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Answer Posted / kanakaiah
Depreciation has been defined as the diminution in the
utility or value of on asset due to natural wear and tear,
exhasution of subject matter , efflection of time accident
obselesence or similar cases.
Depreciation in two different senses and accept the
suggestion, that some accountants have made in the past to
describe the diminution resulting from the use of assets
as "wear and tear or expired capital outly.
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