Question

(G) Depreciation means.............in the value of an assets​

Answer 1

$Answer:$

Depreciation means decrease in the value of assets.

Note: Depreciation expense generally begins when the asset is placed in service.

For example, a depreciation expense of 100 per year for five years may be recognized for an asset costing 500. Depreciation has been defined as the diminution in the utility or value of an asset and is a non-cash expense.

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