Depreciation overview
Each year that you own an asset, the asset loses some value until it eventually has no more value to the business. Measuring the loss in value of an asset is called depreciation. Depreciation is a method to allocate the cost of an asset over its estimated useful life. By depreciating your assets, you can take tax deductions for the loss in value.
Depreciation is provided only for the following CI types:
- Equipment
- Document
- Application
- Application Infrastructure
- Application System
- Computer System
- Mainframe
- Printer
- Software Server
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