Accountancy, asked by chaubeykavita15, 10 months ago

what is depreciation

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Answered by scienceworm1

10

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In accountancy, depreciation refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used

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Answered by NaVila11

2

Answer:

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.
For example, companies can take a tax deduction for the cost of the asset, meaning it reduces taxable income.

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