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Tag Archives: accounting tips

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What is depreciation and how to calculate it

What Is Depreciation?

Bookkeeping, General AccountingBy Harshal KatreFebruary 2, 20174 Comments

  What is Depreciation? In accounting terms, depreciation is defined as the reduction of the recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery etc. The land is the only exception that cannot…

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