⏩Brief Explanation Decline in asset value over time. 📔Glossary Definition Depreciation is an accounting method used to allocate the cost of a tangible or physical asset over its useful life. It represents how much of an asset's value has been use ...
⏩Brief Explanation Direct costs of producing sold goods. 📔Glossary Definition Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold by a business. This amount includes the cost of the materia ...