Depreciation what

Question

Depreciation what

Accepted Answer

Depreciation is the allocation of the cost of a tangible asset over its useful life.

Depreciation is a non-cash expense that reduces the value of an asset over time.
Common methods of depreciation include straight-line, double-declining balance, and units of production.
Depreciation is important for accurately reflecting the true value of assets on a company's balance sheet.
Example: A company purchases a delivery truck for $50,000 and estimates its useful life to be 5 years. Using straight-line depreciation, the annual depreciation expense would be $10,000 ($50,000 / 5 years).

Accepted Answer

Strategic line method -cost of asste -resident  value  opon by uniuan line 
 Diminsing method ==
Cost of asste ×resident deprecation opon by100.

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