what do you understand by the term depreciation ..Good evening brainly wlo help me by solving this....
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depriciation means..
falling in the price of assets
like depriciation on furniture, machines,etc.....
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In simple words we can say that depreciation is the decrease in the value of asset.(except building, lands etc.)
It may because of wear and tear of it, and it is acceptable that every year assets value will decrease because of its usage and breaking of some parts etc.
To typify, If you will purchase a car of ₹4,00,000 and after using it for 2-3 years if you will confirm its resale value from market then it may be ranges between 1,00,000-2,00,000.
This is the whole concept of depriciation.
MARK THIS AD BRAINLIEST IF ANSWER HELPS YOU.
It may because of wear and tear of it, and it is acceptable that every year assets value will decrease because of its usage and breaking of some parts etc.
To typify, If you will purchase a car of ₹4,00,000 and after using it for 2-3 years if you will confirm its resale value from market then it may be ranges between 1,00,000-2,00,000.
This is the whole concept of depriciation.
MARK THIS AD BRAINLIEST IF ANSWER HELPS YOU.
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