Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 19 - No. 16)
What is the meaning of the term "depreciation"?
The decrease in value of an asset over time.
The appreciation in value of an asset over time.
The cost of repairing an asset.
The amount of cash used to purchase an asset.
Explanation
Depreciation refers to the allocation of the cost of a tangible asset over its useful life.
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