Question

need of depritiation??

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Answer 1

Answer:

Depreciation needs to be provided because an asset is bound to undergo wear and tear over a period of time. ... Also, every asset becomes obsolete over a period of time, as new technology and innovation take over. The value of the asset will hence decrease over time and this must be accounted for.

Answer 2

Answer:

Depreciation needs to be provided because an asset is bound to undergo wear and tear over a period of time. ... Also, every asset becomes obsolete over a period of time, as new technology and innovation take over. The value of the asset will hence decrease over time and this must be accounted for.

Explanation:

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