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What is ‘Depreciation’?...

What is ‘Depreciation’?

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The term "depreciation" refers to Associate in Nursing accounting technique wont to portion the price of a tangible or physical plus over its helpful life. Depreciation represents what quantity of Associate in Nursing asset's worth has been used. It permits corporations to earn revenue from the assets they own by paying for them over a definite amount of your time.
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Knowledge Check

  • Depreciation is

    A
    revenue expenditure
    B
    capital expenditure
    C
    Deferred Revenue Expenditure
    D
    None of these

  • Depreciation is a

    A
    Reserve
    B
    Provision
    C
    Both (a) and (b)
    D
    None of these

  • Depreciation means :

    A
    Destruction of a plant in a fire accident
    B
    Loss of fixed assets over time due to wear and tear
    C
    Loss of fixed assets in an earthquake
    D
    Closure of the plant due to lock out

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