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Depreciation refers to the decrease in the value of assets of the company over a time period due to use, wear and tear, and obsolescence. In others words, it is the method to allocate the cost of an asset over its useful life. Depreciation is always charged on the cost price of the asset and not on its market price. It is charged every year to the extent of the depreciable amount. Examples of assets that can be depreciated are Machines, Computers, Furniture, Vehicles, etc.
Country Of Origin : China
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The Mantra mBio-7S (W) 2.4 inch Time Attendance & Access Control Terminal with Wifi is a great addition to any office. This terminal is perfect for time attendance, access control, and more. The Mantra mBio-7S (W) is a high-end security biometric machine that offers a variety of features and benefits for users. This machine features a 2.4 inch TFT display that makes it easy for users to view their biometric data. Additionally, this machine has a long life and is worth the money.