The Internal Revenue Service considers any auto with an unloaded gross weight of 6,000 pounds or less a luxury vehicle.

The goal of accounting is to produce fair and accurate statements about a company's financial performance and condition.

Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring ...

Depreciation and amortization are accounting methods used to allocate the cost of an asset over its useful life. They reflect how ...