Lesson60 seconds
What is Depreciation?
Spreading the cost of a long-lasting asset over the years you use it.
Step 1 of 9
Simple Definition
Depreciation allocates the cost of tangible (like equipment) over their useful life.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next