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Gnucash 2.4 Small Business Accounting by Ashok Ramachandran

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Depreciation

When you buy capital assets such as computers, office equipment, cars, office furniture, and appliances, the tax laws may not allow you to write off all of the cost as business expense right away against business income. However, you are allowed to write them off over a period of time. This monthly expense write-off is known as depreciation.

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