Depreciation is a method of allocating the cost of a tangible asset over its useful life. In the context of a factory, depreciation refers to the gradual decrease in the value of the factory’s physical assets over time. This could include machinery, equipment, buildings, and other property that are used in the production process. The depreciation of factory assets is typically calculated using a straight-line method or an accelerated method, depending on the asset and its expected useful life...