The purchase price minus accumulated depreciation is your book value of the asset. Since it’s used to reduce the value of the asset, accumulated depreciation is a credit. Instead of recording an asset’s entire expense when it’s first bought, depreciation distributes the expense over multiple...

An Airbnb accountant can help you understand and comply with tax obligations, including self-employment tax and income taxes. Without professional help, you might miss essential tax deadlines or deductions, costing you more in the long run. If you have multiple listings with check-ins on the...