Accountancy, asked by farhan4980, 1 year ago

what is depreciation? ​


farhan4980: Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value. Businesses depreciate long-term assets for both tax and accounting purposes.

Answers

Answered by reehu786
1

depreciation- a reduction in the value of an asset over time , due in particular to wear and tear.

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