Accountancy, asked by cacsbharathi, 3 months ago

what is depreciation
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Answers

Answered by shrutijha0804
17

Answer:

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

Answered by Anonymous
23

Answer:

a reduction in the value of an asset with the passage of time, due in particular to wear and tear.

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