Accountants look at useful life for assets as a basis for depreciation. The cost of an asset used to create income is essentially amortized over its useful life to give an annual value to the business ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Fair value accounting is a financial reporting approach, also known as the "mark-to-market" accounting practice, under generally accepted accounting principles (GAAP). Using fair value accounting, ...