What Is Depreciation and How Does It Work?

Depreciation is an accounting method for allocating the cost of a tangible or physical asset over its usable life or expected life. Depreciation is a term used to describe how much of an asset's worth has been used. Depreciating assets allows businesses to generate revenue while depreciating a percentage of the asset's cost each year it is in use. Depreciation can have a significant impact on a company's profitability if it is not taken into consideration. Long-term investments can also be depreciated for tax and accounting purposes.

important takeaways

  • The cost of using a tangible item is tied to the benefit gained over its useful life through depreciation.
  • Depreciation can take numerous forms,…

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SOLD: 02569 Disciples Court Boyne Falls, MI 49713 - $485,000
MLS: 463271 - Ski In/Ski Out Boyne Mountain Resort Disciples Village Condominium for Sale

Ski home after a long day on the slopes with this cozy ski-in/ski-out condo located in Disciples Village. Approximately 100 yards from the Disciples Ridge chair lift, this cozy atmosphere is great for families and ski groups. (Click here to see all Boyne Mountain Homes for Sale)

This unique condo features two kitchens and two living areas, including a great kids area with table and chairs for the younger family members, along with 4 bedrooms and 4 bathrooms. The unit had all new mattress installed 2020! The master suite has a king bed; the 2nd bedroom has 2 queen beds and a 3rd Bedroom/loft with 2…

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The Deer Lake Villas is a two-bedroom condominiums neighborhood located on Deer Lake, a 440-acre all-sports lake on the back side of the Boyne Mountain property. Click here to see all Deer Lake Villas for Sale)

Once you travel past the Mountain Cabin neighborhood, you will pass the golf driving range and stumble upon one of Boyne Mountains' hidden gems, the Deer Lake Villas. (Click here to see Northern Michigan's finest collection of vacation rentals)

Benefits of Deer Lake Villa ownership include:

  • Waterfront location next to the Beach House Restaurant
  • Across from the Monument and Alpine golf courses
  • Shuffle board courts
  • Master bedroom with whirlpool tub
  • Tennis Court

The tiki hut is synonymous with the Deer…

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Beautifully renovated home has 5 bedrooms and 6 baths. Gorgeous kitchen with quartz counter tops, new stainless steel appliances, two refrigerators and large beautiful large island. Perfect for family meals with a lake view! There are two master suites. The first level master suite boasts beautiful bathroom with large shower and soaking tub. The master suite on the second level has a large bathroom with luxurious shower. Just down the hall there are two bedrooms with queen beds and attached bathrooms. (Click here to see all Lake Charlevoix Homes for Sale)

Keep walking down the hallway further and you'll find a large bunk room with 4 sets of bunks and one trundle. Just before you enter the bunk room you will find a large sitting room with flat…

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Hamlet Village is a community of condominiums and homes in the perfect northwest Michigan vacation destination – Harbor Springs. (Click here to see Northern Michigan's finest collection of Harbor Springs, MI vacation rentals)

The Hamlet Village neighborhood is characterized by its close proximity to Boyne Highlands but especially Nubs Knob as some of the condominiums allow for ski-in/ski-out access. The only access available at Nubs Knob making Hamlet Village a very desirable neighborhood. (Click here to see all Harbor Springs Homes for Sale)

The Hamlet Village condominiums have vaulted ceilings with ceiling fans, a wall on windows, a gas fireplace, and an open floor plan.

Gourmet kitchens with plenty of…

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SOLD: 3335 Village Harbor Drive, Bay Harbor MI - $199,000
MLS: 459531 - Gorgeous lot sold in Lakeshore Village, Bay Harbor.

Lakefront living at its finest in Lakeshore Village, a coastal neighborhood at the east end of Bay Harbor. This waterfront lot has frontage on Village Harbor Lake with a 36' dock just steps away. Easy access to Lake Michigan and the pleasures of Little Traverse Bay. Adjacent to the non-motorized trail, and close to shopping and dining in the Village of Bay Harbor and Inn at Bay Harbor. (Click here to see all Bay Harbor, Michigan Homes for Sale)

Focused on Northern Michigan Investment Real Estate

Brook is focused on lifestyle real estate investment properties as most people want a vacation home to make lifelong…

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Impressed with Brook's knowledge and savvy. Brook was very dedicated in helping with the sale of our home, and has taken great initiative in helping us find something new. I would definitely recommend Brook, he is ready and willing to spend his time with you to find exactly what you are looking  for! (Click here to see Northern Michigan's finest collection of vacation rentals)

Focused on Northern Michigan Investment Real Estate

Brook is focused on lifestyle real estate investment properties as most people want a vacation home to make lifelong memories that endure for their entire family, leave a profound legacy for generations, and they want a solid financial investment at the same time.  While the area does have many good…

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The Water Street Inn is a perfect place for a relaxing and memorable getaway and is located steps from downtown Boyne City on the shores of beautiful Lake Charlevoix. The all-suites condominium hotel offers all the comforts of home including a kitchen and fireplace, with the added benefit of a private beach and spectacular sunsets. All suites are one-bedroom units with either a King or Queen bed and include a sleeper sofa in the living room. (Click here to see the Water Street Inn vacation rentals)

The Water Street Inn neighborhood has each condo uniquely decorated to appeal to a variety of tastes and features a private balcony or patio with breathtaking views of Lake Charlevoix.(Click here to see all Water Street Inn Condominiums for Sale)

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Northern Michigan has everything you need for nearly any lifestyle. Northern Michigan Escapes vacation rentals can serve as you basecamp as you explore all that our area has to offer.

Local Lakes and Beaches

RELAX ON PRISTINE BEACHES and spend your vacation sunbathing and swimming in Northern Michigan. The best thing about beaches in Michigan is that there are many options to choose from. Whether you’re looking to find a pretty family beach with plenty of facilities or a beach graced with golden sands and ideal conditions for fishing, there is something for everyone. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

BEST BEACHES

All over Northern Michigan are incredible beaches, and here are some of the…

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Boyne Golf recently announced that its Bay Harbor Golf Club (The Links and The Quarry nines) and The Heather and Arthur Hills courses at Boyne Highlands Resort have achieved 2015-16 “Best In State” recognition from Golf Digest. (Click here to see Northern Michigan's finest collection of Boyne Mountain vacation rentals)

With about 850 courses in the golf-rich Wolverine State, their rank among Michigan’s best 25 courses places them in the top 3 percent, joining esteemed companies such as private venues Oakland Hills Country Club and Crystal Downs Country Club. Bay Harbor’s The Links / The Quarry 18-hole combination is also rated among the “100 Greatest Public Courses” in the United States by the publication. (Click here to see all Boyne…

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