life of the asset

Life of the asset is the rejection in value of a decreasing in value of asset is usually based its life. The life of a decreasing in value of asset is how long it can be owed to produce income, taking into account reasonable

Definition, Explanation and Characteristics of “Depreciation” or “Accounting Depreciation

Definition, Explanation and Characteristics of “Depreciation” or “Accounting Depreciation”: Learning Objectives: Define and explain the terms “depreciation” or “accounting depreciation”. The value of assets gradually reduces on account of use. Such reduction in value is known as depreciation. Different authors have given different definitions