Economics · Accounting and Finance
A decrease or reduction in the value of a physical asset over time due to wear and tear, age, or obsolescence is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Valuation
- 2Negotiation
- 3Depreciation✓
- 4Saturation
Correct answer
Depreciation
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Accounting and Finance MCQs →Want more practice questions on Accounting and Finance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Accounting and Finance