How do I find the car’s depreciation? Car H1(Kia Sorento)year2021ZOZOCE)2020(G)2020LF)2019CE)2019 (G)2019 CF)20181 E)2018162018(F)AgeValue29,54522,47121, C08019,86722,0711.2.21,07819,43418,9381구, 80니16,3933.2017(E)2017(G)2017(F)2016(E)201016)2016LE)4.410,74015,40114, 09015,43413,8255.12, 581

Depreciation: The charge that reduces the value of fixed assets is known as depreciation. It is…

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Business

Accounting

How do I find the car’s depreciation?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

How do I find the car’s depreciation?

Car H1(Kia Sorento)
year
2021
ZOZOCE)
2020(G)
2020LF)
2019CE)
2019 (G)
2019 CF)
20181 E)
201816
2018(F)
Age
Value
29,545
22,471
21, C080
19,867
22,071
1.
2.
21,078
19,434
18,938
1구, 80니
16,393
3.
2017(E)
2017(G)
2017(F)
2016(E)
201016)
2016LE)
4.
4
10,740
15,401
14, 090
15,434
13,825
5.
12, 581

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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