What Is Depreciation? Why It Matters and How to Use It to Your Advantage in the EU
Depreciation is one of the most important — and often underappreciated — concepts in accounting and business finance. It’s more than just an accounting formality: when understood and used strategically, depreciation can be a powerful tool for improving cash flow, reducing taxable income, and guiding smarter asset management decisions. This article explores what depreciation is,…