What Is Asset Depreciation?

Asset depreciation refers to the decline in the value of assets. Depreciation in both corporate accounting and national economic accounting refers to: a monetary estimate of the value consumed by capital during the period under review. It is also called capital consumption compensation in the national income account.

Depreciation of assets

Right!

Asset depreciation refers to the decline in the value of assets. Depreciation in both corporate accounting and national economic accounting refers to: a monetary estimate of the value consumed by capital during the period under review. It is also called capital consumption compensation in the national income account.