Depreciation: Explained In 5 Mins

Today we’re talking depreciation, the incredibly important technique needed to expense assets. We will discuss what it is, how it works, and why it’s important. With that all said, let's get into it

Deprecation is an accounting tool that allows companies to account for the ‘consumption’ of their assets that don’t diminish on their own and to correctly allocate the cost of these assets against the revenue…