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Business strategy
How to prevent accumulating high equipment depreciation.
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[QUOTE="Jasz, post: 305554, member: 61772"] Implementing the following strategies can prevent the accumulation of high equipment depreciation: Preventative care: Equipment life can be extended and the rate of depreciation reduced with regular maintenance and repairs. Replacements and upgrades: Since newer models tend to depreciate at a slower rate, upgrading or replacing older equipment can also help reduce depreciation. Think about leasing: Since the equipment is returned to the lessor at the end of the lease term, leasing it rather than purchasing it can help reduce depreciation costs. Keep a log: You can track the depreciation of your equipment and make informed decisions by keeping accurate records of equipment purchases, maintenance, repairs, and upgrades. [/QUOTE]
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How to prevent accumulating high equipment depreciation.
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