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30 October, 16:25

Companies can depreciate equipment in which of the following ways?

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  1. 30 October, 16:33
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    Answer: asset cost, salvage value, useful life, and obsolescence.

    Explanation: Any method may be adopted by companies
  2. 30 October, 16:48
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    Depreciation is the method of accounting used to allocate the cost of a tangible asset over its useful life and is used to account for declines in value is called depreciation. A long-term asset is depreciated for tax and accounting purposes. Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up.

    Depreciation can me measured in the following ways: Straight line method, Diminishing method, Sum of the year digit method, and others
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