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Yearly Archives: 2023

Equipment Financing as a Profit Center

Equipment Financing as a Profit Center

For many small businesses, taking the plunge to finance equipment is a big step. After all, when all is said and done, you’re assuming a long-term commitment. So let us ease your fears a little bit and mention two general truths about equipment-financing: 1) Financing…

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What is Depreciation?

What is Depreciation?

Today, let’s spend a moment talking about depreciation. Depreciation, in a nutshell, is taking a deduction on a piece of equipment over time. Typically, it’s on a piece of equipment that will eventually break down and have little to no value at some point (like…

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