If the cost of repairing an item is greater than the value it adds to the improvement, the depreciation is Incurable.
Items that can be fixed but where the cost to do so is greater than the value it’ll have, we call incurable depreciation.
Depreciation Example – If the company van has a price of Rs. 100,000 and the truck has an expected life of 5 years, the company can depreciate the asset as Rs. 20,000 yen each year for 5 years.
Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.
Learn more about depreciation at
https://brainly.com/question/25806993
#SPJ4
