Question

depreciation is generated due to​

Answer 1

Answer:

Depreciation is referred to as the reduction in the cost of a fixed asset in sequential order, due to wear and tear until the asset becomes obsolete.

Answer 2

Answer:

• Depreciation is the sequential cost reduction of the a fixed asset brought on by wear and tear up until the asset is rendered obsolete.
• An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.

Explanation:

• A loss in an asset's value, or depreciation, can also be brought on by other reasons like bad market conditions, etc.
• When a piece of equipment used in business depreciates over time, depreciation occurs.
• For instance, during the course of its useful life, a work computer steadily depreciates from its initial purchase price of £0 to £0.

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