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What is depreciation? What are the types of depreciation?

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posted Jul 17 by Mukul Chag

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Depreciation
Depreciation allows a business to write off the loss it experiences through the wearing down of assets. There are many ways of figuring depreciation, but the straight-line method is the simplest and the most popular. Generally, depreciation is calculated using the asset's cost, residual value, and useful life.

Types of depreciation

  1. Depreciation Accounting
  2. Straight-line Depreciation
  3. Unit-of-Production Depreciation
  4. Depreciation Expense
  5. Hours-of-Service Depreciation
  6. Accelerated Depreciation
answer Jul 18 by Tanmay
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