Determining and reporting an organization's financial status and operating outcomes are significantly impacted by depreciation. Depreciation in accounting refers to two different aspects of the same idea: first, the actual decline in an asset's fair value over time, such as the annual loss in value of factory equipment due to use and wear, and second, the allocating of an asset's initial cost to its useful life in accounting statements. A deeper comprehension of the subject is provided by the presentation.

Aparika Sharma

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