Question

What is depreciation and different types of depreciation??
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Answer 1

Explanation:

Depreciation accounts for decreases in the value of a company's assets over time. Accountants must adhere to generally accepted accounting principles (GAAP) for depreciation. There are four methods for depreciation: straight line, declining balance, sum-of-the-years' digits, and units of production.

Answer 2

Explanation:

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