Depreciation
The allocation of the cost of tangible assets (such as buildings, machinery, or vehicles) over their useful life. It reflects the decrease in the value of these assets due to wear and tear, obsolescence, or usage over time.
The allocation of the cost of tangible assets (such as buildings, machinery, or vehicles) over their useful life. It reflects the decrease in the value of these assets due to wear and tear, obsolescence, or usage over time.