Solve
Guides
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Open in App
Solution
Depreciation means continuous reduction in the value of property or asset due to wear and tear, accident, fall in market price, passage of time etc.
Was this answer helpful?
2
Similar Questions
Q
1
Answer in one Sentence only What is Depreciation?
View Solution
Q
2
Answer the following in one sentence:
What is depreciation?
View Solution
Q
3
Answer in one Sentence only What is meant by Straight Line Method of providing depreciation?
View Solution
Q
4
Answer in one Sentence only To which account the amount of depreciation is transferred?
View Solution
Q
5
Answer in one Sentence only Under which method of depreciation amount of depreciation changes every year?
View Solution
