Write about Depreciation in detail.
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Depreciation is a method of reallocating the cost of a tangible asset over its useful life span of it being in motion. Businesses depreciate long-term assets for both accounting and tax purposes. The former affects the balance sheet of a business or entity, and the latter affects the net income that they report.
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depreciation means fall in the value of assets due to change in fashion wear & tear obsolescence etc during a given period of time
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