Learn how to calculate Depreciation Expense?
Depreciation Expense is major concept accountants should keep in mind when working with companies and businesses that own plant assets. Plant assets include not just plants but also property and equipment that are tangible in nature. Actively used in operations and are expected to benefit in future periods of time. The Financial Accounting Fundamentals textbook states that the definition of depreciation. It is the process of computing expense from allocating the cost of plant and equipment over their expected useful lives. When calculating depreciation one should notice that actual land…Read More