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What is depreciation & it's methods of determination of depreciation

  1. MundheyRohan profile image60
    MundheyRohanposted 3 years ago

    What is depreciation & it's methods of determination of depreciation

  2. sandy chow profile image60
    sandy chowposted 3 years ago

    A decrease in the value of a currency relative to other currencies. Depreciation is the assigning or allocating of a plant asset's cost to expense over the accounting periods that the asset is likely to be used.
    For example, if a business purchases a delivery truck with a cost of $100,000 and it is expected to be used for 5 years, the business might have depreciation expense of $20,000 in each of the five years. (The amounts can vary depending on the method and assumptions.)

    1. MundheyRohan profile image60
      MundheyRohanposted 3 years agoin reply to this

      So does this depreciation cost is determined at the end of usable Value of the product ?

    2. sandy chow profile image60
      sandy chowposted 3 years agoin reply to this

      yes

 
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