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.
Neogen Chemicals Ltd. delivered subdued financial performance in the quarter. Lower lithium and bromine prices, higher financing and depreciation costs led to lower than expected profitability. Neogen is seeng strong interest for their battery chemicals segment from domestic as well as overseas customers. We maintain our HOLD rating on the stock on account of rich valuations with target price of Rs 1,700
Japanese Yen continues to weaken, accelerating its decline in today's Asian session and edging closer to a multi-decade low against Dollar. The market appears to be gaining confidence that Japan will not intervene at this stage, despite the steep and extended depreciation. But the country's approach to currency intervention remains shrouded in typical discretion. So, it's "never say never" regarding the timing of intervention.
Official said the slower pace of local currency depreciation, not just sharp movements, is not desirable for the Japanese economy READ TOO Chinese yuan surpasses the euro Biden says Xi Jinping is a