What is depreciation what is fixed assets some eg. What is capital gains

Question

Accepted Answer

Depreciation is the decrease in value of an asset over time. Fixed assets are long-term assets that are not easily converted to cash. Capital gains are profits from the sale of an asset.

Depreciation is the allocation of the cost of an asset over its useful life
Fixed assets are tangible assets that are expected to provide economic benefits for more than one year
Examples of fixed assets include buildings, machinery, and vehicles
Capital gains are the profits earned from the sale of a capital asset
Examples of capital assets include stocks, real estate, and artwork

Accepted Answer

Depreciation is the gradual decrease in the value of an asset over time, reflecting its wear and tear or obsolescence. Fixed assets, also known as tangible assets or property, plant, and equipment (PPE), are long-term assets with a useful life of more than one accounting period. Examples include buildings, machinery, and vehicles.

Capital gains are profits earned from the sale of capital assets, such as stocks, real estate, or other investments. The gain is calculated as the difference between the selling price and the purchase price of the asset.

What is depreciation what is fixed assets some eg. What is capital gains

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