Depreciation is the normal wear and tear in the value of a fixed asset over it's usage, effluxion of time, change in technology, etc. The need for depreciation arise basis matching concept of accounting....
What is mean by mariginal cost? What do you understand by micro economics? What do you mean by macro economics? What is supply? What is the basic difference in between supply and demand? what...
GDP is Gross Domestic Product. It is the total value of goods and services produced within the boundaries of a nation in a given time period. E.g. 1 year The value of goods and services produced by both...