Bramble Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2023, included the following accounts: Legal Expense Advertising Expense Freight Out Interest Expense Loss on Disposal of Investments-FV-NI Management Salaries Rent Expense Sales Commission Expense $138000 O $416000. O $525500. O $353500. O $444000. 163000 81500 68000 28000 229000 218000 172000 One-half of the rented premises is occupied by the sales department. Bramble's total selling expenses for 2023 are

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Depreciation Methods

The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.

Depreciation Accounting

In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.