As a construction company owner or manager, you’re aware of how pivotal well-maintained equipment is in your company’s daily operations. But what happens when that equipment starts to lose its value? In this article, we’re going to be answering some of the most...
When your construction company buys a brand-new or used piece of equipment, one of the first things accountants will ask is how they should calculate equipment depreciation. Although this might seem like an accounting and tax-related technicality, applying the right...
Depreciation is the gradual reduction in the value of an asset over time, reflecting wear and tear, obsolescence, or aging. As such, it plays a pivotal role in financial reporting, compliance with tax regulations, and strategic decision-making. In this article, we...
If you’re a construction company owner or manager, you’re aware of how crucial it is to keep your biggest investment—equipment—in good condition. Taking good care of your equipment not only ensures that construction projects are finished on time and within budget, but...
Construction equipment costs extend well beyond the purchase price of a new machine. Any industry professional knows machinery expenses are much more complex than that. If it were simply about the point of purchase, meticulous planning and the constant struggle to...
Running a successful and profitable construction business requires the strategic consideration of many different elements, and perhaps none are more critical than the costs associated with construction equipment ownership. Besides the initial purchase price, there’s a...
