So you just purchased your first investment property and started collecting rent. You also incurred some expenses that you're not sure if should be categorized as personal or business expenses. You've also heard that you can claim an annual depreciation expense on your tax return.  Do you know the methodology used to calculate annual depreciation? These are just basic issues the average business owner will encounter while running their business. At Number One Accountancy, we take out the guesswork on all accounting matters so you can focus on stabilizing and growing your real estate portfolio.