Describe the method of the asset's depreciation?

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter18: Accounting For Long-term Assets
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Describe the method of the asset's depreciation?

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Methods of Depreciation: Depreciation refers to the reduction in the monetary value of a fixed asset due to its wear and tear, or obsolescence. It is a method of distributing the cost of the fixed assets over its estimated useful life.

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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