Question

Depreciation means ???​

Answer 1

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Depreciation is defined as the reduction of recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery etc.

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Answer 2

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❤➡The loss of equipment over time due to wear and tear❤❤❤

➡Depreciation is defined as a reduction in the value of an asset that occurs over time as the asset gets older or as wear and tear occurs, or the decline of one currency in relation to others

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