plz explain depreciation

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fall in value of asset due to passage of time, use of asset, wear and tear is called depreciation.

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reduction in value of assets is called depreciation

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decrease in the value of the assets due to the passage of time and use.

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Deprecation means reduction of the assets is called depreciation

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Depreciation is one type of expense which is deduct from the fixed assets.

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Reduction in the value of the asset due to its normal wear and tear is called depreciation

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Decrease in the value of fixed assets

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Depreciation is the reduction in the value of tengible fixed assets due its use.

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Means reduction in the value of asset over time.

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Economics or accounts ? both have different definitions