explain method of depreciation
Answers
Answered by
9
Answer:
There are four methods for depreciation: straight line, declining balance, sum-of-the-years' digits, and units of production.
Answered by
4
Answer:
In Accounts, Depreciation can be defined as the method of allocating the cost of a physical asset over its useful life or the time period it is to be used for. In simple words, depreciation is the reduction in the value of an asset due to the passage of time, normal wear and tear and obsolescence.
Similar questions