What is the meaning of depreciable asset?
Jul 17 2023 / Finance & AccountingDepreciable asset is a term we use mostly in the business world. Essentially, it refers to an item owned by a company or an individual that loses value over time. This could be anything from a machine in a factory to a company car. The loss in value, or 'depreciation', is important as it's taken into account when calculating a company's financial health. So, in simple terms, a depreciable asset is something you own that's worth less as time goes on.
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