Accumulated Depreciation: Accumulated Depreciation and Revaluation Reserve: The Depreciation Dilemma Decoded
Under this system, a fixed percentage of the diminishing value of the asset is written off each year so as to reduce the asset to its residual value at the end of its life. Now that you the 3 factors to consider the accumulated depreciation, you can calculate using the below formal. Modern accounting software simplifies the process of calculating and managing depreciation. That’s why more experienced investors are shifting gears and stepping...