught me when I drive my car off of the lot that my car value goes down. I really thought it was silly because I was young and didn't know any better, but when I realize it he was correct. So when I returned my vehicle within three years or so the value will depreciate from the original price. Also, when you have a car accident the value of the car goes down as well. None of these factors ever crossed my mind until I got older. If I had a business I track all finances into my accounting system, this would be helpful to see how money is going out and to see how much money is coming in. I would also have a responsible person help me with the finances because tracking and budgeting can become a bit overwhelming especially if the business is growing.
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