Question

what is depreciation?​

Answer 1

Explanation:

The monetary value of an asset decreases over time due to use, wear and tear or obsolescence is called depreciation..

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Answer 2

Answer:

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Explanation:

Definition: The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation. Accounting estimates the decrease in value using the information regarding the useful life of the asset. ...