Concepts of Depreciation Assets
Below are some concepts about depreciation assets:
Depreciation. Is the decline in the value of goods due to its use.
Life. Is the time at which a product can work in optimal conditions.
Maintenance. Conservation work is needed to prolong the useful life of assets.
A new replacement value. Is the price of a new well in the market that functions similar to those we have.
Depreciated value. Is the value of an asset less a depreciation, the percentage we are using, according to the method selected.
Real value. Is the value that the market has a similar or equal to ours, with the same seniority and conditions of use.
Resale value. Is the price at which we can sell used goods, once it has been replaced by or we do. Generally coincides with the actual value, but may be slightly lower.
Percentage of annual depreciation. Represents the annual decrease in percentage terms, the value of assets. Its calculation can include variables such as the actual market value, the useful life of the asset, the terms of use and maintenance that has been given, among others.
Heritage. Assets, rights and obligations of a natural or legal person, entity or country. Referred to an individual usually involves only the property with some economic value.
Property rights and those with whom the debtor guarantees its commitment to pay the creditor and by integrating its financial and economic significance, to refer to a pensioner as their legal relations and as a set of rights and obligations.
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