Depreciation: The accounting method of allocating the cost of a tangible asset over its useful life. It reflects the usage, wear and tear, or obsolescence of the asset. Depreciation helps companies earn revenue from an asset while expensing part of its cost each year the asset is in use. This process affects the value of the asset on the balance sheet and reduces taxable income on the income statement. Common methods include straight-line and accelerated depreciation.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D1: Information Security governance | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D1: Security Concepts and Practices
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