Depreciation is the systematic reduction in the recorded cost of a tangible asset over its useful life. It reflects the gradual consumption or loss of value due to wear, tear, or obsolescence, impacting financial accounting and tax calculations.
Depreciation is the systematic reduction in the recorded cost of a tangible asset over its useful life. It reflects the gradual consumption or loss of value due to wear, tear, or obsolescence, impacting financial accounting and tax calculations.