Study Spot
Customized learning paths based on interests
The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation.
The monetary value of an asset decreases over time due to use, wear and tear or obsolescence.
Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up.