Depreciation Causes, Methods of Calculating, and Examples
Since an asset benefits your business over an extended period, this expense is recorded over time to allocate the asset’s cost over the periods it benefited the company. To illustrate an Accumulated Depreciation account, assume that a retailer purchased a delivery truck for $70,000 and it was recorded with a debit of $70,000 in the …
Depreciation Causes, Methods of Calculating, and Examples Read More »