Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
Depreciation - What is Depreciation and how does it work?
Depreciation is a method used to allocate a portion of an asset's cost to periods in which the tangible assets helped generate revenue. A company's depreciation expense reduces the amount of taxable earnings, thus reducing the taxes owed.