#depreciation

Depreciation is the process of allocating the cost of a long-term asset over its useful life. It reflects the wear and tear or obsolescence of assets like equipment or buildings. The documents here cover various depreciation methods, such as straight-line and double-declining-balance, and their applications in accounting. They include examples of asset transactions, journal entries, and ethical considerations in depreciation. Some documents also compare depreciation with related concepts like amortization and depletion.