IMI CCI Process Associate Interview Questions and Answers

Depreciation is a method of allocating 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 helps match the cost of an asset with the revenue it generates.

• Example: A company purchases a machine for $10,000 with a useful life of ...read more