GO BACKKnowing depreciation is important because businesses can use this to plan their Capital Investments of long-term assets over the course of time for accounting and tax benefits. As the value of an asset depreciates over the years due to wear and tear, this amount can be shown in the accounting balance sheet.
Asset Depreciation Management will help you to make informed decisions using available information of the asset, its valuation, contribution to useful life, and plan for better maintenance during its useful life.
