: It is an expense that reduces net income on paper but does not involve an actual outflow of cash.
: It is an ongoing reduction that typically continues until the asset's life ends or its value reaches its estimated salvage value. depreciation
: It consistently decreases the "book value" (original cost minus accumulated depreciation) of fixed assets over time. : It is an expense that reduces net
: It primarily applies to physical assets like vehicles, machinery, and buildings; land is generally not depreciated. Causes of Depreciation - BYJU'S depreciation