What is the term that describes the decline in value of assets during the period using either the sales value of assets or their replacement costs as the measure of value?
A)economic inflation.
B)economic deflation.
C)economic appreciation.
D)economic depreciation.

Question

Quizplus · Accepted Answer

Economic depreciation is the term that describes the decline in value of assets over a period of time. It can be measured using either the sales value of assets or their replacement costs. Economic inflation and appreciation, on the other hand, refer to the increase in the value of assets over time, while economic deflation refers to a decrease in the overall level of prices in an economy.

What Is the Term That Describes the Decline in Value