what is depriciation?
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Posted by Sameer Singh 5 years, 4 months ago
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Meghna Thapar 5 years, 4 months ago
The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation. Machinery, equipment, currency are some examples of assets that are likely to depreciate over a specific period of time. Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up. Depreciation is a method used to allocate the cost of tangible assets or fixed assets over the assets' useful life. In other words, it allocates a portion of that cost to periods in which the tangible assets helped generate revenues or sales.
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Sameer Singh 5 years, 3 months ago
0Thank You