Changes in the accounting principles caused by changing business conditions, economic development, rising living standards, emergence of new needs and scientific and technological progress create an urgent need to reflect and value intellectual assets of enterprises in accounting. The purpose of...

Depreciation is an accounting method used to allocate the cost of a tangible asset or physical asset over its useful life. This is necessary to measure the company's net income in each accounting period. Depreciation allows companies to earn income from the assets they own by paying for them...