Depreciation is the reduction in the value of an asset over time, due in particular to wear and tear.
Your information is incomplete. Therefore, an overview will be given. depreciation refers to an accounting method used to allocate the cost of a tangible or physical asset over its useful life.
To calculate depreciation, subtract the asset's salvage value from its cost. The result is the depreciable basis or the amount that can be depreciated. Divide this amount by the number of years in the asset's useful lifespan.
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