Finance / July 19, 2018 / Alicia Franklin
Accounting estimates the decrease in value using the information regarding the useful life of the asset. This is useful for estimation of property value for taxation purposes like property tax etc. For such assets like real estate, market and economic conditions are likely to be crucial such as in cases of economic downturn.
We all have a sense that more income and less debt are both good things. But what’s the ideal ratio between income and debt? If your debt-to-income ratio is too high, any shock to your income could leave you with unsustainable levels of debt. Avoiding debt altogether has drawbacks, too (consider no-fee credit cards and secured credit cards if you are scared of digging yourself in debt). Let us break it down for you with our guide to the debt-to-income ratio.
We Also Think You’ll Like