Depreciation is a way of allocating an asset's cost over its useful life. It is an important deduction for depreciable assets in an entity's profit and loss accounts. The Income Tax Act includes depreciation calculation methods such as the Straight-Line approach and the Written Down Value (WDV) method. The WDV approach is frequently employed, however, the straight-line method can be used by organisations involved in electricity generating or generation and distribution. Read also: https://blog.saginfotech.com/depreciation-chart-gen-it-software

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