Question

what is depreciation​

Answer 1

Answer:

Explanation:

Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up. ... Businesses can depreciate long-term assets for both tax and accounting purposes.

Answer 2

Answer:

In accounting, depreciation is the assigning or allocating of the cost of a plant asset (other than land) to expense in the accounting periods that are within the asset's useful life.....