Depreciation:
It is a method of allocating cost of a tangible asset over its useful life.
Tangible assets e.g. Buildings, Vehicle,inventory,computer, supplies,microwave oven, telephones, refregerator etc.
Useful life means the duration of its usefulness. For example a computer can be used for five years. Then its useful life is 5 years.
It is a method of allocating cost of a tangible asset over its useful life.
Tangible assets e.g. Buildings, Vehicle,inventory,computer, supplies,microwave oven, telephones, refregerator etc.
Useful life means the duration of its usefulness. For example a computer can be used for five years. Then its useful life is 5 years.
No comments:
Post a Comment