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Discover Latest #Depreciation News, Articles and Videos with Contenting
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.
Rupee hits all-time low of 84.40 against US dollar on weak investor sentiment | Zee Business
Rupee tumbles to a new low of 84.40 against the dollar as persistent foreign fund outflows and strong US currency weigh on sentiment; RBI intervention expected to limit further depreciation. Get more Commodities News and Business News on Zee Business.
NG debt reaches record P16 trillion - BusinessWorld Online
THE NATIONAL GOVERNMENT’S (NG) outstanding debt inched up to a fresh high of P16.02 trillion as of end-October amid the peso’s depreciation against the US dollar, the Bureau of the Treasury (BTr) said. Data from the BTr on Tuesday showed that outstanding debt went up by 0.8% or by P126.95 billion to P16.02 trillion as […]