What is depreciation in terms of a capital asset

What is depreciation in terms of a capital asset Explain specifics of its primary logic and function, accounting basis, and process. Non-capital assets are equipment or other physical assets with an acquisition cost of $1,000 or more but less than $5,000 per unit and with a useful life greater than one year. Capital assets are significant pieces of property such as homes, cars, investment properties, stocks, bonds, and even collectibles or art.