Question

Depreciation may be caused by expected obsolescence and efflux of time

Answer 1

Explanation:

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Answer 2

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Depreciation may be caused by expected obsolescence and efflux of time

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MEANING Depreciation is a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, efflux ion of time or obsolescence through technology and market changes. ... In other words, depreciation must be considered in order to into out true profit or loss of a business.