Question

Explain the causes of depreciation.​

Answer 1

꧁࿐༵༆༒Answer༒༆࿐༵ ꧂

Wear and Tear of the Asset

Wear and Tear of the AssetThere will be parts that may need replacing or repairing. Usually, such assets have a fixed span of life, after which, they need to be scrapped. This wear and tear of the asset must be accounted for in financial terms, hence depreciation