Accounting

Depreciation

https://www.investopedia.com/terms/d/depreciation.asp

Depreciation can be defined as the gradual decrease in utility of fixed assets with use and time.

2 types of depreciation:

1. Economic Depreciation
2. Accounting Depreciation

2 depreciation methods

1. Straight-line depreciation
2. Declining Balance Method

Straight-Line Method

Declining-Balance Method