Accounting for IGCSE & O level - Accounting Procedures (Section 24 - No. 50)
What is the meaning of depreciation?
Depreciation is an increase in the value of an asset over a given period.
Depreciation is a decrease in the value of an asset over a given period.
Depreciation is the cost of maintaining the assets.
Depreciation is the result of a company's profit.
Explanation
Depreciation represents the reduction in value.
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