(a) What is depreciation of an asset? (b) List three causes of depreciation. (c) Explain the following methods of depreciation: (i) straight line; (ii) redu...

Question 1 Report

(a) What is depreciation of an asset?

(b) List three causes of depreciation.

(c) Explain the following methods of depreciation:

(i) straight line;
(ii) reducing balance;
(iii) revaluation.