What Assets are Depreciated Or Amortized? : Uncovering the Value-Deteriorating Secrets
Assets such as buildings, vehicles, equipment, and intangible assets like patents and trademarks are typically subject to depreciation or amortization. These assets are gradually expensed over their useful life to accurately reflect their decreasing value or to allocate their cost over a specific period. Effective management of depreciation and amortization is crucial for businesses as…