🔍 Understanding Depreciation & Amortization: Key Financial Tools!

In this video, we break down the difference between depreciation and amortization, two key financial concepts every business owner and investor should understand. 🚀 Learn how depreciation helps spread the cost of physical assets like machines and buildings over time, while amortization does the same for intangible assets like patents and trademarks. Understanding these concepts is crucial for getting a clearer picture of your company’s financial health and ensuring you're tracking the true cost of using your assets.

👉 Watch till the end to master these essential accounting tools and boost your financial clarity!

Key Topics Covered:

What is depreciation?
What is amortization?
How to account for the value of physical and intangible assets
The importance of tracking asset depreciation for financial reporting
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