Excerpt from Depreciation in Theory and Practice
The depreciation problem is one of live importance. It has recently attracted much attention on the part of accountants and engineers interested in the solution of problems of a financial character. Although the literature on the subject is constantly growing in volume, it is often difficult for the student to secure a good knowledge of the fundamentals of the subject because of the form which most of the recent discussions have taken.
Almost all of the material on the subject is in the form of magazine articles. Usually the writer of such an article fails to cover the field fully, preferring to expand on some point in which he is especially interested.
It is needless to say that this lecture does not cover in detail all phases of the matter. On the contrary, in the attempt to cover the essential features of the problem it has been necessary to omit referring to many things of secondary importance, It is believed, however, that this lecture covers the most important features of the problem, and if an interest in the subject and a fair understanding of its leading features is acquired by the student its purpose will have been fulfilled.
Depreciation
By depreciation is meant the losses of plant value arising from physical or functional decay, excepting such losses as are compensated for through current repairs.
From the standpoint of the cause of depreciation it is either (a) physical or (b) functional.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. Это и многое другое вы найдете в книге Depreciation in Theory and Practice (Classic Reprint) (Earl A. Saliers)