Depreciation Meaning Types Of Depreciation With Explanation
Now, first, we have to understand what depreciation actually means. We know, to carry on day-to-day operations, every organisation has to deploy numerous fixed assets to use. Quite obviously, no asset can perform with the same capacity all throughout its life. It will face gradual wear and tear due to continuous usage or maybe because of remaining idle for so long. This results in a reduction of efficiency of the concerned asset....