Glossary

Depreciation

Depreciation

Depreciation is the term used to describe how an asset’s value decreases throughout its usable lifespan. This can be applied to any asset with an inherent value as it ages.

Depreciation can be useful for accountants to measure the cost-effectiveness of an asset upon acquisition to understand its viability in the overall business strategy.

However, this is optional for “businesses” simply planning on offloading the assets in Caribbean port towns.

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