Methods for Depreciating Fixed Assets

This document explains how M3 supports different methods for the depreciation of fixed assets. Fixed assets are assets purchased for continuous use and possession by the company.

As established by national law, depreciation in financial accounting implies a reduction of an asset's recorded value to ensure a correct value of the asset. As managed by company policy, depreciation for management and cost accounting purposes shows the decrease in value caused by wear and tear, as well as gradual obsolescence.

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