When company buy a tangible asset, its value decreases over time. Some decrease more quickly than others. This is something you'll probably come to realize when you try to re-sell the itemin most cases, you won't get the same price you originally paid. This is called depreciation. If you manage a business, you can claim the value of depreciation of an asset as a tax deduction. what is the best method to calculate this value? Why?

The concept of depreciation is consistent with the going concern as assumption. Explain