depreciation

could anybody shed some light on depreciation and the process of claiming it eg. i buy outright a 40k piece of machinery how much can claim 1st yr, 2nd yr etc thanks

I'm trying to understand the concept of depreciation and I'm using an example in order for me to understand it better. I buy a house for $100,000 Liabilities are utility bills $50 per week Maintenance work is required, it will last 5 weeks with a total cost of £100. Now if I wanted to...