Accountancy, asked by dare7devil007, 5 months ago

16. Depreciation arises.

Obsolescence
Passage of time
Constant use of assets
All of the above

Answers

Answered by Amusaiyed

Answer:

Depreciation is a gradual diminution, loss, or shrinkage in the utility of value of an asset due to wear and tear in use, effluxion of time or obsolescence. Depreciation is the allocation of the depreciable amount of an asset over its estimated useful life.

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