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Why depreciation is charged on assets?

depreciation -- Decline in the value of a currency, financial asset, or capital good. When applied to a capital good, depreciation usually refers to loss of value because of obsolescence, wear, or destruction (as by fire or flood). Book depreciation (also known as tax depreciation) is the depreciation that the tax code allows businesses to deduct when they calculate their taxable profits. It is typically faster than economic depreciation, which represents the actual decline in the value of the asset. Both measures of depreciation appear as part of the national income and product accounts.another definition...depreciation -- Decrease in the value of equipment from wear and tear and the passage of time. Depreciation on business equipment is generally deductible for tax purposes.another definition...depreciation -- the decline in the dollar value of an asset over time and though use. The amount of annual depreciation may be computed differently for tax purposes than the actual decline in value.


What is nearest dollar to 1.09?

The nearest dollar to $1.09 is $1.00


What is 357.64 to the nearest dollar?

To the nearest whole dollar, it is $358.


What is 328.47 rounded to the nearest dollar?

The nearest dollar is $328.00


What is 99.54 to the nearest dollar?

99.54 to the nearest dollar is 100


How 24.89 to the nearest dollar?

$24.89 to the nearest dollar = $25


What is 420.166 to the nearest dollar?

420.166 to the nearest dollar is 420


What is 70.00 rounded to the nearest dollar?

It is already to the nearest dollar.


What indicates that a voucher has and accurate name address and computed dollar amount?

Correct


Indicates that a voucher has an accurate name address and computed dollar amount?

Correct


What is 6.00 rounded to the nearest dollar?

'6.00' does NOT have any currency symbol . So how can it be rounded to the nearest dollar. If you mean $6.00, then the nearest dollar is $6.


What is 65.16 rounded to nearest dollar?

$65.16 rounded to the nearest dollar = $65 65.16 cents rounded to the nearest dollar = $1