Question

describe depreciation and its importance​

Answer 1

Answer:

Depreciation is an accounting convention that allows a company to write off an asset's value over a period of time, commonly the asset's useful life. ... Instead of realizing the entire cost of the asset in year one, depreciating the asset allows companies to spread out that cost and generate revenue from it.

Answer 2

Answer:

depreciation means a reduction of value of an asset