Depreciation refers to when the value of something goes down over time. Jack and Trisha bought a new car for £8500 in 2009. In the first year, its value depreciated by 20%, in the second year by 15% ...
Appreciation refers to when the value of something increases over time. The value of a house usually increases with time. Therefore its value is said to appreciate. A flat bought for £74 000 in 2008 ...
Before IT contractors can explore the depreciation period and rate for their staple items – business laptops and computers, let’s start with some fundamentals like what is depreciation and who decides ...
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