Write short notes on Depreciation.
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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.
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Depreciation is an important part of accounting records which helps companies maintain their income statement and balance sheet properly with the right profits recorded. Using a good business accounting software can help you record the depreciation correctly without making manual mistakes.
You can try ProfitBooks. It is a simple accounting software which lets you create professional invoices, track expenses and calculate taxes without any accounting knowledge.
may it helps you
mark it as brainlist.
You can try ProfitBooks. It is a simple accounting software which lets you create professional invoices, track expenses and calculate taxes without any accounting knowledge.
may it helps you
mark it as brainlist.
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