3 Answer(s)
Rahila Ahmed
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Posted 4 year ago Rahila Ahmed

The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation.

Yogyata Negi
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Posted 4 year ago Yogyata Negi

The monetary value of an asset decreases over time due to use, wear and tear or obsolescence.

Shweta Jain
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Posted 4 year ago Shweta Jain Gurushala Teacher Coach

Depreciation is an accounting method of allocating 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 up.