Question

what is depreciation​

Answer 1

Explanation:

In accountancy, depreciation refers to two aspects of the same concept: first, the actual decrease in value of fair value of an asset, such as the decrease in value of factory equipment each year as it .

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Answer 2

Answer:

Cost price of any particular product , when decreases after some years is called as depreciation. Ex:-Refrigerator , car or mobile phone etc.