Accountancy, asked by joy867, 11 months ago

what is depreciation?

Answers

Answered by kevinpshibu

Answer:

Decrease in value of an item can be Assests,buildings,land,etc.EG:You bought a car for Rupees 50,000 in 2016,in 2019 it is rupees 32,000

shinyanish1030: a reduction in the value of an asset over time, due in particular to wear and tear.

Answered by 1keshav123

In accountancy, depreciation refers to two aspects of the same concept: The decrease in value of assets The allocation of the cost of assets to periods in which the assets are used Depreciation is a method of reallocating the cost of a tangible asset over its useful life span of it being in m

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