COMMERCIAL THEORY

what is depreciation. characteristics of depreciation.

 what is depreciation :the accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is called depreciation. the word 'depreciation' is derived from the Latin word 'Depretium' where 'De' means decline and 'pretium' means price.characteristics of depreciation : Depreciation is a non-cash expense.Depreciation may be physical or functional.Depreciation is a process of allocatin…