Question

write a program in Java to find out the depreciation of a car.​

Answer 1

Answer:

Java program to calculate Depreciation. Depreciation is a financial word, defined as the reduction of the recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. We too added how to calculate the Depreciation, formula, and Java program in different ways. Do check it out.

What is Depreciation?

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A:

The decrease in value of assets (fair value depreciation)

The allocation of the cost of assets to periods in which the assets are used (depreciation with the matching principle)

Depreciation is a method of reallocating the cost of a tangible asset over its useful lifespan of it being in motion. Businesses depreciate long-term assets for both tax and accounting purposes.

How To Calculate Depreciation?

There are mainly three ways to calculate Depreciation.

Straight line method

Unit of production method

Double-declining balance method

You can refer to the article: What is Depreciation and how to calculate.

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