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what is depriciation? |
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Answer» Thanks yr The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as\xa0depreciation. Machinery, equipment, currency are some examples of assets that are likely to\xa0depreciate\xa0over a specific period of time.\xa0Depreciation\xa0is an\xa0accounting\xa0method of allocating the cost of a tangible or physical asset over its useful life or life expectancy.\xa0Depreciation\xa0represents how much of an asset\'s value has been used up.\xa0Depreciation is a method used to allocate the cost of tangible assets or fixed assets over the assets\'\xa0useful life. In other words, it allocates a portion of that cost to periods in which the tangible assets helped generate revenues or sales. |
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