can any one tell what is meant by depreciation
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1.The state of being depreciated.
2.The decline in value of assets.
3.(accounting) The measurement of the decline in value of assets. Not to be confused with impairment, which is the measurement of the unplanned, extraordinary decline in value of assets.
2.The decline in value of assets.
3.(accounting) The measurement of the decline in value of assets. Not to be confused with impairment, which is the measurement of the unplanned, extraordinary decline in value of assets.
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The monetary value of an asset decreases over time due to use,wear and tear or obsolescence. This decrease is measured or known as depreciation.
It is a decrease in the value of an Asset.
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