Depreciation is the systematic reduction in the recorded cost of a fixed asset. It represents how tangible assets are worn down over time due to use or obsolescence, typically spread across the useful life of the asset as reflected in the income statement.
Breakdown of Intuit Enterprise Suite’s Fall 2025 release for contractors, including new AI agents, multi-entity consolidations, business intelligence, and bill pay/payroll updates—plus how RedHammer helps construction firms implement and optimize them.
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