Question

Depreciation for the current year includes Office​ Furniture,

$3,200​, and​ Equipment, $5,800.?

Answer 1

Depreciation is the reduction in the value of assets over time. In this case, the depreciation for the current year includes Office Furniture, $3,200, and Equipment, $5,800. Depreciation is subtracted from the GDP to calculate the Net National Product (NNP).

Step-by-step explanation:

Depreciation is the reduction in the value of an asset over time. In this case, the depreciation for the current year includes Office Furniture, $3,200, and Equipment, $5,800. Depreciation is subtracted from the GDP to calculate the Net National Product (NNP) which measures the net value of goods and services produced by a country's residents.