| Financial Accounting and Business Management of all kinds of business, industry and services is now possible with HiTech Accounting Software made for specific business segments. Click the following links for more details and free 30 days full featured evaluation download. |
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| Jun 02, 2007 ||Depreciation the permanent decrease in the value of an asset due to use and/or the lapse of time. It is treated as a business expenditure. It is very necessary to include depreciation as machinery etc. does not remain same after use and if its value remains same the accounting accuracy and profit and loss calculation shall be affected resulting in inflated profits. |
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