Accounts & HR Executive Interview Questions and Answers

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.

• It reflects the wear and tear, age, and obsolescence of the asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 with a useful life of 5 years. Using straight-line depreciation, the annual ...read more

Some of the big companies include Apple, Google, Amazon, Microsoft, and Facebook.

• Apple

• Google

• Amazon

• Microsoft

• Facebook