You can make your own: To make buttermilk, use 1 cup milk and 1 tablespoon lemon juice or white vinegar. Allow it to sit for a few minutes. If you do purchase buttermilk and have extra, freeze it in 1 cup containers or in Ziplock bags. You can also purchase powdered buttermilk in grocery stores.
Straight-line depreciation allows an equal portion of the laptop's cost to be claimed in each year over the total depreciation period. If the cost of the computer was $1,000, for example, then $200 a year can be included in the company's total depreciation amount each year for five years.
Accountants and business owners use the depreciation expense to account for the value of an asset during its useful life. When you buy that washing machine and continue to use it for ten years â ten years is the useful life of the asset (washing machine). When recording depreciation expenses they are deducted from the overall income of the company, however, they are not deducted from cash flow.