In accountancy, depreciation refers to two aspects of the same concept:[1] The decrease in value of assets (fair value depreciation) The allocation of the cost of assets to periods in which the assets are used (depreciation with the matching principle) Depreciation is a method of reallocating the cost of a tangible asset over its useful life span of it being in motion. 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. There are several standard methods of computing depreciation expense, including fixed percentage, straight line, and declining balance methods. Depreciation expense generally begins when the asset is placed in service. For example, a depreciation expense of 100 per year for five years may be recognized for an asset costing 500. In determining the profits (net income) from an activity, the receipts from the activity must be reduced by appropriate costs. One such cost is the cost of assets used but not immediately consumed in the activity.[2] Such cost so allocated in a given period is equal to the reduction in the value placed on the asset, which is initially equal to the amount paid for the asset and subsequently may or may not be related to the amount expected to be received upon its disposal.

Depreciation is any method of allocating such net cost to those periods in which the organization is expected to benefit from use of the asset. The asset is referred to as a depreciable asset. Depreciation is technically a method of allocation, not valuation,[3] even though it determines the value placed on the asset in the balance sheet. Any business or income producing activity[4] using tangible assets may incur costs related to those assets. If an asset is expected to produce a benefit in future periods, some of these costs must be deferred rather than treated as a current expense. The business then records depreciation expense in its financial reporting as the current period's allocation of such costs.

This is usually done in a rational and systematic manner.

Contemporary gospel artist Deitrick Haddon was born and raised in Detroit, Michigan, where he served as pastor and music director at Detroit's Unity Cathedral of Faith. As the son of Bishop Clarence Haddon and Prophetess Joyce Haddon, he grew up in the church and preached his first sermon at the age of 11. Deitrick Haddon and his Voices of Unity drew upon both secular and spiritual influences to create a sound they dubbed 'gospel soul.'

Signed to the Tyscot label, the group debuted in 1995 with Come Into This House. Populous The Beginning Download Demo. Two years later, Haddon and company issued Live the Life, which scored Gospel Music Workshop of America Excellence Awards in the categories of New Artist of the Year: Urban Contemporary and Album of the Year: Urban Contemporary. After This Is My Story (1998), Chain Breaker (1999), and Nu Hymnz: Live from the Motor City (2001), Haddon went solo and signed to the Verity label. Through releases such as Lost and Found (2002), the Tim & Bob collaboration 7 Days (2006), Church on the Moon (2011), A Beautiful Soul (2012), and R.E.D. (2013), Haddon maintained his reputation for pushing the boundaries of contemporary gospel. During the mid-2010s, he became even more visible through the reality series Preachers of LA and continued to release albums that topped Billboard's gospel chart, including Deitrick Haddon's LXW (2014) and Masterpiece (2015). In 2017, Haddon released a live LP, Deitrick Haddon & Hill City Worship Camp, led by the single 'A Billion People.'

Greensboro - High Point, NC McAllen - Edinburg - Mission, TX New Haven-Milford, CT St. Louis, MO-IL Grand Rapids - Wyoming, MI.

~ Jason Ankeny • ORIGIN Detroit, MI • BORN May 17, 1973.