Depreciation expense

Based on your studies, answer the following question. Be sure you clearly
> understand what an expense is in accounting and specifically what a
> depreciation expense means.
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> The expense account for depreciation has unique characteristics. Define the
> accounting term depreciation. Contrast depreciation with the matching
> concept. Do you believe these are compatible? Why?
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> Support your statements with evidence from the required studies and your
> research.

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Depreciation can be defined as a decrease in the value of an asset as time passes. Depreciation mainly occurs in fixed assets, for example motor vehicle or machinery. It is mainly brought about by tear and wear, as the business entity uses these assets to generate income. While recording depreciation in the accounting books, it is mainly considered as an expense to the business entity. The method used to calculate the asset’s depreciation solely depends on the time that the entity intends to use the asset. For example, if a company…………..

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