Depreciation methods are accounting techniques used to allocate the cost of a tangible asset over its useful life systematically. These methods are essential for properly matching expenses with revenues.
The Production-Unit Method is a technique for calculating depreciation where the depreciation charge is based on the number of units produced by machinery over its useful life.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.