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Boundless Accounting
Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources
Depreciation of Assets
Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources Depreciation of Assets
Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources
Accounting Textbooks Boundless Accounting
Accounting Textbooks
Accounting
Concept Version 7
Created by Boundless

What Is Depreciation?

Depreciation reflects the wear and tear experienced by an asset in use.

Depreciation reflects the wear and tear experienced by an asset in use.

Cars depreciate in value throughout their useful life.

Source

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    "GilmertonFiat126s."
    http://commons.wikimedia.org/wiki/File:GilmertonFiat126s.jpg Wikimedia CC BY-SA.

Related Terms

  • residual value
  • accrual accounting
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