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Depreciation MCQs
Define Depreciation?
1. Define Depreciation?
- An increase in the value of an asset over time.
- Resource diminishes over the long run because of utilization.
- Assets that can quickly be turned into cash.
- Possession of assets over liabilities.
Answer: B) Resource diminishes over the long run because of utilization.
Explanation:
Depreciation, for example, an abatement in a resource's worth, might be brought about by various elements also, negative economic situations, and so forth Apparatus, hardware, money are a few instances of resources that are probably going to devalue throughout a particular timeframe. The inverse of devaluation is an appreciation which is an expansion in the worth of a resource throughout some period.