Depreciation is the allocation of a capital expense item over a specific period of time. IRS rules stipulate that when a business, such as a limited partnership, purchases a capital asset like real ...

The balance sheet of a company that operates as a partnership has the same basic outline as the balance sheet of a corporation. Both types have three sections: assets, liabilities and equity. By ...

When you want to know a company’s financial health, it helps to look at its balance sheet. But if you’ve never seen a balance sheet before or don’t know how to read one, all you’ll see is a collection ...