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Essay

Depreciation And Sale Of Asset

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Gene D

 

Date added:

April 17, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 851

 

Was viewed:

3794 times

 

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Essay content:

Examples of depreciable assets include machinery and motor vehicles. Generally, most non-current assets, with the exception of land, decline in their potential to provide future economic benefit. There are three factors that contribute to this decline. They are, the deterioration of a non-current asset due to the use of it, technical obsolescence, whereby certain assets become out of date due to technical innovations and improvements on a comparative basis and the final, commercial obsolescence which is the process of certain non-current assets becoming redundant as the demands fall for the goods or service previously provided by the asset Depreciation allocates the assets cost or depreciable amount over the estimated useful life of the asset to the entity...
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They are, the deterioration of a non-current asset due to the use of it, technical obsolescence, whereby certain assets become out of date due to technical innovations and improvements on a comparative basis and the final, commercial obsolescence which is the process of certain non-current assets becoming redundant as the demands fall for the goods or service previously provided by the asset Depreciation allocates the assets cost or depreciable amount over the estimated useful life of the asset to the entity...
displayed 300 characters

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