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What is the definition of "Depreciation"?a)The increase in the value of an asset over time.b)The reduction in the balance of a fixed asset due to wear and tear.c)The appreciation of a fixed asset's value.d)The amount of money set aside for future investments.Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is the definition of "Depreciation"?a)The increase in the value of an asset over time.b)The reduction in the balance of a fixed asset due to wear and tear.c)The appreciation of a fixed asset's value.d)The amount of money set aside for future investments.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the definition of "Depreciation"?a)The increase in the value of an asset over time.b)The reduction in the balance of a fixed asset due to wear and tear.c)The appreciation of a fixed asset's value.d)The amount of money set aside for future investments.Correct answer is option 'B'. Can you explain this answer?.

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