Question

what is depritiation

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Answer 1

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 .

Answer 2

Answer:

The term depreciation refers to an accounting method used to allocate the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used.An example of fixed assets are buildings, furniture, office equipment, machinery etc.

Explanation:

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