Depreciation refers to the reduction in value of an item after some time. On the other hand, depletion is the exhaustion of materials that might not have a way of renewal.
Land is not subject to depreciation, depletion, or amortization.
Book Value is the difference between the cost of an asset and the accumulated depreciation of that asset.
Depreciation is for a particular year (say for Year 3). Accumulated depreciation is the aggregate of depreciation from the beginning (say from Year 1 to Year 3)
depreciation is the reduction in the value of an asset due to usage, passage of time, wear and tear, technological outdating or obsolescence, depletion, inadequacy, rot, rust, decay or other such factors. Appreciation is a term used in accounting relating to the increase in value of an asset.
There is no difference between the two. The global depletion of ozone is the hole over ozone only.
This will be found under "deferred taxes" on the income statement.
To preserve the corpus for the remainder beneficiaries
to preserve the corpus for the remainder beneficiaries
Depreciation expense is a nominal account which will goin to net income at the end of term. Accumulated depreciation is a contra account with capital assets which shows up in balance sheet.
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
bnder
In accounting, depreciation is an allocation of a previous expenditure, while in economics depreciation represents a decline in current value.