Assistant R2R Manager Interview Questions and Answers

Depreciation is the allocation of the cost of an asset over its useful life. Types of accounts include Accumulated Depreciation and Depreciation Expense.

• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

• The entry for depreciation involves debiting Depreciation Expense and crediting Accumulated Depreciation.

• Types of accounts related to depreciation include Accumulated Depreciation and Depreciation Expense.

• Golden rules of accounting st...read more