explain types of depriciation
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Explanation:
Depreciation accounts for decreases in the value of a company's assets over time. Accountants must adhere to generally accepted accounting principles (GAAP) for depreciation. There are four methods for depreciation: straight line, declining balance, sum-of-the-years' digits, and units of production.
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What Are the Main Types of Depreciation Methods?
Straight-line.
Double declining balance.
Units of production.
Sum of years digits.
Straight-line.
Double declining balance.
Units of production.
Sum of years digits.
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