Determining Physical Deterioration for Asset Depreciation

By |2023-07-14T22:20:11+00:00July 14th, 2023|Equipment Appraisals|

Asset depreciation is a critical component of financial accounting, enabling businesses to allocate the cost of an asset over its useful life. Physical deterioration is one of the primary factors considered when determining the depreciation of tangible assets. Understanding how to assess and measure physical deterioration is essential for accurate financial reporting and effective asset management.