What is depreciation? Which tangible assets in IT are depreciated and which are not? Why?

Expert Solution

Depreciation is charge of value of an assets to company Income statement due to normal wear & tear.

Tangible fixed assets like equipment, machinery, buildings, furniture etc are depreciated because their value reduces with time.

Land is the only fixed asset that does not depreciate, as the value of land appreciates with time.

ekkarill92 answered 1 year ago

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