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Introduction: Depreciation
This Blog will explain about the Deprecation calculations
What is Depreciation?
Assets calculates depreciation using either the recoverable cost or the recoverable net book value as a basis: Asset cost: Assets calculates the fiscal year depreciation by multiplying the recoverable cost by the rate.
Why do asset Depreciate?
The value of your tangible or physical assets – such as vehicles, machinery and equipment – will fall as they are used and eventually wear out. This is depreciation and is used in your business accounts to write off the value of the assets you have bought over time.
Kindly go thru the docs for more details
Depreciation Method
Settings That Affect Depreciation Calculation
How Depreciation Is Calculated
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