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Depreciation is an accounting term which is used to spread the cost of an asset over its useful life. It is a method of allocating the cost of an asset over a period of time. It is used to match the cost of the asset to the revenue it generates. Depreciation is a non-cash expense and is used to reduce the value of an asset on the balance sheet. It is important to understand how depreciation works and how it affects the financial statements of businesses. Read the latest news and articles on depreciation below.
The Indian rupee hit a new record low against the US dollar, falling by 41 paise to trade at 88.73. This marks a significant depreciation from its previous close of 88.32 on Monday, reflecting continued pressure on the currency amid global and domestic economic factors. Earlier, at the start of the trading session, the domestic currency had fallen 18 paise to then low of 88.50.
The rise in external debt includes a valuation loss of USD 5.1 billion due to the depreciation of the US dollar against the Indian rupee and other major currencies such as the yen, euro, and Special Drawing Rights (SDR). Excluding this valuation effect, the increase in external debt would have been USD 6.2 billion. Get more Economy & Infra News and Business News on Zee Business.
Upgrading your kitchen requires careful planning. Without a clear capital expenditure (Capex) plan, costs can spiral out of control. You’ll need to map every expense, all while staying realistic about ROI and depreciation. How do you decide between leasing and buying? What are the key cost categories you shouldn’t overlook?…
Volatility across major currency pairs eased in Asian session today, with markets showing a brief pause after several sessions of outsized moves. Yen initially extended losses as the Nikkei 225 surged to another record high for a second straight day, but later steadied as profit-taking emerged following the sharp depreciation seen earlier in the week.
POWER DISTRIBUTOR Manila Electric Co. (Meralco) expects a rise in its generation charge this month, as the peso’s depreciation is seen to drive up the cost of power purchased from its suppliers. “While we are still waiting for some billings from our suppliers to finalize the October electricity rate, indications point to a possible increase […]