FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

When do the depreciation expenses lose some of their value? Why?

Expert Solution
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Step 1

Depreciation is a process in the decrease in the value of an asset. A reduction in the value over a period of time.

Step 2

Depreciation is treated as an expense.Depreciation loses its value under the Reducing Balance Method. In Reducing Balance Method the depreciation is in a different amount until the assets balance diminishes.

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