Depreciation is generated due toGroup of answer choicesIncrease in the value of liabilityWear and tearDecrease in capitalDecrease in the value of assets
Question
Solution 1
Depreciation is generated due to the wear and tear of assets.
Here's a step-by-step explanation:
Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy.
It is an estimate of the reduction in value incurred by own Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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