Challenger App

No.1 PSC Learning App

1M+ Downloads
"Depreciation" refers to:

AThe increase in value of an asset

BThe drop in value of an asset due to wear and tear, age, and obsolescence

CThe sale of an asset

DThe appraisal of an asset's value

Answer:

B. The drop in value of an asset due to wear and tear, age, and obsolescence

Read Explanation:

മൂല്യത്തകർച്ച - തേയ്മാനം, പ്രായം, കാലഹരണപ്പെടൽ എന്നിവ കാരണം ഒരു അസറ്റിൻ്റെ മൂല്യത്തിലുണ്ടായ ഇടിവ്


Related Questions:

A "Judgement Summons" is:
"Malicious prosecution" refers to:
What is an 'Act of God'?
A "Naked Trust" refers to:
Who is a "Notary" in legal proceedings?