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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.
AboitizPower 9-month income up 2% amid higher energy sales - BusinessWorld Online
ABOITIZ POWER Corp.’s (AboitizPower) net income rose by 2% to P26.7 billion in the nine months to September, spurred by its power generation and distribution units. This was despite the recognition of depreciation and interest for GNPower Dinginin Ltd. Co.’s Units 1 and 2, it said in a stock exchange filing on Thursday. Excluding foreign […]
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.