Answer:
Yes
Explanation:
Depreciation can summarily be defined as spreading the cost of a tangible item over the course of the through which the item would be useful.
When an item such as office furniture, electronics, etc., is purchased, the lifespan of the item is estimated and the cost is spread over the period of its lifespan. At the end of each financial period, the cost of the item for the period is removed from the value of the item and the new value is input into the balance sheet.
Correct answer: yes.
