Question

depreciation arises because of a) obsolescence b) constant use of assets c) expiry of time d) all of the above ans : (d)​

Answer 1

Answer:

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.