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Explain depreciation
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Explain depreciation
The fall in the value of assets due to wear and tear, passage of time and obsolescence is known as depreciation. Whereas, appreciation refers to the increase in the value of assets.
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Explain depreciation
Depreciation is a non-cash expense that reduces the value of an asset as a result of wear and tear, age, or obsolescence over the period of its useful life. ... As time passes, the asset loses value known as DEPRECIATION
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Explain depreciation for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Explain depreciation covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Explain depreciation.
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