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Business 101: What Do The Terms Depreciation, Liability, And Expense Mean?














There are some basics about business that most business owners are afraid to admit that they really don’t know or understand.  Well, here at 2BH we’re going to give you the answers to the questions you might have been too embarrassed to ask.

What do the terms depreciation, liability, and expense mean?

Depreciation is the lessening value of an asset that happens over time.

Liabilities are the costs of what a business owes to someone else or some other business.

An expense is the money spent on things such as equipment, supplies, or other purchased items or services.

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About Scott Aughtmon (1872 Articles)
I’m author of the book 51 Content Marketing Hacks. I am also a regular contributor to and I am the person behind the popular infographic 21 Types of Content We Crave. I’m a business strategist, consultant, content creation specialist, and speaker. I’ve been studying effective marketing and business methods (both online and offline) since 1999. ===> If you would like to see ways that we could work together, then please click here to learn more.