What are examples of depreciable assets?

Depreciable assets are tangible items that lose value over time due to wear and tear, obsolescence, or age. Common examples of these assets include machinery, vehicles, buildings, and equipment. To elaborate, depreciable assets refer to physical items that experience a decline in value as they are used or age. This category typically includes machinery used in manufacturing, vehicles utilized for transportation, buildings that house operations, and various types of equipment essential for business functions. Each of these assets is subject to depreciation, which is an accounting method that allocates the cost of the asset over its useful life.