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Explain depreciation briefly .?
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Explain depreciation briefly .?
a reduction in the value of an asset over time, due in particular to wear and tear, and to show this in books of accounts we use mainly two methods ....straight-line method and written down method

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Explain depreciation briefly .?
The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation. ... Machinery, equipment, currency are some examples of assets that are likely to depreciate over a specific period of time.
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Explain depreciation briefly .?
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