Depreciation is the process of reducing the value of a fixed asset. Depreciation expense is determined by the cost of the asset, the useful life, projected salvage value and the method of depreciation used. A haul truck for a mining company, for example, may have a purchase price of $1 million.
Leeds and the Thousand Islands. (Redirected from Rockport, Ontario) Leeds and the Thousand Islands is a township in the Canadian province of Ontario, located within the United Counties of Leeds and Grenville. The township is located along the St. Lawrence River, and extends north into rural hamlets and villages.
The cost of living in Rockport is 6% below the national average. The average value of a home in Rockport is $215,374. Education, county and local government, commercial fishing, retirement, health care and tourist related shops and attractions make up a large part of the economy. There are a number of art galleries in the downtown district.