Question

define the concept of depreciation​

Answer 1

Answer:

Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up. ... For example, companies can take a tax deduction for the cost of the asset, meaning it reduces taxable income.

Answer 2

Answer:

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Explanation:

Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up. ... For example, companies can take a tax deduction for the cost of the asset, meaning it reduces taxable income.

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