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Depreciation – Explained + Examples

February 28, 2023February 28, 2023 Young Entrepreneur accounting, book value, building, company, cost, declining balance, declining balance method, delivery van, Depreciation, depreciation expense, equipment, Financial reporting, financial statements, kitchen equipment, manufacturing firm, methods, obsolescence, profitability, rate, reduction, restaurant, revenue, straight-line, straight-line method, sum-of-the-years' digits, sum-of-the-years' digits method, tangible asset, tax returns, useful life, wear and tear

Depreciation is an accounting method used to allocate the cost of a tangible asset over its useful life. It represents