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Q.1 Objective type questions:(A) Answer in one Sentence only1) What is Depreciation? |
Answer» <p>Depreciationis a conceptused for tax andaccountingpurposes that describes the method a company uses to account for the declining value of its assets. </p> <p>Depreciation means -- a decrease in the value of a currency relative to other currencies.</p> <p>the monetary of an asset decrease over time due to use wear and tear or obsolescence</p> | |