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Depreciation is a notion that is used to allocate an item's cost over its useful life. It is an important deduction in an entity's profit and loss statements for depreciable assets, and the Act permits it to be taken using either the Straight-Line technique or the Written Down Value (WDV) method. Using our user-friendly Gen I-T software for making depreciation charts, you can streamline your accounting operations and track the value of your assets. We also provide a brief explanation. Read also: https://blog.saginfotech.com/depreciation-chart-gen-it-software
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