Question

What does the term Depreciation mean as used in finance/banking operations?; 1) Closure of a Plant due to lock out; 2) Reduction in the value/loss of equipment/plant over a time due to wear and tear; 3) Loss incurred during a year due to plant break down; 4) Unusually high repair expense incurred on the plant during the year

Answer 1

HEY. ✌✌

OPTION 2 ____IS THE ANSWER ....

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Answer 2

Hey mate✌️✌️

Depriciation▶️Reduction in the value/loss of equipment/plant over a time due to wear and tear.