Answer in Accounting for Myriel Martins #98506
March 18th, 2023
the formula to calculate WDV of an asset:
Written-down value = value of an asset – depreciation (amortization)
Depreciation is a non-cash expense that is used to write down the value of an asset over its useful life.
Main types of depreciation methods:
- Straight-line
- Double declining balance
- Units of production
- Sum of years digits