tax

EA

 An Enrolled Agent is a tax professional authorized by the US government to represent individual taxpayers in dealings with the Internal Revenue Service.

 

wex: 

depreciable asset

A type of physical asset that is capable of depreciation treatment.  It is generally an asset used for generating income or profit and has the useful life of more than a year and gradually reduces in value over time.

 

wex: 

credit

Definition

In the accounting context, it is the entry on the right-hand side of the balance sheet. Credit can decrease the value of an asset or it can increase the amount of capital, liability or revenue. It is a form of debt.

 

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