Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
Answer:
depreciation.
Explanation:
Depreciation is the reduction in value of a long term asset as it is used over the years
for example, as one uses a vehicle, its value reduces due to wear and tear
depreciation is a way of expensing the cost of purchasing an asset
types of depreciation
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)
Activity method based on hours worked = (hours worked that year / total hours of the machine) x (Cost of asset - Salvage value)
Sum-of-the-year digits = (remaining useful life / sum of the years ) x (Cost of asset - Salvage value)
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.
