Describe depreciation.

Depreciation is the allocation of the cost of a tangible asset over its useful life.

• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, obsol...read more

I have 3 years of experience in property and casualty as a legal bill reviewer in cognizant.

Decrease in the value of assets due to wear and tear, passage of time,and by usage . The actual fair value of assets decrease due to these things is called as depreciation

The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation.

Deprivation is reducing the asset value year to year depreciation2types straight line method

Written down value method in real time consider only written down value method mostly condider