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Depreciation

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  1. a term used in accounting, economics and finance to spread the cost of an asset over the span of several years

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
  2. In simple words we can say that depreciation is the reduction in the value of an asset due to usage, passage of time, wear and tear, technological outdating or obsolescence, depletion or other such factors

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
  3. of most use when dealing with assets of a short, fixed service life, and which is an example of applying the matching principle as per generally accepted accounting principles

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
  4. In accounting, depreciation is a term used to describe any method of attributing the historical or purchase cost of an asset across its useful life, roughly corresponding to normal wear and tear

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
  5. in accounting is often mistakenly seen as a basis for recognizing impairment of an asset, but unexpected changes in value, where seen as significant enough to account for, are handled through write-downs or similar techniques which adjust the book va

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
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