Depreciation is the reduction in the value of an asset over time due to wear and tear. Depreciation is used for both tax and accounting purposes when recording the value of mainly equipment or machinery.
Depreciation is the reduction in the value of an asset over time due to wear and tear. Depreciation is used for both tax and accounting purposes when recording the value of mainly equipment or machinery.
This is the second installment in our continuing series on cybersecurity and fraud. You can read Part I by clicking
