Q.1 Objective type questions:(A) Answer in one Sentence only1) What is

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

Q.1 Objective type questions:(A) Answer in one Sentence only1) What is Depreciation?

Answer»

Depreciationis a conceptused for tax andaccountingpurposes that describes the method a company uses to account for the declining value of its assets.

Depreciation means -- a decrease in the value of a currency relative to other currencies.

the monetary of an asset decrease over time due to use wear and tear or obsolescence