In accountancy, depreciation refers to two aspects of the same concept: Businesses depreciate long-term assets for both tax and accounting purposes. The former affects the balance sheet of a business or entity, and the latter affects the net income that they report. Generally the cost is allocated, as depreciation expense, among the periods in which the asset is expected to be used. This expense is recognized by businesses for financial reporting and tax purposes. Methods of computing depreciation, and the periods over which assets are depreciated, may vary between asset types within the same business and may vary for tax purposes. These may be specified by law or accounting standards, which may vary by country.

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Cary modular homes are not the same as the standard on-site houses even though they must also follow specific laws and guidelines. In case you have chosen a modular home, you have to do intensive research as there are plenty of companies providing this service, but they can vary in terms of quality, price, and provisions.

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