The Cash Method is a straightforward accounting technique in which revenue and expenses are recorded when they are actually received or disbursed. It is most commonly used by small businesses and individual taxpayers for its simplicity and ease of use.
The Sum-of-Years'-Digits (SYD) depreciation method is a technique used in accounting to allocate the cost of an asset over its useful life in an accelerated manner. This method results in higher depreciation expenses in the earlier years and lower expenses in the later years.
