Depreciation is the allocation of the cost of a tangible asset over its useful life. Depreciation is a non-cash expense that reflects the decrease in value of an asset over time. It is used to spread the cost of an asset over its useful life for accounting and tax purposes. Common methods of depreciation include straight-line, double-declining balance, and units of production. 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).

Axis Max Life Insurance Interview Questions: What is deprecation

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What is deprecation

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

Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.
It is used to spread th...read more

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Account Process Associate Interview process at Axis Max Life Insurance

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Axis Max Life Insurance Interview Questions

Axis Max Life Insurance Account Process Associate Interview Questions

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