To expand businesses or keep up with changes in the environment, companies must regularly invest in new assets.
While these assets may be costly, companies must also consider the effects and benefits of depreciation.
Depreciation can be thought of as the cost of using assets over time.
Learn about two methods of depreciation: the straight-line method and the declining balance method, both of which are used to divide and allocate the cost of assets over the period of time they are used.
Take this course, and learn how depreciation is an essential accounting practice.