Depreciation (HL)
Methods of depreciation (AO2, AO4) (HL only)Appropriateness of each depreciation method (AO3) (HL only)Depreciation refers to the fall in the value of a non-current asset. As a non-current asset is used over and over, its value drops due to wear and tear (usage and natural ageing). In addition, newer and better models and/or improved technologies become available, further depreciating the value of older assets such as...