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4:57
YouTube
Accountingplus
What is depreciation? And Causes of the depreciation?
What is depreciation? Depreciation, as the term is used in accounting, is the allocation of the cost of a tangible fixed asset to expense in the period in which services are received from the asset. In short, the basic purpose of depreciation is to achieve the matching principle- that is, offset the revenue of an accounting period with the ...
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