Question

define depreciation in accounts?​

Answer 1

Answer:

In accountancy, depreciation refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used ..

Explanation:

Answer 2

Answer:

• In accountancy, depreciation refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used ..

Explanation:

• Definition: The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation. Opposite of depreciation is appreciation which is increase in the value of an asset over a period of time. ...

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