Accountancy, asked by nitishn6959, 1 month ago

Define depreciation.state any two reasons for providing depreciation?

Answers

Answered by Aogarro

1

Answer:

Wear and tear-Any asset will gradually break down over a certain usage period, as parts wear out and need to be replaced.

Perishability- Some assets have an extremely short life span.

Explanation:

Answered by OooitzurcuteprinceOo

1

Explanation:

Wear and tear. Any asset will gradually break down over a certain usage period, as parts wear out and need to be replaced. ...

Perishability. Some assets have an extremely short life span. ...

Usage rights. ...

Natural resource usage. ...

Inefficiency/obsolescence.

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