true or false

Depreciation measures the decline in market value of the related asset. When a depreciable asset is purchased, estimated salvage value is recorded in the general ledger at the time of purchase. The useful life of a depreciable asset represents its expected physical life. Depreciation measures the decline in market value of the related asset. When a depreciable asset is purchased, estimated salvage value is recorded in the general ledger at the time of purchase. The useful life of a depreciable asset represents its expected physical life