Suppose a business has an asset with $1,000 original cost, $100 salvage value, and 5 years of useful life. First, the straight-line depreciation rate would be 1/5, i.e. 20% per year. Under the double-declining-balance method, double that rate, i.e. 40% depreciation rate would be used.hile depreciation expense is recorded on the income statement of a business, its impact is generally recorded in a separate account and disclosed on the balance sheet as accumulated depreciation, under fixed assets, according to most accounting principles.
Individuals who have an associate degree in hospitality working up to four years earn a median wage of $36,000. Graduates of bachelorâs degree in hospitality with under a year working earn a median pay of $29,000 and those with up to fours years employment earn around $38,000.
Some hospitality managers achieve their positions through years of experience in the industry, but the vast majority have a bachelorâs or masterâs degree. If you can, you should try to aim for a degree in hospitality, but if your school does not offer that, look into a degree in business management.t is their responsibility to make sure that everything is running smoothly in their hotels or other lodgings. Hotels are complex organizations with many staff members working in different departments.