Fuel Equipment Depreciation There are two main depreciation methods used for Fuel Equipment Depreciation: Straight-line depreciation assumes that the cost of the equipment is depreciated evenly over its useful life. The formula is: Depreciation expense = (Cost of asset – Salvage value) / Useful life Declining balance depreciation assumes that the depreciation expense is… Read More »
Depreciation expense or loss Depreciation is considered an expense in accounting, but it is not the same as a loss. In accounting, depreciation is the process of allocating the cost of a long-term asset over its useful life. It is an expense that represents the reduction in the value of the asset over… Read More »
Difference between Depreciation and Capital Loss Depreciation and capital loss are two different concepts in accounting. Depreciation is the term used to describe the reduction in the value of an asset as a result of factors such as wear and tear, obsolescence, or other similar reasons, over a period of time. It is a non-cash… Read More »