Description
Describe what depreciation is and its purpose. Also describe and explain 2 or 3 depreciation methods and make sure to highlight or state the pros and cons of those methods. This discussion board is due by 11PM on Wednesday November 21, 2018.
Explanation & Answer
Attached.
Running head: DEPRECIATION
1
Depreciation
Name
Institutional Affiliation
DEPRECIATION
2
Depreciation
In accounting, depreciation is defined as the decrease of the initial or recorded cost of a
fixed asset consistently until the value of the item becomes zero. Some of the examples of fixed
assets include buildings, machinery, and furniture and office equipment. The land is the only
exemption since whose value increase with time as opposed to other assets. The loss of market
value can also be referred to as depreciat...
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