Question

what is depreciation

Answer 1

Depreciation is a method of reallocating the cost of a tangible asset over its useful life span of it being in motion. Businesses depreciate long-term assets for both accounting and tax purposes. ... For example, a depreciation expense of 100 per year for five years may be recognized for an asset costing 500.

Answer 2

A reduction in the value of an asset over time,due in particular of wear and tear.