Describe depriciation. Various method of charging depriciation on assets
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Depreciation is used to gradually charge the book value of a fixed asset to expense. There are several methods of depreciation, which can result in differing charges to expense in any given reporting period.
The following are the general methods of depreciationavailable for use:
Straight line.
Accelerated.
Usage based.
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Explanation:
Depreciation is used to gradually charge the book value of a fixed asset to expense. There are several methods of depreciation, which can result in differing charges to expense in any given reporting period.
...
The following are the general methods of depreciation available for use:
Straight line. ...
Accelerated. ...
Usage based.
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