Accountancy, asked by NidhiChakiDigi, 5 months ago

what are the need and significant of depreciation?​

Answers

Answered by rutbajan
1

Answer:

Depreciation allows for companies to recover the cost of an asset when it was purchased. The process allows for companies to cover the total cost of an asset over it's lifespan instead of immediately recovering the purchase cost. This allows companies to replace future assets using the appropriate amount of revenue.

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Answered by Anonymous
5

Hey mate..!!

Here is ur answer ⬇️⬇️

Depreciation allows for companies to recover the cost of an asset when it was purchased. The process allows for companies to cover the total cost of an asset over it's lifespan instead of immediately recovering the purchase cost. This allows companies to replace future assets using the appropriate amount of revenue.

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