Depreciation: Introduction, Causes and other Details (1239 Words)
Depreciation: Introduction, Causes and other Details! Introduction: The term ‘depreciation’ is derived from the Latin words do (down) and premium (price). In everyday life, the term ‘depreciation’ denotes the decrease in the value of any asset. Image Courtesy: wmarkthompson.com/wp-content/uploads/2013/01/servingleader.jpg It is applicable only to those tangible assets that are used by the business. Some definitions of depreciation are [...]