What Is Depreciation In Accounting?
What Is Depreciation In Accounting?
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Alloacting cost of a physical asset to over its expected life is known as depreciation. A company earns revenue from depreciating assets and also reduce the depreciation cost each year from the asset. Depreciation is the used up value of an asset.
Depreciating an asset may provide you with tax benefits.
Depreciation can be calculated by methods like straight line, production unit, sum of the years digit, etc.