Depreciation reflects the wear and tear on an asset over time or other loss of value through obsolescence.

Name: Depreciation reflects the wear and tear on an asset over time or other loss of value through obsolescence.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Depreciation is the reduction in the value of an asset over time or due to its obsolescence or other factors that cause its value to decrease. It is a method used in accounting to spread the cost of an asset over its useful life.

Depreciation Reflects the Wear and Tear on an Asset Over