Depreciation is every bit as much an expense as the salary that a business pays its employees.

Name: Depreciation is every bit as much an expense as the salary that a business pays its employees.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

Depreciation is the decrease in value of an asset over time and is recognized as an expense in a business's financial statements. The expense of depreciation is just as real and significant as the salary paid to employees and both have an impact on a business's profitability.

Depreciation Is Every Bit as Much an Expense as the Salary