Question

if any one knows accounts then answer it what is depreciation

Answer 1

Depreciation means decrease in the value of the assets by way of allocating the cost of the assets to the period in which assets are used. Value of the asset is charged over the useful life of asset.

Depreciation is non cash concept. It is merely charged in the books of accounts to adhere with matching principle of accounting.

Generally, the cost of the asset is allocated among the years in which asset is to be used under the name of depreciation as an indirect expense. This expense is recognized in the businesses for financial reporting purposes as well as tax purposes. Methods of calculating depreciation and the life of asset vary under two situations:

Type of businesses

Purpose for which it is calculated.

MARK BRAINLIEST..

Answer 2

Depreciation means decrease in value of assets by spent.

And depreciation is a stage there all the assets decreasing by their using.