What is depreciation?

Depreciation is the annual charge to income that results from a systematic and rational allocation of cost over the life of the fixed asset.  Depreciation normally begins when an asset is purchased or completed.  If it is not placed into service immediately, depreciation begins when the asset starts to lose value.

Vice President for Finance & Assistant Treasurer

Marbleworks Office Complex
152 Maple St.
Middlebury, VT 05753
P: 802.443.5501

Directions to Marbleworks