What do you mean by deprisetion
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Yogita Ingle 5 years, 2 months ago
Depreciation refers to a reduction in the value of any asset over time, due in particular to wear and tear or getting old.
In accounting terms, depreciation is outlined as the reduction or decreasing of the recorded value of a particular asset in a very systematic manner until the worth of the asset becomes zero or negligible.
Examples of some fixed assets are buildings, furniture, office equipment, machinery, etc. The land is the only exception that cannot be depreciated as the value of land appreciates with time.
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