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What is Depreciation?
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[QUOTE="Alexandoy, post: 103399, member: 25510"] I clearly know of depreciation because it was part of our lesson in accounting subject when I was in college. What's good in depreciation is that you will have an idea of how much your asset is losing in value every year. There will come a time that it will be fully depreciated to reach a value of 1 peso only and it will stay like that in the accounting books until you dispose of the asset which can be a vehicle or furniture or appliance. [/QUOTE]
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What is Depreciation?
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