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Define Depreciation. What are the causes of depreciation? |
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Answer» ation is a ratable reduction in the carrying amount of a fixed asset. ... The CAUSES of depreciation are: WEAR and tear. Any asset will gradually break down over a CERTAIN usage PERIOD, as parts wear out and need to be replaced. Eventually, the asset can no LONGER be repaired, and must be disposed of❝♥️❞ |
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