Unique Skill ID: KS1204B6FBVM6CXV6RDX

Depreciation

In accountancy, depreciation refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used.

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Account Reconciliation
Balance Sheet
Balance Sheet Analysis
Cash Flow Forecasting
Finance Lease
Fixed Asset
General Ledger Reconciliation
Generally Accepted Accounting Principles
Income Statement
Month-End Closing

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