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Depreciation is designed to spread an asset’s cost over its entire useful service life. Its service life is the period over which it is worn out...
As a business uses its assets, the assets eventually get used up. Businesses track the use of their assets by calculating depreciation expenses. This post will...
The basic theory of depreciation accounting is unarguable: The amount of capital a business invests in a fixed asset, less its estimated future residual (salvage) value...