depreciation

How is Depreciation Calculated?

There are several methods to calculate depreciation. The most common methods include:
Straight-Line Depreciation: The asset's cost is evenly spread out over its useful life.
Declining Balance Depreciation: A higher depreciation expense is recorded in the early years of the asset's life.
Units of Production Depreciation: Depreciation is based on the asset's usage, activity, or parts produced.
Sum-of-the-Years' Digits Depreciation: Accelerated method that results in higher depreciation expense in the earlier years than the later years.

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