Another Question Go to Table of Contents 5a. Some people commonly call this depreciation but in accounting terms, this is not depreciation nor in most cases is it accounted for. Another Question Go to Table of Contents 5b. Depreciation is not caused by the aging of an asset. Another Question Go to Table of Contents 5c.
Depreciation has nothing to do with inflation.
Another Question Go to Table of Contents 5d. This is the definition of accounting for depreciation. Another Question Go to Table of Contents 6a. You should never have an entry to a revenue and an expense in the same adjusting entry. Another Question Go to Table of Contents 6b.